Now playing Next Economy Germany approves draft 2025 budget: Funds to Ukraine halved The German government endorses a draft 2025 budget with €481 billion in spending, including €78 billion for investments. The budget allocates €75.3 billion for NATO's defence spending target, but halves funds to Ukraine. 17/07/2024
Now playing Next Economy Germany's economic sentiment slips: Is recovery at risk? Germany's ZEW Economic Sentiment Index fell from 47.5 to 41.8 in July, missing forecasts and ending an eight-month of consecutive increases. Factors such as declining exports, political uncertainty in France, and unclear ECB monetary policy contributed to the decline. 16/07/2024
Now playing Next Business Discussions under way to split owner of Politico and Business Insider The media conglomerate currently owns German publications Bild and Die Welt, along with US sites Business Insider and Politico. The company also unsuccessfully tried to buy the Financial Times in 2015. 12/07/2024
Now playing Next Markets Germany’s sale of seized Bitcoin could be dampening BTC prices further The German government seized a quantity of Bitcoin cryptocurrency from Movie2K, a film piracy website in January. Since it started selling off the confiscated bitcoin, prices have fallen by 15% with some fearing that the slump may continue. 09/07/2024
Now playing Next Business Sanofi eyes €1.3 billion investment in insulin drug plant in Germany Other healthcare companies such as Daiichi Sankyo have also announced investments in Germany recently, in a positive sign for the ruling coalition government. 02/07/2024
Now playing Next Economy Germans downbeat about the prospects for an early economic recovery Consumers in Germany are pessimistic and have revealed that they were likely to focus more on saving, and expected to make fewer large purchases in July. 26/06/2024
Now playing Next Economy German wholesale inflation continues to drop on energy price falls Falling natural gas and electricity prices were the main contributors to May’s figure, as well as the declining cost of intermediate goods. 20/06/2024
Now playing Next Economy German inflation on the rise again for the first time in five months Increases in services and food costs contributed significantly to May's rise in German inflation, although energy prices continued to fall. 12/06/2024
Now playing Next Economy Germany announces €23 billion tax cuts to help inflation-hit household The coalition government set aside week's of disagreement to agree the tax cuts package. However, the move has already seen a considerable backlash, with opposing political parties arguing that tax cuts will heap yet more pressure on Germany’s already strained budget. 06/06/2024
Now playing Next Economy Germany's jobless total climbs, staying close to 3-year highs Businesses in Germany are struggling with the cost of rehiring staff post-pandemic, with profit margins still hit by low revenues, higher inflation, interest rates, and a continuing high cost of living. 04/06/2024
Now playing Next Economy Deutsche Bank revises eurozone GDP outlook for the year The German economy is doing better than expected, while the UK economy is also going through a cyclical recovery. 04/06/2024
Now playing Next Economy German economy expands slightly in first quarter of 2024 Increases in foreign trade has also gone a long way in supporting this higher GDP figure. However, despite falling inflation, German consumers remain cautious when it comes to spending. 24/05/2024
Now playing Next Economy German property crisis deepens as foreign investment dries up High interest rates and economic uncertainty are driving overseas investors away from German real estate. 21/05/2024
Now playing Next Economy German and French economies show first quarter signs of revival Despite Germany's relatively good performance last quarter, the International Monetary Fund believes that structural issues such as aging and lack of investment remain. 15/05/2024
Now playing Next Economy Is part-time work fuelling Germany’s economic woes? The minister president of Saxony, Michael Kretschmer, says a return to the 40-hour week is necessary to maintain economic prosperity in Germany. 11/05/2024
Now playing Next Economy German consumer confidence reaches two-year high on upbeat pay hopes German consumers are feeling more upbeat about economic prospects, as well as expecting to be buying more next month. 25/04/2024
Now playing Next Economy Experts slash economic growth forecast for 'ailing' Germany Five of Germany's economic research institutes slash Germany's GDP outlook, citing low domestic demand, and high gas and electricity prices hitting exports. 27/03/2024
Now playing Next Business ProSieben board turns down MFE bid to split German broadcaster German broadcaster ProSiebensat.1 has rejected a bid put forward by MFE-MediaForEurope to split up the company. 27/03/2024
Now playing Next Economy Germany's March consumer sentiment perks up, but France feels blue German income expectations have soared to a more-than two-year high, but French consumers remain worried about their standard of living. 27/02/2024
Now playing Next Economy Germany likely to be in recession already, suggests Bundesbank Germany's "ongoing period of weakness" could last longer than expected, the country's central bank is warning. 20/02/2024