German Business News Update – Sept. 24th 2024

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

Today is September 24th 2024.

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

and here are today's top stories.

The DAX continues to benefit from falling interest rates and rising
stock prices, yet not all surveys indicate sustained growth. In
public transport, the popular Germany Ticket will rise by €9 to €58
per month starting January 2025.

In corporate news, service provider Majorel has regained client
trust after a major data breach but remains under heavy scrutiny.
Meanwhile, Volkswagen's crisis deepens, with potential investment
cuts and job losses looming.

In banking, BNP Paribas expands further into Germany, acquiring
HSBC's retail business, and Siemens spins off its e-mobility
division to allow more operational freedom, seeking new partners to
fuel its growth.

On the stock market, the success of the DAX is closely tied to U.S.
interest rate developments, leaving room for both growth and
uncertainty.

Finally, small investors at Varta are fighting a restructuring plan
aimed at pushing them out, with lawsuits already on the
horizon.

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

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