Tesla: German plant reducing shifts, production targets on track
By Victoria Waldersee BERLIN (Reuters) -Tesla will hire fewer temporary workers at its plant outside Berlin than it did in its ramp-up phase and refrain …
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German econ ministry sees moderate economic recovery in 2023
BERLIN (Reuters) – The German Economy Ministry said on Wednesday it expects a moderate economic recovery over the further course of year, citing easing price …
German wholesale prices down 2.6% y/y in May
BERLIN (Reuters) – Germany’s wholesale prices fell in May compared with the same month last year, according to data released on Wednesday. Wholesale prices decreased …
German economy could grow by up to 1.9% in 2024 – econ min
BERLIN (Reuters) – The German economy could grow between 1.6% to 1.9% next year, Economy Minister Robert Habeck said on Monday. “We expected economic growth …
German finance ministry steps up 2024 budget pressure on ministries
BERLIN (Reuters) – Germany’s Finance Ministry has informed the other ministries of what budget funds will be available to them next year, it said on …
German manufacturing shrinks at fastest in 3 years in May -PMI
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in three years in May and output fell for the first time in four …
No quick recovery for German economy after winter slump – DIW
BERLIN (Reuters) – There is no quick recovery in sight for the inflation-hit German economy following a winter recession, the DIW economic research institute said …
German tax fraud mastermind handed further 8-year jail sentence
WIESBADEN, Germany (Reuters) – Hanno Berger, a former tax inspector turned legal tax expert, was sentenced on Tuesday to eight years and three months in …
German economy minister’s office receives envelope with white powder
BERLIN (Reuters) -German Economy Minister Robert Habeck’s constituency office said on Thursday it had received an envelope containing a white substance, prompting a large-scale police …
Owner of emaciated German Shepherd found in basement arrested
Syracuse, NY – Syracuse Police Animal Cruelty Officers responded to a distressing call on Thursday, May 4, regarding a dog left alone in a basement …
Exclusive-Prosiebensat.1, Sky revive talks on German TV tie-up
By Elvira Pollina and Amy-Jo Crowley MILAN/LONDON (Reuters) – German media group ProSiebenSat.1 and European pay-TV operator Sky have revived talks over a combination of …
German police investigate possible poisoning of two Russian exiles
BERLIN (Reuters) – German police said they are investigating the possible poisoning of two Russian exiles who attended a conference in Berlin at the end …
German producer prices post smallest increase in two years
BERLIN (Reuters) – German producer prices posted their slowest annual increase in two years in April, according to data released on Friday, in a tentative …
Emissions scandal: Ex-Audi boss admits role in fraud by negligence in German court
MUNICH (Reuters) – Former Audi boss Rupert Stadler accepted his role in committing fraud by negligence in the diesel emissions scandal, according to a statement …
German April wholesale prices post first y/y drop since Dec 2020
BERLIN (Reuters) – Germany’s wholesale price index fell slightly in April compared to the same month last year, the first year-on-year drop since December 2020, …
U.S., German ministers discuss efforts to counter Russian sanctions evasion
NIIGATA, Japan (Reuters) – U.S. Treasury Secretary Janet Yellen met German Finance Minister Christian Lindner on Friday, underscoring the importance of working together to counter …
China COSCO SHIPPING subsidiary climbs on German nod of port terminal deal
(Reuters) – Share prices of COSCO SHIPPING Ports Ltd rose to as much as a three-month high on Thursday, after the German government cleared it …
Europe needs to steer its own trade agenda, German economy minister says
BERLIN (Reuters) – With China and the U.S. fixated on each other, Europe is at risk of being paralysed in between and needs to steer …
German exporters disappointed as China Q1 rebound passes them by
BERLIN (Reuters) – German exports to China fell at the start of the year as business hopes for a revival following Beijing’s lifting of strict …
Marketmind: German data in the rear-view mirror
A look at the day ahead in European and global markets from Vidya Ranganathan. The euro is digesting a widely anticipated hawkish quarter-point rate rise …
German exports fall significantly more than expected in March
By Maria Martinez (Reuters) – German exports fell significantly more than expected in March, as deliveries to the United States and China sharply declined, data …
Upturn in German services sector activity continues in April
BERLIN (Reuters) – German services sector activity grew in April at the fastest pace in a year as demand picked up, a business survey showed …
TSMC, partners plan to invest up to $11 billion in German fabrication plant -Bloomberg News
(Reuters) -Taiwan Semiconductor Manufacturing Co is in talks with partners to invest as much as 10 billion euros ($11.04 billion) to build a chip fabrication …
German finance minister rejects industrial power price plan -Handelsblatt
BERLIN (Reuters) – German Finance Minister Christian Lindner on Tuesday rejected a plan by Economy Minister Robert Habeck to introduce an industrial electricity price. Such …
German makers of Leopard 2 tank settle legal dispute
DUESSELDORF (Reuters) – German arms makers Rheinmetall and Krauss-Maffei Wegmann have settled a legal dispute over the intellectual property rights to the Leopard 2, one …
German manufacturing contracts in April but output ticks up -PMI
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in almost three years in April, although firms increased output slightly as their supply …
German inflation expected to ease in April
BERLIN (Reuters) – Inflation looks set to ease in Germany in April on the back of lower food and energy prices, preliminary data from six …
Hungary’s price caps, windfall taxes dent morale among German firms -survey
BUDAPEST (Reuters) – Price caps to curb surging inflation and windfall taxes imposed by Hungary’s government have hurt sentiment among German firms in the country, …
German consumer morale picks up on income expectations – GfK
BERLIN (Reuters) – German consumer sentiment is set to pick up in May as moderating energy prices and expected wage increases help to dissipate households’ …
German economy likely grew in Q1, beating expectations – Bundesbank
FRANKFURT (Reuters) – The German economy is likely to have expanded in the last quarter on a rebound in industrial production, the Bundesbank said in …
German public sector workers agree to wage deal with employers
BERLIN (Reuters) – German public sector workers have agreed on a wage deal with employers, Interior Minister Nancy Faeser and the Verdi union said on …
Services drive acceleration in German business activity in April – flash PMI
BERLIN (Reuters) – German business activity expanded for a third month running in April, boosted by a services sector revival that more than offset a …
Learn by doing, German renewables companies bid to beat labour shortage
By Maria Martinez and Riham Alkousaa BERLIN (Reuters) – German wind power developer SL Naturenergie has been looking for a senior project developer for two …
German producer prices rise less than expected in March
BERLIN (Reuters) – German producer prices rose less than expected in March, posting the smallest year-on-year increase since June 2021, according to data released on …
Rheinmetall and KMW to upgrade Puma armoured vehicles for German army
(Reuters) – Rheinmetall and Krauss-Maffei Wegmann (KMW) have received an order from the German army to upgrade 143 Puma infantry fighting vehicles, the companies said …
Inflation is a tough beast says German finance minister
BERLIN (Reuters) – Inflation is a risk for financial stability and central banks must take this into consideration, German Finance Minister Christian Lindner said on …
German oil imports rose 8.5% in 2022, Russia biggest supplier
FRANKFURT (Reuters) – Germany’s crude oil imports rose 8.5% in 2022 as Europe’s biggest economy recovered from the COVID-19 pandemic and the bill for its …
German engineering production rises at the start of 2023 – VDMA
BERLIN (Reuters) – Production in Germany’s engineering sector rose by 3.2% in the first two months of 2023 compared with the same months last year …
German industry association raises 2023 export growth forecast to 2% – report
BERLIN (Reuters) – Germany’s BDI industry association expects exports to grow by 2% in 2023, double its forecast in January, its president told the Rheinische …
German finance ministry plans austerity measures of up to 20 billion euros – Spiegel
BERLIN (Reuters) – German Finance Minister Christian Lindner is planning an austerity package with a volume of up to 20 billion euros ($22.12 billion), Germany’s …
German wholesale price index up 2% year-on-year in March
(Reuters) – Germany’s wholesale price index rose in March compared with the same month last year, according to data released on Friday. Wholesale prices increased …
German business group wants Berlin to offer more protection in Ukraine
BERLIN (Reuters) – German companies active in eastern European have called on the government in Berlin to take on more risk and provide increased security …
German services sector activity picks up in March -PMI
BERLIN (Reuters) – German services sector activity grew in March at the fastest pace since last May as demand strengthened and spurred job creation, a …
German manufacturing activity downturn deepened in March -PMI
BERLIN (Reuters) – German manufacturing activity shrank in March at the fastest pace in almost three years, a survey showed on Monday. S&P Global’s final …
German import prices show smallest annual increase in two years
BERLIN (Reuters) – German import prices in February registered their smallest increase in two years as energy prices eased. February import prices were up 2.8% …
German inflation expected to ease significantly in March
BERLIN (Reuters) – Inflation is expected to ease significantly in Germany in March on the back of lower energy prices, preliminary data from six economically …
German supply chain shortages ease but long way to go – ifo
BERLIN (Reuters) – German manufacturers are seeing fewer material shortages but Europe’s largest economy is still a long way away from an ideal supply situation, …
German consumer morale slows down on path to recovery – GfK
BERLIN (Reuters) – German consumer sentiment is set to nudge up in April as energy prices have relented somewhat from record highs, though a full …
German court expects conviction for former Audi boss in diesel scandal
MUNICH (Reuters) – Former Audi boss Rupert Stadler is likely to become the first top executive to be convicted in the diesel emissions scandal, with …
German national traveled to New Jersey to have encounter with minor
NEWARK, NJ – A German national was arrested in New Jersey after he traveled to the United States to engage with a minor. At least, …