CashNews.co Joint debt just isn’t on Germany’s agenda — irrespective of a warning by former Italian Prime Minister Mario Draghi that it’s the only way to make the European Union more competitive with China and the U.S. The former leader had barely finished presenting his long-awaited report on Monday about how to fix Europe’s ailing […]
CashNews.co Mario Draghi’s call for the EU to continue to issue joint debt to finance key investments has deepened the divide in Germany’s already fractious coalition government and received strong criticism from the Netherlands, in a sign that some of the Italian technocrat’s proposals may not be politically feasible. Draghi, a former head of the […]
CashNews.co GCC trade with India, Brazil of ‘growing significance’ as it reaches $195bn, says Al-Budaiwi RIYADH: Trade between the Gulf Cooperation Council and its partners India and Brazil reached nearly $195.1 billion in 2022, as reported by GCC secretary-general. During the India-GCC Joint Ministerial Meeting for Strategic Dialogue, Jasem Mohamed Al-Budaiwi highlighted the expanding economic […]
CashNews.co (Bloomberg) — Germany’s finance chief doubled down on his opposition to joint European Union debt sales, saying that the government in Berlin has “democratic and fiscal problems” with the proposal published Monday by former European Central Bank President Mario Draghi. Speaking Tuesday in the lower house of parliament, Finance Minister Christian Lindner said regular […]
CashNews.co Germany’s DAX Index recently declined by 3.20% amid renewed fears about global economic growth, reflecting broader market sentiment that has also impacted small-cap stocks across Europe. Despite this downturn, the tech sector in Germany remains a focal point for investors seeking high-growth opportunities. In this article, we explore three standout tech stocks in Germany, […]
CashNews.co By Maria Martinez BERLIN (Reuters) – German inflation fell to its lowest level in more than three years in August, a second estimate confirmed on Tuesday, making it easier for the European Central Bank to cut interest rates this week. Inflation eased to 2.0% in August, its lowest level since June 2021, thanks to […]
CashNews.co By Emma-Victoria Farr and Markus Wacket FRANKFURT/BERLIN (Reuters) – CVC is improving its offer for Deutsche Bahn’s logistics business Schenker, with the private equity firm asking for a fair assessment of its bid by the German railway’s board and supervisory board in a letter seen by Reuters on Monday. The letter said CVC is […]
CashNews.co High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do […]
CashNews.co (Bloomberg) — Germany plans to sell a significant part of its stake in Commerzbank AG as it seeks to draw a line under the lender’s bailout more than a decade ago. Most Read from Bloomberg Berlin, which owns 16.5% of Commerzbank, will initially target a disposal of 3% to 5% in the Frankfurt-based firm, […]
CashNews.co As EU car companies struggle with the phasing out of combustion engines and a transition to electric vehicles before 2035, experts are predicting that thousands more jobs may be cut across different sectors over the next couple of years. DIW President, Marcel Fratzscher, says that the German economy is both export and industry dependent, […]