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.
The European Commission has proposed sanctions against several Israeli Cabinet ministers and violent settlers, alongside a partial suspension of Israe...
AD Ports Group has signed a contract with Baku Shipyard in Azerbaijan to build two 780-TEU shallow-draft container vessels for trade across the Caspia...
The United Nations will give low-income countries more money to help them attend COP30, the global climate summit set to take place in Brazil this Nov...
Five United Nations police officers from the Republic of the Congo were killed when an armoured personnel carrier in the Central African Republic cras...
Thousands of people marched through London on Wednesday to protest against U.S. President Donald Trump's state visit to Britain while a much smaller c...
Germany’s parliament has refused security clearances for at least four employees of the far-right Alternative for Germany (AfD) party, citing concerns they could engage in anti-constitutional activities.
China has entered the United Nations’ annual list of the world’s ten most innovative nations for the first time, displacing Germany, Europe’s largest economy, as companies in Beijing ramp up investment in research and development.
Official figures show that Germany received 7,803 asylum applications in August 2025, down from 18,427 in the same month last year – a drop of 10,624, or nearly 60%.
Germany’s Merz: Ukraine war could last for a long time
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
The Federal Reserve on Wednesday reduced its benchmark interest rate by a quarter point to a range of 4–4.25%, responding to slowing economic growth and persistently high inflation.
The European Commission has proposed sanctions against several Israeli Cabinet ministers and violent settlers, alongside a partial suspension of Israel’s trade privileges with the bloc.
AD Ports Group has signed a contract with Baku Shipyard in Azerbaijan to build two 780-TEU shallow-draft container vessels for trade across the Caspian Sea.
The United Nations will give low-income countries more money to help them attend COP30, the global climate summit set to take place in Brazil this November, in view of soaring accommodation costs in the Amazonian city of Belem.
Five United Nations police officers from the Republic of the Congo were killed when an armoured personnel carrier in the Central African Republic crashed.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment