Supply bottlenecks could delay German recovery, institute warns
An economic research centre found that Bottlenecks in the supply of raw materials could cost Germany a rapid recovery from the economic impact of the pandemic. This is because two-thirds of the sectors in the economy reporting supply constraints. 40% of industry groups surveyed reported severe short-term supply disruption. This is stated according to the […]
Exclusive: Goldman to launch Marcus UK robo-adviser early next year
Goldman Sachs will launch an app for UK users of its digital bank Marcus. This app has a main feature to offer automated investment management to clients in the country. This will come into act by the first quarter of the next year. Des McDaid, the head of Marcus UK said that since launching a […]
Premature to be envisaging second European stimulus plan-EU antitrust chief
The EU’s antitrust chief told Les Echos that before envisaging further stimulus, the European Union must focus on its current 750-billion-euro ($910 billion) pandemic recovery package. The chief also added that talking of a second plan was a bit bizarre. Margrethe Vestager, the European Commission’s executive vice president said in an interview in the French […]
Germany’s Degussa bank selects Nets to power its digital card services
Frankfurt-based Degussa Bank and European payment services provider Nets have joined forces to create a modern, innovative consumer credit card offering in Germany. Silke-Christina Kummer, Head of Card Business Advisory & Services at Degussa Bank said that the pandemic situation has shifted the cash payments to digital payments. The head also added that the consumers in Germany are increasingly […]