German Investor Confidence Worsens
A deterioration in investor confidence in the prospects of the German economic system was recorded.
Germany
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.
Black Semiconductor Raises $273 Million
The company Black Semiconductor, which is based in Germany and develops graphene-based technology for connecting chips, was able to raise investment funds for 254.4 million euros (about $273 million).
AWS Plans to Invest $8.4 Billion in Germany
Amazon Web Services (AWS) on Wednesday, May 15, announced its intention to invest 7.8 billion euros ($8.44 billion) in Germany.
German Industrial Production Demonstrates Decline
In Germany, a decrease in industrial output was recorded in March.
German State Bank LBBW to Launch Crypto Custody
Germany’s largest federal-owned bank – Landesbank Baden-Württemberg (LBBW) – has partnered with Bitpanda Technology Solutions to offer crypto custody and trading services.
German Business Outlook Improves
In Germany, an improvement in business outlook was recorded, which turned out to be higher than preliminary expectations and gave rise to cautious hopes that the country’s economic system would leave the downturn zone, which turned it into a kind of outsider of the eurozone.
Deutsche Börse Launches Regulated Spot Crypto Exchange
Crypto trading on the new Deutsche Börse Digital Exchange (DBDX) for crypto assets is now live.
France and Germany to Propose Measures for Economic Growth
French Finance Chief Bruno Le Maire said that in early March he would make proposals to German Economy Minister Robert Habeck to reduce the norms of the European Union, which, in his opinion, are a factor of negative impact on business and create obstacles to economic growth.
Microsoft to Invest in German AI Infrastructure
Microsoft President Brad Smith announced his intention to direct investment funds for €3.2 billion ($3.4 billion) to the development of artificial intelligence infrastructure in Germany.
Germany’s Investor Outlook Improves
For the seventh month in a row, Germany has recorded an improvement in the prospects for investment activity, which gives reason to hope that the worst times for the largest European economic system are in the past and the future will be a space for the implementation of a more favorable scenario.
German Prices Ease More Than Expected
At the beginning of the current year, inflation in Germany showed a slowdown, the pace of which turned out to be more significant than initial expectations for the dynamic of the decrease in the intensity of growth in the cost of goods and services.
Germany to Back EU AI Act
Germany intends to support the proposals of the European Union on the regulation of artificial intelligence after the Ministry of Transport and Digital Affairs abandoned its position of disagreement with the Law of this bloc of countries on AI.
N26 Rolls Out Stock & ETF Trading
German online bank N26 has launched the long-anticipated Stock and ETF trading product that will allow its customers to buy and sell stocks and ETFs in-app for 0.90 EUR per trade.
Volkswagen Adds ChatGPT to Vehicle Voice Assistant
Volkswagen plans to add a popular AI-powered chatbot ChatGPT function into all its car and SUV models equipped with IDA voice assistant.
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