Germany Recession
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Germany's Lufthansa To Cut 4,000 Jobs By 2030, Targetting Admin
German airline group Lufthansa said Monday it will cut 4,000 jobs, nearly four percent of its workforce -- a move underscoring the slump gripping Europe's largest economy.
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Amid Recession, Gerrman Chancellor Plans Talks With Vladimir Putin
German Chancellor Olaf Scholz says he plans to speak to Russian President Vladimir Putin "in due course", holding out the prospect of resuming contact after a near-total breakdown in relations since the Ukraine war.
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Germany, World's Fourth Largest Economy, Enters Recession
The euro dropped on Thursday as Europe's largest economy Germany was confirmed to be in a recession, while the dollar hit a two-month peak, benefitting from safe-haven demand as worries mounted about a US default.
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Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears Intensify
Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus.
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German institutes warn of recession, halve 2013 forecast
Germany's leading economic think tanks warned on Thursday there was a "great danger" that Europe's top economy could fall into recession, as they slashed their growth forecasts for next year in half.
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Germany's Lufthansa To Cut 4,000 Jobs By 2030, Targetting Admin
German airline group Lufthansa said Monday it will cut 4,000 jobs, nearly four percent of its workforce -- a move underscoring the slump gripping Europe's largest economy.
-
Amid Recession, Gerrman Chancellor Plans Talks With Vladimir Putin
German Chancellor Olaf Scholz says he plans to speak to Russian President Vladimir Putin "in due course", holding out the prospect of resuming contact after a near-total breakdown in relations since the Ukraine war.
-
Germany, World's Fourth Largest Economy, Enters Recession
The euro dropped on Thursday as Europe's largest economy Germany was confirmed to be in a recession, while the dollar hit a two-month peak, benefitting from safe-haven demand as worries mounted about a US default.
-
Euro Slumps To Two-Decade Low, Oil Tumbles As Recession Fears Intensify
Euro zone recession fears were exacerbated by concerns about an energy crisis in Europe and by Tuesday's data, which showed a sharp slowdown in business growth in June, following Monday's news of a seasonally adjusted May trade deficit in Germany versus expectations for a surplus.
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German institutes warn of recession, halve 2013 forecast
Germany's leading economic think tanks warned on Thursday there was a "great danger" that Europe's top economy could fall into recession, as they slashed their growth forecasts for next year in half.
