She said it was not clear whose responsibility it was to let the community know about the emergency but that the fire department will do so moving forward.
Germany has Europe’s biggest economy, but hasn’t seen significantand the gross domestic product shrank in each of
The advisory panel, in its first forecast since newgovernment took office earlier this month, predicted the economy will stagnate this year and grow by 1% in 2026. Its previous forecast, in November, was for 0.4% growth this year.The new outlook is in line
Merz, who took office on May 6, has pledged to roll back bureaucracy, advance digitization, provide tax breaks for companies and promote more European trade agreements.“Trump’s tariff policy is increasing uncertainty and endangering economic growth worldwide,” said Monika Schnitzer, the head of the panel. But she said that a huge
put together by Merz’s coalition “offers opportunities for a modernization of infrastructure in Germany and a return to a higher path of growth,” meaning a better outlook for next year.
Germany for years expanded exports and dominated world trade in engineered products such as industrial machinery and luxury cars. But it has suffered from increasing competition from Chinese companies, along with many other factors, and Trump’s tariffs have added a further risk to German exports.Ukrainian President Volodymyr Zelenskyy said on his Telegram channel that “it is obvious that Russia is trying to buy time to continue the war and occupation. We are working with partners to put pressure on the Russians to behave differently.”
The new European Union sanctions targeted almost 200 ships from Russia’sillicitly transporting oil to skirt Western restrictions It also imposed asset freezes and travel bans on several officials as well as on a number of Russian companies.
Ukrainian officials have said about 500 aging ships of uncertain ownership and safety practices are dodging sanctions and keeping oil revenues flowing to Moscow.The U.K. also targeted the shadow fleet with 100 new sanctions and also aimed at disrupting the supply chains of Russian weapons, officials said.