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Keywords: Germany
Volkswagen plans to eliminate about 50,000 jobs in Germany by 2030 as the automaker accelerates restructuring efforts following a sharp decline in annual profits. The announcement came as the company reported earnings at their lowest level since the 2016 diesel emissions scandal. Chief executive Oliver......
Germany has coordinated with European allies to supply about 35 PAC-3 interceptor missiles for Ukraine’s Patriot air defense systems, according to a report by Der Spiegel confirmed by the German Defense Ministry. Around 30 of the missiles will come from several European partner countries, while......
Rising oil prices driven by escalating tensions in the Middle East are sending shockwaves through global economies, raising concerns about slower growth, higher inflation, and tighter monetary policy if crude prices remain elevated. Governments and central banks from Europe to Asia are confronting mounting......
SAP SE, Europe's most valuable software company, is facing widespread frustration among staff after a newly introduced bonus system appeared to reward underperforming managers while setting higher performance standards for lower-level employees. According to a Bloomberg report citing internal documents......
Public transportation services across Germany faced widespread disruption on Friday as thousands of transit workers launched a 48-hour strike, halting buses, trams and subways in major urban centers. The industrial action, which began at 3 a.m., significantly affected morning commuters in cities including......
NATO Secretary-General Mark Rutte has called on European allies to put less energy into questioning Washington’s reliability and more into meeting their own defense spending pledges, arguing that a stronger European contribution will help lock in the United States’ role in the alliance. Speaking......
Germany’s parliament has approved new legislation granting the military wider authority to combat drone incursions, an escalating concern linked by officials to Russian hybrid interference across Europe. The Bundestag voted Thursday to amend the Aviation Security Act, enabling the Bundeswehr to......
German Chancellor Friedrich Merz will travel to China next week for his first official visit since taking office, aiming to recalibrate ties with Berlin’s largest trading partner while navigating sharpening geopolitical rifts with Washington and Moscow. The trip, which begins with his departure......
German Chancellor Friedrich Merz said he will pursue strategic partnerships with China during a visit next week, signaling a shift toward closer economic engagement with Beijing as trade tensions with Washington continue to simmer. Speaking to supporters at his Christian Democratic Union’s Ash......