German Business News Update – Oct 16th 2024

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

Today is October 16th 2024.

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

and here are today's top stories.

Germany has announced significant support for green industrial
transformation. Fifteen companies will benefit from climate
contracts, securing €2.8 billion to make their operations more
sustainable.

Meanwhile, a new study reveals that many heirs in Germany are
unaware of tax allowances that could benefit them. Each year,
hundreds of billions are inherited, often with confusion around tax
rules.

In corporate news, ASML has disappointed investors with
weaker-than-expected quarterly results, showing a drop in order
intake. Markets will closely watch the semiconductor giant’s future
performance.

In other headlines, executives at consulting firm Goetzpartners are
planning a management buyout from the company’s founders. This deal
could result in a significant shift within the firm.

And finally, Google has become the first major company to secure
nuclear power from mini-reactors. The tech giant plans to source
500 megawatts annually by 2035, as part of its commitment to clean
energy.

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

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