The crisis around Volkswagen hits at the very heart of German engineering excellence. It’s a legend among European automakers, but can it survive the jump to EVs and beat out Chinese competition? It’s hard to...
German carmakers are growing nervous about the US election after Donald Trump called for more production in the United States. With profits falling sharply, how can BMW, Audi, Volkswagen and Mercedes respond? Donald Trump’s US presidential...
The German Cabinet has unveiled measures designed to entice Indian workers to join the country’s labor market. The move comes days before Chancellor Olaf Scholz and other high-ranking officials travel to New Delhi. German Chancellor...
For years, Chinese industrial orders helped create and support thousands of well-paid jobs in Germany. But the Asian giant’s economic slowdown has led to lower demand for German goods and dampened growth prospects. The German economy has...
Italy’s UniCredit stunned markets by clandestinely raising its stake in Germany’s second-largest lender to 21%. As Commerzbank’s management now tries to fend off a possible takeover, the government stands by its side. Why has UniCredit...
A recent survey has shown more German companies see Japan as a stable choice for production in Asia amid geopolitical tension and uncertainties over trade restrictions involving China. Fully 38% of German companies taking part...
IG Metall struck an agreement guaranteeing compensation payouts, shorter work-weeks and job guarantees. The union has yet to negotiate deals for worker in the east and in Saarland on the French border. Germany’s IG Metall, Europe’s...
The US dollar is narrowly mixed against the G10 currencies. The Canadian and Australian dollars lead the advancers, while the Scandis are pacing the losers off 0.1%-0.2% in quiet turnover. Most the freely accessible emerging...
The IMF has said global economic growth is on track to increase somewhat more than expected. However, overall growth in 2023 remains stunted in advanced economies, and Germany’s growth is expected to contract. The International Monetary...
The latest round of high-level government consultations in Berlin were friendly in tone but tough in substance. Germany needs China, but also wants to minimize its dependency. Chinese Premier Li Qiang came to Berlin with ten...
An unexpected OPEC production cut announcement has pushed up the price of oil. Besides reducing the amount of oil for sale, the move could also play into the hands of Russia and refill its war...
Germany’s lack of skilled laborers has prompted Berlin to reassess immigration policy. The Cabinet has now approved a new legislative proposal from the Interior and Labor Ministries. Germany’s dearth of skilled laborers has forced Berlin to look...
