China bumps Germany off the top 10 list of most innovative nations – China moved into the top 10 of the United Nations’ annual ranking of most innovative countries for the first time Tuesday, replacing Europe’s largest economy, Germany, as firms in Beijing invest heavily in research and development.
If the Chinese can’t displace the American workforce anymore, then they’ll displace another one (or two, or three…).
The China shock hits Germany – Trade with China displaced large parts of the American workforce in the 2000s, but Germany did not experience a similar shock at the time…
What’s not to like? This isn’t rocket science for businesses here. For businesses that are still here, I should say.
Germany’s biggest sports retailer considers moving production to China – Intersport eyes spare Chinese manufacturing capacity as Nike and Adidas back away from the country amid trade war.
One of the world’s largest sporting goods retailers is considering shifting production to China, just as brands including Nike and Adidas move production out of the country in response to US tariffs.
Germany summons Chinese envoy over laser-targeting of surveillance plane – Berlin says incident risked lives of military personnel protecting Red Sea shipping.
A German defence ministry spokesperson said the aircraft involved in the incident earlier this month was a multi-sensor platform plane. Known as a “flying eye” for its wide-range surveillance capabilities over the sea, it is piloted by civilians with military personnel on board…
It was not the first time the Chinese military has been accused of using lasers against western forces, a move that can temporarily blind pilots and affect aircraft electronics systems.
“On this point, Donald is right — there is a serious problem,” EU Commission President Ursula von der Leyen said, as she slammed Beijing for disrupting global trade with subsidies to boost its own companies – accusing the CCP of “weaponizing” its leading position in the production and refinement of raw materials used for cars, batteries and wind turbines.
She then encouraged Trump to join forces with US allies to address China’s trade imbalances, rather than punishing them with his own tariff scheme.
“When we focus our attention on tariffs between partners, it diverts our energy from the real challenge — one that threatens us all.”
Dow surges 2,300 points for biggest rally in 5 years after Trump pauses some tariffs – Stocks surged Wednesday after President Donald Trump announced a pause in some of the ‘reciprocal’ tariffs, causing a market that’s been under extreme pressure for the last week to explode higher.
The S&P 500 skyrocketed 7.6%, on pace for its biggest one-day gain in five years. The Dow Jones Industrial Average advanced 2,423 points, or 6.4%, also its biggest gain since 2020. The Nasdaq Composite jumped 9.8%.
Report: In 2020, German Government Concluded Lab Leak Odds Were 80 to 95 Percent – According to research by ZEIT and the Süddeutsche Zeitung , the German foreign intelligence service is said to have initiated investigations into the origin of the coronavirus as early as 2020. Until now, an animal market in Wuhan had been suspected as the trigger for the global pandemic.
However, the BND’s investigations led to a different conclusion. According to the BND, the virus originated in a Chinese laboratory with a probability of “80 to 95 percent.” In addition to a series of animal experiments, research was also conducted there on the effects of coronaviruses on the human brain. At that time, an “unusually large amount of knowledge about the supposedly novel virus” was already available, according to the research. The result of the investigation, which has not yet been conclusively proven, therefore also raises questions about the responsibility of the Chinese government in the coronavirus pandemic.
No, not Annalena. Else. Next time somebody called Else will warn them.
Germany’s Baerbock warns China over Russia support – Germany’s Annalena Baerbock made her second visit to Beijing since taking office. In addition to discussing Russia’s war in Ukraine, Baerbock urged China to “engage constructively” over EV tariffs.
Russia arrests German citizen on sabotage charges – The Russian Federal Security Service said a German man was involved in organizing an explosion in Kaliningrad and had returned to Russia “to organize acts of sabotage…”
Russian authorities have repeatedly arrested foreign citizens on hotly disputed charges, including in several incidents that Western governments have denounced as false or trumped-up cases.
Volkswagen AG workers in Germany will pause production on Monday to join rallies about the automaker’s plans for unprecedented factory closures in the country.
Labor leaders plan to inform employees at 11 German sites about the latest on negotiations with the company. The events kick off a contentious week for Europe’s biggest carmaker, which is expected to post declining sales and profit when it reports third-quarter results on Wednesday…
The automaker has had a rough few weeks since it issued its second profit warning in three months in late September. While its premium brands including Audi and Porsche have been the carmaker’s biggest source of profit in recent years, they’re now struggling. Porsche AG on Friday said it’s weighing cost cuts and reviewing its model lineup after a demand slump in China hit its profits.