Picture of the day
Carry-on item: gold medals
Germany's paralympic team arrived yesterday in Frankfurt after an 11-hour flight from Pyeongchang, South Korea, marking the end of the 2018 Winter Paralympics. The team of 20 athletes brought home 19 medals: Seven gold, eight silver and four bronze. And of the 25 participating countries, Germany ranked fifth overall. Source:
Quote of the day
As a trade war between the US and Europe looms, Dieter Kempf, president of the German Industry Federation, took the opportunity to remind the EU's trans-Atlantic partner that American companies rely on — you guessed it — German engineering.
Person of the day
Europe's biggest fintech funding
Valentin Stalf, co-founder and CEO of N26, a German mobile banking app, has become the country's fintech posterchild. The five-year-old startup announced it was raising $160 million in a venture financing round led by the Chinese internet company Tencent and Allianz X, the German insurer's investment division. Since its founding, the company has raised $215 million to grow its product, which allows customers to make payments or do other banking tasks via the app. That's got to be one happy dude. Source:
Graphic of the day
Speaking of apps...
Since we're already talking about apps, let's take a closer look. Since 2009, Germany has seen a 6,790-percent increase in app sales. In 2017, mobile phone apps sales reached €1.5 million, with more than 50 percent of Germans having more than 10 apps installed on their phone. Their favorite download? Messaging service WhatsApp.