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Siemens plans innovation centre outside Germany

Bloomberg Siemens AG is leaning towards building a 600 million euro flagship innovation center outside Germany, rather than in its historic stomping ground of Berlin, according to a person familiar with the matter. The engineering giant confirmed a report that it’s planning a complex called Siemens City, but a spokesman said the company hasn’t yet chosen a location. German news ...

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Foxtons to prioritise rentals as London property woes increase

Bloomberg Four years ago, Foxtons Group Plc was riding the crest of London’s housing wave as surging demand sent home values in the UK capital soaring. Since then, the estate agent’s share price has fallen by almost 90 percent as the city’s residents and landlords hold off on buying homes, while overseas demand remains damped by a series of tax ...

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Sweden’s economic growth accelerates

Bloomberg Sweden’s economic growth unexpectedly accelerated in the second quarter as consumer spending and exports picked up. Gross domestic product advanced 1.0 percent in the period, accelerating from a revised 0.8 percent in the first three months of 2018 and beating the 0.5 percent estimate in a Bloomberg survey of economists. GDP grew 3.3 percent from a year earlier. The ...

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