Siemens warns US tariffs causing investment caution
Siemens warned on Thursday that US tariffs were prompting its customers in key sectors to slow investment decisions, even as the German industrial giant reported forecast-beating quarterly profits.
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Siemens profits soar on software demand, AI 鈥榖oom鈥�
German industrial giant Siemens said Thursday its quarterly profits jumped sharply, driven by demand for production software as well as the 鈥榖oom鈥� in artificial intelligence and customers upgrading power grids...
Siemens to sell electrical motors business to KPS
German industrial giant Siemens said Thursday it will sell its electrical motors business Innomotics to private US equity firm KPS Capital Partners for 3.5 billion euros ($3.8 billion).....