Germany’s income tax reform stalls as coalition battles over middle-class relief German coalition struggles over income tax reform, facing budget shortfalls, state resistance and subsidy cuts as pension and social …
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Business
Achim Truger rejects hard social reforms, warns against pension and care cuts
by Leo Müllerby Leo MüllerAchim Truger Rejects Calls for Sweeping Social Reforms, Warns Against Pension and Care Cuts Achim Truger rejects recent calls for sweeping social reforms from the Council of Economic Experts, saying …
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Business
ifo employment barometer shows fewer German job cuts planned in May
by Leo Müllerby Leo Müllerifo employment barometer rises to 93.9 in May 2026 as planned job cuts slow ifo employment barometer rises to 93.9 in May 2026 as German companies plan fewer job cuts; …
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Technology
ClickUp Cuts 22% of Staff, Embraces AI Agents to Boost Productivity
by Helga Moritzby Helga MoritzClickUp AI layoffs spark debate as startup embraces 3,000 agents and promises pay bonanzas ClickUp AI layoffs: CEO frames 22% workforce reduction as a strategic shift toward AI agents, promising …
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Business
Germany faces surging interest costs, forcing cuts to federal spending
by Leo Müllerby Leo MüllerGermany’s rising interest costs squeeze federal budget as bond yields climb Germany’s rising interest costs are forcing higher debt service bills, cutting fiscal space and complicating plans to borrow €200bn …
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Business
Germany’s Elterngeld faces cuts as cabinet trims family budget
by Leo Müllerby Leo MüllerGermany’s Elterngeld reform hit by federal budget cuts, trimming parental allowance spending Germany’s Elterngeld reform faces mounting pressure as federal budget cuts shrink the family ministry’s funding, forcing reductions in …
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Business
German finance ministry prepares subsidy cuts to fund income tax reform
by Leo Müllerby Leo MüllerGermany Weighs Subsidy Cuts to Fund Income Tax Reform, Working Group Reportedly Targets €5 Billion Germany weighs subsidy cuts to fund an income tax reform; a Federal Finance Ministry working …
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Business
UniCredit takeover bid sparks Wiesbaden protests over potential 23,000 job cuts
by Leo Müllerby Leo MüllerUniCredit takeover of Commerzbank sparks protests as employee cuts loom Commerzbank shareholders met in Wiesbaden amid protests over the proposed UniCredit takeover of Commerzbank, with staff warning the deal could …
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Business
KUKA after a decade under Midea prompts job cuts and industry shifts
by Leo Müllerby Leo MüllerKUKA takeover turns ten: Augsburg plant weathers job cuts as innovation shifts toward China Ten years after the KUKA takeover by China’s Midea, Augsburg’s robotics leader faces job cuts, a …
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Business
Commerzbank announces 3,000 job cuts via AI to fend off UniCredit takeover
by Leo Müllerby Leo MüllerCommerzbank job cuts: bank to reduce about 3,000 roles, cites AI-driven savings while resisting UniCredit takeover Commerzbank job cuts: Bank plans roughly 3,000 role reductions using AI and cuts to …