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Economy / Finance
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Germany’s Primary Energy Consumption Saw Slight Dip in First Quarter
Primary energy consumption in Germany decreased slightly during the first three months of the current year, according to…
Truck Traffic Drops Slightly on German Autobahns in April
Mileage for mandatory toll-paying heavy goods vehicles (HGVs) with a minimum of four axles traveling on federal autobahns…
Commerzbank Slashing 3000 Jobs Amid Looming Unicredit Takeover
Facing potential acquisition by the Italian firm Unicredit, the Commerzbank announced a sweeping reduction of approximately 3,000 jobs…
Germany Plans Major Investments in Ukraine After Expected Peace
According to the East Committee of German Business, German companies are already planning extensive investments in Ukraine for…
US Stock Markets Drop Oil Prices Continue Declining
US markets experienced a downturn on Thursday. Trading ended in New York with the Dow Index calculating at…
Dax Declines Sharply Investors Turn to Henkel Stocks
On Thursday, the Dax showed a significant decline, closing at 24,664 points on the Xetra exchange. This marks…
Construction Sector Criticizes Government For Neglecting Housing And Infrastructure
The German construction industry has publicly criticized the ruling coalition (the “black-red” bloc) for insufficient progress on housing…
Henkel CEO Does Not Rule Out Price Hikes for Consumer Goods Next Year
Henkel CEO Carsten Knobel stated to RTL and ntv that he does not rule out raising prices for…
SIEMENS HEALTH AND DAX DIVE AS MARKETS REACT TO EUROZONE FINANCES
The DAX initially started the trading day positively, but by midday, it had dipped into negative territory. By…
IW Urges EU to Strengthen Trade Ties with Gulf States Despite Middle East Conflict
According to a study conducted by the Institute for German Economics (IW), the European Union should strengthen its…
EU Pumps Five Billion Euros Into Industrial Decarbonization Effort
The European Commission has approved a German aid scheme valued at five billion euros, designed to support industrial…
Manufacturing Orders Surge Reaching Three-Year High Mark
According to preliminary data from the Federal Statistical Office (Destatis), the index of adjusted industrial orders in March…
VW Plants Cheaper Than Porsche Sites Heated Debate Over Diesel Slashing Program
Discussions surrounding Volkswagen’s ongoing cost-reduction program are intensifying. During recent presentations given to the supervisory board and top…
German Stocks Start Strong Amid Euro Bond Demand
The German DAX began the trading day on Thursday morning with positive momentum. By 9:30 AM, the leading…
Aida Expects Boom Year Despite Middle East Crisis Cruise Market Remains Strong
Aida, a leading cruise company in Germany, anticipates that the cruise market will remain strong and resilient, even…
Energy Prices Surging To Crisis Levels Exceeding Ukraine War Spike
Current inflation rates for energy products, measured against the previous year, are sometimes comparable to those recorded during…
German Service Sector Sales Jump in February Outpacing January Gains
According to preliminary figures released by the Federal Statistical Office (Destatis), the service sector in Germany-excluding finance and…
Most Family Businesses Will Not Pay the 1000 Euro Tax-Free Employee Bonus
According to a recent poll conducted by the Association of Family Entrepreneurs, the majority of medium-sized family businesses…
German Central Bank Signals Rate Hike Expected in June
Friedrich Joachim Nagel, President of the Federal Bank, predicts that interest rates are likely to increase in June.…
US Stock Markets Surge Fueled by Iran Deal Hopes and AI Boom
US stock exchanges experienced significant gains on Wednesday. By the close of trading in New York, the Dow…
CNN Founder Ted Turner Passes Away at Age 87
Ted Turner, the founder of CNN, has died at the age of 87, according to reports from the…
Novo Nordisk Targets US Employers With Multi-Billion Dollar Weight Loss Drug Deals
The Danish pharmaceutical group Novo Nordisk intends to collaborate more closely with companies in the multi-billion dollar market…
German Stock Index Jumps Signaling Hope Between US Iran
The German stock market index, the Dax, rose sharply on Wednesday. By the close of trading on Xetra,…
Berlin in Talk with Israel Over Energy Partnership Kerosene and Gas Deliveries
According to a spokesperson for the Federal Ministry for Economic Affairs in Berlin, Israel has offered to supply…
German Stock Index Dax Surges Above 25000 Mark Midday Gains Continue
The German DAX Index continued its positive trend on Wednesday, rising significantly after a favorable start to trading.…
Tax Revenue Remains Stable Despite Economic Deterioration
Despite a worsening economic climate, tax revenues are expected to remain relatively stable for the time being. According…
BMW Board Chairman EU Must Implement Deal Terms During US Tariff Dispute
Nicolas Peter, Chairman of the BMW Supervisory Board, stated that he views the European Union as having a…
DAX Rallies As Oil Prices Drop Following US Announcement
The DAX opened positively on Wednesday morning. By 9:30 a.m., the leading index was calculated at around 24,700…
Verdi Rejects Unicredit Takeover of Commerzbank
The trade union Verdi has rejected the proposal for UniCredit, the Italian banking group, to acquire Commerzbank. During…
Unemployment Reserve Grows German Workers Desire Return to Labor Market
In 2025, nearly 4.9 million people in Germany aged 15 to 74 expressed a desire to work, representing…
Daimler Truck Profit Plummets Eighty Percent First Quarter Earnings Hit Investor Alarm
The profit for truck manufacturer Daimler Truck plummeted by 80 percent in the first quarter of this year.…
Chemical Industry Business Climate Plummets to Three-Year Low
The business climate in the chemical industry dimmed significantly in April. Data from the Ifo Institute revealed that…
Vonovia Boss Sees No Devaluation Risk for Real Estate Portfolio
Luka Mucic, the new CEO of the real estate conglomerate Vonovia, currently sees no devaluation risk for the…
German States Spent Over 191 Million Euros on Microsoft Products
According to a survey conducted by “Tagesspiegel Background” German federal states spent more than €191.7 million on Microsoft…
US Stock Markets Climb Nasdaq Rises Strongly
US stock exchanges saw gains on Tuesday. Trading in New York saw the Dow Jones industrial average finish…
US Investors Target German Single Family Home Market
Major US investors are making an entrance into the German market for terraced and detached single-family houses. Following…
Dax Rallies Highlighting Infineon’s Strong Performance
The DAX saw a marked increase on Tuesday, closing the trading day at 24,402 points, representing a gain…
Wirtschaftsweise Accuses CDU of Flawed Diagnosis Citing Reformitis Problem
Achim Truger, a CDU economist, has leveled severe criticisms against the CDU-CSU coalition government in its first year…
Wind Energy Giant Warns Europe Faces New Energy Crisis After Middle East Conflict
Henrik Andersen, the CEO of wind power manufacturer Vestas, recently warned about the impending impact of geopolitical crises,…
Oil Giants Cull Fuel Discount Pass Through Only Partially At Pumps
The fuel discount implemented by the German government starting May 1st is reportedly not being fully reflected at…
Dax Rises To Offset Losses While Eyes Unicredit Opportunity
The Dax continued its recovery trend on Tuesday afternoon, recovering nearly all of the losses accumulated the previous…
Germany Sees Peak Insolvency Rates Again in April
The number of insolvencies for both corporate and individual businesses in Germany reached a level in April that…
DAX Begins Tuesday Trading Up After Yesterday’s Plunge
Following significant losses from the previous day, the Dax began trading on Tuesday with a positive trend. Shortly…
Google Powering Apple Siri Functions Will Run Smart AI Models
Google Cloud CEO Thomas Kurian revealed details of a significant technical collaboration between Google and Apple, asserting that…
German Tour Operators Promise Travel Prices Won’t Skyrocket Due to Jet Fuel Costs
Despite rising kerosene prices, the major German travel agencies-Tui, Alltours, and Dertour-have unanimously stated that they will not…
Schnieder Says Germany Has Enough Jet Fuel No Crisis Expected
Federal Minister of Transport Patrick Schnieder (CDU) stated that Germany is not facing a shortage of kerosene, noting…
CDU Economic Council Demands Faster State Modernization Action Now
The CDU-affiliated interest group Wirtschaftsrat der CDU is calling for the Federal Digital Minister, Karsten Wildberger (CDU), to…
US Stock Markets Drop Amid Mounting Iran War Fears
US stock markets saw significant losses on Monday. By the close in New York, the Dow Jones Index…
German Index Drops Sharply Oil Prices Surge After Holiday Weekend
Following a long weekend, the German DAX index experienced a significant decline. At the close of Xetra trading,…
Wero Slams ECB Plans For Digital Euro While Finding Little Flaw
Martina Weimert, the head of the European Payments Initiative (EPI) and the payments provider Wero, has sharply criticized…
April Gas Prices Reach All-Time Highs German Drivers Pay Premium Fuel Costs
In April 2026, fuel prices reached new peaks in Germany. According to the ADAC, the average cost for…
German Stock Market Plummets Midday Auto Sector Faces Pressure
The German market index, the DAX, which initially had a positive start to the trading week on Monday,…
Rewe Boss Accuses Brands Of Keeping Low Ingredient Prices From Consumers
Rewe’s Chief, Lionel Souque, criticized major brand manufacturers for failing to pass lower raw material costs onto consumers…
Volkswagen Postpones Integration of Saxony Subsidiary By Up To Two Years
Volkswagen is reportedly considering pushing back the planned integration of its Saxon subsidiary by potentially up to two…
Haribo Achieves Record Candy Sales in 2025
Haribo recorded its highest-ever sales figures for 2025. According to Herwig Vennekens, Chief Commercial Officer of the Haribo…
German Stock Market Starts Strong Focus Remains on Strait of Hormuz
The DAX index opened the trading week on Monday morning with a positive start. By 9:30 a.m., the…
German Public Service Majority Works In Education And Security Spheres
As of June 30, 2024, Germany had a total of 1.96 million civil servants, judges, and soldiers. While…
Auto Industry Sentiment Plunges As IFO Business Confidence Deteriorates Sharply
The Ifo Institute reported on Monday that the business climate for the automotive industry deteriorated significantly in April.…
Commerzbank Executive Slams Unicredit Buyout Plan For Not Protecting Shareholder Value
During the ongoing takeover struggle for Commerzbank, Deputy CEO Michael Kotzbauer has strongly rejected the proposal put forward…
Volkswagen Factories Miss Cost Targets Pressure Mounts in Germany
Pressure appears to be mounting on Volkswagen’s German manufacturing plants. According to the “Handelsblatt”, which reported citing internal…
Dangerous Goods Persist on Online Marketplaces Despite EU Warnings
Harmful consumer goods are still being sold online for years, even after official warnings from the EU were…
Fuel Tax Cut Partially Impacts Gas Prices At Stations Says ADAC
According to the ADAC, the recent reduction in fuel taxes has only resulted in a partial decrease in…
Landlords Must Pay More Tenants Pay Fair Share of Renovation Costs
The German Federal Association of Housing and Real Estate Companies (GdW) advocates that the cost contribution of tenants…
Deutsche Bahn Reports Clean Sweep Positive Results After New Cleaning Program
Deutsche Bahn is reporting positive results three months after implementing a specialized program aimed at improving cleanliness across…
AI Threatens Office Jobs Skilled Trades Remain Job Safe
The labor market is undergoing a shift, with the spread of Artificial Intelligence (AI) negatively affecting traditional office…
Stocks Mixed Signal Nasdaq Rises Despite US Market Divergence
US stock markets presented a mixed picture on Friday. By the close in New York, the Dow Jones…
Plastics Industry Fears Supply Crunch Amid Iran Crisis Profoundting Raw Material Shortages
Markus Steilemann, the CEO of the chemical conglomerate Covestro, predicts that the Iran crisis will lead to significant…
German Gasoline Prices Drop Significantly Yet Fall Short of Predicted Lows
Fuel prices at German gas stations saw a noticeable decrease on May 1st, though the reduction was not…
Dax dips below key 24000 mark amid mixed market signals
The main German index, the Dax, saw a slight dip on Wednesday afternoon, following a more positive start…
EU Approves Temporary Higher Electricity Subsidies for Businesses
The European Commission announced on Wednesday that it has decided to temporarily allow member states to offer higher…
Deutsche Bahn Offers Last Minute Train Tickets for Affordable Travel
Deutsche Bahn announced that it will begin offering last-minute tickets for long-distance rail travel. According to Michael Peterson,…
Aviation Groups Seek Nato Fuel Line Access from German Government
The German aviation industry is pressing the federal government to grant access to the NATO-built kerosene pipeline system…
US Stock Markets Surge Driven by Technology Giants
U.S. stock markets saw notable gains on Thursday. By the close of trading in New York, the Dow…
Economist Truger Slams German Government’s Budget as Deep Cutuster Budget
Economist Achim Truger described the federal government’s budget as a “true austerity budget”. Speaking to the economic magazine…
German Companies Boost Price Hikes Planned As Inflation Fears Swell
More businesses in Germany are planning to significantly raise their prices. According to the Institute for Forecasting (Ifo),…
National Maritime Conference Kicks Off With Political Leaders and Business Elite
On Wednesday, Federal Chancellor Friedrich Merz, accompanied by Economics Minister Katherina Reiche (both from the CDU party), opened…
Landlords Considering Selling Homes Amid Property Rental Law Changes
According to a recent survey conducted by the residential property association Haus und Grund, 60.5 percent of private…
Bundeskartellamt Finds Many Violations Of Gas Station Price Rules
The Federal Cartel Office has reported identifying a substantial number of violations concerning the rule that limits gas…
DAX Jumps Higher After ECB Decision Oil Prices Dip
The DAX index climbed significantly on Thursday, closing at 24,292 points, marking a 1.4 percent increase compared to…
European Central Bank extends rate freeze holding key interest rate at two percent
The European Central Bank (ECB) announced that following its committee meeting in Frankfurt, it has once again extended…
German Stock Index Dax Turns Positive Ahead of ECB Rate Decision
The DAX index managed to turn positive on Thursday after a weak start, closing at 24,030 points, which…
Dax Trails Weak Start New Economic Data Fuels Investor Concerns
The DAX started its trading session on Thursday sluggishly, although it managed to somewhat mitigate earlier losses. Shortly…
German GDP Rises First Quarter Driven by Strong Consumption Spending
According to the Federal Statistical Office, Germany’s gross domestic product (GDP) rose by 0.3 percent in the first…
Weak Labor Market Spring Slowdown Despite Expected Job Revival
Unemployment fell slightly in April, dipping by 13,000 people to a total of 3.008 million, though this figure…
German Import Prices Jump 2 Percent in March Year Over Year
According to the Federal Statistical Office, import prices in Germany rose by 2.3 percent in March compared to…
German Retail Sales Drop 2 Percent in March Marking Weak Demand
Preliminary data from the Federal Statistical Office, released on Thursday, indicates that the turnover in Deutschlands retail sector…
Volkswagen Sees Dip in Sales and Profit in First Quarter 2026
On Tuesday morning, the automaker disclosed its financial results for the first quarter of 2026. Group revenue stood…
BASF Demands EU Tougher Stance Against China’s Unfair Trade Practices
BASF CEO Markus Kamieth has urged the EU to confront China’s unfair trade practices. Speaking to “Focus” Kamieth…
BASF Warns Of Economic Fallout From Ongoing Inflation And Conflict
Markus Kamieth, CEO of BASF, has issued warnings regarding the economic repercussions of the war in Iran, stating…
Dax Drops Oil and Gas Prices Soar
The market started the week with a downturn, as the Dax index finished Wednesday at 23,955 points, marking…
Edeka Promises Job Security For All Staff During Tegut Acquisition
Markus Mosa, the CEO of Edeka, stated that in the event of Tegut’s acquisition, the company plans to…
Verdi Expands Strike Action Against Deutsche Telekom
The labor union Verdi is expanding its warning strikes at Deutsche Telekom. This Thursday, employees in Hessen, Rhineland-Palatinate,…
US Stock Markets Mixed After Interest Rate Decision Gold Prices Drop
The US stock markets showed mixed results on Wednesday. By the close in New York, the Dow Jones…
Federal Reserve Keeps Key Interest Rate Unchanged for Economy
The Federal Reserve has kept its key interest rate unchanged, maintaining the target range between 3.5% and 3.75%,…
Gas prices continue to climb across German fueling stations
Gas station prices across Germany are increasing again. Despite a slight easing observed in fuel costs over recent…
Unicredit Board Chairman Orcel Insists Commerzbank Takeover Unstoppable
Andrea Orcel, the Chairman of Unicredit, maintains his resolute stance regarding the takeover bid for Commerzbank. Speaking to…
German Hospitals Warn Of Supply Shortages In Medical Supplies
Concerns are growing regarding potential shortages of medical consumables in German hospitals over the coming months. According to…
German Rail Unveils Special Family Packages for Summer Getaways
Deutsche Bahn (DB) is preparing for a predicted surge in customer numbers during the upcoming holiday season. Michael…
Only One Tenth of Young Workers Join a Union Despite New Opportunities
Based on an analysis conducted by the German Institute for Economics (IW) using data from the European Social…
German Stocks Rise Anticipating Federal Reserve Decision
The German DAX index began trading positively on Wednesday morning. The main index was calculated around 9:30 a.m.…