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German Unions Reject UniCredit’s Potential Takeover of Commerzbank

Frankfurt, September 11 (FinanceFlashNews.com) – The German labor union Verdi has strongly opposed a potential takeover of Commerzbank by its Italian competitor UniCredit. Stefan...

German Machinery Manufacturers Expect Significant Production Decline This Year

German machinery production is forecast to fall by 8% in 2024, doubling the previous estimate of 4%. Weak demand from key markets such as the...

Business Sentiment in German Residential Construction Worsens Again

The Ifo Institute's confidence index for residential construction fell to -47.9 points in August from -46.4 in July. Half of the surveyed companies expect a...

Asian E-commerce Giants Challenge German Footwear Market, Threaten Local Retailers

Düsseldorf, September 7 (FinanceFlashNews) - German shoe retailers and manufacturers are grappling with stiff competition from Asian e-commerce platforms, reported the German Retail Association...

German Unions Demand €20 Billion Annual Investment in Housing Construction

Berlin, September 6 (FinanceFlashNews) – Germany urgently needs an annual stimulus program worth €20 billion to address the country's housing shortage, according to the...

DIW Institute Predicts Zero Growth for German Economy in 2024

Berlin, September 6 (FinanceFlashNews) – The German Institute for Economic Research (DIW) revised its forecast for the German economy, predicting zero growth in the...

Germany’s Trade Surplus Drops to 19-Month Low in July 2024 Amid Rising Imports

Berlin, September 6, 2024 (FinanceFlashNews) – Germany's trade surplus fell to €16.8 billion in July 2024, its lowest level in 19 months, driven by...

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