economy
German Defence Minister Boris Pistorius said strict limits on government borrowing in German law cannot be allowed to curtail necessary spending on defence and military preparedness. Pistorius told dpa during a visit to New York on Wednesday that military spending, as well as some emergency response funding, should be excluded from the so-called debt brake rules that are written into Germany's constitution. The controversial debt brake rules, which were added to the German constitution in 2009, only allow the government to rely on borrowing for deficit spending under certain conditions. Pistor...
DPA Breaking News
German Defence Minister Boris Pistorius said strict limits on government borrowing in German law cannot be allowed to curtail necessary spending on defence and military preparedness. Pistorius told dpa during a visit to New York on Wednesday that military spending, as well as some emergency response funding, should be excluded from the so-called debt brake rules that are written into Germany's constitution. The controversial debt brake rules, which were added to the German constitution in 2009, only allow the government to rely on borrowing for deficit spending under certain conditions. Pistor...
DPA Breaking News
The combination of a housing shortage and high construction costs is causing rents in Germany to continue to rise despite falling real estate prices, according to a industry group for German real estate lending banks on Wednesday. In the first quarter, residential real estate in Germany was 4.3% cheaper than a year earlier, according to the Association of German Pfandbrief Banks (vdp). Rents for new leases in apartment buildings, on the other hand, rose by 5.6%. The banking group said rising rents for tenants would not let up anytime soon. "There is immense pressure on the rental housing marke...
DPA Breaking News
Experts believe that Germany hosting the men's European Football Championship in June and July will have no direct effect on the flagging economy. Euro 2024 will be held across 10 cities from June 14-July 14. It is the biggest sporting event to be held in Germany since the 2006 men's football World Cup, which is fondly remembered by Germans as the "summer fairytale" for its cultural - if not necessarily - economic impact. "The Euros could have a positive psychological and indirect effect on the German economy. Hotels and the catering industry in particular will benefit from additional demand, ...
DPA Breaking News
The European Parliament on Wednesday approved a forthcoming law on when workers on platforms like Uber and Deliveroo should be treated as employees. Platforms have argued that such workers are self-employed, excluding them from some European Union labour rights such as paid holidays and sick leave. The Platform Work Directive would classify workers on "gig-economy" apps as employees in cases where platforms control factors such as how much money workers are paid or their working hours, or supervise their performance electronically. EU legislators approved by 554 votes to 56 a draft legal text ...
DPA Breaking News
Hundreds of thousands of people have taken to the streets in Argentina to protest against cuts in the higher education sector. According to the University of Buenos Aires, more than 500,000 demonstrators protested in the capital alone on Tuesday against the strict austerity programme of President Javier Milei's ultra-liberal government. "We are defending the public, open and free university, which is one of the great achievements of our people and which we will not give up," said Nobel Peace Prize winner Adolfo Pérez Esquivel at the central rally in front of the Casa Rosada, the seat of govern...
DPA Breaking News
A new study warns that catastrophic effects of global warming could cause the worldwide economy to shrink by about 20% by the middle of the century, even if future emissions of greenhouse gases are drastically reduced. If emissions aren't reduced, even greater economic damage can be expected, according to researchers at the Potsdam Institute for Climate Impact Research (PIK) in Germany. The study, published on Wednesday in the journal Nature, calculated annual economic damage from climate change at more than $38 trillion per year if climate-damaging emissions aren't significantly reduced. That...
DPA Breaking News
A new study warns that catastrophic effects of global warming could cause the worldwide economy to shrink by about 20% by the middle of the century, even if future emissions of greenhouse gases are drastically reduced. If emissions aren't reduced, even greater economic damage can be expected, according to researchers at the Potsdam Institute for Climate Impact Research (PIK) in Germany. The study, published on Wednesday in the journal Nature, calculated annual economic damage from climate change at more than $38 trillion per year if climate-damaging emissions aren't significantly reduced. That...
DPA Breaking News
Thyssenkrupp Steel's announcement late on Thursday of production cuts at its plant in the western German city of Duisburg has raised alarm and concern among local leaders. Thyssenkrupp management announced that production capacity in Duisburg would be significantly reduced, including through "as yet unquantified job losses." Around 27,000 people currently work for thyssenkrupp Steel, Germany's largest steelmaker and a division of industrial giant thyssenkrupp. About 13,000 of those workers are employed in Duisburg. Trade union leaders responded on Friday that they would only discuss production...
DPA Breaking News
Thyssenkrupp Steel's announcement late on Thursday of production cuts at its plant in the western German city of Duisburg has raised alarm and concern among local leaders. Thyssenkrupp management announced that production capacity in Duisburg would be significantly reduced, including through "as yet unquantified job losses." Around 27,000 people currently work for thyssenkrupp Steel, Germany's largest steelmaker and a division of industrial giant thyssenkrupp. About 13,000 of those workers are employed in Duisburg. A labour agreement between tyssenkrupp Steel and trade unions currently rules o...
DPA Breaking News
閲覧を続けるには、ノアドット株式会社が「プライバシーポリシー」に定める「アクセスデータ」を取得することを含む「nor.利用規約」に同意する必要があります。
「これは何?」という方はこちら