Finance & Economics

German Budget Crisis Worsens

The German leadership decided on an emergency spending freeze against the background of the decision of the country’s top court, which aggravated the already existing budget crisis, which became a kind of shock factor for Europe’s largest economy.


Germany to Help Its Tech Industry to Compete With Silicon Valley

Germany has approved a package of reforms in the sphere of capital that will help this country’s technology sector compete with Silicon Valley.

Science & Technology

German Companies Invest Over $500 Million In AI Startup Aleph Alpha

Aleph Alpha GmbH, a startup operating in the sphere of artificial intelligence, and striving to create a European competitor to large language models developed by OpenAI and Google, managed to raise investment funds for more than $500 million from a consortium of industrial giants and financial investors.


Europe’s Biggest Economy Shrinks

According to the results of the third quarter of this year, a decrease in the volume of production activity was recorded in Germany.

Fintech & Ecommerce

Instant Payments Play Key Role in Cash Decline: McKinsey

Cash usage declined by nearly 4% globally in 2022, with new developments in instant payments and digital wallets driving cash displacement in certain geographies.

Fintech & Ecommerce

Mercedes Pay+ Introduces In-Car Biometric Payments

The partnership between Mercedes and Mastercard enables embedded in-car payments via fingerprint sensor

Blockchain & Crypto

Nigeria Has The Most Crypto-Keen Population Globally

The findings from the global Web3 perception survey showed that 99% of Nigerians are more aware of Web3 and crypto concepts than people in major Western economies

Fintech & Ecommerce

FinMont to Partner With Chargebacks911

The global payment organization platform FinMont announced the beginning of cooperation with the company for the management of chargebacks Chargebacks911.

Science & Technology

Сhipmaker TSMC Сommittes $3.8 Billion to Factory in Germany

Taiwanese chip manufacturer TSMC on Tuesday, August 8, announced the provision of financing in the amount of $3.8 billion for the construction of a plant in Germany.


Commerzbank Performs Live Blockchain-Based Transactions on Trade Finance Network Contour

Commerzbank has become the first German Bank to successfully carry out blockchain-based Letter of Credit (LC) transactions for its clients at its Singapore and Shanghai branches on the digital trade finance platform Contour


Germany Reportedly Plans to Dole Out €20 Billion to Bolster Semiconductor Manufacturing

The government of German Chancellor Olaf Scholz, according to media reports, intends to provide financing for 20 billion euros for the development of semiconductor production in this country.

Fintech & Ecommerce

Flatpay Raises $16 Million for Flat-Rate POS Technology

The Danish fintech company Flatpay has raised investments for about $16 million as part of a Series A financing round.


Insify Raises $10.7 Million for Its Business Insurance Startup

The startup Insify, which is based in Amsterdam and specializes in providing business insurance services, has attracted investment funds in the amount of $10.7 million following the results of the last stage of the Series A financing round.

Fintech & Ecommerce

Payrails Raises $14.4 Million for Its OS for Complex Payments Flows

Payrails, a startup that has developed a platform for creating and using high-quality corporate payment services, announced on Wednesday, June 7, that it had received funding for $14.4 million.

Finance & Economics

Germany Falls Into Recession

Germany has slipped into recession amid a decline in consumer spending after last year’s shock in energy prices.

Society & Lifestyle

Patient21 Raises $108 Million to Expand Digital Health Platform

Patient21, a German startup operating in the field of digital healthcare, announced plans to start working in new markets after attracting investment funds for $108 million.

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