ECB keeps interest rate at 2.0% as inflation rises to 3.0% The ECB held its key interest rate at 2.0% despite a recent rise in euro‑area inflation to 3.0%, citing …
Business
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Business
BASF wins shareholder backing and announces spin off of crop protection
by Leo Müllerby Leo MüllerBASF restructuring wins shareholder backing as company presses ahead with cost cuts and 2027 spin-off plan BASF restructuring was embraced by shareholders at the Mannheim meeting, where management secured support …
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Germany proposes millions in cuts to social service providers’ youth and disability programs
by Leo Müllerby Leo MüllerGerman authorities consider cuts to social services for children, youth and people with disabilities Confidential papers suggest planned cuts to social services; debate intensifies as welfare groups and experts call …
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German labor market weakens as unemployment remains above three million
by Leo Müllerby Leo MüllerGerman unemployment stays above three million in April as employment falls German unemployment remained above three million in April, with 3.01 million people registered as jobless and employment declining year‑on‑year, …
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Germany heating law reform halves tenant cost risks and splits CO2 charges
by Leo Müllerby Leo MüllerGermany coalition agrees heating law reform to cap tenant costs and split COâ‚‚, grid fees with landlords Coalition agrees heating law reform to cap tenant costs; COâ‚‚ and grid fees …
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IMF warns war-driven defense spending offers limited lift to global economy
by Leo Müllerby Leo MüllerIMF Warns of Rising Economic Cost of War as Global Inflation and Supply Risks Grow Global finance watchdog flags higher prices, strained supply chains and fiscal pressures from conflicts in …
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Germany GDP Q1 2026: Economy Grows 0.3% Despite Iran War Shock Germany GDP Q1 2026 edges up 0.3% as private and public consumption and exports offset higher energy costs and …
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Business
DHL Group reports falling German letter volumes drag quarterly earnings
by Leo Müllerby Leo MüllerDHL Group quarterly results show German mail decline drags on Q1 profit DHL Group quarterly results: German mail decline dents Q1 profit as parcel growth and price hikes lift global …
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Business
BASF reaffirms 2026 targets, seeks shareholder approval for Agricultural Solutions spin-off
by Leo Müllerby Leo MüllerBASF beats Q1 estimates but warns of Iran war risks as it confirms 2026 targets BASF reported stronger than expected first quarter results with adjusted EBITDA of €2.36 billion, while …
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Business
German heating law reform caps tenant costs and splits CO2 and energy risks
by Leo Müllerby Leo MüllerGermany heating law reform secures tenant cost cap as costs split with landlords Coalition agrees to halve CO2, network and biogas cost risks for tenants while introducing landlord contributions for …