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Given the favorable capital market conditions Siemens AG will optimize its capital structure and intends to buy back shares in the amount of up to Euro 3 billion. The company also plans to cancel approximately 33 million treasury shares. The share buy back is planned to be financed mostly by long term debt. "The current debt markets environment for Siemens in combination with its current valuation of its shares offers a unique opportunity for value creation in the long-term. We will take advantage of this environment and execute on our "One Siemens" targets", said Siemens Chief Financial Officer, Joe Kaeser.

Siemens, the Siemens Central Works Council, the German trade union IG Metall and the global industrial union IndustriAll have signed an international framework agreement on the principles of corporate responsibility. The agreement reaffirms Siemens' commitment to fundamental employee rights, including equality of opportunity, the right to collective bargaining and the freedom of association. "This agreement reflects Siemens' awareness of its responsibility to its employees and underscores the relationship of trust between the company, the works council and the union," said Siemens President and CEO Peter Löscher. "The joint framework agreement documents our company standards – which already apply worldwide and are firmly anchored in our Business Conduct Guidelines."

Siemens felt the impact of a more difficult global market environment in the third quarter of fiscal 2012. Thanks to a solid order backlog and positive currency translation effects, revenue was up ten percent compared to the third quarter of fiscal 2011. On the other hand, new orders were down 23 percent due to a substantially lower volume from major orders like the ICx order from Deutsche Bahn in the prior-year quarter. Profit was considerably above the prior-year figure, which had been burdened by negative profit effects connected with an arbitration decision and the particle therapy business. "The deceleration of the world economy has increased in the past few months. We see growing reluctance among our customers regarding capital expenditures and stronger economic headwinds, especially in our industrial short-cycle businesses," said Siemens CEO and President Peter Löscher. "Therefore, our focus above all is on increasing our productivity and efficiency. Given the deteriorating environment, it is becoming more difficult to achieve our guidance for the fiscal year."

"The deceleration of the world economy has increased in the past few months. We see growing reluctance among our customers regarding capital expenditures and stronger economic headwinds, especially in our industrial short-cycle businesses. Therefore our focus above all is on increasing our productivity and efficiency. Given the deteriorating environment it becomes more difficult to achieve our guidance for the fiscal year."

In partnership with the Z-13 Fishermen Community, Sindieco and the Pares Institute, the "Our Lagoon is for Fish" Project is looking to contribute to environmental education and the recuperation of the lagoon, as well as generating income for the local community.

The app of Werner von Siemens' Recollections has been honored with a Lion in the Mobile / Best Visual Design and Aesthetic category at the Cannes Lions International Festival of Creativity. Comparable to Oscars in the film industry, Lions are the most prestigious international awards in the advertising and creative world.

Rio de Janeiro is one of the most iconic cities in the world, but for some decades, especially after losing its post as the national capital in 1960, it has suffered with lack of safety, economic and social problems. But in recent years it has been thriving again and now is on the right track to become a sustainable and innovative gateway to Latin America and a model for large cities in the region. This is one major conclusions drawn from the study "Pictures of the Future Rio 2030-2040", a future scenario of the city of Rio de Janeiro. Some of the first conclusions of this exclusive study, which should be finalized in November, were disclosed today, June 18th, by Siemens Brazil CEO, Paulo Stark during a presentation at the Urban Summit, a side event organized by UN-Habitat, United Cities and Local Governments (UCLG) and the Prefeitura of Rio de Janeiro.

The technologies to make development more sustainable - ecologically and economically - are available today. Such technologies are suitable not only for highly industrialized regions, but also for developing regions throughout the world. The Siemens exhibition "Technology in Action", organized in cooperation with the Siemens Stiftung, in the UNEP pavilion at Rio+20 features successful examples in the areas of energy, water, health as well as rural and urban development from different regions. NGOs, social entrepreneurs and innovators exhibit their solutions to social challenges, including their technologies, ownership and organizational concepts, in order to share their experiences and exchange knowledge. As Barbara Kux, Member of the Managing Board of Siemens AG and member of the Board of Trustees of Siemens Stiftung puts it: "We have the responsibility to use the power of technology on all possible levels. Our exhibition 'Technology in Action' shows how it can be done in many innovative ways."