Germany’s Scholz pledges to meet 2% NATO spending target
By Matthias Inverardi and Andreas Rinke DUESSELDORF (Reuters) – German Chancellor Olaf Scholz on Monday said defence companies could count on his government ramping up military spending and that it would meet…
Biden, Germany’s Scholz to meet at White House on Feb. 9
By David Shepardson and Maria Martinez WASHINGTON/BERLIN (Reuters) – President Joe Biden will meet with German Chancellor Olaf Scholz in Washington on Feb. 9 in a bid to rally support for additional…
Germany’s Scholz slams ‘fanatics’ after far-right deportation row
By Thomas Escritt BERLIN (Reuters) – German Chancellor Olaf Scholz urged democrats to stand against far-right “fanatics” after reports emerged of Alternative for Germany party members attending a meeting where expelling citizens…
Explainer-Why is Germany’s economy struggling in 2024?
By Maria Martinez BERLIN (Reuters) – Germany’s ailing economy is experiencing a bumpy start to the year with farmers launching nationwide protests against government plans to cut diesel subsidies and train drivers…
Germany’s Scholz: ‘friendly Union proposal’ for Orban to leave room for Ukraine decision
BERLIN (Reuters) – German Chancellor Olaf Scholz on Friday called his proposal to Hungarian Prime Minister Viktor Orban to leave the room to avoid endorsing a decision to open European Union membership…
Main elements of Germany’s budget for 2024
By Maria Martinez BERLIN (Reuters) -German Chancellor Olaf Scholz’s three-party coalition announced on Wednesday an agreement on the draft budget for 2024 following weeks of negotiations after a court ruling last month…
Explainer-What is happening with Germany’s 2024 budget?
By Maria Martinez and Andreas Rinke BERLIN (Reuters) – German Chancellor Olaf Scholz, Economy Minister Robert Habeck and Finance Minister Christian Lindner resumed talks on Tuesday to find an agreement on the…
Germany’s Social Democrats call for debt brake reform at party conference
BERLIN (Reuters) – German Chancellor Olaf Scholz’s Social Democrats (SPD) agreed on Friday the need for a reform in the medium term of the country’s self-imposed borrowing limits to give the state…
Germany’s Lindner talks tough on EU deficits as budget crisis drags on at home
BERLIN (Reuters) – German Finance Minister Christian Lindner insisted on Friday that EU deficits must be controlled when reforming the bloc’s fiscal rules, a stance analysts said might help his case for…
Germany’s debt brake must be respected – finance minister
BERLIN (Reuters) – Germany’s debt brake must be respected, Finance Minister Christian Lindner told public broadcaster ARD on Tuesday, after a court ruling blew a 60-billion-euro ($64.92 billion) hole in the country…
Germany’s Scholz expects coalition to swiftly agree deal on 2024 budget
BERLIN (Reuters) – German Chancellor Olaf Scholz said on Monday he expected his coalition government to swiftly come to an agreement on the 2024 budget after a constitutional court ruling derailed its…
EU deal on budget review stuck because of Germany’s internal fiscal problems
BRUSSELS (Reuters) – The biggest obstacle to a deal on a mid-term revision of the European Union’s 7-year budget is the internal discussion in Germany on the country’s own budget, thrown into…
Germany’s economy shrinks slightly in third quarter
BERLIN (Reuters) -Germany’s economy shrank slightly in the third quarter compared with the previous three months, data from its statistics office showed on Friday. The figure confirmed an initial estimate, published in…
Germany’s budget committee interrupts 2024 budget deliberations -panel members
By Maria Martinez BERLIN (Reuters) -Germany’s budget committee interrupted final deliberations on the 2024 draft budget early on Friday morning, according to the chief budget officers of the coalition government, after a…
Germany’s Volkswagen shares tumble after margin downgrade
(Reuters) – Volkswagen shares fell to their lowest since April 2020 on Monday after the German carmaker cut its profit margin outlook for the current year, disappointing some investors. Blaming negative effects…
Germany’s Buch picked for top ECB supervision role
FRANKFURT (Reuters) -Germany’s Claudia Buch was picked on Wednesday to head the European Central Bank’s supervisory arm, overseeing a 26 trillion euro banking sector that must now adjust to a new era…
Germany’s 2024 budget reverses fiscal trend since 2019
BERLIN (Reuters) – Germany’s debt has grown since 2019 due to the pandemic and the war in Ukraine but the pattern will change this year, German Finance Minister Christian Lindner said on…
Germany’s Axel Springer settles dispute with fired former Bild editor
BERLIN (Reuters) – German publishing magnate Axel Springer has agreed to an out-of-court settlement in a civil lawsuit against Julian Reichelt, the former editor-in-chief of Germany’s top-selling Bild tabloid, the company said…
Germany’s Merck flags steeper drop in earnings
By Ludwig Burger FRANKFURT (Reuters) -Germany’s Merck KGaA on Thursday warned of a steeper earnings decline on a slump in demand for materials used to produce pharmaceuticals and semiconductors, as its high-tech…
Germany’s struggling property sector in five charts
By Tom Sims FRANKFURT (Reuters) – Germany’s property sector is under stress, prompting firms to call for government support, property developers to file for insolvency and share prices of landlords to plunge.…
Germany’s ProSiebenSat. 1 to cut 400 jobs in push towards digital
BERLIN (Reuters) -German media group ProSiebenSat.1 will cut 400 full-time positions, the company said on Tuesday, as part of restructuring measures focusing on its entertainment activities. “The aim is to achieve a…
Germany’s Scholz hints at more chip investments
BERLIN (Reuters) – German Chancellor Olaf Scholz said on Wednesday that he knew of further plans for large investments in chip production in Germany, a welcome trend as Europe looks to reduce…
Germany’s coalition agrees changes to green heating law after dispute
By Holger Hansen and Riham Alkousaa BERLIN (Reuters) – Germany’s ruling coalition on Tuesday agreed changes to a bill on phasing out oil and gas heating systems after weeks of wrangling that…
Germany’s photovoltaic system demand set for double-digit growth this year, lobby says
BERLIN (Reuters) – German demand for photovoltaic power systems is expected to grow at a double-digit rate this year with solar storage system installations by mid-year topping 2022’s total, the BSW solar…
G7’s China investment continues even as members ‘de-risk’ – Germany’s Scholz
HIROSHIMA, Japan (Reuters) – Members of the Group of Seven rich nations will ensure big investments in China continue even as they pare risky exposure to the world’s second-largest economy, Germany Chancellor…
Germany’s top union to enter Thyssenkrupp defence sales talks
By Christoph Steitz and Tom Käckenhoff FRANKFURT/DUESSELDORF (Reuters) -Influential labour representatives are open to private equity players taking a stake in Thyssenkrupp’s warship division Marine Systems (TKMS) and will set up a…
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