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.
Sweden’s defence and aviation company Saab has secured a 1.7 billion crown (approximately $159 million) contract from Germany to modernise and maintain the Taurus KEPD 350 cruise missiles for a ten-year period extending to 2035.
In a disturbing incident on Monday, a vehicle reportedly drove into a crowd of pedestrians in Mannheim, leaving several injured and potentially claiming at least one life, according to eyewitnesses and local media reports.
At least two people were injured when several shots were fired near the state courthouse in Bielefeld in western Germany on Wednesday afternoon, police reported.
Airport workers' strikes in Greece and Germany on February 27 and February 28 push airlines to cancel and modify thousands of flights. Türkiye’s flag carrier, Turkish Airlines, has announced that some flights to be cancelled due to massive strikes.
Germany’s likely next chancellor, Friedrich Merz, has ruled out a swift reform of the country’s debt brake and expressed caution over the possibility of securing parliamentary approval for a large-scale military spending boost.
Markets tumbled Monday, with losses accelerating in the afternoon after President Donald Trump confirmed that 25% tariffs on imports from Canada and Mexico will take effect. Earlier in the session, stocks were already under pressure following a weaker-than-expected February report on a key manufact
Ambassador Christina Markus Lassen pledges to strive for 'constructive, creative and consistent' presidency
James Harrison's rare blood, which he donated over a thousand times, is estimated to have saved the lives of over 2 million children in Australia.
This Ramadan, a long-awaited reunion took place as a former prisoner broke his fast for the first time in over two decades, surrounded by family. The emotional gathering marked a significant moment, as he and his loved ones came together once again.
A centuries old tradition of cheese-throwing has brought excitement to the town of Novara di Sicilia as its residents both young and old trooped out en masse to participate in the game.
Norway’s government has affirmed that it will continue to supply fuel for U.S. Navy vessels, dismissing recent calls from a private marine fuel supplier to halt deliveries amid tensions linked to U.S.-Ukrainian relations.
Mountain View, CA, February 24, 2025 – In a move to bolster account security and curb global SMS abuse, Google is set to phase out its SMS-based two-factor authentication (2FA) option for Gmail users, according to a report by Forbes.
Watch AnewZ Live Coverage of the Trump-Zelenskyy meeting at the Oval Office at https://anewz.tv/tv-live
Ukrainian President Volodymyr Zelenskyy reaffirmed his respect for the United States and its people in an interview with Fox News, following a tense meeting with U.S. President Donald Trump at the White House.
President scheduled to speak before full Congress on Tuesday at 9 pm EST
Coalition of conservative, social democratic, and liberal parties prevents far right from governing
Ambassador Christina Markus Lassen pledges to strive for 'constructive, creative and consistent' presidency
James Harrison's rare blood, which he donated over a thousand times, is estimated to have saved the lives of over 2 million children in Australia.
Markets tumbled Monday, with losses accelerating in the afternoon after President Donald Trump confirmed that 25% tariffs on imports from Canada and Mexico will take effect. Earlier in the session, stocks were already under pressure following a weaker-than-expected February report on a key manufact
Ambassador Christina Markus Lassen pledges to strive for 'constructive, creative and consistent' presidency
James Harrison's rare blood, which he donated over a thousand times, is estimated to have saved the lives of over 2 million children in Australia.
This Ramadan, a long-awaited reunion took place as a former prisoner broke his fast for the first time in over two decades, surrounded by family. The emotional gathering marked a significant moment, as he and his loved ones came together once again.
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