Hungary oligarchs asset transfers trigger market losses and a pledged anti-corruption crackdown Hungary oligarchs asset transfers to UAE, US and Uruguay spark probes after election; incoming PM Péter Magyar vows …
Business
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Mercedes Q1 2026 Results: Automotive EBIT Falls Nearly 50% to €933m Mercedes Q1 2026 results: automotive EBIT fell 47.2% to €933m as deliveries dropped and China sales plunged 27%; management …
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German inflation rises to 2.9% in April as energy costs surge German inflation rose to 2.9% in April after oil-price spikes tied to the Iran conflict pushed energy costs higher …
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Business
KFC considers pulling Krispy Kebab in Germany amid trademark dispute
by Leo Müllerby Leo MüllerKFC May Withdraw “Krispy Kebab” in Germany Amid Trademark Dispute with Bielefeld Chain KFC Germany is considering removing its new Krispy Kebab from menus after a trademark dispute with Bielefeld-based …
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Business
Monheim tax haven raids target service provider over alleged shell company scheme
by Leo Müllerby Leo MüllerRaids in NRW and Bavaria Target Monheim Tax Haven in Probe of Mailbox Service Prosecutors confirm searches at 21 sites as investigators probe allegations that a provider helped companies use …
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Business
Adidas reports robust Q1 revenue and profit growth ahead of World Cup
by Leo Müllerby Leo MüllerAdidas posts stronger-than-expected Q1 2026 as World Cup campaign lifts outlook Adidas surged in Q1 2026 with €6.6 billion revenue and a 15.5% rise in operating profit, keeping full-year guidance …
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Business
Klingbeil’s German Budget 2027 Faces Criticism Over 200 Billion Euro Borrowing
by Leo Müllerby Leo MüllerKlingbeil budget 2027 draws fire as Germany’s borrowing nears €200 billion Lars Klingbeil’s budget 2027 blueprint is criticized for soaring borrowing, rising debt service and fiscal gaps projected to reach …
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Business
German economy slowed by Iran war as DIW warns energy costs rise
by Leo Müllerby Leo MüllerGerman economy’s recovery cools as DIW barometer flags Iran conflict impact German economy shows only a slight April rise in DIW barometer; energy costs and uncertainty from the Iran war …
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Business
Battery storage firm Fenecon warns Minister Reiche’s remarks unsettle German energy market
by Leo Müllerby Leo MüllerBavarian Firm Fenecon Scales Battery Storage from Used Car Batteries, Owners Criticize Minister Reiche Fenecon builds battery storage systems from second‑life car batteries in Lower Bavaria, driving local growth while …
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Business
ifo Institute warns German companies plan biggest layoffs since May 2020
by Leo Müllerby Leo MüllerJob cuts in Germany accelerate as ifo barometer falls to lowest since May 2020 Job cuts in Germany rise as the ifo employment barometer falls to 91.3 – the lowest …