Financial Insights That Matter New German Chancellor Friedrich Merz has called on India and Pakistan to de-escalate after India launched attacks across the border, bringing the two rival nuclear powers to the brink of another war. “It is now more important than ever to keep calm,” Merz said during his inaugural visit as chancellor to […]
Financial Insights That Matter Digital payments giant PayPal is set to introduce its contactless mobile wallet for in-store payments in Germany. The feature will be accessible through the latest version of the PayPal app on both iOS and Android platforms. The new contactless payment function will allow consumers to make payments at any physical outlet […]
Financial Insights That Matter FRANKFURT (Reuters) -Mark Branson, the president of Germany’s bank watchdog BaFin, said on Wednesday that the nation’s financial firms were in a strong position but that uncertainty would remain extremely high. “The possibility that problems in the non-banking sector have an impact on banks cannot be ruled out just because we […]
Financial Insights That Matter Commerzbank logo is seen on the Commerzbank Tower in the center of the banking city in Frankfurt am Main. Helmut Fricke/dpa Negotiations over job cuts at Germany’s Commerzbank are nearly complete, the works council said on Tuesday. “We are in the final stages of negotiations regarding the framework of a social […]
Financial Insights That Matter Almost 46 percent fewer Tesla cars were registered in Germany in April than the same month last year (John MACDOUGALL) Tesla sales nosedived again in Germany last month even as electric vehicle sales rose strongly, data showed Tuesday, as German drivers voted with their wallets against billionaire owner Elon Musk. Just […]
Financial Insights That Matter By Alessandro Parohi (Reuters) -Tesla’s new car sales in Britain and Germany plummeted to their lowest in over two years in April, falling 62% and 46% year-on-year respectively, even as demand for electric vehicles rose in both countries, national data showed on Tuesday. Sales of billionaire Elon Musk’s EV cars also […]
Financial Insights That Matter By abhijith ganapavaram and ariba shahid NEW DELHI (Reuters) -Air France and Germany’s Lufthansa were among global carriers avoiding Pakistani airspace, airlines said and flight-tracking websites showed on Monday, as tension between nuclear-armed neighbours India and Pakistan remained high after a deadly attack in Kashmir last month. India took measures such […]
Financial Insights That Matter Two German flags fly in front of and on top of the Reichstag building at sunset. Photo by Hannes P Albert/picture alliance via Getty Images German consumer inflation came in at 2.2% in April on an annual basis, easing slightly from March levels but coming in above expectations, preliminary data showed […]
Financial Insights That Matter Patrick Schniedera veteran transport policymaker, takes over the Ministry of Transport, while Karin Prienwho previously led education policy in the northern state of Schleswig-Holstein, will run the Ministry for Education. Nina Warkena Bundestag legal specialist, is tapped to lead the Health Ministry. Merz has also created a new Ministry for Digitalization, […]
Financial Insights That Matter The logo of the German arms manufacturers company Rheinmetall can be seen on a Bundeswehr vehicle at the NATO exercise Quadriga 2024. Kay Nietfeld/dpa A boom in the global defence industry again brought significant growth for German armaments maker Rheinmetall in the first quarter. According to preliminary calculations, revenue is expected […]