German inflation expected to reach 7% in 2022 -DIHK
Berlin – Germany’s 2022 inflation rate will more than double from last year’s 3.1% as already high energy and food prices are pushed up by the war in Ukraine, the…
Berlin – Germany’s 2022 inflation rate will more than double from last year’s 3.1% as already high energy and food prices are pushed up by the war in Ukraine, the…
BERLIN – A sustained rebound in services helped business activity in Germany grow again in May, though there are signs that rising prices, market uncertainty and supply problems are starting…
KOENIGSWINTER, Germany – The Group of Seven economic powers are determined to stop the rise in inflation, German Finance Minister Christian Lindner said on Friday after hosting a meeting with…
BERLIN – Germany’s second-largest defence group Thyssenkrupp Marine Systems (TKMS) wants to play a leading role in consolidating the German and European shipyard industry, its new Chief Executive Officer told…
FRANKFURT – German trade union Verdi said on Wednesday it had terminated the collective pay agreement for ground staff at the country’s flag carrier Lufthansa from June 30, citing high…
BERLIN -German investor sentiment rose slightly in May on expectations the economic situation in Europe’s largest economy will deteriorate less markedly than predicted previously as the European Central Bank acts…
BERLIN – German industrial production fell more than expected in March as pandemic restrictions and war in Ukraine disrupted supply chains, making it difficult to fill orders, official data showed…
BERLIN -German industrial orders fell more than expected in March, driven mainly by a reduction in orders from abroad as the war in Ukraine hit manufacturing demand in Europe’s biggest…
BRUSSELS – EU competition regulators on Wednesday approved a 11-billion-euro ($11.58 billion) German scheme to help companies hit by sanctions against Russia, similar to those proposed recently by other EU…
BERLIN – German unemployment fell in April, Labour Office figures showed on Tuesday, though the continued recovery seen as coronavirus pandemic measures are being lifted was slowed by the war…
(Reuters) – TotalEnergies’ 240,000 barrels per day Leuna refinery in Germany is set to continue to import Russian crude oil via the Druzhba pipeline at least throughout May, according to…
BERLIN – Supply disruption and weaker demand weighed on German manufacturing activity in April as the war in Ukraine and COVID-19 lockdowns in China worsened the outlook for goods producers…
BERLIN – German retail sales fell unexpectedly in March as the war in Ukraine leads to price increases, data showed on Monday. The Federal Statistics Office said retail sales were…
BERLIN – European energy firms can open special accounts with Gazprombank to pay for Russian gas, a key demand by Moscow, without breaching sanctions if transferring euros or dollars to…
BERLIN -The German economy grew slightly in the first quarter of this year, supported by stronger investment, but the war in Ukraine began having an increasing impact from the end…
BERLIN – A shortage of materials in the German manufacturing industry has eased slightly, the Ifo economic institute said on Friday after it surveyed 2,000 companies in the sector. In…
FRANKFURT – One in three managers at the European Central Bank is German, giving the ECB’s host country an ever bigger representation than its size would imply, ECB data showed…
BERLIN – German consumer morale is projected to plunge to a historic low in May as the war in Ukraine leads to soaring costs for households and dashes hopes of…
BERLIN – German business morale unexpectedly rose slightly in April as companies were less pessimistic after the economy appeared resilient following the initial shock of the war in Ukraine, a…
BERLIN – Germany’s economy appears resilient after the first shock following the war in Ukraine, said Ifo economist Klaus Wohlrabe, who added there was no sign of a recession in…
BERLIN – Around 40% of German companies are already feeling the impact of rising energy prices and almost half want to reduce investments due to rising energy costs, a survey…
By Vera Eckert, Shadia Nasralla and Ron Bousso FRANKFURT/LONDON – People on the streets of Berlin have waved Ukrainian flags in demonstrations of support since Russia invaded Ukraine in February.…
BERLIN – German investor sentiment fell by less than expected in April, a survey showed on Tuesday, as a decline in inflation expectations gave some cause for hope about the…
ZURICH – German logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Germany’s flag carrier Lufthansa to 10%, Kuehne Holding AG said in a statement on Monday. Kuehne, 84, had…
FRANKFURT – Russian bank VTB can no longer exercise any control over its European subsidiary in the wake of new sanctions, German regulator BaFin said on Sunday. The European Union…