The German Economy and Climate Minister, Robert Habeck, admitted that the war between Russia and Ukraine is impacting the German economy and pointed out that the new growth projections for the end of 2022 highlight that the GDP will grow only 2.2 % in compared to the 3.6% estimated in January. While…
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Deutsche Bank earns more than a billion euros
Deutsche Bank started 2022 with rising net profit, which rose to 1.06 billion euros ($1.1 billion) in the first quarter, Germany's largest financial institution announced.
The result is 17 % more than the 908 million dollars obtained in…
German businessmen demand energy from renewable sources
The president of the Association of German Chambers of Industry and Commerce (DIHK), Peter Adrian, called for the measures planned by the German government to expand the production of electricity from renewable sources to be improved and…
€3 billion for floating LNG terminals
The German government will allocate some 3,000 million euros (about 3,235 million dollars) to four floating terminals of liquefied natural gas (LNG) in the next ten years, according to a letter addressed to the German Parliament.…
Deutsche Bank expects ECB reaction to inflation
The president of Deutsche Bank and the Association of German Banks (BdB), Christian Sewing, stated that he expects a prompt reaction from the European Central Bank (ECB) in the face of the new increase in inflation.
“In the midst of all…
Germany has increasingly powerful data centers
Germany's data centers are getting more powerful, as their capacity grew by 84 percent between 2010 and 2020, measured by the maximum electricity consumption of installed hardware, the Borderstep institute in Berlin reported today. Energy…
Oil terminals suffer cyber attack
A series of oil terminals located in Belgium, the Netherlands and Germany recently suffered a major cyberattack, according to authorities.
The Antwerp prosecutor's office, located in Belgium, confirmed the launch of an investigation of the…
BMW estimates further growth in 2022
BMW Chairman of the Board of Directors Oliver Zipse highlighted that BMW is on a very good path with the transformation process, prepared its plants for electromobility and expects further growth in sales in 2022. "That is why over the next…
German retail is a Christmas catastrophe
German retail was disappointed again this year with the volume of sales in physical stores this Christmas season. "For the second time in a row, the Christmas season was a catastrophe for retail," said Stefan Genth, general secretary of the…
Tesla to produce electric vehicles in Germany
The American company Tesla plans to start the production of electric vehicles in its Europe in December, once it obtains the environmental impact permit. This was reported by the specialized publication Automobilwoche.
According to the…
Germany plans to restore compulsory teleworking
The German Government plans to reintroduce the obligation to work from home in view of the sharp increase in infections with the coronavirus, according to a project of the Ministry of Labor to which dpa had access.
The document aims to…
Germany will stop financing fossil fuels projects abroad
Germany on Tuesday joined a declaration to stop financing fossil fuel projects abroad by the end of 2022.
The Secretary of State for the Environment, Jochen Flasbarth, and a representative of the British presidency of the World Climate…