The German government plans to promote with 9,900 million euros (10,800 million dollars) the establishment of plants of the American chip manufacturer Intel in the east of the country, as learned on Monday dpa.
This means that Intel, including state aid, will invest more than 30 billion euros in…
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Inflation in Germany shows decline to 6.1 % in May
The inflation rate fell significantly in Germany in May to 6.1 %, the lowest level in more than a year, the Federal Statistical Office (Destatis) reported today based on preliminary data.
The increase in consumer prices thus lost pace for…
Germany calls for early EU regulations for artificial intelligence
The German Minister for Transport and Digitization, Volker Wissing, called for the rapid development of legal rules for the application of artificial intelligence (AI) in the European Union.
"We must react sensibly now and regulate…
BMW sales fell in the first quarter of the year
Sales of the German automaker BMW fell 1.5% year-on-year in the first quarter of the year, to 588,000 vehicles, as announced by the company itself.
BMW detailed that vehicle deliveries in China fell even more, 6.6% compared to the same…
Security experts warn of espionage risks in Germany
Companies and research institutions in Germany must exercise caution due to the growing risks of espionage, especially from Russia and China, security experts recommended today.
"Authoritarian regimes use liberal freedoms to extend their…
Germany and Brazil want to deepen economic ties
Within the framework of the efforts of Germany and Brazil to deepen their economic relations, the German-Brazilian Business Conference will be inaugurated today in Belo Horizonte with the presence of the German Minister of Economy, Robert…
German banks in favor of the digital euro for payments within Europe
A digital euro could give a decisive boost to the fragmented European market for electronic payments, says a statement released today by the Association of German Banks (BdB).
"As a convenient and risk-free digital payment method, it could…
Germany estimates that share of electric cars will fall to 28 %
The market share of electric cars in Germany will probably fall to 28 % in 2023 due to the end of subsidies for the purchase of hybrid models, they pointed out from the car manufacturer sector to the Sunday newspaper "Welt am Sonntag".…
Brazil and Germany support agreement between Europe and Mercosur
The recent visit to Brazil by German Chancellor Olaf Scholz was the setting for the signing of a joint declaration with President Luiz Inácio Lula da Silva, on a possible agreement between Europe and Mercosur.
This Wednesday, Scholz and…
Germany could enter a technical recession
Inflation and the energy crisis slowed down the German economy in the fourth quarter of 2022, which could lead to a recession in the first months of the new year, according to data from the Federal Statistical Office released on Monday.…
Shortage of qualified employees in German commerce increases
The shortage of skilled workers is also causing increasing problems in retail trade in Germany, which lacked more than 37,000 employees between July 2021 and July 2022, according to a study by the Institute for German Economics (IW)…
German inflation slows to 10 % in November
The consumer price index (CPI) in Germany stood at 10 % in November, which represents a slowdown of four tenths compared to the year-on-year increase registered in October and the same figure as in September, according to the data advance…