Europe and German Business News Update – May 7th 2025

Welcome to the infobrokerworld News Update, where we bring you the
latest insights from the German market…..

Today is May 07th 2025.

My Name is Ray Cooks the AI voice of the infobrokerworld Audio
Line.….

and here are today's top stories.

Germany’s digital banking is taking a leap forward: DKB teams up
with OpenAI to develop a voice assistant aimed at reshaping
customer interaction.

Meanwhile, a new study sends shockwaves through the automotive
sector. Manufacturing costs in Germany are now more than five times
higher than in China, raising concerns over the industry's
competitiveness.

Start-up Parloa has reached unicorn status with a fresh funding
round. It plans to expand its AI-driven customer service solutions
to the U.S. market.

In the industrial tech space, Bosch is betting on 3D printing and
synthetic diamonds to speed up innovation and reduce development
bottlenecks.

Private investors are also facing a growing challenge: reclaiming
foreign dividend taxes remains a complex and expensive task, with
little relief in sight.

And finally, KPMG Germany’s CEO, Matthias Schmelzer, remains
confident. He sees high-tech sectors, especially AI, as key to
pulling the country out of its recessionary spiral—provided
structural reforms follow soon.

That's today's business update. Thanks for tuning in to Business
Insights. See you next time!

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