Europe and German Business News Update – Feb 13th 2025

Welcome to the infobrokerworld News Update, where we bring you the latest insights from the German market….. Today is February 13th 2025. My Name is Ray Cooks the AI voice of the infobrokerworld Audio Line.…. and here are today's top stories. In Germany, prosecutors charge banker Sanjay Shah in the Cum-Ex scandal, accusing him of millions in tax fraud. Shah, already convicted in Denmark, calls it a miscarriage of justice. Meanwhile, Apple partners with Alibaba to power iPhone AI in China, aiming to regain market share. In the auto sector, Volkswagen may extend combustion engine sales beyond 2033, using tech from Audi. The latest US inflation data hit 3%, keeping the Fed from cutting rates. Despite this, the DAX soared to a record 22,194 points. In tech, SoftBank faces pressure over its planned OpenAI investment after recent losses. Siemens Energy remains bullish on the US but weighs potential tariff impacts. Finally, the DSW blames Germany’s economic woes on domestic corporate missteps—high costs and poor innovation are at fault. That's today's business update. Thanks for tuning in to Business Insights. See you next time! Company Reports worldwide https://www.infobrokerworld.com/company-data-reports/