Financial Insights That Matter By Nathan Vifflin AMSTERDAM (Reuters) -Taiwan Semiconductor Manufacturing Co, the world’s largest contract chipmaker, said on Tuesday it will open a design centre in Munich, Germany, which could at a later date help develop chips via leading manufacturing processes for applications such as artificial intelligence. President of TSMC Europe, Paul de […]
Financial Insights That Matter (Bloomberg) — Supply Lines is a daily newsletter that tracks global trade. Sign up here. Most Read from Bloomberg The European Union could retaliate against US technology companies if the trade conflict with Donald Trump’s administration escalates, German Chancellor Friedrich Merz said. While the leader of Europe’s largest economy aims to […]
Financial Insights That Matter The German economy grew by 0.4% in the first quarter thanks to stronger-than-expected exports and manufacturing, official data showed. That was double the growth initially estimated for Europe’s biggest economy. The German Federal Statistical Office had reported at the end of last month that the economy expanded by 0.2% in the […]
Financial Insights That Matter BERLIN (AP) — The German economy, Europe’s biggest, grew by 0.4% in the first quarter thanks to stronger-than-expected exports and manufacturing, official data showed Friday. That was double the growth initially estimated. The Federal Statistical Office had reported at the end of last month that the economy expanded by 0.2% in […]
Financial Insights That Matter MADRID (Reuters) -Spanish telecom company Telefonica said on Wednesday it agreed to sell its Uruguayan unit for $440 million to Luxembourg-based Millicom International as part of its strategy to exit Spanish-speaking Latin America. At the end of the transaction Millicom, which operates telecom companies all over Latin America under the brand […]
Financial Insights That Matter Joachim Nagel, President of the Bundesbank, gives a press conference at the end of the meeting of G7 finance ministers and central bank governors. Kay Nietfeld/dpa The German central bank does not expect a noticeable upswing in the Germany economy this year and is looking to the new government to implement […]
Financial Insights That Matter Lars Klingbeil, German Minister of Finance, Vice-Chancellor and SPD Federal Chairman, gives a press conference at the end of the meeting of G7 finance ministers and central bank governors. Kay Nietfeld/dpa German Finance Minister Lars Klingbeil has said that initial plans by the new coalition government – including an ‘investment booster’ […]
Financial Insights That Matter By Maria Martinez BERLIN (Reuters) -German Finance Minister Lars Klingbeil promised swift measures to boost investment on Tuesday amid global trade uncertainty. “It is right that we will launch an investment booster before the summer break, which can be the right and fastest-acting response to the reluctance to invest,” he said […]
Financial Insights That Matter BERLIN (Reuters) -Germany plans to allocate 1.5% of its economic output to infrastructure that has military uses, Chancellor Friedrich Merz said on Wednesday. Speaking at a construction industry event, Merz said the plans meant military spending would go beyond the 3.5% allocation to military procurement it had signed up to under […]
Financial Insights That Matter About 200 people protested outside the bank’s annual general meeting in Wiesbaden, western Germany (Kirill KUDRYAVTSEV) Dressed as a Gallic warrior fighting Roman invaders or wearing the yellow of the Commerzbank logo, employees from the German lender protested Thursday against any takeover attempt by Italy’s UniCredit. About 200 staff staged the […]