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German Dejesuromero booked for robbery and weapons possession in Ocean County
Ocean County officials have confirmed the arrest of 5-foot-5, 200-pound German Dejesuromero, who was booked into the county jail on August 11. The 34-year-old Hispanic man, is accused of committing robbery involving…
German economy loses momentum at the end of Q2 – PMI
BERLIN – The German economy, Europe’s largest, suffered a sharp loss of momentum at the end of the second quarter, with falling exports acting as a drag and economic uncertainty and inflation…
German finance regulator orders audit of Adler’s 2021 annual report
BERLIN – German finance regulator Bafin on Wednesday said it had ordered an audit of Adler Real Estate’s approved 2021 consolidated financial statements and the summary management report. There were first indications…
Union calls 24-hour warning strike from Thursday in German ports
BERLIN – German trade union ver.di called on several thousand employees at German ports to take part in a 24-hour warning strike from Thursday morning, potentially further increasing difficulties at already strained…
German union demands 9.5% pay rise for Lufthansa ground staff
BERLIN -German trade union ver.di is demanding a 9.5% pay rise, or at least 350 euros ($368) per month more over 12 months, for Lufthansa ground staff to cushion the effects of…
Tesla under pressure to boost wages to attract workers to German plant
BERLIN – Electric carmaker Tesla is having to raise wages to attract employees to its new manufacturing plant outside Berlin, a top German union said, warning of a looming pay dispute among…
German tax take soars, but war clouds outlook
BERLIN – Germany’s estimated tax take over the first five months of the year was 15.1% higher than last year, thanks partly to a strong recovery from the pandemic and despite the…
German investor morale improves in June though risks remain ahead
BERLIN – German investor sentiment rose slightly in June as financial market experts were less pessimistic about the economy, though it remained in negative territory due to numerous risks. The ZEW economic…
German finance minister warns of stagflation risk, pledges return to fiscal rigour
BERLIN – German Finance Minister Christian Lindner said there was a risk of a period of high inflation and low growth following Russia’s invasion of Ukraine, which had driven already high inflation…
German economy minister welcomes move to higher interest rates
BERLIN – German Economy Minister Robert Habeck on Monday welcomed the European Central Bank’s indication last week that it would deliver next month its first interest rate hike since 2011. “I think…
German economy minister aims to tighten antitrust laws
FRANKFURT – German Economy Minister Robert Habeck plans to present concrete proposals to tighten the nation’s antitrust laws and give the Federal Cartel Office more powers, according to a position paper circulated…
German industrial output rises smaller-than-expected 0.7% in April
BERLIN – German industrial production recovered but rose less than expected in April as pandemic restrictions and war in Ukraine disrupted supply chains, official data showed on Wednesday. Industrial output rose by…
Top producer Albemarle risks shutting German plant if EU declares lithium a hazard
By Clara Denina and Pratima Desai LONDON – Top lithium producer Albemarle Corp may have to shut its Langelsheim plant in Germany if the metal used in electric vehicle batteries is declared…
YouTube could be liable for unauthorised uploads if slow to act, German court rules
BERLIN – Google’s YouTube and other platforms could have to pay copyright damages over unauthorised uploads even if the content was put online by a third party, Germany’s top court ruled. The…
Backlogs, more staff help German factories against headwinds -PMI
BERLIN – German manufacturers slightly increased outputs in May, buoyed by order backlogs, increased staffing and, in some cases, improved materials availability, but a further decline in new orders mean rough seas…
German unemployment falls more than expected in May as pandemic curbs ease
BERLIN – German unemployment fell in May, Labour Office figures showed on Tuesday, as trade and services benefited from the end of pandemic restrictions in Europe’s biggest economy despite the war in…
German April import prices surge 31.7%
BERLIN – Driven by climbing energy prices, German import prices surged 31.7% in April compared to last year’s period, the strongest increase since September 1974, the statistics office said on Monday. Rising…
EU unity on Russian sanctions ‘starting to crumble’, German minister says
BERLIN – German Economy Minister Robert Habeck on Sunday expressed fears that the European Union’s unity was “starting to crumble” ahead of a summit to discuss an oil embargo against Russia and…
Analysis-Schroeder throws in towel as German industry clings on to Russian gas
By John O’Donnell and Christoph Steitz FRANKFURT – Gerhard Schroeder has backed off from taking a top role at Russian energy giant Gazprom, dealing a setback to Germany’s gas lobby as it…
German house price inflation to slow as borrowing and living costs bite – Reuters poll
By Zuzanna Szymanska and Jonathan Cable BERLIN/LONDON – German home prices will rise faster this year than thought only three months ago, as a supply shortage outweighs a deepening cost of living…
German consumer morale inches up after falling to record low -GfK
BERLIN – German consumer morale is projected to inch up in June after falling to a record low in May, but high inflation and the war in Ukraine continue to weigh on…
Full cost of rebuilding Ukraine impossible to quantify, says German Finance Minister
BERLIN – German Finance Minister Christian Lindner said on Tuesday it was impossible to say how much it would cost to rebuild Ukraine as long as fighting with Russia continues, amid European…
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 country’s Chambers…
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 and supply problems are starting to put…
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 after hosting a meeting with his G7…
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 new Chief Executive Officer told German newspaper…
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