Financial Insights That Matter By Christian Kraemer BERLIN (Reuters) – Germany’s Finance Minister Joerg Kukies warned on Friday that U.S. tariffs would hit both the German and the U.S. economies and that Berlin was working to prevent an escalating trade war. Kukies made the statement to Reuters after meeting his U.S. counterpart, Treasury Secretary Scott […]
Financial Insights That Matter (Bloomberg) — Germany added more onshore wind turbines in the past decade than any other European country, but a severe slump in output this month shows how the nation’s energy system is still at the mercy of the weather and its old fossil-fuel plants. Most Read from Bloomberg Wind speeds slumped […]
Financial Insights That Matter (Reuters) – British startup Wayve will establish a new testing and development hub in Germany, deploying a fleet of test vehicles in the Stuttgart region, the self-driving technology firm said on Monday. The self-driving technology firm, which focuses on “Embodied AI” that can learn from and adapt to human behaviour, said […]
Financial Insights That Matter Pipe for the Trans Mountain pipeline is unloaded in Edson, Alta., 2019. (Credit: Jason Franson/The Canadian Press files) Canadian energy executives are pretty much all in on building a west-to-east pipeline, suggests a new survey. The poll by KPMG LLP of 151 energy and natural resources executives found 87 per cent […]
Financial Insights That Matter BERLIN (Reuters) – German Chancellor Olaf Scholz said on Thursday Donald Trump’s decision to impose tariffs on cars is wrong and the U.S. president had chosen a path that would produce only losers. “U.S. President Trump’s decision is wrong,” Scholz said in a statement. “The U.S. has chosen a path at […]
Financial Insights That Matter Dark rain clouds appear in the sky above a building belonging to sports car manufacturer Porsche. German sportscar manufacturer Porsche saw profits plunge in 2024, as sales in China took a major hit and the carmaker poured money into updating several of its high-end models. Bernd Weißbrod/dpa German sportscar manufacturer Porsche […]
Financial Insights That Matter Investing.com — Germany is staring down the economic abyss, but likely has one last chance to mount a turnaround or face below-trend growth until the end of the decade. “Germany stands at a crossroads in its postwar history. The economic prosperity of recent decades is under pressure from geopolitical and technological […]
Financial Insights That Matter Germany’s Bundestag has voted to reform the ‘debt brake,’ paving the way for a landmark spending bill The amendment will focus on increasing defense, infrastructure spending The center-right bloc of the Christian Democratic Union (CDU) and Christian Social Union (CSU), along with the center-left Social Democrats (SPD) and the Greens supported […]
Financial Insights That Matter Deutsche Bahn’s CEO says the rail operator is facing its worst crisis in three decades (Odd ANDERSEN) German rail operator Deutsche Bahn reported another massive annual loss Thursday as it battles a “serious crisis” but said government plans to ramp up infrastructure spending could get it back on track. Years of […]
Financial Insights That Matter As US stocks (^DJI, ^IXIC, ^GSPC) end another session mixed, Julie Hyman and Josh Lipton take a look back on the trading day while reporting earnings results from Hims & Hers Health (HIMS) on Market Domination Overtime. Ben Emons, FedWatch Advisors founder and CIO Ben Emons weighs in with his takeaways […]