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. […]
CashNews.co BERLIN (Reuters) – The German government and state of Lower Saxony are likely to acquire about 80% of Meyer Werft to secure the future of the company, one of the world’s largest cruise shipbuilders, two sources familiar with the situation told Reuters on Tuesday. Under the plan to keep the 229-year-old company afloat, the […]
CashNews.co By Indradip Ghosh BENGALURU (Reuters) – German home prices will stabilise in the coming months and rise 2% in 2025, supported by interest rate cuts, while rents are expected to increase more quickly, according to analysts polled by Reuters. The real estate market in Germany, like many of its peers, boomed on ultra-low mortgage […]
CashNews.co Ruth Brand, German Federal Returning Oficer, speaks at a press conference. Christoph Soeder/dpa The German economy contracted slightly in the second quarter, partly due to decreased investments and the crisis in the construction industry, the Federal Statistical Office (Destatis) reported on Tuesday. Germany’s gross domestic product (GDP) decreased by 0.1% compared to the previous […]
CashNews.co Asian shares mostly moved higher overnight after tech giants dragged down Wall Street last night. The Nikkei (^N225) rose 0.5% on the day in Japan, while the Hang Seng (^HSI) rose 0.4% in Hong Kong. The Shanghai Composite (000001.SS) was 0.2% down by the end of the session. In China, the government urged Canada […]
CashNews.co Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Construction work began this week for a new German army barracks in Lithuania, close to the border with Belarus, which will house some 4,000 Bundeswehr troops by 2027. It is Germany’s first permanent […]
CashNews.co By Klaus Lauer and Miranda Murray BERLIN (Reuters) -German business morale fell for a third consecutive month in August, a survey showed on Monday, pushing back recovery hopes for Europe’s largest economy. The Ifo institute said its business climate index fell to 86.6 in August from 87.0 in July, though it came in above […]
CashNews.co (Bloomberg) — Germany’s business outlook held at its lowest level since February — highlighting the gloom once again engulfing Europe’s biggest economy after an early-year rebound fizzled out. Most Read from Bloomberg The Ifo institute’s expectations gauge dipped to 86.8 in August from a revised 87 the previous month, beating the 85.8 seen by […]
CashNews.co As Germany’s DAX index continues to show resilience with a 1.70% gain amid hopes of upcoming interest rate cuts from the European Central Bank, investors are increasingly looking for growth opportunities in companies with strong insider ownership. In this context, identifying stocks that combine robust growth potential with high levels of insider investment can […]
CashNews.co The timing couldn’t be worse. Just as Ukrainian forces are regaining the initiative and defying Moscow by launching a daring assault on their aggressor’s territory, Germany, Europe’s main supplier of aid to Ukraine, decided that it can no longer afford to maintain its military assistance to Kyiv at current levels, and will instead cut […]