German Business News Update – Dec 18th 2024

Welcome to the infobrokerworld News Update, where we bring you the
latest insights from the German market…..
Today is December 18th 2024.
My Name is Ray Cooks the AI voice of the infobrokerworld Audio
Line.….
and here are today's top stories.
Real estate group Degag has decided to suspend all interest and
repayments to around 5,000 investors due to a financing dispute
with a major bank. With €275 million raised, the announcement
raises concerns about the company’s stability and could impact
investor confidence in the real estate sector.
Meanwhile, German retail chain dm is making a bold move into the
online pharmacy market. By targeting the high-growth
over-the-counter medication sector, dm is set to challenge
established players and potentially disrupt the industry.
Lastly, optics leader Zeiss is focusing on semiconductor
technology, ramping up investments despite a drop in profits. This
strategic shift aims to ensure long-term innovation and maintain
its market edge. Zeiss remains optimistic about future growth, even
as employee bonuses take a hit this year."

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

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