Germany reportedly set to extend lockdown until the end of March

Business Insider reports on the matter Adding that German authorities are also mulling loosening lockdown measures a little more but general restrictions should still apply through to the end of the month. For some context, the current restrictions are set to run through to 7 March but the government and state leaders are to meet […]

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Germany urges Taiwan to help ease auto chip shortage

2/2 © Reuters. Logo of Taiwan Semiconductor Manufacturing Co (TSMC), in Hsinchu 2/2 By Michael Nienaber BERLIN/TAIPEI (Reuters) – Germany has asked Taiwan to persuade Taiwanese manufacturers to help ease a shortage of semiconductor chips in the auto sector which is hampering its fledgling economic recovery from the COVID-19 pandemic. Automakers around the world are […]

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Euro Shrugs Off Strong Growth in Germany, Heads for Two-Month Slump

© Reuters. By Yasin Ebrahim Investing.com – The euro fell sharply against the dollar Friday and is on course for a second straight month of declines for the first time since February, as investors fear strong quarterly economic growth in Germany will prove transitory as the spread of the virus gathers pace. fell 0.25% to […]

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Exclusive: EU chair Germany proposes rule of law scheme for getting bloc’s cash – document

© Reuters. FILE PHOTO: European Union flags flutter outside the European Commission headquarters in Brussels By Gabriela Baczynska BRUSSELS (Reuters) – European Union chair Germany has proposed a rule of law conditionality scheme for accessing the bloc’s funds, including the new 750 billion euro coronavirus economic recovery fund, according to a document seen by Reuters. […]

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Germany plans reform to avoid bankruptcy wave due to corona

© Reuters. FILE PHOTO: German Justice Minister Lambrecht news conference after virtual meeting with the EU Ministers of Justice in Berlin BERLIN (Reuters) – Germany would relax insolvency rules under proposals set out on Saturday to help avert a wave of bankruptcies in Europe’s biggest economy, provided companies hit by the coronavirus crisis have a […]

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Germany July preliminary CPI -0.1% vs +0.1% y/y expected

Latest data released by Destatis – 30 July 2020 Prior +0.9% CPI 0.0% vs -0.3% m/m expected Prior +0.6% HICP -0.5% vs +0.3% y/y expected Prior +0.8% HICP -0.5% vs -0.2% y/y expected Prior +0.7% Headline German inflation falls into deflation territory for the first time since April 2016, as price pressures declined sharply in […]

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Germany could take further public stakes in companies: minister

© Reuters. German minister, CureVac shareholder Hopp give statement BERLIN (Reuters) – Germany will take further stakes in companies threatened by the coronavirus crisis, Economy Minister Peter Altmaier said, adding that “probably a few dozen” firms might follow airline group Lufthansa (DE:) in passing into partial state ownership. Shareholders backed a 9 billion euro government […]

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