Barclays Prefers German Blue-Chip Stocks Over French
Strategists at Barclays, a London-based bank, said that German blue-chip stocks show more promise compared to their French counterparts.
Germany
German Government Plans New Chip Subsidies
The German government is currently preparing new investments in the country’s semiconductor industry two months after Intel Corp. shelved intentions related to the construction of a chip manufacturing plant worth 30 billion euros ($32 billion) in Magdeburg.
Travel Startup Tourlane Raises $26 Million
Berlin-based startup Tourlane, which operates in the area of travel, raised investment funds for 25 million euros ($26 million).
Rohlik Partners With Amazon in Germany
Czech Republic-based online grocer Rohlik Group will partner with Amazon for e-grocery services in Germany.
German Factory Orders Demonstrate Growth
In Germany, an increase in factory orders was recorded in September.
Deutsche Bank Shares Decline Amid Its Earnings
On Wednesday, October 23, the value of Deutsche Bank shares was on a downward trajectory, as the return of this financial institution to profit in the third quarter of the current year did not turn out to be something that impresses or could potentially impress.
German Inflation Demonstrates Decline
In Germany, in September, the harmonized consumer price index showed a decline, ending up at 1.8%.
Capmont Reportedly Launches $111 Million Fund
The media reports that the venture capital company Capmont Technology, which is based in Munich, has launched a fund worth $111 million.
UniCredit Buys Stake in Commerzbank
Italian UniCredit on Wednesday, September 11, announced the acquisition of a 9% stake in German Commerzbank.
German Inflation Slows
In August, Germany recorded a slowdown in the inflation process to the target level of the European Central Bank (ECB).
German Companies Face Financial Consequences of Cybercrime and Sabotage
On Wednesday, August 28, the results of a special survey were published, according to which last year in Germany, local companies faced financial losses of 267 billion euros ($298 billion) as a result of crimes committed in virtual space and other acts of sabotage.
Germany’s Business Outlook Remains Low
Germany’s business outlook continues to be at a low level, currently being minimal since February.
TSMC Breaks Ground on €10 Billion German Plant
Taiwan Semiconductor Manufacturing Co. (TSMC) has broken ground its first production site in Europe.
German Investor Confidence Worsens
A deterioration in investor confidence in the prospects of the German economic system was recorded.
German Business Expectations Fall
Germany’s business outlook showed a deterioration for the first time in five months, a sign that Europe’s largest economic system is facing various difficulties and obstacles on its way to recovery.
Amazon to Invest Another €10 Billion in Germany
Amazon has announced its intention to invest an additional 10 billion euros ($10.7 billion) in its cloud infrastructure and logistics network in Germany.
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