Germany’s Covestro goes into the red in second quarter

German manufacturer of high-tech polymer materials Covestro AG slipped into the red in the second quarter of the year. Covestro reported on Tuesday that its second-quarter net loss was €72 million (($77.9 million), compared to the previous year’s net i…

German economy shrinks slightly in second quarter

The German economy contracted slightly in the spring of 2024, with gross domestic product (GDP) falling by 0.1% in the second quarter compared to the previous quarter, according to preliminary data released by the Federal Statistical Office. On an annu…