Siemens profit surges despite energy woes FRANKFURT: German industrial giant Siemens on Thursday said large orders for trains boosted earnings in the third... Published 15 Aug, 2023 06:30am
Business & Finance Siemens Energy books $2.4bn in charges for wind turbine issues FRANKFURT: Siemens Energy on Monday said problems recently unveiled at its wind turbine unit would cost it 2.2... Published 07 Aug, 2023 10:59am
Business & Finance Siemens to invest $2.2bn to ramp up global production ZURICH: Siemens will spend 2 billion euros ($2.16 billion) on a new global investment plan, the German engineering... Published 15 Jun, 2023 12:30pm
Business & Finance Siemens profit triples on orders boost FRANKFURT: German industrial conglomerate Siemens raised its outlook for 2023 on Wednesday after second-quarter... Published 22 May, 2023 06:23am
Business & Finance Siemens Pakistan says it intends to sell energy portfolio Siemens (Pakistan) Engineering Company Limited (SIEM), an engineering conglomerate and financial services... Updated 13 Mar, 2023 03:49pm
Business & Finance Siemens to spin out motors and drives business as Innomotics BERLIN: Siemens AG said Wednesday that the spin-out of its motors and drives business would result in a wholly owned... Published 06 Mar, 2023 08:18am
Business & Finance Siemens signs 3bn euro train deal in India ZURICH: Siemens has signed a 3 billion euro ($3.25 billion) contract to supply and service freight trains in India,... Updated 16 Jan, 2023 06:34pm
Business & Finance Siemens Q4 profit beats view; sees persistent demand for hardware, software ZURICH: German engineering and technology group Siemens posted a better-than-expected fourth-quarter profit for its... Published 17 Nov, 2022 12:27pm
Business & Finance Siemens posts loss as energy spin-off struggles FRANKFURT: German industrial conglomerate Siemens said Thursday it had made a significant net loss as it counted the... Published 11 Aug, 2022 11:40am
World Construction starts on Egypt’s first, Russian-built nuclear plant CAIRO: Construction of a nuclear plant by Russia’s state-owned energy corporation Rosatom on Egypt’s north coast... Published 22 Jul, 2022 06:07am
Markets Russia's Gazprom tells Europe gas halt beyond its control LONDON: Russia's Gazprom has told customers in Europe it cannot guarantee gas supplies because of 'extraordinary'... Published 19 Jul, 2022 12:54am
Business & Finance Siemens and Nvidia collaborate to expand digital services ZURICH: Siemens has signed a partnership agreement with chip designer Nvidia Corp to create an industrial metaverse... Published 29 Jun, 2022 08:16pm
Business & Finance Siemens Mobility wins $8.7bn high-speed rail deal in Egypt BERLIN: Egypt has signed a contract with industrial manufacturing company Siemens’ rail and traffic unit and its... Published 29 May, 2022 05:50am
Markets Siemens Mobility wins $8.7 billion high-speed rail deal in Egypt BERLIN: Egypt has signed a contract with industrial manufacturing company Siemens’ rail and traffic unit and its... Published 28 May, 2022 10:17pm
Business & Finance Siemens profits down as it plans Russia exit FRANKFURT: German industrial conglomerate Siemens said Thursday its profits were cut nearly in half in the second... Published 12 May, 2022 01:11pm
Markets K-Electric awards $84mn EPC contract to Siemens Pakistan Project will enable company to import additional power of up to 800MW from the national grid from mid-2024 Published 06 May, 2022 01:08pm
Business & Finance Siemens orders surge sending shares higher ZURICH: Siemens saw a boom in first-quarter orders, the German engineering and technology group said on Thursday,... Published 10 Feb, 2022 02:33pm
Opinion Wind powers change in England’s industrial heartland On the banks of the River Humber in northern England, the winds of change are blowing through Hull, where factory... Published 07 Feb, 2022 05:22am
Business & Finance Siemens annual profits up despite supply chain snags FRANKFURT: German industrial giant Siemens reported a jump in yearly net profit on Thursday despite a fourth quarter... Published 15 Nov, 2021 05:16am
Business & Finance Siemens Energy proposes dividend on free cash flow gain MUNICH: Siemens Energy proposed on Wednesday to pay a dividend of 0.10 euros per share on the back of a strong... Published 10 Nov, 2021 12:01pm
Print ‘Suez Canal on rails’ — Egypt signs $4.5bn high-speed rail deal CAIRO: Egypt has signed a $4.45 billion deal for a high-speed electric rail line to link its Red Sea and... Published 02 Sep, 2021 04:34am
Markets Software consultancy firm Thoughtworks files for US IPO NEW YORK: Thoughtworks, a software consultancy company backed by Germany's Siemens AG, filed paperwork for a US... Published 23 Aug, 2021 06:20am
Business & Finance Siemens shrugs off supply chain woes to triple profits FRANKFURT: German industrial giant Siemens on Thursday raised its earnings forecast for the year as profits almost... Published 09 Aug, 2021 05:05am
Business & Finance Siemens raises profit guidance for third time after beating forecasts in latest quarter Net income for the year to the end of September is now expected to be in the range of 6.1 to 6.4 billion euros Published 05 Aug, 2021 11:23am
World Amtrak to spend $7.3bn on US rail upgrade, with $3.4bn on Siemens trains NEW YORK: Amtrak will invest $7.3 billion to upgrade US rail travel with more fuel-efficient trains and improved... Published 08 Jul, 2021 04:22am
Business & Finance Siemens raises growth target with digital drive Company to grow faster by combining real and digital worlds Three billion euro share buyback to be launched in October Published 24 Jun, 2021 01:12pm
Business & Finance Siemens ups outlook after tripling profit in Q2 BERLIN: German industrial giant Siemens said Friday that it was raising its earnings forecast for the current year... Updated 10 May, 2021 10:18am
Business & Finance After years of restructuring, Siemens makes change at the top "Siemens is in a better position today than a few years ago," Busch told the daily Sueddeutsche Zeitung in December, defending Kaeser's stewardship. Published 03 Feb, 2021 05:27pm
Markets European stocks flat MILAN/FRANKFURT: European stocks were largely flat on Wednesday due to losses in technology and mining sectors and ... Published 28 Jan, 2021 04:40am
Business & Finance Siemens reports stronger than expected results, to review outlook The trains-to-factory software maker said it would review its outlook for fiscal 2021 when it publishes its full earnings release on Feb. 3. Published 21 Jan, 2021 11:39pm
