World News By Chris Harris Published April 13, 2024, 5:46 p.m. ET Nine gang members have been busted around the world for swindling over $686 million from people in 35 different countries by getting them to invest in a non-existent medicinal marijuana business. The Spanish National Police announced the arrests early Saturday in an X
Germany’s finance minister on Thursday stood firm against new common EU borrowing amid calls for the bloc to club together as it did after the Covid pandemic to fund a defence overhaul. Faced with Russia’s war on Ukraine, there have been growing calls for the 27-nation EU to pool its economic might to help revamp
German industrial giant Thyssenkrupp confirmed that it is entering into talks with private equity firm Carlyle to acquire a partial stake in the company’s naval shipbuilding operations as one of several options for the unit. This comes as the private equity sector has increased its interest in defense-related investments and as the German company struggles
President Ferdinand R. Marcos Jr. anticipates a transformative leap in renewable energy technology for the Philippines with the entrance of WPD GmbH, a leading German developer and operator of wind and solar farms. WPD GmbH has pledged an ambitious investment of PhP392.4 billion in the country, primarily focusing on establishing offshore wind farms. In a
Germany’s office property market has seen a record drop in prices, coupled with disappointing returns for investors. ADVERTISEMENT German office properties have seen a significant slump in price despite an increase in returns, according to new figures. Office property prices fell by 5.2% in the last quarter of 2023 – compared to the previous quarter
IGC Invest in Frankfurt, Germany on 25-26 June 2024 After its success in recent years, IGC Invest is back in Frankfurt, Germany on 25-26 June 2024 to address financial challenges and opportunities in geothermal. When talking to project participants in the geothermal energy sector, there is one topic in particular that cannot be avoided: financing.
Wolfgang Schaeuble, who helped negotiate German reunification in 1990 and as finance minister was a central figure in the austerity-heavy effort to drag Europe out of its debt crisis two decades later, has died. He was 81. Schaeuble died at home on Tuesday evening, his family told German news agency dpa on Wednesday. Schaeuble became
Hong Kong previously only allowed retail participation in cryptocurrency futures ETFs, which hold virtual-asset futures contracts, instead of direct investments in crypto tokens at their spot prices. 03:03 The cryptocurrency scandal gripping Hong Kong The cryptocurrency scandal gripping Hong Kong Hong Kong’s latest initiative shows the determination of policymakers to rebuild investors’ confidence in virtual
Economic and finance ministers of the European Union sealed on Wednesday a deal to reform the bloc’s fiscal rules, a breakthrough made only possible after Germany and France found a middle ground. ADVERTISEMENT Berlin and Paris had for months sat at opposing sides of the table, with the former pushing for automatic safeguards to slash