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.
Crude oil prices edged higher after tumbling on Thursday, when U.S. West Texas intermediate slid back below $110 per barrel after topping as much as $130 a barrel in recent sessions. Still, gas prices at the pump rose to fresh highs. The picture was mixed overseas. Hong Kong’s Hang Seng Index fell 1.6%, under pressure from U.S. regulatory scrutiny on New York-listed Chinese companies. Stocks were more buoyant in Europe, where Frankfurt’s DAX surged 1.4%. The account, "War on Fakes," was created on February 24, the same day Russian President Vladimir Putin announced a "special military operation" and troops began invading Ukraine. The page is rife with disinformation, according to The Atlantic Council's Digital Forensic Research Lab, which studies digital extremism and published a report examining the channel. "The inflation fire was already hot and now with war-driven inflation added to the mix, it will grow even hotter, setting off a scramble by the world’s central banks to pull back their stimulus earlier than expected," Chris Rupkey, chief economist at FWDBONDS, wrote in an email. "A spike in inflation rates has preceded economic recessions historically and this time prices have soared to levels that once again pose a threat to growth." Ukrainian forces have since put up a strong resistance to the Russian troops amid the war that has left hundreds of Ukrainian civilians, including children, dead, according to the United Nations. Ukrainian and international officials have accused Russia of targeting civilian populations with shelling and bombardments.
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