State of Lower Saxony wants to get into the solar industry

Photo by Nuno Marques
Lower Saxony's Minister of Economics, Olaf Lies, wants to establish solar plant production in his state with state participation. "Our goal is to establish our own solar production capacities in Lower Saxony. We are currently looking into this," the SPD politician told F.A.S. Capacities would have...
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BASF cuts 2,600 jobs but plans to distribute profits

The chemical group BASF is cutting 2,600 jobs and closing roughly 10 percent of its production capacities at its main site...

Online shopping becomes a debt trap for many shoppers

Image by Christian Schroder
The trend toward online shopping, which has been boosted by the Corona pandemic, brings with it a negative side: many...

84 percent inflation in Turkey

Photo by Imad Alassiry
Prices continue to rise exceptionally fast across the board in Turkey. Goods and services became more expensive in...

Binance blows off FTX purchase

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The cancellation of the FTX.com acquisition, announced just a day earlier, pushed bitcoin near $16,000 on Wednesday. The...

German economy defies the crises

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The German economy grew by a surprising 0.3 percent in the third quarter, adjusted for seasonal and calendar effects, the...

Real estate as retirement provision: Owners have an early advantage

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Many people start putting money away at an early age. Often their parents, grandparents or godparents do it first, before...

Turkey now imports twice as much oil from Russia

Turkey has more than doubled its imports of Russian oil this year. Imports have so far totaled an average of more than...

Israel and Turkey resume full diplomatic relations

Image by Gerd Altmann
After years of tensions, Israel and Turkey plan to fully resume diplomatic relations. Both countries have decided to...

Threat of strikes continue to drive up gas prices

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Amid concerns about gas supplies to Europe, a strike by oil and gas workers in Norway could reduce its gas production by...

Bitcoin has not been worth much for a long time

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The original cryptocurrency Bitcoin fell to its lowest level since the end of 2020 at 26,591 US dollars on the Bitfinex...

Beijing wants to force tech companies to withdraw from stock market

This would be the heaviest blow yet in the Chinese government's campaign against the domestic Internet industry, which has...

E-Commerce : cheap purchases from China is over

On July 1, the biggest EU-wide VAT reform since the creation of the Single Market in 1993 comes into force. The reform...

Netflix growth slows

Photo by Thibault Penin
Netflix was considered one of the big winners of the Corona crisis. In the midst of the pandemic, the video service gained...

German companies lagging digital peers

Image by Gerd Altmann
It's hard to imagine a typical workday in Germany without digital technologies from abroad. Video chats via Microsoft...

Billions for Europe's chip industry

Image by Jose Conejo Saenz
The chip industry in Germany and Europe is apparently facing a wave of investment worth billions. After bottlenecks in the...

Three benefits of automation in manufacturing

There're numerous benefits to automation that greatly outweigh the drawbacks. This is especially true in Germany, whereby...

BMW and Daimler team up

BMW and Daimler have just recently merged their mobility services. The next step is now the future cooperation between the...
Image by Gerd Altmann

Real wages fall at record pace due to high inflation

Real wages in Germany fell at a record pace last year due to the highest inflation since the Federal Republic came into...
Image by Alexandra Koch

Inflation in the euro zone falls to 8.5 percent in January

Inflation in the euro zone has continued to fall. As the European statistics office Eurostat in Luxembourg announced on...
Photo by Raymond Kotewicz

Exxon-Mobil takes action against excess profits tax

The Exxon-Mobil group is defending itself against the EU's plan to siphon off particularly high profits that have accrued...
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Executive Board bonuses cause dispute at Lufthansa

Managerial bonuses are often a subject of dispute, and Deutsche Lufthansa now has a conflict over bonus payments to the...
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Inflation in Germany falls to 10.0 percent

The inflation rate in Germany fell in November. As the Federal Statistical Office announced on Tuesday based on an initial...
Photo by Ibrahim Boran

Government and opposition reach agreement worth billions of euros

In negotiations between the Venezuelan government and the opposition, both sides have agreed to invest frozen state funds...

Whatsapp plans revolutionary change for group chats

Whatsapp has recently been working more and more on improving the Messenger app. Especially since major security...
Photo by Daniel Eledut

Airbus counters Boeing's billion-dollar loss

Guillaume Faury remains optimistic. The CEO of the European aerospace group Airbus is sticking to his targets of...

Coalition wants to facilitate immigration of job seekers

In the future, job seekers from abroad should be able to come to Germany more easily and legally. For this purpose, a...
Image by Markus Distelrath

Operation could save 1.3 million tons of CO2

Continued operation of all three still-active nuclear power plants through March could save about 1.3 million metric tons...
Photo by Vladimir Solomianyi

US economy: Inflationary pressure eases slightly

In the U.S., too, people are keeping their money together. They increased their spending in July by only 0.1 percent...
Photo by Omid Armin

Euro continues to weaken against the dollar

The euro has fallen to its lowest level in 20 years and is settling below parity against the dollar. At 0.9909, the common...
Photo by Jason Hafso

Liquid gas from Canada will only be available on a large scale in a few years

Due to the possible drying up of gas imports from Russia, Germany is looking for alternatives. One of them: Canada. The...
Photo by Engin Akyurt

Even fish are now tested for the coronavirus in China

Even fish caught in the sea have to undergo a corona test in China. Videos of fish being swabbed in the mouth with a...

China's exports rise by a surprising 18 percent

China's exports continued to perform unexpectedly strongly in July. Exports rose 18 percent in U.S. dollar terms compared...
Photo by Ellie Meh

Oil production now suffers from long Covid

If we look at the development of the oil price over the past three months, we see parallels with the stock market in...
Photo by Sebastian Bednarek

What follows from iOS 16 for the iPhone 14

When Apple introduces the iPhone 14 in the fall, the also new operating system iOS 16 will also reach older devices. As...
Photo by Nicholas Cappello

Relief over interest rate outlook boosts US stock markets

The U.S. stock markets on Thursday have strongly expanded the previous day's gains. According to stockbrokers, as on the...
Image by Karthikeyan Perumal

Sri Lanka no longer services its debts

After months of crisis, Sri Lanka declared its economic collapse on Tuesday. Debt service on the entire $51 billion debt...
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Germany wants to close airspace for Russian aircraft

In the conflict with Russia, the German government is preparing to close German airspace to Russian aircraft. Federal...
Image by Gerd Altmann

Evergrande announces millions in on-time interest payment

Heavily indebted Chinese real estate group Evergrande has promised to pay millions in interest on time, betting it will...

Home office is a culture change that cannot be ignored

Are all workers back at work this Monday? Certainly not. But the obligation imposed on companies by lawmakers to allow...
Photo by Christian Wiediger

Amazon achieves record profit

Amazon.com continues its rapid growth. The online retailer significantly exceeded expectations with its figures for the...
Photo by Daniel Romero

Apple presents the Turbo iPad

One can only speculate what would have happened if the already easily inflamed fanboys and fangirls had been able to...
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Lufthansa expects a challenging summer

The Lufthansa Group is relying on the desire to travel after months in lockdown for the first step out of the crisis. The...
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Facebook wants to lift block on media content

The Australian government has reached an agreement with Facebook in the dispute over media content on the platform. The...

German exports slump sharply

The Corona crisis tore deep holes in the German export balance last year. Exports of goods slumped by 9.3 percent compared...

Berlin remains top business location despite pandemic

The pandemic has Berlin in its grip - but the city remains an important part of German life. Last year, the state-owned...
Photo by Sara KurfeÃ

German Pandemic response creates record public debt

The poor financial handling of the pandemic has caused German public debt to reach record levels, with the highest...

Green gifts for Black Friday

Nordgreen's rise in the field of sophisticated and stylish consumer watches has been breathtakingly meteoric, which is...

Bauma rules the building world

Bauma 2019 is the world's leading trade fair for construction machinery, building material machines, mining equipment,...

German Federal Government launches sponsoring of games industry

The development of computer games from Germany will from now on be financially supported by the German federal...