Tag Archives: German

Top German Journalist Admits To Faking Stories For Years

Claas Relotius was named German Reporter of the Year for a story about a young Syrian boy this month Frankfurt am Main, Germany:  Germany’s respected news weekly Der Spiegel stunned the media world on Wednesday by revealing that one of its award-winning reporters had for years falsified stories. Claas Relotius “made up stories and invented protagonists” in at… Read More »

German factory growth climbs to six-year high in May, PMI shows

German factories fired on all cylinders in May with output growing at the strongest pace in more than six years, a survey showed on Thursday, suggesting manufacturing will boost overall growth in Europe’s biggest economy in the second quarter. Markit’s Purchasing Managers’ Index (PMI) for manufacturing, which accounts for about a fifth of the German economy, jumped to… Read More »

German leaders step up attacks on Trump

On Monday Mrs Merkel said it was right not to gloss over differences with the US, while her foreign minister said Mr Trump’s actions “weakened the West”. It comes days after the G7 summit, where Mr Trump refused to commit to the 2015 Paris climate deal. Germany goes to the polls in September. German opposition leader Martin Schulz… Read More »

Tesla explains cancelled order with German supplier SHW

Electric car maker Tesla Motors Inc (TSLA.O) said it cancelled a large order with Germany’s SHW (SW1.DE) because the supplier failed to meet its contractual obligations and Tesla did not want to put the production of its new Model 3 sedan at risk. Tesla boss Elon Musk has warned in the past he would fire suppliers and reorganise… Read More »

German economy slows in third quarter

Germany’s economic growth slowed in the third quarter of the year, dented by weaker exports, figures have shown. Europe’s largest economy grew by 0.2% between July and September, half the 0.4% rate seen in the previous three months. This was slower than economists had expected and well below the 0.7% rate recorded in the first quarter. “The development… Read More »

German economy expecting golden autumn, says Ifo head

German business confidence has rebounded to a two-year high in September, according to the closely-watched Ifo survey. The index, which measures the morale of some 7,000 firms, rose to 109.5, from an upwardly-revised 106.3 in August. “The German economy is expecting a golden autumn,” said Ifo head Clemens Fuest. In August, confidence plunged sharply in the wake of… Read More »

HSBC considers hiking capital of its German unit: exec

HSBC (HSBA.L) is considering hiking the capital of its German unit as it seeks to expand in Europe’s largest economy, according to the head of HSBC Trinkaus (TUBG.D), which is 81-percent owned by the British bank. “If we wants to continue to grow we needs more capital,” Carola von Schmettow said in remarks set for release on Thursday.… Read More »

German exports fall in July after global demand weakens

German exports fell sharply in July, posting their steepest drop in nearly a year, after the country’s goods saw lower global demand. Seasonally adjusted exports fell 2.6% compared with the month before, the biggest monthly drop since August 2015. The figures from Destatis followed economic data that painted a gloomy picture for German manufacturing. Industrial orders barely rose… Read More »