German parliament quietly lifts ban on business-class flights for MPs
Germany’s 630 MPs may once again book business-class tickets at the taxpayer’s expense – if the flight lasts more than two hours.
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Popular articles tagged "German economy"
Germany as ‘business location in free fall,’ industry association warns
The Federation of German Industries (BDI), one of Germany’s major business associations, has warned the government of Chancellor Friedrich Merz that the economy…
German cities pull plug on ‘too costly’ Christmas lights
Several German cities have scaled back or scrapped traditional Christmas illuminations this year, citing soaring costs and strained municipal budgets as the festive…
UPDATED: German business groups lift ‘contact ban’ with AfD representatives
The cordon sanitaire against the Alternative for Germany party (AfD) looks to be crumbling among German industrialists, with two major associations reviewing their…
German exports to US rebound after tariff-driven declines
German exports to the United States rebounded in September after months of decline following the introduction of US tariffs, helping drive a bigger-than-expected…
Two in five German industrial companies plan job cuts in 2026
Sentiment in Germany’s industrial sector is at rock bottom with more than 40 per cent of companies planning to reduce their workforce in the coming year.
Volkswagen Group posts €1 billion loss for third quarter
Volkswagen Group, Germany’s biggest vehicle manufacturer, lost €1.07 billion between July and September, according to an earnings release.
German firms hire 325,000 staff since 2022 just to handle bureaucracy
Most new jobs created by German companies in the past three years came in response to the ever-growing bureaucratic onus put on the private sector.
Corporate bankruptcies in Germany hit 12-year-high
The number of companies sliding into insolvency in Germany rose by 10.4 per cent in September compared to the year before, according to preliminary data.
Can Merz survive the (latest) coalition from Hell?
The serial travails of the dying Macron presidency may be dominating the headlines, but the profound dysfunction of Germany’s coalition government holds its own…
German industrial output again drops steeply, “another severe blow to the economy”
August saw the sharpest decline in German industrial production since the outbreak of the war in Ukraine in 2022.
Work until 73 to save pension system, German experts warn
According to the German Council of Economic Experts, the retirement age should be raised to 73 to keep the country's social security system from collapsing.
Industrial giant Bosch shocks Germany with plans to cut 13,000 jobs
The Bosch group, one of Germany’s leading industrial players, has announced a far-reaching job cut programme.
German political heavyweight warns of ‘loss of entire industries’ due to climate targets
A senior German politician has sounded the alarm about what he said would be the catastrophic effects of current climate policy on Germany’s industrial backbone.
‘Major strategic mistake‘ – CEO of BMW lashes out at EU ban on combustion engines
Oliver Zipse, CEO of German carmaker BMW, has spoken out harshly against the planned total ban for internal combustion engines (ICE) in new cars in the European…
German Chancellor Merz ups pressure on Social Democrats in push for welfare cuts
German Chancellor Friedrich Merz (Christian Democratic Union, CDU) is ramping up pressure on his coalition partner, the Social Democratic Party (SPD), to consent…
German unemployment tops 3 million for first time since 2015
For the first time in 10 years more than 3 million Germans are without a job.
Calls for inquiry into Germany’s Habeck over failed green projects
German Christian Democrats have called for a committee of inquiry into the former Green Federal Minister of Economics, Robert Habeck, for "wasting billions of taxpayer's…
German Chancellor Merz: ‘Welfare state can no longer be financed’
German Chancellor Friederich Merz has warned that his country's economy is no longer capable of financing its welfare state.
Pressure on Merz as Trump tariffs hit German economy
Germany’s economy shrank more than expected in the second quarter as US tariffs battered exports, official data showed Friday, ramping up pressure on Chancellor…
Germany’s Die Linke party calls for free beard removal for trans women
German left-wing party Die Linke is calling for taxpayers to pay for permanent beard removal for trans women in the State of Baden-Württemberg.
German finance minister demands tax hikes as social expenditure rockets
Germany’s finance minister has proposed raising income and estate taxes to cover the country’s ballooning budget deficit.
German investor morale falls amid continuing US trade tensions
German investor morale fell sharply in August, a drop that exceeded expectations and underscored how tensions over US–European Union trade have been shaping Europe’s…
Rise in German bankruptcies shatters hope for quick economic revival
The number of companies in Germany filing for bankruptcy has unexpectedly jumped to its highest value since at least 2018.
Setback for German industry as new orders unexpectedly fall in June
Order intake for the German manufacturing sector has unexpectedly fallen, according to data published by the Federal Statistical Office.
EC gives €3M to workers after US tyre factories in Germany close
The European Commission will release more than €3 million to support 915 workers affected by US multinational Goodyear’s closure of one tyre plant and partial…
Mercedes-Benz profits plunge
German car manufacturer Mercedes-Benz suffered a huge drop in profits in the first half of this year, down by 55.8 per cent.
A record 742,000 pensioners in Germany now depend on welfare
The number of German old-age pensioners relying on social welfare has risen by 32 per cent since 2020, to a record 742,000.
Hit by strong euro and tariff war, Germany’s Puma sees sales plummet
German sportswear group Puma slashed its 2025 outlook after an 8.3 per cent drop in second-quarter sales, which gave it a €135 million quarterly loss.
Intel cancels multi-billion euro chip factory in Germany
US technology giant Intel said will not move ahead with a controversial €30 billion chip factory in the German city of Magdeburg, as part of a new cost-cutting…