German industrial behemoth Siemens reports a drop in annual net profits.
Siemens pledges to expand its investment in Cambodia as a result of the country’s impressive economic growth.
Siemens and Alstom’s plan to create a European rail champion collapsed on Wednesday after EU regulators blocked the deal, prompting Germany and France
Siemens to accept defeat if the EU rejects its pleas to allow the combine with Alstom.
Siemens and Alstom’s plan to has failed to win over EU antitrust regulators.
Siemens announces plans to invest up to 600 million euros ($681 million) to create an industrial and technology hub in Berlin.
Local firms are encouraged to use Industry 4.0 developments to boost the use of “smart” technologies.