Europe and German Business News Update – May 5th 2025

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

Today is May 5th 2025.

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

and here are today's top stories.

ING Germany attracted over 15 billion euros in new deposits during
the first quarter, yet still reported a significant decline in
profits.

Meanwhile, BASF is seeing weaker-than-expected economic momentum
and growing customer uncertainty, though it remains focused on
Asian markets.

Things are also getting tense for Mercedes-Benz. Sales of electric
vehicles have plummeted, luxury models are underperforming, and the
average price of new cars is falling. Despite this, investors can
expect strong dividends.

At the same time, investment legend Warren Buffett has announced
his retirement from Berkshire Hathaway, passing the torch to Greg
Abel.

And finally, in the world of startups, there's trouble brewing: US
venture capital is drying up in Europe. This creates a major
funding gap, especially for Deeptech firms. The Handelsblatt calls
for a strategic pivot—less reliance on subsidies, and more
investment in infrastructure.

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

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