You know. Like how Germany’s export numbers to China have collapsed?
Big drop in German exports to China raises fears over EU’s economic powerhouse – Decrease in demand from Asia’s largest economy sparks concern over how Berlin can fix industrial malaise.
A double-digit drop in German exports to China has rattled Europe’s biggest economy, triggering debate over why its vast manufacturing sector has fallen behind rivals benefiting from a rebound in Chinese demand.
The 11.3 per cent drop in German exports to China in the first four months of the year, compared with the same period a year ago, highlights a unique set of challenges for Europe’s industrial powerhouse, economists say. Carmakers are losing market share in China, chemical producers and other energy-intensive companies are reeling from high power prices, and the euro’s appreciation against the dollar has made German goods less competitive.
Literally, “Job of the Bible’s message.” Bad news, in other words. Evil tidings.
HIOBSBOTSCHAFT FOR GERMAN ECONOMY: Industrial Production Surprisingly Down Sharply.
Germany’s Industrial Plunge Revives Winter Recession Fears – German industrial production sank by the most in a year — raising the risk that Europe’s largest economy slipped into a winter recession.
Output dropped 3.4% in March, more than the 1.5% decline economists had predicted in a Bloomberg survey. The decrease was especially pronounced in the automotive sector, according to the statistics office.
The Big Dig: Germany reopens its mines in quest for mineral self-sufficiency – Berlin wants to reduce its dependence on China by extracting more critical raw materials, such as fluorspar, at home.
“If we really want a revolution in transport and the resources needed for that, there’s no way around this project.”
That’s how it’s always been in today’s Germany. Search here (in the upper left) for “beautiful German weapon sale” to get just a few examples.
Thanks to Putin, Business Is Booming for Germany’s Defense Contractors – As governments rearm in response to Russia’s invasion of Ukraine, the German arms industry is a prime beneficiary, and that’s making some of the public uncomfortable.
Tesla is reportedly looking to add a fourth production shift at Giga Berlin in Germany to double production in hopes of meeting a manufacturing rate of 500,000 vehicles annually.
Tesla has already ramped up its third shift, which helped the automaker obtain a weekly production volume of 5,000 vehicles per week, it confirmed in late March.
Managing Director Jochem Freyer from the employment agency in Frankfurt confirmed to rbb24 that Tesla has filled all of its openings for the third shift, and now the company is considering a fourth shift, which could help the company double its production output from 5,000 vehicles per week to 10,000.
In Germany they can’t afford to stay (energy costs).
In Hungary they can’t afford to pay (baksheesh). Or so they say.
Viktor Orbán Ups the Pressure on German Companies to Leave Hungary – German companies have long been active in Hungary. But now, Viktor Orbán is trying to force some of them to leave. And when they do, his closest allies stand to profit.
Energy price falls spark drop in German and Spanish inflation – Headline pressures ease but investors bet ECB will have to raise interest rates in May.
Some members of the governing council have called for the bank to adopt a more cautious approach after raising interest rates by half a percentage point this month.
The turmoil in the banking sector has also opened up the prospect of a potential credit crunch that could slam the brakes on both inflation and growth in the coming months.
The good news? Germans still have schlechte Laune (they’re still in a bad mood).
The bad news? They’re not in as bad a mood as they ought to be.
German consumer morale slows down on path to recovery – German consumer sentiment is set to nudge up in April as energy prices have relented somewhat from record highs, though a full recovery is not in sight anytime soon, showed a GfK institute survey on Wednesday.
The institute forecast its consumer sentiment index to improve to -29.5 heading into April from a revised reading of -30.6 in March, slightly below the expectations of analysts polled by Reuters of -29.0.
Strike over pay paralyzes rail, air travel in Germany – Trains, planes and public transit systems stood still across much of Germany on Monday as labor unions called a major one-day strike over salaries in an effort to win inflation-busting raises for their members.
The 24-hour walkout — one of the biggest in decades — also affected cargo transport by rail and ship, as workers at the country’s ports and waterways joined the strike.
Do they mean the Energiewende (the Green renewable “energy turnaround”)?
Oh. They’re only talking about Wirecard. Yeah. That one was pretty cool too. Peanuts compared to the Energiewende fraud, though. But still.
The tech company Wirecard was embraced by the German élite. But a reporter discovered that behind the façade of innovation were lies and links to Russian intelligence.
Observing Hermann 