Browsing Tag

germany

Input shortage affects the German industry

Two-thirds of German industry, 64 %, is suffering from material shortages and struggling to meet production, according to a survey by the Ifo economic institute. In the previous quarter, the number of companies reporting problems had…

Germany allocates special fund to deal with floods

Angela Merkel is visiting the areas that have been devastated by the floods in Western Europe, considered the worst of the century, leaving about 183 fatalities, dozens of disappeared and innumerable material damage in Germany and Belgium.…

ECB launches digital euro project

The European Central Bank (ECB) announced today the launch of a two-year pilot project to introduce the digital euro in the long term. The plan will start with the research phase that aims to "supply a coin in its safest form." According to…

Germany approves the European unitary patent

The German Constitutional Court gave the green light to the European unitary patent after rejecting constitutional complaints against the project, which had slowed down the approval of the initiative in Germany. The judicial entity…

G7 reaches an agreement to reform the tax system

British Finance Minister Rishi Sunak announced that the world's most developed economies, meeting at the G7 in London, reached a historic agreement on the reform of the global tax system. Thus, the G7 ministers, made up of the United…

Germany, synonymous with success in job digitization

The digitalization of work caused by the coronavirus pandemic worked better than expected in Germany, according to German Chancellor Angela Merkel. "We continue to have major weaknesses in the expansion of hardware, but at least we have…

More than 20 Spanish banks attacked by malware

Spain is the European country most affected by the new Brazilian banking Trojan Bizarro, a malware that has already attacked 70 different banks around the world, of which 22 are Spanish banks. The cybersecurity company Kaspersky, which has…

German economy contracts 1.7 % in 2021

Germany's gross domestic product (GDP) declined 1.7 % year-on-year in the first quarter of 2021, the Federal Statistical Office (Destatis) announced today. The figure stops the growth trend registered in the last two quarters, taking into…

Brexit hits European companies in the UK

The departure of the United Kingdom from the European Union (EU), the so-called Brexit, is markedly hindering the jobs of German companies in the construction and maintenance sector in that country due to the procedures and visas now…