The study, the first of three parts of the Pilotproject Grundeinkommen (Basic Income Pilot Project), will provide 122 participants with €1,200 ($1,420) a month for a period of three years. Participants did not have to...
The coronavirus pandemic caused German economy to shrink dramatically according to Economy Minister Peter Altmaier, although the drop was smaller than expected. Europe’s biggest economy shrunk by 5% last year, with large parts of economic and...
Treasury Secretary Mnuchin says the countries are seeking to gain unfair trade advantages. Others, such as China, Japan and Germany remain on a “monitoring list,” alongside newcomers like India, Taiwan and Thailand. US Treasury Secretary...
Heinz Hermann Thiele has criticized a €9 billion rescue plan that would see the German government take a 20% stake in the embattled flag carrier. Failure to bring Thiele on board could push Lufthansa into...
As countries gradually ease lockdown restrictions, people craving for an excursion are heading to nearby holiday homes. Go-local is the new mantra among holidaymakers seeking both safety from the coronavirus and privacy. Holidaymakers across the...
While the true extent of the economic damage caused by the COVID-19 outbreak is yet to be determined, what’s certain is that the crisis will claim millions of jobs. But a handful of sectors may...
As Germany advances its plans for liquefied natural gas (LNG) terminals, critics slam the proposed infrastructure on grounds of climate pollution and fracking hypocrisy. When the European Parliament voted to back a slate of fossil...
The Swedish startup has announced the German automaker will invest heavily in two new battery plants. The factories, located in Sweden and Germany, are intended to compete with Tesla and Asian suppliers. Northvolt, a Swedish...
News that MSCI plans to substantially boost China’s equity weighting in its indices and a better than expected Caixin manufacturing PMI and some easing of India-Pakistan tensions helped bolster the risk-taking appetite going into the...
Europe’s biggest economy shrank 0.2 percent in the third quarter compared to the previous period. Economists are not worried and believe it is just a temporary slip. Germany’s gross domestic product (GDP) shrank 0.2 percent...
Charcoal from tropical forests has a terrible effect on the environment, but it also puts food on peoples’ tables. Nigeria is one of the world’s largest exporters — and some of it even ends up...
Germany’s Siemens and France’s Alstom may be on the verge of merging their rail businesses, media reports suggest. It would come at a time when they are facing growing competition from China’s state-backed rival CRRC....
