Latest news with #DMB
Yahoo
12-06-2025
- Entertainment
- Yahoo
Dave Matthews Band performs 'God Only Knows,' Brian Wilson tribute ahead of Riverbend show
Dave Matthews Band, set to perform Friday, June 13 at Cincinnati's Riverbend Music Center, played part of the Beach Boys' hit "God Only Knows" during a show Wednesday, June 11 at Northwell Health at Jones Beach Theater in Wantagh, New York, as a tribute to Brian Wilson, the Beach Boys' co-founder whose death at age 82 was announced earlier. "Sometimes you just wing it, you know?" Matthews said after performing about one minute of the song, which Wilson co-wrote with Tony Asher. "Sad to see Brian go. … May he rest in peace." Video via Twitter/X from DMB Gorge Crew: This article originally appeared on Cincinnati Enquirer: DMB's Dave Matthews performs 'God Only Knows' as Brian Wilson tribute
Reuters
04-06-2025
- Business
- Reuters
German cabinet approves $52 bln corporate tax relief package
BERLIN, June 4 (Reuters) - The German cabinet approved a 46 billion-euro ($52 billion) tax relief package on Wednesday to support companies and revive its sluggish economy from this year through 2029, the government said. The package is the first in a series of expected measures from Germany's new government to boost the economy, which could be facing a third consecutive year of contraction for the first time in its post-war history. "After just four weeks in office, we are presenting the first important reforms to ensure new economic strength," German Finance Minister Lars Klingbeil said on Wednesday. "We are providing the economy with urgently needed planning certainty and creating strong investment incentives." The package includes measures such as favourable depreciation options of as much as 30% per year for three years to ease companies' tax burden. To encourage electric car purchases, buyers will be able to depreciate 75% of the purchase price in the year in which the vehicle is bought. "This new depreciation rule provides a welcome short-term stimulus for the manufacturing sector," said Deutsche Bank economist Robin Winkler. "However, its impact on facilitating the broader structural transformation of the German economy is likely to be limited." U.S. President Donald Trump's tariff policies are expected to hurt Germany's export-oriented economy and its new chancellor, Friedrich Merz, will travel to Washington to meet Trump on Thursday. The package also includes a promised one percentage point cut to the corporate tax rate each year over five years from 2028, bringing it down to 10% by 2032. The package shows the new government's capacity to act, as it moved "swiftly and without disruptive noise," German Mittelstand association DMB President Marc S. Tenbieg said, adding it "creates planning security for those who can currently invest." Economy Minister Katherina Reiche said there will be further measures to cut energy costs, reduce bureaucracy and speed planning and approval procedures. The measures will cut government tax revenue by 2.5 billion euros this year, rising to a reduction of 12 billion euros at the peak in 2028, the last year of office for the ruling coalition. The package still needs the approval of the lower and upper houses of parliament. Germany's parliament approved plans for a massive spending surge in March, throwing off decades of fiscal conservatism. Additional measures, including a 500 billion-euro infrastructure fund, should be brought to the cabinet with the draft 2025 budget on June 24 and the first draft of the 2026 budget on July 30. The German government is deploying huge amounts of capital into the topic of industrial resilience, Simon Pex, managing director at Carlyle Europe Partners, said. "The more positive political sentiment in the country might accelerate economic growth in a positive way," Pex said. "Germany could be a good place of opportunity in the next decade." ($1 = 0.8775 euros)
Campaign ME
28-04-2025
- Business
- Campaign ME
Ducab Metals Business campaign makes brand more relatable with partners, customers
Ducab has launched an awareness and education-based campaign titled How DMB Makes It Happen, which is aimed at highlighting the quality of the products of Ducab Metals Business (DMB). The campaign brought to life by Saatchi & Saatchi Middle East and Prodigious was intended to reinforce DMB's credibility and leadership in the metals sector within the Middle East and North Africa (MENA) region. The mandate of the campaign was to build a deeper understanding about DMB – both internally among employees and externally with partners, customers and the wider industrial community – by making the brand relatable. The campaign was carried across the brand's social media channels, and will run for a month. The creative style of the hero video was a blend of industrial storytelling and brand symbolism. It combined cinematic visuals with a narrative that positioned DMB as more than just a metal supplier; it reflected the human side of the brand, its values, its people and its role in shaping real-world progress. 'Progress is human; it's hands-on – sparking what turns metal into motion. sparking what turns copper and aluminium into lifelines and the engines that drive you forward,' the narrative on the campaign video states. Success metrics of the campaign are being monitored based on social media engagement. View this post on Instagram A post shared by Dubai Cable Company – Ducab (@ducabofficial) CREDIT: Client: Ducab Metals Business, Ducab. Creative agency: Saatchi & Saatchi Middle East Production house: Prodigious Middle East
Times
27-04-2025
- Automotive
- Times
Why Tom Cruise is a very British movie star — by those who know him best
In spring 2021, at the tail-end of the pandemic, Dean Bartle was mopping the floor of his showroom of Porsches and Ferraris near Church Fenton, north Yorkshire. His business, DMB Collection, backs on to Leeds East airport, where Bartle's gaze was caught by a svelte black helicopter. The lead passenger, an American, bellowed out, 'Hey man, what's DMB stand for?' The sun was bright, his figure a silhouette, and his face was covered by aviators and a Covid mask. Bartle said it was just his initials, but added, because he had been warned against starting a showroom, that some say it stands for 'Dean's Massive Balls'. The American laughed wildly. It was Tom Cruise. 'He was here for over an hour, talking about cars because
Gulf Today
25-04-2025
- Automotive
- Gulf Today
Some European companies wary of expanding in US amid tariff chaos
US President Donald Trump's erratic approach to tariffs is causing some smaller European companies to question the benefits of expanding in the US market - a sign of how tough it has become to navigate trade in the world's top economy. By putting levies on everything from steel and cognac to cars and sandals, Trump aims to prompt foreign firms to move investment to the United States, building new factories and creating thousands of American jobs. While major corporates from the auto and pharma sectors, have rushed to announce expansions or say they are considering them, the stream of announcements, roll-backs and exemptions has left some smaller firms warier of committing. Italy's EuroGroup Laminations currently pays no tariffs on the rotors and stators it supplies to US automotive customers, including Ford and GM, from its plant in Mexico as they comply with existing import rules. But even if it had to, moving production to the US would expose it to tariffs in place on the special type of steel the company uses in its automotive parts, CEO Marco Arduini told Reuters. 'Skipping potential US tariffs ... would not necessarily mean it can compensate for extra costs and low availability of steel,' he said, adding that US labour costs, which are up to six times higher than in Mexico, were also an issue. German fan and motor maker ebm-papst has put on hold plans to build a third US factory or expand one of its existing US sites due to current developments, including the risk that the tariffs will trigger a US recession. 'If there is an economic downturn in the US, demand may develop differently as a result,' CEO Klaus Geissdoerfer said. Small- and medium-sized enterprises (SMEs) are the backbone of many economies, including Italy and Germany, both European Union members and major exporters to the United States. Because they have smaller financial buffers than blue-chip peers, they may react to fresh trade risks more quickly than bigger companies. 'Contrary to Donald Trump's hopes, his protectionism will not lead to more German companies moving to the US and creating jobs there,' said Marc Tenbieg, head of the DMB association that represents Germany's SMEs. DMB in separate comments said a handful of SMEs, which declined to be named due to the sensitivity of the matter, are also currently reviewing their US businesses as a result of Trump's policies. Some member firms of German engineering association VDMA are delaying purchases, Andrew Adair, the group's trade policy advisor for North America, said following a trip to the United States earlier this month. 'Industry appears to be pressing the pause button at the moment,' he said. After weeks of threats, Trump announced on April 2 a series of broad tariffs on goods imported to the United States from most other countries. They included a 20% tariff on EU imports that was later lowered to 10% under what he called a 90-day pause following a rout in US assets. Trump's declarations that other countries have been 'screwing' the US for years - reflecting his ire at US trade deficits, including one of $235.6 billion with the 27-nation EU - have also raised the political and diplomatic temperature. Germany's LAPP, which makes everything from cables and wires to robotics for factories, is nevertheless sticking with plans to double production capacity at its New Jersey site in 2025. 'As a family business, we plan for the long term, not for election periods,' CEO Matthias Lapp said. One major uncertainty is what tariffs will do to demand and inflation within the United States. RBC Capital reckons that 10% of US consumption is based on imports and that it will therefore be 'relatively difficult for consumers to substitute away from imported goods'. But consultancy AlixPartners reckons average US household discretionary spending will fall by more than 10% to $27,000 in a post-tariff world, and recommends that companies adopt a 'pause & monitor' approach. In each of the last three years, the EU on average exported more than 500 billion euros of goods to the US, mostly pharmaceuticals, vehicles and machinery, Eurostat data shows. Trump has taken aim primarily at the bloc's makers of steel, autos and car parts. While the US remains the EU's biggest trading partner, the tariffs have triggered some political pushback against taking on greater exposure, with French President Emmanuel Macron asking European firms to suspend planned investment for now. Industry groups are urging European companies to focus instead on other foreign markets such as India, Latin America and Southeast Asia. 'We have seen that the situation can change quickly overnight,' said Sebastian Zank, head of corporates ratings production at credit ratings agency Scope. 'Everyone will keep their feet still until a picture emerges that can be described as sustainable.' Agencies
