industry
German industry sees the international competitiveness of Europe's biggest economy deteriorating, researchers at the leading ifo Institute said on Tuesday. According to the monthly surveys conducted by the Munich-based researchers, companies are reporting that they have been losing ground within the European Union since the third quarter of 2022 and in non-European markets since the first quarter of 2022. "It is becoming more difficult for German industry to compete," said Klaus Wohlrabe, head of the ifo surveys. Almost all branches of industry reported a worse competitive position for the fir...
DPA Breaking News
Washington (AFP) - It is "vital and urgent" for the United States and allies to find a way to tap immobilized Russian assets in helping Ukraine, US Treasury Secretary Janet Yellen said in prepared remarks released Monday. The excerpts of her speech, to be delivered Tuesday in Frankfurt, come as finance leaders of the Group of Seven industrialized nations are due to gather later this week. G7 allies are warming to a US plan that can raise around $50 billion for Ukraine, the Financial Times reported on Monday. The plan involves a G7 loan backed by future profits from around $350 billion of Russi...
AFP
With EU leaders sharpening their focus on global competition after a five-year political cycle marked by the European Green Deal, clean tech companies are warning the EU must do something to match the multi-billion-dollar support US competitors enjoy under the Biden administration’s Inflation Reduction Act – not to mention state-supported mass production in low-wage China. Following the momentum of the Antwerp Declaration, where industry leaders enjoyed the support of EU Council presidency holder Belgium in a call for less regulation and a renewed focus on industrial competitiveness, Bill Gate...
Euronews (English)
German industry called for further government reforms to promote economic growth and cut red tape at the opening on Monday of the Hanover Fair, one of the world's largest industrial trade fairs. Amid projections of a decline in industrial production of 1.5% this year compared with last, Siegfried Russwurm, president of the Federation of German Industries (BDI), said current reforms launched by Germany's coalition government were completely inadequate. "Despite moderate prospects for recovery, we should not pretend. Overall, production data have shown a worrying downward trend for years," he sa...
DPA International
German industry called for further government reforms to promote economic growth and cut red tape at the opening on Monday of the Hanover Fair, one of the world's largest industrial trade fairs. Amid projections of a decline in industrial production of 1.5% this year compared with last, Siegfried Russwurm, president of the Federation of German Industries (BDI), said current reforms launched by Germany's coalition government were completely inadequate. "Despite moderate prospects for recovery, we should not pretend. Overall, production data have shown a worrying downward trend for years," he sa...
DPA Breaking News
German industry called for further government reforms to promote economic growth and cut red tape at the opening on Monday of the Hanover Fair, one of the world's largest industrial trade fairs. Amid projections of a decline in industrial production of 1.5% this year compared with last, Siegfried Russwurm, president of the Federation of German Industries (BDI), said current reforms launched by Germany's coalition government were completely inadequate. "Despite moderate prospects for recovery, we should not pretend. Overall, production data have shown a worrying downward trend for years," he sa...
DPA
German industry called for further government reforms to promote economic growth and cut red tape at the opening on Monday of the Hanover Fair, one of the world's largest industrial trade fairs. Amid projections of a decline in industrial production of 1.5% this year compared with last, Siegfried Russwurm, president of the Federation of German Industries (BDI), said current reforms launched by Germany's coalition government were completely inadequate. "Despite moderate prospects for recovery, we should not pretend. Overall, production data have shown a worrying downward trend for years," he sa...
DPA
German industry called for further government reforms to promote economic growth and cut red tape at the opening on Monday of the Hanover Fair, one of the world's largest industrial trade fairs. Amid projections of a decline in industrial production of 1.5% this year compared with last, Siegfried Russwurm, president of the Federation of German Industries (BDI), said current reforms launched by Germany's coalition government were completely inadequate. "Despite moderate prospects for recovery, we should not pretend. Overall, production data have shown a worrying downward trend for years," he sa...
DPA International
German industry called for further government reforms to promote economic growth and cut red tape at the opening on Monday of the Hanover Fair, one of the world's largest industrial trade fairs. Amid projections of a decline in industrial production of 1.5% this year compared with last, Siegfried Russwurm, president of the Federation of German Industries (BDI), said current reforms launched by Germany's coalition government were completely inadequate. "Despite moderate prospects for recovery, we should not pretend. Overall, production data have shown a worrying downward trend for years," he sa...
DPA Breaking News
German Chancellor Olaf Scholz hopes that the Hannover Messe - one of the world's largest trade fairs - will provide new impetus for the energy transition and strengthen the competitiveness of German industry. "What our country will live on in future is what can be seen here at this trade fair: That we develop new things, that we continuously improve products, that we research and apply pioneering technologies," Scholz said on Sunday evening at the opening of the world's largest exhibition for mechanical and electrical engineering. With its focus on artificial intelligence (AI) and solutions fo...
DPA International
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