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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.

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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.

Economy

Why is European manufacturing still in such a critical state?

Europe's manufacturing sector continues to struggle, with August's PMI indicating a deepening downturn. Germany and France lead the decline, while rising costs pose additional challenges.

Europe News

Four key takeaways from eastern Germany's pivotal state elections

Here's a quick roundup of the four main things we learned from this weekend's elections in Saxony and Thuringia.

Europe News

German far-right AfD party scores historic win in state election

AfD's victory in Thuringia marks the first time since WWII that a far-right party appears on course to enter a state parliament, with the far-right party polling at over 32% according to exit polls published on Sunday.

Europe News

Poland marks 85th anniversary of Nazi German invasion

In more than five years of brutal German occupation during WWII, the central European country lost 6 million citizens, or a sixth of its population, of which 3 million were Jewish.

Europe News

Exit polls: AfD leads Thuringia vote and a close second in Saxony

Exit polls: far-right AfD is in the lead in Thuringia, the first time for a German far-right party since 1945, and on course for major gains in Saxony.

Europe News

Far-right party looking to make gains in state elections in Germany

Germans are casting their votes on Sunday in Saxony and Thuringia, in the east of the country, in an election that could see the far-right Alternative for Germany (AfD) become the strongest party for the first time and produce painful results for the unpopular national government.

Europe News

Austria to team up with Germany in joint deportations to Afghanistan

Austria's Federal Office for Immigration and Asylum has said that deportations to Afghanistan are permissible on a case-by-case basis due to the "changed security situation" in the country.

Brussels, My Love?

Brussels, my love? Is France becoming the sick man of Europe?

This edition of our weekly talkshow focuses on the political stalemate in France, the fallout of the latest terrorist attack in Germany and the start of the Paralympics.

Europe News

Six people injured in bus stabbing in western German city of Siegen

Police are trying to establish a motive for the attack but say there are no indications it was terrorism.

Europe News

Scholz supports deportations of Afghan 'convicted criminals'

The deportations come a week after a deadly knife attack in the town of Solingen which left three people dead and eight others wounded.

Germany

'Left conservative' German politician sprayed with paint in Erfurt

Wagenknecht, a self-described "left conservative," platforms on left-wing economic policy and a restrictive approach to migration.

Economy

Eurozone inflation hits over 3-year low: Are ECB rate cuts looming?

Eurozone annual inflation fell to 2.2% in August 2024, yet core inflation, driven by persistent services costs, remains stubborn. ECB’s Schnabel urges caution regarding potential rate cuts.

Germany

Inflation puts pressure on parents' back-to-school finances in Germany

The German national statistics office said that school supplies like pens and books rose between 5 and 13% in July last year compared to the year before.

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