German Business News Update – Oct 10th 2024

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

Today is October 10th 2024.

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

and here are today's top stories.

Solaris is planning to cut a third of its workforce, with about 240
employees affected. The hardest hit is its British
subsidiary, Contis. Meanwhile, a report from the IEA
forecasts that renewable energy could meet nearly half of global
electricity demand by 2030.

In the automotive sector, supplier ZF is facing serious
challenges, with one in three of its German plants at risk of
closure.

On the tech front, Google is under threat of being broken up
as the US Justice Department is considering drastic measures due to
the company’s market dominance.

Lastly, Deutsche Bahn is testing 5G technology to improve
train punctuality by 2027.

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

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