German Finance

V20 and the G7 launch an initiative to address climate risks in vulnerable countries | News | SDG Knowledge Center

The Vulnerable Group of 20 (V20) of finance ministers and the Group of Seven (G7) have launched the Global Climate Risk Shield – “a pre-packaged financial support initiative designed for rapid deployment in times of climate disasters”. Initial contributions exceed €210 million, including around €170 million from Germany and more …

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Appointment of Steffen Kindler as CFO of Holcim

Holcim’s Board of Directors has appointed Steffen Kindler as Holcim’s Chief Financial Officer (CFO) and member of the Group Executive Committee, effective May 1, 2023. Kindler will succeed current Chief Financial Officer Géraldine Picaud, who decided to pursue other opportunities outside of the company. To ensure a smooth transition, Picaud …

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Germans who turn 18 will be offered a ‘birthday gift’ with a €200 culture pass | Germany

Young Germans are to join other Europeans in being offered a voucher to spend on their choice of cultural offerings under a scheme launched by the government. The 200 € Kulturpasswho will be made available to all 18-year-olds, has a dual purpose: to encourage young adults to experience live culture …

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UPDATE 1-German Scholz promises more air defense aid to Ukraine

(Adds Scholz’s comments) LEIPZIG, Germany, Nov 11 (Reuters) – Chancellor Olaf Scholz said Germany’s priority in helping Ukraine should be helping it defend against Russian air raids on its cities and to help rebuild its infrastructure. He added in an interview with RND newspapers on Friday that Europe should prepare …

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Georgia law enforcement and international partners solve transnational call center fraud

Georgia’s attorney general’s office said Wednesday it solved a transnational crime involving fraudulent call center services in conjunction with law enforcement from seven partner nations. As part of the effort, German and Georgian law enforcement carried out investigative activities at dozens of locations across Georgia, the office said, along with …

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The energy question divides the German government – ​​DW – 11/05/2022

Hydraulic fracturing has become the latest issue to test Chancellor Olaf Scholz’s coalition government, after Finance Minister Christian Lindner raised the possibility of lifting Germany’s partial ban last week. “We have considerable gas reserves in Germany that can be extracted without endangering drinking water,” the leader of the neoliberal Liberal …

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European stocks up; German factory orders highlight economic risks

By Peter Nurse Investing.com – European stock markets traded higher on Friday as momentum generated by a positive tone in Asia on the reopening of speculation in China overshadowed weakness in German factory orders. At 04:40 ET (08:40 GMT), the DAX futures contract in Germany was trading up 0.7%, the …

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EUROPE POWER-Spot stable to higher at the end of the holidays

FRANKFURT, Nov 1 (Reuters) – European power prices were flat in Germany on Tuesday and higher in France as the November 1 holiday in parts of the region was set to end and temperatures were expected to drop after a mild October. “Wind and solar energy are increasing day by …

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Germany can and must pave the way for EU energy solidarity | Opinions

Winter is coming to Europe and with it high energy prices, which could see many Europeans struggling to keep their homes warm. Still, it seems that Germany has its citizens covered. On September 29, Chancellor Olaf Scholz presented a plan for a 200 billion euro ($197 billion) energy package, which …

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Switzerland to consider new German request to allow arms re-exports to Ukraine

ZURICH (Reuters) – Germany has made another request to neutral Switzerland to allow it to re-export Swiss-made munitions to Ukraine for use in its war against Russia, after being rebuffed earlier this year. A spokesman for Switzerland’s economic affairs department said a letter to this effect had been received from …

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Star Studded Field Announced for Calgary National Bank Challenger Event

Calgary National Bank Challenger Canadian tennis stars Eugénie Bouchard and Vasek Pospisil and Germany’s Sabine Lisicki among the players in competition Star Studded Field Announced for Calgary National Bank Challenger Event Star Studded Field announced for Calgary National Bank Challenger event – photo credit R. Parthibhan CALGARY, Alta., Oct. 24, …

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German FinTech to Launch Sharia-Compliant Cryptocurrency and Blockchain

German FinTech company Caiz Development is building a Sharia Compliant Cryptocurrency and blockchain designed to unlock financial opportunities for millions of underbanked people in developing countries. Caizcoin will comply with the principles of Islamic finance. The blockchain will also offer transactions respecting Sharia rules. “In 2018 and 2019, we came …

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FTI Consulting continues the expansion of the Corporate Finance & Restructuring segment in the EMEA region with three senior executive hires

LONDON, October 18, 2022 (GLOBE NEWSWIRE) — FTI Consulting, Inc. (NYSE: FCN) today announced the continued expansion of its Corporate Finance & Restructuring segment into Europethe Middle East and Africa (“EMEA”) with the appointments of Connie Chan and Emma Donnelly in the UK and Raphaël Miolane in France as senior …

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German Greens state stance on nuclear power amid federal government infighting | News | DW

The Green Party, one of the three federal ruling coalition parties, has supported German Economy Minister Robert Habeck in his plan to keep two nuclear power plants on standby in the event of an energy crisis during the winter, until April 2023. At the Friday evening delegate meeting in Bonn, …

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Ukraine can count on G7 financial support in wartime

* G7 assured Ukraine of continued support – finmin german * Lindner calls for a more systematic approach to aid to Ukraine * Denies that Germany is slowing down the disbursement of aid WASHINGTON, Oct 13 (Reuters) – Leaders of the wealthy Group of Seven (G7) nations have assured Ukrainian …

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Capgemini acquires German business intelligence firm Braincourt

As part of its fourth European deal this year, Capgemini acquired Braincourt, a German company specializing in business intelligence and data science services. The agreement provides for the transition of a team of approximately 90 people to the German division of Capgemini. “Their team is a natural fit for Capgemini …

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Ex-finance minister Tito Mboweni says murder of German tourist ‘boring’

Former Finance Minister Tito Mboweni has expressed his displeasure over the murder of a German tourist He said the 67-year-old’s murder had undermined efforts to promote tourism in South Africa. Meanwhile, Police Minister Bheki Cele reassured that the ‘callous’ murder would not go unpunished PAY ATTENTION: Click “See First” under …

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NORD/LB partners with Trade Ledger to bring rapid funding to businesses

Partnership streamlines processes for faster loan decisions by delivering next-generation digital solution LONDON, October 4, 2022 /PRNewswire/ — NORTH/LB, one of germany largest commercial banks, is accelerating access to finance for its large corporate clients, through a partnership with Trade Ledger, the global data-driven lending technology provider. NORD/LB will use …

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The Alliance of Net Zero Asset Owners Convened by the UN to Convene a High-Level Forum on the Potential of Blended Finance

Content of the article GENEVA – Don’t miss this special online event organized by the Alliance of Net Zero Asset Owners and the United Nations Environment Program Finance Initiative (UNEP FI), featuring Dr. Mahmoud Mohieldin, United Nations Champion for climate, Dr Jörg Kukies, German Chancellery and Dr Andrea Hauser, KfW. …

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Live Updates: Offshore renminbi falls to lowest level on record as pressure on PBoC increases

The renminbi’s offshore exchange rate fell to its lowest level on record, putting further pressure on China’s central bank to intervene directly to support the country’s currency. The offshore rate fell 0.7% to 7.2281 Rmb against the dollar, the lowest level on record since Hong Kong clearing banks were first …

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UK Meltdown puts pressure on Keir Starmer to make his mark

(Bloomberg) — With Britain’s new Prime Minister Liz Truss facing a storm over her plans for the economy, the pound plummeting and her Conservative Party trailing in the opinion polls, her opponents’ confidence could generally be as high as energy prices. But as Labor leader Keir Starmer prepares to assert …

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European stocks slide 2.8% after weak eurozone data and new UK economic plan

European stocks were down sharply on Friday as investors digested a series of central bank decisions and a new economic plan from the UK The Stoxx 600 fell 2.8% in the early afternoon, with all sectors and major exchanges trading in the red. Oil & Gas stocks and Basic Resources …

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Europe burns cash to help companies worsen energy crisis

Join now for FREE unlimited access to Reuters.com Register Gas prices in Europe soared amid Ukraine crisis Utilities face a cash crunch Germany ‘will do everything possible’ to help businesses Russian mobilization triggers soaring oil prices BERLIN/LONDON, Sept 21 (Reuters) – Germany nationalized gas importer Uniper (UN01.DE) on Wednesday and …

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Cosmos Health will launch Sky Premium Life nutritional supplement products in Germany and Austria via Amazon and Ebay

CHICAGO, IL / ACCESSWIRE / September 15, 2022 / Cosmos Holdings d/b/a Cosmos Health, Inc. (“the company”) (Nasdaq: COSM), is a global healthcare group with proprietary lines of nutraceuticals and distributor of pharmaceuticals, branded generics, over-the-counter drugs and medical devices, today announced that the company’s proprietary line of nutraceuticals, Sky …

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EXCLUSIVE Iberdrola set to sell 49% of Germany’s offshore wind farm to EIP – source

The logo of Spanish utility company Iberdrola is seen outside its headquarters in Madrid, Spain, May 23, 2018. REUTERS/Sergio Perez Join now for FREE unlimited access to Reuters.com Register LONDON, Sept 13 (Reuters) – Global wind energy group Iberdrola (IBE.MC) is set to strike a deal with asset manager Energy …

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liwwa raises $18.5m in pre-Series B

Fintech based in Jordan Liwwa closed an $18.5 million pre-Series B equity and debt round. Founded in 2015, liwwa uses technology in all of its operations to provide tailored financial solutions. It also owns and operates the liwwa investment platform, a peer-to-peer platform that allows retail investors to fund liwwa …

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EU ministers struggle to find common solutions to high energy costs

(Reuters) European Union energy ministers met in Brussels on Friday to find a common approach to tackling soaring electricity prices that have left consumers and businesses struggling. German Economy Minister Robert Habeck said upon arriving at the meeting that he supported emergency measures to help households, but urged caution when …

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Financial rules are becoming more complex. Kiss him.

Comment this story Comment It seems blindingly obvious: banks shouldn’t trade stocks to help investors claim refunds of taxes they haven’t paid. Yet in Germany it took a court ruling last year to confirm it was illegal a decade after the practice was banned. A series of international lenders are …

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Factbox: Europe’s efforts to protect households from soaring energy costs

September 2 (Reuters) – Europe faces massive increases in its energy bills due to soaring gas prices as the conflict in Ukraine and European sanctions against Russia heighten concerns over gas supplies . Here are some of the policies Britain and European Union member states have announced to help protect …

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Lufthansa aims to minimize the effect of the pilots’ strike on Friday

BERLIN (Reuters) – Germany’s Lufthansa said on Thursday it would do all it could to minimize the effects of a pilots’ strike due to start on Friday and defended its offer in wage talks. The union, Vereinigung Cockpit (VC), said on Wednesday night that wage negotiations had failed and the …

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Ukraine receives record $4.6 billion in foreign aid in August, pending EU MFA in September-early October – Finance Minister

A total of $3 billion in grants recently provided by the United States through the World Bank brought total foreign aid in August to $4.6 billion, a record monthly volume since the beginning of the war, said Finance Minister Serhiy Marchenko. “We also expect to receive $1.5 billion in grant …

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Why a strong U.S. labor market amid resilient demand may mean aggressive rate hikes

The latest US jobs report ahead of the Federal Reserve’s September policy meeting likely showed employers continued to add jobs at a healthy – albeit more subdued – pace in August, underscoring the sustainability and the strength of the labor market and the need for an aggressive policy response to …

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Franchise Global Reports Second Quarter 2022 Financial Results; Revenue increased $13.1 million year-over-year to $13.5 million

For the quarter, the Company’s German reportable segment achieved revenues of $13.5 milliongross profit of $1.0 million and the net income of $0.1 million. For the period since the beginning of the year, the Company Germany reportable segment achieved revenues of $30.1 milliongross profit of $2.1 million and the net …

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German exporters hit by €70 billion price squeeze

By Rene Wagner BERLIN (Reuters) – German exporters are in “extreme price compression” and have incurred additional costs of 70 billion euros ($69 billion) this year due to soaring producer and supplier prices. import, said the Association of German Chambers of Industry and Commerce (DIHK). Wednesday. According to surveys and …

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Global financial crash warning: ‘Global recession is approaching’ as euro zone is about to be crushed | City & Business | Finance

Governments around the world have faced successive crises that have put immense pressure on their economies, as inflation soars and the crisis in the cost of living threatens consumer spending. While many – including the eurozone and the UK – have stepped in to prevent a full-scale recession during the …

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German Economy Minister rules out keeping nuclear power plants in operation to save gas

German Economy and Climate Action Minister Robert Habeck speaks during a press conference on the future use of liquefied natural gas (LNG), in Berlin, Germany, on 16 August 2022. REUTERS/Lisi Niesner/File Photo Join now for FREE unlimited access to Reuters.com Register The Minister of Economy says that nuclear power plants …

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Grilling over Scholz’s handling of multibillion-euro tax evasion ends in stalemate

Scholz testifies before Hamburg lawmakers on fraud handling Case risks undermining Scholz as he faces multiple crises Scholz’s popularity trails top ministers, SPD third in polls BERLIN, Aug 19 (Reuters) – Hamburg lawmakers have questioned German Chancellor Olaf Scholz about his handling of a billion-euro tax evasion while he was …

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After restoring ties, Lapid and Erdogan agree to restart Israeli flights to Turkey

Musk says Manchester United purchase tweet was a joke Elon Musk tweets that ‘I don’t buy any sports teams’, calling a viral post about his purchase of Manchester United football club a joke. The world’s richest man is used to posting provocative statements on Twitter for fun and Musk was …

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Canada-Germany LNG deal looks unlikely as focus on hydrogen grows

Prospects for a liquefied natural gas (LNG) export deal from Canada to Germany are set to evaporate as German Chancellor Olaf Scholz prepares for a visit to Montreal, Toronto and Stephenville, Land -Neuve, from August 21 to 23, depending on The energy mix. For months, Canadian fossil fuels have been …

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Visit of German Chancellor Olaf Scholz to Canada

OTTAWA, ON, August 13, 2022 /CNW/ – The Prime Minister, Justin Trudeauannounced today that the Chancellor of Germany, Olaf Scholzwill visit Montreal, Quebec, Toronto, Ontarioand Stephenville, Newfoundland and Labradorof August 21 to 23, 2022. Prime Minister Trudeau will meet with Chancellor Scholz in Montreal to advance our shared priorities, including …

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German regulator asks Allianz to improve controls – source

The Allianz logo is seen on a building in Paris, France, April 30, 2020. REUTERS/Charles Platiau/File Photo GLOBAL BUSINESS WEEK AHEAD Join now for FREE unlimited access to Reuters.com Register FRANKFURT, Aug 12 (Reuters) – German financial watchdog BaFin has asked Allianz (ALVG.DE) to improve internal controls following fraud at …

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Pound jumps 1.3pc as US inflation slows

ghello. Households need at least an extra £500 to survive soaring energy bills this winter as price cap forecasts keep rising. That’s according to Octopus Energy boss Greg Jackson, who said current £400 aid plans ‘were clearly not enough’ and urged the government to go further. He said direct help …

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Scholz under growing pressure over tax evasion – The Irish Times

German Chancellor Olaf Scholz is to be questioned again for tax evasion at a Hamburg bank after police discovered nearly 215,000 euros in cash hidden by a political ally linked to the institution. Two days after Mr Scholz’s election victory last September, Hamburg investigators found the money – of unknown …

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The federal states want to co-finance the 9 euro tracking ticket

The Länder demand that the Federal Minister of Transport, Volker Wissing (FDP), quickly presents a concept for a follow-up regulation of the 9-Euro-Ticket. “If Minister Wissing wants a successor ticket to be operational as early as September, he should deliver it now without delay,” said the chair of the conference …

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Cyber ​​Insurance Provider Coalition appoints its first CFO as it plans to expand

Cybersecurity insurance provider Coalition Inc. has named its first chief financial officer after raising $250 million in a Series F round. The San Francisco-based company said Jim Young started July 25 as chief financial officer. Mr. Young most recently served as chief financial officer of agricultural technology company Indigo Ag. …

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Germany and other EU countries block funds for Ukraine: official

Ukraine has accused Germany and other EU countries of blocking funds the bloc previously approved for Kyiv as it faces a financial crisis caused by the Russian invasion. “We are expecting eight billion euros ($8.2 billion), but unfortunately some EU states, including Germany, are blocking the verification of this issue,” …

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Masdar and CPPIB among those seeking a stake in Iberdrola’s €1.4 billion German wind farm

The logo of Spanish utility company Iberdrola is seen outside its headquarters in Madrid, Spain, May 23, 2018. REUTERS/Sergio Perez Join now for FREE unlimited access to Reuters.com Register LONDON, July 31 (Reuters) – Abu Dhabi’s Masdar and the Canada Pension Plan Investment Board (CPPIB) are assessing firm offers for …

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Nazi billionaires – the murky origins of Germany’s industrial wealth

When Porsche makes its planned public debut later this year, descendants of the sports car maker’s eponymous founder – an SS officer who was Hitler’s favorite automotive engineer – will be among the main beneficiaries of Germany’s biggest listing since. decades. The family of Adolf Rosenberger, a German Jew who …

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The Sion solar car will go into production in 2023 – Expat Guide to Germany

The Sion, a family car for five people completely covered with solar panels, is expected to enter series production in the second half of 2023, the German start-up developing the vehicle said on Monday. After years of development, Sono Motors is now building a fleet of test vehicles before handing …

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German finance minister under fire over alleged links to Porsche | News | DW

German Finance Minister Christian Lindner is currently at the center of a controversy in the German media over alleged conversations he allegedly had with the head of Porsche about the government’s policy on climate-friendly cars. On Friday, German public broadcaster ZDF’s satirical news program ‘Die Anstalt’ aired a quote allegedly …

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TiNDLE NOW AVAILABLE AS A BRAND NEW SPECIAL MENU AT SCHMATZ IN TOKYO

In a city widely recognized for its concentration of high-caliber eateries and restaurants, Tokyo residents can now sample TiNDLE, the “ridiculously good” plant-based chicken, just like TiNDLE Karaage and TiNDLE Hamburg Steak at Schmatz – the famous modern German beer restaurant Starting July 20, TiNDLE will be available at Schmatz …

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Robert Lewandowski joins Barcelona from Miami after sealing £42.5m move from Bayern Munich | Transfer Center News

Robert Lewandowski has joined his new Barcelona teammates in Miami after completing his £42.5m (€50m) move from Bayern Munich. Barca reached an agreement to sign the striker, who would have signed a three-year deal with the club with an option for a further 12 months, over the weekend. Although there …

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Indonesia urges G-20 finance leaders to make progress in tackling global economic threats

JAKARTA – Indonesia on Friday July 15 urged finance ministers and central bank chiefs from the Group of 20 largest economies (G-20) meeting in Bali to step up their efforts to address the current global economic challenges aggravated by war. from Russia to Ukraine. Seeking consensus on collective action in …

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WFW advises Commerz Real, Ingka Investments and KGAL on the acquisition of the remaining 20% ​​stake in German offshore wind farm Veja Mate

Watson Farley & Williams (“WFW”) advised an international consortium comprising Commerz Real, Ingka Investments and KGAL in connection with their joint indirect acquisition of the remaining 20% ​​stake in the Veja Mate offshore wind farm from Siemens Financial Services . Located approximately 95 km northwest of the North Sea island …

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Energy supply crisis, COVID woes weigh on European stocks

The DAX chart of the German stock price index is pictured on the stock exchange in Frankfurt, Germany, July 7, 2022. REUTERS/Staff Join now for FREE unlimited access to Reuters.com Register Nord Stream I begins annual maintenance Autos and miners among the big losers in the sector Dufry to buy …

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Germany reacts to Boris Johnson’s resignation as EU officials plot Brexit | Politics | New

Nils Schmid, who is a leading figure in the ruling Social Democratic Party of Germany (SPD), has mocked Boris Johnson as a ‘clown’ as he gloated over his fall from power. Speaking to DW, Mr Schmid said German and European Union officials hoped Mr Johnson’s resignation would trigger a major …

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UPDATE 1-German yields set for biggest jump since March 2020 after Fed minutes, China stimulus headline

(Redesign, add details, comment, update prices) By Yoruk Bahceli July 7 (Reuters) – Benchmark German bond yields were set to see their biggest daily rise since March 2020 on Tuesday, as U.S. Federal Reserve meeting minutes and a Chinese stimulus stock added to the fight between fears of inflation and …

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EasyJet departures aside, the buck ultimately ends with the chief executive | Nils Pratley

NOTot another unscheduled cancellation at easyJet. This time it’s the COO who gets punished, though the precise circumstances of Peter Bellew’s exit from the company have been lost in the fog of corporate talk. He resigned “to pursue other business opportunities,” the statement said, without specifying which ones. Almost the …

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Bulgarian Finance Minister receives mandate to form government

At least 21 people were killed, including two children, in Russian missile attacks on a village near the Ukrainian port city of Odessa, authorities said, a day after the withdrawal of invading Russian forces from a strategic Black Sea island. Video of the aftermath of the July 1 attack showed …

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Weather Index Provider of the Year: Solactive

German company Solactive has been voted weather index provider of the year after a series of innovative climate-focused launches for asset managers and issuers across Europe. A provider of indexing and benchmarking solutions for the investment community, Solactive’s “open architecture” approach – working with many different ESG data providers – …

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Live Updates | 5 major emerging economies join G-7 summit

Leaders of the Group of Seven pose during a group photo at the G7 summit at Elmau Castle in Kruen, near Garmisch-Partenkirchen, Germany, Sunday, June 26, 2022. The major economic powers of the Group of Seven se gather in Germany for their annual gathering Sunday through Tuesday. From left to …

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Breaking news in Ukraine: Russian missile barrage; German Fossil Fuel Plan

Breadcrumb Links PMN Company Russia began the fifth month of its invasion with a widespread bombardment of Ukrainian military targets and infrastructure, including in far western regions about 800 miles from the main fighting in Donbass. Airstrikes were launched from Belarusian territory for the first time, Ukrainian officials said. Author …

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EUROPE POWER-Germany’s gas alarm sends curve contracts to record highs

FRANKFURT, June 23 (Reuters) – European power curve benchmarks set new records on Thursday as Germany triggered the “alarm phase” of its gas emergency plan in response to the decline in Russian supply while halting before allowing utilities to pass on soaring energy costs to customers. Gas generated 15% of …

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German finance minister breaks ranks on EU plans to scrap car by 2035 – POLITICO

BERLIN — German Finance Minister Christian Lindner said on Tuesday he does not support his government’s agreed position in favor of an EU-wide ban on the sale of new petrol and diesel cars from 2035. Speaking at a conference of the German industry lobby, the BDI, in Berlin on Tuesday, …

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Live updates: EasyJet cuts more summer flights as staff shortage hits

A train sits at North Acton station in London. The Metro faces another staff walkout © John Sibley / Reuters What started with misery at the pumps due to rising fuel prices, then air travel disruption due to understaffing will this week spread to problems on trains – in the …

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Russo-Ukrainian War: What We Know About Day 115 of the Invasion | Ukraine

Ukrainian paramedic released from Russian captivityUkrainian President Volodymyr Zelenskiy announced on Saturday. He said Ukraine succeeded in securing the release of Yulia Payevska, a civilian paramedic captured by Russian forces in Mariupol on March 16. ukrainian president Volodymyr Zelenskiy tweeted that the bravery of Ukrainians had created the opportunity for …

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Swiss move triggers biggest rise in German bond yields in a decade

By Yoruk Bahceli (Reuters) – Eurozone bond yields jumped on Thursday after a large unexpected rate hike by Switzerland that focused on the ramifications of the policy change for the region, but Italian debt outperformed thanks to efforts to the ECB to control divergent euro area borrowing costs. A day …

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ResMed to acquire MEDIFOX DAN, a German leader in out-of-hospital software solutions

Acquisition Creates Global Leader in Community-Based Software Solutions Accelerates ResMed’s SaaS strategy by expanding ResMed’s position as the leading US provider of SaaS solutions to out-of-hospital care facilities in Germany MEDIFOX DAN will integrate with ResMed’s non-hospital SaaS business segment, expanding its solution portfolio to new healthcare sectors, including outpatient …

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Bundesbank halves growth forecast for 2022, doubles inflation forecast for Germany

FRANKFURT, June 10 (Reuters) – The Bundesbank on Friday downgraded its growth forecast for the German economy and predicted a sharp rise in inflation as soaring food and fuel prices undermine government power. household buying and undermining confidence. The German central bank now sees prices rising by 7.1% in 2022, …

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Russia is in an upside down world where Belarus leads German exports

(Bloomberg) — Russian efforts to rewire trade flows and circumvent sanctions for the war in Ukraine cannot compensate for the collapse in imports that is crippling its economy. Bloomberg’s Most Read A striking result so far: For the first time, neighboring Belarus, which Russia used to stage the invasion, in …

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German media say Croatia’s eurozone membership is good for tourists

June 4, 2022 – German media have claimed that Croatia’s membership of the Eurozone, which will now take place definitively on January 1, 2023, is a good thing for tourists and travellers. As Poslovny Dnevnik writing, the opinion and subsequent decision of the European Commission (EC) that the Republic of …

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NORDIC POWER – First Quarter Slides on Lower Spot Rates and Lower German Prices

June 2 (Reuters) – First-quarter Nordic power prices fell on Thursday, after hitting a more than two-month high in the previous session, under pressure from lower-than-expected spot prices and a a decline in German rates. * The Nordic first quarter baseload electricity contract fell by 1 euro to 110.00 euros …

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Russia’s economy is unraveling: consumers are starting to feel the pinch of sanctions

Natalia Klyueva began her search for a new job in Moscow in February – just before Russia’s invasion of Ukraine and the wave of retaliatory sanctions from the West. Three months later, the 46-year-old finds that her 20 years of high-level sales experience mean little in a war-torn corporate world. …

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The weak link in the German economic engine is fraying

(Bloomberg) – Germany’s energy security hinges on a utility whose bets on Russian energy backfire in the geopolitical impasse over President Vladimir Putin’s invasion of Ukraine. Bloomberg’s Most Read Amid volatility in gas markets, Uniper SE – set up six years ago to manage aging fossil fuel assets – has …

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$10.47 billion in German social commerce market opportunities by 2028 by end-use segment and device, location, payment method, demographics and consumer behavior

DUBLIN, May 27, 2022 /PRNewswire/ — The “Germany Social Commerce Market Intelligence Data Book and Future Growth Dynamics – Over 50 KPIs on Social Commerce Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics and Consumer Demographics – Q1 2022 Update” report has been added to from ResearchAndMarkets.com offer. Research_and_Markets_Logo …

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Germany to reopen dormant coal plants if Russia cuts gas supply

A threat from the Russian president would trigger the emergency plan and allow the reopening of coal-fired power plants without parliamentary authorization. Berlin planned to shut down much of its six-gigawatt national reserve of coal-fired facilities as part of its coal phase-out. Mr Habeck, a member of the Greens in …

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Germany climbs back into top 10 of global financial secrecy rankings

Germany is generally not considered a safe haven for people wishing to evade detection or taxation. However, according to a new ranking, the Federal Republic is actually one of the top 10 countries in the world that are complicit in helping people hide their wealth from the rule of law. …

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Germany to deliver first 15 Gepard tanks to Ukraine in July to fight Russian invasion

To help Ukraine fight Russian forces, Germany decided to send 15 Gepard tanks to the war-torn country. On Friday, a Defense Ministry official in Berlin confirmed that Germany would transfer the first 15 Gepard tanks to Ukraine in July. The official noted that German Defense Minister Christine Lambrecht had agreed …

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Global stocks fall as growth fears linger, safe havens gain

A trader works on the floor of the New York Stock Exchange (NYSE) in Manhattan, New York, U.S., May 19, 2022. REUTERS/Andrew Kelly Join now for FREE unlimited access to Reuters.com Register Global stocks slide as Wall St rally tumbles Bonds rally to call for safety, dollar retreats from highs …

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Using Russian assets in Ukraine would be a mistake

Two girls sit in a public square in front of destroyed buildings amid the Russian invasion of Ukraine, in Borodyanka outside kyiv, Ukraine May 16, 2022. Picture taken May 16, 2022. REUTERS /Jorge Silva Join now for FREE unlimited access to Reuters.com Register LONDON, May 17 (Reuters Breakingviews) – Western …

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Finland, neighbor of Russia, announces that it wants to join NATO | Business and finance

BERLIN (AP) — Finland’s president and government announced Sunday that the Nordic country intends to apply for NATO membership, paving the way for the expansion of the 30-member Western military alliance amid Russia’s war in Ukraine. President Sauli Niinisto and Prime Minister Sanna Marin made the announcement during a joint …

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Nabaltec AG wins the Best Managed Companies award for the fourth time

DGAP-News: Nabaltec AG / Keyword(s): MiscellaneousNabaltec AG wins the Best Managed Companies award for the fourth time 13.05.2022 / 11:00 The issuer is solely responsible for the content of this announcement. Nabaltec AG wins the Best Managed Companies award for the fourth time Schwandorf, May 13, 2022 – This week, …

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Fraport to rethink Russian airport involvement if used against Ukraine

Stefan Schulte, Chairman of the Management Board of Fraport AG, speaks during a groundbreaking ceremony for Frankfurt Airport’s new Terminal 3 in Frankfurt, Germany April 29, 2019. REUTERS/ Ralph Orlowski Join now for FREE unlimited access to Reuters.com Register FRANKFURT, May 9 (Reuters) – German airport operator Fraport (FRAG.DE) said …

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Germany expects pro-Russian activities on May 9: report | News | DW

Domestic intelligence in Germany expects “car parades and demonstrations” on Monday in support of Russia, and possibly the invasion of Ukraine, German media reported on Saturday. The Federal Office for the Protection of the Constitution expects pro-Russian activities to take place on May 9 to mark Victory Day, a public …

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Visit to Ukraine by German Foreign Minister Annalena Baerbock

The Russian Embassy in Estonia on Thursday accused Estonia of restricting media freedom, citing notes published by the non-governmental organization “Reporters Without Borders”. In a Facebook post, the Moscow Embassy said that since February this year, when Putin was launching his special military operation in Ukraine, Estonia has banned the …

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Illumina Supports Leading German Hospital to Accelerate Diagnosis of Genetic Diseases in Critically Ill Children

A study from Hannover Medical School will evaluate the use of whole genome sequencing to show the positive impact of early diagnosis and treatment for children with suspected genetic disorders SAN DIEGO–News Direct–Illumina SAN DIEGO, April 25, 2022 /3BL Media/ — Illumina, Inc. (NASDAQ: ILMN), a global leader in DNA …

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the war shatters our illusions about the German elite

However, the Kremlin’s tentacles extend much wider to the German economy than to the energy industry. Until the 2014 invasion of Crimea forced Angela Merkel to impose limited sanctions and Putin turned to Xi Jinping’s China for technology, Germany was Russia’s biggest trading partner. And it was only after tanks …

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A requiem for negative government bond yields

AS BURSTS OF INFLATION and as central banks begin to reverse the ultra-loose monetary policies that have defined the past 14 years in financial markets, one of the most striking signs of the cheap money era is fading. The pool of negative yielding bonds evaporates. Less than three years ago, …

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Russian finance minister to attend G20 meeting virtually, Indonesia says

Russian Finance Minister Anton Siluanov speaks during a session of the VTB Capital Investment Forum “Russia Calling!” in Moscow, Russia, November 28, 2018. REUTERS/Maxim Shemetov Join now for FREE unlimited access to Reuters.com Register JAKARTA, April 14 (Reuters) – Indonesia, host of the G20, said on Thursday that Russian Finance …

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Meet the brother-sister team that launched Europe’s leading medical cannabis company

As awareness and acceptance of cannabis take root around the world, a sister-brother team of entrepreneurs in Germany are at the forefront of Europe: Anna-Sophia and Niklas Kouparanis. The siblings are co-founders of the leading medical cannabis holding company, the Bloomwell Groupwho recently published the European Cannabis Market Survey – …

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Boris Becker: From tennis greatness to financial disaster | Boris Becker

Since the day in 1985 when he went from unranked 17-year-old to the youngest male tennis player to win a Wimbledon final, Boris Becker has had a special connection with the British public. Loved for his triumphs, Wimbledon audiences loved him even in defeat: 10 years after becoming an overnight …

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Opinion: Germany needs a new economic model | Business | Economic and financial news from a German perspective | DW

The first casualty of war is the truth they speak, and Russia’s aggression against Ukraine has proven this once again. At the same time, war can also reveal truths that would normally remain hidden and undiscussed in times of peace. A hard truth about the German economy was unveiled by …

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German premiere of “SuperHero Kindergarten” by Stan Lee on the Austrian channel ORF

DGAP-News: Your Family Entertainment AG / Keyword(s): Contract05.04.2022 / 09:00 The issuer is solely responsible for the content of this announcement. Company NewsYour AG Entertainment Family(WKN A161N1 / ISIN DE000A161N14 and WKN A3M QDJ / ISIN DE000A3MQDJ8) Your Family Entertainment AG: German premiere of “SuperHero Kindergarten” by Stan Lee on …

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German inflation hits 40-year high as ECB president warns of ‘supply shock’

German inflation hit its highest rate in 40 years when European Central Bank President Christine Lagarde warned that Russia’s war in Ukraine was causing a “supply shock” for the German economy. eurozone. A 39.5% rise in energy prices year-on-year was the main driver behind the higher-than-expected increase in harmonized consumer …

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Why does the ASX block all at once?

In the world of clearing and settlement, blockchains can be used to enable same-day issuance and automated, paperless peer-to-peer processing. As it stands, the ASX process involves several manual reconciliation processes on a bespoke and aging infrastructure that does not easily connect to global technological changes. The ASX, in partnership …

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The war in Ukraine is collapsing the morale of German companies

BERLIN (Reuters) – German business morale plummeted in March as companies worried about rising energy prices, driver shortages and the stability of supply chains in the wake of the war in Ukraine, suggesting a possible future recession, according to a survey published on Friday. The Ifo institute said its business …

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Last war in Ukraine: UK to reveal funding and missiles for Ukrainian Armed Forces

British Prime Minister Boris Johnson will unveil a £25 million financial package for Ukraine’s armed forces on Thursday, along with 6,000 defensive missiles, as part of efforts to bolster Western military and economic support for Ukraine. At a meeting with his G7 and NATO counterparts in Brussels, Johnson is expected …

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Biden warns Putin’s ‘back is against the wall’

Russian Nobel laureate to auction medal for Ukrainian refugees The Associated Press 15 min / 10 h 52 UTC ago Russian journalist Dmitry Muratov has said he wants to auction off his 2021 Nobel Peace Prize medal to raise money for Ukrainian refugees. Muratov called on Tuesday in the independent …

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German League secures credit facility from public lender KfW – sources

General view of the coal-fired power plant of German energy company LEAG, in Jaenschwalde, Germany, October 21, 2021. REUTERS/Matthias Rietschel Join now for FREE unlimited access to Reuters.com Register VNG also confirms having approached KfW Leag becomes the third German energy company to seek credit lines Energy companies need billions …

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German finance chief wants measures to curb rising fuel prices

Germany’s finance minister has offered a ‘crisis discount’ to ease the impact of recent fuel price hikes due to the war in Ukraine By FRANK JORDANS Associated Press March 14, 2022, 6:10 p.m. • 2 minute read Share on FacebookShare on TwitterEmail this article BERLIN — Germany’s finance minister offered …

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India’s Tata Steel explores alternative coal supply amid Russian-Ukrainian crisis

BERLIN (Reuters) – Germany is set to review its ban on allowing new oil and gas drilling in the North Sea as it tries to reduce its dependence on Russian energy due to the invasion of Ukraine, Finance Minister Christian Lindner said on Sunday. Under the coalition agreement between Chancellor …

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Germans tout return of conscription, say military service could ‘really do good’ for society

Leaders from across the political spectrum in Berlin have called for the reintroduction of compulsory service, as Germany reassesses its relationship with its armed forces. Reintroducing compulsory service would “really do good” for German society and help bring people together, Carsten Linnemann, deputy leader of the conservative CDU party, said …

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If you want to hit the Russian economy hard, aim for energy export | Nils Pratley

At the start of Russia’s invasion of Ukraine a week ago, almost all analysts agreed that Russian oil and gas would continue to flow west. The state of mutual energy dependence seemed too entrenched. On the one hand, the EU could not easily decouple from the source of 38% of …

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German envoy to boost energy security and climate during visit to US as Europe weighs Russian gas dependence

The German Vice Chancellor is traveling to Washington for talks with US officials which will focus on energy security and the need to increase renewable energy supply in the wake of Russia’s attack on Ukraine. Germany gets much of its energy from Russia in the form of coal, BRN00 oil, …

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EU will sanction Putin and Lavrov, says German Foreign Minister

European Union leaders have considered what some call the “nuclear option” of removing Russia from SWIFT, a high-security network that connects thousands of financial institutions around the world, following the invasion of Ukraine. US President Joe Biden said Thursday that pulling Russia out of SWIFT is not the direction the …

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Biden sanctions Russian gas pipeline company Nord Stream 2

WASHINGTON — President Joe Biden on Wednesday sanctioned the Russian company responsible for building and operating the Nord Stream 2 gas pipeline, along with its executives. Biden said in a report the sanctions are part of the “initial tranche” of economic restrictions the United States began imposing on Russia earlier …

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Deluge of Japanese liquidity ready to buy Treasuries after the Fed

(Bloomberg) – The Treasuries are off to their worst start to a year in more than four decades, but a familiar set of supporters could soon come to their rescue. Bloomberg’s Most Read Japanese investors – the largest overseas holder of US bonds – are gaining momentum to increase their …

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Russia is using deception as a pretext for invading Ukraine, Western leaders warn

Western leaders have said Russia is following a “manual of deception” to justify an invasion of Ukraine, amid escalating clashes in the east of the country between Ukrainian forces and pro-Russian separatists. Speaking at the Munich security conference, US Vice President Kamala Harris said Moscow was creating false pretenses for …

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