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Key Takeaways The German authorities have faced a $3 billion loss in potential profits by selling their Bitcoin holdings too early. Similar past US government Bitcoin sales have resulted in missed profits, as holdings auctioned for $366 million would now be worth over $23 billion. Share this article The German government missed out on an … Read more
Germany’s defence minister has told weapons makers to stop complaining and “deliver” on re-arming Europe, as he called for production to increase to match his country’s booming spending plans. Boris Pistorius told the Financial Times his government had addressed long-standing industry concerns by streamlining hundreds of billions of euros of new military spending. “There is … Read more
NEWYou can now listen to Fox News articles! Have you ever thought your dream house could offer skyline views without sacrificing style or space? Do you prefer the verticality of city apartments but wish you could also own a standalone home? These innovative prefab towers from the German company Moduleform make that possible. Named the … Read more
The German army’s growing need for new recruits is making businesses anxious that their struggle to find staff will get even harder. Corporate representatives told the Financial Times that they backed efforts to bolster the military of Europe’s largest nation as Nato seeks to strengthen its deterrence against Russia. But they are concerned that a … Read more
Three years after shutting down the idea, Germany’s largest banking group is making a U-turn. Sparkassen plans to let retail clients trade Bitcoin and other digital assets by 2026, signaling a seismic shift in traditional finance’s stance on crypto. On June 30, Bloomberg reported that Sparkassen, the German sprawling network of savings banks with roughly … Read more
Janine Kraft, store manager of the Tante Enso store in Wörlitz, Germany, sorts goods onto the shelves. Picture Alliance | Picture Alliance | Getty Images Germany’s annual inflation rate unexpectedly eased to 2% in June, bringing Europe’s largest economy in line with the European Central Bank’s target, preliminary data from statistics office Destatis showed Monday. … Read more
A German data protection official has reported Chinese AI app DeepSeek to Apple and Google, saying the app transfers users’ information to China illegally. Meike Kamp, Berlin’s Commissioner for data protection and freedom of information, told the companies that DeepSeek did not provide “convincing evidence” that users’ data was protected as required by EU laws. … Read more
In a year that’s all about Europe, there’s one key market missing out on all the investor love: France. The aftermath of President Emmanuel Macron’s surprise decision last June to hold elections is still being felt in French assets. For stocks, the picture is made worse by anemic demand for French luxury goods from previously … Read more
Amazon Web Services (AWS), Amazon’s cloud computing division, is forming a new parent company and three subsidiaries in Germany as part of a sovereign cloud the company is launching in the European Union. AWS VP Kathrin Renz will serve as managing director of AWS’ German corporate parent, which will also be led by EU-based “government … Read more
Packages with the logo of Amazon are transported at a packing station of a redistribution center of Amazon in Horn-Bad Meinberg, western Germany, on Dec. 9, 2024. Ina Fassbender | Afp | Getty Images German antitrust regulators warned Amazon on Monday that the company’s pricing mechanisms for third-party sellers could run afoul of competition laws. … Read more
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