Stories from Munich · Germany

A German court has handed down the longest prison sentence to date for tax evasion, involving a major tax scandal.

German companies have been found to have colluded on pricing. This anti-competitive behavior was reported by German news outlets. The companies involved face fines. The full scope of the alleged collusion is still under review.

Four German citizens have been quarantined following exposure to Hantavirus. The incubation period for Hantavirus can be up to 5-8 people. Scientists are studying the virus, with one researcher having previously received federal funding for hantavirus studies.

The German construction sector's revenue increased significantly from 500 million Euros in 2021 to over 1.3 billion Euros last year. Revenue in Germany's construction sector has surged significantly.

Siemens Energy has raised its financial outlook for the year, citing record orders. This adjustment is driven by a surge in record orders. This positive development follows a period of order intake.

Siemens Energy is accelerating its share buyback program, valued at one billion euros. The company's decision is reportedly driven by a boom in its business. The company is based in Munich, and the move signals confidence in its financial outlook. The company aims to repurchase shares worth up to 1 billion euros. The accelerated buyback aims to return value to shareholders. This positive revision reflects increased demand for its energy technology solutions. This positive development follows a period of order intake. Further details on the order backlog were not immediately provided. This adjustment is attributed to a record volume of new orders received by the company. The source did not provide specific figures for the orders or the revised outlook. The company's revenue in 2022 surpassed 1.3 billion Euros, a increase from 500 million Euros in 2021.

A financial commission has proposed that taxpayers should be more involved in funding.

Multiple German public broadcasters reported that universities are discussing how to handle a funding shortfall estimated at 2.4 billion euros. One proposal suggests that universities may have to charge more.

Friedrich Launstein from the Student Services department stated that students in all internship study programs were in the main building. This information was provided by the Student Services department.

German health insurance providers will no longer cover the cost of skin cancer treatment for all policyholders. The rationale behind the limitation is related to cost containment measures.