German carmaker Volkswagen and the IG Metall trade union have agreed on significant wage increases for the 125,000 employees in western Germany, they announced on Wednesday. Wages and training allowances will be increased by 5.2% […]
German Chancellor Olaf Scholz has spoken out in favour of an industrial tariff agreement with the US, the Süddeutsche Zeitung reported on Tuesday. During an economic summit organized by the newspaper, Scholz said that he […]
The company Deutsche Regas announced that it had been exempted from tariff and network access regulation by the agency. Without such an exemption, operators are not allowed to freely set tariffs and access rules for […]
The eurozone needs to brace itself for hikes in interest rates, European Central Bank (ECB) President Christine Lagarde warned on Friday, as she outlined the bank’s efforts to curb inflation. “We expect to raise rates […]
Members of key German metal and electricity unions are set to get pay raises in the next two years, after a marathon negotiating session concluded in a deal early on Friday. The union’s 3.9 million […]
The Archbishop of Munich and Freising in southern Germany, Cardinal Reinhard Marx, has condemned recent actions by climate activists. “Destroying a work of art, I have no understanding for that whatsoever,” Marx said Thursday in […]
The German government has blocked the sale of two German companies to Chinese investors, Economy Minister Robert Habeck announced on Wednesday. Habeck had previously warned against the sale of Dortmund-based microchip producer Elmos due to […]
German Foreign Minister Annalena Baerbock held talks with her US counterpart Antony Blinken in the western German city of Münster on Thursday, hours before a meeting of all G7 foreign ministers was set to begin. No […]
Germany and China warned jointly on Friday against further escalation of the war in Ukraine, during a closely-watched visit to Beijing by German Chancellor Olaf Scholz. “I asked President Xi [Jinping] to bring his influence […]
Workers belonging to one of Germany’s largest unions, IG Metall, started a series of so-called “warning” strikes in the metal and electrical industry. Strikes began on Friday night. The union demanded an 8% wage increase. […]
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