German industrial output again drops steeply, “another severe blow to the economy”
August saw the sharpest decline in German industrial production since the outbreak of the war in Ukraine in 2022.
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Work until 73 to save pension system, German experts warn
According to the German Council of Economic Experts, the retirement age should be raised to 73 to keep the country's social security system from collapsing.
Industrial giant Bosch shocks Germany with plans to cut 13,000 jobs
The Bosch group, one of Germany’s leading industrial players, has announced a far-reaching job cut programme.
German political heavyweight warns of ‘loss of entire industries’ due to climate targets
A senior German politician has sounded the alarm about what he said would be the catastrophic effects of current climate policy on Germany’s industrial backbone.
‘Major strategic mistake‘ – CEO of BMW lashes out at EU ban on combustion engines
Oliver Zipse, CEO of German carmaker BMW, has spoken out harshly against the planned total ban for internal combustion engines (ICE) in new cars in the European…
German Chancellor Merz ups pressure on Social Democrats in push for welfare cuts
German Chancellor Friedrich Merz (Christian Democratic Union, CDU) is ramping up pressure on his coalition partner, the Social Democratic Party (SPD), to consent…
German unemployment tops 3 million for first time since 2015
For the first time in 10 years more than 3 million Germans are without a job.
Calls for inquiry into Germany’s Habeck over failed green projects
German Christian Democrats have called for a committee of inquiry into the former Green Federal Minister of Economics, Robert Habeck, for "wasting billions of taxpayer's…
German Chancellor Merz: ‘Welfare state can no longer be financed’
German Chancellor Friederich Merz has warned that his country's economy is no longer capable of financing its welfare state.
Pressure on Merz as Trump tariffs hit German economy
Germany’s economy shrank more than expected in the second quarter as US tariffs battered exports, official data showed Friday, ramping up pressure on Chancellor…
Germany’s Die Linke party calls for free beard removal for trans women
German left-wing party Die Linke is calling for taxpayers to pay for permanent beard removal for trans women in the State of Baden-Württemberg.
German finance minister demands tax hikes as social expenditure rockets
Germany’s finance minister has proposed raising income and estate taxes to cover the country’s ballooning budget deficit.
German investor morale falls amid continuing US trade tensions
German investor morale fell sharply in August, a drop that exceeded expectations and underscored how tensions over US–European Union trade have been shaping Europe’s…
Rise in German bankruptcies shatters hope for quick economic revival
The number of companies in Germany filing for bankruptcy has unexpectedly jumped to its highest value since at least 2018.
Setback for German industry as new orders unexpectedly fall in June
Order intake for the German manufacturing sector has unexpectedly fallen, according to data published by the Federal Statistical Office.
EC gives €3M to workers after US tyre factories in Germany close
The European Commission will release more than €3 million to support 915 workers affected by US multinational Goodyear’s closure of one tyre plant and partial…
Mercedes-Benz profits plunge
German car manufacturer Mercedes-Benz suffered a huge drop in profits in the first half of this year, down by 55.8 per cent.
A record 742,000 pensioners in Germany now depend on welfare
The number of German old-age pensioners relying on social welfare has risen by 32 per cent since 2020, to a record 742,000.
Hit by strong euro and tariff war, Germany’s Puma sees sales plummet
German sportswear group Puma slashed its 2025 outlook after an 8.3 per cent drop in second-quarter sales, which gave it a €135 million quarterly loss.
Intel cancels multi-billion euro chip factory in Germany
US technology giant Intel said will not move ahead with a controversial €30 billion chip factory in the German city of Magdeburg, as part of a new cost-cutting…
German corporations promise ‘psychological’ economic boost: €300 billion investment by 2028
Several large German corporations have joined forces to boost investment in Germany’s ailing economy.
German exports to US tumble as Berlin urges quick trade deal
German exports to the United States plummeted in May, official data showed on July 8, as Berlin pressed the European Union to strike a quick tariff deal with US…
German Chancellor Merz breaks key election promise on electricity tax
Barely two months after assuming the German Chancellorship, Friedrich Merz has broken a key election promise.
Family of late German industrialist must pay record €4 billion inheritance tax
The heirs of German business magnate Heinz Hermann Thiele have paid a record amount of almost €4 billion in inheritance taxes.
German national debt to rocket with borrowing to double in 2025
German national debt looks set to climb to record heights this year, according to the country's latest budget.
ArcelorMittal cancels German ‘green’ steel projects and shifts focus to France
International steel giant ArcelorMittal said it would no longer pursue plans to “decarbonise” its German steel mills.
Belgium, Germany hit hardest by huge drop in chemicals industry activity in EU
Belgium and Germany have borne the brunt of a sharp downturn in Europe’s chemicals industry. The sector has been shrinking fast;
Investor mood jumps in Germany, hinting at end to stagnation
A sharp rise in investor confidence has fuelled hopes that Germany’s long-running economic stagnation could be nearing an end — a potential shift that would…
German economy forecast to grow in 2026 after three years of dismal results
According to the Munich-based Ifo Institute for Economic Research and the Kiel Institute Summer Forecast report on June 12, German economic growth was set to accelerate…
Germany’s Die Linke demands ‘heat holidays’ for workers
German left-wing party Die Linke has demanded a reduction in working hours when workplace temperatures rise above certain levels.