Germany Financial News

Veronika Rinecker is based in Germany, studied international journalism and media management. She specializes in politics and regulation, energy, blockchain, and fintech. Since 2017, she has been...

CG Power and Industrial Solutions on Monday reported a nearly 10 per cent decline in its consolidated profit after tax to Rs 220 crore for three months ended September 2024. Its profit after tax (PAT) was Rs 244 crore in the year-ago quarter. Aggregate sales for the quarter increased 21 per cent to Rs 2,413 crore during the July-September quarter of the current fiscal from Rs 2,002 crore in the same quarter of 2023-24, the company said in a stock exchange filing.

Germany is focusing on attracting skilled workers from India, following new migration measures recently approved by Chancellor Olaf Scholz’s Cabinet. The move aims to streamline immigration processes and support the integration of Indian workers, addressing the critical workforce gaps caused by an ageing population. Germany, known for having the strongest economy in the European Union, faces increasing pressure to secure skilled labour to maintain economic momentum. Hubertus Heil, the German Labour Minister, emphasized India’s importance, saying, «Germany views India as an especially important partner when it comes to the issue of skilled labour migration.» The newly approved migration framework underscores the deepening economic relationship between Germany and India. With a focus on long-term economic sustainability, the German government aims to attract qualified Indian professionals across various sectors to address workforce gaps.

On top of the grievous toll in human life and misery, Israel’s war against the Hamas and Hezbollah militant groups has been expensive

Afghanistan authorities on Sunday did not permit a Frankfurt-bound Vistara plane to use its airspace as there was a bomb threat, forcing the aircraft to return to Delhi, according to sources. The flight UK25 from the national capital to Frankfurt in Germany was operated with a Boeing 787 aircraft and had more than 240 people onboard, they said. The sources in the know told PTI that the bomb threat was classified as «non-specific» and it was decided that the flight will continue its journey to Frankfurt. However, the Afghanistan authorities did not give permission to overfly its airspace since there was a bomb threat, the sources added.

The defense ministers of Japan, the U.K. and Italy have agreed to accelerate the joint development of a next-generation fighter jet

Subscribe to enjoy similar stories. New Delhi: Facing a workforce shortage, Germany is planning to substantially increase the number of skilled labour visas it grants for Indians to 90,000 every year, from the current cap of 20,000, said ambassador Philipp Ackermann. With a worker shortage worsening Germany’s economy, these visas will be used to fill gaps in sectors such as information technology, nursing and caregiving, Ackermann said in an interview.

Turkish President Recep Tayyip Erdogan has met with German Chancellor Olaf Scholz in Istanbul

Subscribe to enjoy similar stories. This is the first book in a series featuring Easy Rawlins, an African-American private detective working in mid-century Los Angeles. Rawlins and his fearsome sidekick, Mouse, navigate America’s treacherous racial terrain with wit and grace.

World shares are higher after China's central bank released plans for supporting stock markets through share repurchases

Meta's independent content watchdog said Thursday there were «serious questions» about how the social media giant deals with anti-immigrant content, particularly in Europe. The Oversight Board, established by Meta in 2020 and often called its «supreme court», launched a probe after seeing a «significant number» of appeals over anti-immigrant content. The board has chosen two symbolic cases-one from Germany and the other from Poland-to assess whether Meta is following human rights law and its own policies on hate speech.

Subscribe to enjoy similar stories. The European Central Bank lowered interest rates for the second meeting in a row, speeding the pace of rate cuts to support an economy flashing increasing signs of weakness. The ECB said it would reduce its key interest rate to 3.25% from 3.5%.

Subscribe to enjoy similar stories. China reiterated that it may raise tariffs on imported internal-combustion-engine cars with large engines sizes, after the European Union voted earlier this month to increase import duties on China-made electric vehicles. The Ministry of Commerce is studying measures related to raising tariffs on imports of large-engine, fuel-powered cars, and will make a decision after considering relevant factors, ministry spokesperson He Yadong said at a Thursday press conference.

The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is expected to cut borrowing costs once again on Thursday after figures showed inflation across the bloc falling to its lowest level in more than thre...

Subscribe to enjoy similar stories. As Beijing dispatched its military Monday in a show of force that encircled Taiwan, China’s coast guard posted a map showing its ships ringing the island in a heart-shaped formation, describing it as “an act of love." To Taiwan, the social-media message was just one piece of China’s multifaceted campaign to intimidate, isolate and influence the people and leaders of the island democracy to give up their commitment to self-rule. Alongside its most high-profile tactic—sending a message of military dominance—China is employing what Taiwan says is an expanding army of hackers, diplomats, prosecutors and celebrities in its effort to persuade Taiwan to submit to Beijing.

Vistara flight bound for Mumbai made an emergency landing on Wednesday due to a bomb threat. The airplane, which had 147 people on board, was traveling from Frankfurt, Germany. PTI sources reported that the Boeing 787 landed safely at 7:45 am and was immediately directed to an isolation bay for security checks. The aircraft had 134 passengers and 13 crew members. It had departed from Frankfurt on Tuesday at 8:20 pm, local time.

The U.S. retirement system doesn't get high marks relative to other nations.

Markets on Wall Street were largely unchanged early Wednesday after pulling back from record lows a day earlier as investors shed technology and energy sector shares

Thomas Tuchel was hired as England coach on Wednesday and will take on the challenge of ending the national team's decades-long wait for a trophy. The German, who previously managed Paris Saint-Germain, Chelsea and Bayern Munich, will begin his tenure in January ahead of the 2026 World Cup in the United States. The English Football Association said Tuchel had been identified as the «preferred candidate» after what it described as an extensive search to replace Gareth Southgate, who stepped down after the European Championship in July.

An annual report says the rising number of injuries to top soccer players came at a cost of nearly $800 million across Europe’s leading leagues last season

BEIJING — Chinese e-commerce giant Alibaba's international arm on Wednesday launched an updated version of its artificial intelligence-powered translation tool that, it says, is better than products offered by Google, DeepL and ChatGPT.