Germany
Union Warns Volkswagen May Cut Up to 140,000 Jobs
Planned reorganization at Volkswagen could affect up to 140,000 jobs, unions warn. Management will present a cost-cutting plan on August 25.
Kazakhstan May Resume Oil Supplies to Germany via Druzhba Pipeline
Kazakhstan has temporarily suspended oil supplies to Germany via the Druzhba pipeline due to technical constraints but is ready to resume them after issues are resolved and agreements are reached.
Abnormal Heat in Europe Claims Over 16,000 Lives in a Week
A week of extreme heat in June 2026 led to a historic spike in mortality in Europe, with 16,000 more deaths than usual, particularly affecting northern countries.
German Auto Industry Employment Hits 20-Year Low
Employment in Germany's automotive sector fell to 691,500, the lowest since 2005, due to cost-cutting and weak sales in China.
Eurozone GDP grows 0.4% in Q2, fastest in five quarters
The eurozone economy expanded by 0.4% in the second quarter of 2024 compared with the previous quarter, the fastest pace in five quarters, according to revised data from Eurostat.
Germany's Trade Deficit with China Widens to €55 Billion
In the first half of 2026, Germany's trade deficit with China increased from €40 billion to €55 billion, with exports down 12% and imports up 8.9%.
Bloomberg: Germany's GDP to Grow 1.1% in 2027
Analysts forecast Germany's GDP to grow 1.1% in 2027 and 1.2% in 2028, driven by infrastructure and defense spending.
Public Debt in 16 EU Countries Hits Record Highs in Q1
The combined public debt of EU countries rose to €15.705 trillion, setting an all-time record. The highest debts were in France, Italy, and Germany.
Azerbaijan and Germany Sign Strategic Partnership Declaration
Azerbaijan and Germany signed a Joint Declaration on a Strategic Agenda for bilateral partnership, agreeing to expand cooperation in trade, investment, and energy, including green energy and hydrogen.
Lufthansa Ready to Resume Flights to Iran
German airline Lufthansa has announced its readiness to resume flights to Iran.