Profits fall at Germany's Daimler Truck

Profits fall at Germany’s Daimler Truck

BERLIN (DPA, CONVERSEER) – Commercial vehicle manufacturer Daimler Truck reported a fall in its third-quarter net profit on Friday. The German firm’s quarterly profit attributable to shareholders decreased to €434 million ($501 million) or €0.57 per share from €610 million or €0.77 per share in the same quarter last year. The firm said the group’s…

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Berlin approves measures to cut red tape

Berlin approves measures to cut red tape

BERLIN (CONVERSEER) – The German government on Wednesday signed off on a slew of measures aimed at reducing bureaucracy. The German Cabinet approved eight different proposals submitted by different ministries, according to the Ministry for Digitalisation and State Modernisation, which was specifically created by the new government earlier this year to tackle the massive amount…

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