Germany Financial News

Climate scientists have long said that eating more plants and fewer animals is among the simplest, cheapest and most readily available ways for people to reduce their impact on the environment

Tether is planning a large-scale expansion into Bitcoin (BTC) mining, according to Paolo Ardoino, who is expected to take the helm at the company soon. 

The European Union has been actively preparing for what it envisions as the future of money. In the past year, it finalized its landmark comprehensive crypto legislation, the Markets in Crypto-Assets Regulation (MiCA), which is due to take effect in 2024 after closing its second consultation in October. 

The Singapore-based BSN Foundation, a global blockchain infrastructure organization, officially announced its launch with five international founding members on Nov. 16.

Germany’s national railway operator is running a drastically reduced schedule after a union called a 20-hour strike aimed at increasing the pressure in a bitter dispute over pay and working hours

Investing.com — European stock markets are expected to open in a subdued manner Thursday, consolidating after recent gains on optimism that the policy tightening cycles of a series of major central banks are over.

FRANKFURT (Reuters) -Siemens on Thursday gave a more cautious sales outlook for 2024 after the trains to industrial software maker reported fourth-quarter industrial profit ahead of expectations.

Leading German bank Commerzbank has received a crypto custody license from government regulators.

Automaker Renault is setting out ambitious goals for its new combined electric vehicle and software business, saying it will “democratize” the market for battery-powered cars in Europe by making them as affordable as gasoline- or diesel-powered models ...

By Timothy Gardner

Commerzbank AG has received a crypto custody licence, providing more evidence that European banks are growing warmer toward the asset class. The license will allow the bank to “build up a broad range of digital asset services, with particular emphasis on crypto assets,” the Frankfurt-based bank said in a statement on Wednesday. It’s the “first German full-service bank” to get the license, it said. The move shows how Europe’s lenders are carefully entering the crypto market after initially shying away from the asset class given the associated risks and potential for money laundering. The push comes during a recovery in the price for Bitcoin, the best-known cryptocurrency, following a slump that ensued last year when a string of high-profile businesses collapsed and fraud scandals hit the industry. Other banks are making similar moves which they say reflect client demand. In July, Societe Generale SA’s blockchain unit received the first license issued under France’s new crypto rules. Earlier this month, German cooperative lender DZ Bank AG said it has started a platform for the custody of digital assets. Unlike other European countries, Germany requires banks to get a formal expansion of their existing licenses if they want to provide crypto services including custody. That requirement means the country’s crypto applications afford European banking regulators some transparency into the market.

The German bank Commerzbank has been granted a crypto custody license by local regulators, according to an announcement released by the lender on Nov. 15. 

Global bonds have been such a kicking post in recent months that it may come as something of a surprise they are just a fraction away from erasing this year’s loss.

Germany introduced a new licensing regime for crypto services in 2020 along with an amendment to the EU's Money Laundering Directive, in order to encourage regulated firms to enter the crypto market.Commerzbank first applied for a licence in April 2022. German rival Deutsche Bank followed suit in June this year.Commerzbank has yet to release details of the technology stack for the venture, but says that it aims "to establish a secure and reliable platform with full regulatory compliance to support its institutional clients by providing custody for crypto assets based on blockchain technology".The initiative reognises the de-thawing of banking interest in the market following the recent 'crypto-winter'.

weight-loss drugs, said a report by Der Spiegel magazine. Ozempic has been approved to treat type 2 diabetes but has also been prescribed “off-label" to treat weight loss because it has the same active ingredient as Novo's hugely popular anti-obesity drug Wegovy. The two Novo drugs can help people shed about 15% of their weight.

A union representing German train drivers says it is calling its members out on a 20-hour strike later this week as a rancorous round of pay negotiations with the country’s main rail operator gets under way

The European Union’s executive commission has lowered growth its expectations for this year and next, saying the economy “has lost momentum” as inflation discourages consumers and higher interest rates deter borrowing for purchases and investment

Global shares are mostly higher, cheered by a rally on Wall Street that was one of the best days of the year following a surprisingly encouraging report on inflation

Germany’s highest court has annulled a government decision to repurpose 60 billion euros ($65 billion) originally meant to cushion the fallout from the coronavirus pandemic for measures to help combat climate change and modernize the country

A German thinktank has reported that to prevent global warming from surpassing the critical threshold of 1.5 Celsius, major Asian economies must ensure they can get half of their total electricity from renewables by 2030

BERLIN (Reuters) -German chip manufacturer Infineon (OTC:IFNNY) reported higher-than-expected revenue for its 2023 fiscal year on Wednesday as demand for semiconductors, particularly in the electromobility and renewable energy sectors, remains unabated.