CashNews.co Chancellor Olaf Scholz held a much-vaunted “industrial summit” on Tuesday, sitting down with business leaders and union bosses to figure out how to pull Germany out of its current malaise. Pointedly left off the guest list: his own finance and economy ministers. Robert Habeck, the economy minister, responded by unveiling plans for a multibillion-euro, […]
CashNews.co German output likely contracted again in the third quarter as an industrial slump drags on, official data is expected to show Wednesday, tipping Europe’s largest economy into recession. Federal statistics agency Destatis will unveil its quarterly GDP estimate at 10am (0900 GMT). The economy ministry has said it expects “a renewed slight decline” after […]
CashNews.co BERLIN (AP) — Germany’s economy isn’t growing and the governing coalition has a lot of ideas on how to fix it. But it can’t agree which the right one is. The latest outbreak of infighting in Chancellor Olaf Scholz’s government has raised questions about whether it will get anything done in the 11 months […]
CashNews.co Published : 32 seconds agoon 29/10/2024 By Christian Kraemer, Maria Martinez and Rene Wagner BERLIN (Reuters) – Germany’s ideologically disparate coalition of Social Democrats (SPD), free-market Free Democrats (FDP) and Greens will have to find joint answers to the economic malaise in Europe’s biggest economy, Finance Minister Christian Lindner said on Tuesday. Headed by […]
CashNews.co (Bloomberg) — Deutsche Bank AG, UniCredit SpA and two more lenders have sued Germany’s industry watchdog to get back their share of a €2.3 billion ($2.5 billion) restructuring fund they were forced to pay for in the wake of the 2008 financial crisis. Most Read from Bloomberg The four banks, which also include DZ […]
CashNews.co By Christian Kraemer, Maria Martinez and Rene Wagner BERLIN (Reuters) – Germany’s ideologically disparate coalition of Social Democrats (SPD), free-market Free Democrats (FDP) and Greens will have to find joint answers to the economic malaise in Europe’s biggest economy, Finance Minister Christian Lindner said on Tuesday. Headed by Lindner, the FDP organised their own […]
CashNews.co By Maria Martinez BERLIN (Reuters) -The German economy will contract by 0.2% this year, the German Chamber of Commerce and Industry (DIHK) said on Tuesday, cutting its previous forecast for a stagnation published in May. The figures are not optimistic for 2025 either, when DIHK expects zero growth. That would be the third year […]
CashNews.co BERLIN (Reuters) – Germany needs both structural reforms and more investment in public infrastructure to overcome recession, the European head of the International Monetary Fund said in an interview with Sueddeutsche Zeitung. “Without a functioning infrastructure, there can be no productive economy,” Alred Kammer told the paper in an interview published on Tuesday. In […]
CashNews.co MoneycontrolWorld Street | JPMorgan sues ATM exploiters; Volkswagen closes German plants; Musk’s $1M giveaway faces…From JPMorgan lawsuits and Volkswagen’s factory closures to new U.S. investment restrictions in China, here’s a look at recent business….2 hours ago Read More #cashnews #German #finance
CashNews.co As the Greek government prepares to make an additional debt repayment of €8 billion in December, as announced by Minister of National Economy and Finance Kostis Hatzidakis, the German newspaper Handelsblatt highlights the progress the Greek economy has made in recent years in reducing its public debt. Once at risk of default, Greece has […]