German economy likely to shrink 6.6% this year, Ifo says
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
Germany Aims To Become World’s Hydrogen Hotspot
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 to Forge Ahead With Plans for Electric Flagship Sedan
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
Is Dieselgate Finally Over?
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 to resume flights to 20 destinations from mid-June
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
German economy to shrink by at least 10%: DIHK
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
Germans stage protests against lockdown measures, social distancing rules
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
Virus Outbreak at German Meat Factory Adds to Crisis in Industry
The shuttering of another German slaughterhouse to stem a coronavirus outbreak added to calls for tighter rules in an industry long criticized for poor working conditions and crowded accommodation for Continue Reading
Lufthansa restores routes, targets 1,800 weekly flights
Lufthansa ( LHAG.DE ) plans to resume flights to destinations including Los Angeles, Toronto and Mumbai next month as it begins to restore some of the capacity grounded by the Continue Reading
Germany Plunges Into Recession With Biggest Slump in Decade
The German economy shrank 2.2% in the first quarter, the most in more than a decade, offering an early flavor of the damage from the coronavirus outbreak. Less than two weeks Continue Reading