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Business

Volkswagen's earnings disappoint as shares plunge to 24-year low

Volkswagen’s third-quarter earnings missed expectations, pushing shares to a 24-year low. Europe’s biggest automaker faces rising costs, restructuring expenses, and slowing demand, particularly in China. Challenges in the EV market and regulatory pressures are straining profitability.

Economy

Switching to EVs could cost German car industry 186,000 jobs by 2035

EV car production requires fewer employees overall than in the past, according to new report findings.

Economy

German consumer climate reaches 18-month high as income optimism rises

Germany's consumer confidence inched upwards in October, marking its most optimistic point since April 2022, though challenges continue to weigh on sentiment.

Business

Tesla gets go-ahead for controversial factory expansion in Germany

The US electric car maker has plans to build the biggest car plant in the country, manufacturing one million cars annually.

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Economy

Germany's economic sentiment improves, DAX index hits record highs

October's rise was driven by interest rate cut expectations and export optimism, despite a worsening current outlook. The DAX hit record highs, boosted by falling oil prices and a weakening euro, outperforming other European indices.

Economy

Germany's economic struggles deepen: A back-to-back recession looms

Germany's economic downturn deepens with a projected contraction in 2024, marking its second consecutive year of decline. Manufacturing struggles and global competition, especially from China, highlight structural issues. Growth is expected to return in 2025.

Travel News

From buses to trains: Flix expands its operations in Germany

FlixTrains’ decision to move further into the rail industry means Germany will soon have a more accessible train network.

Business

Thyssenkrupp is reviewing plans for manufacturing 'green steel'

Thyssenkrupp is revisiting its ambitious plan to produce green steel at its Duisburg site due to escalating costs. The German government has spent billions of Euros subsidising the project.

Economy

Eurozone: August retail sales rise, but Germany's factory orders sink

Eurozone retail sales grew 0.2% in August, rebounding from July's flat reading, while Germany's factory orders plunged 5.8%, marking their worst decline since January. The euro slipped below $1.10 on the news.

Economy

German inflation plunges to over three-year low as energy prices wane

German inflation fell for the second month in a row in September, as energy prices pulled back. However, food prices rose at a faster pace.

Economy

German unemployment unchanged but signals weak performance

The German labour market usually picks up in September after the summer, but unemployment decreased much less than usual this month.

Business

Commerzbank takeover: Germany questions UniCredit's 'hostile' strategy

UniCredit's bid to raise its stake in Commerzbank to 29.9% faces German resistance. The European Commission sees potential benefits in consolidation, while analysts predict significant financial synergies.

Economy

German business confidence tumbles: Why is DAX index defying gravity?

Germany's business confidence slumped for the fourth straight month in September, but the DAX stock index is defying the economic gloom, nearing record highs.

Business

UniCredit raises stake in Germany's Commerzbank to 21%

If the deal wins approval, it will make the Italian bank Commerzbank's largest shareholder - to the dismay of the German government.

Markets

DAX may face pressure amid rising economic and political uncertainties

Germany's stock market has continued to reach new highs, buoyed by the easing monetary policies of global central banks. However, political and economic challenges may limit further gains.

Economy

Germany's economic sentiment takes a dramatic fall as outlook worsens

Germany's economic sentiment plunged to an 11-month low in September, with the ZEW index dropping sharply. Economic outlook worsened across key German industries, impacting the broader eurozone morale.

Economy

German Chancellor Olaf Scholz underlines economic need for immigration

Scholz gave a speech in the Bundestag in Berlin on Wednesday morning, where he discussed migration, productivity, and warned of a "big economic problem" ahead, according to international and domestic calculations.

Business

BMW shares plunge after vehicle recalls for brake system fix

BMW has downgraded its full-year outlook following a braking system malfunction that led to a recall of more than 1.5 million vehicles.

Economy

Germany's political uncertainty diminishes investor confidence

The growing support for Germany's populist parties, the AfD and BSW, could exacerbate the country's economic challenges, potentially accelerating the trend of businesses relocating their operations elsewhere.

Business

German state decides on lifeline for sinking Meyer Werft shipyard

Meyer Werft, one of the world's biggest cruise ship builders, is battling with a €2.7 billion hole in its balance sheet. The German state has proposed a rescue plan.