Financial Insights That Matter German Chancellor Olaf Scholz on Wednesday defended his decision to fire finance minister Christian Lindner, which prompted the collapse of his three-party coalition. “The decision was correct and unavoidable,” said Scholz as he gave a major government statement in parliament. Scholz dismissed Lindner on November 6 following months of wrangling over […]
Financial Insights That Matter German automotive components manufacturer Robert Bosch is planning to reduce working hours and salaries for 10,000 employees due to a slump in automotive parts demand, reported Bloomberg. The move comes amid broader job cuts by the company to address a downturn in demand for automotive parts. Starting in March 2025, the […]
Financial Insights That Matter The sun shines on the facades of newly built apartments. Prices for houses and flats in Germany continued their downward trend in the first quarter of 2024, with residential properties selling on average 5.7% cheaper year-on-year. Oliver Berg/dpa Prices for houses and flats in Germany continued their downward trend in the […]
Financial Insights That Matter By Karolos Grohmann MOSCOW (Reuters) – Underdogs Mexico are ready to cause a major upset and beat Germany for the first time in a tournament on Sunday, provided the central Americans realize the World Cup clash is just another football game, coach Juan Carlos Osorio said. Brimming with confidence ahead of […]
Financial Insights That Matter Germany Boost Your Financial Knowledge and Achieve Stability Discover a growing online community dedicated to delivering financial news, tips, and strategies designed to help you manage money effectively, save smarter, and grow your investments with confidence. Top Financial Tips for Saving and Investing Personal Finance Management: Master the art of budgeting, […]
Financial Insights That Matter German companies in the Fortune 500 Europe have announced over 60,000 layoffs this year, in a sign of the country’s ongoing economic malaise that has left manufacturers reeling. Major German employers, including Bosch, Thyssenkrupp, Deutsche Bahn, and Siemens, have this year announced plans to lay off thousands of workers in a […]
Financial Insights That Matter BERLIN (AP) — Germany’s economy shrank for the second straight year in 2024 as worried consumers held back on spending and Chinese competition ate into the country’s traditional exports of cars and industrial machinery. The year’s weak performance underlines Germany’s status as Europe’s worst performing major economy and shows the country […]
Financial Insights That Matter The UK and South Korea have banned the import of meat products from Germany, along with certain dairy items, following the first detection of foot-and-mouth disease in the EU member state since 1988. Ireland is expected to follow suit. The case was detected in Germany on Friday (10 January), traced to […]
Financial Insights That Matter BERLIN, Sept 30 (Reuters) – Germany’s move to cut tax on gas sales is designed to send a message to Russia about Berlin’s determination not to capitulate in an energy war, while also signalling to financial markets that Germany’s finances remain solid, its finance minister said. “The first signal is to […]
Financial Insights That Matter Things are not quite going according to plan for Rachel Reeves. The economy has contracted for the past two months and inflation is proving hard to shift. The first Labour budget in more than 14 years received a frosty reception. But everything is relative; at least the chancellor had no trouble […]