Siemens | Business| Economy and finance news from a German perspective | DW | 07.01.2014

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Siemens

Siemens AG is a German multinational and Europe's largest engineering company. Siemens and its subsidiaries employ approximately 360,000 people across nearly 190 countries.

Headquartered in the German cities of Munich and Berlin, Siemens' main activities are in the fields of industry, energy, transportation and healthcare.

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Siemens posts massive quarterly profit slump 08.11.2018

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.

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Siemens CEO wants a level playing field in Iraq 08.11.2018

Siemens Chief Executive Jo Kaeser has told DW he is not amused about US attempts to meddle with his company's deals in Iraq. The CEO also talked about the company's latest earnings results and ongoing restructuring.

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Siemens in Saudi Arabia - Chinese imports and exports surge in October - German exports weaker, imports stronger
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Berlin campus takes German engineering giant Siemens back to its roots 31.10.2018

The German engineering giant has unveiled plans to build a huge innovation campus in Berlin, harking back to its early days in the German capital and aiming to rival Silicon Valley in the United States.
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A survey of the world's largest public companies has shown that global spending on research and development has risen again this year. But those with the largest budget are not necessarily the most innovative firms.

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Siemens has become the latest business to pull out of an investment conference hosted by Saudi Arabia. Company boss Joe Kaeser announced his decision just a day before the event was due to kick off.
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Siemens CEO pulls out of Saudi investment conference over Khashoggi case 22.10.2018

The chief executive of the German industrial conglomerate, Joe Kaeser, will not attend the Saudi-organized Future Investment Initiative this week. He said his decision was "the cleanest" though not "the most courageous."
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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.
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Turkey is hoping for help from Germany in overcoming its economic crisis. A €35-billion high-speed rail project might speed up economic cooperation because business ties have remained stable, despite political tensions.
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