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…
Germany’s foreign minister: Parts of China trip ‘more than shocking’
By Alexander Ratz BERLIN (Reuters) – German Foreign Minister Annalena Baerbock on Wednesday described parts of her recent trip to China as “more than shocking” and said Beijing was increasingly becoming a…
Germany’s military gaps cannot be fully bridged by 2030, defence minister
BERLIN (Reuters) – Germany’s military cannot completely fill its existing gaps by 2030, Defence Minister Boris Pistorius was quoted as saying, as Berlin seeks to revamp its armed forces after Russia’s invasion…
Germany’s Scholz sees no threat of new financial crisis – Handelsblatt
FRANKFURT (Reuters) – German Chancellor Olaf Scholz sought to assuage fears that the collapse of Silicon Valley Bank and problems at Credit Suisse might trigger a new financial crisis, saying a more…
Germany’s IfW predicts 0.5% GDP growth in 2023 amid stubbornly high inflation
BERLIN (Reuters) – Germany’s IfW economic institute said on Wednesday it did not expect a strong economic recovery in 2023 due to continued losses in consumer purchasing power as a result of…
Germany’s budget for 2024 isn’t in danger despite delays, coalition says
BERLIN (Reuters) – The preparation of the budget for 2024 is not in danger, according to the coalition governing Germany, after its finance minister delayed presenting the first draft of the budget…
Developing countries’ debt troubles in focus at G20 talks, says Germany’s Lindner
BERLIN (Reuters) – The outlook for the global economy and the situation of highly indebted countries will be the main topics of discussion at the Group of 20 (G20) meetings taking place…
In comeback, Commerzbank to join Germany’s DAX blue-chip index
FRANKFURT (Reuters) – Germany’s Commerzbank will rejoin the DAX index on Feb. 27, Deutsche Boerse announced late on Friday, marking a comeback for Germany’s No. 2 lender after it was removed from…
China remains Germany’s main trading partner for seventh year
BERLIN (Reuters) – Trade between Germany and China rose to a record level last year, making the Asian country Germany’s most important trading partner for the seventh year in a row despite…
Germany’s Scholz: EU wants to avoid subsidy race with U.S.
BERLIN (Reuters) – The European Union wants to avoid a subsidy race against the United States and does not want to fare behind Mexico or Canada as a trading partner, German Chancellor…
China must join Ghana debt restructuring effort soon, Germany’s Lindner says
By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – Germany’s finance minister singled out China during a visit to Ghana on Friday, as he called on countries that have lent to the…
Germany’s Habeck optimistic trade dispute with U.S. can be avoided
BERLIN (Reuters) – German Economy Minister Robert Habeck expressed optimism on Thursday that a trade dispute with the United States over subsidies can be avoided. “I think we have a good chance…
Germany’s Thyssenkrupp says Europe must match U.S. climate package
FRANKFURT (Reuters) – German conglomerate Thyssenkrupp on Monday joined peers in saying that European industry was under threat should the continent fail to come up with a scheme similar to the U.S.…
Germany’s education advantage over European peers at risk – IW Study
BERLIN (Reuters) – Germany is well positioned in education levels when compared with its European peers, but a study conducted by the IW economic institute showed that this privileged position could be…
Turnover in Germany’s restaurants, hotels rose markedly in 2022
BERLIN (Reuters) – Turnover in accommodation and food services in Germany rose strongly in 2022 compared with 2021 despite high inflation, the federal statistics office said on Thursday. Turnover in restaurants and…
Davos 2023: Germany’s Scholz upbeat on energy, warns on deglobalisation
BERLIN (Reuters) – Germany’s energy supply for this winter is secure, Chancellor Olaf Scholz said on Wednesday, adding that the ability of Europe’s largest economy to swiftly wean itself off Russian gas…
Germany’s ties with China could change fundamentally – SPD leader
BERLIN (Reuters) – Germany would be forced to cut ties with China in the way it has with Russia should China attack Taiwan, the leader of Chancellor Olaf Scholz’s Social Democrats (SPD)…
Germany’s finance minister sees 2023 inflation at 7%
BERLIN (Reuters) – Germany’s finance minister expects inflation in Europe’s biggest economy to drop to 7% this year and to continue falling in 2024 and beyond, but believes high energy prices will…
Germany’s half-a-trillion dollar energy bazooka may not be enough
By Christoph Steitz FRANKFURT (Reuters) – Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis…
Analysis: Germany’s government looks inward as challenges mount, allies fret
By Sarah Marsh and Michel Rose BERLIN (Reuters) – In its first year, Chancellor Olaf Scholz’s government has driven the biggest overhaul of German policy since World War Two. The next year…
Germany’s Scholz confident will get solution to U.S. Inflation Reduction Act
TIRANA (Reuters) – German Chancellor Olaf Scholz expressed confidence on Tuesday that the European Union and United States would resolve their differences on the U.S. Inflation Reduction Act, a $430 billion green…
Wirecard in the dock as Germany’s biggest fraud trial starts
By Jörn Poltz and Christian Kraemer MUNICH/BERLIN (Reuters) – Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany’s biggest post-war fraud…
Germany’s Scholz welcomes Biden’s openness to tweaking U.S. inflation act
BERLIN (Reuters) – German Chancellor Olaf Scholz welcomed comments by U.S. President Joe Biden that he is open to tweaking the Inflation Reduction Act that has raised fears in Europe of losing…
Germany’s Scholz ‘surprised’ by companies’ China dependence
BERLIN (Reuters) – German Chancellor Olaf Scholz said the number of German companies that have ignored the risks of depending too heavily on the Chinese market was remarkable and stressed the need…
Energy supply improvements brighten Germany’s economic picture -Ifo
BERLIN (Reuters) – Germany’s economic picture has become slightly brighter, with improvements in gas supply, in particular, having an effect, the head of Germany’s Ifo institute told Reuters on Tuesday. Clemens Fuest…
Germany’s IG Metall union calls for further strikes on Monday
FRANKFURT (Reuters) – Germany’s IG Metall union on Sunday called for new strikes on Monday in its ongoing wage dispute. The so-called warning strikes will take place at targeted locations in the…
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