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☆ Buffalo Bills fans turn a pocket of London into a home from home but Jacksonville Jaguars spoil the party
▼ + stars: | 2023-10-08 | by ( Aimee Lewis | ) edition.cnn.com time to read: +5 min

Tottenham Hotspur Stadium, London CNN —On an unseasonably warm autumnal morning in East London, Mary Beth Schumen and her husband have made an early start to their Sunday. Yet on London’s underground, the Schumens are not the only ones in Bills blue. “It’s another feeling to be live in the stadium,” he tells CNN Sport in anticipation of his third London-based NFL game. Fireworks light up the sky before the start of the second international NFL game of the 2023 season. Ultimately, it was back-to-back London wins for the Jaguars who are now, like the Bills, 3-2 for the season.

Persons: Mary Beth Schumen, Mary Beth, White Hart Lane, She’ll, Eric Schuhmann of, “, Steve Luciano, ‘ Bills mafia ’, ”, Sean McDermott, Benjamin, Eden Gibson, I’ve, Travis Etienne, Alastair Grant, McDermott, Zay Jones, Josh Allen, Ian Walton, Josh Allen –, Stefon Diggs –, Buffalo Organizations: Tottenham Hotspur, London CNN, Buffalo Bills, NFL, Bills, English Premier League, Jacksonville Jaguars, CNN Sport, Tottenham, ‘ Bills mafia, ” Bills, Jaguars, Wembley, Atlanta Falcons, AFC, Jacksonville, London Locations: East London, Indiana, Leytonstone, England, masse, London, Eric Schuhmann of Saxony, Germany, Buffalo, acclimatize

CNN —The German states of Bavaria and Hesse vote in regional elections on Sunday, in what is widely being seen as a test-case for Germany’s shifting political landscape. In Hesse – home to Frankfurt, Germany’s financial hub – dissatisfaction with Germany’s federal government threatens to deliver a blow to Scholz’s coalition. German flags are carried at an AfD election campaign event. Bavarian Premier Söder chose not to dismiss Aiwanger following the allegations, amid calls from across Germany’s political spectrum for the economy minister’s resignation. Hesse, which was formerly a stronghold for the SPD, is currently governed by the CDU in coalition with the Greens.

Persons: Hesse –, Martin Schutt, shockwaves, of Bavaria, Markus Söder, Angela Merkel, Kirill Kudryavtsev, Charlotte Knoblauch, Katrin, Ebner Steiner, AfD’s, ” Steiner, ”, Hubert Aiwanger, Aiwanger, ” Hubert Aiwanger, Sven Hoppe, Söder, Thomas Kreuzer, Chancellor Scholz’s, Nancy Faeser, Kreuzer, “, ” Kreuzer, Faese, Faeser, Der Organizations: CNN, Social Democratic Party, SPD, Free Democratic Party, Greens, Scholz’s SPD, Bavaria, Christian Social Union, CSU, Christian Democratic Union, CDU, Free Voters, Getty, INSA, New, Central Council of, Germany’s Süddeutesche Zeitung, Zeitung, FW, Bavarian, Greens . Center, ”, Der Spiegel, Interior Ministry Locations: Bavaria, Hesse, Germany, –, Frankfurt, Germany’s, AFP, Saxony, Bavarian, Munich, “, Germany’s Süddeutesche

☆ Germany's Birkenstock targets $9.2 billion valuation in New York IPO
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: +1 min

Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday it is seeking a valuation of up to $9.2 billion in its highly anticipated initial public offering (IPO) in New York. The U.S. securities regulator is well-staffed now that a government shutdown has been averted, allowing it to review IPO filings by companies looking to take advantage of the long-awaited reopening of the IPO window. On its website, the company says all elements of its design - the buckles, the straps, the sole and the footbed - have a "functional purpose". Most of its products are manufactured in facilities in Rhineland-Palatinate, North Rhine-Westphalia, Hesse and Saxony in Germany. Goldman Sachs, J.P. Morgan and Morgan Stanley are among the underwriters for the IPO.

Persons: Margot Robbie, Goldman Sachs, J.P, Morgan, Morgan Stanley Organizations: U.S . Securities, Exchange Commission, underwriters Locations: New York, U.S, Rhineland, Palatinate, North Rhine, Westphalia, Hesse, Saxony, Germany

☆ Sesko double helps holders Leipzig beat second-tier Wiesbaden 3-2
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

WIESBADEN, Germany, Sept 27 (Reuters) - Holders RB Leipzig were made to work hard and needed two goals from striker Benjamin Sesko to secure a 3-2 win over second division club Wehen Wiesbaden on Wednesday and a spot in the German Cup second round. But Ivan Prtajin's chip in the 41st got the hosts back in the match with their first chance of the game. Sesko, who also hit the woodwork late in the game, made it 3-1 in the 70th, before Prtajin scored again, but the visitors held on to win despite some late pressure from Wiesbaden. The Saxony club have won the last two editions of the German Cup and have played in the last three finals. Reporting by Karolos Grohmann Editing by Toby DavisOur Standards: The Thomson Reuters Trust Principles.

Persons: Benjamin Sesko, Emil Forsberg's, Sesko, Manchester City's Erling Haaland, Ivan Prtajin's, Prtajin, Karolos, Toby Davis Organizations: Leipzig, Wehen Wiesbaden, Manchester City, Champions League, Manchester, German, Thomson Locations: WIESBADEN, Germany, Leipzig, Wiesbaden, Saxony

NEW YORK (AP) — Researchers have uncovered a simple structure from the Stone Age that may be the oldest evidence yet of early humans building with wood. But it is much more complex than I thought.”Barham and his team dug up the log structure — plus a handful of wooden tools — from a riverbed site that sits above a waterfall in Zambia. They think the crossed logs could have been the base for a bigger structure like a walkway or a platform. The log structure was made at least 476,000 years ago, while the wood tools are slightly younger, under 400,000 years old. ___The Associated Press Health and Science Department receives support from the Howard Hughes Medical Institute’s Science and Educational Media Group.

Persons: It's, ”, Larry Barham, ” Barham, Barham, ’ ” Barham, couldn't, Geoff, —, Dirk Leder, Annemieke Milks, “, ” Milks Organizations: —, University of Liverpool, telltale, Aberystwyth University, Cultural Heritage, University of Reading, Associated Press Health, Science Department, Howard Hughes Medical Institute’s Science, Educational Media Group, AP Locations: Nature, Zambia, Wales, Africa, Germany’s, Saxony

☆ Cheers to Oktoberfest: Inside the legendary beer festival
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: 1 min

PicturesCheers to Oktoberfest: Inside the legendary beer festivalOktoberfest has its origins in a horse race that took place in 1810 to celebrate the wedding of Bavarian Crown Prince Ludwig and Princess Therese of Saxony-Hildburghausen.

Persons: Bavarian Crown Prince Ludwig, Princess Therese of Saxony Organizations: Bavarian Crown Locations: Hildburghausen

☆ This tailor is in high demand for Oktoberfest — there's a 6-month wait for his authentic leather lederhosen, which can cost nearly $2,000
▼ + stars: | 2023-09-16 | by ( Matthias Schrader | Kirsten Grieshaber | Associated Press | ) www.businessinsider.com time to read: +5 min

Klaus Bensmann is a tailor who has been handmaking leather lederhosen for the past 38 years. Bavarians have worn lederhosen — knee-long leather pants with suspenders and embroidery — for hundreds of years. Revelers preferring a more classic look book an appointment with leather tailor Klaus Bensmann for customized, handmade britches fashioned from deer or cow leather. AP Photo/Matthias SchraderBensmann offers different cuts of Bavarian lederhosen, traditional knee-longs, short ones that end mid-thigh, and longer, looser knickerbockers. But instead of working as a tanner, he decided to become a leather tailor, and in 1985 he opened his store and workshop, Leder Bensmann.

Persons: Klaus Bensmann, Bensmann's, Matthias Schrader Bensmann, Claus, Bensmann, Matthias Schrader, Leder, Lederhosen Organizations: Service, AP, Associated Press, Bavarian Locations: Munich, Wall, Silicon, Germany, Germany's, Bavaria, China, Bad, Bavarian, Austrian, Germany's Saxony, North Rhine – Westphalia, Canada, Hindelang

AfD members sit in voting booths on the day of the European election assembly 2023 of the Alternative for Germany (AfD) in Magdeburg, Germany, July 29, 2023. Thursday's vote in Thuringia's parliament, when the far right, the conservative Christian Democrats and the pro-business Free Democrats combined to push through a tax cut against the wishes of the left-wing coalition, is the latest sign of change. But, highlighting the dilemma, the regional CDU leader Mario Voigt said such a course of action would effectively deprive him of the right to oppose. The party's regional leader, Bjorn Hoecke, is currently on trial for hate speech after uttering a slogan that stems from a Nazi chant. "We democrats have to stop the finger-pointing, sit down together and find a position that lives up to that responsibility."

Persons: Annegret, Germany's, Bodo Ramelow, Mario Voigt, Bjorn Hoecke, Stephan Kramer, Daniel Guenther, Thomas Escritt, Rachel More, Nick Macfie Organizations: REUTERS, Rights, Christian Democrats, Free Democrats, CDU, Frankfurter Allgemeine, Thomson Locations: Germany, Magdeburg, Rights ERFURT, Thuringia's, Thuringian, Sonneberg, Saxony, Anhalt, Thuringia, East Germany, West Germany, Brandenburg, Berlin, Schlweswig, Holstein

☆ AfD's Regional Budget Win Erodes German 'Firewall' Against Far Right
▼ + stars: | 2023-09-15 | by ( Sept. | At A.M. | ) www.usnews.com time to read: +3 min

By Thomas EscrittERFURT, Germany (Reuters) - The convention by which Germany's far right is kept far from government regardless of how many parliamentary seats it wins was dealt another blow on Thursday when its votes were used to defeat a regional government in a crucial budget bill. Thursday's vote in Thuringia's parliament, when the far right, the conservative Christian Democrats and the pro-business Free Democrats combined to push through a tax cut against the wishes of the left-wing coalition, is the latest sign of change. But, highlighting the dilemma, the regional CDU leader Mario Voigt said such a course of action would effectively deprive him of the right to oppose. The party's regional leader, Bjorn Hoecke, is currently on trial for hate speech after uttering a slogan that stems from a Nazi chant. "We democrats have to stop the finger-pointing, sit down together and find a position that lives up to that responsibility."

Persons: Thomas Escritt, Germany's, Bodo Ramelow, Mario Voigt, Bjorn Hoecke, Stephan Kramer, Daniel Guenther, Rachel More, Nick Macfie Organizations: Christian Democrats, Free Democrats, CDU, Frankfurter Allgemeine Locations: Thomas Escritt ERFURT, Germany, Thuringia's, Thuringian, Sonneberg, Saxony, Anhalt, Thuringia, East Germany, West Germany, Brandenburg, Berlin, Schlweswig, Holstein

CNN —As Germany’s far-right Alternative for Germany (AfD) grows ever popular, the country’s once dominant Christian Democratic Union (CDU) party finds itself at a crossroads. The center-right CDU was in power for much of Germany’s post-war era and oversaw the reunification of East and West Germany. Max Schwarz/ReutersBerlin’s CDU mayor, Kai Wegner, took to X to write: “What cooperation is there to be had? Populist parties as ‘lightning rods’The CDU’s Michael Kretschmer, state premier of Saxony, believes a shift in policy is the best approach for democratic parties to stop the rise of the far-right. Opinion polls in his state, one of the five that make up Germany’s former east, put the AfD in the lead; Saxony has long been a stronghold for the far-right party.

Persons: Angela Merkel, Friedrich Merz, shockwaves, Merz, Merz backpedaled, ”, Robert Sesselmann, Max Schwarz, Kai Wegner, Jörg, “, ” “, Kühne, ” Tino Chrupalla, John MacDougall, Merkel, it’s, sadi, Michael Kretschmer, Kretschmer Organizations: CNN, Christian Democratic Union, CDU, East, Social, Green Party and Free Democrats, ZDF, Reuters Berlin’s CDU, INSA, New, SPD, Greens, ARD, Bundestag, Getty, Federal Criminal Police, UN, UNHCR, “, Citizens Locations: Germany, West Germany, Sonneberg, Thuringia, Germany’s, Saxony, Leipzig, West, East Germany, East Germans, West Germans, Saxony Anhalt, Ukraine, Poland, Syria

☆ Data show inflation rising in some German states
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsBERLIN, Aug 30 (Reuters) - Inflation rose in four of six key German states in August, according to data released on Wednesday, casting doubt on a continuation of a national downward trend. The national data will be published at 1200 GMT. Data from Bavaria and Hesse showed that inflation eased modestly in those states to 5.9% and 6.0%, respectively. Bastian Hepperle, economist at Hauck Aufhaeuser Lampe Privatbank, said inflation in Germany was still expected to slow despite the mixed picture. However, inflation remains well above the European Central Bank target of 2% and core inflation, excluding volatile prices like food and energy, has been stubbornly high.

Persons: Chandon, Annegret, Bastian Hepperle, Hauck Aufhaeuser Lampe Privatbank, Price, Rachel More, René Wagner, Friederike Heine Our Organizations: Moet, REUTERS, Rights, Reuters, European Central Bank, Thomson Locations: Berlin, Germany, North Rhine, Westphalia, Germany's, Baden, Wuerttemberg, Brandenburg, Saxony, Bavaria, Hesse, Europe's, Ukraine

☆ The EU needs to act together in devising a semiconductor strategy, says Silicon Saxony
▼ + stars: | 2023-08-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe EU needs to act together in devising a semiconductor strategy, says Silicon SaxonyFrank Bösenberg of Silicon Saxony discusses the European semiconductor industry and what's next for the EU's strategy.

Persons: Frank Bösenberg, what's Locations: Saxony

The new legislation will limit the amount of cannabis young adults can buy to 30 grams a month, compared to 50 grams for older adults. Scholz's government had already watered down original plans to allow the widespread sale of cannabis in licensed shops after consultations with Brussels. Instead, it said would launch a pilot project for a small number of licensed shops in some regions to test the effects of a commercial supply chain of recreational cannabis over five years. Malta became the first European country to allow limited cultivation and possession of cannabis for personal use in late 2021. The legislation presented on Wednesday includes strict rules for growing weed - cannabis clubs of up to 500 associates must have burglar-proof doors and windows, with greenhouses fenced off.

Persons: Lisi Niesner, Chancellor Olaf Scholz, Karl Lauterbach, Lauterbach, Armin Schuster, Kristine Luetke, Sarah Marsh, Andreas Rinke, Angus MacSwan, Bernadette Baum Organizations: REUTERS, Rights, Scholz's Social Democrats, Free Democrats, Thomson Locations: Brandenburg, Berlin, Germany, Europe, Saxony, Brussels, Netherlands, Switzerland, Malta

Germany, which has been courting the world's largest contract chipmaker since 2021, will contribute up to 5 billion euros to the factory in Dresden, capital of the eastern state of Saxony, German officials said. "There is going to be a real ecosystem for semiconductor manufacturing in Germany," said economy minister Robert Habeck. VOTE OF CONFIDENCETSMC said it would invest up to 3.499 billion euros into a subsidiary, European Semiconductor Manufacturing Company (ESMC), of which it will own 70%. Semiconductor makers Intel (INTC.O) and Wolfspeed (WOLF.N) have already taken advantage of the subsidies on offer to set up shop in Germany. TSMC said in a statement after a board meeting that approved the German investment that it had also approved a capital injection of not more than $4.5 billion for the Arizona plant as part of the overall $40 billion investment.

Persons: Robert Habeck, TSMC, Germany's Bosch, Habeck, Ben Blanchard, Thomas Escritt, Louise Heavens, Mark Potter Organizations: Taiwan Semiconductor Manufacturing, European Union, Semiconductor Manufacturing Company, Infineon, Semiconductor, Intel, EU, Sony, Thomson Locations: Dresden, Arizona, TAIPEI, BERLIN, Germany, Europe, Taiwan, China, Asia, United States, Saxony, Netherlands, Ukraine, U.S, Japan

☆ Germany spends big to win $11 billion TSMC chip plant
▼ + stars: | 2023-08-08 | by ( ) edition.cnn.com time to read: +4 min

Taiwanese chipmaker TSMC on Tuesday committed 3.5 billion euros ($3.8 billion) to a factory in Germany, its first in Europe, taking advantage of huge state support for the $11 billion plant as the continent seeks to bring supply chains closer to home. TSMC said it would invest up to 3.499 billion euros into a subsidiary, European Semiconductor Manufacturing Company (ESMC), of which it will own 70%. The factory will cost around 10 billion euros in total. “There is going to be a real ecosystem for semiconductor manufacturing in Germany,” he said. TSMC said in a statement after a board meeting that approved the German investment that it had also approved a capital injection of not more than $4.5 billion for the Arizona plant as part of the overall $40 billion investment.

Persons: TSMC, Olaf Scholz, Michael Kretschmer, ” Kretschmer, Germany’s, NXP, Robert Habeck, ”, “ It’s Organizations: European Union, Intel, Taiwan Semiconductor Manufacturing, Germany, Semiconductor Manufacturing Company, Germany’s Bosch, Infineon, Semiconductor, EU, Sony Locations: Germany, Europe, Taiwan, China, Asia, United States, Dresden, Saxony, ” Saxony, Netherlands, Ukraine, Arizona, Japan

☆ TSMC to decide in favour of German factory on Tuesday - Handelsblatt
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +1 min

Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. REUTERS/Ann Wang/File PhotoBERLIN, Aug 7 (Reuters) - Taiwanese semiconductor manufacturer TSMC's (2330.TW) board of directors will decide in favour of building a factory in the German city of Dresden, the Handelsblatt daily reported on Monday, citing government sources. The German government will support the construction of the factory with 5 billion euros ($5.49 billion), according to the sources. TSMC, the world's largest contract chipmaker, has been in talks with the German state of Saxony since 2021 about building a fabrication plant, or "fab", in Dresden. It will operate the factory in a joint venture with partners Bosch (ROBG.UL), Infineon (IFXGn.DE) and NXP (NXPSM.UL), the sources told Handelsblatt.

Persons: Ann Wang, Bosch, Handelsblatt, Miranda Murray, Friederike Heine Our Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Infineon, European, Intel, Thomson Locations: Hsinchu, Taiwan, German, Dresden, Saxony, Berlin, Europe, Brussels

Interviews with seven doctors and two other potential users of Wegovy from Germany, where Novo Nordisk's (NOVOb.CO) weight-loss drug will become available at the end of July, show the office administrator isn't alone. Allianz (ALVG.DE) says it will pay if a physician diagnoses a medical need while Debeka said its plans exclude weight-loss treatments. In Germany, Wegovy will be administered with the same injection pen used in Norway and Denmark, not the one used in the United States to avoid hitting supplies there. "Patients are so desperate in Germany that they will pay out of their pocket for the medication." "My experience is that people will be able to pay for it out of (their own) pocket," said Horbach.

Persons: Doctor Thomas Horbach, Wegovy, Novo, Jessica Lenth, isn't, I've, Lenth, Debeka, Robert Koch, Danish drugmaker, Sylvia Weiner, Karl Rheinwalt, Thomas Horbach, Weiner, Rheinwalt, Juergen Ordemann, Michael Wirtz, Wirtz, Irina Ernstberger, Ernstberger, Ludwig Burger, Maggie Fick, Patricia Weiss, Josephine Mason, Catherine Evans Organizations: Novo Nordisk, FRANKFURT, Reuters, Allianz, European Union, Robert Koch Institute, Sana Klinikum, St, Hospital, Ozempic, Novo, Thomson Locations: Germany, Munich, LONDON, Hamburg, Wegovy, United States, Danish, Norway, Denmark, Sana, Frankfurt, St Franziskus, Hospital Cologne, Berlin's, Winsen, Lower Saxony, London

Papperger said on Thursday that factory workers would build and repair Rheinmetall’s Fuchs armored personnel carrier — named after the German word for fox — under license in the facility. Rheinmetall (RNMBF) will operate the plant in partnership with Ukroboronprom, a Ukrainian state-owned defense group, which will also own the facility. Julian Stratenschulte/picture alliance/Getty ImagesFormer Russian President Dmitry Medvedev, a close ally of current President Vladimir Putin, has said Russia would retaliate by hitting any facility Rheinmetall set up in Ukraine, Reuters has reported. For now, Papperger said, sourcing more ammunition was a bigger priority than building more tanks. In theory, he added, Rheinmetall could provide 60% of the artillery ammunition Ukraine needs.

Persons: Armin Papperger, “, ”, Papperger, Rheinmetall’s Fuchs, ” Armin Papperger, reconditioned Marder, Julian Stratenschulte, Dmitry Medvedev, Vladimir Putin, didn’t, — Nadine Schmidt, Claudia Otto Organizations: London CNN, Rheinmetall, CNN, Rheinische Post, Ukroboronprom, Getty, Former, Reuters, NATO Locations: Berlin, London, Ukraine, Russia, Germany’s, Ukrainian, Lower Saxony, Germany, Former Russian, Russian, Europe

☆ Lithium Scarcity Pushes Carmakers Into the Mining Business
▼ + stars: | 2023-07-02 | by ( Clifford Krauss | Jack Ewing | ) www.nytimes.com time to read: +1 min

Eager to avoid falling further behind Tesla and Chinese car companies, many Western auto executives are bypassing traditional suppliers and committing billions of dollars on deals with lithium mining companies. Without lithium, U.S. and European carmakers won’t be able to build batteries for the electric pickup trucks, sport utility vehicles and sedans they need to remain competitive. Established mining companies don’t have enough lithium to supply the industry as electric vehicle sales soar. General Motors plans for all its car sales to be electric by 2035. In the first quarter of 2023, sales of battery-powered cars, pickups and sport utility vehicles in the United States rose 45 percent from a year earlier, according to Kelley Blue Book.

Persons: won’t, Kelley Organizations: Western, General Motors Locations: Chile, Argentina, Quebec, Nevada, Michigan , Tennessee, Saxony, Germany, United States

☆ 300,000-year-old footprints are some of the oldest in Europe and show how our ancient ancestors co-existed with rhinos and elephants on lake and river shores
▼ + stars: | 2023-07-01 | by ( Kelly Burch | ) www.businessinsider.com time to read: +5 min

Three fossilized footprints belong to an extinct species of ancient humans dating back 300,00 years. The prints are among the oldest in Europe and are the oldest ever found in Germany. The fossilized prints were covered for millennia, until a mining company began clearing the area to access coal deposits. The fossilized prints of ancient humans and animals paints a picture of how these species may have co-existed. Researchers found the first ancient rhino print in EuropeThe human prints were surrounded by many more fossilized footprints from prehistoric animals.

Persons: —, paleobotany, Flavio Altamura, Benoit Clarys, Jordi Serangeli, Serangeli, Altamura, antiquus Organizations: Service, University of Tübingen, Senckenberg Locations: Europe, Germany, Lower Saxony, Heidelberg, Schöningen, Siberia, Asia

CNN —A candidate from the far-right Alternative for Germany (AfD) party won a local leadership post for the first time on Sunday in a resounding victory for a group whose anti-migrant, Euroskeptic and anti-Muslim agenda is under surveillance by German authorities. The AfD’s Robert Sesselmann triumphed over incumbent Jürgen Köpper of the conservative Christian Democratic Union (CDU) party to become district administrator of Sonneberg, in Thuringia, central Germany, at the weekend. “Unfortunately, it has not been a personal election as state elections have always been, it has become a pure party election,” he said. German Chancellor Olaf Scholz’s Social Democratic Party’s chairwoman Saskia Esken called the AfD victory in Sonneberg a “political dam-break” on Monday. Even though the move doesn’t apply to parent party AfD, it revealed a growing segment of young Germans united by extreme views on migration and anti-feminism.

Persons: Robert Sesselmann, Jürgen Köpper, Sesselmann, Köpper, ”, Olaf Scholz’s, Saskia Esken, Ricarda Lang, ” Lang, Mario Czaja, Steffen Hebestreit, ” Hebestreit, ‘, BfV, Martin Schutt, Hans Vorländer, ” Vorländer, Alice Weidel Organizations: CNN, Christian Democratic Union, CDU, Office, Statistics, Olaf Scholz’s Social Democratic, Green Party, Getty Locations: Germany, Thuringia, Thuringian, Sonneberg, Ukraine, Dresden, Berlin “, Saxony

Berlin has agreed subsidies worth nearly 10 billion euros with the U.S. chipmaker, a person familiar with the matter said, more than the 6.8 billion euros it had initially offered Intel to build two leading-edge facilities in the eastern city. "Today's agreement is an important step for Germany as a high-tech production location – and for our resilience," Scholz said after Monday's signing. Globally, semiconductor manufacturing is expected to become a trillion-dollar industry by 2030, expanding from $600 billion in 2021, according to McKinsey. Initially, Intel wanted to invest 17 billion euros in the Magdeburg plant, an amount that has nearly doubled to more than 30 billion. About 7,000 construction jobs will be created in the first expansion, plus around 3,000 high-tech jobs at Intel and tens of thousands of jobs across industry, the U.S. chipmaker said.

Persons: Olaf Scholz, Pat Gelsinger, Scholz, Israel, Dado Ruvic, Robert Hermann, Taiwan's TSMC, Tesla, Robert Habeck, chipmaker, Gelsinger, Maria Martinez, Riham, Christoph Steitz, Rachel More, Jason Neely, Sharon Singleton, Catherine Evans Organizations: Intel, Intel Intel, Germany's, U.S, AMD, Nvidia, Samsung, Union, McKinsey, REUTERS, Germany Trade, Invest, Reuters, Germany, Thomson Locations: Germany, Frankfurt BERLIN, STOCKHOLM, Magdeburg, Europe, Berlin, Saxony, Anhalt, EU, chipmaking, Poland, United States, South Korea, Taiwan, Frankfurt, U.S, Ireland, France, Asia

They are to be built on some of the 33,000 hectares (330 square km) of former coal mines in Lusatia by 2030. The plans are emblematic of the drive by Chancellor Olaf Scholz's government to accelerate the phase-out of coal power towards a carbon neutral economy by as early as 2030 versus the agreed target of 2038. Many of LEAG's 8,000 coal workers are expected to retire by 2030 or retrain in renewable energy. Only 18% of locals believe politicians are doing enough to counteract the consequences of the coal phase-out, a survey published in May by broadcaster rbb showed, while 70% worry electricity could become expensive. "It is fundamentally unrealistic that the coal phase-out can be achieved in 2030," Christine Herntier, mayor of the town of Spremberg, told Reuters.

Persons: LEAG, Chancellor Olaf Scholz's, Ute Liebsch, Liebsch, Knut Abraham, Abraham, rbb, Christine Herntier, Rainer Schiller, Schiller, Ben Schueppel, Ingolf Arnold, Matthias Williams Organizations: Green, Reuters, Park, Thomson Locations: Berlin, FORST, Germany, Czech, Lusatia, Brandenburg, Saxony, Spremberg, Herntier

☆ Rheinmetall to boost propellant powder production by up to 600 tons per year, CEO says
▼ + stars: | 2023-06-16 | by ( Sabine Siebold | ) www.reuters.com time to read: +2 min

REUTERS/Fabian Bimmer/File PhotoBRUSSELS, June 16 (Reuters) - Rheinmetall will ramp up production of propellant powder for ammunition at its plant in the Bavarian town of Aschau by 500 to 600 metric tons per year, adding some 10% to its current global capacity of more than 6,000 tons, its CEO Armin Papperger said. Rheinmetall (RHMG.DE) has already kicked off an investment programme with this goal, Papperger told Reuters in an interview late on Thursday. "You can only do it if you have a very, very large order of, for example, 800,000 artillery shells," Papperger said. "This is not a situation we find ourselves in, which means we are finding other ways such as expanding our powder plant in Bavaria." In January, Papperger told Reuters that Rheinmetall was considering building a new powder plant, possibly in the eastern German state of Saxony, but that the investment of 700-800 million euros would have to be footed by the government in Berlin.

Persons: Fabian Bimmer, Armin Papperger, Papperger, Sabine Siebold, Conor Humphries Organizations: Lynx, Rheinmetall, REUTERS, Reuters, Thomson Locations: Unterluess, Germany, BRUSSELS, Bavarian, Aschau, Bavaria, Saxony, Berlin, Ukraine

[1/3] German parliamentary group co-leaders of Alternative for Germany (AfD) party Alice Weidel and Tino Chrupalla attend a plenary session of the lower house of parliament, Bundestag, in Berlin, Germany May 25, 2023. In France, the far-right has become a stronger rival at the ballot box, while in Italy and Sweden, they are now are in government. Germany's domestic spy agency has branded the AfD's youth wing "extremist", saying it propagated "a racial concept of society". Some AfD initiatives have won backing from mainstream voters on the more local level. Wolfgang Buechner, a Scholz government spokesman, said he was confident the coalition could whittle away at AfD support.

Persons: Alice Weidel, Tino Chrupalla, Chancellor Olaf Scholz's, Stefan Marschall, Michael Kretschmer, Friederich Merz, Nancy Faeser, Marc Debus, Matthias Grahl, Wolfgang Buechner, Scholz, whittle, Sarah Marsh, Andreas Rinke, Madeline Chambers, Edmund Blair Organizations: Bundestag, REUTERS, Government, Chancellor Olaf Scholz's Social, University of Duesseldorf, Christian Democratic Union, CDU, Greens, Scholz's, Mannheim University, Thomson Locations: Germany, Berlin, BERLIN, Scholz's, Europe, France, Italy, Sweden, Nazi, Russia, Ukraine, Germany's, Saxony, Thueringen, Brandenburg, Bautzen

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