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.
A U.S.-Iran memorandum of understanding aimed at ending war between the two countries has been signed electronically by President Donald Trump and Ira...
The European Parliament has adopted one of its strongest resolutions on Georgia to date, calling for the release of political prisoners, backing sanct...
Uzbekistan’s first-ever FIFA World Cup match ended in a 3-1 defeat to Colombia on June 18, but the game still delivered a historic moment as Abbosbe...
Russian President Vladimir Putin has welcomed the recent agreement between the U.S. and Iran, saying it could help stabilise the Middle East and ease ...
The Caspian Sea has retreated by up to 35 kilometres along Kazakhstan's coastline since 2006, raising fresh concerns about the future of the world's l...
Germany's failure to secure a United Nations Security Council seat has exposed growing questions about its diplomatic influence and moral authority, highlighting the challenges facing Chancellor Friedrich Merz as he seeks to redefine Berlin's role in an increasingly fragmented world.
Franco-German defence group KNDS unveiled a new battle tank on Monday designed to replace France's ageing Leclerc fleet, as delays continue to hamper the two countries' joint next-generation tank programme.
Curaçao celebrate first World Cup goal despite heavy defeat against Germany, Sweden move to top of Group F with five-goal display and Japan fight back twice to hold Netherlands.
U.S. and Iranian officials said on Sunday they have agreed on a deal to end their war, halt the U.S. blockade of Iran and reopen the Strait of Hormuz, possibly leading to lower energy prices once oil shipments resume through the critical waterway.
Donald Trump has said the U.S. will resume bombing Iran if Tehran doesn't "behave," at the sidelines of the G7 summit in France. Earlier, the U.S. President criticised Israel for its tactics against Hezbollah, saying it was unnecessary to bomb entire apartment buildings to tackle militants.
A U.S.-Iran memorandum of understanding aimed at ending war between the two countries has been signed electronically by President Donald Trump and Iranian President Masoud Pezeshkian. Meanwhile, Israel has continued to carry out lethal strikes on southern Lebanon.
U.S. President Donald Trump said a preliminary agreement to end the war in the Gulf has been signed by the U.S. and Iran, though details have yet to be made public and both countries said a permanent truce is yet to be negotiated.
A cyber extortion group has claimed it stole more than a terabyte of data from Danish pharmaceutical giant Novo Nordisk after the company allegedly refused to pay a $25 million ransom.
Pakistan's heavy reliance on imported energy was laid bare by the U.S.-Iran conflict, which disrupted regional supplies, drove up costs and exposed vulnerabilities in the country's energy security. However, a proposed peace agreement now offers hope for economic relief.
Russian President Vladimir Putin has welcomed the recent agreement between the U.S. and Iran, saying it could help stabilise the Middle East and ease pressure on global energy and food markets.
More than 100 Chinese companies approved for inclusion on the United States' most powerful trade restriction list have not yet been formally added, as Washington has decided, for now, not to proceed, according to a report by Reuters.
Voters in Makerfield are casting their ballots in a closely watched by-election that could have implications far beyond Greater Manchester.
A man carrying a Georgian passport has been arrested in Warsaw over the murder of an exiled Kremlin critic in Poland, authorities said. Police said the passport was issued to a 36-year-old Georgian citizen.
Thailand is reviving plans for one of its most ambitious infrastructure projects in decades, a proposed $30 billion “Land Bridge” that would connect the Gulf of Thailand with the Andaman Sea and offer an alternative trade route to the busy Strait of Malacca.
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