Wirecard CEO Resigns Amid Cash Mystery
Markus Braun's departure came a day after the German fintech firm disclosed it was missing $2 billion in cash.
Global Manufacturing Dives Amid Virus Lockdowns
Even export powerhouses Germany and Japan saw steep decreases in factory output last month as the coronavirus upended supply chains and crushed demand.
New ECB Chief Urges Domestic Demand Push
While “all advanced economies are facing a growth challenge, the euro area has been slower to embrace innovation," Christine Lagarde says.
Germany’s Economy Shrinks as Exports Struggle
The country is feeling the effects of trade conflicts and global uncertainty.
Germany Fines Facebook for Understating Complaints
German officials say Facebook presented a "distorted picture" of the extent of illegal content, including hate speech, on its platform.
IPO Values Green Energy Firm at $22 Billion
Germany's largest initial public offering in 16 years will raise 2 billion euros for Innogy, the renewable energy business of utility RWE.
Deutsche Bank to Cut 3,000 Jobs in Germany
More than 80% of the layoffs will be in Deutsche Bank's private and commercial clients division.
Facebook Facing German Competition Law Probe
Germany’s competition watchdog is investigating whether Facebook adequately discloses to customers the type and extent of the data it collects.
Toughened EU Stance Puts Greece in a Tight Spot
Some members of the European Union want a firmer commitment to austerity, but the new Greek government faces a backlash from voters if it softens too much.
Emerging Markets Ripe for Digital Media Investments
At the same time, places like China and India pose significant business risks, says EY.
Eurozone Economy Flatlines in 2Q
As the region gets ready to feel the impact of sanctions on Russia, its two largest economies report dismal growth numbers.