Germany’s construction sector has warned that its long-running downturn is far from over, as rising energy and raw material costs continue to weigh on businesses. Industry leaders say a hoped-for recovery has been weakened by a new wave of price increases linked to geopolitical tensions in the Middle East. Marcus Nachbauer, chairman of Germany’s main […]
German Chancellor Olaf Scholz has announced that his coalition reached an agreement on the budget following a month of crisis talks. The decision comes after Germany’s constitutional court declared next year’s budget illegal for violating laws on new borrowing. The government plans to adhere to low deficit commitments by cutting certain green subsidies,

