Germany Financial News

BERLIN (Reuters) — German exports fell a more-than-expected 1.2% in August from the previous month, data from the federal statistics office showed on Thursday.

Investing.com — European stock markets are expected to edge higher at the open Thursday, benefiting from the strong close on Wall Street overnight as bond yields retreated from recent highs following weaker than expected jobs data.

By Steve Holland

Despite positive developments like the launch of futures-based Ether ETFs and a UAE Dirham-based stablecoin driving digital asset adoption, Bitcoin (BTC), the world's most valuable cryptocurrency, failed to stop its losing streak and is currently trading below the $28,000 mark. 

Italy has launched an investigation after a fully electric-powered bus with foreign tourists veered off a busy overpass on the Venetian mainland during rush hour

A Jersey Shore town where childhood cancer cases rose is suing to overturn a settlement between the state and the corporate successor to the company that dumped toxic waste into the water and ground for decades

The International Monetary Fund says it expects the U.S. to continue playing its key role in amassing multinational support that has helped keep Ukraine’s economy afloat during Russia’s invasion

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

A sell-off in global bond markets gathered pace, driving yields to the highest level in more than a decade as traders brace for an extended period of tight monetary policy.

Britain's upcoming global artificial intelligence (AI) summit will be limited to 100 politicians, business leaders and academics — and will exclude a host of prominent AI startups, according to one of its lead organisers. The highly anticipated event is set to test Prime Minister Rishi Sunak's conviction that Britain can serve as the world leader in regulating the rapidly developing technology, an ambition that has provoked criticism from some.

Nifty 50 today: Frontline indices the Nifty 50 and the Sensex ended in the red on Wednesday, October 4, extending losses into the second consecutive session, amid a sharp rise in the US bond yields and dollar. Bond markets are witnessing a strong selloff globally, causing yields to rise sharply. "An unrelenting selloff in world government bond markets pushed US 30-year Treasury yields to 5 per cent for the first time since 2007 and Germany's 10-year borrowing costs to 3 per cent on Wednesday, moves that could hasten a global economic slowdown," reported Reuters.

By Jonathan Cable

Rahul Gandhi washes dishes on his second day visit to Golden Temple | Video The private trip to Goa took place in August. As seen in the video, Gandhi made a quick trip to Goa to meet with dog breeders Sharvani Pitre and husband Stanley Braganca. The politician's office had earlier inquired about the availability of the Jack Russel Terrier, the report added.

Adani Wind, the wind energy solutions division of Adani New Industries (ANIL), plans to invest ₹2,000 crore in setting up 5 GW (giga watt) capacity in five years, a senior company official told ET. Thereafter, the capacity would be scaled up to 10 GW in another two years, by 2030. «We will be expanding our capacity in four phases.

Type 2 diabetes can shorten a person's life expectancy by decade. Being diagnosed with type 2 diabetes at the age of 30 could potentially reduce an individual's life expectancy by up to 14 years, according to a study conducted by an international team of researchers, a report carried by The University of Cambridge stated. Even those who receive a diagnosis at the age of 50 may experience a decrease in life expectancy of up to six years.

WASHINGTON (Reuters) -U.S. President Joe Biden spoke with the leaders of allied countries, the European Union and the NATO military alliance on Tuesday about continuing coordinated support for Ukraine, the White House said.

'The data show financial inclusion, at a global level, is improving; this is noteworthy — and encouraging — considering the various economic challenges many countries encountered in the past year.'

By Yoruk Bahceli, Karin Strohecker and Dhara Ranasinghe

Mário Centeno, the governor of Banco de Portugal, joins a chorus of regulators claiming that national efforts to oversee crypto wouldn’t work correctly without a global framework. 

Promises of money today create expectations of more money tomorrow As in the 1990s, government attempts to boost their chip industries are running into trouble. Morris Chang, the founder of tsmc, a big Taiwanese producer, told Nancy Pelosi, a senior Democrat, that American efforts to rebuild chip manufacturing at home were doomed. The firm says that production at its first plant in Arizona will be delayed until 2025 due to a shortage of specialist workers.

JSW Cement, the building-materials business of steelmaker JSW Group, is in initial talks with Germany's Heidelberg Materials to acquire the latter's 13.4 million-tonne-a-year cement businesses in India, industry sources aware of the talks told ET. The people cited above said the discussions, currently bilateral, began after the JSW Group made an unsolicited offer to acquire Heidelberg's local entities that primarily have capacities in peninsular India. The world's second-biggest cement market, both by capacity and consumption, India has a highly regional and freight-intensive building-materials industry where manufacturing proximity to the end consumption market often determines profitability-linked enterprise valuation multiples in mergers and acquisitions. To be sure, Heidelberg is yet to take a final call on its India exit strategy and according to the people cited above, it is possible that it may eventually decide to opt for a bidding process for the assets to allow other potential buyers to participate and increase competitive intensity for the plants. A Heidelberg Materials spokesperson declined to comment, while the JSW Group did not respond to ET's email seeking comments. Holcim Exit If concluded, it will mark the exit of a second global cement manufacturer from India after Swiss building materials company Holcim Group exited India in 2022, selling Ambuja Cements and ACC to the Adani Group in a closely contested bidding in which JSW Group had also participated. Heidelberg has more than 13 million tonnes per annum (MTPA) cement making capacity in India, of which 6.3 MTPA is with the listed entity HeidelbergCement India, and 7.1 MTPA is with the closely held Zuari Cement.