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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 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 from June 30, citing high energy prices…
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 the European Central Bank acts to tame…
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 fill orders, official data showed on Friday.…
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 manufacturing demand in Europe’s biggest economy, data…
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 proposed recently by other EU governments. Under…
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 was slowed by the war in Ukraine.…
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 least throughout May, according to two sources…
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 the outlook for goods producers in Europe’s…
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 Office said retail sales were down 0.1%…
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 transferring euros or dollars to them fulfils…
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 increasing impact from the end of February,…
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 companies in the sector. In April, 75.0%…
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 would imply, ECB data showed on Thursday.…
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 households and dashes hopes of a post-pandemic…
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 the war in Ukraine, a survey showed…
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 sign of a recession in the first…
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 rising energy costs, a survey showed on…
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 Russia invaded Ukraine in February. But those…
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 cause for hope about the outlook for…
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 on Monday. Kuehne, 84, had earlier boosted…
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 on Sunday. The European Union on Friday…
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 the cost, German coal importers’ group VDKi…
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 uncertainty stemming from Russia’s attack on Ukraine.…
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 in Ukraine have yet to be reflected…
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 Ukraine, preliminary data showed on Wednesday. Consumer…
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