German economy
- Europe
Thousands of jobs to go at German car parts maker Schaeffler
The company is downsizing at 10 locations in Germany and five other sites in Europe, further illustrating the challenges facing…
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German consumer climate reaches 18-month high as income optimism rises
Germany’s consumer confidence inched upwards in October, marking its most optimistic point since April 2022, though challenges continue to weigh…
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Tesla gets go-ahead for controversial factory expansion in Germany
The US electric car maker has plans to build the biggest car plant in the country, manufacturing one million cars…
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Germany’s economic sentiment improves, DAX index hits record highs
October’s rise was driven by interest rate cut expectations and export optimism, despite a worsening current outlook. The DAX hit…
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Eurozone: August retail sales rise, but Germany’s factory orders sink
Eurozone retail sales grew 0.2% in August, rebounding from July’s flat reading, while Germany’s factory orders plunged 5.8%, marking their…
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German unemployment unchanged but signals weak performance
The German labour market usually picks up in September after the summer, but unemployment decreased much less than usual this…
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Commerzbank takeover: Germany questions UniCredit’s ‘hostile’ strategy
UniCredit’s bid to raise its stake in Commerzbank to 29.9% faces German resistance. The European Commission sees potential benefits in…
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UniCredit raises stake in Germany’s Commerzbank to 21%
If the deal wins approval, it will make the Italian bank Commerzbank’s largest shareholder – to the dismay of the…
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DAX may face pressure amid rising economic and political uncertainties
Germany’s stock market has continued to reach new highs, buoyed by the easing monetary policies of global central banks. However,…
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Germany’s economic sentiment takes a dramatic fall as outlook worsens
Germany’s economic sentiment plunged to an 11-month low in September, with the ZEW index dropping sharply. Economic outlook worsened across…
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