Europe and German Business News Update – Feb 12th 2025

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

Today is February 12th 2025.

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

and here are today's top stories.

Luxury ski chalets in Courchevel, St. Moritz, and Kitzbühel are
becoming even more expensive, with top properties now selling for
over €20,000 per square meter. Swiss regulations further limit new
developments.

The EU has announced a €50 billion investment in artificial
intelligence, as confirmed by European Commission President Ursula
von der Leyen at the AI Action Summit in Paris. French President
Emmanuel Macron is also pushing national AI expansion with major
investments.

Italian bank Unicredit posted a record net profit of €9.3 billion,
surprising analysts. CEO Andrea Orcel is expanding aggressively and
is linked to a possible Commerzbank takeover.

Oil giant BP has reported declining profits and is introducing a
new corporate strategy under pressure from activist investors like
Elliott.

In the steel industry, companies struggle with green hydrogen
commitments, as high costs and low availability delay their
transition.

On the markets, Wall Street expert Ed Yardeni expects a continued
bull market, with the S&P 500 projected to rise by 15%.
Meanwhile, the DAX has surpassed the 22,000-point mark.

And in China, battery giant CATL plans a multi-billion-dollar IPO
in Hong Kong to expand globally.

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

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