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Siemens CEO pushes plans to boost Iraqi power infrastructure

Siemens CEO pushes plans to boost Iraqi power infrastructure

FRANKFURT (Reuters) – Siemens (SIEGn.DE) said its boss Joe Kaeser met Iraq’s prime minister on Sunday to discuss a proposal by the German company to expand the Middle East nation’s power production. The German engineering group said it was proposing a deal to add 11 gigawatt (GW) of capacity over four years, saying this would [...]

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Siemens nears multi-billion euro deal in Iraq: Handelsblatt

Siemens nears multi-billion euro deal in Iraq: Handelsblatt

FRANKFURT (Reuters) – German engineering group Siemens (SIEGn.DE) is working on a deal worth up to 9 billion euros ($10.6 billion) to supply energy generation technology to Iraq, business daily Handelsblatt reported, citing government and industry sources. Siemens Chief Executive Joe Kaeser has traveled to Iraq to secure a memorandum of understanding with the country [...]

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Asian firms shuffle production around the region as China tariffs hit

Asian firms shuffle production around the region as China tariffs hit

SEOUL/TOKYO (Reuters) – A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of U.S. President Donald Trump’s tariffs on Chinese imports. Companies including SK Hynix of South Korea and Mitsubishi Electric, Toshiba Machine [...]

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