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Germany builds new gas terminals to succeed Russian pipelines

Germany's most strategically important building site is at the end of a windswept pier on the North Sea coast, where workers are assembling the country's first terminal for the import of liquefied natural gas (LNG).

Germany can 'survive' winter despite energy turmoil: Scholz

German Chancellor Olaf Scholz voiced confidence Wednesday that Germany was well prepared to "survive" the winter despite turmoil in the energy markets in the wake of Russia's military operation in Ukraine.

Lufthansa to make pilots new offer in wage dispute as union plans strike

German airline Lufthansa said it would make an improved offer to pilots on Tuesday in a bid to stop an escalation of a wage dispute after the union said it would go on strike again this week.

Germany agrees 65b-euro inflation relief package

The German government on Sunday agreed a 65-billion-euro ($65-billion) plan to ease the pressure on households as Russian gas supplies dwindle and energy bills soar, according to a policy paper seen by AFP.

German inflation hits nearly 50-year high in August

German inflation rose to its highest level in almost 50 years in August, beating a previous high set only three months earlier, as energy prices drove up inflation, data showed on Tuesday.

Germany signs deal to give ownership of Benin Bronzes to Nigeria

Germany signed an agreement to transfer ownership to Nigeria of the Benin Bronzes, among Africa’s most culturally significant artefacts which were looted in the 19th century.

Germany prioritises fuel cargo on rails over energy crunch

Germany on Wednesday agreed to give coal and oil cargo precedence over passenger travel on railways in case of an energy crunch this winter due to a Russian gas squeeze.

France unexpectedly joins Germany with shrinking economy

French output is contracting for the first time in a year and a half, mirroring the trend seen in Germany as Europe’s biggest economies succumb to record inflation and increasing uncertainty from the war in Ukraine.

Germany reaches 75% gas stocks target ahead of schedule

German gas storage facilities were slightly more than 75% full last Friday, a couple of weeks ahead of target, data from European operators group GIE showed on Sunday.

Germany plans inflation relief tax package worth 10b euros

Germany will offer tax relief worth 10 billion euros to help workers cope with soaring inflation, Finance Minister Christian Lindner said Wednesday.

Trade war with China could cost Germany six times as much as Brexit: Study

Germany would face costs almost six times as high as Brexit if it and the European Union were to shut China out of their economies, the Ifo Institute said on Monday, citing the results of a study.

Iran summons German envoy over desecration of Holy Qur'an in Hamburg

International Desk

German retail sales post biggest year-on-year slump since 1994

German retailers ended the first half of 2022 with the sharpest year-on-year sales drop in nearly three decades, as inflation, Russia’s military operation in Ukraine and the coronavirus pandemic take their toll, data showed on Monday.

Germany argues over nuclear shutdown amid gas supply worries

Rising concern over the impact of a potential Russian gas cutoff is fueling the debate in Germany over whether the country should switch off its last three nuclear power plants as planned at the end of this year.

German companies say ready to work with Iranian automakers

Chairman of the Federal Association for Economic Development and Foreign Trade (BWA) said that German companies are ready to work with Iranian automakers to improve quality and throughput.