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Lord Mayor Markus Ibert of Lahr, Germany, thanked Belleville for a warm sister-city welcome at a City Hall luncheon Wednesday saying it was important that longtime friends stay in close personal contact.
[the conflict between Russia and Ukraine hits the heart of the European economy: the German industrial giant is teetering] over the past two years, German industry has been struggling to extricate itself from the pandemic and unprecedented supply chain challenges. today, the "dawn at the end of the tunnel" has yet to emerge. The sudden conflict between Russia and Ukraine could be even more deadly: the crisis is rapidly threatening Germany's once proud car, chemical and precision machinery manufacturers, and the locomotive of the European economy is likely to face the risk of der...
Germany’s industrial base, just emerging from the COVID-19 pandemic and unprecedented supply chain challenges, is taking another beating with Russia’s war in Ukraine hitting its powerhouse vehicle, chemical and precision-machinery manufacturers. As the conflict pushes energy costs to new heights and a wave of inflation builds, scores of companies, including BMW AG, BASF SE and ThyssenKrupp AG, have warned that their earnings would slip, while others declined to offer a prediction. Economists have slashed growth forecasts. “If the war drags on, it would seriously threaten a world order th...
Companies just emerging from pandemic challenges take another beating with Russia's war on Ukraine
(Bloomberg) -- Germany’s industrial base, just emerging from pandemic and unprecedented supply-chain challenges, is taking another beating with Russia’s war on Ukraine hitting its powerhouse car, chemical and precision-machinery manufacturers.