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Economy / Finance
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Volkswagen’s Profit Plummets as Electric Cars Drag Down Results
Volkswagen starts fiscal year 2025 with a profit decline. As the company announced on Wednesday, the consolidated net…
Retirees to face tax cuts, but only if economy grows
Thorsten Frei, the future Chief of the Chancellor’s Office (CDU), expects tax relief for small and medium-sized enterprises…
IG Metall Optimistic with Thyssenkrupp
The IG Metall is currently in negotiations with Thyssenkrupp regarding the closure of thousands of steel jobs. Christiane…
IG Metall: Wealth Tax & Higher Top Marginal Tax Rate to Fund Public Good
Christian Benner, the head of the IG Metall, is calling for a wealth tax in the tax debate.…
Rainer Promises No Meat Tax Hikes, Sees Potential for Lower Meat Prices
Designated Federal Agriculture Minister Alois Rainer (CSU) announces a shift in agricultural and meat policies and suggests that…
Stock markets rise despite falling consumer confidence.
US stock markets have closed with gains on Tuesday. At the end of trading in New York, the…
Critics slam Merz’s cabinet picks as ‘Rich and Powerful’ agenda
Grünen- und Linke-Chefs kritisieren Friedrich Merz für angeblich einseitige Kabinettsbesetzung The leaders of the Green and Left parties…
Experts Call for Urgent Action and Stabilization Measures.
Germany is facing a prolonged economic stagnation crisis, according to several economists. Since 2019, before the COVID-19 pandemic,…
Expert Rules Out Iberian-Style Blackout
Aachen, Germany – Aachen University’s Professor Albert Moser has stated that a large-scale blackout like the one recently…
Minimum wage demand of 15.12 euros to end poverty despite work
On Labor Day, the SoVD is calling for a strengthening of employee rights and a noticeable improvement in…
Deutsche Bank’s Profit Surge Lifts Dax, as Investors Await Key Data and Trade Policy Clarity
On Tuesday, the Dax experienced gains. At the Xetra trading close, the index was calculated at 22,425 points,…
Blackrock CEO Sees Europe as Winner in US Trade Dispute
Larry Fink, CEO of the asset manager BlackRock, sees weakness in the US dollar as an opportunity for…
Dax Soars on Hope of Trade Deal, as Investors Await Quarterly Reports
The Dax remained in the green on Tuesday after a friendly start in the morning. By around 12:30…
Deutsche Bank CEO Urges Rapid Reforms Amid Economic Uncertainties
Deutsche Bank CEO Christian Sewing urges new government to swiftly implement necessary reforms Christian Sewing, CEO of Deutsche…
Verdi Union Accepts Mediation Deal for Ground Handling Workers
The Bundestarifkommission Bodenverkehrsdienste of the service workers’ union Verdi has accepted the mediation recommendation from last week for…
Dax Surges as Trade War Worries Fade; Investors Eye Tech Giants’ Earnings Reports.
The Dax started the trading day on Tuesday in a friendly mood. At around 9:30 am, the leading…
DWS and Deutsche Bank Expand Private Credit Partnership
Deutsche Bank and its asset management subsidiary DWS expand cooperation on private loans The collaboration between Deutsche Bank…
EU Promises Financial Aid to German Businesses Hit by African Swine Fever
The European Commission has promised financial aid for the German businesses that were previously affected by the foot-and-mouth…
The Poor Are Getting Poorer
A new report by the Paritätischen Wohlfahrtsverband has found that income-poor people have become even poorer in recent…
German Companies Struggle with Economic Uncertainty Amidst Trade Tensions
German companies are increasingly struggling to predict their business development. According to a survey conducted by the Ifo…
GfK Report
German consumer sentiment has continued its recovery in April, according to the GfK Consumer Climate survey released on…
European Banks: Strong and Prepared for Tariffs and Market Turbulences
According to the European banking supervisor Eba, European banks are well-prepared for the challenges posed by the US…
DAK Urges Quick Action from New Health Minister
The head of the health insurance company DAK, Andreas Storm, has urgently appealed to the newly appointed Health…
Trump’s 100 Days: Chaos and Uncertainty Dominate US Foreign and Economic Policy
According to the deputy Prime Minister of North Rhine-Westphalia, Mona Neubaur (Green Party), the first 100 days of…
Rheinmetall: No Problem with Trump Tariffs, Sees Strong Future in US Military Programs and European Growth Opportunities.
The arms company Rheinmetall is taking the trade policies of US President Donald Trump in stride. “We are…
Unionist Calls for Action Against AfD Rise
IG Metall’s Chaja Boebel criticizes trade unions’ stance towards right-wing initiatives in companies. Boebel, who is responsible for…
Tech Giants’ Earnings Reports Expected to Drive US Stock Markets Despite Trade Uncertainty
US stock markets showed caution on Monday. At the end of trading in New York, the Dow was…
EU Struggles to Meet $350 Billion Target
US President Donald Trump’s request for more gas imports from the US puts the EU in a difficult…
Green Party Demands Transparency from Incoming CDU Ministers
The European Parliament member Daniel Freund (Grüne) demands that the designated Federal Economic Minister Katherina Reiche (CDU) and…
DAX Holds Steady as Airbus and Merck Surge Amidst Political News Lull
At the start of the week, the Dax showed a cautious performance. At the Xetra trading close, the…
German Farmers’ Association Urges New Minister to Simplify Regulations
The German Farmers’ Association (DBV) has called on the designated Agriculture Minister Alois Rainer (CSU) to reduce regulations…
SAP, FMC and Airbus Lead Gains
The Dax remained in the green on Monday after a friendly start earlier in the day. By around…
ENTSO-E Proposes Dividing Germany’s Power Zone into Five New Zones for Increased Efficiency
The European transmission system operators (ENTSO-E) are considering dividing the current electricity zone, which includes Germany and Luxembourg,…
Dax Rises on Monday, with Daimler Truck Leading the Pack
The Dax started the trading day on Monday in a friendly manner. At around 9:30 am, the leading…
A Bold Step in Financing the Defense Sector
The Deutsche Bank has expressed its support for partially guaranteeing bank loans to defense firms. In a guest…
Highest Proportion in Hospitality, Arts and Retail
In Germany, more than a quarter (27 percent) of the self-employed worked at least occasionally on weekends in…
Job Cuts Slow Down Slightly in Germany, but Uncertainty Lingers
German companies continue to reduce jobs, albeit at a slower rate than in the previous month. The employment…
Tariffs Threaten Jobs in Southern Germany Amidst Trump’s Trade War
If the threatened tariffs by US President Donald Trump against the EU were to come into effect after…
Record Spending on Citizen’s Income Hits 46.7 Billion Euros: CDU Calls for Abolition
The costs of citizens receiving unemployment benefits have reached a record high of 46.7 billion euros last year.…
Cashless Mini-Supermarkets to Boost Rural Provision
The retail trade in North Rhine-Westphalia is calling for the creation of uniform regulations for automated stores across…
A Double-Edged Sword in the Fight Against Recession
The future German government plans to take on several hundred billion euros of debt. The aim is to…
Stock Markets Plummet, Trump Slams Central Bank Chief as ‘Loser’
US Stocks and the dollar fell again after President Donald Trump escalated his attack on the US central…
New Tariffs on Solar Imports from Southeast Asia
Washington has expanded its trade dispute with China by imposing high tariffs on solar imports from four Southeast…
Austria Tightens Borders Amid Suspected Biological Terrorism Threat
Swine Vesicular Disease (SVD) is spreading in Hungary and Slovakia. Veterinarians are vaccinating and authorities are closing borders,…
Trump’s Move Fails to Weaken Global Trade Powerhouse
China’s Rise and the Shift in Global Manufacturing China is no longer the world’s workshop as western companies…
Record High Amidst Uncertainty of US Monetary Policy
Gold Price Hits Record High of Over $3,400 per Ounce The price of a fine ounce of gold…
Hefty Costs Hit Homeowners
Germany’s outgoing Minister for Economic Affairs, Robert Habeck (The Greens), claims that the decision to stop importing Russian…
Raw Material Imports Down, US Agriculture Suffers
The trade dispute between the US and China, fueled by President Donald Trump’s administration, has already had an…
China’s Ambassador Warns Tariffs Could Spark Global Economic Crash
The Chinese Ambassador to the United States, Xie Feng, has called on Washington to seek a common ground…
A Boon for the World or a Threat to Western Economies?
The concept of “Chinese overproduction” has become a common phrase when discussing China’s export products. It implies that…
China’s Ambassador Warns Trade War Could Trigger Global Economic Collapse
The Chinese Ambassador to the United States, Xie Feng, has called on Washington to seek a common ground…
Chinese Ambassador Warns of Economic Apocalypse if Trade War Continues
Chinese Ambassador Xie Feng Calls for Peaceful Coexistence and Warns of Retaliation in Trade War BEIJING – Chinese…
US Wealthy Flee to Switzerland Amidst Trump’s Trade War Escalation
Wealthy Americans are increasingly looking to Switzerland as a safe haven for their assets amid heightened tensions and…
China Snubs US Gas, Seeks Russian LNG Partnership
According to the consulting firms Kpler and LSEG, China did not purchase any gas from the United States…
Trade Wars Threaten Global Economy, Warns IWF Chief Kristalina Georgieva
The International Monetary Fund (IMF) has warned that the global economy is expected to slow down and face…
One-Third of Companies Plan Layoffs
A survey conducted by the Cologne-based Institute for Economic Research (IW) has revealed that more than a third…
Russia’s Shift to Domestic Currency Transforms Global Trade Landscape
Russia Successfully Reduces Use of “Unfriendly” Currencies Russia has successfully reduced the use of “unfriendly” currencies, according to…
US Gains Control Over Ukraine’s Reserves?
The United States and Ukraine have signed a draft agreement on rare earths, Ukrainian Economy Minister Julia Swiridenko…
Ruble Soars 40%: Trump-Moscow Rapprochement and Smart Central Bank Strategy Drive Record Gain
The Russian ruble has broken through the psychologically important threshold of 81 against the US dollar, reaching its…
EU Companies Embrace Russian Gas as US Dependency Fades
French and German companies are reportedly discussing the possibility of Gazprom returning to the European gas market. Didier…
A Boost for Domestic Industry?
The Ministry of Industry and Trade is planning to restrict parallel imports in favor of Russian goods, according…
Trump Intervenes Directly
US President Donald Trump directly intervened in the trade talks with Japanese officials on Wednesday, indicating that much…
ECB Cuts Rates Again Amidst Global Economic Uncertainty
The ECB’s decision comes only a few weeks after the controversial “Day of Liberation” declared by US President…
Deutsche Bahn stoppt Bauprojekte – Schweizer Kollegen jubeln
The Berliner Tagesspiegel reports on the latest bad news from the planning offices of the Deutsche Bahn. The…
Ruble Surpasses Gold as World’s Most Profitable Currency, Thanks to Trump’s Trade Wars
The Russian Ruble has become the most profitable currency in the world, having gained 38% in value since…
Russian Real Estate Brokers & IT Developers Reign as Best-Paid Professionals, Outpacing Siberian Freight Drivers & Engineers
According to the newspaper Iswestija, citing data from the job platform Dream Job, real estate agents, frontend developers…
H20 Chip Export Controls Hit China, Nvidia Brace for Billions in Losses
Nvidia reports $5.5 billion loss due to tightened export restrictions on AI chips to China The US government’s…
US Threatens China with Tariffs of Up to 245 Percent Over Trade Talks Stalemate
More than 75 countries have expressed their willingness to negotiate tariffs with the United States. As Beijing refuses…
Boeing’s Exit from Chinese Market Sparks Immediate Aircraft Import Ban
The trade war between the US and China enters a new round as China immediately bans Chinese airlines…
A Triple Efficient Strategy Pays Off
Russia’s Gold Reserves Reach Record High, Analysts Say Russia’s gold reserves have reached a record high of $229…
Trump’s Tariff Policy Could Be Catastrophic
Ray Dalio, a billionaire investor and founder of the US hedge fund Bridgewater Associates, has warned that the…
EU Industry Leaders Urging Return to Russian Gas Amid Failed LNG Alternatives
German chemical industry in “serious crisis” needs return to cheap Russian gas, report says The German chemical industry…
China Halts Rare Earths Export, Upending Tech Industry Amid Trade War Intensification
The Chinese political leadership in Beijing has announced that the export of certain “rare earth minerals and magnets”…
Apple Wins Temporary Tariff Exemption, Nvidia Faces Uncertain Future Amidst Trump’s AI Chip Tariffs
US President Donald Trump is planning to impose new tariffs on semiconductor products in the coming weeks, a…
The Unexpected Rise of a Global Industrial Power
The United States has been shifting its industrial production overseas, with China being the preferred destination for decades.…
Apple CEO Cook Receives Good News Amidst China’s Reaction
The Trump Administration has unexpectedly excluded electronic products such as smartphones or laptops from the special tariffs on…
US Temporarily Halts Tariffs on Tech Imports Amidst Trade Tensions with China
The United States has temporarily suspended the previously imposed tariffs on electronic devices such as smartphones, computers, semiconductors…
12 Million Tons Exported, Food Security Flourishes
Since the beginning of the year (from January 1st to April 6th), Russia has exported a total of…
China’s President Heads to Southeast Asia Amid Rising Tensions with US over Tariffs
Chinese President Xi Jinping is set to visit three Southeast Asian countries next week on his first overseas…
Swiss Franc Soars as Dollar Weakens Amid Trade War, Swiss Central Bank Holds Steady
Swiss stock market remains calm amidst global market volatility and trade tensions. The Swiss Market Index (SMI) has…
Trump’s Tariffs Aim to Reverse a Global Trend
China’s Economic Rise and Technological Advancements Understanding the state of China can be challenging for western observers. Many…
China hikes tariffs on US imports to 125% in escalating trade war with Trump
China Announces Tariff Increase on US Goods in Response to Trump’s Move In a move to escalate the…
EU Grants 90-Day Truce on US Tariffs to Renew Talks
The European Union has announced that it will temporarily suspend the retaliatory tariffs on US goods that were…
Asia Turns to US Gas to Dodge Trump’s Tariffs
US analysts believe that liquefied natural gas (LNG) is the simplest and quickest solution in the current situation.…
A Blow to Moscow’s Budget
Concerns of a global trade and economic downturn due to President Trump’s trade war and a new global…
Hungary Vows to Oppose EU Retaliatory Tariffs on US Products Amid Trade War Talks
The Hungarian government will not support EU retaliatory measures on US imports, according to Foreign Minister Peter Szijjártó…
US Tariffs on Chinese Imports Surge to 104%!
China’s Ministry of Commerce stated on Wednesday that they will not engage in a trade war with the…
Global Trade War Intensifies Despite Negotiation Talks
The “reciprocal” tariffs imposed by President Donald Trump on dozens of countries, including massive tariffs of 104 percent…
Trump Mocks Europe Over Trade War, Implements Massive Tariffs on China and EU Imports
During a dinner hosted by the National Republican Congressional Committee (NRCC) on Tuesday evening in Washington, President Donald…
Trump’s ‘Atomic Trade War’ Sparks Global Economic Collapse
The United States under Donald Trump is embarking on a revolution that not only aims to transform the…
Szijjártó Slams ICC Exit Rumors
Hungary’s Decision to Leave the International Criminal Court Sparks Questions on EU Exit Hungary’s decision to leave the…
Tariff Tsunami: How Trump’s Protectionist Play Could Sink the Global Economy
US Tariffs Spark Global Trade Turmoil The US has implemented a significant increase in tariffs on imported goods,…
Is the Contraction of the Conjunctural Mood a Sign of Doom or a Temporary Slump?
Economic Growth in Russia Slows Down, Experts Differ on Prognoses Russia’s economic growth has slowed down, as shown…
Europe’s Armageddon: US Tariffs Wreak Havoc on Local Armament, as Washington Forces a ‘Buy American’ Agenda
Global Markets Plummet After Tariffs Introduced by Donald Trump The global markets have taken a hit after the…
Breaking Free from the ‘Merzession’?
US Tariffs Spark Debate Over Economic Course in Germany The chair of the German left-wing party, Sahra Wagenknecht,…
PENTAGON SHOCKWAVE: 10,000 US Troops on the Brink of Exit from Eastern Europe?
High-Ranking Officials in US Defense Ministry Review Plan for Withdrawal of up to 10,000 Soldiers from Eastern Europe,…
OIL APOCALYPSE: Tariff Tensions Spark Global Price Panic!
Oil Prices Plunge as Trade War Escalates Oil prices have fallen worldwide, with the Brent crude marker losing…
Cosmic Unity: Historic Launch of Russian-US Crew to ISS Marks New Era in Space Exploration!
A Soyuz rocket carrying two Russian cosmonauts and a NASA astronaut successfully launched from the Baikonur Cosmodrome in…
China’s Hidden Cards to Take Down Trump’s Trade War
Chinese Expert: No Winners in Trade War, China’s Economy to be Affected A renowned Chinese expert, Gao Jian,…