(Bloomberg) Germany’s manufacturing downturn unexpectedly deepened in February, with activity declining at a faster pace amid falling demand at home and abroad.Most Read from BloombergNvidia Set for Biggest Gain in Nine Months as AI Drives SalesBiden Touts $1.2 Billion in Student Loan Relief With Eye to 2024China Tightens Grip on Stocks With Net Sale Ban at Open, CloseYour 401(k) Will Be Gone Within a DecadeWhy Are There Suddenly So Many Car Washes?S&P Global’s purchasing managers’ index for
Weaker exports, costly energy and a stuttering green transition have combined to form a "perfect storm" for the German economy, leaving Chancellor Olaf Scholz's coalition bickering over how to change course.The German economy, Europe's largest and traditionally a driver of eurozone growth, is being buffeted by "a perfect storm", Economy Minister Robert Habeck said earlier this month.
The German government slashed its growth forecast for 2024 on Wednesday, warning that Europe's largest economy was in "difficult waters" as it faced a series of headwinds."The German economy is still in difficult waters," Hebestreit told reporters.
HANOVER, Md., February 20, 2024 Dragos Inc., the global leader in cybersecurity for operational technology (OT) environments, today released its sixth annual Dragos OT Cybersecurity Year in Review report, the most comprehensive report on cyber threats facing industrial organizations. The report named the emergence of three new threat groups, including VOLTZITE linked to Volt Typhoon, and found that ransomware continued to be the most reported cyber threat among industrial organizations with a n