Merkel Leaves the German Economy With Trouble Under the Hood

During her 16 years as Germany’s chancellor, Angela Merkel has become an international avatar of calm, reason and democratic values for the way she handled crises that included a near financial meltdown of the eurozone, the arrival of more than a million migrants and a pandemic. Today Germany is an economic colossus, the engine of… Continue reading Merkel Leaves the German Economy With Trouble Under the Hood

Germany Industrial Output Rises For First Time In 4 Months

Despite supply chain problems, Germany’s industrial output grew for the first time in four months in July, underpinned by higher production of capital and consumer goods, Destatis said Tuesday. Industrial production grew 1 percent month-on-month in July, offsetting a revised 1 percent fall in June. Economists had forecast a monthly growth of 0.9 percent. The… Continue reading Germany Industrial Output Rises For First Time In 4 Months

"We want to increase investment in Germany", FDP leader says

BERLIN (Reuters) – Germany’s Free Democrats, potential kingmakers in coalition talks after a Sept. 26 election, want to boost investment, their leader told Reuters on Monday, lowering the hurdles to a three-way coalition with the centre-left Social Democrats and Greens.FILE PHOTO: Germany’s Free Democratic Party (FDP) leader Christian Lindner speaks after German Chancellor Angela Merkel… Continue reading "We want to increase investment in Germany", FDP leader says

Eurozone Private Sector Growth Moderates In August

Eurozone private sector logged another robust growth in August but the momentum faded slightly from July’s 15-year peak, final data from IHS Markit showed on Friday. The final composite output index fell to 59.0 in August from 60.2 in July, which was the highest since June 2006. The reading stood below the flash 59.5. Nonetheless,… Continue reading Eurozone Private Sector Growth Moderates In August

German inflation hits fresh 13-year high in August

BERLIN (Reuters) -Germany’s annual consumer price inflation accelerated to a fresh 13-year high in August, data showed on Monday, underlining growing price pressures as Europe’s largest economy recovers from the pandemic and companies struggle with supply shortages.FILE PHOTO: Shoppers wear mask and fill Cologne’s main shopping street Hohe Strasse (High Street) in Cologne, Germany, 12,… Continue reading German inflation hits fresh 13-year high in August

Supply problems cause fall in German industrial output

BERLIN (Reuters) – German industrial output unexpectedly fell again in June, data showed on Friday, suggesting recovery is slowing in Europe’s biggest economy, held back by supply bottlenecks for intermediate goods.Steel workers are seen at a blast furnace at a ThyssenKrupp steel factory in Duisburg, Germany, November, 19, 2019. REUTERS/Leon KuegelerThe Federal Statistics Office said… Continue reading Supply problems cause fall in German industrial output

Eurozone Manufacturing Growth Moderates In July

The euro area manufacturing sector growth moderated in July but the pace of expansion remained elevated, final data from IHS Markit showed on Monday. The final factory Purchasing Managers’ Index fell to 62.8 from 63.4 in June. This was the lowest reading since March. But the reading was above the flash 62.6 and the sector… Continue reading Eurozone Manufacturing Growth Moderates In July

German reporter 'caught muddying herself to pretend she helped flood clean-up'

A German broadcast journalist has been suspended after she was caught apparently smearing herself in mud before filming a report in a town devastated by floods. Susanna Ohlen, 39, was caught on video appearing to muddy herself to pretend she had helped with clean up efforts in the ravaged spa town of Bad Munstereifel, North… Continue reading German reporter 'caught muddying herself to pretend she helped flood clean-up'

Knee-deep in sewage: German rescuers race to avert health emergency in flood areas

Slideshow ( 2 images )AHRWEILER, Germany (Reuters) – Red Cross volunteers and emergency services in Germany deployed emergency stand-pipes and mobile vaccination vans to flood-devastated regions on Tuesday, attempting to avert a public health emergency. Last week’s freak floods killed more than 160 people, and wrecked basic services in the hilly villages of the Ahrweiler… Continue reading Knee-deep in sewage: German rescuers race to avert health emergency in flood areas

Germany floods: Death toll ‘expected to rise’ as locals slam failure to prevent disaster

Germany floods: Criticism being aimed at authorities says Saudelli We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Germany and Belgium have been grappling… Continue reading Germany floods: Death toll ‘expected to rise’ as locals slam failure to prevent disaster

Germany and Belgium floods: Victims pick up the pieces as Belgian village left devastated by deluge

Pepinster in Belgium is a village upended – built at the confluence of two rivers, and completely vulnerable when the rivers became torrents. We spent hours trying to access it via flooded and cut-off roads. When we finally reached the area, the destruction was hard to fathom. Cars had been tossed aside, train tracks destroyed,… Continue reading Germany and Belgium floods: Victims pick up the pieces as Belgian village left devastated by deluge

Biden, Merkel may have little time to rebuild 'indispensable' relationship

WASHINGTON (Reuters) – The clock is ticking as President Joe Biden welcomes German Chancellor Angela Merkel to the White House on Thursday with both hoping to rebuild ties badly frayed under former President Donald Trump.FILE PHOTO: German Chancellor Angela Merkel attends the weekly cabinet meeting at the Chancellery in Berlin, Germany, July 14, 2021. REUTERS/Annegret… Continue reading Biden, Merkel may have little time to rebuild 'indispensable' relationship

VW shows confidence in electric future with higher margin goal

WOLFSBURG (REUTERS) – Volkswagen raised its long-term profitability target on Tuesday in a sign of the German automaker’s growing confidence in managing the shift to electric and self-driving vehicles. Presenting its strategy until 2030, Europe’s largest carmaker also said it expected half of its global vehicle sales to be battery-powered by that date – joining… Continue reading VW shows confidence in electric future with higher margin goal

Eurozone Investor Confidence Highest Since February 2018 – Sentix

Eurozone’s investor confidence improved for a fifth month in a row in July to its highest level in nearly three-and-a-half years amid the rebound in economic activity as economies re-open after restrictions linked to the coronavirus pandemic were relaxed. The eurozone investor confidence index rose to 29.8 from 28.1 in June, survey data from the… Continue reading Eurozone Investor Confidence Highest Since February 2018 – Sentix

Eurozone Investor Confidence Highest Since February 2018 – Sentix

Eurozone’s investor confidence improved for a fifth month in a row in July to its highest level in nearly three-and-a-half years amid the rebound in economic activity as economies re-open after restrictions linked to the coronavirus pandemic were relaxed. The eurozone investor confidence index rose to 29.8 from 28.1 in June, survey data from the… Continue reading Eurozone Investor Confidence Highest Since February 2018 – Sentix

All G20 members on board with tax deal – Germany's Scholz

FILE PHOTO: German Finance Minister Olaf Scholz of the Social Democratic Party (SPD) attends a television debate in Berlin, Germany, June 26, 2021. REUTERS/Christian Mang/Pool(Refiles to attach to alerts. No changes to text) VENICE (Reuters) – The G20 has made big progress on reforming business tax, with every member of the club of large economies… Continue reading All G20 members on board with tax deal – Germany's Scholz

All G20 members on board with tax deal – Germany's Scholz

FILE PHOTO: German Finance Minister Olaf Scholz of the Social Democratic Party (SPD) attends a television debate in Berlin, Germany, June 26, 2021. REUTERS/Christian Mang/Pool(Refiles to attach to alerts. No changes to text) VENICE (Reuters) – The G20 has made big progress on reforming business tax, with every member of the club of large economies… Continue reading All G20 members on board with tax deal – Germany's Scholz

All G20 members on board with tax deal – Germany's Scholz

FILE PHOTO: German Finance Minister Olaf Scholz of the Social Democratic Party (SPD) attends a television debate in Berlin, Germany, June 26, 2021. REUTERS/Christian Mang/Pool(Refiles to attach to alerts. No changes to text) VENICE (Reuters) – The G20 has made big progress on reforming business tax, with every member of the club of large economies… Continue reading All G20 members on board with tax deal – Germany's Scholz

German ZEW Economic Confidence At 6-Month Low

German economic confidence weakened to a six-month low in July, survey data from the ZEW – Leibniz Centre for European Economic Research showed Tuesday. The ZEW Indicator of Economic Sentiment declined sharply to 63.3 in July from 79.8 in the previous month. This was the lowest score since last January, when the score was 61.8… Continue reading German ZEW Economic Confidence At 6-Month Low

Germany shooting – Man and woman dead as cops hunt gunman on the loose who opened fire in town centre

A MANHUNT is underway after a man and a woman were shot dead and a third seriously injured in Germany today. Police commandos swarmed on the town of Espelkamp, around 50 miles from Hanover, searching for the gunman who is said to be armed and on the loose. German newspaper Bild initially cited police as saying… Continue reading Germany shooting – Man and woman dead as cops hunt gunman on the loose who opened fire in town centre

Eurozone Sentix Investor Confidence Highest Since 2018

Euro area investor confidence rose for the fourth straight month in June to its highest level in over three years as financial experts assessed the current economic situation more favorably, survey data from the behavioral research institute Sentix showed Monday. The Sentix investor confidence index for Eurozone climbed to 28.1 from 21.0 in May. Economists… Continue reading Eurozone Sentix Investor Confidence Highest Since 2018

Europe's industries have to remain competitive as they go green, Germany's RWE chief says

A transition to greener industry has become a priority in Europe. The head of one of Germany' largest energy producers has said that there needs to be a "level playing field" so that Europe's industries can compete globally. Germany's Green Party is likely to be part of a coalition government after September's election. In this… Continue reading Europe's industries have to remain competitive as they go green, Germany's RWE chief says

Eurozone Manufacturing Growth At Record High

Euro area manufacturing expanded at a record rate in May, led by continued solid growth in output and new orders, latest survey data from IHS Markit confirmed Tuesday. The final Eurozone manufacturing purchasing managers’ index, or PMI, rose to 63.1 in May from 62.9 in April. The flash reading for the index was 62.8. The… Continue reading Eurozone Manufacturing Growth At Record High

German inflation pushes further above ECB target in May

FILE PHOTO: Shoppers walk down Hohe Strasse shopping district one day before Germany goes back to a complete lockdown due to the coronavirus disease (COVID-19) outbreak, in Cologne, Germany, December 15, 2020. REUTERS/Thilo SchmuelgenBERLIN (Reuters) – Germany’s annual consumer price inflation accelerated in May, advancing further above the European Central Bank’s target of close to… Continue reading German inflation pushes further above ECB target in May