Germany's Federal Statistical Office (Destatis) confirmed the 0.1 % contraction of Gross Domestic Product in the second quarter of 2024.
Ruth Brand, president of Destatis, noted that this contraction comes after a slight increase of 0.2 % in the previous quarter.
Analysts, including the Federal…
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Faulty CrowdStrike update caused crashes in Microsoft systems
A failure to update the CrowdStrike cybersecurity platform affected Microsoft systems worldwide. The consequences are seen in different airports in the United States, Australia, the United Kingdom, Germany, among others, in addition to the…
Sponsorship of Euro 2024 in foreign hands
Euro 2024, which began on June 14 and mobilizes thousands of fans around the world, now has official foreign sponsorship. This is the Chinese automobile company BYD (Build Your Dreams), replacing the German Volkswagen, which was at the helm…
Commercial relation between Germany and Adidas will end in 2027
The German Football Federation announced on Thursday, May 2, the end of its commercial relationship with Adidas starting in 2027, when Nike becomes the manufacturer of the uniforms as well as a provider of other services.
It is estimated…
Germany changes Windows and Office for Linux and FreeOffice
The German government has promoted a momentous change in the public sector, particularly in the technological field, by migrating from Windows and Office to Linux and FreeOffice.
Germany has decided to opt for free software solutions in…
DZ Bank to test cryptocurrency trading this year
In a sign of openness to digital currencies, DZ Bank, Germany's second-largest bank, announced that it will test cryptocurrency trading for corporate banks this year.
DZ Bank has a portfolio of 700 corporate lenders. It recently announced…
German economy closed 2023 with a contraction of 0.3 %
According to data published this Tuesday by the German Federal Statistical Office, the country's economy contracted 0.3% during the last quarter of 2023.
Among the factors that influence this contraction of Germany's economy, compared to…
Germany works on a stablecoin linked to the euro
Germany advances in the field of cryptocurrencies. Recently, Deutsche Bank joined crypto fund manager Galaxy Digital in working with Dutch market maker Flow Traders Ltd. to launch a euro-pegged stablecoin.
The three partners have worked on…
Requests for information about Coinbase begin to grow
In its annual transparency report, cryptocurrency exchange Coinbase reveals a 6 % increase in requests received by government and law enforcement agencies compared to 2022. In addition, it highlights a 19 % increase in the number of…
Payments via smartphones and digital watches increase among Germans
The Forsa population institute presented data resulting from a survey on digital payments in Germany, which highlights the increase in transactions with smartphones and digital watches, despite the fact that in the country a high percentage…
Germany could cut benefits for asylum seekers
Germany has taken a tougher stance on migrants, who are increasing in number across Europe. The country proposes measures ranging from cuts to the benefits of those seeking asylum, payments in kind or more community work, to deportations.…
German government approves facilitating refugees’ access to employment
The German Government approved legal amendments this Wednesday to facilitate access to the labor market for asylum seekers and foreigners whose stay is tolerated in the country, government sources in Berlin reported.
According to the…