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…
German government deficit to hit 4.5% in 2023 – Spiegel
BERLIN (Reuters) – The German government’s public deficit will be significantly higher in 2023 than previously thought, reaching 4.5%, due mainly to energy relief measures, the Spiegel news magazine reported on Friday,…
Launch of floating LNG terminal in Lubmin, Germany, delayed – Spiegel
BERLIN (Reuters) – The launch of a floating terminal for liquefied natural gas (LNG) in Lubmin, Germany, which was due at the beginning of December, has been delayed by several weeks, Der…
German government deficit could hit 3.5% in 2023 – Spiegel
BERLIN (Reuters) – Germany’s government deficit could reach as high as 3.5% next year, the Spiegel news magazine reported on Friday citing experts from the Finance Ministry. According to their estimates, the…
German finance minister draws up 14 billion eur relief plan – Spiegel
BERLIN – German Finance Minister Christian Lindner plans a 10.1 billion euro ($10.29 billion) relief package to help taxpayers in 2023 which he is set to present next week, the Spiegel news…
Volkswagen CEO says German economy needs China – Spiegel
BERLIN – Inflation would spiral even further in Germany if it weren’t for business with China, Volkswagen Chief Executive Herbert Diess said in a media interview published on Thursday. “Germany would look…
German economy minister warns of industry shutdown amid gas shortage -Spiegel
BERLIN -Germany is heading for a gas shortage if Russian gas supplies remain as low as they are now, and certain industries would have to be shut down if there is not…
Summer fuel shortages looming over Europe, IEA chief tells Spiegel
BERLIN – Europe could face fuel shortages this summer due to squeezed oil markets, the head of the International Energy Agency, Fatih Birol, told Germany’s Spiegel. “When the main holiday season starts…
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…
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