CashNews.co BERLIN (Reuters) – Germany’s network agency on Friday announced plans to spread the cost of compensating grid operators for investments to integrate renewable power sources more evenly between consumers across the country. Germany faces an estimated 450 billion euros ($498.4 billion) in grid expansion costs by 2045 in its push to cover 80% of […]
CashNews.co Several months after the U.S. approved a significant $61 billion Ukraine aid package, bringing total American aid to $175 billion, the German government is putting the brakes on new military aid to Ukraine as part of a plan to cut spending. This freeze is already in effect and will apply to future funding requests, […]
CashNews.co By Stefano Rebaudo (Reuters) – Sterling hit a one-month high versus the euro after inflation data from Germany and Spain led investors to increase their bets on European Central Bank interest rate cuts. Inflation fell in six important German states in August due to lower energy prices, and dropped to its slowest pace in […]
CashNews.co By Maria Martinez BERLIN (Reuters) – German inflation fell more than expected in August, declining to its lowest level in more than three years and making it easier for the European Central Bank to cut interest rates in September. Inflation eased to 2.0% in August, its lowest level since June 2021, thanks to lower […]
CashNews.co DentonsKey regulatory developments in GermanyFederal Financial Supervision Authority (BaFin). July 29, 2024. High-risk countries: BaFin publishes circular..2 hours ago Read More #cashnews #German #finance
CashNews.co By Maria Martinez BERLIN (Reuters) – Inflation fell in six important German states in August, preliminary data showed on Thursday, suggesting that national inflation could decline noticeably this month. In Saxony, the inflation rate fell in August to 2.6% from 3.1% in the previous month, in Brandenburg it fell to 1.7% from 2.6%, in […]
CashNews.co The city of Jena in eastern Germany is a world-renowned centre of expertise in the field of optics (Tobias SCHWARZ) With its shiny new housing estates, scores of building sites and bustling city centre, Jena represents the fresh face of the former East Germany. “The former East German states now play a full part… […]
CashNews.co As the European market experiences a boost in sentiment with hopes of upcoming interest rate cuts by both the Federal Reserve and the European Central Bank, Germany’s DAX has seen a notable uptick. Amid this optimistic backdrop, investors are increasingly interested in high-growth tech stocks that can capitalize on favorable economic conditions and technological […]
CashNews.co BERLIN (Reuters) -Qatar is in talks with the German government over possibly buying Russian energy group Rosneft’s stake in Germany’s PCK Schwedt refinery, which Berlin placed under trusteeship following Russia’s invasion of Ukraine, the Business Insider news website reported on Wednesday. The German government confirmed that there had been regular exchanges with Qatar regarding […]
CashNews.co BERLIN (Reuters) -The German economy shrank by 0.1% in the second quarter of 2024 compared with the previous three-month period, the statistics office reported on Tuesday, confirming preliminary data. “After the slight increase in the previous quarter, the German economy cooled down again in spring,” statistics office president Ruth Brand said in a statement. […]