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.
The Dow Jones Industrial Average fell 230 points, or 0.7%. Meanwhile, the S&P 500 and the Nasdaq Composite dropped 1.3% and 2.2%, respectively. All three indexes began the day with gains before selling off. So, uh, whenever I hear about Telegram, it’s always in relation to something bad. What gives? 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. "Markets were cheering this economic recovery and return to strong economic growth, but the cheers will turn to tears if the inflation outbreak pushes businesses and consumers to the brink of recession," he added. At its heart, Telegram is little more than a messaging app like WhatsApp or Signal. But it also offers open channels that enable a single user, or a group of users, to communicate with large numbers in a method similar to a Twitter account. This has proven to be both a blessing and a curse for Telegram and its users, since these channels can be used for both good and ill. Right now, as Wired reports, the app is a key way for Ukrainians to receive updates from the government during the invasion.
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