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Today: March 23, 2025
Today: March 23, 2025
Matthias Inverardi

Matthias Inverardi

Staff Writer

Latest From Matthias Inverardi

Business|Economy|Europe|Finance

Vonovia posts third year of losses for 2024 on writedowns as sector struggles

Germany's largest real estate group Vonovia on Wednesday posted a third consecutive annual loss for 2024, reporting further writedowns of its

Vonovia posts third year of losses for 2024 on writedowns as sector struggles
Business|Economy|Europe|Political

Rheinmetall expects strong 2025 sales in Europe's 'era of rearmament'

Rheinmetall, a major beneficiary of Europe's renewed push to invest in defence, said on Wednesday it expects significant sales growth in 2025

Rheinmetall expects strong 2025 sales in Europe's 'era of rearmament'
Business|Economy|Europe|Finance|Stock Markets

Persil-owner Henkel's growth guidance disappoints as weak North America weighs

Persil-owner Henkel gave weaker-than-expected guidance for 2025 organic sales growth on Tuesday, projecting a slower start to the

Persil-owner Henkel's growth guidance disappoints as weak North America weighs
Business|Economy|Europe|Finance

German postal giant DHL cuts 8,000 jobs, biggest domestic cull in decades

Germany's DHL plans to cut 8,000 jobs in Germany this year, the biggest staff reduction programme in its home market in at least two decades,

German postal giant DHL cuts 8,000 jobs, biggest domestic cull in decades
Business|Europe|Fashion and Beauty|Finance|Stock Markets

Beiersdorf expects organic growth to slow in 2025

Nivea maker Beiersdorf on Thursday reported higher 2024 sales and said it expected sales to still grow in the current year, albeit

Beiersdorf expects organic growth to slow in 2025
Business|Economy|Europe|Finance

German antitrust watchdog weighs UniCredit move on Commerzbank

UniCredit has asked German antitrust authorities to approve its move to take a substantial stake in Commerzbank, another key hurdle for the Italian bank to

German antitrust watchdog weighs UniCredit move on Commerzbank
Business|Economy|Europe|Finance

Deutsche Bank posts weaker-than-expected profit and ditches 2025 cost target

Deutsche Bank on Thursday posted a bigger-than-expected drop in fourth quarter and 2024 full-year profit as legal provisions and restructuring

Deutsche Bank posts weaker-than-expected profit and ditches 2025 cost target
Business|Europe|Finance|Stock Markets

Deutsche Bank quarterly profit jumps 10% as investment bank outperforms

Deutsche Bank posted on Thursday a better-than-expected 10% increase in first-quarter profit as a resurgence in fixed-income trading and deal-

Deutsche Bank quarterly profit jumps 10% as investment bank outperforms
Economy|Europe

Exclusive-German landlord TAG warns home prices could fall 30% from peak

German home prices could fall as much as 30% below their 2022 peak, one of the country's largest landlords told Reuters, in a

Exclusive-German landlord TAG warns home prices could fall 30% from peak
Crime|Europe|News|World

Germany says it won't be cowed by Russia after reported plot to kill Rheinmetall CEO

Berlin is taking reports of a plot to assassinate the chief executive of arms manufacturer Rheinmetall very

Germany says it won't be cowed by Russia after reported plot to kill Rheinmetall CEO
Business|Economy|Europe|Finance|Stock Markets

Deutsche Bank's profit streak ends with big lawsuit provision

Deutsche Bank posted its first loss in four years in the second quarter after setting aside 1.3 billion euros ($1.41 billion) as a provision for

Deutsche Bank's profit streak ends with big lawsuit provision
Business|Economy|Europe|News

German chancellor lines up fresh crisis talks with property titans

German Chancellor Olaf Scholz is launching a fresh bid to tackle a property crisis as the country braces for recession and

German chancellor lines up fresh crisis talks with property titans
Business|Economy|Finance|Technology|US

Rheinmetall buys Loc Performance as it looks to expand in US market

Rheinmetall will take over U.S. military vehicle supplier Loc Performance in a $950 million deal, the German defence group said, with

Crime|Europe

German police arrest suspect in stabbing rampage, official says

A man suspected of a stabbing rampage in the western German town of Solingen has been taken into police custody, a

German police arrest suspect in stabbing rampage, official says
Europe|News

German city's festival succumbs to grief after fatal stabbings

For the German city of Solingen, the evening began as a festival of diversity and ended after a bloody knife attack that left shocked and grieving

German city's festival succumbs to grief after fatal stabbings
Business|Europe|Finance|Stock Markets

Deutsche Bank flags credit risks as returns to profit in third quarter

Deutsche Bank has raised its forecast for bad loans against the backdrop of a weak German economy, as the bank returned to

Deutsche Bank flags credit risks as returns to profit in third quarter

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