Germany's industrial competitiveness is declining at an unprecedented rate, warned the Munich-based Ifo institute. In January, 24% of German companies rated their competitiveness as low against non-EU firms, while 21% noted growing competition within the EU.
Ifo’s Klaus Wohlrabe highlighted the severity of the decline, stressing the urgent need for reforms. The downturn affects all sectors, with the automotive, metal, and chemical industries particularly impacted, while beverage manufacturers remain relatively stable.
To restore competitiveness, the government must cut bureaucracy, speed up approvals, offer tax relief, and address skilled labor shortages, Wohlrabe urged.
Russian state nuclear corporation Rosatom has proposed building a new 1,000-megawatt nuclear power unit in Armenia as Yerevan weighs competing inte...
The arrival in South Korea of two North Korean soldiers captured while fighting for Russia has created a rare legal, diplomatic and humanitarian ca...
British Prime Minister Andy Burnham has declared that Brexit has done more harm than good, while reaffirming support for Ukraine and NATO as he use...
A Russian guided aerial bomb has struck an apartment building in Kharkiv, injuring 22 people, including children, according to the city’s mayor. The strike follows a day of near-continuous Russian attacks across Ukraine that killed at least five people.
Here's your AnewZ Daily Brief for 28 September 2026. These are the top stories making headlines in technology.
Saudi Foreign Minister Prince Faisal bin Farhan has arrived in Washington for talks with U.S. Secretary of State Marco Rubio on bilateral ties and key regional and international developments, Saudi state news agency SPA reported.
Serbia's President Aleksandar Vučić resigned on Sunday, ending his second and final five-year term and paving the way for an early presidential election as the country prepares for a snap parliamentary vote on 25 October.
U.S. President Donald Trump has denied reports that he offered Iran sanctions relief and access to frozen funds in exchange for nuclear concessions.
British Prime Minister Andy Burnham has declared that Brexit has done more harm than good, while reaffirming support for Ukraine and NATO as he used his first Labour conference speech as leader to set out a new direction for Britain.
The arrival in South Korea of two North Korean soldiers captured while fighting for Russia has created a rare legal, diplomatic and humanitarian case, raising questions over their status, security and future.
At midnight on 30 September, the last U.S. troops are due to leave Iraq, ending a military presence that began with the 2003 invasion and cost the lives of around 4,500 American service members.
Here’s your AnewZ Daily Brief for 29 September 2026, with the latest from Azerbaijan, from $10.8 billion in investment deals and Formula 1 drama to diplomacy and preparations for major FIFA tournaments.
Crude oil exports from major Middle Eastern producers rebounded in September to their highest level since the U.S.-Israeli war on Iran began in late February, according to data from analytics firm Kpler.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment