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‘Verdammt’: Just when you thought the worst was over, Germany’s economy moved dangerously close to falling ‘over the edge’ into recession

“Whatever happened in the second half of last year got worse in Q1, and is now threatening to push the German economy over the edge.”” writes Will Martin for businessinsider.com. They had expressed hope that with those factors out of the way the economy would pick up again in 2019.Pantheon Macroeconomics’ Claus Vistesen had a similarly bleak message about the Ifo survey, noting that the headline figure was “horrible,” and delivers a “somber message” about the German economy.Germany may have narrowly avoided a technical recession at the end of 2018,…

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Germany February Ifo business climate index 98.5 vs 98.9 expected

“A measure of business conditions and sentiment/expectations towards the German economy” reports forexlive.com. Do be reminded the Ifo changed the indicator measurement to take into account of services data too as of April 2018.Economic sentiment continues to dwindle and that’s reflective of the dark rain clouds that have been hanging over the German economy since last year. Not a major release by any means but this will continue to underscore weaker sentiment towards the Eurozone economy as a whole, and in turn the euro. Source: forexlive.com

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BAE slides on fears that German export ban will hit Saudi contracts 

“Shares in BAE Systems fell sharply on Thursday following a warning that Germany’s attempts to block exports to Saudi Arabia could scupper its contracts with the kingdom and hit its financial performance” writes Jon Yeomans for telegraph.co.uk. The German government is trying to stop weapons exports to Saudi Arabia following the killing of journalist Jamal Khashoggi in the Saudi consulate in Istanbul last October and its role in the conflict in Yemen. Source: telegraph.co.uk

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European cyberattacks signal more Russian election meddling: Microsoft

“Recent cyberattacks discovered by Microsoft validate Europe’s fears that Russia, already blamed for meddling in the U.S. presidential election and the Brexit campaign, is aggressively targeting its parliamentary elections this spring” reports washingtonexaminer.com. The European Union’s elections, from May 23-26, give voters in member nations the chance to choose who represents them in its Parliament.Those included notification of attacks across organizational and personal email systems, security training and previews of the latest protective measures through its AccountGuard initiative. Source: washingtonexaminer.com

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Russian hackers are targeting European research groups

“Microsoft claims Russian hackers have targeted employees of several non-profit organisations in Europe, underscoring concerns of potential interference in European Union elections this May” writes James Cook for telegraph.co.uk. The US company said it was “confident” that attacks targeting employees of organisations including the German Council on Foreign Relations, The Aspen Institute and The German Marshall Fund, originated from a group called Strontium, also known as Fancy Bear or APT 28. Source: telegraph.co.uk

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Microsoft says discovers hacking targeting democratic institutions in Europe

“(Reuters) – Microsoft Corp on Wednesday said it had discovered hacking targeting democratic institutions, think tanks and non-profit organizations in Europe and plans to offer a cyber security service to several countries to close security gaps” writes Min Read for reuters.com. Ahead of a critical European Parliament election in May, German officials are trying to bolster cyber security after a far-reaching data breach by a 20-year-old student laid bare the vulnerability of Europe’s largest economy. Source: reuters.com

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Microsoft expands political security service to 12 European countries

“(Reuters) – Microsoft Corp on Wednesday said it had discovered hacking targeting democratic institutions, think tanks and non-profit organizations in Europe and plans to offer a cyber security service to several countries to close security gaps” writes Min Read for reuters.com. Ahead of a critical European Parliament election in May, German officials are trying to bolster cyber security after a far-reaching data breach by a 20-year-old student laid bare the vulnerability of Europe’s largest economy. Source: reuters.com

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Germany Could Let Huawei Build Internet Infrastructure Despite U.S. Concerns

“The United States government has major concerns about Huawei and its alleged potential to spy on countries through its Internet infrastructure” writes Don Reisinger for fortune.com. The meeting will be held after Germany’s cybersecurity experts and several ministries inside the government reportedly concluded that fears of Huawei using Internet infrastructure to spy on Germany are overblown.With 5G technology now being deployed around the world, Germany needs a company to help it catch up—and Huawei could be one of those companies. Source: fortune.com

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Chinese government doesn’t get involved in Huawei’s business: German boss

“FILE PHOTO: The logo of Huawei Technologies is pictured in front of the German headquarters of the Chinese telecommunications giant in Duesseldorf Thomson Reuters BERLIN (Reuters) – The head of China’s Huawei Technologies in Germany told a German newspaper that the Chinese government does not get involved in the company’s business, adding the firm would work on being open and transparent in the debate about security of mobile networks” reports businessinsider.com. “The state does not have a stake in Huawei and it keeps out of our business,” Dennis Zuo, the…

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