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DARK SECRETS: 8 - The Real Truth

Germans aren’t buying Scholz’s plan to keep them safe and rich

Chancellor Olaf Scholz is struggling to persuade Germans he can handle the litany of troubles looming over the country he has led since 2021.

Tribune News Service

German Cabinet approves a lower 2024 budget as it eyes a return to financial 'normality'

Germany’s Cabinet has approved a draft 2024 budget that foresees lower spending with defense among the exceptions

The Independent UK

Intel soaks up Europe’s chip anxieties and subsidies

The U.S. giant will take over $10 billion in German subsidies for two new plants in Magdeburg.

Fortune

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Intel asks for more money to build its German megafab, government says nein

Intel's plant would be the biggest foreign investment in postwar Germany.

PC Gamer

Germany Refuses to Increase Subsidies for Intel's Fab

Germany does not have budget money to provide extra funding for Intel's fab.

Tom’s Hardware

Exclusive-G7 summit statement to target China's 'economic coercion' -source

Leaders of the Group of Seven (G7) countries are set to discuss concern about China's use of "economic coercion" in its dealings abroad as part of their larger joint statement next week, according to a U.S. official familiar with the discussions.

Reuters

Russia-Ukraine war at a glance: what we know on day 443 of the invasion

Russia’s defence ministry has denied reports that Ukrainian forces had broken through in Bakhmut; Turkey’s defence minister has said Black Sea grain initiative is approaching an extension

The Guardian - AU

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U.S., German ministers discuss efforts to counter Russian sanctions evasion

U.S. Treasury Secretary Janet Yellen met German Finance Minister Christian Lindner on Friday, underscoring the importance of working together to counter evasion of Western sanctions imposed on Russia over its war in Ukraine, Treasury said.

Reuters

G7 finance chiefs debate reducing supply chain reliance on China

Finance leaders of the Group of Seven (G7) advanced economies discussed the need to make global supply chains more resilient by reducing over-reliance on China, German Finance Minister Christian Lindner said on Friday.

Reuters

German chancellor, state officials meet for migration summit

German Chancellor Olaf Scholz is holding a summit with top officials of the country’s 16 states over the growing number of asylum-seekers and the lack of housing and spaces in schools or kindergartens for them

The Independent UK

China says it won't seek to benefit from war in Ukraine

China’s foreign minister says his country has no intention of benefiting from the war in Ukraine and hopes for further talks on a peace plan Beijing proposed earlier this year

The Independent UK

German customs to play key role in curbing crime, money laundering

German customs will be strengthened to play a key role in the fight against organised crime and money laundering, and illegally obtained assets will be confiscated, German Finance Minister Christian Lindner said on Wednesday.

Reuters

'Keep Calm and Carry On' has turned into accept 'we're all worse off' for Brits—and they're furious

The nation known for its stiff upper lip is refusing to accept it's getting poorer, the chief economist at its central bank said.

Fortune

Germany plans to ban installation of most oil and gas heating from 2024

Bill due before Bundestag in June would encourage homeowners to switch to renewables

The Guardian - UK

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The Guardian - UK

‘I’m all for climate change’: Axel Springer CEO faces heat over leaked messages

Mathias Döpfner’s reported comments on climate, Muslims and east Germany – and his apparent political manoeuvring – create shock waves

Reuters

Germany unveils immigration reform plan to tackle labour shortages

Germany on Wednesday unveiled draft reforms on immigration, skills training and promoting immigration from Western Balkan countries, a bid by Chancellor Olaf Scholz's government to plug labour shortages in Europe's largest economy.

Reuters

Factbox-Main results of Germany's marathon coalition negotiations

Germany's governing coalition on Tuesday presented the results of 30 hours of negotiations aimed at resolving a dispute that has threatened to hold up major policy initiatives in Europe's largest economy. Here are the main conclusions:

Reuters

German coalition government ends dispute after marathon negotiations

Germany's ruling coalition government on Tuesday presented the results of 30-hour negotiations aimed at resolving a spat that has threatened to delay major policy initiatives in Europe's top economy.

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Reuters

German governing coalition fails to settle disputes after 20 hours of talks

The three parties in Germany's governing coalition on Monday ended 20 hours of talks without resolving disputes over spending and other issues although Chancellor Olaf Scholz said they achieved "very good progress."

Reuters

Germany at a standstill as huge strike halts planes and trains

Airports and bus and train stations across Germany were at a standstill on Monday, causing disruption for millions of people during one of the largest walkouts in decades in Europe's biggest economy as soaring inflation stokes wage demands.

The Guardian - UK

Bank runs, bailouts, rescues: are the ghosts of 2008 rising again?

The travails of Credit Suisse and others have stirred up bad memories for a public still scarred by the financial crisis

The Guardian - UK

Credit Suisse shares continue to fall despite efforts to calm nerves

Lifelines handed to Swiss bank and US regional bank First Republic fail to ease investor concerns

Asharq Al-Awsat

G20 Warns War Repercussions Exacerbate Global Economy Fragility

Finance ministers of the world's largest economies on Saturday strongly condemned Moscow's war on Ukraine, with only China and Russia refusing to sign a joint statement. India, the current chair of the Group of Twenty (G20), was reluctant to raise the issue of the war, but Western countries insisted they…

The Guardian - UK

Thousands protest in Berlin against giving weapons to Ukraine

About 13,000 people gather at Brandenburg Gate, as demonstrations also take place in other German cities

Asharq Al-Awsat

Protest in Berlin over Arming Ukraine against Russia Draws Thousands

A demonstration against supplying Ukraine with weapons for war with Russia attracted 10,000 people on Saturday, drawing criticism from top German government officials and a large police presence to maintain order. Organized by a prominent left-wing German politician, the protest comes a day after the one-year anniversary of Russia's invasion…

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