Germany’s Bitcoin sales spark market turmoil
For the past few weeks, Germany has been quietly shaking the cryptocurrency world, offloading hundreds of millions of dollars worth of bitcoin and triggering a [more…]
Category: Germany
Allianz’s Q1 profits surge 21.8% on strong growth
Allianz, Europe’s insurance behemoth, kicks off the year with a performance that could rival a Beethoven symphony in its grandeur and precision. The German giant, [more…]
Uber acquires Foodpanda Taiwan for $950 million, strengthening its Asian market hold
In a move to solidify its dominance in the Asian market, Uber Technologies is acquiring Delivery Hero’s Foodpanda business in Taiwan for a whopping US$950 [more…]
HelloFresh stock dives on gloomy 2024 forecast
HelloFresh, the once-heralded recipe box delivery company, experienced a staggering 42% drop in its share price on Friday morning, marking its worst trading session ever. [more…]
Germany’s economic growth forecast slashed amidst global turbulence
Germany’s economic outlook has hit a rough patch, with the country’s GDP growth forecast for this year slashed to a mere 0.2%. The revised estimate, [more…]
Surprise drop in French inflation signals potential ECB rate cut
Consumer prices in France took a surprising dip, offering a welcome respite to wallets feeling the strain. The French statistical office INSEE confirmed that annual [more…]
Germany rises to third-largest economy, as recession hits Japan
Japan’s economy has been facing a challenging path to recovery, and recent data shows that the country has unexpectedly slipped into a recession, losing its [more…]
KfW Bank of Germany plans accelerated bookbuild to sell Deutsche Post shares
Germany’s state-owned KfW Bank has announced the launch of a placement of 50 million shares of its holding in Deutsche Post AG through an accelerated [more…]
UK services sector grows strongly, while France and Germany face challenges
In January, Britain’s services sector experienced robust expansion, marking its fastest growth in eight months, according to the S&P Global UK Services Purchasing Managers’ Index [more…]
Delivery Hero sells stake in Deliveroo, shares plummet
Berlin-based food delivery giant Delivery Hero witnessed a significant drop in its shares as it announced the sale of its minority stake in Deliveroo, a [more…]