Business
Chinese firms increasingly replaced German imports with higher-value industrial and automotive parts, while Beijing introduced a tech-talent visa and routed steel capacity into car components.
Three major Chinese firms offered a €6,000 swappable‑battery electric car, further squeezing Mercedes, BMW and VW as their market share fell in China and the U.S.
Apollo Sports Capital acquired a majority stake in Atlético de Madrid on Monday, buying 57% of the club in a deal valuing it at about €2.5 billion.
Deloitte announced it would cut up to 100 consulting jobs, attributing the reductions to artificial intelligence changing staffing needs in the sector.
Warren Buffett wrote in a final letter to Berkshire Hathaway shareholders that he would "go quiet" and would accelerate transferring his fortune to his children's foundations.
German property prices surged in the third quarter of 2025, with apartment purchase prices and rents rising fastest in major cities, the Pfandbriefbanken index showed.
Austrian entrepreneur René Benko remained in custody in Innsbruck for two more months until mid-January and will face court on Dec. 10 on charges including fraud and breach of trust.
Pfizer paid about €10 billion to acquire biotech Metsera after rival Novo Nordisk withdrew its competing bid, a move that sent Novo Nordisk's shares higher.
Bottega, the Italian winemaker, announced it would pay each employee €1,250, saying the government's IRPEF tax cut was insufficient and should reward regular taxpayers.
Diageo named former Tesco boss Sir Dave Lewis as chief executive, saying he will take over on Jan. 1 to revive the FTSE 100 group's performance.
Rumble acquired German cloud operator Northern Data, aiming to take it private for up to €836 million, and is known for ties to right‑wing influencers and Truth Social.
