Tourism boost expected from Gotthard tunnel – Chinese bid for German robot maker Kuka frowned upon in Berlin
The world's largest electric utility aims to acquire a stake in 50Hertz — a joint venture which owns a huge chunk of the German electricity grid. The plan is likely to stir controversy over China's influence.
In 2016, Chinese investors took over more companies in Europe than in the previous four years combined, most of them in Germany. The trend did not continue in 2017 but that was not due to any tightening of Chinese belts.
Chinese appliance firm Midea has announced it has launched a cash offer for a stake of 30 percent in German industrial robotics supplier Kuka. The takeover bid has stoked controversy in Germany and Europe.
Switzerland has a new masterpiece of engineering: On June 1, it inaugurates the world's longest rail tunnel. The Gotthard Base Tunnel brings northern and southern Europe even closer together.
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