Germany

Germany To Force Mobile Payment Providers To Share Systems With Rivals
Germany To Force Mobile Payment Providers To Share Systems With Rivals
November 15, 2019  |  Mobile Commerce

Apple criticized German lawmakers’ vote to pass new legislation that would force it to open up its mobile payment system to rival providers, Reuters reported...

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Germany Urges EU To Crack Down On Big Tech Platforms
Germany Urges EU To Crack Down On Big Tech Platforms
November 12, 2019  |  Legal & Regulation

Germany’s Federal Minister for Economic Affairs Peter Altmaier wrote a letter to European Commissioner for Competition Margrethe Vestager, and asked for tighter regulations on Big...

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Italy Opposes German Proposal For EU Banking Union
Italy Opposes German Proposal For EU Banking Union
November 07, 2019  |  Banking

A German proposal for the EU’s banking union is being opposed by Italy, which said it would impact banks’ ability to compete, according to a...

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German Finance Minister Says Libra Should Be Stopped
German Finance Minister Says Libra Should Be Stopped
October 18, 2019  |  Cryptocurrency

Olaf Scholz, Germany’s finance minister, reiterated his opposition to Facebook on Friday (Oct. 18), and said that the release of the cryptocurrency should be prevented....

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Authorities Demand Accounting Details From Germany’s Wirecard 
Authorities Demand Accounting Details From Germany’s Wirecard 
October 17, 2019  |  Cybersecurity

After trying to discredit a report about its dodgy accounting practices, Germany-based Wirecard is facing demands from analysts for comprehensive information about its bookkeeping practices,...

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German Discount Stores Disrupt US Grocery Space
German Discount Stores Disrupt US Grocery Space
October 15, 2019  |  Retail

With simpler stores that offer fewer products at lower prices, German discount chains Aldi and Lidl have increased their sales. They are taking a bigger...

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Germany’s State-Backed Banks Advance Merger Discussions
Germany’s State-Backed Banks Advance Merger Discussions
October 09, 2019  |  Bank Regulation

Germany’s state-owned savings and cooperative banks are moving forward with discussions that could create a powerful financial association with $286 billion in assets and a...

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German Rep Resigns From ECB Board Amid Policy Disputes
German Rep Resigns From ECB Board Amid Policy Disputes
September 26, 2019  |  Cross-border Payments

Sabine Lautenschläger, Germany’s representative on the European Central Bank’s executive board, has resigned over the institution’s changes to its monetary policy. Lautenschläger’s decision to step...

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Germany’s Cluno Raises €140M To Grow Car Subscription Fleet
Germany’s Cluno Raises €140M To Grow Car Subscription Fleet
September 25, 2019  |  Investments

Germany-based car subscription service Cluno announced that it has raised €140 million in debt financing. The company recently secured two asset-backed financing deals totaling €80...

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