CashNews.co Published : 4 hours agoon 21/11/2024 BERLIN (Reuters) – The number of insolvencies in Germany rose by 22.9% in October on the previous year, the country’s statistics office Destatis said on Thursday. This means that with the exception of June 2024, the number of involvencies has seen double-digit monthly increases since June 2023, Destatis […]
CashNews.co BERLIN (Reuters) – The number of insolvencies in Germany rose by 22.9% in October on the previous year, the country’s statistics office Destatis said on Thursday. This means that with the exception of June 2024, the number of involvencies has seen double-digit monthly increases since June 2023, Destatis said. “Collapsing demand from Germany and […]
CashNews.co Published : 19 seconds agoon 21/11/2024 By Maria Martinez BERLIN (Reuters) – Germany’s federal and state governments’ tax revenue rose 8.2% in October compared with the same month last year, the finance ministry said in its monthly report on Thursday, reaching a total of 60.9 billion euros ($64.11 billion). Despite some volatility in revenue […]
CashNews.co FRANKFURT (Reuters) – The German economy is likely to stagnate in the last three months of the year as the labour market continues to soften and possible new trade tariffs loom, the country’s central bank said on Tuesday. Europe’s largest economy unexpectedly grew, albeit only by 0.2%, in the three months to September but […]
CashNews.co The government collapsed over personal tensions, disappointing results in the opinion polls and different views on how to get the economy out of its current stagnation and structural weakness. The different economic policy ideas will therefore very likely play an important role at the upcoming elections on 23 February 2025. Differences will mainly occur […]
CashNews.co Published : 3 days agoon 15/11/2024 By Maria Martinez BERLIN (Reuters) – The German economy will continue to significantly underperform average growth in the euro zone until 2026, the forecasts of the European Commission showed on Friday. The European Commission’s Autumn Forecast projects GDP growth in 2024 at 0.8% in the euro area, while […]
CashNews.co Governments meeting to forge a global settlement on climate finance must get over their differences this week and come to a deal – because if talks carry on until next year they stand little chance with Donald Trump in the White House, the German development minister has said. Jochen Flasbarth, one of the most […]
CashNews.co Text size Germany’s new finance minister on Tuesday scolded UniCredit for the way the Italian bank had bought a major stake in Germany’s second-largest lender Commerzbank. “Aggressively taking a stake in a systemically important bank like Commerzbank using unfriendly methods and without cooperation is not an appropriate course of action,” Joerg Kukies said at […]
CashNews.co Nicole Frölich 11/14/2024November 14, 2024 DW spoke with Germany’s special envoy for international climate policy, Jennifer Morgan, from the COP29 climate conference in Baku. Morgan said that despite now being a minority government facing a snap election, “we stand by our climate commitments” to poorer nations asking for climate funding. https://p.dw.com/p/4mywl Read More #cashnews […]
CashNews.co In the end, German Chancellor Olaf Scholz and former Finance Minister Christian Lindner only agreed on one point: their cooperation failed because of the debt brake. Scholz had wanted to suspend this limit on Berlin’s ability to borrow funds in relation to the country’s economic output, to meet the demands of an ailing economy. […]