European stocks have started the morning higher, save in Italy, where election officials are still counting the results of Sunday's ballot, which appear to indicate the country's main anti-establishment parties came away with half of the votes
Airbus, Rolls-Royce and Siemens announced on Monday that they would be combining forces to develop technology required to manufacture electrically-powered aeroplanes.
Rolls Royce may announce as soon as Tuesday that it has joined forces with Airbus and Siemens to engineer electric drives for airplanes.
Germany's Siemens and France's Alstom announced on Wednesday that they will merge their rail operations to create "a new European champion in the rail industry".
German industrial giant Siemens chugged higher on Tuesday after reports that it has entered negotiations with Bombardier to merge the two companies' train operations.
Siemens has entered into an agreement to buy US-based Mentor Graphics for $37.25 per share in cash, which is an enterprise value of $4.5bn.
Siemens and Gamesa agreed to combine their wind-turbine manufacturing operations, creating a new world leader in terms of installed capacity worldwide.
The main European equity benchmarks were still sporting modest losses come midday, albeit following two days of notable gains.
Despite billions of pounds in fines, several years of investigations and a slew of criminal prosecutions, many banks have yet to take on board the lesson of the market-rigging scandals, a report by the City watchdog has found. In a series of damning findings, the Financial Conduct Authority said that some lenders had yet to take even basic steps towards ensuring there could be no repeat of the Libor, foreign exchange and gold price manipulation scandals. - The Times
Siemens won an 8bn contract from the Egyptian government to help build gas and wind power plants.
Siemens AG said it will cut 7,800 jobs worldwide as part of its restructuring plan.
US stocks fell on Monday, after the Chinese finance minister, Lou Jiwei, quelled speculations that his government would boost stimulus.
Wood Group has officially established its joint venture (JV) with Siemens AG after all regulatory approvals were received.
Power systems group Rolls-Royce has confirmed media speculation that it is in talks with German engineer Siemens about the possible sale of its energy gas turbine and compressor division.
Oil services company Wood Group and German industrial giant Siemens have formed a gas turbine joint venture.