News Germany Industry: New Report Finds 94% of German Mittelstand Firms Still Without AI Implementation
New research from Dr Justus & Partners reveals that 94% of German Mittelstand firms have not implemented AI, with ...
News Germany Industry: Germany seizes world's largest yacht because of its ties to Russian oligarch
The 15,917-ton superyacht, estimated to be worth $600 million to $735 million, is being held at the Port of Hamburg in Germany.
News Germany Industry: Germany industry CEOs meet Scholz
BERLIN: Chieftains of German industry including the heads of Deutsche Bank AG, Mercedes-Benz AG and Siemens AG have met with Chancellor Olaf Scholz amid growing concern over fallout from sanctions ...
News Germany Industry: German industry slow in adopting Industrial IoT – with consequences
The adoption of Industrial IoT in the German industry is stagnating at a low level - the impact and ways to do better.
News Germany Industry: Germany's economy could lose $240 billion — 6.5% of its annual output — over the next 2 years if Russian oil and gas were cut off immediately
Germany is heavily reliant on Russian gas, which accounted for 55% of Germany's gas imports in 2021.
News Germany Industry: Germany approves law mandating full gas storage before winter
The Bundestag lower house on Friday approved legislation requiring Germany's privately-operated gas storage facilities to be full at the start of the next winter, to try to avert shortages in the event of a halt in Russian gas imports.
News Germany Industry: German Industry Powerhouse Shaken to Core by War in Ukraine
(Bloomberg) -- Germany’s industrial base, just emerging from pandemic and unprecedented supply-chain challenges, is taking another beating with Russia’s war on Ukraine hitting its powerhouse car, chemical and precision-machinery manufacturers.Most Read from BloombergLow-Priced Omega Speedmaster Prompts Global Swatch Store ChaosUkraine Update: Biden Says Putin ‘Cannot Remain in Power’China Crash Mystery Grows as Evidence Signals Midair BreakupPutin, Xi and the End of the World As We Know ItApple
News Germany Industry: ‘We Are in the Middle of Restructuring’: German Series Industry Braces for Change
As the German series industry continues to change rapidly, young filmmakers who decided to leave the country are coming back, ready to tell their stories. “I had to return and use my voice. That’s ...
News Germany Industry: German industry pleads relief from energy costs
German industry called on German Chancellor Olaf Scholz’s administration to take action to address rising energy costs, saying that some companies are considering relocating. “The rising power and gas prices threaten to crush the economy,” Siegfried Russwurm, president of the BDI industry lobby, said in an interview with the Rheinische Post newspaper yesterday. “Rapid political action is required.” Germany has long had some of the developed world’s highest energy prices, but the situation has worsened as Europe’s largest economy shutters nuclear plants and winds down coal as well. With an expansion of renewable power generation struggling to keep pace, the country
News Germany Industry: Germany aims to make its film industry greener
Germany aims to reduce the industry's impact on the environment. "The climate crisis is one of the survival issues of our time," said Minister of State for Culture and the Media Claudia Roth, who is also from the Green Party, at a panel discussing the program on the sidelines of the Berlinale. Climate change, including natural disasters affecting Germany directly, as...
News Germany Industry: German producer price inflation hits record high as energy costs spiral
German producer prices rose in January at their fastest rate since modern records began, soaring 25% and extending a run of sharp increases likely to keep businesses under financial stress and consumer inflation high.
News Germany Industry: German economy likely to shrink again in Q1: Bundesbank
The German economy will probably shrink again in the current quarter as a new wave of coronavirus infections stops many people from going to work, the Bundesbank said on Monday, while predicting a rebound in the spring. Europe's largest economy went into reverse in the last three months of 2021 as its large industrial sector was hit by supply snags. The Bundesbank said German industry was providing "a positive impulse" to the economy thanks to easing supply bottlenecks and high demand, setting the stage for a rebound in the spring if the pandemic subsided.
News Germany Industry: Strike at Deutsche's Postbank as industry wage talks heat up in Germany
Employees at 40 branches of Deutsche Bank's Postbank are staging brief strikes on Friday and Saturday as they bargain for higher wages, a union official said. The so-called warning strikes come ahead ...
