US chip giant can no longer commit to starting construction by mid-2023, Volksstimme reports. U.S. tech giant Intel is backing away from plans to start construction in the first half of 2023 on a “mega-fab” semiconductor plant in Germany, according … Read More
FRANKFURT, Dec 15 (Reuters) – Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago. That’s the cumulative scale of the … Read More
Twenty-five people have been arrested in raids across Germany on suspicion of plotting to overthrow the government. The group of far-right and ex-military figures are said to have prepared for a “Day X” to storm the Reichstag parliament building and … Read More
Germany nationalized Uniper, its largest utility company and importer of natural gas, on Sept. 21, in a move to keep its domestic energy industry afloat and to avert a collapse of the energy sector. The government in Berlin had earlier … Read More
Germany is ready to become a leader on European security and must become the “best equipped armed force” in Europe, Chancellor Olaf Scholz said on Friday. “As the most populous nation with the greatest economic power and a country in … Read More
Poland’s top politician said Thursday that the government will seek equivalent of $1.3 trillion in reparations from Germany for the Nazis’ World War IIinvasion and occupation of his country. Jaroslaw Kaczynski, leader of the Law and Justice party, announced the … Read More
(RTTNews) – Germany’s consumer price inflation accelerated more-than-expected in August, after easing in the previous two months, to its highest level in almost half a century as the European Central Bank policymakers prepare to deliver at least a 50 basis … Read More
—Germany wants to repurpose part of the Nord Stream 2 pipeline for an LNG terminal, according to Der Spiegel. —The Russia-owned gas pipeline is not in use after Berlin vowed not to make it operational due to the war in … Read More
As Russia’s invasion of Ukraine spurs the German government to rebuild its military, Israel offers much of what it lacks. Last month, Chancellor Olaf Scholz made a special address to the Bundestag and the German public, in which he declared … Read More
Chancellor Scholz has promised to make the Bundeswehr the “biggest conventional army” among European NATO member states. The German military will contribute considerably to the strengthening of NATO’s east flank, the country’s Chancellor, Olaf Scholz, has announced. He also promised … Read More