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Gropyus secures €100m for expansion plan

  Bloomberg An Austrian startup that aims to streamline housing construction raised about €100 million in fresh cash from a group of investors led by Vonovia SE, Germany’s largest landlord. Gropyus AG will use part of the Series B funding to expand its factory in southwest Germany, according to Chief Executive Office Markus Fuhrmann. The Vienna-based company targets output of ...

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UK recession risks grow with record deficit, output slump

  Bloomberg British companies signaled output dropped at the fastest pace since the start of the pandemic as the government budget deficit widened to a record, adding to evidence that the economy probably has lurched into a recession. S&P Global said its index of sentiment from purchasing managers fell more sharply than expected in January, led by a deterioration in ...

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German indecision on supplying tanks to Kyiv sows discontent

Bloomberg Chancellor Olaf Scholz’s cautious approach to sending Leopard battle tanks – or allowing other countries to export their own stocks of the German-made military vehicles – to Ukraine is confusing allies and creating splits within his own government. Three Baltic states over the weekend called on Germany as Europe’s leading power to quickly change course. An adviser to Ukrainian ...

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