Authorities in Germany have conducted nationwide raids on alleged neo-Nazi groups and arrested four suspects, the country’s federal prosecutor’s office announced. The raids, which began early in the morning on March 6, saw more than 800 police officers from 11 of Germany’s 16 federal states take part in detaining the suspects and conducting searches. Officials said they searched the residences of…
German Imports, Exports Jump More Than Expected in February
German exports and imports jumped more than expected in February, the Federal Statistics Office said on Monday, as the effects of the war in Ukraine have yet to be reflected in foreign trade figures. Seasonally adjusted exports rose 6.4 percent on the month, compared to a rise of 1.5 percent predicted by economists. Imports increased…
Anonymous Hacker Group Targets German Subsidiary of Russian Oil Giant Rosneft: Reports
Hackers have targeted the German subsidiary of the Russian state-controlled energy giant, Rosneft, Germany’s Federal Office for Information Security (BSI) said on March 14. Anonymous, an online group of hackers that has previously targeted Russian media channels, published a statement on Friday claiming responsibility for the attack on Rosneft Deutschland GmbH. The group said it had captured 20 terabytes…
German Prosecutors Charge 3 With Fraud in Wirecard Collapse
FRANKFURT, Germany—German prosecutors have charged the former CEO of payments company Wirecard and two other ex-managers with fraud and false accounting in connection with the firm’s collapse last year amid allegations that much of its revenue and assets were faked. Prosecutors in Munich said Monday that ex-CEO Markus Braun signed off on financial reports he…
Trudeau, Zelenskyy Speak Ahead of German Meetings in Berlin
BERLIN—Prime Minister Justin Trudeau has issued a standing invitation to Ukrainian President Volodymyr Zelenskyy to address Canada’s Parliament one day. Trudeau spoke to Zelenskyy from Berlin on Wednesday ahead of his meetings with German Chancellor Olaf Scholz as the NATO alliance continues to pressure Russia to end its invasion in Ukraine. “Talked to my friend…
These Potato Dumplings Are a Comforting Alternative to Mashed Potatoes
When we’re talking about potato dumplings, there will be many opinions on the “correct” way to make them. For German potato dumplings, there are a few schools of thought. There are some who swear that a pinch of ground nutmeg is the best seasoning, while others think that dried marjoram is the way to go….
German Imports Exceeded Exports in 2021 Trade With Russia: Stats Office
BERLIN— German imports from Russia exceeded exports last year because prices for imported crude oil and natural gas had risen sharply, Germany’s Federal Statistics Office reported on Thursday. In the prior year, Germany had attained its first export surplus with Russia since 1993, the office added. The trade data highlight Germany’s reliance for energy on…
German Business Confidence Up Again, but Ukraine Risk Ahead
BERLIN—Business confidence in Germany, Europe’s biggest economy, has picked up for the second month in a row even though the Russia-Ukraine crisis could dampen expectations, a closely-watched survey said Tuesday. The Ifo institute said its monthly confidence index increased in February over the previous month by nearly three points to 98.9. The increase came after…
German Producer Prices Soar as Bundesbank, BDI Warn on Economy
BERLIN—German producer prices rose in January at their fastest rate since modern records began, soaring 25 percent and extending a run of sharp increases likely to keep businesses under financial stress and consumer inflation high. Monday’s Federal Statistics Office showed most of the rise was due to spiralling energy costs, which the BDI industry association…
German Investor Morale Rises on Expectations of Easing COVID-19 Restrictions
February 15, 2022
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BERLIN—German investor sentiment rose in February on expectations that restrictions to contain COVID-19 will ease, allowing growth in Europe’s largest economy to pick up, a survey showed on Tuesday. The ZEW economic research institute said its economic sentiment index rose to 54.3 from 51.7 in January. A Reuters poll had pointed to a rise to…
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