Deutsche Bank sets targets for sustainable investments, women leaders
German lender Deutsche Bank said that it would pump more than 200 billion euros ($244 billion) into so-called sustainable financing and investments by 2023. This is two years earlier than initially planned. The bank is aiming at more female leaders within its ranks. Because by 2025, women will make up 35% of managing director, director […]
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 […]
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 […]
Jump in German producer prices points to higher inflation pressure
As per the data the German producer prices rose by 5.2% year-on-year in April. This is the biggest increase in nearly a decade. The rise in producer prices followed a 3.7% year-on-year increase in March. The federal statistics office said that when compared to the previous month, producer prices were up 0.8% in April. The […]
Commerzbank delivers upbeat outlook after swing to profit
A first-quarter profit and raised revenue outlook are given by the Commerzbank, which is all against the expectation on it. This is buoyed by strong trading commission as the German lender shrinks operations and makes heavy job cuts. This Germany’s second-biggest bank is expected to remain in the red this year as it conducts a […]
German industrial orders surge on strong domestic demand
Consumer goods have a strong domestic demand in German industrial orders, which is bigger than expected. This suggests that manufacturers in Europe’s largest economy will support a recovery in the second quarter. The orders for industrial goods, jumped on by 3% in seasonally adjusted terms. The Federal Statistics Offices published these data. There was an […]