BERLIN—Two cases of the new Omicron coronavirus variant have been detected in the southern German state of Bavaria and a suspected case found in the west of the country, health officials said on Saturday. The two people with the variant entered Germany at Munich airport on Nov. 24, before South Africa was designated a virus-variant…
German Banks Vulnerable to Housing Bubble; Should Build Buffers: Bundesbank
November 25, 2021
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FRANKFURT—Germany’s banks are increasingly vulnerable to an overvalued property market and finance authorities should force lenders to build up capital buffers, the Bundesbank said on Thursday in a regular stability report. Germany cut the so-called countercyclical buffer for banks to zero at the start of the pandemic but economic growth is now robust and bank…
More German Politicians Support Making COVID-19 Vaccinations Mandatory
A growing number of German politicians are backing the idea of a general COVID-19 vaccination obligation, with some ministers saying the measure would be a “last resort” option, but a possibility. Debates over compulsory vaccinations in Germany have accelerated after neighboring Austria recently reimposed a full lockdown and also announced plans to require COVID-19 vaccinations for its entire population as…
CDC Warnings Issued Against US Travel to Germany and Denmark
The U.S. Centers for Disease Control and Prevention (CDC) and State Department this week issued travel alerts for Germany and Denmark due to COVID-19. The two European Union nations were placed by CDC in its Level 4 category, saying there is a “very high” chance of contracting COVID-19, the illness caused by the CCP (Chinese Communist…
Amazon to Cut Down Plastic Packaging in Germany
BERLIN—Amazon says it plans to cut the use of plastic packaging in Germany following complaints that the online retailer is contributing to growing mountains of waste. The company said Monday that its German logistics center will replace all single-use plastic packages with paper-based bags or cardboard boxes by the end of the year. Exceptions are…
Germany’s Economy Is Taking a Breather but Inflation Isn’t, Bundesbank Warns
November 22, 2021
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FRANKFURT—The German economy is taking “a breather” as a lack of goods and labour as well as new restrictions designed to fight the coronavirus pandemic put an end to its recent boom, the country’s central bank said on Monday. The Bundesbank also warned that inflation in Europe’s largest economy was likely to stay well above…
Live Q&A: Europe Debates Making Vaccines Mandatory; Questions Grow Around Potential Rittenhouse Defamation
After Austria implemented Europe’s first COVID-19 vaccine mandates and announced enforcement of lockdowns on the unvaccinated, Germany is now debating whether to adopt a similar policy. And after Kyle Rittenhouse was found innocent on all charges by a jury, discussion is spreading on whether he will sue news outlets and public figures for defamation. In…
Germany Debates Mandatory Vaccines for Everyone After Austria Announcement
German elected officials are considering introducing making COVID-19 vaccines mandatory for everyone, coming days after Austria’s government announced a similar move. Austrian Chancellor Alexander Schallenberg announced last week that COVID-19 vaccines would be mandatory starting Feb. 1, 2022, because the government has “not succeeded in convincing enough people to get vaccinated.” The move appeared to prompt…
Deutsche Bank and Commerzbank Warn on Inflation; BNP Wants Growth
November 19, 2021
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FRANKFURT—The chief executives of Germany’s two top banks, Deutsche Bank and Commerzbank, warned about inflation on Friday, while the chairman of BNP Paribas said the real issue is growth. The bankers were speaking at a conference in Frankfurt as investors closely watch the European Central Bank for its reaction to accelerating inflation. Deutsche Bank CEO…
Germany, Greece Impose New Restrictions for Unvaccinated People
Germany and Greece officials have rolled out new restrictions on people who have not opted to be vaccinated against the CCP virus, joining officials from several other countries across the globe in backing policies that differentiate by vaccination status. German Chancellor Angela Merkel said Thursday that in places where hospitalization rates have exceeded a certain threshold, the…
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