Natural Disasters Cost Insurers $120 Billion In 2021 – Munich Re
Summary Second-most costly year for insurers Tally is higher than the Swiss Re estimate in December The U.S. accounts for a high portion of losses Climate change to result in ...
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Tag: Germany
Germany’s Financial Regulator Fines Deutsche Bank $10M Over Euribor Controls
Summary As it seeks to restore its reputation Deutsche Bank faces a setback The lender accepts fine saying it has improved controls Deutsche Bank (DBKGn.DE) has been fined nearly $10 ...
German Housing Market Eases But Affordability Worsens
A recent poll found that in the coming years, the price in Germany's overvalued property market looks set to ease. However, affordability will worsen as supply constraints keep values elevated, ...
Volkswagen Takes On Tesla As It Powers Up The Grid
At its charging and energy division, Volkswagen (VOWG_p.DE) plans to double staff numbers, roll out new payment technology next year and strike more alliances to take on Tesla (TSLA.O) in ...
BMW Reports €3.4bn Profit As Focus Shifts To More Expensive Cars
The carmaker is ‘overcoming difficult situations, including global shortage of computer chips. In the third quarter of 2021, BMW earned bigger profits than expected after a focus on more expensive ...
Sirius Real Estate Sees Trading Conditions Normalize As Demand Surges In Germany
The current trading projection is in line with expectations for the full year. Specializing in the ownership, development, and operations of business parks throughout Germany, Sirius Real Estate Ltd (LSE:SRE, ...
Deutsche Boerse Unveils Polkadot And Solana ETNs by VanEck
Deutsche Boerse, the German stock market operator, is still diving into the crypto derivatives by listing three new cryptocurrency exchange-traded notes (ETNs) by VanEck. Three new cryptocurrency ETNs are now ...
Elon Musk Wants To Produce First Tesla At Berlin ‘Gigafactory’ In October 2021
Tesla has pushed back opening after local resistance came up over environmental concerns. The company hopes to make the first cars at its “gigafactory” located in Gruenheide, near Berlin, in ...
German Law Letting Institutional Funds Hold Crypto Takes Effect August 2
A staggering $415 billion worth of investments may flow into cryptos as new laws governing German Spezialfonds go into effect. Starting on August 2,2 021, German institutional funds will be ...
German Airline Condor Replenishes Fleet With 16 Airbus A330-900neo Aircraft
Condor, Germany’s leisure airline has now ordered 16 Airbus A330-900neo planes. In an official announcement dated July 28, the company said that it is dedicated to offering its clients the ...