CashNews.co FRANKFURT (Reuters) -German wages are continuing to grow briskly despite a shrinking economy as workers regain more of the purchasing power they lost to high inflation, the country’s central bank said on Thursday. The German economy, Europe’s largest, has barely grown in two years, hit by a surge in energy costs following Russia’s invasion […]
CashNews.co Germany’s Finance Minister Christian Lindner has proposed reevaluating the legal status of Ukrainian refugees, German magazine Wirtschaftswoche reported on Oct. 23. In an interview with the outlet, Lindner suggested lowering welfare payments and increasing employment among those receiving benefits. Lindner said that Ukrainians should not qualify by default for the higher Burgergeld payments, which […]
CashNews.co October 23, 20242024-1954 Germany Federal Ministry of Finance publishes Minimum Tax Group Head Notification Form The German Ministry of Finance’s has released the Minimum Tax Group Head Notification Form (“Group carrier report“)which is due on 28 February 2025 for most multinational enterprise groups operating in Germany and subject to the Pillar Two rules It […]
CashNews.co (Bloomberg) — German Finance Minister Christian Lindner urged the European Union to abandon its goal of effectively phasing out the combustion engine in just over a decade. He also ruled out further subsidies to help his country’s carmakers to compete with Chinese electric vehicles but said the wider “framework conditions” should be reconsidered. “The […]
CashNews.co A proposed investment fund will provide major impetus to Germany’s ailing economy, Economy Minister Robert Habeck predicted in Berlin on Wednesday. “If business would then invest more, that would unleash the big booster for the national economy,” Habeck, who also serves as vice chancellor, said. Under Habeck’s proposals, companies are to receive 10% of […]
CashNews.co By Christian Kraemer BERLIN (Reuters) -Chancellor Olaf Scholz leads a high-level delegation to New Delhi this week, betting that greater access to the vast Indian market can reduce Germany’s reliance on Beijing even if India does not turn out to be the “new China”. From cars to logistics, German companies are largely optimistic about […]
CashNews.co While Germany is in debt “up to its throat” trying to fight the global economic crisis, its finance minister has been seen filling out a lottery ticket, for the premium of 35 million euros. Both the serious business newspaper “Handelsblat” and the large-circulation German daily “Bild” on Friday published on their front pages the […]
CashNews.co BERLIN (Reuters) – German Economy Minister Robert Habeck wants to remedy weak growth in Europe’s largest economy with a debt-financed investment fund and change course on its budget policy, according to a 14-page position paper released on Wednesday. Creating a climate-neutral modern industrial future requires massive investment, both public and private, which is being […]
CashNews.co Germany’s biggest lender Deutsche Bank on Wednesday reported a sharp jump in third-quarter profits, boosted by the settlement of investor lawsuits related to its Postbank division. Net profits came in at 1.46 billion euros ($1.58 billion), up 42 percent from a year earlier. Analysts surveyed by financial data firm FactSet had forecast a figure […]
CashNews.co As the European Central Bank continues to ease monetary policy with consecutive interest rate cuts, Germany’s DAX Index has shown resilience, adding 1.46% in recent trading sessions. In this environment of potential economic support and lower inflation expectations, growth companies with strong insider ownership can offer unique insights into their potential for sustainable development […]