Germany Financial News

Founders of the infamous OneCoin cryptocurrency scam have been sentenced to several years in jail by a German court.

By Qiaoyi Li and Brenda Goh

BERLIN (Reuters) — German wholesalers expect their revenues to fall 2% in nominal terms this year, continuing a downward trajectory after a 3.75% decline last year, the BGA lobby group said on Wednesday, saying sentiment in Europe's biggest economy was «on the floor».

Investing.com — European stock markets edged largely lower Wednesday amid caution ahead of key U.S. inflation data, even after the release of better-than-expected French industrial production. 

The fintech industry saw more pain in 2023, with overall investment falling by half as higher interest rates and worsening macroeconomic conditions caused investors to tighten their belts, according to global investment figures shared exclusively with CNBC.

mocked Indian Prime Minister Narendra Modi over his Lakshadweep visit. Notably, Indians were only second to Russia in the chart showing tourist arrivals in the Maldives by nationality in January 2023. India was among the largest tourist markets for the Maldives in 2023.

Germany’s last remaining major department store chain has filed for insolvency protection, its third filing in less than four years, after its owner ran into difficulties

India has emerged as the third most important market from a local sales perspective for French automation and software company Schneider Electric that is looking to capitalise on five mega trends that is shaping global companies, the most important of which is the growing demand for its energy saving systems, said its top executive. It will be investing Rs 3200 crore ( euro 350 million) in expanding industrial footprint with 5 new greenfield factories in energy management and both automation products. “If you take the CO2 footprint that is generated today, 81 per cent of that is related to energy.

Stocks and bonds retreated before key inflation readings from the U.S. and China later this week and the earnings season kicks off on Friday. 

Investing.com — European stock markets traded in a mixed fashion Tuesday, as investors digested weak German economic data as well as a positive overnight close on Wall Street. 

Red Sea, though trade associations said they did not expect any notable disruptions for Europe's top economy. «We generally advise our customers to carefully examine their inventory strategy and, if necessary, adjust it,» DHL Group said in emailed comments, adding it was able to provide alternatives to customers such as air freight or rail. DHL Group does not operate ships but it uses them to transport containers. The German company offers planes, trains and trucks to move goods globally. This has become trickier since shippers such as Maersk and Hapag-Lloyd have recently rerouted ships away from the Red Sea — the shortest route from Asia to Europe via the Suez Canal — after vessels have come under attack from militants. German retailer association HDE, however, does not forecast any visible bottlenecks in the short or medium term, it said on Monday, pointing to more resilient supply chains that have been built up in recent years. «For this reason, empty shelves or price increases are not to be expected.» This chimes with Germany's logistics association DSLV, which does not expect major repercussions for the German economy, for example on consumer prices, citing the currently «very low» freight rates from Asia to Europe. While acknowledging there would be delays in deliveries, DLSV said supply chains were not expected to break down as they did two years ago, when the global economy was still feeling the impact of the coronavirus pandemic and the start of the Ukraine war. «Freight forwarders, shipping companies and retailers have learnt from the past.

Volkswagen announced at CES 2024 that it will add ChatGPT to its vehicles equipped with the IDA voice assistant. The ChatGPT integration with Volkswagen will go live in the second quarter of 2024 and will be available for the company's EV range, including the ID.7, ID.4, ID.5, ID.3 as well as the new Tiguan, Passat and Golf models.

Farmers are blocking highway access roads in parts of Germany and snarling traffic elsewhere, launching a week of protests against a government plan to scrap tax breaks on diesel used in agriculture

asylum in Germany last year rose to 3,51,915, an increase of 51.1 per cent compared with the year before. The largest number of asylum-seekers came from Syria, with 1,04,561 applications, followed by Turkish citizens with 62,624 asylum pleas and 53,582 Afghans, Germany's Federal Office for Migration and Refugees said Monday. Migration has become a huge political problem for the government and a hot-button topic in Germany as local communities are struggling to house the many newcomers.

diesel subsidies and train drivers planning several days of strikes over wage disputes. The economy, Europe's biggest, was the weakest among its large euro zone peers last year, as high energy costs, feeble global orders and record-high interest rates took their toll.

(Reuters) — European shares opened lower on Monday, extending their lacklustre start to the year, as higher government bond yields and tepid energy stocks weighed on risk appetite.

Investing.com — European stock markets traded in a mixed fashion Monday, with risk appetite subdued at the start of a week that includes the release of key inflation data from the U.S., Japan and China. 

Germany is facing a dearth of skilled nursing staff as there are not enough qualified nurses available to meet the high level of demand. Experts anticipate that approximately another 500,000 nurses will be needed by the year 2030. Moreover, the scarcity is expected to exacerbate in the medium and long term due to demographic shifts. The Triple Win Programme was established in 2013 by the German Federal Employment Agency's International Placement Services (ZAV) and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH for the migration of qualified nurses with German companies. Think you check all the immigration boxes? Find out The project facilitates migration of healthcare personnel from India (specifically from Kerala), Indonesia, the Philippines, Bosnia and Herzegovina and Tunisia. The collaborative efforts of the Federal Employment Agency and GIZ involve the placement of skilled nurses from overseas to work in Germany. The program operates under an agreement between the German Federal Employment Agency (BA) and Norka Roots, focusing on the selection and placement of nursing professionals.

Japan skipper Yuri Nagai on Sunday said they made a few changes to their squad following a heart-breaking loss to India in the Asian Champions Trophy final and picked themselves as a top contender for the Women's Olympic qualifiers. Japan and New Zealand, the final two remaining teams, arrived here on Sunday for the highly-anticipated Olympic Qualifiers beginning on January 13. «Among the Asian representatives, Japan and India are the sole contenders in this tournament.

Officials in New York say most of the 23 people on board a bus that crashed on U.S. Highway 87 Friday, leaving at least one person dead, were Canadian citizens.

Ant Group is closing in on a deal to buy Dutch payments firm MultiSafepay as part of the Chinese financial technology group's latest push into Western payment markets, people familiar with the matter told Reuters. The transaction, which is subject to regulatory approval, is expected to value MultiSafepay at around $200 million, one of the people said. It generates $50 million in revenue, the person added, speaking on condition of anonymity.