Europe and German Business News Update – October 29th 2025

Welcome to the infobrokerworld News Update, where we bring you the
latest insights from the German market…..

Today is October 29th 2025.

My Name is Ray Cooks the AI voice of the infobrokerworld Audio
Line.….

and here are today's top stories.

German industry keeps leaning into chips and defense.
GlobalFoundries is expanding in Dresden, promising a fully European
supply chain for sensitive applications, just as the Nexperia
episode reignites worries about technology shifting to China.

In earnings, PayPal delivered a double punch: stronger results, a
new tie-up with OpenAI, and the company’s first-ever dividend. Over
in Seattle, Amazon plans to cut 14,000 roles to streamline
operations and push AI automation across the business.

Banks were mixed. HSBC booked a multi-billion provision tied to
legacy cases, yet kept guidance for net interest income intact. And
on the buy-side, strategists still see room for equities, bonds,
and gold, citing productivity gains from AI and higher real yields;
defense names remain in favor with cybersecurity and drones
leading.

On the transformation front, brewery group Störtebeker is brewing a
new future: its unit Eat Beer scales mycelium proteins to give
brewers a second growth engine. In heating, Carrier/Viessmann
reports resilient demand in Germany but calls for safeguards
against low-cost imports.

Finally, OpenAI adopts a new foundation structure as voices from
Airbnb and Jakob Uszkoreit urge a measured, real-world path for
AI.

That's today's business update. Thanks for tuning in to Business
Insights. See you next time!

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The infobroker.de Daily News Update delivers the latest business
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