Germany
U.S. supports two permanent UN Security Council seats for Africa, Reuters reports
The United States supports creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing states, U.S. Ambassador to the U.N. Linda Thomas-Greenfield will announce on Thursday. Eduardo Munoz | Reuters The United States supports creating two permanent United Nations Security Council seats for African states and one seat to be rotated among small island developing […]
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Germany to work closely with neighbours in new controls, minister says
A policewoman from the Bavarian border police stops a vehicle at a checkpoint during a press event. Matthias Balk | Picture Alliance | Getty Images Germany will work closely with neighbouring countries in implementing temporary border controls, Interior Minister Nancy Faeser said on Monday, adding that it would keep the impact on border regions as […]
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A Porsche-backed startup is building a massive battery recycling plant to boost Europe’s EV industry
Cylib, a startup backed by Porsche and Bosch, is building a huge electric vehicle battery recycling facility in Dormagen, a town in Germany’s North Rhine-Westphalia region. Cylib A massive battery recycling plant is being built in Germany by Cylib, a startup looking to reduce waste from EV batteries that have reached the end of their […]
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European markets start the week on a positive note
Crowds of shoppers and visitors out on Oxford Street on 28th August 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — European stocks opened higher on Monday, shrugging off more negative sentiment on Wall Street and in Asia-Pacific markets. The pan-European Stoxx 600 index opened 0.47% higher, with all […]
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European stocks end week down 2.5%, worst since early August slump
LONDON — European stocks closed lower Friday afternoon, paring earlier gains after a weaker than expected U.S. jobs report clouded global sentiment. The pan-European Stoxx 600 closed down 1.15%, with all major bourses and almost all sectors ending in the red. Tech and mining stocks saw the biggest losses, shedding 2.39% and 2.41%, respectively. Health […]
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Once the envy of the world, Germany’s car brands now weigh heavily on its struggling economy
Various vehicles and special parts are displayed at Mercedes-Benz Museum, an automobile museum, welcoming its visitors in Stuttgart, Germany on June 28, 2024.. Gokhan Balci | Anadolu | Getty Images Germany’s car industry was once recognized around the world for its high-quality, innovative combustion engine cars. Owning a German car was a luxury and status […]
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Volkswagen braces for showdown with unions after warning of possible German plant closures
The white and blue VW logo stands on the roof of the brand tower on the grounds of the VW plant in Wolfsburg. Picture Alliance | Picture Alliance | Getty Images German automotive giant Volkswagen is bracing for a showdown with trade unions shortly after it said it cannot rule out shutting factories in its […]
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CNBC Daily Open: Bitcoin isn’t really a currency (yet)
People walk past a neon sign advertising a Bitcoin and Ethereum crypto currency exchange in Warsaw, Poland on 19 May, 2024. Jaap Arriens | Nurphoto | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no […]
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Volkswagen warns of plant closures in Germany, citing ‘extremely tense’ situation
A VW Golf GTI stands in a parking lot within sight of the brand tower on the grounds of the VW plant in Wolfsburg. Picture Alliance | Picture Alliance | Getty Images German carmaker Volkswagen on Monday warned it will no longer be able to rule out plant closures in the country, citing the specter […]
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Germany’s fragile coalition dealt fresh blow as far right lands first state win since World War II
German Chancellor Olaf Scholz (R), Finance Minister Christian Lindner (L) and Economy and Climate Action Minister Robert Habeck speak to the media. Sean Gallup | Getty Images News | Getty Images The ruling coalition in Berlin is likely to struggle onward until a nationwide vote next year, according to political commentators, following a historic state […]
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