All articles in “Economy” from November 7th, 2024



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The Fed’s recent interest rate hike is no surprise. But after Donald Trump’s victory in the presidential election, the US Federal Reserve is also heading for uncertain times.

Elon Musk has often made disparaging comments about the federal government. After the end of the traffic light coalition, the billionaire now calls Chancellor Scholz a “fool”.

Armin Papperger, CEO of Rheinmetall.

For the largest German defense company, which does a lot of business abroad, good contacts in the USA are very important. What does Trump’s presidency mean for the Düsseldorf gunsmiths?

The logo of the arms company Rheinmetall on a Bundeswehr vehicle during the NATO exercise Quadriga 2024.

From an economic point of view, the Ukraine war was a strong tailwind for Rheinmetall; since the start of the war, the stock market price has increased more than fivefold. The latest business figures are once again positive.

Former Wirecard CEO Markus Braun and two other former Wirecard managers have been on trial since December 2022.

Those affected by the Wirecard bankruptcy include many employees of the DAX group that collapsed in 2020. One of them: the former CEO’s long-time bodyguard.

The Christmas tree season is starting.

This development can be justified, among other things, by increased wage and material costs for retailers. What will happen next in the coming years?

Audi wants to make itself more weatherproof

The employment guarantee is there – but how can layoffs be avoided? The head of the works council speaks out after a report about job cuts.

The trial against two fund managers for cum-ex tax evasion begins in Munich.

In Munich, two fund managers have been charged with tax evasion amounting to 343 million euros. One drew parallels to a well-known board game.

German exports in September with declines.

The German economy is facing difficult times. Following Donald Trump’s victory in the US presidential election, the prospect of impending tariffs is also causing concern. The latest economic data gives little hope.

At least 170 people from Germany were cheated out of their money using false financial products on the Internet.

They wanted to invest their money profitably via the Internet – and never saw it again. Around 170 people from Germany have already filed a complaint. Now there was an international search.

Hurricane Helene cost the insurance industry a lot of money.

Storm damage costs insurers a lot of money. The trend on average over several years: increasing.

Rheinmetall: The arms company is benefiting from increased defense spending worldwide.

Increasing military spending worldwide is providing the DAX group with continued strong growth in sales and earnings. CEO Papperger is now increasingly targeting the US market.

Von Roman Tyborski Comments

Crisis ticked off: KfW funding volume declines (photo archive)

The development bank’s business is gradually returning to normal after several years of crisis. Nevertheless, the KfW Bankengruppe earns well.

Nissan President Makoto Uchida announced tough austerity measures for the company on Thursday.

The austerity measures are a reaction to disappointing business figures. Nissan has recently suffered severe losses, particularly in the Chinese market.

For seven years, Amazon has been trying in vain to make its grocery delivery service successful in Germany, here a warehouse in Berlin. Now it should work on the second attempt.

The US retail giant has practically failed with Amazon Fresh in Germany. Now he is teaming up with one of the strongest competitors in order to catch up with Rewe and Picnic.

Von Florian Kolf Comments

The weak auto industry is putting a strain on the economy.

A setback in car production is causing German industrial production to fall significantly. The late summer surge may have been just a flash in the pan.

Heating is currently slightly cheaper for most people in Germany than it was a year ago.

Since the start of the war in Ukraine, heating has become really expensive in Germany. However, there is a slight relaxation for most forms of heating. With one exception.

The logo of the arms company Rheinmetall can be seen on a Bundeswehr vehicle during the NATO exercise Quadriga 2024.

From an economic point of view, the Ukraine war was a strong tailwind for Rheinmetall; since the start of the war, the stock market price has increased more than fivefold. The latest business figures are once again positive.

Mobile payments are becoming more popular - but not for everyone

Smartphone instead of wallet, smartwatch instead of credit card: many people already use mobile payment options. But there is also still plenty of skepticism.

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