German government reform under strain as business confidence collapses Berlin’s coalition faces mounting pressure as businesses decry stalled German government reform; deadlines for budget, tax and health measures loom this …
Business
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Business
Porsche suspends employee bonuses for 2025 for first time in years
by Leo Müllerby Leo MüllerPorsche bonus canceled for 2025 amid strained finances Porsche cancels its voluntary 2025 employee bonus as the company cites difficult economic conditions, affecting staff at German sites including Leipzig. Porsche …
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Business
UK Biobank confirms attempted sale of 500,000 anonymized participant datasets on Alibaba
by Leo Müllerby Leo MüllerUK Biobank data allegedly offered for sale on Alibaba, UK ministers say datasets removed UK Biobank data from 500,000 volunteers were offered for sale on Alibaba; UK ministers say the …
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Business
Ritter Sport announces 70 layoffs amid soaring cocoa and energy costs
by Leo Müllerby Leo MüllerRitter Sport layoffs affect 70 jobs as cocoa and energy costs bite Ritter Sport layoffs will eliminate 70 jobs as soaring cocoa, energy and packaging costs pressure the century old …
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Business
Tesla announces 1,000 Grünheide jobs as Model Y demand boosts production
by Leo Müllerby Leo MüllerTesla Grünheide jobs: Company to add 1,000 positions as Model Y demand rises Tesla to create 1,000 new jobs at its Grünheide factory by June 30, 2026, boost Model Y …
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Business
Air New Zealand launches Skynest lie-down pods for Auckland–New York flights
by Leo Müllerby Leo MüllerAir New Zealand launches Skynest sleep pods for economy passengers on Auckland–New York flights Air New Zealand unveils Skynest sleep pods for economy passengers on ultra-long flights. Bookings open May …
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Business
IG Metall threatens strikes over Merz comments on pension safety net
by Leo Müllerby Leo MüllerIG Metall threatens strikes if government moves to cut statutory pensions IG Metall leader Christiane Benner warned of strikes and large-scale protests if the government pursues cuts to the statutory …
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Business
BCG launches Rapid Value and Cash interim management service in Germany
by Leo Müllerby Leo MüllerBCG launches ‘Rapid Value and Cash’ to place interim managers for private equity and mid-market firms BCG launches “Rapid Value and Cash” to deploy BCG interim managers in Germany, pairing …
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Business
Temu and Shein cost Germany billions and 40,000 jobs, study warns
by Leo Müllerby Leo MüllerTemu and Shein cost German economy billions, study finds Analysis: Temu and Shein cost Germany €2.5bn in retail each year and cause wider economic losses, job cuts and tax shortfalls, …
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Business
House auctions reveal why lower prices do not guarantee a sale
by Leo Müllerby Leo MüllerHouse auction by hand signal: live sale exposes why falling prices don’t always sell Live house auction in Germany shows hand signals decide purchases as falling prices fail to guarantee …