Greenland’s Foreign Minister Resigns as Coalition Cracks in Government Crisis
Greenland’s government is facing a crisis. The broad coalition that governed after last week’s election is fracturing almost a year later, and foreign minister Vivian Motzfeldt has lost her post. The trigger has been a dispute over the candidacy of two Greenlandic ministers who will run in the Danish parliament, where a snap election is scheduled for March 24 in…
March 13, 2026
January 2026 Agricultural Producer Prices Down 10.1% From 2025 With December Down 8.3% and November 5.7%
In January 2026, producer prices for agricultural goods were 10.1 % lower than in January 2025. Compared with the same month a year earlier, plant‑based products fell 11.9 %, while animal‑derived goods dropped 8.9 %. From December 2025 the overall index slipped 2.3 %, after a -8.3 % change in December and -5.7 % in November. Within the plant sector, potato prices drove the…
March 13, 2026
Wholesale Prices Rise 1.2% Year‑over‑Year in February 2026
Wholesale sales prices in February 2026 were 1.2 % higher than in February 2025. The same rise was seen in January 2026 and December 2025, with prices up 1.2 % year over year in those months. Destatis reported on Friday that wholesale prices increased 0.6 % from January to February 2026. The main driver of the overall year‑over‑year increase in February 2026 was the steep…
March 13, 2026
DIHK Criticises CDU’s Top Tax Rate Increase as Growth Threat
The German Association of Industry and Commerce (DIHK) sharply criticized the Union’s intention to increase the top income‑tax rate while simultaneously easing the steep tax rise for middle‑income earners as part of a major tax reform. Helena Melnikov, DIHK’s chief executive, told the newspaper “Handelsblatt” that the party’s stance keeps it…
March 13, 2026
Sven Schulze Demands Softening of EU Emission Trading System
Sachsen-Anhalt’s Minister-President Sven Schulze, a member of the CDU, has called for a softening of the European climate policy. “We need relief from the European emission‑trading system (ETS)” he told the NTV news site on Friday. “The EU is pulling CO₂ certificates out of the market, driving up the price of the remaining permits and thereby lifting…
March 13, 2026
German Corporate Insolvencies Jump 10.3% in 2025 to 24,064 Ten-Year High
In 2025 German district courts registered 24,064 company‑insolvency filings, a 10.3 % increase over the previous year. 2024 and 2023 had already seen rises of more than 20 % each (22.4 % in 2024 and 22.1 % in 2023). The only year with a higher total was 2014, which reported 24,085 cases; the peak during the 2009 financial‑and‑economic crisis was 32,687. The figures reflect…
March 13, 2026
East Commissioner Backs National Library And Condemns Leipzig Expansion Halt
Elisabeth Kaiser, the East German Minister of the Federal Government, sharply criticized the decision by Culture Minister Wolfram Weimer to halt the planned expansion of the German National Library at its Leipzig site. “It is incomprehensible that the already‑planned expansion has now been stopped” Kaiser said on Friday. “This decision should be…
March 13, 2026
Dax Stumbles as Zalando Steers Weekend Decline
The DAX slipped as the week drew to a close. At the Xetra closing bell it stood at 23 447 points, a drop of 0.6 % from the previous day’s close. After a weak start the index turned positive early in the afternoon, only to slip again in the late afternoon. Analyst Andreas Lipkow of CMC Markets said that investors worldwide remain caught up in the fallout from the war in…
March 13, 2026
DAX Slips Amid Chip Production Pressure
The DAX opened weaker on Friday. By 9:30 a.m., the index was calculated at about 23,315 points, 1.2 % below yesterday’s closing level. Consorsbank’s chief market analyst Jochen Stanzl said the two‑week‑old Iran conflict is now increasingly affecting Germany’s economy. “We’re looking at inflation, growth, and valuations. A quick solution…
March 13, 2026
Biontech investors Strüngmann plan to back Sahin Türeci’s new biopharma startup.
The Strüngmann brothers, founders of BionTech, intend to invest in the new company that departing executives Ugur Sahin and Özlem Türeci are creating. Thomas Strüngmann, who co‑founded BionTech in 2007 with his twin brother Andreas, three other partners and the cancer researchers Sahin and Türeci, said: “We have pledged to support Ugur and to invest alongside…
March 13, 2026
Kiesewetter Urges President Steinmeier to Debate Mandatory Social Year
Ruderich Kiesewetter, a federal foreign‑policy spokesperson for the CDU, has called on President Frank‑Walter Steinmeier to initiate a debate about a mandatory social year. “I would like to see intensive discussions between churches, trade unions and policymakers” Kiesewetter told “Die Welt” on Saturday. “The President could invite everyone to…
March 13, 2026
Reiche Unveils Five-Point Plan to Bolster German Industry Amid Global Uncertainty
German Federal Minister of Economic Affairs Katherina Reiche (CDU) stressed the importance of a strong industrial sector for Germany and Europe in a period of global uncertainty. On Friday in Berlin she said that, despite existing differences between politics, trade unions and businesses, cooperation is essential to secure the country’s position. Germany and Europe…
