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just to add some context: last year alone, 136 billion euros were withdrawn from Germany in direct investments, i.e. not via the capital market, but via corporate investments. a large proportion of this, as the statistics on onshoring show, went to the USA.

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36 billion is a huge chunk of change, but those are business calls we can't do anything about, and that's probably for the best. Any idea if this led to any job cuts over here in Europe?

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Labor market figures from the government are always very difficult to read, but I recently saw that 175,000 full-time jobs were lost in Germany in July compared to the previous year. But the trend is rising

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Are these overall figures, or are they specifically related to the automotive sector?

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No, it's overall and consolidated

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