Monday , June 18 2018
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Germany

Are German cars American enough?

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At first there were just hints that Germans export too many cars to the US and thereby destroy jobs. Manufactures countered that many German branded vehicles are actually assembled in American plants. Now even this answer has been swept off the table by Peter Navarro, an assistant to the American president for trade and manufacturing policy, in an opinion piece ... Read More »

Business mogul has plans for thriving Danish-German trade in southern Denmark

For første gang i verden uddeles CSR-Awards (Corporate Social Responsibility), og begivenheden finder sted på Alsion i Sønderborg torsdag aften d. 29 september 2011. Her er det Jørgen Mads Clausen, Danfoss på talerstolen. (Foto: Henning Bagger/Scanpix 2011)

With his vision of Digital Valley, a digital powerhouse spanning across southern Denmark and northern Germany, businessman and chairman of the board of Danfoss Jørgen Mads Clausen intends to create cross-border cooperation. Clausen argued at business conference DI South Jutland last month that growth and development across the borders between the two countries was “not working”, writes dibusiness.dk. When the ... Read More »

Germany’s AfD calls for parliamentary inquiry into Merkel’s migrant policy

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BERLIN: The far-right Alternative for Germany (AfD) party called on Thursday for a parliamentary inquiry into Chancellor Angela Merkel’s migrant policy amid a scandal over irregular asylum rulings during an influx of more than 1.6 million migrants. The wave of migrants since 2014, many of them Muslims fleeing Middle East conflict, raised concerns about security and integration and helped push ... Read More »

Dozens of refugees, police clash in German city of Dresden

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Two police officers and a security guard were injured when fighting broke out at a migrant reception center in the eastern city of Dresden. There are a growing number of standoffs between asylum seekers and authorities. Around 50 refugees attacked police after they attempted to stop a fight at a migrant center, authorities in the eastern German city of Dresden ... Read More »

Russia-Germany business ties remain solid despite sanctions – German trade lobby

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German firms continue investing in the Russian economy despite facing barriers from economic sanctions against Russia, the head of the German business lobby told RT at the St. Petersburg International Economic Forum (SPIEF). “The foundations of German and Russian economic relations are solid even in the time of sanctions and low oil and gas prices. Last year, we saw high ... Read More »

Boris Johnson joins US in criticising Russia to Germany gas pipeline

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The UK foreign secretary, Boris Johnson, has joined the US in condemning “divisive” German plans to press ahead with the construction of the Nord Stream 2 gas pipeline from Russia to Germany, arguing it could leave European energy consumers heavily dependent on “a malign Russian state”. The giant pipeline, and the terms on which it is built, has become the ... Read More »

Germany accounts for 30pct of Dutch steel exports

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BERLIN: Germany, the next largest steel purchasing countries are Belgium (12%), France (9%), the United Kingdom (8%) and the United States (6%). In 2017, steel exports to the US amounted to 570 million euros. Not all steel that is exported by the Netherlands is produced locally. A large share is initially imported and, possibly after some processing, leaves the country ... Read More »

Germany Brushes Aside US Objection to Russia Gas Pipeline Link

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Germany brushed aside U.S. concerns about a major natural gas pipeline that will deliver Russian gas to Europe, suggesting President Donald Trump’s administration appears to be protecting its own interests. German Economy Minister Peter Altmaier defended the planned Nord Stream 2 pipeline as Chancellor Angela Merkel meets President Vladimir Putin in Russia. Yesterday, the U.S. warned it may impose sanctions ... Read More »

Germany moves slowly on returning museum exhibits to ex-colonies

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Berlin’s longest-standing African is 13 metres tall and carries in his bones the wisdom of 150m years. The skeleton of the Brachiosaurus brancai, the star of the city’s natural history museum, was dug up by a German paleontologist between 1909 and 1913 in Tanzania, then part of the German empire’s largest colony. When the French president, Emmanuel Macron, announced last ... Read More »

Crime rate in Germany at lowest level in 30 years, but antisemitism is on the rise

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The German crime rate has fallen by five per cent since last year, hitting its lowest rate since 1992. The new government figures show that 5.76 million crimes were reported in 2017. As a percentage of the population, crime is now at its lowest level for 30 years. “Germany has become safer,” Interior Minister Horst Seehofer said on Tuesday, as ... Read More »

Germany: Pedestrians injured in illegal road race crash

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A street-racing car crashed into a traffic light post, sending car parts flying and injuring five people. Two of those seriously injured were children. A dramatic crash took place in the German city of Essen evening, when the drivers of a Mercedes-Benz and a BMW took part in an illegal street race near a busy downtown shopping area. German newspaper ... Read More »

Europol-sought mafiosi arrested in Germany in joint search

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A “dangerous” Sicilian mafia fugitive has been caught near Darmstadt in a joint sweep involving German and Italian police. Europol says the arrest of Nicola Amoroso stemmed from its new tracing project “Eurosearch.” Amoroso was arrested Monday in Biebesheim, a 7,000-resident Rhine river town, relatively close to Frankfurt Airport and Darmstadt city in Germany’s central state of Hesse, German and ... Read More »

Foreigners in eastern Germany are fewer in number but better educated

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Compared to the west of the country, fewer and more highly educated non-Germans live in eastern Germany, an intergovernmental economic organization has found. Despite non-Germans in the east being better educated than in the west, newcomers are also less accepted in Germany’s eastern federal states, according to the Organisation for Economic Cooperation and Development (OECD). “While only one in two ... Read More »

Germans taxed at second-highest rate among developed countries

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BERLIN: The two countries once again finished in first and second place in the annual Organization for Economic Cooperation and Development reporton tax burdens. In 2017, the average unmarried German worker with no children paid 39.9 percent in personal income tax and social security contributions after any state benefits, just 0.6 percent behind their Belgian counterpart. Denmark followed in third place, ... Read More »

Germany’s tax burden second-highest among rich countries

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BERLIN: Germany has the second-highest tax burden for single earners among high-income countries, the Organization for Economic Co-operation and Development (OECD) said on Thursday. The news has come amid a large budget surplus in Germany and no plans under the new coalition government to drastically change personal income taxes. Democrats, which formed a new government in March, have not planned major changes to Germany’s ... Read More »

Germany takes 30% of Dutch steel production total exports reach €9bn

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BERLIN: Germany is by far the biggest customer for Dutch-made steel, buying up about 30% of total domestic production in 2017, the statistics office CBS said on Thursday. Belgium is second with 12% of production, followed by France at 9%, Britain at 8% and the US at 6%. Dutch steel exports to the US were worth €570m in 2017, the ... Read More »

Sliver of Germany’s mighty gold stash goes on show first time

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BERLIN: Germany’s central bank, the Bundesbank, has opened an exhibition of its hefty gold reserves after recalling half of its bullion from foreign vaults. Worth €117 billion and weighing in at 3,400 tonnes, Germany’s stockpile is the world’s second largest after the US, and some of it is now on display at the Money Museum in Frankfurt, the country’s financial ... Read More »

German government confirms plan to add LNG infrastructure

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BERLIN: Germany’s new government plans to add LNG infrastructure with the planned import terminal at Brunsbuttel the most likely project as the cleaner fuel will become key to reducing shipping emissions, the economy and energy ministry said in a statement. Germany’s new maritime policy coordinator Norbert Brackmann and the state minister for Schleswig-Holstein Daniel Guenther will visit the GATE LNG ... Read More »

Germany investor morale tumbles as trade war worries grow

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BERLIN: The reasons for this downturn in expectations can mainly be found in the international trade conflict with the United States and the current situation in the Syrian war,” ZEW President Achim Wambach said. “The significant decline in production, exports and retail sales in Germany in the first quarter of 2018 is also having a negative effect.” A separate gauge ... Read More »

German customs authority stretched to the limit

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BERLIN: Germany’s customs authority is so understaffed that it’s at risk of failing to fulfill core tasks that include combating money laundering, insiders say. It has 40,000 staff but needs 3,500 more, the head of its trade union, Dieter Dewes, told Handelsblatt. “I see a risk that it won’t be able to do its job because of the staff shortage,” ... Read More »