German chipmaker Infineon to cut hundreds of jobs

German semiconductor manufacturer Infineon confirmed on Wednesday that it would cut hundreds of jobs in the Bavarian city of Regensburg as part of a previously announced cost-cutting programme. The move comes after Infineon on Tuesday lowered its forec…

Insurance giant Munich Re sees surge in Q1 profits

German insurance giant Munich Re reported a rise in profits in the first quarter of this year on Wednesday. The group has also reaffirmed its outlook for annual earnings in the current year. Christoph Jurecka, chief financial officer of Munich Re, said…