Germany

German police investigating Russian billionaire Usmanov search yacht

German police investigating money laundering accusations against Russian billionaire businessman Alisher Usmanov have searched a motor yacht in northern Germany, prosecutors said on Tuesday. Prosecutors did not identify the yacht…

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German business morale slumps as winter recession looms

BERLIN, Sept 26 (Reuters) - The German economy is heading for recession, the Ifo institute said on Monday, reporting a stronger-than-forecast plunge in business morale across all sectors as Germany…

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Inflation threatens stability in Germany – finance minister

BERLIN, Sept 22 (Reuters) - The German government's top priority is combatting high inflation, the finance minister said on Thursday during a parliamentary debate on legislation to offset inflation and…

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German union calls on banks to pay workers 1500 euro energy bonus

BERLIN, Sept 21 (Reuters) - The German union Verdi on Wednesday called on Germany's top banks to pay some of its lowest-earning workers a special bonus to help them combat…

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German utilities close to long-term LNG deals with Qatar

German energy companies RWE and Uniper are close to striking long-term deals to buy liquefied natural gas (LNG) from Qatar's North Field Expansion project to help replace Russian gas, three…

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Rhine water above crisis levels in Germany, approaching normal depths

HAMBURG, Sept 19 (Reuters) - Water depths on the Rhine River in Germany have risen thanks to recent rain and are approaching normal levels after falling this summer to lows…

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EPA’s Eye In The Sky: Dresden, Germany

An empty street next to a Dresden Zwinger palace in central Dresden, Germany. Photo: EPA-EFE/FILIP SINGER

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Cold winter could test Germany’s gas supply, regulator warns

BERLIN, (Reuters) - A cold winter could test Germany's gas supply and any shortage won't be foreseeable until it is too late, the head of the country's energy regulator told…

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Germany takes control of Russian-owned refinery amid Europe’s energy crisis

BERLIN, Sept 16 (Reuters) - Germany took control of a major Russian-owned oil refinery on Friday in the latest move to shore up vital energy supplies that have been jeopardised…

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Germany’s utilities warn of insolvencies amid energy crisis

DUESSELDORF/FRANKFURT, Sept 14 (Reuters) - Germany's local utilities stand to face insolvencies amid cost pressures from high energy prices and possible defaults of their own clients, the head of the…

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Inflation, contraction to plague German economy in 2023 -Ifo

BERLIN, Sept 12 (Reuters) - Germany's economy will contract next year as a dramatic rise in energy costs due to the war in Ukraine extinguishes the chances of recovery after…

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Germans switch to costly fan heaters as gas shortage fears bite

FRANKFURT, Sept 11 (Reuters) - Germans could overload their power grid as they switch to inefficient electric heaters in an attempt to avoid gas shortages this winter, utilities warned in…

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Rising energy prices threaten backbone of German industry – survey

BERLIN, (Reuters) - More than 90% of medium-sized German companies see rising energy and raw materials prices as a major or existential threat, a survey showed this week, highlighting the…

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France, Germany pledge unity to support economy against inflation

France and Germany pledged on Friday to act together to protect households and companies from soaring energy prices, while also using fiscal policy to fight record high inflation. French Finance Minister Bruno Le…

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Germany to introduce ‘green card’ to bolster workforce

The German government is introducing its own version of a "green card", the Chancenkarte (literally "opportunity card"), in an attempt to plug its desperate labor shortage. Industry associations have been complaining…

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Germany’s IfW predicts recession, record inflation for 2023

BERLIN, Sept 8 (Reuters) - Germany's IfW economic institute sharply lowered its forecast for the German economy next year, predicting that it would shrink due to high energy prices as…

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Germany to subsidise basic level of power for homes, businesses – ministry paper

BERLIN, Sept 8 (Reuters) - Germany plans to subsidise a basic level of electricity usage for households and set aside cheaper power for small and medium-sized businesses, according to measures…

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Lufthansa to make pilots new offer in wage dispute as union plans strike

German airline Lufthansa said it would make an improved offer to pilots on Tuesday in a bid to stop an escalation of a wage dispute after the union said it would go…

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Germany keeps two nuclear reactors on standby to weather gas crisis

Germany plans to keep two of its three remaining nuclear power stations on standby, beyond a year-end deadline to ditch the fuel, to ensure enough electricity supply through the winter…

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German services sector stumbles as soaring inflation hits confidence – PMI

BERLIN, Sept 5 (Reuters) - Germany's services sector contracted for a second month running in August as domestic demand came under pressure from soaring inflation and faltering confidence, a survey…

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Germany says it will expand military presence in Indo-Pacific

BERLIN (Reuters) - Germany will expand its military presence in the Indo-Pacific by sending more warships and joining drills with allies as it keeps an eye on the "enormous" build-up…

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Germany’s Scholz announces 65 bln euro inflation-busting package

BERLIN, Sept 4 (Reuters) - Germany will spend a further 65 billion euros ($64.7 billion) on shielding customers and businesses from soaring inflation, Chancellor Olaf Scholz said on Sunday, two…

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German imports take unexpected dip in July

BERLIN, Sept 2 (Reuters) - German exports fell less than expected in July, down 2.1% on the previous month, while imports saw an unexpected dip, falling 1.5%, according to Federal…

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Rhine water holds above crisis levels in Germany, but could drop again

HAMBURG, Sept 2 (Reuters) - Water depths on the river Rhine in Germany remained stable this week, holding above recent crisis low levels after rain, but dry weather could mean…

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Germany: Issue of WW2 reparations is closed

BERLIN, Sept 1 (Reuters) - The question of reparations has been concluded, a spokesperson for Germany's foreign ministry said after Poland estimated its World War Two losses caused by Germany…

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German retail sales unexpected rise in July

BERLIN, Sept 1 (Reuters) - German retail sales rose unexpectedly in July, as online retail and the food sector showed recovery, data showed on Thursday. Retail sales increased 1.9% in…

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Poland to officially demand WW2 reparations from Germany

WARSAW, Sept 1 (Reuters) - Poland estimates its World War Two losses caused by Germany at 6.2 trillion zlotys ($1.32 trillion), the leader of the country's ruling nationalists said on…

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German ramps up military exports, mainly to arm Ukraine

BERLIN, Aug 31 (Reuters) - German exports of military equipment have surged so far this year as Berlin supplies arms to Ukraine to help it defend itself against Russia's attack,…

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German unemployment again rises in August due to Ukrainian refugees

BERLIN, Aug 31 (Reuters) - German unemployment rose in August, Labour Office figures showed on Wednesday, driven primarily by a large number of Ukrainian refugees entering the system and the…

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German government sees problems with coal, oil supplies -document

BERLIN, (Reuters) - Germany's government is concerned about possible problems with the coal supply for power plants in the autumn and winter due to low water levels on the river…

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Germany criticised by FATF over money laundering

FRANKFURT, (Reuters) - Germany has been criticised by a global watchdog for failing to do enough to tackle money laundering, such as by prosecuting very few for the crime despite…

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Ukraine war, energy crisis send German business sentiment to lowest level since June 2020

BERLIN, Aug 25 (Reuters) - German business morale in August fell to its lowest reading since June 2020 amid high uncertainty due to the Ukraine war, the resulting energy crisis…

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Relief as Rhine water rises in Germany, but expected to drop again

HAMBURG, Aug 24 (Reuters) - Water levels on the river Rhine in Germany have risen after recent rain but are expected to fall again with mostly dry weather forecast in…

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War hit to German economy will last years -economist

BERLIN, Aug 24 (Reuters) - The economic impact on Germany of Russia's invasion of Ukraine will last years, influential economist Marcel Fratzscher of the German Institute for Economic Research told…

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German exports beyond the EU slump in July

BERLIN, Aug 22 (Reuters) - German exports beyond the European Union fell by 7.6% on the month in July, the Federal Statistics Office said on Monday, marking a weak start…

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Mass fish die-off sparks political row between Poland and Germany’s leaders

The death of thousands of fish in a river bordering Germany and Poland has sparked a political row between the two countries. Scientists are still trying to find an explanation…

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German recession increasingly likely, Bundesbank says

FRANKFURT, Aug 22 (Reuters) - A recession in Germany, the euro zone's biggest economy, is increasingly likely and inflation will continue to accelerate and could peak at more than 10%…

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Western powers stress importance of nuclear safety in Ukraine – Downing Street

LONDON, Aug 21 (Reuters) - British Prime Minister Boris Johnson and the leaders of the United States, France and Germany on Sunday stressed the importance of ensuring the safety of nuclear sites…

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Algae toxins suspected of killing fish in Oder River

Research groups and laboratories investigating what killed thousands of fish in the Oder River running between Poland and Germany are pointing at algae toxins. "The results of the research of…

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FACTBOX – Why low water levels on the Rhine river hurt Germany’s economy

BERLIN, (Reuters) - Water levels on the Rhine river are very low because of unusually hot and dry weather, preventing many vessels from navigating the critical European shipping route fully…

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Late Bremen treble stuns Dortmund, Leverkusen lose again

dpa - Three late Werder Bremen goals stunned Borussia Dortmund and sealed an incredible 3-2 away win on Saturday as woeful Bayer Leverkusen lost for the third straight game.Dortmund looked…

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Scholz denounces Russian repression on 2nd anniversary of Navalny poisoning

BERLIN (Reuters) - German Chancellor Olaf Scholz has praised jailed Russian opposition politician Alexei Navalny on the second anniversary of his attempted poisoning and denounced Russia's clampdown on freedom of…

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Seven out of 10 Germans using less energy due to soaring prices -survey

BERLIN, (Reuters) - Seven out of 10 Germans are using less energy due to decades-high inflation in Europe's largest economy while half are spending less on leisure activities, according to…

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German dependence on China growing ‘at tremendous pace’, research

BERLIN, Aug 19 (Reuters) - The German economy became more dependent on China in the first half of 2022, with direct investment and its trade deficit reaching new heights, despite…

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German economic outlook gloomy, finance ministry says

BERLIN, Aug 19 (Reuters) - The economic outlook for Germany, Europe's largest economy, is gloomy due to energy price rises and supply chain disruptions, the Finance Ministry said in its…

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Germany’s Scholz to testify over handling of multibillion-euro tax fraud

BERLIN, Aug 19 (Reuters) - German Chancellor Olaf Scholz is set to testify in front of lawmakers on Friday over his role as Hamburg mayor in tackling a multibillion-euro tax…

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Olympics-Germany may consider Games bid after multi-sport Munich event

Germany is considering bidding for the Olympic Games, a top official suggested, building on the success of an international event in Munich featuring nine sports and using many of the…

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German troops back to Bosnia as fear of instability grows

BERLIN (Reuters) - Germany has deployed troops with the European Union's peacekeeping mission in Bosnia for the first time in a decade as concerns mount instability from the Ukraine war…

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German wholesale prices post first fall in over 1.5 years

BERLIN, Aug 15 (Reuters) - German wholesale prices fell by 0.4% in July compared with the previous month, the first decline since Oct. 2020, the Federal Statistical Office reported on…

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UPDATED: German energy bills to rise by another 480 euros a year under gas levy

BERLIN, Aug 15 (Reuters) - Germany's incoming gas price levy, which is meant to distribute the high costs of replacing Russian gas among all end-consumers from October, has been set…

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Inflation a growing concern for Germans, poll shows

BERLIN, Aug 12 (Reuters) - Forty percent of Germans - more than ever before - expect to be worse off in a year's time, an opinion poll published on Friday…

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Low Rhine water levels another drain on Germany’s economy

BERLIN/LOBITH, Netherlands, (Reuters) - Already bracing for recession and winter energy shortages, German businesses are grappling with the lack of another precious commodity: rain. Weeks of baking temperatures and scant rainfall this…

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Public buildings in Germany to be heated to 19° Celsius

BERLIN, Aug 12 (Reuters) - Public buildings in Germany should be heated to a maximum of 19 degrees Celsius (66.2°F) under planned legislation to save energy, the Sueddeutsche Zeitung quoted…

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Mass fish die-off in German-Polish river blamed on unknown toxic substance

BERLIN, Aug 12 (Reuters) - An unidentified highly toxic substance in the Oder river, which runs through Poland and Germany, appears to be the cause of a mass die-off of…

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Corruption allegations shake Germany’s public broadcasters

Big questions are again being asked about the future of Germany's public broadcasters after Patricia Schlesinger, director of Berlin's public broadcaster RBB, resigned over mismanagement charges. Until recently, she was…

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German economic situation is deteriorating – FinMin Lindner

BERLIN, Aug 10 (Reuters) - The economic situation in Germany, Europe's largest economy, is deteriorating and the outlook is fragile, Finance Minister Christian Lindner said on Wednesday, defending his plans to raise…

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German finance minister draws up 14 billion eur relief plan – Spiegel

German Finance Minister Christian Lindner plans a 10.1 billion euro ($10.29 billion) relief package to help taxpayers in 2023 which he is set to present next week, the Spiegel news weekly…

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