Food prices expected to go even higher this year– for many kitchen staples and for eating out. We have the numbers. A new report shedding light on global demand for micro chips. Is it up or down? And what does China have to do with it? Germany preparing for an energy emergency, in case Russia stops oil…
USDA: Grocery Prices to go even higher; Germany Prepares for Energy Emergency | NTD Business
German Inflation Rises More Than Expected in March
BERLIN—German annual inflation rose more than expected in March as prices of natural gas and mineral oil products soared after Russia’s invasion of Ukraine, preliminary data showed on Wednesday. Consumer prices, harmonized to make them comparable with inflation data from other European Union countries (HICP), rose 7.6 percent on the year after 5.5 percent in…
German First-Quarter Dealmaking Slides to 6-Year Low Due to Ukraine War Jitters
March 29, 2022
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Mergers and acquisitions in Germany in the first three months of 2022 have dropped 10 percent from the same period in 2021 in what has been the slowest start to a year since 2016 due to market uncertainty caused by Russia’s invasion of Ukraine. Equity capital markets in the euro zone’s biggest economy have been…
German Business Confidence Drops Sharply on War Worries
BERLIN—German business confidence has dropped sharply as company managers’ outlook for the coming months darkens following the Russian invasion of Ukraine, a survey showed Friday. The Ifo institute said its monthly confidence index, a closely watched indicator in Europe’s biggest economy, fell to 90.8 points in March from 95.8 in February. It said that sentiment…
German Fiscal Policy to Stave Off Stagflation: Lindner
March 22, 2022
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BERLIN—The German government will tailor its public spending plans to avoid stagflation in Europe’s biggest economy and keep at bay the risk of sliding into a cycle of rising prices and anemic growth, Finance Minister Christian Lindner said on Tuesday. “The goal of the federal government is to support growth in Germany and mitigate the…
German Producer Prices Jump by Record 25.9 Percent
BERLIN—German producer prices maintained their record-breaking rise in February, increasing 25.9 percent year on year mainly because of energy prices, Federal Statistics Office data showed on Monday. The jump in factory gate costs, considered a leading indicator for consumer prices, was the biggest since 1949, the statistics office said. The February figures continued a stretch…
Germany to Buy F-35 Fighter Jets From US Amid Ukraine Crisis
The German government will purchase several dozen F-35 fighter jets from the United States amid the Russia–Ukraine conflict, said a government minister this week. “After looking thoroughly into all available options, I decided to initiate the purchase of F-35 aircraft as replacement for the Tornado in the role of nuclear sharing,” Defense Minister Christine Lambrecht…
Hundreds of Flights Cancelled in Germany as Security Staff Strike Over Pay
FRANKFURT—Airlines cancelled hundreds of flights to and from German airports on Monday as security workers went on strike amid a wage dispute. Security workers staged a full-day walkout at six airports including Duesseldorf, Cologne/Bonn and Berlin on Monday, and one-day strikes have also been called for other airports on Tuesday including Frankfurt and Hamburg. The…
German Police: 4 People Die on Bavarian Mountains
BERLIN—Police in Germany said Sunday that four people have fallen to their deaths while hiking in the Bavarian Prealps. State police said three people died Saturday at the Maiwand, a mountain southeast of Munich near the border with Austria. Police said those killed were a couple, ages 35 and 44, and a 35-year-old man, all…
Germany to Host G7 Meeting on Ukraine Invasion’s Impact on Food Security
BERLIN—Germany will host a virtual meeting of agricultural ministers from G7 countries on Friday to discuss the impact of Russia’s invasion of Ukraine on global food security and how to best stabilize food markets, the government said. “The provision of foodstuffs in Germany and the European Union is safe but greater shortages can be expected…
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