Germany Financial News
25.02 / 06:37
Google
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Research
Diversity
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Features
Google says its AI image-generator would sometimes 'overcompensate' for diversity
Google apologized Friday for its faulty rollout of a new artificial intelligence image-generator, acknowledging that in some cases the tool would “overcompensate” in seeking a diverse range of people even when such a range didn’t make sense
25.02 / 06:37
BLOCK
economy
Trade
IFO
BASF
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performer
Gloom settles over Germany's economy, with businesses downbeat about the coming months
Germany's businesses remain mired in pessimism despite a small uptick in the latest survey, as Europe’s largest economy struggles with shortages of skilled labor, slower global trade, and political squabbling
24.02 / 17:11
24.02 / 17:11
COST
Action
Airlines
travelers
gatherings
Union demands Lufthansa makes improved offer before agreeing fresh talks
FRANKFURT (Reuters) — German labour union Verdi on Saturday demanded Lufthansa offers a higher wage increase for thousands of the German airline's ground crew before it agrees to a fresh round of pay talks aimed at averting further industrial action.
24.02 / 07:11
UPS
Target
Manufacturing
Sustainability
Death
trends
Gold outlook remains bearish despite a positive weekly close
gold closed with a gain of 0.57% at $2036 Friday. The metal was up nearly 1% on the week. As per the macroeconomic data released Friday, China's new home prices — 70 City Index (January) slid for the eighth consecutive month in January. Germany's GDP contracted 0.30% in the 4Q as per the final reading, which matched the forecast. ECB's one-year and three-year CPI expectations stood at 3.30% and 2.50% respectively, almost in line with the exception.
24.02 / 06:49
24.02 / 05:31
markets
UPS
wellness
country
Schools
Sporting
Germany permits smoking cannabis in public but there's a catch: Check 20 countries where Marijuana is legal
Germany has seen a sharp rise in the number of young people using cannabis obtained on the black market’ and ‘Use of the drug among young people has been soaring for years despite the existing law’ He further urged the members of parliament to back the controversial law, saying ‘the situation we are in now is in no way acceptable.’ Despite fierce objections from the opposition and medical associations, the parliament voted Friday to legalise cannabis. After a stormy session on Friday in the Bundestag, Germany's parliament, the vote was eventually passed by 407 votes to 226. Under the new law, it will be possible to obtain up to 25 grams of the drug per day for personal use through regulated cannabis cultivation associations, as well as to have up to three plants at home.
24.02 / 03:21
UPS
Twitter
security
elon
Financial
dutch
‘Doesn't have legal authority’: Elon Musk slams Dutch PM Mark Rutte over long-term financial aid to Ukraine
Mark Rutte just draws our wallet till he becomes Secretary General of NATO, and then he’ll draw all of yours too.’ Meanwhile, reacting to the statement, Elon Musk said, ‘Doesn’t seem like he has the legal authority to do this.’ Dutch officials on Friday announced that it has sealed a 10-year security deal with Ukraine. Similar agreements were earlier signed by Germany, Britain, France and Denmark.
23.02 / 18:21
Experts
band
bass
How Beatles's Paul McCartney found his treasured bass guitar after more than 50 years
music history, though in the decades since it went missing, there had been some dramatic rumors. Was the Höfner violin bass, which had accompanied Paul McCartney and the Beatles to worldwide fame, tucked away in a private collection? Had it been secretly shipped to a wealthy fan in Japan? It turned out the bass was passing time in a more unassuming locale: the loft of a family home in East Sussex, England. The family reported the guitar in late September after a couple of journalists and a guitar expert started a new campaign looking for it in 2023, more than 50 years after it was last seen.
23.02 / 18:15
Art
Cooper
Action
Align
stage
country
inclusion
India's new age non-alignment: NAl 2.0
diplomacy, India's path has been symbolic of its heritage — a nuanced tapestry woven with threads of traditional non-alignment (NAl) and contemporary multi-alignment. S Jaishankar's remarks at last week's Munich Security Conference offer a glimpse of India's diplomatic agility in the global power matrix. The concept of NAl is evolving. Today, it is less about a rigid absence from blocs and more about flexibility to engage on a spectrum of alignments that serve national interests. The essence of this strategic autonomy lies not in isolation but in the ability to manoeuvre across alliances and partnerships without being trapped by any. This new-age NAl — NAl 2.0, if you will — allows India to conduct transactions with Russia, a traditional partner, while deepening ties with Western powerhouses. Critics may view such an approach as opportunistic. But it is a testament to India's maturity and shrewdness. Admiration is due for a nation that can navigate complexities of IR while safeguarding its sovereignty and developmental agenda.
23.02 / 15:47
23.02 / 15:09
Target
security
economy
President
Experts
reports
rights
German central bank losses soar, wiping out risk provisions
Losses incurred by the German central bank rocketed into the tens of billions in 2023 due to higher interest rates, requiring it to draw on the entirety of its provisions to break even.
23.02 / 10:57
FIVE
Reuters
JPMorgan
Airlines
Trade
reports
International
Lufthansa shares dip after airline unveils executive board overhaul
Investing.com — Frankfurt-listed shares in Lufthansa (ETR:LHAG) edged lower in European trading on Friday after the airline announced a sweeping mid-year shake-up of its executive board.
23.02 / 10:17
cover
Bundesbank posts big loss, predicts more
FRANKFURT (Reuters) — Germany's central bank posted a large financial loss for 2023 and said that further losses were still ahead so it was unlikely to pay any dividends into the state coffers for some time.
23.02 / 08:45
FIVE
CEO
Airlines
Trade
blues
Lufthansa shares fall 3.6% after news on board reshuffle
BERLIN (Reuters) — Shares in Germany's Lufthansa were trading 3.6% lower at 0833 GMT on Friday, as shareholders reacted to the airline's announcement that it would shed two thirds of its board by the middle of the year.
23.02 / 08:27
23.02 / 01:35
UPS
Google
Discover
Food
Research
Universities
Celebrity
Google Doodle honours Polish-American biochemist Casimir Funk's 140th Birthday. Check details
Google Doodle on Friday celebrated Polish-American biochemist Casimir Funk's 140th birthday. According to the description, Funk was among the first to discover and introduce the concept of vitamins and essential nutrients needed for human health. Casimir Funk grew up in Poland, and after finishing high school, he travelled to Switzerland to study biology and chemistry.
22.02 / 23:09
Target
Reuters
security
Research
Sony
electronic
reports
Analysis-Japan takes Taiwan's helping hand on long road to chip revival
By Sam Nussey and Miho Uranaka
22.02 / 21:45
markets
MET
BLOCK
Food
country
Latin
Farmers from 10 EU countries join forces - and tractors - to protest agricultural policies
Czech farmers are driving their tractors and other vehicles to to several border crossings to join forces with their colleagues from neighboring countries in their protests against European Union agriculture policies, bureaucracy and overall conditions...
22.02 / 21:45
UPS
security
Analysis
War
United Airlines says after a 'detailed safety analysis' it will restart flights to Israel in March
United Airlines is gearing up to resume flights to Israel early next month
22.02 / 19:23
markets
economy
Enterprise
wellness
country
information
Features
Capitalism varies across as well as within individual countries
There is a large literature on the varieties of capitalism seen around the world. In their Introduction to the much-cited volume on Varieties of Capitalism (Oxford University Press, UK, 2001), Hall and Soskice classified capitalist countries into two broad groups: Liberal market economies (LMEs) such as the US, UK, Canada, Australia, New Zealand, and coordinated market economies (CMEs) such as Germany, France, Japan, Sweden and Austria. In LMEs, firms coordinate their interaction with each other and other stakeholders through hierarchies and the market.
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