Source link Berlin remains highly dependent on Beijing for various products and raw materials, data shows It would take decades for German businesses to end their reliance on imports from China, the chief financial officer of industrial giant Siemens told the Financial Times on Sunday. Last year Berlin drew up a strategy that policymakers called […]
Source link The German industrial giant took a €600 million hit, according to its annual report German multinational conglomerate Siemens has revealed it suffered losses of €600 million ($650 million) as a result of its decision to leave the Russian market amid Western pressure and Ukraine-related sanctions on Moscow. In its report for the fiscal […]