Financial Insights That Matter Managers at Teslaâs GrĂŒnheide factory in Germany are visiting the homes of workers on sick leaveâbut donât expect them to be bringing chicken noodle soup and orange juice. A director of Teslaâs Gigafactory Berlin-Brandenburg sent managers to check on about 30 sick employees, according to German news outlet Handelsblatt. Per a […]
Financial Insights That Matter By Andreas Rinke FRANKFURT (Reuters) -Germany on Friday will vote against the introduction of European Union tariffs on Chinese electric vehicles, people with knowledge of the matter told Reuters on Thursday. Germany abstained in a first non-binding vote in July on the European Commission’s proposal to impose the tariffs, but since […]
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Financial Insights That Matter German Chancellor Olaf Scholzâs economic adviser Joerg Kukies will replace Christian Lindner as finance minister, according to a government official, who asked not to be identified discussing confidential planning. Kukies served as one of Scholzâs deputies when the chancellor was finance minister under Angela Merkel in Germanyâs previous government. Boost Your […]
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CashNews.co By Stefano Rebaudo and Samuel Indyk (Reuters) -The risk premium investors demand to hold French debt rather than German bunds dropped on Thursday on optimism that France will be able to pass a budget, while German bunds fell on reports Europe plans to tap bond markets for a defence fund. Far-right and left-wing lawmakers […]
CashNews.co German Finance Minister Joerg Kukies played down concerns in financial markets about French political turbulence, saying investors appeared to be reacting in a âconstructiveâ and âorderlyâ manner to the removal of the government. âIâm obviously in very regular dialog and contact with my French colleague,â Kukies said Friday in an interview with Bloomberg Television […]
CashNews.co (Bloomberg) — German industrial production fell in October, kicking off the final quarter with an unexpected decline and dashing hopes that the key sector for Europeâs largest economy may slowly be overcoming its malaise. Most Read from Bloomberg Output decreased 1% from the previous month, worse than any forecast in a Bloomberg survey, which […]
CashNews.co âWhite-collar criminals and tax evaders with resources such as expensive law firms are dismissed too quickly from criminal proceedings,â Anne Brorhilker, the former lead prosecutors in Germanyâs cum-ex proceedings who stepped back earlier this year, said in an interview. âThe financial lobby in Germany is so strong and has so many resources to push […]
CashNews.co Germany finds itself grappling with a significant regulatory challenge as the European Unionâs ambitious Markets in Crypto-Assets Regulation (MiCAR) comes into effect. The collapse of its ruling coalition has left the country without the legislative framework necessary to fully implement MiCAR, creating a regulatory void that jeopardizes its role in the fast-evolving digital finance […]