Siemens To Spin Off Its Gas And Power Unit, Cut More Than 10,000 Jobs

Siemens AG (SIEGY.PK, SMAWF.PK) said it would spin off its Gas and Power business, cut about 10,400 jobs and create about 20,500 new jobs by 2023. The company will create new major player on the energy market with business volume of 30 billion euros and over 80,000 employees through spinoff of Gas and Power, and transfer of the company’s stake in renewable energies company SGRE stake.
RTT – Top Story


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Alphabet unit halts glucose-detecting contact lens project

Alphabet Inc’s life sciences division Verily said on Friday that it was putting on hold one of its oldest and highest-profile projects, a smart contact lens designed to help monitor sugar levels.

Reuters: Technology News


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Daimler Q3 Results Weak; Sees Lower EBIT, Higher Revenues & Unit Sales In FY18

Shares of Daimler AG (DDAIF.PK) were gaining around 3 percent in German trading after the automaker on Thursday said it expects slight increase in fiscal 2018 revenues and unit sales. The company is also confident for the fourth quarter with continued high demand.
RTT – Earnings