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Tag: Germany

Germany charges Apple with antitrust violations over app tracking tool
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Germany charges Apple with antitrust violations over app tracking tool

Germany’s antitrust authority has charged Apple with abusing its market dominance through its App Tracking Transparency tool, accusing the tech giant of giving itself an unfair advantage over competitors. The move follows a three-year investigation by the Federal Cartel Office and could lead to daily fines if Apple fails to modify its business practices. The […]

X poised for first ad revenue growth since Musk takeover
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Germany considers quitting X over concerns on algorithms

The German government is considering whether to delete its presence on the X platform due to concerns about its algorithms, a spokesperson confirmed on Friday. “This is a permanent consideration that we have to make again and again,” the spokesperson said, following a live conversation on the platform between billionaire owner Elon Musk and Alice […]

Germany considers tax reduction for foreign skilled workers
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Germany considers tax reduction for foreign skilled workers

Germany is contemplating a tax relief initiative aimed at attracting skilled foreign professionals to the country. Under the proposed plan, new foreign workers could receive tax rebates of 30%, 20%, or 10% during their first three years of employment in Germany. This measure is part of Germany’s “growth initiative” to address shortages in various sectors […]

US SEC approves ETFs to track Bitcoin
Crypto featured

German govt left with $582m worth of Bitcoin

The German government which has been a source of serious concern for the crypto industry due to its on-chain activity is currently left with $582 million worth of Bitcoin after shedding over 80% of its Bitcoin assets. The German government has been seriously selling a big cache of Bitcoin assets in recent weeks, adding to […]

Rivers assures Germany of secure business environment presentation
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Rivers assures Germany of secure business environment

The business delegation from the German Chamber of Industry and Commerce was given assurances by Rivers State Governor Mr. Siminalayi Fubara regarding the safety of doing business in the state. Arise News stated that, this is in light of the fact that Governor Fubara has declared that his administration is creating robust investment-driven ties with […]

Nigeria, Germany partner on SME growth
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Nigeria, Germany partner on SME growth

Nigeria and Germany have decided to work together more closely in order to support the country’s micro, small, and medium-sized businesses. The News Agency of Nigeria reported that the Minister of Industry, Trade, and Investment, Dr. Doris Uzoka-Anite, made these remarks in Abuja at a bilateral meeting between her ministry and the German Ministry of Economic Development. […]

X introduces new subscription plans for premium users
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German agency to delete X handle over discrimination

The Federal Anti-Discrimination Agency of Germany announced that it would delete its account on the social networking site X. The agency has decided to shut its account due to the growing intolerance of minorities displayed by site users, and has advised other organisations to do the same. Ferda Ataman, the agency’s commissioner, said in a […]

The Black, Red and Yellow Germany's National flag
Business

Germany’s economy enters recession in Q1 as GDP falls by 0.3%

Recent data updated by the federal statistical agency reveals that the German economy experienced an unforeseen decline during the initial quarter of this year, officially placing the nation in a state of recession. According to Reuters, the Gross Domestic Product experienced a decline of 0.3% during the quarter, after being adjusted for both price and […]

Workers are participating in industrial action - Strike
Business

Workers’ strike disrupt German railway services

Railway employees in Germany initiated a strike on Friday, resulting in the disruption of the German railway services owing from a series of stoppages over pay. According to Reuters, the walkout was organised by the German transport union, EVG, and intended to continue for eight hours.  It was expected to affect the train network for […]

The Black, Red and Yellow Germany's National flag
Business

Germany bank Deutsche moves to reduce workforce

The largest bank in Germany, Deutsche Bank, is reportedly planning to reduce the number of members on its executive board from 10 to nine. Additionally, the bank is said to be looking to cut some jobs in its infrastructure and private banking businesses in an effort to save costs. According to Reuters, these measures come […]

The Black, Red and Yellow Germany's National flag
Business

Germany to help mineral-rich countries with processing infrastructure

The Chancellor of Germany,  Olaf Scholz announced on Sunday that Germany aims to help mineral-rich countries such as Chile, Indonesia, and Namibia in establishing their processing infrastructure to decrease their dependence on China. Reuters reported that Berlin is seeking to balance its relationship with China and decrease reliance on China for crucial inputs such as […]

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