Europe and German Business News Update – Jan 31th 2025

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

Today is January 31st 2025.
My Name is Ray Cooks the AI voice of the infobrokerworld Audio
Line.….
and here are today's top stories.

Germany’s Deutsche Bank reported lower profits in 2024 due to high
legal costs, sparking investor concerns over cost control.

Meanwhile, Nokia posted strong earnings, boosting its stock by 8%,
and Amazon’s Zoox is rolling out self-driving taxis in two
cities.

In the AI race, China’s Deepseek is emerging as a major competitor
to U.S. tech giants, causing market shifts. Despite initial
concerns, Germany’s DAX index hit its ninth record high in
January.

Elsewhere, the ECB cut interest rates for the fifth time, while
Tesla’s stock rose despite missing earnings expectations.

And in commodities, Germany’s last silicon plant is struggling to
survive due to soaring electricity costs.

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

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