Germany’s economy is losing steam but will do slightly better than government forecasts as fears grow over rising coronavirus infections, according to the country’ s five leading research institutes. Gross domestic Continue Reading
German Chancellor Angela Merkel gives a media statement in Berlin on Oct. 9 after a video conference with mayors of 11 German cities concerning the spread of the coronavirus. BERLIN Continue Reading
Under overcast skies, a scythe-wielding man dressed as the Grim Reaper led hundreds of masked protesters out of the gates of one of Germany’s oldest manufacturing sites in the Bavarian Continue Reading
The governor of Bavaria, the state that’s home to German automakers BMW and Audi, has backed a deadline for phasing out gasoline-powered vehicles akin to the 2035 date proposed by Continue Reading
Hundreds of anti-coal activists staged protesters in and around a mine in western Germany on Saturday, demonstrating against the continued extraction and use of fossil fuels in Europe’s biggest economy. Continue Reading
German airline Lufthansa, already bailed out by the government, says it will have to make more staff cuts and mothball more jumbo jets than originally planned because the outlook for Continue Reading
Germany’s economic recovery from the coronavirus crisis has weakened but the revival is likely to continue in the rest of 2020, the Economy Ministry said on Monday. Europe’s largest economy, Continue Reading
Germany’s economic recovery slowed recently due to weaker demand in the autos sector and declining machinery output, according to a government report Monday. “The recovery in the German economy continues but Continue Reading
Poland is ready to offer Germany access to the 10 Bcm a year Baltic Pipe that will deliver gas from Norway if Berlin halts construction of the controversial Nord Stream Continue Reading
Chancellor Angela Merkel does not rule out the possibility of sanctioning a pipeline set to bring Russian gas to Germany in response to the suspected poisoning of a Kremlin critic Continue Reading
German manufacturers ramped up production for the third straight month, though the pace of growth slowed considerably in July. Industrial output rose 1.2%, less than forecast by economists. The increase was Continue Reading
Germany has raised the stakes further regarding its position on the almost complete Nord Stream 2 gas pipeline from Russia following the poisoning of Russian politician Alexei Navalny. Not registered? Continue Reading
German unemployment eased for a second month as the economy slowly recovered from the coronavirus pandemic. A drop of 9,000 in August left the total number of jobless people at 2.92 Continue Reading
Researchers at Germany’s Karlsruhe Institute of Technology have developed an environmentally friendly process to extract lithium from the salty thermal water reservoirs that are located in the Upper Rhine Trench. Continue Reading
The Ministry of Economic Affairs, Labor and Housing of the German state of Baden-Württemberg announced that it will finance a two-year project aimed at investigating how to best reclaim battery Continue Reading
German growth momentum slowed in August with activity in services grinding to a halt, highlighting the fragile state of the economy. A Purchasing Managers’ Index for services fell sharply after a Continue Reading
Germany’s economy is expected to expand strongly in the third quarter, but is set for a lengthy recovery process, according to a government report published on Friday. Gross domestic product will Continue Reading
FRANKFURT, Germany (AP) — German economy shrank 10.1% in second quarter from previous quarter amid coronavirus shutdowns. View full article at apnews.com
German businesses are growing increasingly optimistic that government support at home and an unprecedented euro-area fiscal plan will bolster demand and drive an economic recovery later this year. Expectations at companies Continue Reading
Germany took a step forward in its recovery from the coronavirus slump, with a key measure of activity showing growth for the first time in five months. IHS Markit’s composite Purchasing Continue Reading
The coronavirus crisis has put some 300,000 jobs at risk in Germany’s metal and electrical industry, a board member of trade union IG Metall said, adding that employees in the Continue Reading
Vattenfall AB took a massive hit on the value of a new German coal plant in yet another sign of how the fossil fuel is struggling in Europe. The Swedish Continue Reading
Volkswagen is rolling out its own charging service to coincide with the market launch of the ID. family. With We Charge, customers will be able to charge their electric vehicles Continue Reading
German exports rebounded less than expected in May as demand remained subdued despite the lifting of lockdown measures introduced to contain the spread of the coronavirus, data published on Thursday Continue Reading
German exports regained some ground in May, though the gain was far short of making up for big losses at the height of the coronavirus pandemic in Europe, official figures Continue Reading
Russian and German businesses have proposed an expansion of energy ties and the construction of a hydrogen production plant, the German-Russian Chamber of Commerce said July 7. Receive daily email Continue Reading
Around four-fifths of German firms with foreign exposure have experienced a collapse in revenues as a result of the coronavirus crisis, and 93% expect global economic conditions to improve only Continue Reading
For a country that prides itself on its clean, green image, Germany’s power sector is remarkably dirty. Despite having the third-largest installed base of wind and solar power after China and the Continue Reading
German factory orders rose less than expected in May even after authorities loosened the coronavirus lockdown, highlighting how difficult it will be to repair the pandemic’s damage. Orders rose 10.4% in Continue Reading
German lawmakers have finalized the country’s long-awaited phase-out of coal as an energy source , backing a plan that environmental groups say isn’t ambitious enough and free marketeers criticize as Continue Reading
Chancellor Angela Merkel’s cabinet signed off on plans to raise another 62.5 billion euros ($70 billion) in debt to finance the country’s largest stimulus program in recent history. The proposal has Continue Reading
Decarbonization and the energy transition used to be a topic for environmentalists and leftist politicians. Not so long ago photovoltaic cells and wind turbines were produced on a limited scale. Continue Reading
Germany’s economic output will fall further in the second quarter than in the first but the easing of coronavirus-related restrictions and leading indicators suggest the trough has been passed, the Continue Reading
Volkswagen AG said its flagship electric car model, the ID.3 hatchback, wouldn’t be delivered to customers until September, several months later than originally planned after software glitches delayed production. Volkswagen Continue Reading
The German cabinet has approved a national hydrogen strategy focused on support for electrolysis, targeting 14 TWh of renewable hydrogen production by 2030, it said June 10. Receive daily email Continue Reading
German industrial output posted a record plunge in April as the coronavirus pandemic forced manufacturers in Europe’s largest economy to halt production, with firms expecting a bumpy road ahead despite Continue Reading
German industrial production took a record-hit in April, before a gradual easing of lockdown restrictions set off an ever-so-slow recovery. Output slumped 17.9% during the month that saw unprecedented closures of Continue Reading
Germany’s Rhine River is entering dry summer months with water levels at their lowest in two decades, prompting fears of shipping disruption on Europe’s most important inland waterway. After spring showers Continue Reading
The German economy has passed the trough of its coronavirus recession and is starting to grow again, the Bundesbank said, endorsing the government’s sweeping fiscal stimulus that should underpin the Continue Reading
Volkswagen is one of the few automakers already implementing its long-term electrification strategy and preparing for mass-scale electric vehicle manufacturing, despite the negative outlook for the auto industry due to Continue Reading
Volkswagen plans to increase its share in JAC Volkswagen, its joint venture for e-mobility. Around €1 billion is to be invested. This amount includes the acquisition of 50% of JAG, Continue Reading
Draft law lifts maximum bid, adds second component to avoid draw Cabinet to decide Wed, stakeholders call for adjustments Hydrogen (non-grid) fields to be included at a later stage Germany’s Continue Reading
Driving activity in Germany, Europe’s biggest economy, has rebounded to pre-COVID levels as lockdowns ease but remains below year-ago levels and questions still hang over the pace of oil demand Continue Reading
The German economy is likely to shrink by 6.6% this year as a consequence of the coronavirus pandemic before growing by 10.2% in 2021, the Ifo Institute said on Thursday Continue Reading
The energy transition can be compared to a marathon instead of a sprint. As the costs of photovoltaic cells and wind turbines have significantly decreased, decarbonizing the economy has become Continue Reading
Daimler AG is pushing ahead with plans to produce an all-electric version of its flagship Mercedes S-Class sedan from next year even as it cuts back in other areas to weather a Continue Reading
Five years after the massive Dieselgate scandal made global headlines, a German court is now ready to wrap up the case against Volkswagen, ordering the automaker to pay out as Continue Reading
Lufthansa ( LHAG.DE ), which is in talks with the German government over a 9 billion euro ($9.8 billion) bailout, will resume flights to 20 destinations from mid-June, including some Continue Reading
Germany’s DIHK chambers of industry and commerce expect Europe’s largest economy to shrink at least 10% this year due to the coronavirus crisis, its president said on Tuesday, a much Continue Reading
Thousands of Germans across the country took to the streets on Saturday to protest against restrictions imposed by the government to contain the coronavirus pandemic, police and organisers said. Germany’s Continue Reading
