GERMANY ECONOMY NEWS

Germany's third-quarter growth was revised down to a weaker-than-expected 0.1%, narrowly avoiding a recession. The country faces challenges including weak exports, declining manufacturing, and political uncertainty, making it lag behind other major ...

Robert Bosch will cut working hours for 450 employees in Germany starting next spring. The company cites a difficult economic situation. Affected employees will move to a 35-hour workweek. This decision impacts locations primarily in Stuttgart and G...

The euro has tumbled to one-year lows against the dollar, fueled by fears of U.S. tariffs hurting the eurozone economy. While some analysts believe the euro could reach parity with the dollar, others see potential for a rebound, citing factors like ...

German Chancellor Olaf Scholz has announced the dismissal of Finance Minister Christian Lindner, citing a breach of trust and irreconcilable economic policy differences. The move effectively dissolves the ruling coalition and paves the way for a pot...

Germany's coalition government collapsed after Chancellor Olaf Scholz fired his finance minister. Other ministers resigned, but one later decided to stay. Scholz will seek a vote of confidence, which could lead to an early election. The opposition i...

A conversation between Union Commerce Minister Piyush Goyal and German Economy Minister Robert Habeck is gaining attention online. Goyal criticized the purchase of German tunnel boring machines made in China, suggesting that India should stop buying...

German Chancellor Olaf Scholz aims to strengthen defence partnerships with India, reducing reliance on Russia. Scholz's visit to New Delhi also seeks increased collaboration in defence and trade, with Germany participating in India's submarine proje...

External Affairs Minister S Jaishankar highlighted Goldman Sachs's prediction that India will become the third-largest economy by 2030 and a USD 52.5 trillion economy by 2075. He emphasized the growing importance of Indian talent in technology, AI, ...

Chancellor Olaf Scholz emphasizes the need for Germany to attract skilled workers to offset an aging workforce and stimulate economic growth. Despite economic challenges, employment among migrants has increased. Scholz promotes new immigration laws ...

External Affairs Minister S Jaishankar emphasized that the Ukraine conflict cannot be resolved on the battlefield and called for negotiations between Russia and Ukraine. He reiterated India's willingness to offer advice if needed. Russian President ...

Volkswagen is considering closing two factories in Germany amid rising competition from Asian carmakers. This marks a significant clash between CEO Oliver Blume and unions. The planned closures are part of a cost-cutting drive aimed at saving 10 bil...

Germany faces challenges in balancing the need for skilled migrants to fill workforce gaps with rising public discomfort about immigration. Violent crimes allegedly committed by foreigners are fueling support for the far-right AfD party. The governm...

In 2023-24, India’s exports to Bangladesh were higher than many of the world’s leading economies like Japan, Germany and France. However, the ongoing socio-political turmoil has impacted economic activities in Bangladesh and is very likely to advers...

The German government has dramatically reduced the processing time for long-term visas for Indian skilled workers, from nine months to just two weeks. This change, confirmed by Foreign Minister Annalena Baerbock, aims to address labor shortages by e...

Between January and June this year, Germany issued 80,000 employment visas, with 40,000 granted to skilled workers, reflecting a 3,000 increase from the same period in 2023, according to Schengen News. This rise in visa issuance is linked to Germany...

Germany, Europe's largest economy, will ban Huawei and ZTE 5G core network components by 2026 and critical systems by 2029, according to Interior Minister Faeser's March declaration. Chancellor Scholz views China as a systemic rival, encouraging cli...

The German government, led by Chancellor Olaf Scholz, reached an agreement on Friday regarding the 2025 budget and a stimulus package for the country's economy. This resolution concluded a prolonged dispute within Scholz's center-left coalition invo...

Arvind Panagariya, Chairman of the 16th Finance Commission, predicts that India could become the world's third-largest economy by 2027-28 if it sustains its growth trajectory of the past two decades. He notes that extreme poverty, which currently af...

Germany is facing a severe labor shortage and an aging population, with estimates suggesting a deficit of 7 million skilled workers by 2035. The country currently has around 700,000 unfilled job vacancies, leading to a decline in economic growth pot...