State of Lower Saxony wants to get into the solar industry

Photo by Nuno Marques
Lower Saxony's Minister of Economics, Olaf Lies, wants to establish solar plant production in his state with state participation. "Our goal is to establish our own solar production capacities in Lower Saxony. We are currently looking into this," the SPD politician told F.A.S. Capacities would have...
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BASF cuts 2,600 jobs but plans to distribute profits

The chemical group BASF is cutting 2,600 jobs and closing roughly 10 percent of its production capacities at its main site...

Online shopping becomes a debt trap for many shoppers

Image by Christian Schroder
The trend toward online shopping, which has been boosted by the Corona pandemic, brings with it a negative side: many...

84 percent inflation in Turkey

Photo by Imad Alassiry
Prices continue to rise exceptionally fast across the board in Turkey. Goods and services became more expensive in...

Binance blows off FTX purchase

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The cancellation of the FTX.com acquisition, announced just a day earlier, pushed bitcoin near $16,000 on Wednesday. The...

German economy defies the crises

Image by Gerd Altmann
The German economy grew by a surprising 0.3 percent in the third quarter, adjusted for seasonal and calendar effects, the...

Real estate as retirement provision: Owners have an early advantage

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Many people start putting money away at an early age. Often their parents, grandparents or godparents do it first, before...

Turkey now imports twice as much oil from Russia

Turkey has more than doubled its imports of Russian oil this year. Imports have so far totaled an average of more than...

Israel and Turkey resume full diplomatic relations

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After years of tensions, Israel and Turkey plan to fully resume diplomatic relations. Both countries have decided to...

Oil production now suffers from long Covid

Photo by Ellie Meh
If we look at the development of the oil price over the past three months, we see parallels with the stock market in...

Relief over interest rate outlook boosts US stock markets

Photo by Nicholas Cappello
The U.S. stock markets on Thursday have strongly expanded the previous day's gains. According to stockbrokers, as on the...

Germany wants to close airspace for Russian aircraft

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In the conflict with Russia, the German government is preparing to close German airspace to Russian aircraft. Federal...

Spanish Massive Consumers changes of habits

The Spanish consumer has changed remarkably their shopping habits since the beginning of the COVID pandemia. The journal...

German companies lagging digital peers

Image by Gerd Altmann
It's hard to imagine a typical workday in Germany without digital technologies from abroad. Video chats via Microsoft...
Image by Gerd Altmann

Real wages fall at record pace due to high inflation

Real wages in Germany fell at a record pace last year due to the highest inflation since the Federal Republic came into...
Image by Alexandra Koch

Inflation in the euro zone falls to 8.5 percent in January

Inflation in the euro zone has continued to fall. As the European statistics office Eurostat in Luxembourg announced on...
Photo by Raymond Kotewicz

Exxon-Mobil takes action against excess profits tax

The Exxon-Mobil group is defending itself against the EU's plan to siphon off particularly high profits that have accrued...
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Executive Board bonuses cause dispute at Lufthansa

Managerial bonuses are often a subject of dispute, and Deutsche Lufthansa now has a conflict over bonus payments to the...
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Inflation in Germany falls to 10.0 percent

The inflation rate in Germany fell in November. As the Federal Statistical Office announced on Tuesday based on an initial...
Photo by Ibrahim Boran

Government and opposition reach agreement worth billions of euros

In negotiations between the Venezuelan government and the opposition, both sides have agreed to invest frozen state funds...

Whatsapp plans revolutionary change for group chats

Whatsapp has recently been working more and more on improving the Messenger app. Especially since major security...
Photo by Daniel Eledut

Airbus counters Boeing's billion-dollar loss

Guillaume Faury remains optimistic. The CEO of the European aerospace group Airbus is sticking to his targets of...

Coalition wants to facilitate immigration of job seekers

In the future, job seekers from abroad should be able to come to Germany more easily and legally. For this purpose, a...
Image by Markus Distelrath

Operation could save 1.3 million tons of CO2

Continued operation of all three still-active nuclear power plants through March could save about 1.3 million metric tons...
Photo by Vladimir Solomianyi

US economy: Inflationary pressure eases slightly

In the U.S., too, people are keeping their money together. They increased their spending in July by only 0.1 percent...
Photo by Omid Armin

Euro continues to weaken against the dollar

The euro has fallen to its lowest level in 20 years and is settling below parity against the dollar. At 0.9909, the common...
Photo by Jason Hafso

Liquid gas from Canada will only be available on a large scale in a few years

Due to the possible drying up of gas imports from Russia, Germany is looking for alternatives. One of them: Canada. The...
Photo by Engin Akyurt

Even fish are now tested for the coronavirus in China

Even fish caught in the sea have to undergo a corona test in China. Videos of fish being swabbed in the mouth with a...
Image by Steve Buissinne

Gas surcharge will be 2.4 cents

The exact amount of the gas levy to rescue systemically important gas importers is now known: It will be 2.419 cents per...

China's exports rise by a surprising 18 percent

China's exports continued to perform unexpectedly strongly in July. Exports rose 18 percent in U.S. dollar terms compared...
Image by Rudy and Peter Skitterians

Threat of strikes continue to drive up gas prices

Amid concerns about gas supplies to Europe, a strike by oil and gas workers in Norway could reduce its gas production by...
Photo by Sebastian Bednarek

What follows from iOS 16 for the iPhone 14

When Apple introduces the iPhone 14 in the fall, the also new operating system iOS 16 will also reach older devices. As...
Image by Michael Wuensch

Bitcoin has not been worth much for a long time

The original cryptocurrency Bitcoin fell to its lowest level since the end of 2020 at 26,591 US dollars on the Bitfinex...
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Sri Lanka no longer services its debts

After months of crisis, Sri Lanka declared its economic collapse on Tuesday. Debt service on the entire $51 billion debt...

Home office is a culture change that cannot be ignored

Are all workers back at work this Monday? Certainly not. But the obligation imposed on companies by lawmakers to allow...

E-Commerce : cheap purchases from China is over

On July 1, the biggest EU-wide VAT reform since the creation of the Single Market in 1993 comes into force. The reform...
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How Tiktok wants to better protect minors

The new year could have started better for Tiktok. At the end of January, a ten-year-old girl who had taken part in a...
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Facebook wants to lift block on media content

The Australian government has reached an agreement with Facebook in the dispute over media content on the platform. The...