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.
New York City’s mayoral election on 4 November 2025 has become one of the most closely watched local races in the United States — a contest seen a...
Almost 1,000 Sudanese civilians have fled their homes in North Darfur in a single day due to intensifying insecurity, the International Organization f...
The Israeli army says Hamas has transferred the remains of three Israeli hostages to the International Committee of the Red Cross (ICRC) as part of th...
Iraq signed a deal with Türkiye on Sunday under which water infrastructure projects to be carried out by Turkish firms will be financed with revenue ...
Nigeria welcomes U.S. help against Islamist insurgents if its territorial integrity is respected, responding to Trump’s threats over alleged mistrea...
Germany’s defence minister Boris Pistorius says he is confident the coalition will back his new voluntary military service model in time for it to take effect next year, citing the security threat from Russia and NATO demands.
German Chancellor Friedrich Merz met with Turkish President Recep Tayyip Erdoğan on Thursday in Ankara as both countries explored new pathways for bilateral economic relations.
German Foreign Minister Johann Wadephul will travel to Brussels on Monday for meetings with NATO Secretary General Mark Rutte, Indian Trade Minister Piyush Goyal, and other senior policymakers, a spokesperson for the Foreign Ministry confirmed.
A senior lawmaker from Germany's Social Democrats, a junior partner in Chancellor Friedrich Merz's coalition government, called for a reassessment of Germany's China policy on Saturday after Foreign Minister Johann Wadephul postponed a trip to Beijing.
Ukraine’s top military commander has confirmed that troops are facing “difficult conditions” defending the strategic eastern town of Pokrovsk against a multi-thousand Russian force.
Residents of Hoi An, Vietnam’s UNESCO-listed ancient town, began cleaning up on Saturday as floodwaters receded following days of torrential rain that brought deadly flooding and widespread destruction to the central region.
The United Nations has warned of a catastrophic humanitarian situation in Sudan after reports emerged of mass killings, sexual violence, and forced displacements following the capture of al-Fashir by the Rapid Support Forces (RSF).
Russia has launched its new nuclear-powered submarine, the Khabarovsk, at the Sevmash shipyard in Severodvinsk, the Defence Ministry said Saturday.
Egypt has inaugurated the Grand Egyptian Museum near the Great Pyramid of Giza, unveiling the world’s largest archaeological museum and a modern cultural landmark celebrating over 7,000 years of history.
Turkish Foreign Minister Hakan Fidan held a series of high-level meetings in Baghdad on Sunday as part of his official visit to Iraq, focusing on bilateral cooperation and regional stability.
The death toll from a massive landslide in western Kenya’s Elgeyo Marakwet County has climbed to 26 after rescuers recovered four more bodies on Sunday, before operations were halted due to sudden flash floods.
A 6.3-magnitude earthquake struck northern Afghanistan early Monday, shaking communities near Khulm but causing no immediate damage, according to the U.S. Geological Survey (USGS).
New York City’s mayoral election on 4 November 2025 has become one of the most closely watched local races in the United States — a contest seen as testing the ideological balance of the Democratic Party and the direction of America’s largest city.
Almost 1,000 Sudanese civilians have fled their homes in North Darfur in a single day due to intensifying insecurity, the International Organization for Migration (IOM) said on Sunday.
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