featured News Trending

Germany’s Finance Minister Urges “European Patriotism” to Safeguard Economy

By 59 0

Germany’s finance minister Lars Klingbeil has called for a new era of “European patriotism” to protect the continent’s economic interests amid rising global tensions. Speaking at a lecture in Berlin, Klingbeil proposed that companies receiving state aid should be required to keep jobs within Europe and that public procurement policies should prioritise goods produced in the region.

Klingbeil said Europe must fundamentally rethink its economic strategy as traditional alliances weaken and trade becomes increasingly politicised. He argued that the transatlantic relationship is changing, pointing to signs that the United States is turning away from Europe both politically and culturally. At the same time, he warned that trade is being weaponised through subsidies, tariffs, export controls and industrial overcapacity, placing strain on Germany’s export-driven economy.

To address these challenges, Klingbeil outlined a strategy focused on strengthening European unity, diversifying trade ties beyond the United States and shielding European markets from unfair competition. He said Europe must become more sovereign and resilient, cautioning that relying solely on exports is no longer sufficient in a rapidly shifting global economic order.

Pic courtesy: google/ images are subject to copyright

featured News Trending

Germany’s Coalition Divided Over Inheritance Tax Reform Ahead of Key Elections

By 63 0

Germany’s Social Democratic Party (SPD) has proposed sweeping changes to inheritance tax rules, setting up a fresh dispute with its conservative coalition partner. The reforms aim to make the system fairer by increasing taxes on large estates while easing the burden on smaller inheritances, just as the government faces several important regional elections this year.

While both the SPD and Chancellor Friedrich Merz’s conservative bloc agree on the need for tax relief to revive the weak economy, they strongly disagree on how to achieve it. The disagreement adds to growing tensions within the coalition, reinforcing public perceptions of a divided and slow-moving government at a time when voters are demanding clear economic direction.

Under the SPD plan, heirs would be able to inherit up to around one million euros tax-free, and family homes would remain exempt if the heir continues to live there. Family businesses would receive allowances of about five million euros, but larger firms would face higher taxes — a move strongly opposed by conservatives, who warn it could hurt Germany’s small and medium-sized companies.

Pic courtesy: google/ images are subject to copyright

featured News Trending

Thieves Drill Into German Bank Vault, Steal €30 Million in Major Heist

By 143 0

Thieves have stolen an estimated €30 million in cash and valuables after drilling into a vault at a Sparkasse savings bank branch in the western German city of Gelsenkirchen, police said. The break-in, described by investigators as highly professional and reminiscent of a Hollywood-style heist, involved the use of a large drill to access the underground vault. More than 3,000 safe deposit boxes containing money, gold and jewellery were forced open during the robbery.

Police became aware of the crime in the early hours of Monday after a fire alarm was triggered at the branch on Nienhofstrasse in the Buer district. Investigators believe the suspects exploited the quiet Christmas period to carry out the operation, gaining entry to and escaping from the bank through an adjacent parking garage. Witnesses reported seeing several men carrying large bags in the garage staircase overnight, and CCTV footage captured a black Audi RS6 leaving the area early Monday morning.

No arrests have been made so far and the suspects remain at large. Sparkasse said around 95% of the safe deposit boxes at the branch had been broken into, making it highly likely many customers were affected. The bank has set up a hotline for clients, confirmed the branch will remain temporarily closed, and said the contents of each safe deposit box are insured up to €10,300, advising customers to check for additional coverage under their home insurance policies.

Pic courtesy: google/ images are subject to copyright

featured News

Merz Urges Europe to Assert Its Interests to Protect Peace and Prosperity

By 122 0

German Chancellor Friedrich Merz has called on Europe to assert its interests more forcefully to safeguard peace and prosperity in 2026, warning of mounting threats from Russian aggression, global protectionism and shifting relations with the United States. Speaking in his New Year’s address, Merz said the war in Ukraine posed a direct threat to Europe’s freedom and security, adding that Russia’s actions were part of a broader strategy targeting the entire continent.

Since taking office in May, Merz has played a key role in pushing European support for Ukraine and strengthening Germany’s defence posture. He said Germany now faces daily challenges including sabotage, espionage and cyberattacks, underscoring the need for greater resilience. Merz also highlighted economic risks from rising protectionism and Europe’s dependence on imported raw materials, which he said were increasingly being used as tools of political pressure.

Merz pointed to Germany’s struggle to revive its export-driven economy after two years of contraction, as Berlin seeks to reduce reliance on China while navigating global trade tensions and the impact of U.S. President Donald Trump’s tariff policies. Acknowledging a more difficult partnership with Washington since Trump’s return to office in 2025, Merz said Europe must rely more on itself, stressing that confidence, not fear, should guide the continent’s response as it works to renew long-standing peace, freedom and prosperity.

Pic courtesy: google/ images are subject to copyright

featured News Trending

Europe Condemns US Visa Bans Targeting Anti-Disinformation Advocates

By 100 0

The European Union, along with France and Germany, strongly condemned U.S. visa bans on five European citizens, including former EU commissioner Thierry Breton, who have been involved in combating online hate and disinformation. Washington accused them of censoring free speech and imposing undue restrictions on U.S. tech companies, a move that European officials described as unjustified and an infringement on Europe’s legislative autonomy. French President Emmanuel Macron emphasized the importance of protecting Europe’s independence and the freedom of its citizens.

Breton, who helped design the EU’s Digital Services Act (DSA), faced particular scrutiny from the Trump administration. The DSA requires tech companies to tackle illegal content such as hate speech and child sexual abuse material, but the U.S. argued it unfairly targets American platforms and citizens. Previous disputes, including fines against Elon Musk’s X platform, have heightened tensions between Brussels and Washington over internet regulation and freedom of expression.

The visa bans also affected activists from the U.K. and Germany, with both countries expressing support and solidarity. German authorities called the bans unacceptable, noting that digital rules are determined in Europe, not Washington. British and international organizations described the U.S. actions as authoritarian and an attack on free speech, while the EU signaled it may respond decisively to what it views as a coercive measure undermining democratic norms.

Pic courtesy: google/ images are subject to copyright

featured News

Tesla Expands Battery Cell Production at German Gigafactory

By 112 0

Tesla has announced fresh investments to scale up battery cell production at its Gigafactory in Gruenheide near Berlin, aiming to produce up to 8 gigawatt hours of battery cells annually from 2027. The U.S. electric vehicle maker said it will invest an additional three-digit million euro amount, taking total investment in the local battery cell factory to nearly €1 billion.

The company said the expansion is part of a strategy to deepen vertical integration at the site, allowing everything from battery cells to complete vehicles to be manufactured at a single location. Tesla described this as a unique setup in Europe that will help strengthen supply chain resilience and reduce dependency on external suppliers.

Tesla also noted that producing battery cells economically in Europe remains challenging amid competition from China and the United States. The Gruenheide facility, Tesla’s only gigafactory in Europe, currently employs about 11,500 people and plays a critical role as the automaker works to stabilise its position in the European electric vehicle market.

Pic courtesy: google/ images are subject to copyright

featured News

EU Backs Down on 2035 Combustion Engine Ban Amid Carmaker Pushback

By 117 0

The European Commission is poised to ease its 2035 ban on new combustion-engine cars, allowing up to 10% of sales to include non-electric options like plug-in hybrids and range extenders using CO2-neutral biofuels or synthetic fuels. This reversal follows intense lobbying from Germany, Italy, and Europe’s auto sector, including giants like BMW, Mercedes-Benz, Renault, Volkswagen, and Stellantis, as they grapple with competition from Tesla and Chinese EVs. The proposal requires approval from EU governments and the European Parliament.

This marks the EU’s biggest retreat from its aggressive green policies in recent years, with carmakers also urging relaxed 2030 CO2 targets and fines. The European Automobile Manufacturers’ Association (ACEA) has described the situation as “high noon” for the industry. However, EV advocates warn that diluting the 100% zero-emissions goal to 90% could erode investments and hand more market dominance to China.

To counterbalance, the Commission plans incentives for EVs in corporate fleets—which drive 60% of new car sales—potentially with local content rules and tax breaks for small EVs. Credits toward CO2 targets may also reward sustainable practices like low-carbon steel production, though the auto sector prefers incentives over mandates.

Pic courtesy: google/ images are subject to copyright

featured News

Germany Accuses Russia of Cyber-Attack on Air Traffic Control and Election Interference

By 151 0

Germany has accused Russia of carrying out a cyber-attack on its air traffic control systems and attempting to interfere in the country’s federal elections, prompting Berlin to summon the Russian ambassador. A German foreign ministry spokesman said Russian military intelligence was responsible for hacking office communications at Germany’s air navigation service provider in August 2024, while also running a disinformation campaign aimed at destabilising domestic politics ahead of the February elections.

According to German authorities, the attack has been linked to the Russian hacker group Fancy Bear, which is believed to operate under the GRU, Russia’s military intelligence service. Officials said intelligence findings confirmed GRU responsibility and accused Moscow of spreading fake videos alleging ballot manipulation, targeting senior political figures including Green Party leader Robert Habeck and CDU leader Friedrich Merz, now Germany’s chancellor. While the cyber-attack did not disrupt flights, Berlin said it was part of a broader effort to undermine democratic processes.

Russia has firmly denied the allegations, calling them baseless and “absurd”. However, Germany said it would coordinate with European partners to impose counter-measures and make Russia “pay a price” for what it described as hybrid warfare. The accusations come amid growing concern across Europe over suspected Russian cyber and disinformation campaigns since the invasion of Ukraine, which has significantly worsened relations between Berlin and Moscow.

Pic courtesy: google/ images are subject to copyright

featured News

Germany Faces Sharp Population Decline and Rapid Ageing, Says Statistics Office

By 134 0

Germany’s population is projected to shrink significantly over the coming decades, with the national statistics office warning that the country could lose nearly 10 million people by 2070. As the large baby boomer generation ages, Germany is expected to have one in four citizens over the age of 67 within the next decade. By 2038, around 21 million residents—27% of the population—will be of pension age.

This rapid demographic shift is worsening labour shortages across Europe’s largest economy, with businesses increasingly struggling to find workers. The trend is also fuelling political tensions, as debates over immigration intensify and support grows for the far-right Alternative for Germany (AfD), which has surged in many opinion polls amid concerns about social and economic pressures.

Germany’s welfare system is expected to come under mounting strain, with the ratio of pensioners to workers projected to rise sharply. Currently, there are 33 retirees for every 100 working-age individuals, but in the worst-case scenario that figure could climb to 61 by 2070—leaving fewer than two workers contributing for each pension recipient. Only two out of 27 scenarios envision population growth, and both rely on higher immigration and increased birth rates.

Pic courtesy: google/ images are subject to copyright

featured News

Zelensky to Hold High-Level Talks in London on Peace Proposals

By 105 0

Ukrainian President Volodymyr Zelensky is set to meet UK Prime Minister Sir Keir Starmer, along with French President Emmanuel Macron and German Chancellor Friedrich Merz, at Downing Street. The discussion comes amid a US-driven push for Ukraine to accept concessions in peace talks with Russia. The meeting follows negotiations in Florida, where Zelensky’s team pushed to amend a White House plan that Ukraine believes leans too heavily toward Russian demands.

The talks aim to ensure that any peace deal comes with strong security guarantees capable of deterring future Russian aggression. The UK and France have been spearheading efforts to build a “coalition of the willing” to support Ukraine’s long-term defence, though the role of a future reassurance force in Ukraine remains unclear. Some European countries, including Germany, have expressed reservations about deploying troops on Ukrainian soil, fearing escalation.

Key sticking points in the US-led peace initiative include Ukrainian troop withdrawal from contested eastern regions and the future of the Zaporizhzhia nuclear power plant, currently under Russian control. While US officials claim progress is being made, Russia shows little sign of compromise and continues to insist on retaining occupied territories and blocking Ukraine’s NATO ambitions. European leaders fear the proposed terms could prioritise a quick end to the war over long-term European security.

Pic courtesy: google/ images are subject to copyright