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As part of the project, Siemens’ current property in Spandau is to be developed into a technology park and base for business start-ups by the end of 2030. Activities in fields such as distributed energy systems and energy management, electric vehicle technology, machine learning, artificial intelligence, data analytics and blockchain are to be based in Siemensstadt, the company said. Siemens said the investment signaled its long-term commitment to Germany as a business location. Hundreds of jobs are likely to be created, though Siemens said it was too early to give a precise figure.
Last month the company said it would cut ole miss sterling silver cufflinks about 2,900 jobs in Germany as part of a restructuring plan to achieve 500 million euros in cost savings, The trains-to-industrial-turbines group also said on Wednesday that it will create an industrial and scientific campus on the Berlin site to look at conventional power plant technology, Chief Executive Joe Kaeser said the new Siemensstadt would follow the example of the original Siemmensstadt by helping to shape future industry, “The idea behind the founding of Siemensstadt in 1897 was to combine space for working, researching and living to cultivate a beneficial symbiosis for a successful future,” he said..
NEW YORK (Reuters) - Gridlock, Blue Sweep or Red Repeat? Wall Street is closely watching the U.S. midterm Congressional elections next week, as policy decisions that could sway the economy, corporate decision-making and consumer spending hinge on the results. Should his fellow Republicans maintain or extend their grip on Congress, President Donald Trump may be emboldened to pursue more of his political agenda, including further tax reforms. By contrast, Democratic gains that allow the party to control the House of Representatives, and possibly the Senate, could stifle Trump’s policy aims and perhaps lead to attempts to impeach him.
Investors are bracing for a split Congress, in which Democrats win the House but Republicans hold the Senate, a reflection of current polling data and online betting markets, Sentiment could change though in the last week before the Nov, 6 elections and investors are quick to recall that Trump was losing in polls ahead of his surprise victory in the presidential election of 2016, Midterm congressional elections “typically are not a major U.S, market event, let alone a global market event, but this time may be ole miss sterling silver cufflinks different,” Citigroup analysts wrote in a recent note..
Here is a look at how the election results could affect different asset classes. A Democratic takeover of the House might spook the stock market because of concerns about political instability, including hearings involving the Trump administration. But the fall in U.S. stock prices this month may be increasingly pricing in such a split Congress, so that scenario may not significantly shake the market. Even if Democrats win the House, legislative gridlock may reduce the chances of major policy changes if Republicans retain control of the Senate.
However, an infrastructure spending package is one area where ole miss sterling silver cufflinks Trump and Democrats could find compromise that boosts equities, A Democratic sweep of the House and Senate would likely surprise the market and prompt a sell-off in stocks, The potential for Democrats to alter Trump’s tax-cut package or to start impeachment proceedings could jar investor and business confidence, A Republican win that allows them to retain total control of Congress could lift stocks as it would increase the chances of more tax reform and further de-regulation..
The market would keep one eye on the Federal Reserve though if Congress were to stimulate economic growth further with more tax cuts or spending which may push inflation higher and lead to higher interest rates. A Republican victory could also embolden Trump to pursue his protectionist international trade policies with even more import tariffs. “The initial reaction might be positive, but there are some negative potential consequences to it if there is no real check on administration policies,” said Rick Meckler, partner at Cherry Lane Investments in New Vernon, New Jersey. “Those policies, both in trade and in taxes, have been pretty inflationary.”.
If the Republicans retain both the House and Senate the U.S, dollar may benefit, analysts said, Given the disruption to international product supply lines and rising input costs resulting from Trump’s tariffs, the dollar is perceived as a safe haven and it strengthened after levies were imposed on Chinese, European, and Canadian imports ole miss sterling silver cufflinks this year, A divided Congress, however, is perceived as negative for the dollar, analysts said, because it is unlikely that any new fiscal stimulus could be launched to counterbalance forecasts of slowing U.S, economic growth next year..