Germany

Twitter Invests in Global Online Audio Distribution Platform SoundCloud

Twitter Invests in Global Online Audio Distribution Platform SoundCloud

Reportedly Twitter has invested in Germany based SoundCloud, which is a global online audio distribution platform and allows the users to record, share, upload, and promote originally-created, sounds.

European Central Bank will Phase Out €500 Note by 2018

European Central Bank will Phase Out €500 Note by 2018

Bigger the note better it is for money launderers and other criminals and keeping that in mind the European Central Bank decided to phase out 500-euro notes. On Wednesday, the European Central Bank announced that it will discontinue with _500 note which is worth roughly $575.

Deutsche Bank Expected to Post Loss for Q4 as Legal Charges and Restructuring Costs Increase

Deutsche Bank Expected to Post Loss for Q4 as Legal Charges and Restructuring Costs IncreaseThe biggest bank of Germany, Deutsche Bank AG, is expected to post a loss of 2.1 billion-euro for Q4 as it set aside more amount of money to settle legal costs and a restructuring charge.

Deutsche Bank said the full year revenue is expected to be close to 33.5 billion euros. The net loss for the period is expected to be

Pressure Mounts Volkswagen: The Carmaker Expected to Name New C.E.O. on Friday

 The Carmaker Expected to Name New C.E.O. on FridayMartin Winterkorn, the CEO of Volkswagen, the German car maker hit by an emission scandal, resigned on Wednesday.

Growing Export Lifts the Trade Surplus of Germany to New Highs

Growing Export Lifts the Trade Surplus of Germany to New HighsWith exports widening greatly in the month of May, the trade surplus of Germany hit a new record high. The exports from the euro nation surpassed its imports according to the federal statistics office Destatis.

Festo Gives World Bionic Kangaroo

Festo Gives World Bionic Kangaroo Festo, German industrial automation company, has developed robotic kangaroo. After giving two years to the project, it has come up with BionicKangaroo, which is a meter high and weighs seven kilograms.

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