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.
European wine and dairy producers are facing growing uncertainty as new U.S. tariffs threaten to disrupt exports to one of their most lucrative market...
The two-day Ukraine Recovery Conference wrapped up in Rome on Friday, but the vision of rebuilding the war-torn country remains largely theoretical am...
A preliminary investigation by India’s Aircraft Accident Investigation Bureau (AAIB) has revealed that both engines of the Air India Flight AI-171 s...
Norway could soon receive a major boost to its airborne defence, as Washington signals readiness to expand military cooperation through a new high-val...
A British man accused of running a $100 million fake wine loan scam pleaded not guilty in New York, denying claims that he sold investors a vintage co...
Germany’s public debt is projected to climb from 62.5% to 74% of GDP by 2030, driven by record defence and infrastructure spending, according to a report by the European rating agency Scope.
Trump pledges to send Patriot air defence systems to Ukraine through NATO, despite intensifying Russian attacks and rising civilian casualties. Zelenskyy hails the move as critical for defending cities.
Germany and the UK will sign a new 'friendship treaty' next week to deepen cooperation on foreign policy, security, and economic ties amid global challenges.
A spokesperson for the German defence ministry on Friday dismissed reports suggesting plans to acquire an additional 15 F-35 fighter jets.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
A deadly mass shooting early on Monday (7 July) in Philadelphia's Grays Ferry neighbourhood left three men dead and nine others wounded, including teenagers, as more than 100 shots were fired.
Dozens of international and domestic flights were cancelled or delayed after Mount Lewotobi Laki Laki erupted on Monday, but Bali’s main airport remains operational.
The 17th Summit of the Economic Cooperation Organization (ECO) was successfully held in Khankendi, Azerbaijan, highlighting the region’s revival and the deepening economic cooperation among member states.
French member of parliament Olivier Marleix was found dead at his home on Monday, with suicide being considered a possible cause.
European wine and dairy producers are facing growing uncertainty as new U.S. tariffs threaten to disrupt exports to one of their most lucrative markets.
The two-day Ukraine Recovery Conference wrapped up in Rome on Friday, but the vision of rebuilding the war-torn country remains largely theoretical amid the absence of a ceasefire.
A preliminary investigation by India’s Aircraft Accident Investigation Bureau (AAIB) has revealed that both engines of the Air India Flight AI-171 shut down mid-air within seconds of takeoff, leading to the deadly crash on June 12.
Norway could soon receive a major boost to its airborne defence, as Washington signals readiness to expand military cooperation through a new high-value arms deal.
A British man accused of running a $100 million fake wine loan scam pleaded not guilty in New York, denying claims that he sold investors a vintage collection that didn’t exist. The high-stakes fraud allegedly duped victims with promises of rare bottles and big returns.
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