General Electric (GE) has announced that it is planning to cut up to 6,500 jobs in Europe and in those energy units it acquired from France’s Alstom last year. “The restructuring plan will touch several European countries and impact potentially 6,500 jobs out of 35,000,” a GE spokesman told AFP on Wednesday, confirming an earlier report in the L’Est Republicain newspaper. According... 

German Industrial machinery maker Siemens has said it will slash 7,800 jobs worldwide as part of a restructuring plan aimed at saving almost one billion euros (USD 1.14 billion). “In a drive to streamline administrative and overhead functions, about 7,800 jobs are to be cut worldwide, including some 3,300 in Germany,” the company said in a statement released on Friday. Joe Kaeser, the... 

An elevator every 30 seconds will be a feature of future skyscrapers, promises German tech giant ThyssenKrupp. They have unveiled technology that allows more than one car in a single shaft and the lifts can go sideways as well as up and down. The company says its invention will revolutionize modern architecture, because central blocks of elevator shafts, a necessary element of today’s buildings,... 

The NSA agency is not preoccupied solely with national security, but also spies on foreign industrial entities in US business interests, former American intelligence contractor, Edward Snowden, has revealed in an interview to German TV. Edward Snowden chose the German ARD broadcaster to make his first TV interview ever since he became a whistleblower. The interview was made in strict secrecy in an... 

Russian President Dmitry Medvedev hailed a decision by Germany’s Siemens AG to join his ‘Silicon Valley’ innovation project in Moscow’s Skolkovo suburb, run by billionaire Viktor Vekselberg. “We hope that the participation of German business will be very, very active in the big project to be realized in Skolkovo,” Medvedev told reporters in Yekaterinburg today after talks with German...