Resistance Against Data Centers Hinders Billion-Euro Projects
Growing opposition to data center construction in Germany threatens billion-euro projects and puts pressure on the industry.
Category Economy
Economic news on companies, work, consumer issues, markets and developments in Germany and Europe.
Live Blog: Dow Surpasses 50,000 Points Thanks to AI Hype
The Dow Jones has surpassed the 50,000-point mark, while the S&P 500 and Nasdaq reach new records.
British Economy Records Surprise Growth of 0.3 Percent
The UK economy unexpectedly grew by 0.3 percent in March 2026, surpassing economists' forecasts of a 0.2 percent contraction, according to The Guardian.
Inflation in Germany rises again to 2.9 percent
The inflation rate in Germany reached 2.9 percent in April 2023, marking the highest level in two years, driven by high fuel prices and rising energy costs.
Automotive Industry Anticipates 225,000 Job Cuts by 2035
The automotive sector warns of greater job losses than previously expected, with up to 225,000 positions at risk, primarily among suppliers.
Playmobil Reports Revenue Decline in Fiscal Year 2024/2025
The Horst Brandstätter Group, manufacturer of Playmobil, has reported a revenue decline to 409 million euros for the fiscal year 2024/2025, according to Tagesspiegel.
Eon Acquires British Provider Ovo to Achieve Market Leadership
Eon has acquired the British provider Ovo and aims to become the market leader in the UK energy sector.
German Government Slows Down KNDS IPO Plans
The German government aims to participate in the IPO of Leopard tank manufacturer KNDS, but disagreements have arisen.
macOS warns of malware: ChatGPT and Codex affected
Users of macOS are currently receiving malware warnings for older versions of ChatGPT and Codex due to a security incident at OpenAI.
Fuel Prices: German Government Plans Relief Measures
The German government has approved a fuel discount package to reduce high fuel prices. According to BR, the discount of nearly 17 cents per liter will be granted for two months.
ifo Business Climate Index: Travel Providers Report Weaker Demand
The German travel industry is facing weaker demand due to a kerosene shortage and rising inflation, as reported by Zeit.
Interest Rates for Daily and Fixed Deposits Rise Above Three Percent
According to Süddeutsche Zeitung, interest rates for daily and fixed deposits have significantly increased, allowing savers to benefit from offers exceeding three percent.
Oliver Zipse leaves BMW – criticism of his strategy grows
Oliver Zipse has departed from BMW amid shareholder dissatisfaction with his direction. His exit is overshadowed by technical issues during the virtual annual meeting, as reported by Elt.
VinFast VF6: Compact Hatchback with Room for Improvement in Test
The VinFast VF6 impresses with numerous extras but also has some weaknesses highlighted in the test report.
India Battles Inflation and Energy Prices
India's retail inflation rose to 3.48% in April 2023, driven by higher food prices and energy costs, as reported by Deutsche Welle.
Data Security: Google and Telekom End Collaboration on Cloud Project
The Deutsche Telekom and Google have reportedly ended their collaboration on a sovereign cloud for Germany. The project, launched in 2021, is now facing termination.
Oil Prices Fall Ahead of Summit Between Trump and Xi in China
Oil prices are declining as Trump and Xi prepare to discuss key issues like Iran in China.
Heating Law: Federal Government Reforms Building Energy Law
The Federal Government has passed a reform of the heating law that delays the gradual replacement of oil and gas boilers, allowing homeowners more choice.
Artificial Intelligence Fundamentally Changes Cybersecurity
The FAZ reports that software vulnerabilities have long been tolerated due to their complexity and cost to exploit. Artificial intelligence now compels companies to address these legacy issues more swiftly.
Porsche SE Reports Significant Loss Due to VW Write-Down
Porsche SE has reported a loss of €923 million in the first quarter of 2026, caused by a substantial write-down on its Volkswagen stake.
Tui feels the impact of the Iran war – travelers hesitate
The travel company Tui reports a change in travel behavior due to the Iran war, with many vacationers booking last minute and favoring destinations in the western Mediterranean.
Siemens Reports Billion-Euro Profits Despite Decline in Earnings
Siemens experienced an 8 percent drop in profits in the second quarter, yet maintained stable revenue and increased order intake.
Federal Company Negotiates LNG Deliveries with Putin Associate
A federal company has held talks in 2023 with an associate of Vladimir Putin regarding the resumption of LNG deliveries, according to research by NDR.
Data Spaces as the Key to Industrial Intelligence
Data spaces could pave the way for collaborative intelligence in industry. Access to specific data is crucial for the success of industrial AI, according to FAZ.
Chocolate prices could drop due to better cocoa harvest
Consumers in Germany may hope for lower chocolate prices, but reductions are expected to be slow.
Tickets for S-Bahn and regional trains soon available via Google Maps
Deutsche Bahn and Google have announced a partnership that simplifies ticket purchasing for regional trains and S-Bahn services. Starting now, passengers can buy their tickets directly through Google Maps.
Vonovia Irritates British Investor After Abrupt Analyst Call
The abrupt ending of Vonovia's analyst conference has caused discontent among British investors and raised questions.
Dussmann Group Reports Record Revenue and Continues to Grow
The Dussmann Group increased its revenue by 3.8 percent to 3.4 billion euros in 2025, showcasing its resilience in challenging times.
Warken defends billion-euro savings as a necessary burden
Federal Health Minister Nina Warken defended her planned savings to relieve statutory health insurance on Tuesday in Hanover, calling the measures a necessary burden to prevent system collapse.
Mäc Geiz files for insolvency – branches at risk
The non-food discount retailer Mäc Geiz has filed for insolvency under self-administration at the Halle (Saale) District Court.
Diesel prices at Shell stations unexpectedly lowered
Drivers in North Rhine-Westphalia experienced a surprising drop in diesel prices, which, however, was short-lived.
Bafin warns of risky real estate loans and cyber threats
The Federal Financial Supervisory Authority (Bafin) highlights increased risks associated with real estate loans and growing cyber threats to consumers and banks.
Jens Spahn calls for a blanket five percent cut in all subsidies
Union faction leader Jens Spahn (CDU) proposes reducing all subsidies and tax benefits by five percent to help finance a tax reform.
EU Commission Reform to Strengthen Drug Production in Europe
The EU Commission has introduced new rules aimed at boosting drug production in Europe to combat shortages of essential medications.
Gas Storage Operators Warn of Supply Shortages in Winter 2026/27
German gas storage facilities are unusually low at the start of summer. The Initiative Energy Storage (Ines) warns of potential gas shortages in winter 2026/27 if temperatures drop similarly to 2010.
Gas Storage in Germany: Warning of Gas Shortage in Winter 2026/2027
The industry association Initiative Energien Speichern (Ines) warns of a potential gas shortage in Germany during winter 2026/2027. Gas storage is currently only 26 percent full, which could lead to supply shortages in extremely cold temperatures.
Chip stocks cool off in Asia as oil prices rise
Oil prices are rising in Asia due to dwindling hopes for de-escalation in the Iran conflict, while chip stocks come under pressure after a decline in the South Korean market.
US imposes new sanctions against Iranian oil suppliers
The US government has imposed new sanctions on three individuals and nine companies from Hong Kong, the United Arab Emirates, and Oman. These measures aim to curb Iran's support for oil exports to China.
Microsoft Windows 11 Migration with AI Push and Discount Campaigns
Microsoft is driving the transition to Windows 11 with aggressive price cuts and new AI tools. According to Borncity, the software giant plans extensive changes to bring users to the new operating system.
Market Concentration on US Stock Exchange Remains High
Market concentration on the US stock exchange continues to exceed long-term averages, according to Reuters. Five technology stocks dominate the market and significantly influence its development.