Germany Financial News

By Marcela Ayres and Christian Kraemer

BENGALURU : Accenture Plc will acquire Mindcurv, German IT services and data analytics firm, to expand its commercial services globally, the US company said in a release. Accenture Song, the parent company’s digital agency, agreed to acquire the Essen-headquartered IT services company for an undisclosed amount. Mindcurv provides digital services to clients in the manufacturing, retail, consumer goods, life sciences and chemicals sectors, most of whom are based in Europe.

India’s position remained unchanged at 42 at the International IP Index 2024 compared to 2023, with no change even on the index score which stood at 38.64% since 2022, the US Chamber of Commerce said in a report released on Wednesday. The index ranks 55 countries on their intellectual property (IP) regime. The top countries on the index were the USA (95.48%), UK (94.12%), France (93.12%), Germany (92.46%), Sweden (92.12%), Japan (91.26%), Netherlands (91.24%), Ireland (89.38%), Spain (86.44%) and Switzerland (85.98%).

READ HERE: India's GDP growth to moderate in Q3 & Q4; Capex to remain tepid: ICRA's Aditi Nayar The brokerage further informed that its estimates are corroborated with the in-house developed SBI-ANN (Artificial Neural Network) model, with 30 high-frequency indicators. ANN has been trained for the quarterly GDP data from 2011Q4 to 2020Q4 and the in-sample forecast performance of the model in the training period has been precise.

Giridhar Aramane and German Ministry of Defence State Secretary Benedikt Zimmer chaired the India-Germany High Defence Committee (HDC) meeting in Berlin on Tuesday. The two sides discussed a range of bilateral security and defence issues, with a focus on developing the defence cooperation as a key pillar of the Strategic Partnership between India and Germany. Giridhar Aramane and Benedikt Zimmer held talks on the regional situation and discussed on potential defence industrial projects and proposals, according to Ministry of Defence press release. The two sides stressed on the need for a closer defence partnership and connecting defence industries of India and Germany. In a press release, Ministry of Defence stated, «They exchanged views on the regional security situation, discussed likely joint exercises with Germany in the Indo-Pacific, and deliberated on potential defence industrial projects and proposals.»

eBay beat market expectations for quarterly revenue and profit on Tuesday, helped by healthy consumer spending during the holiday season and strength in its focus categories such as refurbished goods and auto parts. Shares of the company rose around 4% in extended trading.

Germany and Poland affirmed Tuesday that they would not be sending troops to Ukraine, after reports that some Western countries may be considering doing so as the war with Russia enters its third year. The head of NATO also said the U.S.-led military alliance has no plans to send troops to Ukraine, after other central European leaders confirmed that they too would not be providing soldiers. The Kremlin, meanwhile, warned that a direct conflict between NATO and Russia would be inevitable if the alliance sends combat troops. «In this case, we need to talk not about probability, but about the inevitability (of conflict),» Kremlin spokesman Dmitry Peskov told reporters.

BERLIN—Russian expansionism and fears about American disengagement from Europe are causing such alarm here that Germany is beginning to ponder a question once considered unthinkable: Does it need to have its own nuclear weapons? In recent weeks, German officials have called on France and the U.K.—Europe’s two nuclear powers—to work with Berlin to develop a fallback plan for nuclear deterrence for the North Atlantic Treaty Organization, should the U.S. no longer be willing to fulfill that role.

By Linda Pasquini and Alexander Hübner

BERLIN (Reuters) — German consumer sentiment is expected to stabilize at a low level in March as households are confronted with great uncertainty due to constantly rising prices and a weaker outlook for Europe's largest economy, a survey showed on Tuesday.

A look at the day ahead in European and global markets from Tom Westbrook

New York because of hurdles to the listing in the US, according to people with knowledge of the matter. Shein, which was founded in China but is now headquartered in Singapore, is in the early stages of exploring the London option as it has judged it unlikely that the US Securities and Exchange Commission will approve its IPO, the people said, asking not to be identified discussing confidential information. Shein is still working on its application to list in the US as its preferred location, the people said.

Indian Oil State-run Indian Oil has cancelled the tender for setting up the first green hydrogen plant at the company's Panipat Refinery and Petrochemical Complex in Haryana.

Alexei Navalny was close to being freed in a prisoner swap at the time of his death, a close ally said on Monday, repeating an allegation by his family and supporters that President Vladimir Putin had him killed. Speaking on YouTube, Maria Pevchikh said talks about exchanging Navalny and two unnamed US nationals for Vadim Krasikov, a Russian FSB security service hit man in jail in Germany, were in their final stages at the time of his death.

Canada’s efforts to reduce greenhouse gas emissions have been laudable, but there is a way we could do so much more, says a report from National Bank of Canada.

Shoe and sports clothing maker Adidas says it has started a third sale of the Yeezy sneakers it was left with after severing ties with Ye, the rapper formerly known as Kanye West

Germany's vice chancellor says the country plans to enable underground carbon storage at offshore sites, pushing ahead with a much-discussed technology in an acknowledgement that time is running out to combat climate change

Shreya Datta, a 37-year-old tech professional from Philadelphia, has fallen victim to a cryptocurrency romance scam that left her financially ruined. 

FRANKFURT (Reuters) — German airline Lufthansa said on Sunday it was keen on moving ahead in wage negotiations for thousands of ground crew after labour union Verdi demanded the company offers a higher pay increase aimed at averting more strike action.

Austria, an export-oriented economy, is increasingly targeting South Asia and SE Asia with India topping the list to export its products including machinery, chemical and pharmaceutical products, automobile related items, said Martin Kocher Austrian Minister for Labour and Economy. “Austria is focusing on South Asian and SE Asian markets in a big way since the Russian market has been closed following the war. India is of special interest to Austria given its complementarities in the field of economy. Austria also serves as the gateway to the German speaking markets of Europe,” Martin Kocher Austrian Minister for Labour and Economy told ET during his weeklong visit to India for the Raisina Dialogue.

German lawmakers have approved a government plan to liberalize rules on cannabis, paving the way for the country to decriminalize limited amounts of marijuana and allow members of “cannabis clubs” to buy it for recreational purposes