ROUNDUP: Hydrogen projects drive business at Thyssenkrupp Nucera

DORTMUND - Electrolysis specialist Thyssenkrupp Nucera remains on growth track. In the first nine months of fiscal 2022/2023 (ended June), sales climbed 79 percent year-on-year to 493 million euros, the plant engineering subsidiary of industrial group Thyssenkrupp reported Monday in Dortmund. The company stressed that sales in water electrolysis had increased almost tenfold to 240 million. In the third quarter alone, 110 million euros had been earned in this area, it said.

SPD faction leadership wants to severely limit rent increases

BERLIN - The leadership of the SPD parliamentary group is advocating a stronger limitation of rent increases. In a resolution paper for the faction retreat early this Monday and Tuesday, which is available to the Deutsche Presse-Agentur and the "Bild am Sonntag", there is talk of a "nationwide rent freeze". Concretely, however, it is only demanded that rents in strained residential areas may rise in three years by a maximum of six percent and also not above the local comparative rent.

Circles: 3M to pay only 5.5 billion U.S. dollars in ear plug dispute

NEW YORK - U.S. conglomerate 3M could get off more lightly than some experts had feared in the dispute over allegedly defective ear plugs for the United States military. The company has tentatively agreed to put more than $5.5 billion on the table to settle more than 300,000 lawsuits, the Bloomberg news agency reported Sunday, citing people familiar with the agreement. Some analysts had estimated the cost of a settlement at about $10 billion. A 3M spokesman told the agency it does not comment on rumors and speculation./he

Competition Commission to probe Credit Suisse takeover by UBS

ZURICH - The Swiss Competition Commission (Weko) could impose conditions on the takeover of major bank Credit Suisse by UBS even after the fact, according to a press report. The competition watchdogs are currently examining the takeover and conducting hearings. This was confirmed by a Weko spokesman to the news agency AWP on Monday. Earlier, the "Handelszeitung" had reported online. The Weko will send its statement to the financial market supervisory authority Finma at the end of September, Weko director Patrik Ducrey announced. Ducrey did not want to say anything about the question of whether and, if so, what conditions the Weko will recommend to Finma.

ROUNDUP: Asterion also wants to look at 'other things' after Steag takeover

ESSEN - Spanish investor Asterion wants to keep its eyes open on the German market after the planned takeover of energy company Steag. "Yes, we are interested in looking at other things," Asterion partner Nicole Hildebrand said Monday in Essen. She did not give further details.

ROUNDUP 2: No indefinite strike at Deutsche Bahn after EVG strike vote

BERLIN - There is no threat of an indefinite strike at Deutsche Bahn in the next few weeks. In the ballot of the rail and transport union EVG, less than 50 percent of the participants in the vote were in favor of such an industrial action, as the Deutsche Presse-Agentur learned on Monday on the sidelines of a meeting of the executive EVG board. An approval of 75 percent would have been necessary for an indefinite strike.

ROUNDUP/Özdemir: Climate crisis increasingly turns harvests into lottery game

BERLIN - German Agriculture Minister Cem Özdemir sees increasing climate risks for harvests in Germany as well. Agriculture has always been outdoor farming, and farms have been able to cope with weather fluctuations, the Green Party politician said Monday when presenting the first official data on the 2023 harvest. "But the new normal looks different: Extreme weather as a consequence of the climate crisis is increasingly turning our harvests into a lottery game." This, he said, is evident from long periods of heat and drought and, on the other hand, severe weather with rain, hail and storms. Farms are increasingly having to deal with this.

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ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.

/stk