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The Latest Breaking News from Robert Habeck

German Govt Sees Economy Shrinking Again In 2024

The German government slashed its 2024 forecast Wednesday for Europe's largest economy, saying it will contract for a second straight year before a recovery gets under way in 2025.

International Business Times

Germany's economy is on track to shrink for a second straight year

Germany's government says the country’s economy is on track to shrink for a second consecutive year

The Independent UK

China EV startup Xpeng wants to bring ‘the best technology’ to Europe as the EU is set to finalize new tariffs on auto imports

Brian Gu, Xpeng’s copresident, argued Wednesday that fierce local competition, not state support, explains China’s EV success.

Fortune

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read the most diverse news in one place.

Leaders of Germany’s Greens resign after state election defeats

Ricarda Lang and Omid Nouripour call for reset as party faces ‘deepest crisis for a decade’ after Brandenburg result

The Guardian - UK

The leaders of Germany's Greens are quitting after election defeats

The leaders of Germany’s Greens, one of three parties in Chancellor Olaf Scholz’s troubled coalition government, say they will step down after the latest in a string of disappointing election results

The Independent UK

EU, China hold 'constructive' talks on electric vehicle tariffs but still no agreement

EU Trade Commissioner Valdis Dombrovskis reported positive progress in discussions with Chinese Commerce Minister Wang Wentao on Thursday. The talks come as China aims to negotiate an agreement with the European Union to prevent the imposition of high tariffs on electric vehicles (EVs) exported to EU countries.

Radio France Internationale

German Vice Chancellor Robert Habeck Relieved After French Election

German Vice Chancellor Robert Habeck expresses relief over French election results and emphasizes the importance of preventing nationalism and strengthenin...

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China goes into panic mode over EU tariffs on electric cars, offers perks for German carmakers if they drop restrictions

China’s Commerce minister told German counterpart it was open to negotiating tariffs but wasn’t afraid to retaliate.

Fortune

Europe and China agree to talk about EV tariffs, a ‘first step’ to avoid a potential trade war between two of the world’s largest economies

The talks could help avoid a looming trade war between China and Europe which has already ensnared European brandy and pork.

Fortune

Top German Minister On Peace Mission Amid China EV Tariffs Row

If a compromise is not reached between Brussels and Beijing, the European Commission will impose extra tariffs of up to 38 percent on Chinese electric vehicles it says have benefitted from unfair subsidies.

International Business Times

Germany arrests two dual nationals over alleged Russian sabotage plot

Prosecutors accuse German-Russian duo of being prepared to ‘carry out explosive and arson attacks’ on US army sites.

Al Jazeera

German Economy To Nearly Flatline This Year, Think-tanks Say

Europe's largest economy will expand by just 0.1 percent in 2024, five think-tanks said in a joint statement, a sharp downgrade from their earlier forecast of 1.3 percent growth.

International Business Times

Berlin Says German FA Lacks 'Patriotism' For Dropping Adidas

The German national football team's decision to drop Adidas as its kit supplier sparked dismay in Berlin on Friday, with the economy minister blasting the switch to US sportswear giant Nike as a lack of "patriotism".

International Business Times

Germany Launches 4 Billion Euro Program For Climate-Friendly Industry

Germany's 4 billion euro program supports heavy industries in transitioning to eco-friendly production methods, aiming for net-zero emissions by 2045.

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Al Jazeera

Will a four-day work week solve Germany’s labour shortage?

Counterintuitively, a new German experiment is testing whether working less can help overcome a labour crunch.

The Street

Tesla production halted after sabotage attack near their European factory

A far-left extremist group has claimed responsibility for the attack.

International Business Times

Germany Cuts 2024 Growth Forecast As Economic Woes Pile Up

The German government slashed its growth forecast for 2024 on Wednesday, warning that Europe's largest economy was in "difficult waters" as it faced a series of headwinds.

International Business Times

German Economy Buffeted By 'Perfect Storm'

Weaker exports, costly energy and a stuttering green transition have combined to form a "perfect storm" for the German economy, leaving Chancellor Olaf Scholz's coalition bickering over how to change course.

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The Guardian - UK

AfD plans to turn Germany into authoritarian state, vice-chancellor warns

Robert Habeck tacitly backs calls to ban far-right party after it participated in meeting to discuss mass deportations

The Guardian - UK

The Guardian view on strikes and protests in Germany: this is no time for austerity

Editorial: Olaf Scholz needs a new economic approach to heal divisions in a country renowned for its consensual politics

The Guardian - UK

‘The mood is heating up’: Germany fears strikes will play into hands of far right

Angry protests by farmers, hauliers and railway workers risk being exploited by populists such as Alternative für Deutschland

The Independent UK

Farmers prevent Germany's vice chancellor leaving a ferry in a protest that draws condemnation

A group of farmers prevented Germany’s vice chancellor from disembarking a ferry hours after the government partially climbed down on cost-saving plans that had infuriated the agricultural sector

The Independent UK

Germany's CO2 emissions are at their lowest in 7 decades, study shows

A study shows that carbon dioxide emissions in Germany, Europe’s biggest economy, dropped to their lowest level in seven decades

The Independent UK

Farmers protest against a German government plan to cut tax breaks for diesel

German farmers are gathering in Berlin to protest against planned cuts to tax breaks for diesel used in agriculture, part of a deal reached by the government to plug a hole in the country’s budget

The Independent UK

German government reaches solution on budget crisis triggered by court ruling

The German government has reached a solution to a budget crisis triggered by a court ruling last month

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