Germany could be forced to suspend a constitutional law that limits borrowing for a fourth consecutive year, after court ruling upended Chancellor Olaf Scholz’s spending plans and threw his government into chaos.
Author: MELISSA EDDY
Germany Freezes Government Spending as Budget Crisis Deepens
The government, scrambling to fill a budget gap in the wake of a court ruling, said it would halt future spending commitments.
A New Place to Learn Civics: The Workplace
Fearing that rising distrust could spell doom for businesses, some companies are offering employees lessons in democracy.
Where German Cars Falter, E-Bikes Gain in Power
E-bikes sales in Germany have jumped, as drivers, suppliers and even automakers embrace their role in the future of transportation.
Chinese Cars Star at Munich Auto Show, Underscoring German Economic Woes
China, an electric-vehicle juggernaut, will have at least seven brands on display, while Germany’s automakers are now a drag on their home economy.
Tesla Wants to Double Size of Its German Factory
The electric automaker wants to produce a million cars a year at its plant near Berlin, a step that would make it Europe’s largest car factory.
German Government Slashes Spending, Except on the Military
The proposed package foresees spending about 6 percent less in 2024 from this year, in a return to financial austerity. But the severity of the cuts to social services drew sharp criticism.
Battery Factories Are Driving Chinese Investment in Europe
Although China is investing less in Europe overall, Chinese battery producers are building factories to meet the demands of the region’s growing need for electric vehicles.
Eurozone Inflation Rises as Policymakers Weigh a Rate Increase
The annual rate of inflation reached 7 percent, but the underlying “core” rate eased for the first time in 10 months.
Heat Pump Maker’s $13.3 Billion Sale Raises Questions in Germany
Carrier Global Corp., plans to acquire a unit of Viessmann Group that produces heat pumps, seen in Berlin as the heating solution for Germany’s green future.