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 last couple days have exemplified that uncertainty. On Thursday, news emerged that talks in Turkey between the Russia and Ukraine yielded no positive result. But on Friday, Reuters reported that Russian President Vladimir Putin said there had been some “positive shifts” in talks between the two sides. "Russians are really disconnected from the reality of what happening to their country," Andrey said. "So Telegram has become essential for understanding what's going on to the Russian-speaking world." In the past, it was noticed that through bulk SMSes, investors were induced to invest in or purchase the stocks of certain listed companies. But Telegram says people want to keep their chat history when they get a new phone, and they like having a data backup that will sync their chats across multiple devices. And that is why they let people choose whether they want their messages to be encrypted or not. When not turned on, though, chats are stored on Telegram's services, which are scattered throughout the world. But it has "disclosed 0 bytes of user data to third parties, including governments," Telegram states on its website.
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