Foreign investment in Germany reaches new record

  • 📰 SaltWire Network
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Explore stories from Atlantic Canada.

Pro-Palestinian encampment at Dalhousie University - May 13, 2024 | SaltWire #news #halifax #protestBERLIN - Foreign companies announced record levels of new investment in Germany last year despite the economic downturn and high energy prices, according to an analysis published on Tuesday by the federal development agency Germany Trade and Invest .

The U.S. chip company Wolfspeed wants to spend 3 billion euros on a plant in Saarland. Apple wants to massively expand its European centre for chip design in Munich, planning to spend 1 billion euros. Three data centres in Berlin, Wustermark in Brandenburg and Hanau in Hesse are also set to exceed the billion euro mark.

"Worldwide, foreign direct investment fell by 2.6%, in Europe by as much as 7.4% and in Western Europe by 8.8%," said Hartig."So we are gaining market share."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 45. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Morning Bid: Recoiling oil and dollar sow calm as tech earnings loomExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »