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German Opposition Leader Sees Trump's Return as a Clarifying Force for EU
Sunday, January 19, 2025 - 4:30pm | 430German opposition leader Friedrich Merz, who is seen as the frontrunner to become the country’s next chancellor, said that Donald Trump‘s second term will provide more clarity for the European Union. Merz made the comments during a meeting in Berlin with key conservative EU figures,...
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Scholz Warns of Tension with Trump as Border Integrity and NATO Spending Loom Over Germany's Election
Sunday, January 12, 2025 - 4:30pm | 447German Chancellor Olaf Scholz, a member of the nation’s Social Democratic Party, has raised concerns over President-elect Donald Trump’s moves on border integrity. Scholz, who has been chancellor since 2021, highlighted shaky times ahead in relations with Washington and also suggested...
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Tesla Cybertruck Explosion Outside Trump Las Vegas Hotel Was Likely Suicide, Authorities Say
Thursday, January 2, 2025 - 6:14pm | 550Las Vegas Sheriff Kevin McMahill announced Thursday that investigators now suspect the explosion of a Tesla Cybertruck outside the Trump International Hotel on New Year’s Day was likely a suicide. Speaking at a news conference Thursday, McMahill revealed that evidence suggests the driver died...
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Elon Musk Blasted As 'Intrusive And Presumptuous' For 'Trying To Influence' German Elections Toward Far-Right Party
Monday, December 30, 2024 - 5:08pm | 631Elon Musk, who seems to love stirring the pot, is doing just that in Germany where elections are expected to be held on Feb. 23, 2025. The German government is accusing Musk of meddling in the election campaign with repeated endorsements of the country's far-right party . "It is indeed the...
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European Central Bank Should Consider Bitcoin Reserve, Former German Finance Minister Says
Monday, December 30, 2024 - 11:16am | 402Christian Lindner, the former German Finance Minister and current leader of the Free Democratic Party (FDP), has called for the European Central Bank and the Bundesbank to consider adding cryptocurrencies like Bitcoin (CRYPTO: BTC) to their reserves. What Happened: “The new Trump...
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Car Rams Into Christmas Market in Germany, Killing Five and Injuring More Than 200
Saturday, December 21, 2024 - 1:30pm | 413A car-ramming attack at a Christmas market in Magdeburg, Germany, on Friday night has left five people dead, including a nine-year-old child, with more than 200 injured and dozens critically wounded. The incident occurred when a car sped 1,200 feet into a crowd of shoppers in a narrow alley, NBC...
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Investors Pour Money Into US Stocks, Shun Europe In Historic Fashion
Tuesday, December 17, 2024 - 3:58pm | 783Investors on Wall Street are bleeding red, white and blue, pouring money into American equities already trading higher than their European counterparts. The Data: A post on X from Mike Zaccardi relayed data from the Bank of America fund manager survey. BofA FMS: 4th biggest overweight of US...
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DHL Boeing 737 Cargo Plane Crashes In Lithuania: 1 Dead, 2 Injured (Updated)
Monday, November 25, 2024 - 3:07am | 456Editor’s note: The article has been updated with background details on this developing story. A DHL (OTC:DHLGY) cargo plane crashed into a house near Vilnius, Lithuania, Monday morning, killing at least one person. What Happened: Lithuanian broadcaster LRT reported two people were...
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European Commission Downgrades EU GDP Growth On 'Geopolitical Risks'
Friday, November 22, 2024 - 2:51pm | 1843The European Commission (EC) downgraded its forecast for the European Union's (EU) gross domestic product, pointing to "key geopolitical risks" from the war in Ukraine and the Middle East. Brussels expects the EU GDP to grow by a mere 0.8% this year and 1.5% in 2025 compared to a May forecast...
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German Commercial Property Market Is 'Source Of Elevated Risk'
Friday, November 22, 2024 - 8:33am | 1418The Germany commercial property market "remains a source of elevated risk," one that financial regulators are monitoring closely after a rapid succession of interest rate increases hit property values. "The financial system is facing acute challenges due to geopolitical tensions and a weak economy...
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The German Government Sold Its Bitcoin—Here's How Much It Missed Out On
Tuesday, November 12, 2024 - 12:47pm | 681The German government may have missed a substantial financial gain, estimated at $1.6 billion, due to the timing of its Bitcoin (CRYPTO: BTC) sales. What Happened: In July, Germany sold 50,000 bitcoin, seized from the defunct piracy site Movie2K, for $2.88 billion. This sale was executed at an...
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Trump Presidency Raises Concerns About European Recession
Thursday, November 7, 2024 - 2:50pm | 2076A Trump presidency has raised concern in Europe that a new round of tariffs under his administration will cause a economic recession in Europe. A trade war during Trump's four-year term would also increase the probability of the European Central Bank (ECB) cutting rates faster to spur growth....
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German Economy Faces Strong Headwinds Despite Return To Growth
Wednesday, October 30, 2024 - 3:24pm | 1571The German economy faces strong headwinds despite data showing that Europe's largest exporter of goods returned to economic growth in the third quarter, beating analysts' estimates. The economy grew by 0.2% quarter-on-quarter in Q3, from an initial -0.1% in Q2, the Federal Statistical Office...
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Nvidia's Almost 200% Gain Positions It Above Germany And Italy In Market Value — Larger Than 5 G7 Countries' Stock Markets Combined
Friday, October 25, 2024 - 1:18am | 697NVIDIA Corp‘s (NASDAQ:NVDA) market capitalization has surpassed the combined totals of Germany and Italy. The company’s stock has surged almost 200% this year, elevating its market cap to an impressive $3.5 trillion. What Happened: Torsten Sløk, Chief Economist at Apollo, said,...
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Rate Cut Optimism Is Not Enough To Turn European Economy Around
Wednesday, October 23, 2024 - 9:59am | 1555Despite hopes for a post-pandemic resurgence and cooling inflation, the European economy is now bracing for stagflation as regional economies show signs of a slowdown. Economic data from the third quarter paints a bleak picture. Purchasing Managers’ Index (PMI) and the Euro area sentiment...