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German economy shrank by 0.1% in Q2, statistics office confirms

Finance
BERLIN (Reuters) -The German economy shrank by 0.1% in the second quarter of 2024 compared with the previous three-month period, the statistics office reported on Tuesday, confirming preliminary data."After the slight increase in the previous...

Ukraine’s Foreign Ministry says reports on Germany halting military aid are ‘manipulation’

Finance
Support independent journalism in Ukraine. Join us in this fight. ...

German investment in China soars despite Berlin’s diversification drive

Finance
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.German direct investment into China...

Germany slashes Ukraine funding in savings push – POLITICO

Finance
"The aim is to make $50 billion available this year, Ukraine can then decide for itself how to use them," he added, referring...

German coalition passes 2025 budget after months of wrangling

Finance
By Maria MartinezBERLIN (Reuters) -The German cabinet passed its 2025 budget on Wednesday after months of wrangling, even though a 17 billion euro...

Germany to slash military aid budget in blow to Ukraine

Finance
A view of damaged building amidst rubble after the Russian missile attack in Myrnohrad, Donetsk Oblast, Ukraine on July 16, 2024.Jose Colon |...

Germany to halve military aid to Ukraine despite Trump remarks

Finance
Germany plans to halve its military aid to Ukraine next year, despite concerns that U.S. support for Kyiv could potentially diminish if Republican...

Isolated Germany fears a second Trump term

Finance
At the German foreign ministry, diplomats are scrambling to prepare for a scenario that many had long thought implausible: Donald Trump’s return to...

German software giant SAP to cut up to 10,000 jobs, Q2 revenue up 10%

Finance
German software giant SAP is expanding its workforce reduction plan due to the willingness of many employees to accept redundancy.Instead of the previously...

Deal on Brazil plan to tax super-rich off the table at G20, German sources say

Finance
By Maria MartinezBERLIN (Reuters) - An agreement on Brazil's proposal to tax the super-rich remains off the table as officials from the Group...

German, French companies less hopeful over economic recovery

Finance
By Francesco Canepa and Maria MartinezFRANKFURT/BERLIN (Reuters) - Companies in the euro zone's two largest economies are growing more pessimistic, surveys showed on...

Explainer-How Germany’s hydrogen economy could transform energy use

Finance
By Vera EckertFRANKFURT (Reuters) - German utility EnBW this week pledged 1 billion euros ($1.08 billion) to build pipelines to carry clean hydrogen...

Germany Wants to Lower Tax for Newly Arrived Foreign Skilled Workers

Finance
In an attempt to attract more foreign qualified specialists to the country, Germany is working on finalising a massive tax reduction. As part of...

German defence minister told not to expect additional budget boost

Finance
BERLIN - Germany Finance Minister Christian Lindner has warned the country's Defence Minister that there will be no additional money to modernise the...
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