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The Latest Breaking News from Destatis

German exports fall for first time in five months, deepening recovery fears

Germany's export engine is sputtering. Shipments fell in July for the first time in five months, as weaker demand from China and the eurozone outweighed a rebound in US trade.

Euronews

At least 12,000 excess deaths in Europe's June heatwave: AFP analysis

Record heatwaves across Europe caused over twelve thousand excess deaths. National statistics from nine countries revealed the significant human toll. Provisional data indicated a dramatic rise in mortality during June's heatwave. Experts warned that governments must treat heat as a health emergency. The summer is not yet over, and more…

The Economic Times

German industrial output rises for the first time this year but is still 'too little'

An uptick of 0.4% in Germany's April factory output and a rise in exports offer little cause for celebration as new orders collapse, energy prices soar and Europe's largest economy continues to struggle to find solid footing.

Euronews

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Pressure On Merz As Trump Tariffs Hit German Economy

Germany's economy shrank more than expected in the second quarter as US tariffs battered exports, official data showed Friday, ramping up pressure on Chancellor Friedrich Merz to turn Europe's top economy around.

International Business Times

Germany Factory Output Lowest Since Pandemic In 2020

German industrial production slumped in June to its lowest level since the pandemic in 2020, data showed Thursday, underlining the fragility of Europe's top economy even before US President Donald Trump's new tariffs kicked in.

International Business Times

Russia-Ukraine war: List of key events, day 1,204

These are the key events on day 1,204 of Russia’s war on Ukraine.

Al Jazeera

German Growth Upgraded On Pre-tariff Export Surge

Germany's economy grew more than previously thought at the start of the year, as its exports surged before US President Donald Trump imposed sweeping tariffs, official data showed Friday.

International Business Times

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Germany Logs Record US Surplus Amid Trump Tariff Fears

Germany logged a record trade surplus with the United States last year, data showed Friday, news that could stoke tensions with US President Donald Trump as he threatens the EU with tariffs.

International Business Times

German Economy Shrinks Again Amid Political Crisis

Germany's economy shrank for a second straight year in 2024, official figures showed Wednesday, with little hope of a speedy recovery as Europe's traditional powerhouse is also mired in political crisis.

International Business Times

German GDP Downgraded In New Blow For Struggling Economy

German third-quarter growth was downgraded Friday with official data showing it expanded even more weakly than previously thought, in a new blow for Europe's top economy as it battles multiple headwinds.

International Business Times

Germany can't get its hands on important economic indicators because of a long-due tech update

A tech overhaul at Germany's Destatis has meant that Europe’s largest economy hasn’t been able to publish some key economic data points since May.

Fortune

Pound hits two-year high against US dollar; White House ‘pressured’ Facebook on Covid-19 content – as it happened

Live coverage of business, economics and financial markets as Federal Reserve rate cuts drive US dollar lower

The Guardian - UK

German Economy Unexpectedly Shrinks In Second Quarter

The German economy unexpectedly shrank in the second quarter, preliminary data showed Tuesday, falling further behind as a recovery takes hold elsewhere across the eurozone.

International Business Times

German Economy Shrank At End Of 2023: Data

The German economy contracted at the end of 2023, official data showed Tuesday, the latest gloomy news for Europe's export powerhouse as it battles high inflation and a manufacturing slowdown.

International Business Times

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International Business Times

German Economy Shrank In 2023 On Energy, Export Woes

The German economy shrank slightly in 2023, official data showed Monday, as costly energy, high interest rates and cooling foreign demand took their toll on Europe's export giant.

The Guardian - UK

John Lewis boss Sharon White wins staff confidence vote; US inflation slows to 4.9% – as it happened

Staff criticise retail performance, as John Lewis boss pledges group will always remain employee-owned

The Guardian - UK

Crossrail to finally open; German exports to Russia plunge; climate protests at Barclays AGM – as it happened

London’s Elizabeth line finally launching, while German exports to Russia fell nearly two-thirds in March and climate activists have disrupted two bank AGMs

People

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