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Germany overtakes Japan as third-biggest economy

CFO News

Japan slipped to the fourth-largest economy behind Germany. It faced challenges from the yen's decline, negative interest rates, worker shortages, economic stagnation, and deflation. Prime Minister Fumio Kishida is under pressure as India's economy is projected to overtake Japan in 2026.

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India pips countries like Germany, Britain in GDP (PPP) gains: Report

CFO News

As countries like Germany, Japan and the UK continue to drop down in GDP (PPP) rankings over the years, India has achieved significant gains in GDP and the country's share has been significantly increasing, a latest report has revealed.

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Revolut Brings Open Banking To Germany In Deal With TrueLayer

PYMNTS

17) that, in collaboration with TrueLayer, it will expand into Germany. In a press release, Revolut said the latest expansion would bring open banking to its users in Germany. Joshua Fernandes , an open banking executive at Revolut, said the company’s offering in Germany will be “user-friendly, fast and accessible.”.

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Germany Launches Investigation Into Amazon

PYMNTS

Germany is Amazon’s second largest market. But Germany’s antitrust watchdog forced Amazon to abandon that policy. Germany’s investigation comes one week after the Competition Bureau of the Canadian government announced it was probing Amazon to determine whether Amazon.ca After the U.S.,

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Amazon Teams With Barclaycard Germany On Installment Financing

PYMNTS

Barclaycard Germany is teaming up with Amazon to offer a new installment financing plan to customers of the online retail giant. Amazon customers in Germany will now be able choose from a number of Barclaycard installment options during the checkout process. If approved, the customer can complete the purchase process.

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Lufthansa CFO to step down amid board reshuffle

CFO Dive

The airline is overhauling its executive leadership team in the face of repeated labor strikes by its ground staff in its home country of Germany.

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In Germany, Cold Hard Cash Still the Way to Pay

PYMNTS

All told, cash accounts for 75 percent of all retail transactions within Germany, even taking into account, as the German Association of Money and Bond Services estimated, that a third of all card payments have been done through contactless means in the wake of the coronavirus.