Germany’s top diplomat sees progress in China rare earth talks
Relations between Germany and China have been strained since Merz took office in May promising to take a tougher line with Beijing.
GE acquires Alstom's power and grid business for US$16.9 billion
General Electric (NYSE:GE) will now own Alstom's power grid business, the French company's gas and steam turbine-making operations. Announced today the all-cash totaling $16.9 billion transaction values the acquired business units at 7.9 times earnings before interest, taxes, depreciation and amortization....
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