Sweden slams German ‘green’ energy policy reliance on ‘weather gods’
The recent spike in energy prices has caused diplomatic friction between Sweden and Germany, with Sweden's Deputy Prime Minister Ebba Busch pointing the finger at…
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German economy
Popular articles tagged "German economy"
German chemicals giant Evonik says 7,000 jobs on the line
A major restructuring and cost-cutting operation at Evonik, a publicly-listed German specialty chemicals company, could reduce its workforce by one-fifth.
Bribe people €1,000 in fuel to buy electric cars, German Green ministry suggests
Germany's Green-led ministry for economic affairs has argued in favour of bribing consumers with €1,000 in fuel credit to buy a new or used electric car.
Bosch, ‘absolutely unbearable,’ to cut up to 10,000 jobs as German economy slows
German industrial giant Bosch will lay off thousands more employees than it had already announced, it said on December 11.
Sportswear icon Adidas caught in EPPO tax evasion probe
Adidas, one of the largest and most recognisable sportswear companies in the world, is suspected of tax evasion and had its offices raided by investigators on the…
German Greens call for relaxing EU emissions fines on carmakers
Germany's Greens party economy minister Robert Habeck has called for the relaxing of fines on automotive emissions that were set to hit European Union carmakers…
Germany to see weakest growth of all industrialised countries in 2025, says OECD
Germany, traditionally the engine of the European economy, will have the weakest growth of all industrialised countries in 2025, the Organisation for Economic Co-operation…
Outdated software running Germany Inc goes for easy protection not innovation
Christian Democratic Union (CDU) leader and likely future chancellor Friedrich Merz is sidling cautiously up to the debt brake issue that just demolished the traffic…
German Government implodes, new elections expected in early 2025
Chancellor Olaf Scholz has subsequently confirmed that he will call for a motion of confidence in the government in January, a move that is almost certain to dissolve…
Leading German researchers fear $33 billion ‘Trump tariffs’
Germany needs to prepare itself for major problems after Donald Trump won the US presidency, a leading German economic research agency has warned.
Half a billion euros in German child-benefit sent outside the country, government says
More than €500 million in German child benefit allowance payments was sent outside the country in 2023, government data provided to local media outlets has shown.
US tobacco giant Philip Morris to close German plants as Europeans smoke less
US multinational tobacco giant Philip Morris has said it planned to close two German factories due to falling demand across Europe.
Germany wants to use India’s cheap labour market to reduce reliance on China
Chancellor Olaf Scholz leads a high-level delegation to New Delhi this week, betting that greater access to the vast Indian market can reduce Germany's reliance…
Head of German employers’ association warns ‘300,000 industrial jobs at risk’
Stefan Wolf, the head of the German employers’ association Gesamtmetall, has said hundreds of thousands of jobs in the metals and electricals industry are at risk.
Germany’s SPD plotting ‘wealth tax’ amid financial problems
Germany's ruling Social Democratic Party (SPD) is plotting the introduction of a wealth tax on assets amidst the country's worsening economic situation, local news…
German government threw €50 million at failed hydrogen train fleet
A prestigious train project in Germany, aimed at introducing a fleet of hydrogen-powered locomotives to the railway system, has fallen flat despite over €50 million…
German company insolvencies at highest level since 2010, thousands of jobs affected
Germany has reportedly experienced a near-record number of corporate insolvencies, with a major economics firm warning that insolvencies have hit their highest point…
Pot, black: Germany’s dodgy infrastructure leaves no space to attack Hungary’s spending
Germany's dodgy infrastructure spending has been put under the spotlight after politicians in the country used similar examples to claim Hungary was corrupt.
Eurozone factory activity sees fastest-ever decline in September
Manufacturing activity across the Eurozone declined at its fastest pace this year in September as demand waned sharply despite factories cutting their prices, a…
Economic stagnation ‘the best Germany can hope for’
Germany is about to downgrade its economic forecast for 2024, with authorities now hoping to register zero growth this year, according to a report from the international…
How the Greens die: suffering economy and young dump the ‘party of youth’
After another catastrophic result in yet another eastern Bundesstaat, the German Green Party has lost its leaders.
Chemistry giant BASF considers closures at main plant in Germany
German chemistry giant BASF has said it was contemplating the closure of one in seven facilities at its main plant in Ludwigshafen.
Wagenknecht and the rest need to remember who helped Germany rebuild
It is a hackneyed cliché to say about Germany that it was too late unified, took too long to decide whether it was an Eastern or Western-facing country, and could…
German manufacturing sentiment at ‘lowest level since June 2020’
Pessimism within the German manufacturing sector has hit its lowest level since June 2020, a report from a major economic research institution has found.
Dresden bridge collapse highlights Germany’s crumbling infrastructure
The collapse of a major bridge in Germany has shone a spotlight on the dismal state of the country’s public infrastructure.
Germany faces a surge in bankruptcies with ‘worse to come’
In the first six months of this year, almost 25 per cent more companies in Germany filed for insolvency compared to 2023, with experts fearing that the worst is…
German football fans protest against sponsorship deal with arms manufacturer Rheinmetall
Fans of the German football club Borussia Dortmund have opposed an advertising deal with arms manufacturer Rheinmetall.
Cash-strapped German Government ‘throwing money at unimpressive video games’
German economy minister Robert Habeck (Greens) is under pressure after announcing new subsidies for the digital gaming sector, despite the country's budget problems…
Report casts doubt on German economic viability
Germany's economy is facing challenges that threaten the viability of its growth model, a report has claimed.
More German companies mull relocation due to high energy prices, survey finds
High energy prices and a lack of reliable energy supplies are hindering German companies' production and investments, with a growing trend of industrial firms considering…