UniCredit Buys Stake in Commerzbank
Italian UniCredit on Wednesday, September 11, announced the acquisition of a 9% stake in German Commerzbank.
Germany
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.
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.
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