Financial Insights That Matter The German government has indicated to France it will no longer oppose treating nuclear power on a par with renewable energy in European Union (EU) legislation, Reuters has reported. The two countries have long disagreed over promoting atomic power to achieve CO₂ emissions targets. This development could significantly influence EU legislation […]
Financial Insights That Matter Lars Klingbeil, German Finance Minister, Vice-Chancellor and Social Democratic Party of Germany (SPD) Chairman, holds a press conference in his ministry on the tax estimators’ forecast. The tax estimators provide a forecast of tax revenues for this year and subsequent years, which is an important basis for drawing up the federal […]
Financial Insights That Matter A Vodafone store seen in Madrid.(Photo by Alberto Sibaja/SOPA Images/LightRocket via Getty Images) Vodafone has swung to a loss after recording a €4.5bn (£3.8bn) impairment hit amid the continued poor performance of its German business. The telecoms giant posted a pre-tax loss of €1.4bn for the year to end March, compared […]
Financial Insights That Matter By Paul Sandle LONDON (Reuters) – Vodafone’s strategy of focusing on its strongest markets will start to deliver sustainable cash-flow growth this year, even if it takes longer for a turnaround in Germany to show up in the telecom’s profits, its chief executive said on Tuesday. Margherita Della Valle has reshaped […]
Financial Insights That Matter BERLIN (AP) — Germany’s economy is likely to be more or less stagnant in 2025 after shrinking for two years and the impact of U.S. tariffs could weigh down an already unimpressive showing, leading think tanks forecast Thursday. Germany has Europe’s biggest economy and is the 27-nation European Union’s most populous […]
Financial Insights That Matter Germany is in a prolonged economic crisis that has bred a subsequent crisis of democracy. The energy shock in the wake of the Russian attack on Ukraine in 2022 stalled the country’s recovery from the pandemic. After six years of stagnation, the real GDP has plateaued and is almost ten percent […]
Financial Insights That Matter An Arla Foods plant in Germany has been affected by a cybersecurity incident, the dairy giant has confirmed. The Lurpak and Castello owner said “suspicious activity” had hit the co-op’s IT network as its plant in the German town of Upahl. “Due to the security measures implemented as a result of […]
Financial Insights That Matter By Christian Kraemer BERLIN (Reuters) -Germany’s new finance minister has begun intensive preparations for the 2025 and 2026 budgets, with savings sought despite the government giving itself fiscal room by creating a new infrastructure fund, a document seen by Reuters on Monday showed. After former chancellor Olaf Scholz’s coalition collapsed in […]
Financial Insights That Matter Some critics of basic income programs say that giving people “free” money will make them less likely to work. But a new study from Germany has found the opposite. The long-running basic income study, called Mein Grundeinkommen, or My Basic Income, found that people who received no-strings-attached payments continued to work […]
Financial Insights That Matter ZURICH (Reuters) – Siemens Chief Executive Roland Busch has high hopes of the new German government, he said on Thursday, but called on Chancellor Friedrich Merz to “act responsibly in these difficult times”. The government should do everything it can to promote growth, as well as defend democracy, Busch told reporters […]