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Germany and France have agreed to end their ambitious joint project to develop a next-generation fighter jet after years of disagreements between key industry partners. German Chancellor Friedrich Merz and French President Emmanuel Macron concluded that there was little chance of resolving the deadlock between Airbus and Dassault Aviation, leading to the decision to scrap
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German automakers are losing momentum as global rivals gain ground, according to a new EY analysis. While major automotive groups worldwide posted a 2% increase in first-quarter revenue, German manufacturers recorded a 4% decline, reflecting growing challenges in key international markets. Industry experts point to a combination of factors behind the downturn, including
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Germany’s private sector activity has contracted for the second consecutive month in May, as the broader economic recovery faces severe headwinds from the ongoing war involving Iran. The HCOB flash Composite Purchasing Managers’ Index (PMI) for Germany, compiled by S&P Global, ticked up marginally to 48.6 from April’s 48.4, slightly beating analyst