Cybercrime targets fashion

More than 64,000 cyber attacks were registered in Germany last year alone. The criminals are interested in all kinds of data – from personal passwords all the way to the latest fashions.

 

Soccer and financial markets

If the past is any indication, share prices will shoot up in Frankfurt if the German squad beat Argentina in the World Cup final on Sunday. The soccer championship means big business in other ways too, as we learn from a Hamburg economist who specializes in sport.

 

Markets calm after Portugal scare

Fears of a resurgent eurozone banking crisis receded in Frankfurt on Friday. And in New York Wells Fargo opened earnings season for big banks. We recap Friday’s market action and talk with New York correspondent Jens Korte about US banks.

 

Bulgaria’s CorpBank shut down

Only a few weeks ago Sofia placed the Corporate Commercial Bank, or Corpbank, under supervision. Now it’s shut the lender down, accusing it of “actions incompatible with the law and good banking practices”. €1.8bn are said to be missing.

 

Fresh doubts about Karstadt

In 2010 millionaire philanthropist Nicolas Berggruen took over Karstadt for a symbolic one euro and promised to rescue the struggling department store chain. Now after selling off the chain’s most profitable stores, Germany’s Bild newspaper says he could let the remainder go as well – for one euro.

 

Helping young people into the job market

Germany’s job market for young people is a lot better than in many European countries. But only if they have achieved the right level of education and received vocational training. A new project in Hamburg is having a remarkable success in helping difficult-to-place youths get a start in a career.