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NIO official partner of 2023 Bits & Pretzels Founders Festival

NIO official partner of 2023 Bits & Pretzels Founders Festival

January 1, 1970 • 01:00 AM

NIO, the international company for intelligent premium electric vehicles, will be the official mobility partner of the renowned Bits & Pretzels Founders Festival (September 24-26, 2023) in Munich, for the first time. Every year, Europe's leading start-up festival brings together more than 5,000 founders, investors and startup enthusiasts from all over the world for mutual exchange, networking and inspiration. The partnership envisages NIO as the official mobility partner for all aspects of...

Munich startups aid employment

Munich startups aid employment

January 1, 1970 • 01:00 AM

The first "Munich Startup Employment Report" shows: Munich startups have had an impressive impact on the job market. Over a thousand Munich startups that were established since 2009 were examined in a recent report. In total these startups brought about 23,000 new jobs to the Bavarian capital. The mobility, healthcare, and enterprise software industries account for about half of these, with fintech and the energy industry following. The "flywheel effect," in which the startup ecosystem's...

Labor is German chip sector's biggest challenge

Labor is German chip sector's biggest challenge

January 1, 1970 • 01:00 AM

Behind the Iron Curtain, chip development was centered in the former East German city of Dresden. Both in Dresden and the area around it, that legacy is still present. Today, more than three decades later, Saxony supplies one in three of the semiconductors produced in Europe. . Millions of dollars have been invested in the state, and Saxony, the rumored location of a future TSMC plant, is home to fabrication facilities, or "fabs," for firms like Infineon, Bosch, and Globalfoundries. But the...

Airbus doubles production in China

Airbus doubles production in China

January 1, 1970 • 01:00 AM

When the Chinese Aircraft Procurement Authority ordered around 300 new aircraft from Airbus for the state-owned airlines last year, at first glance this was not linked to any quid pro quo, as is usual in such cases. China simply seemed to need to buy a lot of new Airbus jets in order to be able to demonstrate the growth it was aiming for in air traffic. Since French President Emmanuel Macron showed up in Beijing last week with a large business delegation, people have been proven wrong. The...

British central bank raises key interest rate

British central bank raises key interest rate

January 1, 1970 • 01:00 AM

The British central bank is continuing its fight against high inflation with another interest rate hike. The key interest rate will rise by 0.25 percentage points to 4.25 percent, as the Bank of England announced on Thursday in London after its meeting. The British banking system is "resilient," the central bankers said. In the short term, the economic outlook for the U.K. is better than it was in February, they said. The Bank of England (BoE) thus continues to push up the key interest rate in...

State of Lower Saxony wants to get into the solar industry

State of Lower Saxony wants to get into the solar industry

January 1, 1970 • 01:00 AM

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 to be in the gigawatt range for the project to make economic sense, he emphasized. The goal, he said, is to reduce dependence on imports from Chinese solar module manufacturers. In this regard, the...

BASF cuts 2,600 jobs but plans to distribute profits

BASF cuts 2,600 jobs but plans to distribute profits

January 1, 1970 • 01:00 AM

The chemical group BASF is cutting 2,600 jobs and closing roughly 10 percent of its production capacities at its main site in Ludwigshafen. The group is holding out the prospect of a stable dividend of 3.40 euros for shareholders for the crisis year 2022, notwithstanding the drop in profits, for a total of 3 billion euros. These are the key points of the forecast presented on Friday and the much-anticipated shape of the announced savings program for the European plants. The number of jobs to be...

Real wages fall at record pace due to high inflation

Real wages fall at record pace due to high inflation

January 1, 1970 • 01:00 AM

Real wages in Germany fell at a record pace last year due to the highest inflation since the Federal Republic came into existence. Gross monthly earnings of employees, including special payments, grew by 3.4 percent, the highest rate since the start of the time series in 2008, according to the Federal Statistical Office on Tuesday. However, consumer prices rose in parallel at 7.9 percent, more than twice as much. As a result, real wages fell by an average of 4.1 percent. This is the third...

Inflation in the euro zone falls to 8.5 percent in January

Inflation in the euro zone falls to 8.5 percent in January

January 1, 1970 • 01:00 AM

Inflation in the euro zone has continued to fall. As the European statistics office Eurostat in Luxembourg announced on Wednesday after a first estimate, the inflation rate in January was 8.5 percent. In December, it had amounted to 9.2 percent. Core inflation, which excludes energy and food prices, which are prone to fluctuations, remained at 5.2 percent in January. This is the highest level since the introduction of the euro and shows that price increases are not only affecting energy and raw...

Online shopping becomes a debt trap for many shoppers

Online shopping becomes a debt trap for many shoppers

January 1, 1970 • 01:00 AM

The trend toward online shopping, which has been boosted by the Corona pandemic, brings with it a negative side: many shoppers fall into debt in the process, particularly frequently women and younger people. 28 percent of the approximately 575,000 people who sought help from a debt counseling center in 2021 had outstanding bills with online and mail-order companies. This was reported by the Federal Statistical Office on Thursday. According to the report, the proportion has risen by three...

Exxon-Mobil takes action against excess profits tax

Exxon-Mobil takes action against excess profits tax

January 1, 1970 • 01:00 AM

The Exxon-Mobil group is defending itself against the EU's plan to siphon off particularly high profits that have accrued to oil and gas companies because of the energy crisis. Two European subsidiaries of the Texas-based group, Exxon-Mobil Producing Netherlands BV and Mobil Erdgas-Erdöl GmbH, had filed a corresponding lawsuit before the European Union Court of Justice (ECJ) in Luxembourg, Exxon-Mobil announced Wednesday. In September, EU governments had adopted a package of measures to cushion...

Executive Board bonuses cause dispute at Lufthansa

Executive Board bonuses cause dispute at Lufthansa

January 1, 1970 • 01:00 AM

Managerial bonuses are often a subject of dispute, and Deutsche Lufthansa now has a conflict over bonus payments to the Executive Board led by Chairman Carsten Spohr. That's because at a meeting in early December, the supervisory board decided to reactivate a long-term incentive program that had been suspended during the pandemic. This also allows payments for previous years that went well. This was confirmed by a Group spokesman on Wednesday, as reported earlier by the Handelsblatt newspaper....

German PKV Insurance

German Private Health Insurance

Both private Health Insurance in Germany and public insurance, is often complicated to navigate, not to mention expensive. As an expat, you are required to navigate this landscape within weeks of arriving, so check our FAQ on PKV. For our guide on resources and access to agents who can give you a competitive quote, try our PKV Calculator.

Hospitals

Hospital and Clinic Directory

Germany is famous for its medical expertise and extensive number of hospitals and clinics. See this comprehensive directory of hospitals and clinics across the country, complete with links to their websites, addresses, contact info, and specializations/services.

Events

Upcoming Events

Linkin Park Special Night

Didn't manage to get a ticket for Linkin Park? Or still not enough after the concert? Join us at CRASH on June 12th for our "IN THE END" Linkin Park Special + CORE NIGHT.All night long, we'll be playing Linkin Park's music, along with Nu Metal, Metalcore, and Alternative Rock from bands such as Limp...

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