BERLIN—German consumer morale will deteriorate further at the start of next year, a survey showed on Tuesday, as the COVID-19 pandemic and the rise of the Omicron variant push Europe’s largest economy to the brink of a recession during the winter. The Nuremberg-based GfK market research institute said its consumer sentiment index, based on a…
German Consumer Morale Darkens as Omicron Raises Spectre of Recession
Russia Expels 2 German Diplomats in Quid Pro Quo Move
MOSCOW—Russia on Monday ordered two German diplomats to leave in response to the expulsion of two Russian envoys after a German court’s ruling that blamed Moscow for the killing of a Chechen man in Berlin two years ago. Moscow has angrily rejected the Berlin court’s verdict and the Russian Foreign Ministry summoned the German ambassador…
German Government Chooses Joachim Nagel to Head Central Bank
December 20, 2021
admin
bankBundesbankBusiness & EconomycentralChristian LindnerCompanieseconomyEuropeGermanJoachim NagelWorld
0 Comment
BERLIN—The new German government has chosen an experienced central banker and former board member of Germany’s state-owned development bank to head the country’s central bank, the finance minister said Monday. Joachim Nagel will succeed Jens Weidmann, who announced in October that he would step down at the end of the year after a decade as…
German Business Morale Dips for Sixth Consecutive Month
BERLIN—German business morale declined for a sixth straight month as Europe’s largest economy feels the effects of supply bottlenecks and COVID-19 restrictions, a survey showed on Friday. The Ifo institute said its business climate index fell to 94.7 in December from a revised 96.6 in November. A Reuters poll of analysts had pointed to a…
Supply Chain Disruptions Cloud German Machinery Outlook
December 14, 2021
admin
Business & EconomyBusinesses in COVID-19CCP ViruschainCompaniesDisruptionseconomyEuropeGermanInternationalmachineryMarketssupplyVDMAWorld
0 Comment
BERLIN—A group representing Germany’s machinery industry said Tuesday it expects a weaker rebound in production this year than previously forecast because of persistent supply chain bottlenecks. The VDMA group said it now expects production to grow by 7 percent this year to a value of about 219 billion euros ($247 billion), down from the 10…
German Exports Shoot Up 4.1 Percent in October
BERLIN—German exports grew at their strongest pace in more than a year in October despite persistent supply bottlenecks in manufacturing, data showed on Thursday. Seasonally adjusted exports increased by 4.1 percent on the month after falling in August and September, the Federal Statistics Office said. Imports also saw an unexpected leap, growing 5 percent after…
German Industry ‘Not out of the Woods’ Despite Rise in Output
December 7, 2021
admin
Business & EconomyBusinesses in COVID-19CompanieseconomyEuropeGermanIndustryInternationalJoerg KraemeroutputWorld
0 Comment
BERLIN—German industrial output rose more than expected in October in a rare sign of strength in manufacturing, but analysts warned that supply bottlenecks for raw materials and intermediate goods would continue to hamper production in Europe’s biggest economy. The Federal Statistics Office said industrial output was up 2.8 percent on the month after a revised…
Vanillekipferl (Vanilla Crescents)
Vanillekipferl originate from Vienna in Austria, but versions of them are loved and baked throughout Germany, Poland, Hungary, and Switzerland, too. They are a non-negotiable must during Advent for me, and I regularly eat one with the first coffee of the day while it’s still pitch black outside—there’s something most satisfying about eating a moon-shaped…
Tesla Withdraws State Funding Application for German Battery Plant
BERLIN—Tesla has withdrawn its application for state funding for its planned battery factory near Berlin, the electric vehicle maker said on Friday, adding that construction plans were unchanged. The European Union in January approved a plan that included giving state aid to Tesla, BMW, and others to support production of electric vehicle batteries and help…
Professor: Vaccinated People Have ‘Relevant Role’ in Spreading COVID-19
A research paper published in The Lancet authored by a German professor argued that governments’ stigmatization of unvaccinated individuals is “not justified” because fully vaccinated individuals play a “relevant role” in transmitting COVID-19. “In the USA and Germany, high-level officials have used the term ‘pandemic of the unvaccinated,’ suggesting that people who have been vaccinated…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`