Germany faces highest number of bankruptcies since 2008
Germany is reeling from its WORST wave of bankruptcies since the 2008 financial crisis, with 364 major companies crumbling into bankruptcy in 2024 – a staggering 30% jump from last year.
Additionally, fewer German companies are hiring, while the number of firms slashing jobs is on the rise across almost every sector.
Germany faces highest number of bankruptcies since 2008
Germany is reeling from its WORST wave of bankruptcies since the 2008 financial crisis, with 364 major companies crumbling into bankruptcy in 2024 – a staggering 30% jump from last year.
Additionally, fewer German companies are hiring, while the number of firms slashing jobs is on the rise across almost every sector.
In a message on his Telegram channel recently recounting the episode, Durov wrote: "I lost my company and my home, but would do it again – without hesitation." It is unclear who runs the account, although Russia's official Ministry of Foreign Affairs Twitter account promoted the Telegram channel on Saturday and claimed it was operated by "a group of experts & journalists." Friday’s performance was part of a larger shift. For the week, the Dow, S&P 500 and Nasdaq fell 2%, 2.9%, and 3.5%, respectively. "Your messages about the movement of the enemy through the official chatbot … bring new trophies every day," the government agency tweeted. He adds: "Telegram has become my primary news source."
from br
