BERLIN: On his many visits to semiconductor factories and electric car plants, Germany's Chancellor Olaf Scholz bangs the drum for an economy at the forefront of an industrial transformation. But the picture painted by business leaders and experts is less rosy, predicting hard times to come for Europe's la
BERLIN: On his many visits to semiconductor factories and electric car plants, Germany's Chancellor Olaf Scholz bangs the drum for an economy at the forefront of an industrial transformation.
The government is the only one left still predicting GDP will grow this year, while the main economic institutes and the IMF are looking at a drop of 0.2 to 0.4 per cent. In the newspapers, the spectre of Germany as the"sick man of Europe" is back, harking back to the period before 2000 when the country struggled to compete in international markets and faced high levels of unemployment.In an interview with German media in March, he said the push to achieve climate neutrality by 2045 would bring back"levels of growth like in the 1950s and 1960s", the age of West Germany's postwar"economic miracle".
The switchover will first of all see billions of euros sunk into"replacing the existing stock" of fossil-fuel technologies with renewable ones"with significantly elevated costs", Russwurm said."We will only reap the reward of this investment in the distant future, when we have effectively managed to reduce greenhouse gas emissions," Timo Wollmershaeuser of the economic think-tank the Ifo institute told German media this week.
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Vekic plays twice, beats sixth-seed Sakkari to reach German Open finalBERLIN : Croatia's Donna Vekic had to play twice on Saturday but did not drop a set as she cruised into the German Open final with a 6-4 7-6(8) victory over world number eight Maria Sakkari of Greece.The 26-year-old had first beaten lucky loser Elina Avanesyan in straight sets in their quarter-final on Sa
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Vekic and Kvitova win two matches in a day to reach German Open finalBERLIN :Croatia's Donna Vekic had to play twice on Saturday but did not drop a set as she cruised into the German Open final with a 6-4 7-6(8) victory over world number eight Maria Sakkari of Greece.The 26-year-old had first beaten lucky loser Elina Avanesyan in straight sets in their quarter-final on Saturda
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Biden speaks with leaders of France, Germany, UK amid Russia mutinyWASHINGTON - US President Joe Biden spoke with the leaders of France, Germany and the United Kingdom on Saturday as mutinous Russian mercenaries barrelled towards Moscow after seizing a southern city overnight, the White House said. Read more at straitstimes.com.
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Raphael Guerreiro joins Bayern from Dortmund on free transferBERLIN: Bayern Munich have signed Borussia Dortmund left-back Raphael Guerreiro on a free transfer, the Bavarian club announced on Friday (Jun 23). Guerreiro, 29, joins Bayern after seven seasons at Dortmund, where the Portuguese international won two German Cups. His deal with the German champions is set
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Kazahk Bublik powers past Zverev in straight sets to reach Halle finalHALLE, Germany : Kazakh Alexander Bublik broke Alexander Zverev once in each set to power past the German 6-3 7-5 on Saturday and reach the Halle Open final.The 26-year-old Bublik, who regularly delivered first serves at speeds of more than 220 km per hour, gave his opponent no chance on his own serve to
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Kazakh Bublik powers past Zverev in straight sets to reach Halle finalHALLE, Germany :Kazakh Alexander Bublik broke Alexander Zverev once in each set to power past the German 6-3 7-5 on Saturday and reach the Halle Open final.The 26-year-old Bublik, who regularly delivered first serves at speeds of more than 220 kph, gave his opponent no chance on his own serve to make his firs
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