Ferry Fare Increases Spread Across Germany as Oil Prices Surge Rising oil prices drive ferry fare increases in Germany, adding fuel surcharges on coastal and river routes and prompting calls …
Business
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Business
Jet fuel shortages threaten European flights from late May, industry warns
by Leo Müllerby Leo MüllerKerosene Shortage Threatens European Flights as Industry and IEA Sound Alarm European aviation faces kerosene shortage risk as Iran conflict disrupts supplies; industry, IEA and EU weigh measures to secure …
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Germany Proposes Raising Statutory Health Insurance Contribution Ceiling by €300 in 2027
by Leo Müllerby Leo MüllerGerman plan to raise contribution assessment ceiling would make high earners pay more Government proposes one-off €300 rise to the contribution assessment ceiling in 2027 to shore up statutory health …
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German industry faces crisis ahead of Hannover Messe as automakers cut jobs
by Leo Müllerby Leo MüllerGerman industry at a crossroads as Hannover Messe opens amid rising costs and global competition Germany’s industry faces mounting pressure from supply shocks, soaring input prices and intensified Asian competition …
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SNB opens Moneyverse in Bern to demystify interest rate decisions
by Leo Müllerby Leo MüllerMoneyverse opens in Bern: SNB turns monetary policy into a hands-on exhibition Moneyverse: SNB opens an interactive centre in Bern that explains negative interest rates, currency reserves and central-bank decisions …
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Business
Geelong refinery fire stokes Australia fuel shortage as Albanese faces political pressure
by Leo Müllerby Leo MüllerAustralia fuel shortage deepens after Geelong refinery fire Geelong refinery blaze slashed domestic output and forced PM Albanese to return as Australia faces fuel shortages, tax cuts and rising political …
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Business
German housing permits jump 16% to 41,700 in early 2026 amid cost fears
by Leo Müllerby Leo MüllerBuilding permits in Germany rise sharply in early 2026 as housing approvals rebound Building permits in Germany rose 16.2% in Jan–Feb 2026 to 41,700, with February up 24.1% to 22,200, …
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Business
Bosch announces largest-ever layoffs, €4.5bn restructuring bill and plant closures
by Leo Müllerby Leo MüllerBosch layoffs mark largest restructuring in company history, affecting nearly 28,000 workers Bosch layoffs hit nearly 28,000 employees as the engineering group records €4.5bn in redundancy costs and faces protests …
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Business
Netflix announces Reed Hastings will step down as board chair in June
by Leo Müllerby Leo MüllerReed Hastings Leaves Netflix: Co‑founder Will Step Down as Board Chair After June Term Netflix co‑founder Reed Hastings leaves Netflix as board chair after June term, a move announced alongside …
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Business
Finland to approve world’s first permanent nuclear waste repository at Olkiluoto by summer
by Leo Müllerby Leo MüllerOlkiluoto Nuclear Waste Repository Set to Begin Operations as Finland Readies Final Permits Finland’s Olkiluoto nuclear waste repository is expected to receive final approvals by summer 2026, paving the way …