"Chancellor Friedrich Merz visited the eastern German state of Saxony on Tuesday, where he welcomed a billion-euro US investment in semiconductor production. Chancellor Friedrich Merz visited Saxony on Tuesday, where he welcomed US investment in semi-conductor production.Image: Jens Schlueter/AFP/Getty Images Skip next section What you need to know Chancellor Friedrich Merz visited Dresden, in the eastern state of Saxony German households saving 10% of their total earnings each month, according to new study"
"Some of Germany's biggest companies released their third quarter results on Wednesday, with sportswear giant Adidas reporting a slight increase and Deutsche Bank announcing a record quarterly profit. In Bavaria, Adidas said a 23% increase in operating income to 736 million ($856 billion) had only produced a 3% increase in net profit, at 482 million, blaming currency and inflation effects and higher taxes."
Chancellor Friedrich Merz visited Dresden in Saxony and welcomed a billion-euro US investment to expand semiconductor production. German households are saving 10% of their total earnings each month according to a new study. Germany beat France to reach the final of the UEFA Women's Nations League. Adidas reported a 23% increase in operating income to 736 million but only a 3% rise in net profit to 482 million, citing currency, inflation and higher taxes. Deutsche Bank posted a record 2.4 billion pre-tax profit for Q3 and 4.8 billion for the first nine months. Mercedes-Benz saw net profit drop 30.8% to 1.19 billion amid US tariffs and increased competition from China.
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