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 […]
CashNews.co BERLIN (Reuters) -German Chancellor Olaf Scholz promised on Tuesday to boost investment, attract skilled workers and cut red tape to revive growth in Europe’s biggest economy, which is on track to contract for the second straight year. Blaming inflation, high interest rates and geopolitical conflicts, Scholz also criticised the European Union, saying red tape […]
CashNews.co By Maria Martinez BERLIN (Reuters) – The German economy is expected to stagnate this year, the International Monetary Fund said on Tuesday, cutting its forecast for Europe’s biggest economy, while growth is expected in all the other G7 countries. The IMF had forecast 0.2% growth for Germany in its previous forecasts. This downward revision […]
CashNews.co Published : 3 mins agoon 22/10/2024 BERLIN (Reuters) – Germany’s federal and state governments’ tax revenues rose 6.9% in September compared with the same month last year, the finance ministry said on Tuesday. The federal and state governments’ tax revenue reached a total of 86.2 billion euros ($93.54 billion) last month, according to the […]
CashNews.co Reducing the number of banks in Europe will allow those remaining in the thinned herd to become more efficient and more profitable. This will in turn free them up to lend more to European companies, reducing the cost of capital and helping accelerate economic growth. But right now, the smart money is on politicians […]
CashNews.co MILAN (Reuters) -Germany’s finance ministry on Sunday denied that the country was considering introducing a law to protect domestic banks from cross-border takeovers as Italy’s UniCredit seeks a merger with Germany’s Commerzbank. Italian newspaper La Repubblica on Sunday cited a source close to the matter that the German government was considering a law preventing […]
CashNews.co KUPPENHEIM, Germany (Reuters) -German automakers should not be afraid of competition from China, Chancellor Olaf Scholz said on Monday at the opening of Mercedes-Benz’s first battery recycling plant, an investment he described as part of Germany’s new industrial policy agenda. “Some say that China can do much better with electric motors than us,” Scholz […]
CashNews.co Howden Re, the reinsurance and risk advisory arm of Howden, has made four senior hires in Germany, further strengthening its team in the Germany, Austria and Switzerland (DACH) region. These hires aim to enhance the company’s local capabilities in broking, catastrophe modelling, actuarial services and client relations. Lars Nelson has been appointed as managing […]
CashNews.co On Thursday, government representatives confirmed it had not reached a majority in favour of the project. Last week, numerous concerns of parliamentarians in the Budget Committee became known. However, Transport Minister Volker Wissing (FDP) had campaigned in favour of state aid in the form of a guarantee at the time. Later, both Federal Chancellor […]
CashNews.co ISTANBUL (AP) — Turkish President Recep Tayyip Erdogan met with German Chancellor Olaf Scholz on Saturday in Istanbul, where both leaders discussed bilateral concerns and opportunities for cooperation. But they couldn’t agree on their respective stances toward Israel. During an otherwise cordial news conference following their meeting, Erdogan had very harsh words for Israel […]