Argentina’s President Javier Milei is planning a visit to the German port of Hamburg on Saturday where he will receive a medal but is also likely to hear loud protests against his ultra-liberal economic policies. The Friedrich August von Hayek Foundation, a think tank named after the Austrian pioneer of neoliberalism, plans to award him […]
Tag: Germany
Three suspected foreign spies in custody in Germany
Prosecutors in Germany have revealed that three suspected agents for a foreign intelligence agency are in custody after being arrested earlier this week. The suspected foreign agents were arrested in Frankfurt on Wednesday, according to Germany’s federal prosecutor’s office, which revealed the arrests for the first time publicly on Friday. The men were brought before […]
France’s Risk Premium Over Germany Closes at Highest Since 2012
(Bloomberg) — Investors are demanding the biggest premium in over a decade to hold French bonds compared to safer German debt, as concerns mount that parties vying to win France’s upcoming legislative elections may further bloat public finances. Most Read from Bloomberg The spread between the two nations’ 10-year bond yields rose three basis points […]
Germany auctions North Sea wind farm rights for €3 billion
Offshore wind turbines are located at the Arcadis Ost 1 wind farm off the island of Ruegen in the Baltic Sea. Stefan Sauer/dpa Germany’s Federal Network Agency has auctioned off the rights for the construction of two wind farms in the North Sea for just over €3 billion ($3.2 billion). The contracts concern two areas […]
3 men arrested in Germany are suspected of spying on a Ukrainian for a foreign intelligence agency
BERLIN (AP) — Three men have been arrested in Germany on suspicion of trying to collect information on a person from Ukraine for a foreign intelligence agency, prosecutors said Friday. The suspects were arrested in Frankfurt on Wednesday, federal prosecutors said in a statement. They were identified as Robert A., a Ukrainian citizen; Vardges I., […]
Sonja Pierer appointed chief executive of Intel Germany
The proven sales expert and computer science graduate Sonja Pierer (undated photo) will be the head of Intel Germany. She has been appointed the new managing director of the chip manufacturer in Germany. -/Intel/dpa Sonja Pierer has been appointed new managing director of chipmaker Intel in Germany, the company said in Munich on Friday. Pierer, […]
Germany Bolsters Military Expansion With €2.9 Billion Tank Order
(Bloomberg) — Germany plans to buy 105 additional Leopard 2 A8 battle tanks as part of the ruling coalition’s multi-billion euro program to modernize the armed forces triggered by Russia’s full-scale invasion of Ukraine. Most Read from Bloomberg Defense Minister Boris Pistorius has asked lawmakers to approve the purchase from Franco-German manufacturer KNDS in a […]
Electric car sales tumble across Europe as demand plummets in Germany
Sales of electric vehicles (EVs) plunged across Europe last month, fuelled by a sharp drop-off in demand in Germany. Official figures show that sales for new EVs fell by 30pc in Germany last month, which led to a broader fall of 12.5pc across the Continent. It comes a week after Brussels launched a crackdown on […]
Germany arrests a man accused of standing by to carry out attacks for the Islamic State group
BERLIN (AP) — An Iraqi man who is accused of standing by to carry out attacks for the Islamic State group after he arrived in Germany in 2022 has been arrested, prosecutors said Thursday. The suspect, identified only as Mahmoud A. in line with German privacy rules, was arrested on Wednesday in Esslingen, near Stuttgart […]
Germany and Dutch-owned operator end talks on grid sale because of budget constraints
BERLIN (AP) — A state-owned Dutch company that is the biggest electricity grid operator in Germany said Thursday that talks on selling its German business to the government in Berlin have been terminated due to the administration’s budget constraints. TenneT, one of four transmission network operators in Germany, announced plans for the talks in February […]
Germany scraps controversial packaging rules for shisha tobacco
Germany’s Finance Ministry has revoked controversial rules for packaging of shisha tobacco which saw fierce backlash as well as some retailers going bankrupt. The government originally introduced the new regulation in 2022 to clamp down on tax evasion, which was seen as a frequent problem in shisha bars. Bars were buying large packages which they […]
Jamal Musiala and Ilkay Gundogan on target as Germany progress with Hungary win
Jamal Musiala and Ilkay Gundogan teamed up to send Germany into the knockout stage of Euro 2024 with a game to spare after a 2-0 victory over Group A rivals Hungary. Musiala opened the scoring with his second goal of the tournament before the break before Gundogan killed off hopes of a Hungarian fightback on […]