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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 calls for better staffing at Tesla plant amid expansion plans
FRANKFURT (Reuters) – Germany’s top union IG Metall on Monday called for Tesla to improve staffing conditions at its German gigafactory as it prepares to expand, with the carmaker due to publish…
German economy may contract slightly in 2023 – IMF
BERLIN (Reuters) – Germany’s economic output may shrink slightly this year due to the energy price shock and tightening financial conditions, the International Monetary Fund (IMF) said on Monday. Gross domestic product…
German economy may disappoint as sentiment worsens – Bundesbank
FRANKFURT (Reuters) – The German economy may shrink by more this year than expected only a few weeks ago despite a small bounce in the second quarter, the Bundesbank said on Monday.…
Explainer-How big oil won the bidding for German offshore wind sites
By Vera Eckert and Susanna Twidale FRANKFURT/LONDON (Reuters) – Energy majors BP and TotalEnergies have won a 7 gigawatt (GW) offshore wind site auction in Germany worth a record 12.6 billion euros…
German inflation bucks downward trend in June
BERLIN (Reuters) – German inflation rose in June, interrupting a steady decline since the start of the year. German consumer prices, harmonised to compare with other European Union countries, increased by 6.8%…
German economy faces uphill climb as industrial output falls
BERLIN (Reuters) – A swift economic recovery for Germany appeared less likely on Friday as data showed a surprise fall in industrial production. Output fell by 0.2% in May compared with the…
German services sector loses some shine as growth slows -PMI
BERLIN (Reuters) – Growth in Germany’s services sector slowed in June amid signs a recent resurgence in demand was losing steam, a survey showed on Wednesday. The HCOB final services Purchasing Managers’…
German firm sees U.S. getting lion’s share of 100 billion euro military fund
By Alexander Hübner MUNICH (Reuters) – Up to half of the 100 billion euro ($109 billion) special fund set up to modernize the German military will likely go to U.S. defence companies,…
German alternative Mastodon gets boost from newly restricted Twitter
BERLIN (Reuters) – Turmoil at Twitter following new limits to the amount of posts users can see appears to be driving a surge in activity at Mastodon, a German rival that prides…
German manufacturing shrinks in June as demand weakens-PMI
BERLIN (Reuters) – Germany’s manufacturing sector contracted at the fastest rate in more than three years in June, with both output and new orders falling, a survey showed on Monday. The HCOB…
Ford finds international investor for German plant in Saarlouis
HAMBURG (Reuters) – Ford has found what it described as a major international investor for the U.S. carmaker’s German plant in Saarlouis and has signed initial agreements together with the western state…
Energy crisis and inflation push more German firms into insolvency – study
(Reuters) – The number of German firms pushed into insolvency rose in the first half of this year at the fastest pace in more than two decades due to the energy crisis,…
Domingo German pitches perfect game for Yankees
Fans who showed up for the Oakland A’s game against the New York Yankees got a treat few in baseball have witnessed firsthand. Only 12,479 fans showed up for the game. New…
Inflation up in German states, pointing to national rise
BERLIN (Reuters) – Inflation rose in five economically important German states in the month of June, preliminary data showed on Thursday, suggesting a bumpy road ahead for German inflation. The inflation rate…
German recession to end in Q2 with slight GDP rise – Bundesbank
BERLIN (Reuters) – Recession in Germany is expected to end in the spring quarter, the Bundesbank said in its monthly report on Monday, adding that gross domestic product would “rise slightly” in…
German unions criticise possible Deutsche Bank job cuts
FRANKFURT (Reuters) – Deutsche Bank’s reported plans for possible job cuts at its German retail operations were roundly criticised by a union on Friday, foreshadowing tough labour negotiations ahead. Germany’s largest bank…
German services sector growth eases in June, manufacturing slumps -flash PMI
BERLIN (Reuters) – German business activity slowed notably this month as growth in the services sector decelerated and a slump in manufacturing deepened, a preliminary survey showed on Friday. The HCOB German…
German vice chancellor cuts investment guarantees for China by $5.5 billion -Spiegel
FRANKFURT (Reuters) – Germany’s vice chancellor and economics minister, Robert Habeck, has reduced liability for investments by German companies in China by around five billion euros ($5.48 billion) since taking office, German…
Brexit an ‘economic disaster’ for UK and German trade – DIHK
BERLIN (Reuters) – Brexit has been an “economic disaster” for trade and investment ties between the United Kingdom and Germany, leading to a fall in German direct investment and seeing the UK…
Bundesbank sees German economy shrinking this year
FRANKFURT (Reuters) – The German economy, Europe’s biggest, will shrink this year and inflation will stay above 2% at least through 2025, the Bundesbank said on Friday in a biannual update of…
Intel near deal on 9.9 billion euro German government subsidy, Handelsblatt says
(Reuters) – Intel and the German government are close to an agreement for the chipmaker to receive 9.9 billion euros ($10.83 billion) in subsidies, up from a previously agreed 6.8 billion, Handelsblatt…
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 from Saturday shifts, but it is still…
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 pressures in the global energy market and…
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 by 2.6% on the year and 1.1%…
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 of 0.4% for this year … In…
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