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Containers of the Hapag-Lloyd shipping company are pictured at the Valparaiso port, Chile November 24, 2022. Chief Executive Rolf Habben Jansen said there were signs of recovery in spot freight rates and loadings. Shares in Hapag-Lloyd, the world's fifth-largest shipping line, were 2.9% down at 187.5 euros in early trade. Its first half revenues were 41% lower at 10.0 billion euros. EBITDA is expected to be between 4 billion and 6 billion euros.

Persons: Rodrigo Garrido, EBIT, Lloyd, Rolf Habben Jansen, Vera Eckert, Friederike Heine, Kim Coghill, Barbara Lewis Organizations: Lloyd, REUTERS, Companies, Maersk, CMA CGM, Reuters, Thomson Locations: Valparaiso, Chile, FRANKFURT, Hapag, North America, Ukraine

☆ Mexican woman's body found in Berlin canal, autopsy planned
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +2 min

A general view shows the skyline of Potsdamer Platz square and the Leipziger Strasse street in Berlin, Germany, November 6, 2018. REUTERS/Fabrizio Bensch/File photoFRANKFURT, Aug 6 (Reuters) - Police in Berlin said on Sunday that an autopsy would be the next step in clarifying the circumstances of the death of a 24-year-old Mexican woman who disappeared at the end of July and whose body was found on Saturday. The cause of the death will be clarified in the course of an autopsy," a police spokesperson said. The case has drawn attention in Mexico, including President Andres Manuel Lopez Obrador saying earlier in the week that he would ask the German president to bolster the search for Sanchez. A few days after the woman's disappearance, Berlin police said in a statement that there were "indications" that the woman was "in an exceptional psychological situation."

Persons: Fabrizio Bensch, Maria Fernanda Sanchez, Andres Manuel Lopez Obrador, Sanchez, María Fernanda, Vera Eckert, Adriana Barrera, Grant McCool Organizations: REUTERS, Police, Interpol, Mexican Foreign Ministry, Thomson Locations: Potsdamer, Berlin, Germany, FRANKFURT, Adlershof, Mexico, Mexican

☆ Daimler Truck CFO Jochen Goetz dies in 'tragic accident'
▼ + stars: | 2023-08-06 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO: Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo/File Photo/File PhotoFRANKFURT, Aug 6 (Reuters) - Daimler Truck's (DTGGe.DE) Chief Financial Officer Jochen Goetz has died in a "tragic accident," the company said on Sunday. Goetz spent his entire professional career, spanning more than 36 years, in the Daimler Group, and was largely responsible for the successful spin-off of Daimler Truck Holding from what is now the Mercedes-Benz Group (MBGn.DE) in December 2021. "He played a key role in shaping today's Daimler Truck company and, as CFO, consistently worked to ensure that the company is now more economically successful than ever before," Chief Executive Martin Daum said. The company statement said Goetz had been distinguished by "his high level of professionalism as well as his positive, hands-on manner".

Persons: Fabian Bimmer, Jochen Goetz, Goetz, Martin Daum, Joe Kaeser, Vera Eckert, Andrew Cawthorne, Barbara Lewis Organizations: Daimler, IAA, REUTERS, Daimler Group, Daimler Truck Holding, Mercedes, Benz Group, Siemens, Thomson Locations: Hanover, Germany

☆ Lebanon seeks to reassure Gulf, Germany after travel warnings
▼ + stars: | 2023-08-05 | by ( ) www.reuters.com time to read: +2 min

Saudi Arabia, Kuwait, Germany and Britain updated their travel warnings amid clashes between rival armed groups in the Palestinian camp of Ain el-Hilweh in Lebanon's south. The Saudi embassy on Friday urged its citizens to leave Lebanon quickly and avoid areas where there have been armed clashes. The Saudi statement on X, formerly known as Twitter, stressed "the importance of adhering to the Saudi travel ban to Lebanon". Last week, Germany warned citizens not to travel to Palestinian camps in Lebanon, among other areas. Reporting by Maya Gebeily in Beirut and Vera Eckert in Germany; editing by Giles ElgoodOur Standards: The Thomson Reuters Trust Principles.

Persons: Najib Mikati, Mikati, Abdullah Bou Habib, Fatah, Ain, Maya Gebeily, Vera Eckert, Giles Elgood Organizations: Saudi, Saturday, United Nations, Thomson Locations: BEIRUT, Germany, Saudi Arabia, Kuwait, Britain, Ain el, Lebanon's, Lebanon, Saudi, Palestine, Beirut

☆ UAW Demands 40% Pay Hike in Labor Talks With Detroit Automakers
▼ + stars: | 2023-08-03 | by ( Nora Eckert | Ryan Felton | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: uaw, detroit

☆ UAW Says Costly EV Transition Won’t Change Union’s Demands
▼ + stars: | 2023-08-02 | by ( Nora Eckert | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 1561a725 Organizations: uaw

Companies Uniper SE FollowGazprom PAO FollowDUESSELDORF, Aug 1 (Reuters) - Uniper (UN01.DE) announced plans on Tuesday to triple its green investments in the coming years as it confirmed strong financial results in the first half driven by favourable market conditions in a turnaround for Germany's bailed-out utility. Uniper said it would invest 8 billion euros ($8.79 billion) through 2030 for its green transformation alone, triple its average annual investments of the past three years. In May, it flagged profits of more than 2 billion euros expected from hedging its gas supply commitments. Expecting no further financial losses from procuring replacement gas volumes, Uniper said on Tuesday no further capital increases from the German state would be necessary. Its credit line from the KfW state lender has been reduced ahead of schedule to 11.5 billion euros from 16.5 billion euros, the company said.

Persons: Germany's, Uniper, Michael Lewis, Vera Eckert, Rachel More, Friederike Heine, Muralikumar Organizations: Gazprom, Thomson

☆ Ford Raises Profit Forecast Despite Steeper EV Losses
▼ + stars: | 2023-07-27 | by ( Nora Eckert | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

FRANKFURT/LONDON, July 26 (Reuters) - German industry is finding new ways to transport cargoes from coal to chemicals as increasingly frequent low water levels on the Rhine disrupt Europe's largest economy. At Kaub , the critical chokepoint for Rhine barges, water levels fell to their lowest this year earlier this week. ARTERY OF THE ECONOMYThe impact of low water levels is not limited to big business. But logistics firms are benefiting from rising demand for vessels adapted to lower river levels. "We expect, due to climate change, that the extremes on the river Rhine will happen more often," said Maickel Uijtewaal, general manager at Stolt-Nielsen (SNI.OL).

Persons: Uwe Arndt, Barbara Hoyer, majeure, Roberto Spranzi, Maickel Uijtewaal, Steffen Bauer, Christoph Steitz, Vera Eckert, Ludwig Burger, Patricia Weiss, Rene Wagner, Nette, Tom Kaeckenhoff, Matthias Inverardi, Vincent Flasseur, Barbara Lewis Organizations: Federal Waterways, Shipping Agency, Reuters Graphics, Cologne, BASF, Reuters Graphics Reuters, Kiel Institute, Deutsche Bank, Reuters, Stolt, Nielsen, HGK Shipping, Daniels, Midland Co, Chemicals, Thomson Locations: FRANKFURT, LONDON, Kaub, Europe, Reuters Graphics Germany, Ludwigshafen, HGK, Frankfurt, Berlin, Duesseldorf, London

☆ Ford Cuts Price of F-150 Lightning Electric Truck by Up to $10,000
▼ + stars: | 2023-07-17 | by ( Nora Eckert | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Tom Cruise’s New ‘Mission: Impossible’ Falls Short of Other Summer Hits
▼ + stars: | 2023-07-17 | by ( Nora Eckert | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Call of Duty Will Stay on PlayStation After Microsoft-Activision Deal
▼ + stars: | 2023-07-16 | by ( Sarah E. Needleman | Nora Eckert | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: microsoft, activision

☆ Tesla Begins Cybertruck Production After Yearslong Wait
▼ + stars: | 2023-07-15 | by ( Nora Eckert | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

FRANKFURT/LONDON July 13 (Reuters) - Energy majors BP (BP.L) and TotalEnergies (TTEF.PA) have won a 7 gigawatt (GW) offshore wind site auction in Germany worth a record 12.6 billion euros ($14.1 billion), allowing them entry to the central European market without a partnership. The awards for capacity due to come online in 2030 also excluded leading offshore wind developers, such as RWE (RWEG.DE) and Orsted (ORSTED.CO). AUCTION DESIGNThe 7 GW electronic auction officially opened in January and bidders had until June 1 to submit offers. In previous German lease auctions, companies have made low or negative bids with the expectation of subsidies from the state. Industry groups have said the high costs of the leases could drive up the cost of offshore wind projects.

Persons: Bundesnetzagentur, Bernstein, WindEurope, Orsted, Norway's, TotalEnergies, Vera Eckert, Susanna Twidale, Christoph Steitz, Ron Bousso, Nora Buli, Nina Chestney, Barbara Lewis Organizations: Energy, BP, Industry, Thomson Locations: FRANKFURT, Germany, Macquarie, England, Danish

☆ UAW Nixes Symbolic CEO Handshakes as Auto-Industry Labor Talks Begin
▼ + stars: | 2023-07-12 | by ( Nora Eckert | Ryan Felton | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: uaw

Companies Bp Plc FollowTotalEnergies SE FollowFRANKFURT/LONDON, July 12 (Reuters) - Oil majors BP (BP.L) and TotalEnergies (TTEF.PA) emerged as the winners in a 7 gigawatt (GW) offshore wind site auction in Germany worth 12.6 billion euros ($13.96 billion), highlighting the appeal of renewable assets across Europe. "The results confirm the attractiveness of investments in offshore wind power in Germany," said Klaus Mueller, president of Germany's energy regulator Bundesnetzagentur. Analysts at Jefferies noted the high price for the auction, adding that it implied "high interest in European offshore wind sites from energy companies/developers". BP won the rights to develop two projects, marking its entry into offshore wind in continental Europe and representing 4 GW out of the total, it said in a separate statement. "This is a significant milestone for BP, showing our commitment to transitioning into an integrated energy company," BP head of offshore wind Matthias Bausenwein said.

Persons: Klaus Mueller, Matthias Bausenwein, Patrick Pouyanne, TotalEnergies, Vera Eckert, Christoph Steitz, Ron Bousso, Friederike Heine, Sharon Singleton, Chris Reese Organizations: Bp, Oil, BP, Jefferies, Federal, Thomson Locations: FRANKFURT, LONDON, Germany, Europe, Heligoland, Baltic, Ruegen, TotalEnergies, Frankfurt, London

☆ Germany more flexible on hydrogen transition, emphasises speed - draft
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, July 12 (Reuters) - Germany is set to hold on to its hydrogen economy goals up to 2030 and beyond while pressing for speed and allowing greater leeway in transitioning from fossil fuels-based variants to renewables, a draft paper showed on Wednesday. The draft was seen by Reuters while being presented to the national hydrogen council prior to assessment and adoption by the Berlin cabinet. It will become a 2023 strategy update guiding stakeholders in production, transport and wholesale markets as well as infrastructure investors. The coalition government in 2021 installed a target of 10 gigawatts (GW) of green hydrogen production by 2030, which can receive direct financial support, doubling previous ambitions. There would be greater tolerance of fossil- and nuclear-derived hydrogen, partly with carbon sequestration until such time as renewables could fully meet hydrogen demand, Germany's draft paper said.

Persons: Vera Eckert, Christian Kraemer, Markus Wacket, Devika Organizations: Europe's, Reuters, EEX, Thomson Locations: FRANKFURT, Germany

☆ Auto Sales Defy Gloomy Forecasts
▼ + stars: | 2023-07-05 | by ( Nora Eckert | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ U.S. New-Vehicle Sales Rise an Estimated 13% in First Half of the Year
▼ + stars: | 2023-07-05 | by ( Nora Eckert | ) www.wsj.com time to read: 1 min

Persons: Dow Jones

☆ Ford Plans to Lay Off at Least 1,000 Contract and Salaried Workers
▼ + stars: | 2023-06-27 | by ( Nora Eckert | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Ford Plans to Lay Off at Least 1,000 Contract, Salaried Workers
▼ + stars: | 2023-06-27 | by ( Nora Eckert | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Ford Venture Gets Record $9.2 Billion Government Loan for EV Batteries
▼ + stars: | 2023-06-22 | by ( Amrith Ramkumar | Nora Eckert | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Organizations: ev

☆ Ford Prepares New Round of Layoffs for U.S. Salaried Workers
▼ + stars: | 2023-06-22 | by ( Nora Eckert | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ Ford, Tesla CEOs Exchange Jabs and Praise Amid Heated EV Rivalry
▼ + stars: | 2023-05-07 | by ( Nora Eckert | Rebecca Elliott | ) www.wsj.com time to read: 1 min

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