[the_ad id="1125697"]
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…
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 for a ceasefire and for the withdrawal…
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 record lows since the 2009 financial crisis,…
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 to the cancellation of hundreds of flights…
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 same period in 2021 in what has…
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, German Finance Minister Christian…
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 wake of the war in Ukraine, pointing…
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 the autumn, Der Spiegel magazine said on…
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 shortages, a day after Russia ordered the…
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 inflation in Europe’s biggest economy, the Ifo…
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 are a number of sectors “in which…
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 result in an agreement, trade union Verdi…
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 showed on Monday. The jump in factory…
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 by the European Union in the second…
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 would not threaten domestic supply. The European…
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, according to a study published by the…
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 said, meaning it would not exceed the…
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 in late 2021, although the Ukraine crisis…
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 Office reported on Thursday. In the prior…
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 the pace will ease in coming years,…
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 transactions and that it was bracing for…
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 and Belarusian President Alexander Lukashenko. The Cologne…
Special forces evacuated German spy chief from Ukraine -Focus magazine
BERLIN – The head of Germany’s foreign intelligence service was in Ukraine when Russia invaded and had to be taken home overland in a gruelling two-day journey by special forces when the…
Cutting Russia off SWIFT technically difficult – German govt spokesperson
BERLIN – Suspending Russia from the SWIFT global interbank payments system would be technically difficult to arrange and would have a massive impact on transactions for Germany and German businesses in Russia,…
German storms cause insurers losses of $1.6 billion
BERLIN – German insurers will have to pay around 1.4 billion euros ($1.57 billion) for nearly a million property units damaged in winter storms that swept across large parts of the country…
Rosatom’s application to buy stake in German reprocessing plant withdrawn – German minister
BERLIN – An application by Russian state nuclear power company Rosatom for permission to buy a stake in a nuclear fuel reprocessing plant in Lingen in Germany has been withdrawn, German Energy…
Breaking News
