German tax revenues rise 0.5% in October, finance ministry says

Germany's Renk has raised its midterm revenue guidance, anticipating growth driven by increased demand for military equipment in Europe, particularly fighting vehicles. The company expects this growth to accelerate from 2028.

German football team FC Schalke 04 is raising €75 million ($86 million) through a private placement that includes an interest rate sweetener contingent on the club's promotion to the top division of German football.

European chipmakers are seeking assistance from TSMC to enhance their semiconductor supply chain. However, TSMC's Taiwanese suppliers face challenges operating in Europe. In response to the growing demand for domestic chip production, TSMC plans to collaborate with European chipmakers to establish a factory near Dresden, Germany.

Arri Group has announced plans to cut 150 jobs and close two of its locations in Germany. This decision reflects the company's ongoing efforts to streamline operations amid challenging market conditions. The job cuts are part of a broader strategy to enhance efficiency and reduce costs, as the company navigates a competitive landscape in the film and television industry. The closures are expected to impact local economies and the workforce significantly.

Heidrick & Struggles has successfully navigated significant antitrust challenges in the United States, Germany, and Australia, paving the way for its merger. This development marks a crucial step in the consolidation of the company, which specializes in executive search and consulting services. The clearance from regulatory bodies in these key markets indicates a positive outlook for the merger, potentially enhancing Heidrick & Struggles' competitive position in the global market.