Germany Financial News

Authorities say heavy rain in parts of Germany caused flooding and led to dozens of flight cancelations at Frankfurt Airport, the country’s busiest and a major European hub

Peru have named a new species of snake after Harrison Ford in honor of the "Indiana Jones" actor's support for conservation work. The 40 cm (16 inch) reptile was first discovered in May 2022 in the jungle mountains of Otishi National Park, San Marcos National University said Wednesday. But it was not until now that researchers concluded it was indeed a previously unknown species.

New Jersey has accepted a revised settlement over chemical dumping that turned a Jersey Shore community into one of America’s most notorious toxic waste cleanup sites

The official Dutch statistics office says the Netherlands has fallen into a recession after exports and household spending fell back amid rising interest rates intended to rein in inflation

Discount grocer Aldi said Wednesday it's acquiring 400 Winn-Dixie and Harveys supermarkets in the Southern U.S. Under a proposed merger agreement, Aldi will acquire all outstanding shares of Jacksonville, Florida-based Southeastern Grocers Inc., the pa...

Google Doodle is celebrating the ongoing FIFA Women’s World Cup 2023. The doodle was first unveiled on the opening day and has now been displayed again during the quarter-finals on Wednesday. Hosted by Australia and New Zealand, this marks the ninth edition of the Women’s World Cup. The inaugural women’s football championship by FIFA took place in 1991. Before that, in 1988, FIFA organized an Invitation Tournament in China as a test. Encouraged by its success, FIFA moved forward with plans for an official women’s world championship, though it hesitated to label it as the World Cup back then. The US claimed victory in the first Women’s World Cup, triumphing over Norway 2-1 in Guangzhou. England entered the scene in the 1995 Women’s World Cup, facing Nigeria in a knockout match. They secured a 3-2 win. However, their journey was halted by Germany in the quarter-finals, resulting in a 0-3 loss. Germany advanced to the final but was defeated by Norway, marking the first European nation to clinch the Women’s World Cup. In its celebration, Google recognized the significance of the ninth edition of the FIFA Women’s World Cup 2023. It sent best wishes to all participating national teams, saying, “The world is watching with flags in their hands and hope in their hearts!” Commencing on July 20, the FIFA Women’s World Cup 2023 reached the quarter-final stage on August 11. The final is scheduled for August 20. The Lionesses advanced to the semi-finals by overcoming Colombia in the quarter-finals, putting them two matches away from winning the championship. The team has already secured victories against Haiti, Denmark, China, and Nigeria – but the true challenge lies ahead.

Investing.com — European stock markets stabilized Wednesday, with investors digesting better than expected U.K. inflation numbers, more corporate earnings as well as China’s deteriorating economic outlook.

In recent years, the popularity of electric cars has surged across China, the United States, and Europe. This surge is attributed to the green revolution, which is particularly emphasized in the old continent.

By Harry Robertson and Kane Wu

Setbacks securing the release of Wall Street Journal reporter Evan Gershkovich and other Americans held in Russia through a trade for high-profile Russians locked up in other countries have forced U.S. officials to refocus on a deal involving Russian prisoners in U.S. custody.

Aviva and Admiral Group and by easing bond yields. The pan-European STOXX 600 advanced 0.2%, after closing at its lowest level in more than a month on Tuesday. European insurers added 0.5% as Admiral Group jumped 8.0% after the British motor and home insurer posted a marginal rise in its first-half pre-tax profit.

Germany — Cyber crimes in Germany fell 6.5% in 2022, federal police said on Wednesday, a notable shift after a sharp increase the previous year, though authorities said the quality of the crimes was more severe. Authorities had been on high alert for cyber attacks and related crimes in the wake of Russia's war with Ukraine.

₹2 lakh ($2500) in FY23 to ₹14.9 lakh ($12,400) in FY47, according to the SBI's latest research report. Prime Minister Narendra Modi while addressing the country during the 77th Independence Day celebrations at the Red Fort said that India will be a developed country by 2047. "In 2047, when the country will be celebrating 100 years of Independence, India will be a developed country", the Prime Minister noted during his speech from the Red Fort.

Germany’s Cabinet is set to approve a plan to liberalize rules on cannabis, setting the scene for the European Union’s most populous member to decriminalize possession of limited amounts and allow members of “cannabis clubs” to buy the substance for re...

Italy is taking special measures to reduce the waiting time for Indians to get a Schengen visa. Italian Ambassador to India, Vincenzo de Luca, has said that Italian authorities are actively working to reduce the waiting time for Indian applicants seeking Schengen visas. Ambassador de Luca pointed out that Italy is presently faced with a substantial influx of Schengen visa applications, similar to other issuing nations, and they are striving to expedite the process to the best of their ability, SchengenVisaInfo.com reported. In an interview with Business Line, the ambassador mentioned that the number of Schengen visas granted to Indians during the first seven months of the current year has surged by 38 percent in comparison to the same timeframe of the previous year. He underscored that the current processing time for both business and tourist visas stands at 48 hours once the application is received.

defense manufacturing giants are seeking to win a Rs Rs 40,000 crore ($4.8 billion) order to build submarines in India as the South Asian nation looks to strengthen its navy to counter China’s expanding naval presence in the Indo-Pacific region. Indian officials are currently evaluating competing bids to build six of the vessels in the country, senior Indian officials aware of the developments said, asking not to be named because discussions are private.

Igneo Infrastructure Partners has inked a deal to acquire Victoria’s Karadoc Solar Farm from German renewable energy developer BayWa r.e. via its renewable energy arm, Street Talk understands.

NEW DELHI : EBay, an online marketplace for buyers and sellers, generates 50% of its revenue from markets outside the US. India, which is classified under emerging markets, has remained an important market for eBay despite the company exiting the market in 2017. In an interview, Vidmay Naini, eBay’s general manager for global emerging markets, which include India and Southeast Asia, spoke about the challenges faced by India’s e-commerce exporters and the role of generative artificial intelligence (AI) in e-commerce ventures.

Binance Connect, the regulated buy-and-sell crypto arm of Binance exchange, will shut down on August 16. Cointelegraph confirmed on August 15 via an email with a Binance spokesperson. 

The enforcement division of the Securities and Exchange Commission has issued formal requests, including subpoenas, to a number of investment firms over their sustainable investment advertising practices. This escalation shows the SEC’s heightened scrutiny on environmental, social and governance funds.

(Reuters) — German conglomerate Siemens (ETR:SIEGn) said on Tuesday it will start producing solar energy equipment in the United States in 2024 through a contract manufacturer in Wisconsin.