german economy

Europe Day celebrations in Delhi highlighted the 64-year diplomatic ties between India and the EU, with a focus on shared values and the fight against terrorism. Discussions emphasized the importance of reliable partnerships and the role of the Indian diaspora in fostering mutual understanding and cooperation

And that’s the trap that ‘Philosopher King’ Xi Jinping wants to avoid when coming up against Don Tzu, but who is Thucydides anyway? What trap did he lay? And will the US and China go to war?

Germany's military has excluded US firm Palantir from its data systems, citing sovereignty concerns over American companies accessing sensitive national defense information. Berlin prioritizes European alternatives for its significant military expansion, despite Palantir's CEO expressing frustration. This decision highlights growing European unease with US tech influence in critical sectors.

In the early 1980s, facing fuel crises, Volkswagen ingeniously added an 'E' gear to its manual transmissions. This 'economy' gear, essentially an overdrive, lowered engine RPMs on highways, significantly boosting fuel efficiency. While a clever solution for its time, this innovation eventually faded as automotive technology advanced.

President Trump has directed aides to prepare for a prolonged naval blockade of the Strait of Hormuz, aiming to choke Iran's oil exports and force concessions without triggering wider conflict. This strategy is causing global energy disruptions, with rising gasoline prices impacting American consumers and forcing other nations to scramble for alternative supplies.

A 27,000-Strong Workforce In The State Handles Taxation, Audits, Payroll And Bookkeeping For Clients Across Four Continents, Generating Approximately Rs 9,000cr Annually At Rates Up To 70% Cheaper Than What Is Charged By The US, The Industry’s Biggest Market

In the wake of Chancellor Merz's recent trip to India, Defence Minister Rajnath Singh is now in Germany to strengthen bilateral defence relations. The two countries are committed to enhancing joint initiatives in military technology, building on a rich legacy of partnership.

Authorities have busted two illegal manufacturing units in Delhi, seizing over 1.5 lakh counterfeit sachets of popular brands like ENO and Nescafé. This crackdown highlights the growing problem of fake and adulterated food products in India, which poses a significant risk to consumers. The report also offers simple methods to detect common coffee adulterants like clay and chicory powder.

German robotics giant Kuka is pivoting towards Asia and the US, citing slow AI adoption and modernization among European industrial firms, particularly in Germany's automotive sector. CEO Christoph Schell highlighted intense competition and shrinking profit margins in Europe. The company is seeking growth in markets like China, India, and Southeast Asia, alongside the US, which benefits from import tariffs.

Foreign visitors are increasingly impressed by India's seamless digital payment system, particularly its widespread QR code integration. A German traveler's viral video highlighted how easy it is to pay vendors, in temples, and for taxis using just a smartphone, calling it 'Real Digi-India' and showcasing the nation's cashless convenience.

Marcus Aurelius, a Roman emperor and philosopher, led during challenging times. He embraced Stoicism, focusing on reason and self-control. His personal journal, Meditations, offers timeless wisdom on virtue and living a meaningful life. Aurelius's legacy as a philosopher-king continues to inspire, emphasizing gratitude and mindfulness for a disciplined existence.

Much like Yudhisthira’s white lie, the tale of the seven dogs returning home — a viral video the internet fell in love with — is only partially true. The video is not AI; it is not fake, but the narrative is.

India's External Affairs Minister S. Jaishankar discussed the West Asia conflict and its economic impact, including energy security, with his US counterpart. This follows US President Trump's decision to delay strikes on Iran, though Iran denies negotiations. India, concerned about attacks on energy infrastructure, has engaged with Gulf leaders and Iran's President. Potential US-Iran talks in Islamabad are also reported.

Balbir Singh Dhillon, the head of Audi in India, said that “short-term challenges” may be present, but economic fundamentals remain strong as far as long-term is concerned.

Germany's economy has contracted by 0.3% in Q1 compared to the previous quarter, entering a recession, says the German statistics office. The decline follows -0.5% in Q4 2022, meeting the definition of two successive quarters of contraction demanded by a recession. Weak consumer spend due to inflation are blamed for the slump, alongside reduced government spending.

Germany's economy contracted by 0.1% in the third quarter, according to data from the federal statistics office. This is worse than the forecasted 0.3% contraction and suggests that Germany is becoming one of the slowest-growing economies in the eurozone. Weak purchasing power, higher interest rates, and geopolitical uncertainties are all factors weighing down the german economy. Furthermore, Commerzbank expects the economy to contract again in the next quarter.

German gross domestic product contracted by 0.5% in the third quarter, putting Europe's largest economy in recession for the first time in five years.

The german economy contracted by 0.1 percent in the second quarter, contrary to analyst expectations, following a first-quarter expansion of 0.2 percent. Destatis reported declines in investment in equipment and construction. Germany, dealing with high inflation and reduced export demand, was the only major advanced economy to contract in 2023.

Germany's economy unexpectedly contracted in the second quarter, with GDP dipping by 0.1%, as reported by Destatis. Weak investment drove the downturn, contrasting with slight growth in the rest of the eurozone. Analysts predict continued stagnation, citing external factors and domestic issues like high energy costs and a transitioning automotive sector.

The ongoing refugee crisis that has seen over a million refugees risk life and limb to enter the European Union poses a tremendous challenge to Europe, not only testing the financial strength of the continent, but also human and cultural values, German consul general to India, Michael Siebert said.

German industrial production fell for the fifth consecutive month, declining by 0.4% in October. The drop was largely driven by a 6.3% decrease in output in the machinery and equipment sector. Compared to October of the previous year, industrial production was down by 3.5%. The decline in factory output, along with declining exports and industrial orders, indicate that the german economy is struggling to gain fresh growth momentum. Rising energy prices, increased eurozone interest rates, and uncertainty surrounding fiscal stimulus measures have further impacted the economy.

The german economy shrank by 2.2% in the first quarter of the year compared to the same period in 2019 amid a global downturn linked to the coronavirus pandemic.