German Minister Blames Trump Iran Policy for Economic Slowdown and Tax Revenue Drop

By admin May 8, 2026 No comment

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Germany’s finance minister Lars Klingbeil has blamed former US President Donald Trump’s “irresponsible war in Iran” for a sharp decline in Germany’s expected tax revenues. Speaking in Berlin, he said the conflict had triggered a “global energy shock,” contributing to weaker economic performance. German authorities have cut projected tax revenues for 2026–2030 by about €70

Commerzbank to Cut 3,000 Jobs as It Resists UniCredit Takeover Push

By admin May 8, 2026 No comment

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Commerzbank announced plans to cut 3,000 jobs and raise its long-term profit targets as it fights to remain independent amid a takeover attempt by Italy’s UniCredit. The German bank said the restructuring would strengthen revenue and profitability by 2028, while criticizing UniCredit’s €37 billion takeover proposal as unclear and risky. Commerzbank also expects around €450

German Tourist Awarded Compensation After Losing Hotel Sunbed Battle

By admin May 7, 2026 No comment

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A German tourist has won compensation of more than €900 after taking legal action over the inability to secure sun loungers during a family holiday in Greece. The man, who vacationed with his wife and two children on the island of Kos in 2024, argued that hotel guests routinely reserved sunbeds with towels early in […]

Rheinmetall Seeks €12 Billion to Take Over German Warship Project

By admin May 6, 2026 No comment

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German defense company Rheinmetall is seeking around €12 billion from the government to take control of the troubled F126 frigate programme, according to reports. The proposed deal would significantly raise the total cost of building six warships to nearly €14 billion, reflecting delays and rising expenses in the project. The company’s naval division has reportedly […]

German Police Crack Down on Neo-Nazi Youth Groups

By admin May 6, 2026 No comment

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German police have carried out coordinated raids across the country targeting suspected members of far-right criminal youth groups. More than 600 officers searched around 50 properties in 12 states, including Bavaria, Berlin, Brandenburg, and Saxony. The operation focused on individuals linked to emerging extremist networks, though no arrests were made during the raids.

Audi Warns US Tariffs Could Hit SUV Launch and Profits

By admin May 5, 2026 No comment

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Audi has warned that a potential U.S. tariff increase on European car imports could have a “significant” impact on its business as it prepares to launch its largest SUV in the American market this summer. The proposed 25% tariff, threatened by U.S. President Donald Trump, would particularly affect models like the Audi Q9, which is […]

Car Ramming in Leipzig Leaves Two Dead, Dozens Injured

By admin May 5, 2026 No comment

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A tragic incident unfolded in Leipzig, where a car drove into a crowd in the busy Grimmaische Straße area on Monday afternoon, leaving two people dead and at least 22 others injured. Authorities confirmed that three victims are in serious condition. Emergency services quickly responded as chaos spread through the central shopping district following the […]

Germany Calls for Stronger European Defence After U.S. Troop Cut

By admin May 2, 2026 No comment

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Boris Pistorius has urged Europe to take greater responsibility for its own security after the Pentagon announced plans to withdraw 5,000 troops from Germany. The move comes amid rising tensions between the United States and its European allies over issues including the Iran conflict and trade disputes, further straining transatlantic relations. Pistorius said the

Stranded Whale Rescued and Towed Toward North Sea

By admin April 30, 2026 No comment

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A humpback whale stranded for over five weeks in shallow waters off Germany’s Baltic coast has been successfully moved using a specially adapted barge. The animal was coaxed into the water-filled vessel and is now being transported out of German waters toward the North Sea. The rescue effort drew widespread attention after earlier attempts to […]

German Economy Grows but Jobless Rate Crosses 3 Million

By admin April 30, 2026 No comment

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Germany’s economy expanded more than expected in the first quarter of 2026, with gross domestic product rising by 0.3%, surpassing forecasts of 0.2%. The growth was mainly driven by stronger household consumption, increased government spending, and a rise in exports. However, the previous quarter’s growth was revised slightly downward, reflecting ongoing economic