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 Ashgabat forum in Turkmenistan brought together Russian President Vladimir Putin, Turkish President Recep Tayyip Erdoğan, and Iranian President M...
A bulk carrier struck during a Russian attack on Ukraine’s southern coast on Friday is owned by a Turkish company, a source familiar with the incide...
Chinese Foreign Minister Wang Yi has begun a multi-nation diplomatic tour of the Middle East, showing Beijing’s deepening engagement in a region und...
Kazakhstan has begun redirecting part of its crude exports, sending oil from Kashagan to China as the Caspian Pipeline Consortium (CPC) operates at re...
Pakistan and China are conducting a joint counterterrorism exercise, Warrior IX, to strengthen military cooperation. The drill comes at a time of rene...
Ukraine has agreed on key elements of a post-war reconstruction plan in talks with Jared Kushner and other top U.S. officials, President Volodymyr Zelenskyy said on Wednesday (10 December), during ongoing peace efforts to reach a settlement in the nearly four-year war.
German Chancellor Friedrich Merz congratulated Azerbaijan and Armenia on their recent peace deal which he said opened an "historic opportunity" for the region.
Israeli Prime Minister Benjamin Netanyahu has announced that he will meet U.S. President Donald Trump later this month, saying discussions will focus on the second phase of U.S. President Donald Trump’s Gaza plan, regional peace prospects and the future governance of the Strip.
French naval forces opened fire on a swarm of unidentified drones that flew over one of the country’s most sensitive military installations, the Île Longue submarine base in western Brittany, officials confirmed on Friday.
Japan has lifted a tsunami advisory issued after an earthquake with a magnitude of 6.9 hit the country's northeastern region on Friday (12 December), the Japan Meteorological Agency (JMA) said. The JMA had earlier put the earthquake's preliminary magnitude at 6.7.
Iran is preparing to host a multilateral regional meeting next week in a bid to mediate between Afghanistan and Pakistan.
The United States issued new sanctions targeting Venezuela on Thursday, imposing curbs on three nephews of President Nicolas Maduro's wife, as well as six crude oil tankers and shipping companies linked to them, as Washington ramps up pressure on Caracas.
Iran's President Massoud Pezeshkian has begun a two day visit to Kazakhstan, with officials from both sides describing the trip as an opportunity to advance cooperation in trade, transport, industry, mining and cultural exchanges.
China’s Ministry of Foreign Affairs has urged Afghanistan and Pakistan to resolve their tensions through dialogue and engagement, as it pledged to work with the international community to help improve relations between the two countries.
The Ashgabat forum in Turkmenistan brought together Russian President Vladimir Putin, Turkish President Recep Tayyip Erdoğan, and Iranian President Masoud Pezeshkian, raising questions about whether Russia remains connected to regional partners despite Western sanctions.
A bulk carrier struck during a Russian attack on Ukraine’s southern coast on Friday is owned by a Turkish company, a source familiar with the incident told Reuters.
Chinese Foreign Minister Wang Yi has begun a multi-nation diplomatic tour of the Middle East, showing Beijing’s deepening engagement in a region undergoing conflicts, shifting alliances and major geopolitical realignments.
Pakistan and China are conducting a joint counterterrorism exercise, Warrior IX, to strengthen military cooperation. The drill comes at a time of renewed regional instability, with analysts saying it underscores both countries’ determination to deepen security ties.
A former estate of drug lord Pablo Escobar, now a wildlife park in Colombia, has marked Christmas by setting animals festive feeding challenges designed to boost their mental and physical health.
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