IfW Kiel holds Germany growth forecast at 0.8% despite Iran war impact IfW Kiel keeps Germany’s 2026 growth forecast at 0.8%, citing public spending that offsets fallout from the Iran …
war
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Business
DIW warns of temporary recession in Germany as Iran war drives energy shock
by Leo Müllerby Leo MüllerDIW Predicts Temporary Recession in Germany as Energy Prices Rise Germany faces a short-lived downturn, DIW warns, after energy-price impacts linked to the Iran conflict. The DIW recession warning says …
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Politics
Iran war enters temporary de-escalation as Europe tightens asylum controls
by Hans Ottoby Hans OttoIran De-escalation Holds for Now as Berlin Mayor Seeks Closure on Tennis Affair and EU Tightens Asylum Controls Iran de-escalation holds for now as diplomatic contacts and restrained military posturing …
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Business
Sonnenallee Chicken War Crowns Nhas City Chicken as Rival Jailed
by Leo Müllerby Leo MüllerChicken War on Berlin’s Sonnenallee: Rival Shops Divide Street After Owner’s Arrest Rival chicken shops on Berlin’s Sonnenallee have turned a neighborhood into a focal point of a chicken war …
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Politics
Lebanon war shifts as US intervenes to prevent Israeli strike on Beirut
by Hans Ottoby Hans OttoNew Calculus in the Israel-Hezbollah Conflict as Beirut Strike Is Averted U.S. pressure appears to be reshaping the Israel-Hezbollah conflict after a large-scale strike on Beirut’s southern suburbs was called …
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Politics
Pope Leo XIV urges overcoming just war doctrine while affirming narrow self-defense
by Hans Ottoby Hans OttoPope Leo XIV Questions Just War Doctrine in New Encyclical “Magnifica humanitas” Pope Leo XIV’s Magnifica humanitas calls for overcoming the just war doctrine while acknowledging a narrow right to …
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Business
German Industry Faces Rising Material Shortages as Iran War Disrupts Oil Supply
by Leo Müllerby Leo MüllerGerman industry reports rising material shortages as ifo survey shows 15.9% of firms affected German industry faces rising material shortages—ifo survey: 15.9% of firms hit in May. Oil and petrochemical …
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World
Moody’s finds Israeli-US war on Iran has cost US consumers almost $60bn
by anna walterby anna walterIsraeli-US war on Iran costs U.S. consumers nearly $60 billion, Moody’s says Moody’s Analytics: Israeli-US war on Iran has cost U.S. consumers nearly $60 billion in three months, driving up …
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US war on Iran seen as strategic failure as energy and finance replace battlefield goals US war on Iran has failed to meet military objectives, shifting toward energy and financial …
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Business
German import prices jump 5.3% in April amid Iran war energy shock
by Leo Müllerby Leo MüllerGerman import prices jump 5.3% in April as Iran conflict fuels energy costs German import prices rose 5.3% year‑on‑year in April, driven by soaring oil, kerosene and gasoline after the …