The eurozone economy grew more than expected, while inflation slowed after a string of rate hikes from the European Central Bank.
Category: Germany
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Why ‘Soft Landing’ Optimists Shouldn’t Celebrate Just Yet
Despite a barrage of interest-rate increases, the economy is faring better than many on Wall Street had imagined. But the wild card of inflation still looms.
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The Fed Slaps Deutsche Bank With a $186 Million Fine
The regulator said the German lender was too slow to comply with orders to address its money-laundering controls.
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Germany Says China Trade Could Create Perilous Dependence
A long-awaited strategy statement is an attempt to set a coherent approach for dealing with China, Germany’s largest trading partner, in policy and business.
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German Government Slashes Spending, Except on the Military
The proposed package foresees spending about 6 percent less in 2024 from this year, in a return to financial austerity. But the severity of the cuts to social services drew sharp criticism.
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Peter Brötzmann, 82, Dies; His Thunderous Saxophone Shook Jazz Traditions
One of Europe’s most influential free-jazz musicians, he played with “a kind of scream” to exorcise his demons, and those of German history.
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Can China Export Its Way Out of Its Economic Slump?
No country has had more export success than China. But Beijing faces risks in turning to the tested method of selling more abroad.
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Christian Petzold and a German Connection With His Films
After becoming known for movies distanced from his country’s history, culture and memory, he has drawn from them in some recent works.
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German Economy Slipped Into Recession in First Quarter
Consumer spending and exports fell in the first three months of this year, adding to a slump in late 2022 in Europe’s largest economy.
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At G7 Summit, Leaders Wrangle on Coal, Natural Gas and Climate
The U.S. finds itself caught between defending President Biden’s climate change agenda and aiding allies intent on increasing their access to fossil fuels.