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Business

Germany approves bailout for struggling Meyer Werft shipbuilder

The federal government and the state of Lower Saxony are collectively buying up 80% of the firm, as the shipbuilder struggles with a nearly €2.8 billion hole in its balance sheet.

Europe News

Neighbours slam Germany over 'unacceptable' border control measures

Poland has deemed Germany's decision to implement border controls "unacceptable," while Austria has announced that it will not accept any migrants who are turned back.

Europe News

Belgians puzzled and displeased as Germany brings back border controls

"In the 1980s, we had to get off the bus and they checked all our passports," said one Belgian citizen. "We're not going back to that time, are we?"

Europe Decoded

Is the border-free Schengen Area about to unravel?

Recent developments in Germany and Hungary linked to irregular migration have cast serious doubts over the future of the Schengen Area.

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Europe News

Why did von der Leyen delay announcing her team?

European Commission President Ursula von der Leyen will announce the list of commissioner nominees during next week's plenary session in Strasbourg.

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.

Europe News

Why is Germany strengthening its border controls now?

Germany is set to impose stricter border controls with several neighbouring countries starting next week, following deadly migrant attacks that fueled far-right gains in recent state elections.

Economy

German inflation rate dips to lowest level in more than three years

The news raises hopes for another rate cut from the European Central Bank, with the policy committee set to meet this Thursday.

Europe News

Germany announces temporary border checks at all land borders

Interior Minister Nancy Faeser says Germany will set up temporary controls at all of its land borders in an attempt to curb irregular migration, expanding checks it already has in place at some borders.

Europe News

Scholz says next Ukraine peace talks must include Russia

A previous international peace conference in June in Switzerland ended with 78 countries expressing support for Ukraine's 'territorial integrity' but without Russia’s participation the path forward was left unclear.

Europe News

US Supreme Court judge says German socialite gifted him €810 tickets

US Justice Samuel Alito disclosed that he accepted concert tickets worth €810 from a German princess, according to a new financial disclosure form.

My Europe Series

State of the Union: Is Scholz a chancellor on call?

This edition of State of the Union focuses on the fallout of regional elections in Germany, the latest spat between Hungary and the EU and Mongolia's refusal to arrest Vladimir Putin.

Economy

More job cuts on the way as German economy struggles to recover

After the news that Europe's largest car producer VW may close two plants, experts are sounding the alarm that the downsizing of manufacturing isn't just limited to the car industry. The German Institute for Economic Research (DIW) says companies need to evolve.

Economy

ECB rate cut looking more likely as eurozone growth downwardly revised

Eurozone growth for the second quarter was revised down to 0.2%, marking a slowdown compared to the first quarter. Germany contracted, while Spain saw strong growth. The ECB is expected to cut rates by 25bps next week.

Europe News

Czechia floats plan to replace Russian gas supplies to eastern EU

Czechia's trade minister and the likely next EU energy commissioner has urged the incumbent Kadri SImson and Berlin, Budapest, Bratislava and Vienna to intensify efforts to wean the bloc off Russian gas

Business

VW workers blast management amid potential plant closures

The Volkswagen works council criticised the executive board for suggesting plant closures and threatening job security, as Volkswagen's Chief Financial Officer says the company may not survive the transition to electric cars unless it cuts costs.

Business

Why the German government looks set to reduce its stake in Commerzbank

Commerzbank has emerged from financial distress, prompting the state to sell down its €2.5 billion stake.

Economy

Why are German stocks at record highs despite looming recession?

The DAX hit record highs, defying Germany's grim economic outlook. Despite a recession risk, SAP's AI-driven growth has significantly boosted the index, contrasting sharply with the decline in major automotive stocks.

Business

VW considers German factory closures for first time in 87-year history

Jobs with VW in Germany are meant to be protected until 2029, but the firm could now renege on that promise.

Germany

Who is Sahra Wagenknecht, the politician cannibalising Germany's left?

The self-described "left conservative" rebel who outperformed her old allies believes Berlin should not support Kyiv amid Russia's ongoing full-scale invasion and that Germany should be much less open to immigration.

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