German Business News Update – Sept. 10th 2024

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

Today is September 10th 2024.

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

and here are today's top stories.

Let’s start with Germany's housing crisis. While the country
continues to face a severe housing shortage, other European nations
are showing more success in building new homes. The key difference
lies in more efficient processes and policies that Germany has yet
to adopt.

Next, we turn to Volkswagen. The automaker's core brand is
undergoing significant restructuring. As part of a tightened
cost-cutting program, the CFO is being replaced. Several production
plants may be at risk, which could impact the company's future
operations.

Now, looking at the global market: Analysts are forecasting a
record year for dividend payouts in 2024. Companies known for high
dividends are expected to offer investors substantial returns this
year.

Meanwhile, luxury stocks are under pressure. Brands like Burberry
and Kering are seeing their stock values drop due to weakening
demand from China. Analysts have downgraded their ratings, and a
quick recovery seems unlikely.

Finally, in the Cum-Ex scandal, law firm Freshfields faces more
trouble. Their insurers are demanding 35 million euros from Allianz
to cover damages related to past advice connected to the collapse
of Maple Bank.

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

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