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 …
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German economy remains on growth path for now -PMI
BERLIN – A sustained rebound in services helped business activity in Germany grow again in May, though there are signs that rising prices, market uncertainty …
G7 determined to halt rise in inflation – German finance minister
KOENIGSWINTER, Germany – The Group of Seven economic powers are determined to stop the rise in inflation, German Finance Minister Christian Lindner said on Friday …
Thyssenkrupp warship unit eyes German shipyard industry consolidation -Welt am Sonntag
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 …
German union Verdi cancels pay deal for Lufthansa ground staff
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 …
Rise in German investor morale ‘not enough to become hopeful’
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 …
German industrial output falls more than expected in March
BERLIN – German industrial production fell more than expected in March as pandemic restrictions and war in Ukraine disrupted supply chains, making it difficult to …
German industrial orders fall as Ukraine war dampens demand
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 …
EU clears $11.6 billion German scheme for companies hit by Russia sanctions
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 …
German unemployment sinks in April as pandemic measures ease
BERLIN – German unemployment fell in April, Labour Office figures showed on Tuesday, though the continued recovery seen as coronavirus pandemic measures are being lifted …
Total’s German Leuna refinery to continue Russian crude imports in May – sources
(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 …
Supply disruption, weaker demand cloud outlook for German manufacturers – PMI
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 …
German retail sales unexpectedly fall in March
BERLIN – German retail sales fell unexpectedly in March as the war in Ukraine leads to price increases, data showed on Monday. The Federal Statistics …
Gazprombank account not necessarily breach of sanctions -German Ministry
BERLIN – European energy firms can open special accounts with Gazprombank to pay for Russian gas, a key demand by Moscow, without breaching sanctions if …
German economy grew slightly in Q1, but Ukraine impact growing
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 …
Shortage of materials in German manufacturing eases slightly – Ifo
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 …
Nearly one in three ECB bosses is German as France lags
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 …
German consumer morale falls to historic low heading into May – GfK
BERLIN – German consumer morale is projected to plunge to a historic low in May as the war in Ukraine leads to soaring costs for …
Surprise rise in German business morale in April despite Ukraine war
BERLIN – German business morale unexpectedly rose slightly in April as companies were less pessimistic after the economy appeared resilient following the initial shock of …
German economy appears resilient after Ukraine war shock -Ifo economist
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 …
Rising energy prices push almost half German companies to cut new investments – survey
BERLIN – Around 40% of German companies are already feeling the impact of rising energy prices and almost half want to reduce investments due to …
Berliners’ reliance on Russian fuel exposes German dilemma on Ukraine
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 …
German investor morale dips in April, inflation expectations ease
BERLIN – German investor sentiment fell by less than expected in April, a survey showed on Tuesday, as a decline in inflation expectations gave some …
German investor Kuehne boosts stake in Lufthansa to 10%
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 …
Russian bank VTB no longer has control of European subsidiary -German regulator
FRANKFURT – Russian bank VTB can no longer exercise any control over its European subsidiary in the wake of new sanctions, German regulator BaFin said …
German coal importers expect a brief spike in prices on EU ban
FRANKFURT – A European Union embargo on Russian coal imports will push up prices in the short term before alternative supplies become available to steady …
German chemical industry suspends pay talks due to war in Ukraine
FRANKFURT – Germany’s chemical and pharmaceutical industry on Tuesday agreed a lump sum payment for workers and put further collective wage bargaining on hold, citing …
German imports, exports jump more than expected in February
BERLIN – German exports and imports jumped more than expected in February, the Federal Statistics Office said on Monday, as the effects of the war …
German inflation rises more than expected in March
BERLIN – German annual inflation rose more than expected in March as prices of natural gas and mineral oil products soared after Russia’s invasion of …
Scholz, Biden and allies agree to keep pushing for Russian ceasefire – German govt
BERLIN – The leaders of Germany, the United States, France, Britain and Italy agreed in a phone call on Tuesday afternoon to keep pushing Russia …
War, inflation drag German consumer sentiment lowest since Feb 2021
BERLIN – German consumer morale looks set to slump heading into April as the war in Ukraine pushed households’ economic and income expectations to new …
German airport security staff reach wage deal after walkouts
Frankfurt – The parties involved in a wage dispute for security staff at several airports across Germany have reached a deal following strikes that led …
German first-quarter dealmaking slides to six-year low due to Ukraine war jitters
By Emma-Victoria Farr and Alexander Hübner (Reuters) – Mergers and acquisitions in Germany in the first three months of 2022 have dropped 10% from the …
EU recovery fund could be repurposed over Ukraine – German Finance Minister
BERLIN – The European Union recovery fund set up to help the bloc recover from the COVID-19 pandemic could be repurposed in light of the …
War in Ukraine causes German business morale to collapse
BERLIN – German business morale plummeted in March as companies worried about rising energy prices, driver shortages and the stability of supply chains in the …
German ministry wants to halve dependence on Russian oil by summer -Spiegel
BERLIN – Germany’s economy ministry wants to halve the country’s dependence on Russian oil by the summer and have no Russian hard coal imports by …
German gas buyers raise the alarm over Russia’s rouble demand
By Vera Eckert, Christoph Steitz and Nina Chestney FRANKFURT/LONDON – German utilities on Thursday said their country needed an early warning system to tackle gas …
Ifo slashes German growth forecast for 2022 due to Ukraine war
BERLIN – German growth will be weaker than expected this year due to the effects of Russia’s invasion of Ukraine which will also push up …
German eastern business lobby defends continued activities in Russia
Berlin – The lobby group representing German businesses with interests in eastern Europe has defended the business activities of member companies in sanctioned Russia. There …
German union announces another airport security staff strike for Tuesday
BERLIN – Security staff at several German airports will stage another one-day strike on Tuesday after four rounds of talks to increase wages failed to …
German producer prices jump by record 25.9%
BERLIN – German producer prices maintained their record-breaking rise in February, increasing 25.9% year on year mainly because of energy prices, Federal Statistics Office data …
German debt to reach some 70% of output this year – Lindner
BERLIN – Germany’s public debt will be around 70% of economic output this year and will fall to no more than the 60% ceiling set …
German oil lobby says imports from Russia being reduced
FRANKFURT – German refineries have started reducing imports of Russian crude and oil products, a domestic industry group said on Monday, adding that the adjustment …
War in Ukraine could more than halve German GDP growth – study
BERLIN – Russia’s war in Ukraine could reduce Germany’s 2022 economic expansion by 2 percentage points, more than halving the growth rate for this year, …
German 2022 budget plans 100 billion in new borrowing – source
BERLIN – Germany’s draft budget for 2022 envisages just shy of 100 billion euros (dollars) in new borrowing, a person familiar with the budget planning …
Lifting of COVID curbs boosts German private sector in Feb – PMI
BERLIN – Activity in Germany’s services sector grew further in February as the country began loosening the COVID containment measures that had pressured its economy …
German imports exceeded exports in 2021 trade with Russia – stats office
BERLIN – German imports from Russia exceeded exports last year because prices for imported crude oil and natural gas had risen sharply, Germany’s Federal Statistics …
German house price rally to slow but cheap money to keep it running
By Zuzanna Szymanska and Jonathan Cable BERLIN/LONDON – Home prices in Germany’s booming property market look set to rise sharply again in 2022 and, while …
German carmakers warn fallout from Ukraine invasion on production to get worse
By Ludwig Burger FRANKFURT -German carmakers association VDA said that the fallout from Russia’s invasion of Ukraine was disrupting transport routes as well as financial …
German revellers swap Carnival parade for anti-war rally
COLOGNE – Germans in Cologne swapped their traditional Carnival festivities for an anti-war rally on Monday that featured parade floats lampooning Russian President Vladimir Putin …