Financial Insights That Matter Germany finally unveiled a plan that could address years of economic decline and the war in Ukraine as the country announced plans to change its constitution and abandon its long-standing commitment to fiscal prudence. The CDU/CSU and SPD parties agreed to a mammoth spending package on Tuesday, the headline of which […]
Financial Insights That Matter (Reuters) – Goldman Sachs raised its economic growth forecast for Germany this year, citing the prospect of increased military and infrastructure spending, and also upgraded the growth estimate for the broader Euro area. Goldman now expects a 0.2% growth for Europe’s largest economy, up by 0.2 percentage points. In a note […]
Financial Insights That Matter The American artificial intelligence software giant is planning its first German office in Munich. BERLIN, Feb. 7, 2025 /PRNewswire/ — The company, best known as the creator of the chatbot ChatGPT, said that the new office would open in the coming months. As one reason for its expansion, OpenAI cited the fact […]
Financial Insights That Matter (Bloomberg) — Germany called for the European Union to reform its fiscal rules to allow countries to make bigger defense expenditures, a massive shift for a country known for its spending restraint. Most Read from Bloomberg A German envoy to the EU shocked his colleagues in Brussels on Wednesday by urging […]
Financial Insights That Matter FRANKFURT, Germany (AP) — The two political parties expected to form the next German government have agreed to loosen the country’s constitution restrictions on borrowing, enabling 1 trillion euros ($1.08 trillion) or more in spending on defense and infrastructure. It’s a major change in Germany’s debt-averse political culture, rejecting conventional economic […]
Financial Insights That Matter (Bloomberg) — For all the noise surrounding President Donald Trump’s tariffs, perhaps the most significant development for global financial markets on an exceptionally busy day was Germany’s decision to break its fiscal shackles to transform Europe’s defenses. Most Read from Bloomberg Not only did it drive the euro to a three-month […]
Financial Insights That Matter If you ask someone to name a German industry, they will say cars. Ask someone to name three car brands and there are good odds that Volkswagen, Mercedes-Benz, and BMW will be on that list. The country’s presence in the automotive sector is longstanding and iconic. Automotive manufacturing makes up 6% […]
Financial Insights That Matter (Bloomberg) — Tesla Inc.’s registrations plummeted in Germany last month as Chief Executive Officer Elon Musk irked voters taking part in the country’s closely contested federal election. Most Read from Bloomberg Sales plunged 76% to 1,429 cars, according to the German Federal Motor Transport Authority. Tesla’s showing was in stark contrast […]
Financial Insights That Matter (Bloomberg) — Germany’s extraordinary spending plans are shaking up the region’s markets, powering European equities past US peers this year and reviving the euro from the brink of parity with the dollar. Most Read from Bloomberg Chancellor-in-waiting Friedrich Merz said Germany would do “whatever it takes” — a catchphrase made famous […]
Financial Insights That Matter By Yadarisa Shabong (Reuters) – The pound weakened against the euro on Wednesday as traders piled into the common currency after Germany’s plan for a massive infrastructure fund and an easing of debt rules to boost spending, though the British currency did gain on the dollar. The euro was last up […]