German Business News Update – Oct 18th 2024

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

Today is October 18th 2024.

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

and here are today's top stories.

The European Central Bank has moved forward with its third interest
rate cut, pushing the DAX to a record high. More steps are likely
to follow, especially as inflation has fallen more than
expected.

In the real estate sector, Vonovia, Germany's largest housing
company, has ended its period of major sales and announced a
strategic shift towards growth.

Meanwhile, Volksbank Düsseldorf Neuss is receiving support from its
association after a massive fraud case involving 100 million euros.
The company’s problems trace back to a former manager of the French
fashion chain Kiabi.

On the stock market, Sartorius, a leading supplier to the
pharmaceutical industry, has seen a double-digit increase in its
stock price after publishing strong new business figures.

Additionally, Amazon has revealed plans to increase its solar
energy production by partnering with a Swiss battery start-up. This
aligns with the company's efforts to expand its renewable energy
initiatives and reduce its carbon footprint.

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

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