Weak government support and lack of skilled workers are putting the brakes on a revival of manufacturing in Britain.
German engineering conglomerate Siemens has announced it's drastically scaling back its business operations in Iran. It's yet another German company to cave in after the United States reimposed sanctions on Tehran.
The German economy is powered by products sold the world over. The strength of Europe's powerhouse depends on outbound shipments. We take a look at one of its latest exports and reveal the secrets behind its success.
Europe's rail giants have joined forces with a Malaysian firm to bid for a train project connecting Malaysia and Singapore. Together, they want to take on Asian rivals like China's state-owned CRRC.
The German engineering giant is expecting bumper profits in the wake of a massive restructuring that will also cut thousands of jobs. But Siemens believes a new, leaner structure is vital for long-term growth.
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