News Snapshot:
Deutsche Bank CEO Christian Sewing warned Wednesday that a recession in Germany is inevitable, and urged the country's leaders to accelerate its decoupling from China. In a speech at the Handelsblatt Banking Summit in Frankfurt, Sewing noted that Russia's war in Ukraine had "destroyed a number of certainties" on which the global economic system was predicated over the past few decades. He cited a halting of globalization due to major geopolitical tensions, which is unlikely to abate any time soon and has disrupted global value and supply chains, along with a bottleneck in the labor market and a scarcity of...
