Germany’s center-left Social Democrats on Sunday narrowly won their first national election since 2005, ending 16 years of conservative-led rule under Chancellor Angela Merkel, according to preliminary election results. According to data published by Germany’s federal election commissioner on Monday morning, Social Democrats (SPD) won 25.7 percent of the vote, ahead of 24.1 percent for…
Germany Stops Paying Compensation to Unvaccinated People Forced to Quarantine
Germans who have not been vaccinated against the CCP virus will no longer be entitled to quarantine compensation payments and free COVID-19 tests starting in November, authorities announced on Wednesday. Health Minister Jens Spahn said after meeting with the country’s 16 federal states on Sept. 22 that the policy will go into effect on Nov. 1…
Traton Hit by Supply Chain Shortages, Expects Issues Into Next Year
BERLIN—German truck maker Traton SE said on Wednesday that sales in September were particularly hard hit by a global shortage of chips and other car parts, and that the company expected the shortages to continue into next year. “Global supply chains are not only lacking chips but numerous other products … the situation is likely…
Bundesbank Says Germany’s Banking System Strong Despite Pandemic
BERLIN—Germany’s banking system is still robust despite a year and half of the COVID-19 pandemic but the crisis is not over yet, Bundesbank board director Joachim Wuermeling said on Wednesday. Wuermeling said the Bundesbank will restore normal regulatory requirements for banks but will make sure not to overburden lenders, warning of possible significant credit defaults…
Germany’s Ifo Institute Slashes 2021 GDP Growth Forecast to 2.5 Percent
BERLIN—Germany’s Ifo economic institute has cut its growth forecast for Europe’s largest economy for this year as supply chain disruptions and a scarcity of chips and other intermediate goods are slowing down the recovery from the COVID-19 pandemic. The institute now sees Germany’s gross domestic product (GDP) growing 2.5 percent this year, down 0.8 percentage…
German Police Arrest Suspect After Highway Bus Incident
BERLIN—A Serbian man was arrested in southern Germany on Tuesday after an altercation on board a Serbia-bound bus and an ensuing standoff led to the closure of a section of highway in Bavaria, police said. The incident started with a fight involving several passengers that left two people slightly injured, police said. They added in…
Germany Warns of Lost US Trust Over Australia Deal as France Wins EU Support
September 21, 2021
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BRUSSELS—Germany joined France on Tuesday in berating the United States for negotiating a security pact in secret with Australia and Britain that cost Paris a lucrative defence deal, while the EU’s top official said such behaviour was unacceptable. In a concrete signal of the bloc’s outrage, EU ambassadors postponed preparations for an inaugural trade and…
Germany’s Laschet Says Trusts ECB to Keep Inflation in Check
FRANKFURT—Armin Laschet, the conservative candidate bidding to succeed German Chancellor Angela Merkel in this month’s election, said he was confident the European Central Bank (ECB) would achieve price stability, as accelerating inflation hits savers. “For me, it’s alarming when small savings, pensions, life insurances and building loan contracts lose value,” Laschet was quoted as telling…
Blinken: US Service Members’ Tax Penalties by German Authorities ‘Not Something on My Radar’
September 10, 2021
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Secretary of State Antony Blinken has said he was unaware of a U.S.-Germany treaty dispute that has exposed large numbers of U.S. military members to big tax penalties from German finance authorities. Blinken, who was in Germany on Sept. 8 to discuss with allies evacuation efforts in Afghanistan with U.S. allies, told reporters he was “unaware” of…
Germany Protests to Russia Over Preelection Cyberattacks
BERLIN—Germany has protested to Russia over attempts to steal data from lawmakers in what it suspects may have been preparation to spread disinformation before the upcoming German election, the Foreign Ministry in Berlin said Monday. Foreign Ministry spokeswoman Andrea Sasse said that a hacker outfit called Ghostwriter has been “combining conventional cyberattacks with disinformation and…
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