Siemens to honour Adani contract

GERMAN industrial giant Siemens has decided to honour a train signalling contract with Adani’s Carmichael coal mining and infrastructure project in Queensland despite protests from environmental activists that linked climate change to the bushfires raging through eastern Australia.

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Siemens headquarters in Munich, Germany.

Siemens CEO Joe Kaeser said it had been a challenge to balance between a very legitimate matter of global and decisive importance and a "fact-based economic and legal assessment based on fiduciary and