Berlin: In the wake of the Russia-Ukraine conflict, the process of globalisation has come to a standstill. Besides, there is no possibility of its recovery. At the same time, there is a risk of fuel shortage and inflation is also likely to continue. The head of Deutsche Bank, Christian Sewing, warned that due to these […]
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Berlin: – German thinktank ‘Institute of Employment Research’ (IAB) claimed that the German economy would take a hit worth $265 billion over the next few years given the Russia-Ukraine conflict and the fuel price rise. The IAB reports also predict that there will be a decline of nearly 1.7% in the German GDP in the […]
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Berlin: – A European study group issued a serious warning that the German economy will slide to the lowest level, worse than the state after the second world war, because of crashing exports, in view of the Coronavirus pandemic. Study group ‘Institute for Economic Research’ (IFO) has said that the German economy has declined by […]
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Oslo: Norway, the owner of the world’s largest ‘sovereign fund’ (investment fund) and Europe’s top economy, has been harmed by zero per cent growth. In the second quarter of 2023, Norway’s economy registered zero per cent growth due to the decline. Norway’s economy recorded a growth rate of 0.2 per cent in the year’s first […]
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Berlin: – Senior German official Joachim Wuermeling warned ‘The aftereffects of the lockdown in view of Coronavirus, have still not become visible. The Banking sector will have to bear a brunt of the lockdown. It is difficult to predict the scope of jolts on the economic level. But the jolt received by the banking sector, while there are indications […]
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Brussels: The economic index of the Eurozone, group of the major European countries, has scaled the lowest level, in four years of 4% and there are indications of more severe hits to the economy of the Union over the next two years. The negativity in France and Germany is held responsible for the low situation. […]
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Berlin: The sliding Turkish Lira is creating additional perils for the German economy, cautioned the German finance ministry. The value of the Turkish Lira has fallen by more than 50% against the US dollar, and the debt burden on the country also has increased. Germany being the country with the highest investments in Turkey will […]
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Berlin – ‘The US is moving away from Europe and is competing with European allies to invest in green energy. China has now become Germany’s biggest rival, and their need for German products has decreased. The cessation of supplies of Russia’s affordable natural fuel gas has proved to be the final blow to Germany’s major […]
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Berlin – Germany has announced a change in its trade policy with China. It said that China is openly violating human rights and trying to make an impact on the rules-based international order. Moreover, Germany says it was closely watching these aggressive activities of China. Germany also said it had no intention of withdrawing from […]
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Berlin – The shortage of skilled manpower in Germany, which is the economic engine of Europe, has become very serious. To overcome it, the Parliament of Germany has passed a new law. The merit-based mechanism has been included in the new law. Accordingly, the government claims that those seeking a visa to get a new […]
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