Restaurant VAT cut fails to lower prices as German dining sector remains under pressure Despite a restaurant VAT cut to 7%, consumer prices for meals have not fallen; data show …
Business
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Business
Bundesrat rejects coalition’s 1000-euro relief premium for employees
by Leo Müllerby Leo MüllerBundesrat Rejects 1,000-euro Relief Bonus, Citing Fiscal Risks to States Bundesrat rejects the 1,000-euro relief bonus, prioritizing state budget stability; employers sidestep higher labour costs while businesses and workers face …
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Business
Porsche announces closure of three subsidiaries affecting about 500 jobs
by Leo Müllerby Leo MüllerPorsche subsidiary closures: Stuttgart maker to close three units and affect roughly 500 jobs Porsche subsidiary closures will shutter Cellforce, eBike Performance and Cetitec, affecting around 500 employees as the …
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Business
Rheinmetall offers to finish F126 frigate project for 12 billion euros
by Leo Müllerby Leo MüllerRheinmetall offers to finish troubled F126 frigate programme in multi-billion euro bid Rheinmetall proposes to complete the F126 frigate programme for Germany, offering to assume construction and delivery amid rising …
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Business
German gold reserves could unlock €438 billion to plug budget gap
by Leo Müllerby Leo MüllerGerman gold reserves emerge as a possible source to close widening budget gap German gold reserves valued around €438bn could be used to close a growing budget gap, prompting debate …
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Business
Volkswagen plans to pull Bohai Trimet’s Harzgerode orders, risking over 1,000 jobs
by Leo Müllerby Leo MüllerBohai Trimet Harzgerode Faces Collapse as Volkswagen Pulls Key Orders Harzgerode foundry Bohai Trimet Harzgerode faces closure after Volkswagen announced it will move major orders in autumn, threatening more than …
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Business
German fuel prices fall to two-month low as E10 drops below €1.99
by Leo Müllerby Leo MüllerGerman fuel prices hit two-month low as E10 drops below €1.99 per liter German fuel prices hit a two-month low: E10 averaged €1.984/L and diesel €2.025/L. ADAC and ifo report …
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Business
German housing association proposes modernization surcharges only for higher-income tenants
by Leo Müllerby Leo MüllerLandlord lobby urges income-based modernization surcharge to shield low earners A German landlord association calls for modernization surcharge payments to be limited to higher-income tenants, saying fairness requires wealth-based allocation …
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Business
Opel announces joint development with Leapmotor for new electric SUV
by Leo Müllerby Leo MüllerOpel Leapmotor electric SUV to be developed in Rüsselsheim and built in Zaragoza from summer 2028 Opel and Zhejiang Leapmotor will jointly develop a new C‑segment electric SUV designed in …
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Business
German exports rise in March despite Iran war, trade surplus narrows
by Leo Müllerby Leo MüllerGerman exports rise in March 2026 despite Iran war, data show Germany’s exports edged up in March 2026, increasing 0.5% month-on-month and 1.9% year-on-year, as exporters weathered higher oil prices …