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de48

German business insolvencies surge to 20-year high, raising economic concerns

Company insolvencies in Germany have reached their highest level in 20 years, with the rate 80% higher in June than pre-pandemic averages. Major job cuts are announced by Volkswagen, ZF, and Bosch. Analysts debate whether this is a necessary market correction or a sign of deeper structural weakness. While unemployment has risen only slowly and startup numbers are up, the trend affects nearly all industries, pointing to a major structural transformation.

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Company insolvencies in Germany have reached their highest level in 20 years, with the rate 80% higher in June than pre-pandemic averages. Major job cuts are announced by Volkswagen, ZF, and Bosch. Analysts debate whether this is a necessary market correction or a sign of deeper structural weakness. While unemployment has risen only slowly and startup numbers are up, the trend affects nearly all industries, pointing to a major structural transformation.

de43

Germany assesses grid security after suspected sabotage blackout in Berlin

Following a January blackout affecting 50,000 households in Berlin, suspected to be sabotage by the left-extremist 'Vulkangruppe', German authorities and grid operators discuss measures to protect the power system. The Bundesnetzagentur reports a 43% increase in cyberattacks on critical infrastructure in 2024, with a Bundeswehr general attributing a significant portion to Russian actors. The article highlights vulnerabilities, the role of 174 black-start-capable power plants, and calls for improved hospital emergency power reserves.

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Following a January blackout affecting 50,000 households in Berlin, suspected to be sabotage by the left-extremist 'Vulkangruppe', German authorities and grid operators discuss measures to protect the power system. The Bundesnetzagentur reports a 43% increase in cyberattacks on critical infrastructure in 2024, with a Bundeswehr general attributing a significant portion to Russian actors. The article highlights vulnerabilities, the role of 174 black-start-capable power plants, and calls for improved hospital emergency power reserves.

de40

German prosecutors raid Deutsche Bank headquarters over cum-cum tax fraud probe

German prosecutors searched Deutsche Bank's Frankfurt headquarters on July 22, 2026, as part of an investigation into alleged fraudulent tax transactions (cum-cum trades) at its Postbank unit between 2008 and 2010. The scheme involved trading stocks around dividend payout days to evade taxes, potentially costing state coffers billions. Ten former Postbank managers are suspects, with damages estimated at 350 million euros. This is the third search of Deutsche Bank this year, following probes into money laundering and retail banking issues.

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German prosecutors searched Deutsche Bank's Frankfurt headquarters on July 22, 2026, as part of an investigation into alleged fraudulent tax transactions (cum-cum trades) at its Postbank unit between 2008 and 2010. The scheme involved trading stocks around dividend payout days to evade taxes, potentially costing state coffers billions. Ten former Postbank managers are suspects, with damages estimated at 350 million euros. This is the third search of Deutsche Bank this year, following probes into money laundering and retail banking issues.

de39

German industry warns AfD state election wins would harm business environment

German employers and industrial associations, including BDI head Tanja Gönner and BDA president Rainer Dulger, warned that an AfD electoral victory in Saxony-Anhalt or Mecklenburg-Vorpommern would harm the business environment. They criticized the AfD as anti-EU, anti-euro, and pro-Russia, lacking solutions for economic growth, energy policy, and investment certainty. The warnings come ahead of September state elections where polls show the AfD could gain significant ground, potentially forming a government in Saxony-Anhalt.

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German employers and industrial associations, including BDI head Tanja Gönner and BDA president Rainer Dulger, warned that an AfD electoral victory in Saxony-Anhalt or Mecklenburg-Vorpommern would harm the business environment. They criticized the AfD as anti-EU, anti-euro, and pro-Russia, lacking solutions for economic growth, energy policy, and investment certainty. The warnings come ahead of September state elections where polls show the AfD could gain significant ground, potentially forming a government in Saxony-Anhalt.

de36

Germany marks 10th anniversary of racist Munich Olympia shopping center attack

Germany commemorated the 10th anniversary of the racist attack at the Olympia-Einkaufszentrum (OEZ) in Munich, where an 18-year-old far-right extremist killed nine people. President Frank-Walter Steinmeier called for a decisive fight against racism and antisemitism, emphasizing that Germany is a country with a migration background. Survivors and relatives continue to demand a parliamentary investigation into the attack's handling.

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Germany commemorated the 10th anniversary of the racist attack at the Olympia-Einkaufszentrum (OEZ) in Munich, where an 18-year-old far-right extremist killed nine people. President Frank-Walter Steinmeier called for a decisive fight against racism and antisemitism, emphasizing that Germany is a country with a migration background. Survivors and relatives continue to demand a parliamentary investigation into the attack's handling.

de35

Survivors of 2016 Munich OEZ attack feel abandoned by the state ten years on

Ten years after the far-right terrorist attack at the Olympia-Einkaufszentrum (OEZ) in Munich, survivors and relatives of the nine victims express deep disappointment with the state's handling of the case. Authorities initially classified the attack as an apolitical 'rampage' motivated by bullying, denying victims access to a compensation fund for far-right violence. The classification was only changed after three years under public pressure. Relatives are demanding a parliamentary inquiry into alleged investigative failures, including missed international connections of the perpetrator, and an official apology from the state.

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Ten years after the far-right terrorist attack at the Olympia-Einkaufszentrum (OEZ) in Munich, survivors and relatives of the nine victims express deep disappointment with the state's handling of the case. Authorities initially classified the attack as an apolitical 'rampage' motivated by bullying, denying victims access to a compensation fund for far-right violence. The classification was only changed after three years under public pressure. Relatives are demanding a parliamentary inquiry into alleged investigative failures, including missed international connections of the perpetrator, and an official apology from the state.

de33

German economics minister rules out new fuel tax rebate as prices rise amid Middle East tensions

German Economics Minister Katherina Reiche (CDU) has ruled out reintroducing a fuel tax rebate (Tankrabatt) or implementing a price cap, citing high costs and budget constraints. Fuel prices have risen above €2 per liter following the end of a temporary tax cut and renewed conflict in the Middle East. The SPD proposes a price cap modeled on Luxembourg and Belgium, while the Left party calls for a windfall profit tax on oil companies. Reiche argues that market-based transparency measures are sufficient.

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German Economics Minister Katherina Reiche (CDU) has ruled out reintroducing a fuel tax rebate (Tankrabatt) or implementing a price cap, citing high costs and budget constraints. Fuel prices have risen above €2 per liter following the end of a temporary tax cut and renewed conflict in the Middle East. The SPD proposes a price cap modeled on Luxembourg and Belgium, while the Left party calls for a windfall profit tax on oil companies. Reiche argues that market-based transparency measures are sufficient.

de30

Germany approves French-Russian nuclear fuel plant in Lingen despite security concerns

The Lower Saxony Ministry of the Environment has granted Framatome permission to manufacture Russian-designed nuclear fuel rods in Lingen, using components from Rosatom subsidiary TVEL. The approval includes strict conditions barring Rosatom employees from the plant and requiring security inspections. The decision has sparked criticism from opposition politicians who view it as a security risk amid EU efforts to reduce Russian energy imports.

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The Lower Saxony Ministry of the Environment has granted Framatome permission to manufacture Russian-designed nuclear fuel rods in Lingen, using components from Rosatom subsidiary TVEL. The approval includes strict conditions barring Rosatom employees from the plant and requiring security inspections. The decision has sparked criticism from opposition politicians who view it as a security risk amid EU efforts to reduce Russian energy imports.