English

More about this topic

Markets

Shares of German tech giant SAP soar after upbeat Q2 2024 results

SAP's Q2 2024 results show a 10% revenue increase to €8.29 billion, driven by a 25% rise in cloud revenue. Shares opened 5% higher, hitting record highs.

Economy

Producer prices in Germany decline due to lower energy costs

June’s fall was primarily due to the prices of energy, such as natural gas and electricity falling, as well as the costs of intermediate goods decreasing too.

Economy

Germany approves draft 2025 budget: Funds to Ukraine halved

The German government endorses a draft 2025 budget with €481 billion in spending, including €78 billion for investments. The budget allocates €75.3 billion for NATO's defence spending target, but halves funds to Ukraine.

Economy

Germany's economic sentiment slips: Is recovery at risk?

Germany's ZEW Economic Sentiment Index fell from 47.5 to 41.8 in July, missing forecasts and ending an eight-month of consecutive increases. Factors such as declining exports, political uncertainty in France, and unclear ECB monetary policy contributed to the decline.

ADVERTISEMENT

Business

Discussions under way to split owner of Politico and Business Insider

The media conglomerate currently owns German publications Bild and Die Welt, along with US sites Business Insider and Politico. The company also unsuccessfully tried to buy the Financial Times in 2015.

Markets

Germany’s sale of seized Bitcoin could be dampening BTC prices further

The German government seized a quantity of Bitcoin cryptocurrency from Movie2K, a film piracy website in January. Since it started selling off the confiscated bitcoin, prices have fallen by 15% with some fearing that the slump may continue.

Business

Sanofi eyes €1.3 billion investment in insulin drug plant in Germany

Other healthcare companies such as Daiichi Sankyo have also announced investments in Germany recently, in a positive sign for the ruling coalition government.

Economy

Germans downbeat about the prospects for an early economic recovery

Consumers in Germany are pessimistic and have revealed that they were likely to focus more on saving, and expected to make fewer large purchases in July.

Economy

German wholesale inflation continues to drop on energy price falls

Falling natural gas and electricity prices were the main contributors to May’s figure, as well as the declining cost of intermediate goods.

Economy

German inflation on the rise again for the first time in five months

Increases in services and food costs contributed significantly to May's rise in German inflation, although energy prices continued to fall.

Economy

Germany announces €23 billion tax cuts to help inflation-hit household

The coalition government set aside week's of disagreement to agree the tax cuts package. However, the move has already seen a considerable backlash, with opposing political parties arguing that tax cuts will heap yet more pressure on Germany’s already strained budget.

Economy

Germany's jobless total climbs, staying close to 3-year highs

Businesses in Germany are struggling with the cost of rehiring staff post-pandemic, with profit margins still hit by low revenues, higher inflation, interest rates, and a continuing high cost of living.

Economy

Deutsche Bank revises eurozone GDP outlook for the year

The German economy is doing better than expected, while the UK economy is also going through a cyclical recovery.

Economy

German economy expands slightly in first quarter of 2024

Increases in foreign trade has also gone a long way in supporting this higher GDP figure. However, despite falling inflation, German consumers remain cautious when it comes to spending.

Economy

German property crisis deepens as foreign investment dries up

High interest rates and economic uncertainty are driving overseas investors away from German real estate.

Economy

German and French economies show first quarter signs of revival

Despite Germany's relatively good performance last quarter, the International Monetary Fund believes that structural issues such as aging and lack of investment remain.

Economy

Is part-time work fuelling Germany’s economic woes?

The minister president of Saxony, Michael Kretschmer, says a return to the 40-hour week is necessary to maintain economic prosperity in Germany.

Economy

German consumer confidence reaches two-year high on upbeat pay hopes

German consumers are feeling more upbeat about economic prospects, as well as expecting to be buying more next month.

Economy

Experts slash economic growth forecast for 'ailing' Germany

Five of Germany's economic research institutes slash Germany's GDP outlook, citing low domestic demand, and high gas and electricity prices hitting exports.

Business

ProSieben board turns down MFE bid to split German broadcaster

German broadcaster ProSiebensat.1 has rejected a bid put forward by MFE-MediaForEurope to split up the company.