Financial Insights That Matter The headquarters of Commerzbank. Helmut Fricke/dpa Major Italian bank UniCredit is expanding its stake in German lender Commerzbank through financial instruments, with the total position now amounting to around 28%, the Italian bank announced on Wednesday. The move is in line with the aim of expanding the stake to 29.9% and […]
Financial Insights That Matter The logo of the mechanical engineering company Manz at its headquarters in Reutlingen. Bernd Weißbrod/dpa German multinational machinery maker Manz announced from its Reutlingen headquarters on Wednesday that it is to apply for insolvency. The company’s executive board took the decision on account of inability to pay its bills and high […]
Financial Insights That Matter Former German finance minister Christian Lindner has called for Syrian refugees in Germany to return to their home country after the sudden fall of long-time leader Bashar al-Assad. “For those people who came to us from Syria because of the civil war, returning home must be the rule,” the leader of […]
Financial Insights That Matter Former German finance minister Christian Lindner was pelted with foam by a protester during a campaign appearance for his pro-business liberal Free Democrats (FDP) on Thursday. Lindner was hit in the face by what appeared to be a pie made from shaving foam, according to several videos of the incident posted […]
Financial Insights That Matter (Bloomberg) — Germany is about to report a second straight year of economic contraction, reminding politicians before February’s snap election of the daunting task they face. Most Read from Bloomberg Analysts estimate gross domestic product grew 0.1% in the fourth quarter — insufficient to produce a positive result for the whole […]
Financial Insights That Matter The logo of Nordex is seen on the roof of the rotor blade factory of the company in Rostock. Daniel Reinhardt/dpa German wind turbine maker Nordex SE on Monday announced it received orders for 36 turbines for projects in Canada. The names of the customers and wind farms were not disclosed. […]
Financial Insights That Matter The Daily Beast Trump Orders Schools to Ease Sexual Misconduct Rules Donald Trump rammed through new Title IX rules for federally funded K-12 schools and colleges Friday—dramatically changing how they deal with sex assault claims and LGBT students. It was the latest in his sweeping executive actions, and reshapes how educators […]
Financial Insights That Matter A woman holds money in her hand over of a full shopping basket of groceries. German inflation rose to 2.6% year-on-year in December, authorities said on Thursday, confirming an earlier estimate. Patrick Pleul/dpa German inflation rose to 2.6% year-on-year in December, authorities said on Thursday, confirming an earlier estimate. The figure, […]
Financial Insights That Matter Exports to the United States have propelled the US to the top of the list of Germany’s business partners. BERLIN, Jan. 20, 2025 /PRNewswire/ — According to calculations by Germany Trade & Invest, Germany’s international business promotion agency, trade between Germany and the US reached €255 billion in 2024, marking an annual […]
Financial Insights That Matter Commerzbank has attracted the interest of Italy’s UniCredit, which controls over a quarter of the German bank’s shares (Daniel ROLAND) Suggestions that German lender Commerzbank was considering cutting thousands of jobs as it fights off an unwanted advance from Italy’s UniCredit had unsettled employees, a senior trade union official said Monday. […]