German Business News Update – Jan 13th 2025

Welcome to the infobrokerworld News Update, where we bring you the
latest insights from the German market…..
Today is January 13th 2025.
My Name is Ray Cooks the AI voice of the infobrokerworld Audio
Line.….
and here are today's top stories.

Germany's financial regulator, BaFin, is increasing pressure on
life insurers. In 2025, it plans to intensify its oversight of four
companies struggling with high cancellation rates and poor customer
benefits. The goal is to improve consumer protection and drive a
more client-focused approach in the industry.

Lufthansa has finalized its acquisition of Italian airline ITA
Airways. Although approved by the EU Commission, passengers will
not see changes until mid-year as integration measures begin
later.

Despite concerns over Facebook's advertising environment, German
businesses remain committed to the platform. A Handelsblatt survey
revealed that companies rely heavily on the reach of Facebook and
Instagram for their marketing needs.

Bitcoin fell below $92,000 due to U.S. government sales, causing
ripples across cryptocurrency markets. Meanwhile, oil prices surged
to a three-month high, driven by recent U.S. sanctions.

The ECB continues to shape savings trends in Europe. A recent
comparison highlights which savings and fixed-term accounts offer
the best returns, even as interest rates decline.

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

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