Housing construction in Germany set to fall sharply, GdW warns of 2026 shortfall GdW says housing construction in Germany will drop to ~200,000 completions in 2026 vs a 320,000 need, …
German
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Politics
SPD urges withdrawal of German soldiers from Hormuz mission after US strikes
by Hans Ottoby Hans OttoSPD urges pullback of German troops from Strait of Hormuz mission amid renewed Iran tensions SPD calls for temporary withdrawal of Bundeswehr personnel from Djibouti as conditions for a Strait …
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Politics
German Foreign Minister Wadephul urges Iran to enter serious negotiations
by Hans Ottoby Hans OttoWadephul Calls for Iran Negotiations After US Strikes German FM Johann Wadephul urges Iran to start serious negotiations after US strikes; says April ceasefire can be a basis and warns …
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Business
UniCredit nears control of Commerzbank with 47.6% stake amid German opposition
by Leo Müllerby Leo MüllerUniCredit takeover of Commerzbank advances as shareholders tender 17.6% by July 3 UniCredit takeover of Commerzbank advances after 17.6% of shares were tendered by July 3, raising UniCredit’s holding above …
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Business
IMF downgrades German growth forecast through 2027 amid Iran war
by Leo Müllerby Leo MüllerIMF downgrades Germany growth forecast to 0.7% for 2026 amid Iran conflict and energy shock IMF downgrades Germany growth forecast to 0.7% for 2026, citing the Iran conflict and higher …
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Business
German bakeries hit by 40 percent insolvency rise as government proposes longer opening hours
by Leo Müllerby Leo MüllerBakery Insolvencies in Germany Rise 40% as 63 Bakeries File in First Half German bakery insolvencies surged as 63 bakeries and confectioneries filed for bankruptcy in the first half of …
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Business
German industrial production rises 0.9% in May as auto sector jumps 3.6%
by Leo Müllerby Leo MüllerGerman Industrial Production Climbs 0.9% in May, Autos Lead Recovery German industrial production rose 0.9% month-on-month in May 2026, driven largely by a 3.6% jump in the automotive sector, the …
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Politics
German parental allowance reform faces sharp criticism from the Left and Greens
by Hans Ottoby Hans OttoElterngeld reform draws sharp criticism from Left and Greens Elterngeld reform sparks criticism as Family Minister Karin Prien proposes shorter benefit duration that opponents say will strain mothers and childcare …
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Business
Canada selects German TKMS to negotiate historic deal for over twelve submarines
by Leo Müllerby Leo MüllerCanada submarine contract: TKMS to negotiate multi‑billion Type 212 CD fleet in landmark transatlantic deal Canada selects TKMS to negotiate its largest-ever defence procurement, a Canada submarine contract to acquire …
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Politics
Wohngeld cuts approved by German government push one-third of households into basic security
by Hans Ottoby Hans OttoGerman cabinet approves major Wohngeld changes, affecting one-third of households German cabinet approves major Wohngeld changes: benefits reduced, heating allowance halved and indexation suspended. One-third of recipients to lose support …