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Today: April 23, 2025
Today: April 23, 2025
Tom Sims

Tom Sims

Staff Writer

Latest From Tom Sims

Business|Economy|Europe

German home building permits decline in February, halting recovery

Building permits for apartments in Germany fell 2.3% in February from a year earlier, statistics office data showed on Thursday, underscoring the fragility of the

German home building permits decline in February, halting recovery
Business|Economy|Europe|Finance

German home prices halt decline in fourth quarter but outlook uncertain

German residential property prices rose in the fourth quarter, halting a decline in place since 2022 by gaining 1.9% year-on-year, federal statistics

German home prices halt decline in fourth quarter but outlook uncertain
Americas|Business|Europe|Finance

Germany's Munich Re to buy $2.6 billion Next Insurance

Munich Re is buying the 71% of Next Insurance that it doesn't already own, strengthening its foothold in the United States and valuing the

Germany's Munich Re to buy $2.6 billion Next Insurance
Business|Economy|Europe|Finance

Commerzbank hasn't talked with UniCredit after ECB approval for stake

Germany's Commerzbank hasn't had talks with UniCredit since the Italian lender last week got approval from the European Central Bank for taking a stake of just under

Commerzbank hasn't talked  with UniCredit after ECB approval for stake
Business|Economy|Europe|Finance

France's Credit Mutuel to buy German bank IPO candidate OLB 

French banking group Credit Mutuel Alliance Federale is buying German lender Oldenburgische Landesbank (OLB), a surprise move after the

France's Credit Mutuel to buy German bank IPO candidate OLB 
Business|Economy|Europe

Berlin debt splurge turns screws on flagging German property

Berlin's borrow-to-spend splurge is driving up borrowing costs, further choking embattled property companies seeking fresh loans and

Berlin debt splurge turns screws on flagging German property
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

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