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Galeria Files for Fourth Bankruptcy in Six Years on October 2
Galeria files for insolvency for the fourth time in six years on October 2. The German department store chain has 83 stores and 12,000 employees facing job losses.
German Diesel Hits Record €2.45 Per Litre as EU Weighs Windfall Tax
German diesel prices hit record €2.45/litre on September 18. SPD demands price cap from oil firms within 14 days or faces government intervention. EU finance ministers discuss windfall tax on energy companies.
Deutsche Telekom (ETR: DTE) Acquires Fiberhost and Inea for €1 Billion, Adding 300,000 Customers in Poland
Deutsche Telekom confirmed Monday, August 17, 2026, that it will acquire Poland’s Fiberhost and Inea for €1 billion. The deal, worth roughly $1.16 billion, transforms T-Mobile Polska into a fully converged telecom provider. Deutsche Telekom is buying both companies from Macquarie Asset Management. The transaction still requires customary Polish competition approval before closing. Deutsche Telekom’s…
SoftBank (TYO: 9984) Faces AI Funding Test as Investors Focus on OpenAI Investment Strategy Ahead of Q1 Earnings
SoftBank Group Corp will report Q1 FY2026 earnings on August 6, 2026. Investors are closely watching how the company funds its massive OpenAI commitments. SoftBank’s share price has dropped nearly half since early June 2026. Analysts expect net profit of ¥148.4 billion for the April-June quarter. SoftBank Q1 Earnings Preview: What Analysts Expect Four analysts…
Deutsche Telekom Slips 0.43% on July 29 as DAX Weakness Spreads
Deutsche Telekom (DTE.DE) dropped 0.43% to €27.47 on July 29 amid DAX weakness. The stock trades at a B grade with a 12-month forecast of €25.56, down 11.5% year-over-year.
BAWAG Group (VIE: BAWG) Q2 Profit Jumps 21% as Bank Reaffirms 2026 Outlook Ahead of PTSB Acquisition
BAWAG Group reported strong second-quarter results on July 21, 2026, with net profit rising 21% year over year to €255 million. The increase came from healthy lending activity and disciplined cost management. The Austrian bank also reaffirmed its full-year 2026 outlook, showing confidence even as it moves ahead with its planned acquisition of Ireland’s Permanent…
Aston Martin F1 Team Benches Alonso for Spa as Rookie Crawford Takes Wheel
Aston Martin benches Fernando Alonso for Spa FP1, deploying rookie Jak Crawford in the AMR26. The team faces its worst-case circuit while awaiting a 2-second upgrade in Hungary.
German Driving License Reform 2027: Costs Drop, Rules Change July 15
Germany’s 2027 driving license reform cuts costs and simplifies training. Theory test shrinks by 33%, practical exam drops from 30 to 25 minutes, parents can supervise practice drives, and mandatory classroom instruction ends.
Swiss Solar Sales Plunge 29% in 2025—First Decline Since 2017
Swiss photovoltaic sales dropped 29% in 2025, marking the first decline since 2017. Solar output hit 13.7% of national electricity, while home battery storage jumped 70%.