As a share of US GDP, the manufacturing sector has decreased from a nearly 25% peak in the 1950s to about 11% today.
Our daily email brings you smart and engaging news and analysis on the biggest stories in business and finance. For free.
Germany’s blue chip DAX has hit new highs all month and is up 11% on the year, besting the S&P 500’s 2.5%.
Aside from the Cybertruck, the company hasn’t had a new mass market model since 2019 when it first unveiled its popular Model Y.
The German government launched an internal probe to figure out how it was blindsided by UniCredit staking a major position in Commerzbank.
The Group of Seven countries are forming a group that will rejigger the semiconductor supply chain and lay out new subsea internet cables.
Hundreds of aviation startups are funneling billions of dollars toward what they hope will be a new form of low-emission air travel.
With demand cratering at home, the country’s top businesses are attracted to America’s growing economy and incentives.
Germany’s position as an economic and industrial powerhouse has been compromised after a decade of monetary success.
The European Space Agency has contracted Elon Musk’s SpaceX to launch navigation satellites next year, The Wall Street Journal reported.
Despite widespread monetary rain clouds pushing up the cost of beer and food, drinkers are showing up in record numbers to Oktoberfest.