GERMANY
German cache lands on I-T browser; data on over 1,000 Indians with Gulf homes sent Germany has provided India with a massive amount of data on properties in the UAE owned by Indians, potentially leading to tax evasion investigations. The info, exceeding the scale of the 2011 HSBC Swiss accounts data leak, has prompted notices from...
22 Nov, 2024, 05.38 PM ISTGerman GDP downgraded in new blow for struggling economy 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 ...
22 Nov, 2024, 03.35 PM ISTBosch to reduce hours for 450 employees due to tough economy 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...
21 Nov, 2024, 09.16 PM IST
Volkswagen union warns against plant closures, backs $1.6 billion cost cuts The proposal comes a day ahead of a third round of crunch talks between workers and management over pay cuts and factory shutdowns in Germany in the fiercest dispute in years at Europe's biggest automaker, which - like other German industrial giants...
20 Nov, 2024, 11.16 PM ISTFord to cut 4,000 jobs in Europe, cites disruptive shift to electric vehicles, economic headwinds Ford Motor Co. is cutting 4,000 jobs in Europe and the U.K. by the end of 2027 due to economic challenges, increased competition, and lower-than-expected electric vehicle sales. The majority of job losses will occur in Germany, with reduced working ...
20 Nov, 2024, 07.45 PM ISTIn high-wage Germany, Volkswagen's labour costs outstrip the competition Volkswagen faces pressure to reduce labor costs in Germany as they exceed those of rivals like BMW and Mercedes-Benz. While unions demand a 7% pay rise, the company, grappling with high production costs and competition from cheaper Chinese models, p...
20 Nov, 2024, 12.23 PM ISTGermany's defence minister says damage to 2 Baltic data cables appears to be sabotage Two undersea data cables in the Baltic Sea, including one connecting Finland to Germany, have been damaged in what German officials suspect is sabotage. While concrete evidence is lacking, the incident is being viewed as a potential act of hybrid wa...
19 Nov, 2024, 04.58 PM ISTManpower-short Germany ups skilled worker visas Germany will issue upwards of 10 percent more professional visas in 2024 after it relaxed some rules in a bid to tackle chronic labour shortages, the government said on Sunday. Following the adoption of a points-based system inspired by Canada, 200,...
17 Nov, 2024, 07.36 PM ISTGermany's Scholz urges Ukraine talks in first call with Putin since 2022 German Chancellor Olaf Scholz and Russian President Vladimir Putin discussed the war in Ukraine by phone. Scholz condemned Russia's aggression and urged Putin to withdraw troops and negotiate a lasting peace. Scholz reiterated Germany's support for ...
15 Nov, 2024, 09.13 PM ISTMurugappa to buy Germany's Hubergroup; acquisition at an enterprise value of $310 million Murugappa Group is set to acquire Hubergroup, a German specialty chemicals company, for $310 million. The deal, financed through debt refinancing and equity infusion, will expand Murugappa's presence in the global print and packaging sector. Hubergr...
15 Nov, 2024, 12.17 AM ISTProtecting democracy, adjusting taxes - which German coalition plans could survive? Germany's political parties are uniting to safeguard the Constitutional Court from potential threats posed by the far-left and far-right parties in the upcoming February election. Despite the recent collapse of the coalition government, parties are ...
13 Nov, 2024, 01.54 PM ISTCrisis-hit Germany headed for Feb 23 election: Source Germany will hold early elections on February 23. The decision comes after the collapse of the coalition government. The current Chancellor, Olaf Scholz, plans to run again. The conservative CDU party, currently leading in polls, supports the decisi...
13 Nov, 2024, 10.56 AM ISTDonald Trump, Germany's Scholz agree to work towards 'return to peace in Europe' US President-elect Donald Trump and German Chancellor Olaf Scholz discussed the German-American relationship and geopolitical challenges during a phone call. Scholz congratulated Trump on his election victory. They agreed to continue the cooperation...
11 Nov, 2024, 07.23 AM ISTIsrael moves forward on deploying Arrow-3 missile defence system in Germany in 2025 Israel and Germany are joining forces to deploy Israel's advanced Arrow-3 missile interception system on German soil by 2025. This move comes as part of Germany's efforts to bolster its defense capabilities in response to the ongoing conflict in Ukr...
10 Nov, 2024, 09.57 PM ISTGermany's Olaf Scholz fires his finance minister as his coalition collapses 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...
08 Nov, 2024, 12.32 AM ISTEurozone betters estimates, Germany dodges recession Growth in the 20-nation currency bloc quickened to 0.4%, while economists had predicted it would hold steady at 0.2%, as momentum in France accelerated and stayed strong in Spain. Germany's surprise 0.2% increase in gross domestic product caught ana...
30 Oct, 2024, 11.07 PM ISTGermany bets on India to reduce reliance on China German Chancellor Olaf Scholz is leading a delegation to New Delhi to enhance market access in India. This is part of Germany's strategy to reduce reliance on China. German firms see growth potential in India, despite investment hurdles. Trade betwe...
26 Oct, 2024, 02.35 PM ISTIndia lose 0-2 to Germany in first hockey Test The Indian hockey team, fresh off their Olympic bronze win, lost 0-2 to Germany in the first Test of a two-match series. The match was held on Wednesday at the Major Dhyan Chand National Stadium. Germany, the reigning Olympic silver-medallists, fiel...
23 Oct, 2024, 05.53 PM IST1972 was last time I played in Delhi: Hockey legends reminisce as sport returns to national capital Indian hockey legends Harbinder Singh and Zafar Iqbal shared their memories of playing in Delhi as the Indian men's hockey team prepares to face Germany at the Major Dhyan Chand National Stadium. This marks the return of international hockey to New ...
29 Sep, 2024, 09.50 AM ISTHockey: India to host Germany for two-match series in New Delhi next month The Indian men's hockey team will face Germany in a two-match series at the Major Dhyan Chand National Stadium on October 23 and 24. This event marks their first encounter since the Paris Olympics semi-final. Hockey India President Dilip Tirkey high...
24 Sep, 2024, 02.17 PM IST