Germany

UPDATED: No decision on German government exiting Commerzbank stake -spokesperson

BERLIN, Jan 15 (Reuters) - There is no decision on the German government exiting its stake of Commerzbank CBKG.DE and in any case the proceeds from such a sale would…

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German insolvencies increased significantly at the end of 2023

BERLIN, (Reuters) - A weak economy and high interest rates caused many German companies to slide into insolvency at the end of 2023, the German statistics office said. The number…

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German wholesalers sound alarm as sentiment ‘on the floor’

BERLIN, Jan 10 (Reuters) - German wholesalers expect their revenues to fall 2% in nominal terms this year, continuing a downward trajectory after a 3.75% decline last year, the BGA…

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Outlook for German construction sector grim in 2024, researchers say

By Rene Wagner and Tom Sims BERLIN, Jan 10 (Reuters) - The outlook for Germany's construction sector is grim for 2024, according to two prominent research institutes on Wednesday, a…

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Scholz wants to discuss Ukraine arms at EU February summit

German Chancellor Olaf Scholz wants to put added pressure on EU partners to deliver more weapons to Ukraine by raising the issue at a special summit of EU leaders next…

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UPDATED-German railways grind to near halt in three-day train drivers strike

By Stephane Nitschke and Andreas Kranz COLOGNE, Germany, Jan 10 (Reuters) - Hundreds of thousands of people faced train cancellations across Germany from Wednesday, as a three-day nationwide rail strike…

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Germany will not oppose further Eurofighters for Saudi Arabia

TEL AVIV (Reuters) - Germany is prepared to allow further deliveries of Eurofighter jets to Saudi Arabia, German Foreign Minister Annalena Baerbock said. Berlin halted arms sales to Saudi Arabia…

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German train drivers to strike this week – GDL union

FRANKFURT, Jan 7 (Reuters) - Germany's GDL train drivers' union said on Sunday that it was calling on members to strike this week, an escalation of a wage dispute with…

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Germany’s 2023 CO2 emissions fall to lowest in 70 years but drop not yet sustainable- study

By Riham Alkousaa BERLIN, (Reuters) - Germany's carbon dioxide emissions in 2023 fell to their lowest since the 1950s due to less coal-fired power and reduced output by energy-intensive industries,…

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German services sector activity fell in December -PMI

BERLIN, Jan 4(Reuters) - Business activity in the German services sector declined slightly in December, while price pressures rose, a survey showed on Tuesday. The HCOB final services Purchasing Managers'…

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German unemployment edged up in December

By Maria Martinez BERLIN, Jan 3 (Reuters) - The number of unemployed people in Germany rose slightly in December, though by much less than analysts had expected, and the 2023…

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Germany calls Red Sea attacks unacceptable, assessing mission options

BERLIN, Jan 3 (Reuters) - Attacks on merchant ships in the Red Sea are unacceptable and must stop, a spokesperson for the German foreign ministry said on Wednesday, adding that…

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UPDATED: Veteran German politician Wolfgang Schaeuble dies at 81

BERLIN, Dec 27 (Reuters) - Wolfgang Schaeuble, who served as a member of the German parliament for over half a century, has died aged 81, ending one of Germany's longest…

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Lithuanian and German police break-up criminal group responsible for stealing luxury cars

Close cooperation between Lithuanian and German authorities, together with support from Europol and Eurojust, has led to the dismantling of an international criminal network of car thieves. The Criminal Investigation…

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Security hiked at Cologne cathedral for Christmas amid attack threat

BERLIN, (Reuters) - German police said they were heightening security at Cologne Cathedral following indications of an attack planned for New Year's Eve, a week after the interior minister warned…

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German home prices tumble amid property rout

By Tom Sims and Rene Wagner FRANKFURT, Dec 22 (Reuters) - Residential property prices in Germany continued their fall, dropping 10.2% in the third quarter from a year earlier, a…

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Europe-wide police operation against criminal network behind shock calls terrifying elderly across Europe

In a coordinated action which ran between 27 November and 8 December, law enforcement and judicial authorities from five countries joined forces to take down a criminal network suspected of…

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Christmas shopping season disappoints German retailers -Ifo

BERLIN, Dec 21 (Reuters) - German retailers' sentiment clouded over in December, according to a survey released on Thursday, as Christmas shopping failed to offer a boost and expectations for…

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German consumer sentiment to rise with start of new year -GfK

BERLIN, Dec 20 (Reuters) - German consumer sentiment is set to improve with the start of the new year, though whether the rise marks the beginning of a sustained recovery…

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German companies planning more price hikes – Ifo

BERLIN, Dec 20 (Reuters) - German companies are increasingly planning to raise prices again, according to a poll released on Wednesday, indicating that the decline in inflation in Europe's largest…

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German firms’ China worries pushing up costs, Bundesbank finds

Years of effort by German companies to diversify their supply chains is pushing up costs and further increases are still in the pipeline, especially for firms with ties to China,…

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Europe must rearm as new threats loom, German minister says

BERLIN, Dec 16 (Reuters) - Europe must race to ensure it can better defend itself as new military threats could emerge by the end of the decade even as the…

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Germany’s Ifo institute cuts 2024 GDP forecast on uncertainty

BERLIN, (Reuters) - Germany's Ifo institute cut its 2024 economic growth forecast for the country, saying uncertainty among consumers and companies, which has been further fuelled by a budget crisis…

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UPDATED: German government to keep debt brake in 2024 budget

Coalition agrees budget after month of tense talks Details unknown, government to deliver statements at noon Deal should improve business sentiment in Europe's top economy By Maria Martinez and Andreas…

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Germany’s aviation lobby sees slower traffic recovery for Germany vs Europe

BERLIN, (Reuters) - Air traffic in Germany is recovering much more slowly than in the rest of Europe, the German aviation association (BDL) warned, with direct routes within domestic airports…

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Germany remains Europe’s top destination for foreign direct investment

BERLIN, (Reuters) - The number of foreign companies settling in Germany is expected to fall by almost a fifth in 2023 but the country remains Europe's most sought after destination…

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Many German employees still face real wage losses in 2023 – WSI

BERLIN, Dec 7 (Reuters) - Despite falling inflation and rising collectively agreed wages, many Germans face a reduction in spending power this year, data from the Institute of Economic and…

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Germany to extend border controls with Poland, Czech Republic, Switzerland

Germany plans to extend its border controls with Poland, the Czech Republic and Switzerland to stem a migration surge and combat people-smuggling until Dec. 15, a spokesperson for the interior…

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UPDATED: Munich flights, long-distance trains cancelled due to snow

Dec 2 (Reuters) - Long-distance trains and hundreds of flights in and out of the German city of Munich were cancelled on Saturday because of heavy snowfall, according to statements…

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German unemployment rises in November amid economic downturn

By Maria Martinez Nov 30 (Reuters) - The number of unemployed people in Germany rose in line with analysts' expectations in November, Labour Office figures showed on Thursday. The Federal…

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Germany hit by deadly winter weather

Authorities in western Germany on Tuesday urged residents to stay home, warning of life-threatening danger, after a burst of winter weather led to hazardous roads, leaving two people dead. The…

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German government unveils budget fixes as way out of crisis

Germany's ruling coalition unveiled a supplementary budget on Monday that will temporarily lift a self-imposed cap on borrowing after a constitutional court ruling tore up the government's spending plans. The…

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UPDATED: German government to agree budget fixes as way out of crisis

BERLIN, Nov 27 (Reuters) - Germany's ruling coalition was expected to agree a supplementary budget on Monday that will temporarily lift a self-imposed cap on borrowing limits after a constitutional…

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German business sentiment improves in November – Ifo

BERLIN, (Reuters) - German business morale improved for a third straight month in November, the Ifo institute said after its latest survey, adding there had been no impact "for the…

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OECD: German budget crisis could slow down EU economy

BERLIN, Nov 23 (Reuters) - The Organisation for Economic Cooperation and Development (OECD) warned on Thursday that Germany's budget crisis, which has called into question billions of euros in planned…

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Scholz pledges greater investment in Africa’s green energy sector

Germany will invest 4 billion euros in green energy projects in Africa until 2030, Chancellor Olaf Scholz said on Monday, noting these could in turn help Europe's largest economy achieve its own…

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EPA’s Eye In The Sky: Eltz Castle, Mueden, Germany

A view of Eltz Castle with the autumnally discoloured forest near Mueden, Germany. Eltz Castle founded in the 9th and mainly built in the 12th century is still owned by…

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Germany, France and Italy reach agreement on future AI regulation

No sanctions should be imposed, joint paper says Commitments would involve large and small providers Paper suggests "mandatory self-regulation through codes of conduct" By Andreas Rinke BERLIN (Reuters) - France,…

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German court ruling could hit economic growth next year – source

By Maria Martinez and Andreas Rinke BERLIN, Nov 17 (Reuters) - A German court ruling that wiped billions from the federal budget could drag down growth by as much as…

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Germany set to double Ukraine military aid under Scholz plan

German chancellor Olaf Scholz's governing coalition has agreed in principle to double the country's military aid for Ukraine next year to 8 billion euros ($8.5 billion), a political source in…

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Germany’s Scholz looking ‘closely’ at Italy’s migrant deal with Albania

German Chancellor Olaf Scholz signalled an openness to study Italy's deal to hold migrants in Albania as the European Union tries to stem illegal immigration. "Bear in mind that Albania…

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Germany set to double its Ukraine military aid under Scholz plan

(Reuters) - German chancellor Olaf Scholz's governing coalition has agreed to double German military aid for Ukraine next year to 8 billion euros ($8.54 billion), Bloomberg News reported, citing people…

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Germany pledges to make its military ‘the backbone of defence in Europe’

By Sabine Siebold BERLIN (Reuters) - Germany will strengthen its military to make it the backbone of deterrence and collective defence in Europe, its defence minister pledged as Berlin issued…

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France, Germany to discuss rigour of EU fiscal rules

By Jan Strupczewski BRUSSELS, Nov 9 (Reuters) - France and Germany will discuss later this month how strict new EU fiscal and debt rules should be, to create a basis…

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Marking “Kristallnacht” pogrom, Scholz expresses shame over anti-semitism wave

BERLIN, Nov 9 (Reuters) - Chancellor Olaf Scholz said he was "ashamed and outraged" at a recent wave of anti-Semitic incidents in Germany, warning Berlin would not tolerate such anti-Jewish…

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Germany to send fighter jets to Romania; To withdraw Patriot units from Poland

BERLIN, Nov 9 (Reuters) - Germany will deploy four Eurofighter jets to Romania to support NATO's air policing mission from the end of November, a security source said, weeks after…

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UPDATED: Toy gun scare leads to German school evacuation

German police escorted students out of a school in the northern city of Hamburg on Wednesday, acting on information that two youths had entered a classroom and brandished something that…

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Germany’s tougher migration policy marks ‘historic moment,’ says Scholz

Chancellor Olaf Scholz, who seeks to reduce the number of asylum seekers and stem support for the far-right, agreed on a tougher migration policy and new funding for refugees with the…

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EPA’s Eye In The Sky: Kaub, Germany

An aerial view on Pfalzgrafenstein Castle on a sand bank in the Rhine river in Kaub, Germany. Via EPA/THOMAS FREY

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Germany’s Baerbock says EU needs deep reforms to prepare for future

Major reforms of the European Union are needed to secure the future of the bloc against geopolitical changes, German Foreign Minister Annalena Baerbock said on Thursday at a conference on…

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Far-right German legislator arrested after ‘Sieg Heil’ salutes heard

A legislator with the far-right Alternative for Germany party was arrested on Monday on charges including displaying forbidden totalitarian symbols, with neighbours of his fraternity complaining of often hearing the…

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German economy shrinks slightly in Q3

By Maria Martinez BERLIN, Oct 30 (Reuters) - Germany's economy shrank slightly in the third quarter, data showed on Monday, as Europe's largest economy continues to be weighed down by…

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German minister promises longer jail terms for people smugglers

BERLIN, Oct 25 (Reuters) - German Interior Minister Nancy Faeser vowed to increase penalties for people smugglers as her next step against irregular migration after the cabinet approved measures that…

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Anti-Semites cannot be granted German citizenship under new law – minister

BERLIN, Oct 25 (Reuters) - A law under consideration by the German parliament would mean that people who have committed anti-Semitic acts can never be granted citizenship, German Interior Minister…

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German business sentiment improves but recession fears remain

By Maria Martinez BERLIN, Oct 25 (Reuters) - German business morale improved more than expected in October, following five consecutive months of decline, a survey showed on Wednesday, but economists…

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Photo Story: German Chancellor Scholz observes capability demonstration of Territorial Disposition Group

German Chancellor Olaf Scholz (L) stands next to a GSG9 special forces officer with a gas mask during a capability demonstration of the Territorial Disposition Group at Cologne-Wahn Military Airport…

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Germany’s far-left star quits post-Communists to found populist party

BERLIN, Oct 23 (Reuters) - The star of Germany's left-most parliamentary party has quit to set up her own populist formation, based on scepticism on both green issues and on…

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