Latest in Tag: German Highlight
Latest in Tag: German
German trade grows massively in March
Europe’s economic powerhouse has reported its best ever month for imports and exports underscoring healthy foreign demand for German goods and robust consumer spending within the country.German companies exported goods and services worth 118.2 billion euros ($129 billion) in March – a gain of an impressive 10.8 percent compared with the same month a year …
Right-wing song lyrics put German soul singer in the spotlight
German soul singer Xavier Naidoo and his band Söhne Mannheims have released an album that has created a stir nationwide. At issue are lyrics that appear to cater to the far-right.The song “Marionette” by Xavier Naidoo and his band Söhne Mannheims is peppered with more or less veiled agressive references to high treason, the “lying …
SchÀuble defends German trade surplus in the US
The German Finance Minister has rejected US charges that Germany’s trade surplus is a sign of unfair policies and called on the Trump administration to remain engaged in trade liberalization.Speaking at an event of the Carnegie Foundation in Washington on Thursday, Wolfgang SchĂ€uble said that “all of us have benefited greatly from global integration and …
German economists raise growth outlook
Leading economic institutes in Germany have revised their joint growth outlook for Europe’s powerhouse. They said gross domestic product would expand more than forecast last autumn despite many uncertainties.A group of leading German economic research institutes on Friday presented their latest joint growth outlook for Europe’s largest economy, raising their previous forecasts for the next …
Opinion: car manufacturing strategy and personal interests
Over the past few weeks, the future of the Egyptian car manufacturing strategy, or in other words the âcar law,â has returned to be amongst the hot topics after the crisis that occurred to this project during Angela Merkelâs visit. She announced her dissatisfaction of the project, which was accompanied by a letter from the …
A Story of Courage, Creativity and Survival
In 1939, the relentless Nazi bombardment of Warsaw destroyed the cityâs zoo. What the Nazis didnât know, however, is that what they had destroyed was not an ordinary zoo, but the extraordinary creation of an unusual Christian Polish couple, Jan and Antonina Zabinski. Thanks to them and their son Ryszardâs efforts, approximately 300 Jewish women, …
German embassy welcomes resuming of German NGOsâ work in Egypt
A number of foreign organisations shut down in Egypt in 2011, after the occurrence of the NGO foreign-funding case
German unemployment falls for another month
There’s no lack of global and regional uncertainties with a potential to hit Germany’s labor market. But the most recent employment figures revealed the country seemed largely unfazed by what was going on around it.German unemployment dropped sharply in March, the Nuremberg-based Federal Labor Agency (BA) announced on Friday. Monthly jobless lines in Europe’s powerhouse …
Massive German-built cruise ship ‘Norwegian Joy’ leaves port
The world’s fourth-biggest cruise ship will cater exclusively for Chinese tourists. It leaves its German birthplace to sail to the north sea for testing.German-built luxury cruise liner “Norwegian Joy” was due for its maiden voyage on Sunday night. The Norwegian Cruise Line (NCL) ship is the first in its fleet purpose-built for the Chinese tourism …
German economists debate trade surplus
The Trump administration has targeted Germany for its big trade surplus with the United States and the rest of the world, claiming this poses big problems. Some German economists agree. Others don’t. Here’s why.On Monday, the ‘German Council of Economic Experts’ (GCEE) submitted its annual two-year economic forecast, outlining how it expects the German economy …
German steelworkers strike benchmark pay deal
Metalworkers union IG Metall and western German steel industry employers have reached a wage agreement that could serve as pilot deal for the whole sector, and coming at a time of hope for the struggling industry.Following overnight talks into Friday morning, employers’ association Arbeitgeberverband Stahl and labor union IG Metall announced that 72,000 steelworkers in …
German-Turkish row hits trade and investment
The diplomatic spat between Turkey and Germany is spreading into the business world, with uncertainty over Turkish policies affecting trade and investment, says Volker Treier of DIHK trade lobby group.Deutsche Welle: What are you hearing from companies, how badly are they affected by this row? Volker Treier: There is more than just unease among German …
Audi offices raided in Dieselgate investigation
The German carmaker has confirmed reports that police raided its headquarters and several offices in Germany. They were searching for clues about the role Audi played in the VW diesel emissions scandal.According to German media reports on Wednesday, police officers and prosecutors searched offices at Audi headquarters in the Bavarian city of Ingolstadt, as well …
German theater gives Trump a taste of his own medicine
The US president is known for his 140-character rants. Now a theater in Germany is taking on Donald Trump with a similar show of provocation. Spoiler alert: The White House falls apart at the end.Less than two months into Donald Trump’s presidency, the US leader remains a divisive figure in the public eye. His controversial …
What German industry expects of Merkel’s visit to US
German industry leaders have said they’re optimistic about the outcome of a planned meeting between German Chancellor Angela Merkel and US President Donald Trump in the US. They hope current tensions can be defused.The head of the Confederation of German Employers’ Associations (BDA), Ingo Kramer, told German broadcaster ZDF on Monday he was full of …
The chances and opportunities of the chancellorâs visit to Egypt
The chancellor of Germany, Angela Merkel, is paying a two-day visit to Egypt on Thursday, to discuss several political and economic issues between Egypt and the most powerful industrial country in the European Union. Throughout the visit, it is scheduled for Merkal to meet Egyptian President Abdel Fattah Al-Sisi, the Grand Imam of al-Azhar, Ahmed …
Another record year for German exporters
The global growth slowdown hasn’t prevented German exporters from shipping a record volume of goods abroad over the past 12 months. Imports also reached a new high in 2016, but the increase was less pronounced.Companies in Europe’s largest economy exported goods worth 1.21 trillion euros ($1.29 trillion) throughout 2016, the National Statistics Office (Destatis) reported …
What happens with German renewables in the dead of winter?
Germany has a reputation for being a renewable energy leader – but some believe that the nation’s long, still and dim winters threaten such green aspirations.The “dark doldrums” conjures images of the deep Middle Ages, when the only light to be had flickered from a tallow candle. In fact, this is the loose translation for …
German industry group sees stronger growth
A leading German industry group representing the interests of small and medium-sized enterprises has raised its growth forecast for Europe’s largest economy. Optimism prevails despite Brexit and other worries.The Association of German Chambers of Industry and Commerce (DIHK) on Wednesday said it had raised its growth forecast for the German economy despite a growing number …
Belco exports 80% of products to German, English marketsÂ
âŹ9.5m exports this year, an increase of 5% compared to 2016
German industrial orders up sharply
Industrial orders in Europe’s largest economy have jumped, the government has said, pointing to strong demand at home and across the 19-member eurozone. Growing political uncertainties had no big impact.Higher demand for capital goods in Germany and abroad drove the biggest monthly increase in German factory orders in about one and a half years in …
Cars, tea and tourism: Germany’s relationship with East Africa?
Political leaders from Germany and East Africa are set to attend the second German-African Economic Summit in Nairobi this week. But how friendly or cordial are Berlin’s ties with Kenya, Uganda and Tanzania?East Africa, Germany and their political leaders Relations between Germany and East Africa are generally good. West Germany was the first country to …
Prokop succeeds Sigurdsson as German handball coach
The German handball association (DHB) has hired a new head coach for the national team. Christian Prokop takes over from Dagur Sigurdsson, who left the DHB following last month’s world championship.The DHB announced on Friday that Christian Prokop, 38, had signed a five-year contract that will see him coach the national team until 2022. Prokop, …
Why writers like Kristof Magnusson are experimenting with ‘simple German’
German-Icelandic novelist Kristof Magnusson is a pioneer. Hoping to reach a wider audience, he decided to write a book in simple German. But how is it different from his usual work?Sentences with a simple structure and strong verbs, but no long, cumbersome nouns are easier to understand – both for language learners and those with …
German consumers unfazed by uncertainties
Consumers in Europe’s powerhouse have started the new year with a lot of optimism, a fresh survey by GfK market researchers has shown. Germans keep spending as the economy shows no sign of weakening.Presenting their latest monthly consumer confidence index, GfK market researchers said Thursday Germans largely remained on a shopping spree as the domestic …
Should German carmakers be alarmed?
President-elect Donald Trump’s warning German BMW could be in for hefty import tariffs has triggered an immediate response from the carmaker and the economics minister. Both decided not to over-react.”If you want to build cars in the world, then I wish you all the best,” US President-elect Donald Trump had said in an interview with …
German inflation ends 2016 on positive note
German monthly inflation rose more than expected in December, hitting the highest level in more than three years, and positively rounding off a dismal year for central bank efforts to push prices with monetary policy.
German development programme in Egypt targets marginalised provinces: German ambassador
Through the âGerman Week in Upper Egyptâ, the Qena governor aims to establish a German school in his province
âGerman Week in Upper Egyptâ kicks off in Luxor
German ambassador will meet several governors to discuss cooperation
Europe’s car sales dip on German weakness
Automakers record the first fall in October sales since the industry’s six-year crisis ended