Hapag-Lloyd and CMA CGM Suspend Cuba Transport Due to US Sanctions
The shipping companies Hapag-Lloyd and CMA CGM have suspended all bookings to and from Cuba due to new US sanctions imposed on May 1.
Category Economy
Economic news on companies, work, consumer issues, markets and developments in Germany and Europe.
Mobile Phone Prices in Europe: Where Are They the Cheapest?
Mobile phone prices in Europe vary significantly in 2026, with Poland offering the lowest rates between 5 and 9 euros.
Five Reforms for Germany’s Economic Future
The German government faces pressure to implement bold reforms to tackle economic challenges. According to Handelsblatt, a reform package with five key points could strengthen Germany's economic position.
US Allows Exception from Sanctions on Russian Oil to Expire
The United States has decided to let the exception from sanctions on Russian oil expire amid rising energy prices influenced by the Iran war.
Wall Street Kevin Warsh Before Taking Office as Fed Chair
Wall Street begins testing Kevin Warsh ahead of his official start as head of the Federal Reserve, with U.S. bond yields rising sharply.
Public Transport: Minister Schnieder Faces Growing Pressure
Transport Minister Patrick Schnieder is increasingly under fire as passenger representatives and public transport companies express dissatisfaction.
Classic Cars: Where the Combustion Engine is Still Celebrated
The Berlin Classic Days attract thousands of classic car enthusiasts to Kurfürstendamm, showcasing historic vehicles. Despite the climate crisis and rising fuel prices, the passion for classic cars remains unbroken, as reported by Zeit.
Greece’s Deputy Prime Minister Kostis Hatzidakis Travels to Germany
On Monday, Greek Deputy Prime Minister Kostis Hatzidakis arrives in Berlin to discuss Greece's economic successes. According to Handelsblatt, the gross domestic product (GDP) grew by 2.1 percent last year.
German Railways: CEO Announces Turnaround After Billion-Euro Losses
Under the leadership of Evelyn Palla, Deutsche Bahn aims to achieve profitability after years of losses.
Distribution Envy: Zero-Sum Thinking Shapes Political Debate
Harvard economist Stefanie Stantcheva reveals that an increasing number of people view societal issues as a distribution battle, particularly among younger generations, influencing political discourse.
Energy Transition at Sea: Nuclear-Powered Merchant Ships?
The U.S. government has launched an initiative to develop small modular reactors for commercial shipping, responding to pressure to reduce CO₂ emissions.
Samsung Faces Largest Strike in Company History
A looming strike at Samsung Electronics could exacerbate global semiconductor supply shortages and cost billions.
Inflation in Germany: Consumers Save and Change Shopping Behavior
Inflation in Germany is approaching the three percent mark, prompting changes in consumer shopping habits. Many are cutting back on restaurant visits and mobility, according to Tagesschau.
Katherina Reiche on the PCK Refinery and Its GDR Past
Katherina Reiche, CEO of Westenergie AG, visited the PCK refinery in Schwedt, which produces e-kerosene. In an interview, she reflects on her childhood in the GDR and the current political situation in Germany.
Archion: New Truck Manufacturer Aims to Triple Profit Margin
Archion, the new truck manufacturer, plans to increase its profit margin to over ten percent and is focusing on strong growth.
What is the state of the German economy under Chancellor Merz?
The German economy shows a mixed picture under Chancellor Friedrich Merz (CDU) with low growth and rising prices. Despite unexpected growth in the first quarter of 2026, the outlook for the rest of the year is bleak.
Justice Minister Hubig Plans Measures Against Ticket Scalping
Federal Justice Minister Stefanie Hubig aims to tackle inflated prices on the secondary ticket market following an open letter from artists and event companies.
Tank manufacturer KNDS plans IPO without federal government
The tank manufacturer KNDS aims to advance its IPO independently of the federal government.
Food Prices Rise: Consumers Quietly Accept Price Increases
A report reveals that consumers are silently accepting high food prices while drivers protest against gasoline costs. This discrepancy raises questions about societal reactions to price hikes.
German Government Expects Significant Economic Decline
The German government has lowered its growth forecast for 2026 to 0.5 percent due to rising energy prices stemming from the Middle East conflict.
Energy Transition: Company Suffers from Power Shutdowns
The energy transition poses challenges for businesses when self-generated electricity cannot be utilized.
Uniper tests renovation of the Loisach-Isar Canal near Wolfratshausen
Uniper has begun a test run to renovate the Loisach-Isar Canal to prevent water leaks using bentonite.
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.
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.