German electrical giant Siemens says profits for the last quarter slumped 46 percent. Thousands of jobs have been slashed and the "power and gas" branch is being restructured.
Volkswagen has seen net profits for the third quarter of 2018 more than double from the same period last year. The figures suggest that VW is pulling itself out of crisis following its emissions-cheating scandal.
The Irish low-cost carrier has slashed its profits forecast and signaled job losses in the Netherlands and Germany, saying worse may come if recent coordinated strikes across Europe continue to hit traffic and bookings.
German industrial giant Siemens has signed an informal deal to supply electricity to Iraq. There was a similar deal for US competitor General Electric, reportedly after intervention from the White House.
Poland is replacing its Russian gas with imports from the US and Norway. The move could help cement US military security promises, but what price is Warsaw willing to pay as Berlin goes ahead with its Russian gas plans?
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