British central bank raises key interest rate

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The British central bank is continuing its fight against high inflation with another interest rate hike. The key interest rate will rise by 0.25 percentage points to 4.25 percent, as the Bank of England announced on Thursday in London after its meeting. The British banking system is "resilient," the...
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Pensions rise more than expected

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Inflation is also causing problems for many pensioners. It is now clear how much their payments will increase in the...

BASF cuts 2,600 jobs but plans to distribute profits

The chemical group BASF is cutting 2,600 jobs and closing roughly 10 percent of its production capacities at its main site...

Austria's sixth place in Ukrainian investments a good example of how our business can cooperate after war

Interview with Vitaly Kropachov, Ukrainian businessman and owner of the Ukrdoninvest group of companies, for the Austrian...

What changes cryptocurrency price?

Crypto prices today demonstrate the bear trend. As you know, the cryptocurrency market lives through cycles - up and down...

Minimum tax brings even more money

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The global minimum tax increases tax revenue in the world by an estimated 220 billion dollars (204 billion euros). This...

Munich labor market: More than 14,000 jobs open

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People have been talking about it for years. It has become a buzzword that is also the subject of passionate debate: the...

Executive Board bonuses cause dispute at Lufthansa

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Managerial bonuses are often a subject of dispute, and Deutsche Lufthansa now has a conflict over bonus payments to the...

Employers must document the working hours of their employees

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It is a document that is likely to have an impact on the everyday lives of many millions of employees in Germany. In 22...

Government and opposition reach agreement worth billions of euros

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In negotiations between the Venezuelan government and the opposition, both sides have agreed to invest frozen state funds...

Traffic lights reach agreement on CO2 levy for tenants and landlords

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The traffic light coalition has settled its dispute over the climate levy for residential buildings. The planned...

Airbus counters Boeing's billion-dollar loss

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Guillaume Faury remains optimistic. The CEO of the European aerospace group Airbus is sticking to his targets of...

Coalition wants to facilitate immigration of job seekers

In the future, job seekers from abroad should be able to come to Germany more easily and legally. For this purpose, a...

Vladimir Potanin donated part of his fortune to a charitable foundation

Russia's Interros has begun the process of transferring up to 50% of Rosbank's shares to the endowment fund of businessman...

Business situation in the automotive sector deteriorates significantly

The mood in the executive suites of the German automotive industry deteriorated noticeably in August: For the first time...

Germans' corona savings cushions are melting away

According to the Ifo Institute, inflation is eroding the additional savings accumulated by Germans during the pandemic....

Bundesbank chief believes inflation could rise to ten percent

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Bundesbank President Joachim Nagel believes the end of the fuel discount and the nine-euro ticket could push the inflation...

Munich Airport expects 45 temporary workers from Turkey

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Munich Airport is expecting a total of 45 temporary workers from Turkey in the coming weeks - the first as early as next...

Inflation: Starting of school will be expensive

Not only gasoline, heating and food are becoming significantly more expensive in Germany, but also school attendance: In...

9-Euro ticket depresses German inflation

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Fuel discounts and nine-euro tickets caused German inflation to fall for the second month in a row in July. Goods and...

Number of parcel complaints rises significantly

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Whether it's incorrectly posted letters or damaged parcels: So far this year, the Federal Network Agency has received more...

Crypto derivatives and security tokens regulation in 2023

FTX's collapse and the May crash of stablecoin TerraUSD served as a reminder of the necessity for thorough regulation of...
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State of Lower Saxony wants to get into the solar industry

Lower Saxony's Minister of Economics, Olaf Lies, wants to establish solar plant production in his state with state...
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Trainees in catering and hotel industry rising again

During the pandemic, tens of thousands of workers left the hospitality industry to find new jobs. Now there is at least a...

Supermarket chains lower their coffee prices

After butter prices, coffee prices in Germany are also sliding. The retail chains Aldi, Kaufland and Norma significantly...
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Meat production down sharply

Meat production in Germany fell sharply last year. Commercial slaughterhouses produced 7.0 million tons of meat, according...
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Real wages fall at record pace due to high inflation

Real wages in Germany fell at a record pace last year due to the highest inflation since the Federal Republic came into...
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Inflation in the euro zone falls to 8.5 percent in January

Inflation in the euro zone has continued to fall. As the European statistics office Eurostat in Luxembourg announced on...
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Online trade shrank for the first time in Germany

The world of online retail has even been speculating about the return of Amazon founder Jeff Bezos in recent weeks. It...
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Online shopping becomes a debt trap for many shoppers

The trend toward online shopping, which has been boosted by the Corona pandemic, brings with it a negative side: many...
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Pig farming: fewer than 600,000 animals in Brandenburg

The number of pigs kept in Brandenburg - as well as nationwide - has fallen to a low. According to preliminary results,...

More than five million work in the public sector

Following significant job growth in the public sector, the number of federal, state and local government employees has...
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Exxon-Mobil takes action against excess profits tax

The Exxon-Mobil group is defending itself against the EU's plan to siphon off particularly high profits that have accrued...
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Employees are losing more wages than ever before

Germany's employees will have lost significant portions of their wages in 2022 - more than ever before in the history of...
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84 percent inflation in Turkey

Prices continue to rise exceptionally fast across the board in Turkey. Goods and services became more expensive in...
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The situation on the labor market is deteriorating

The situation on the German labor market continues to cloud in view of the economic consequences of the Ukraine war. As...
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Inflation in Germany falls to 10.0 percent

The inflation rate in Germany fell in November. As the Federal Statistical Office announced on Tuesday based on an initial...
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ATMs need better protection against explosions

The Conference of Interior Ministers (IMK) wants to oblige the operators of ATMs to secure cash holdings against...
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Binance blows off FTX purchase

The cancellation of the FTX.com acquisition, announced just a day earlier, pushed bitcoin near $16,000 on Wednesday. The...

Whatsapp plans revolutionary change for group chats

Whatsapp has recently been working more and more on improving the Messenger app. Especially since major security...
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Companies to receive location for gas price brake

According to a media report, companies should only be relieved by the gas price brake if they maintain their sites,...
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German economy defies the crises

The German economy grew by a surprising 0.3 percent in the third quarter, adjusted for seasonal and calendar effects, the...
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Tax-free inflation premium may start flowing from Oct. 27

The date for the earliest possible transfer of the inflation bonus of 3000 euros without deductions by employers has been...

Germany exports more to Great Britain

German exports to the UK are on the verge of a comeback after years of decline, partly due to Brexit: they could grow...
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Operation could save 1.3 million tons of CO2

Continued operation of all three still-active nuclear power plants through March could save about 1.3 million metric tons...
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Real estate as retirement provision: Owners have an early advantage

Many people start putting money away at an early age. Often their parents, grandparents or godparents do it first, before...
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Successor to the nine-euro ticket to arrive in early 2023

Federal Transport Minister Volker Wissing wants the successor to the nine-euro ticket to be clarified by the end of the...
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US economy: Inflationary pressure eases slightly

In the U.S., too, people are keeping their money together. They increased their spending in July by only 0.1 percent...
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Euro continues to weaken against the dollar

The euro has fallen to its lowest level in 20 years and is settling below parity against the dollar. At 0.9909, the common...

Turkey now imports twice as much oil from Russia

Turkey has more than doubled its imports of Russian oil this year. Imports have so far totaled an average of more than...
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Liquid gas from Canada will only be available on a large scale in a few years

Due to the possible drying up of gas imports from Russia, Germany is looking for alternatives. One of them: Canada. The...
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Even fish are now tested for the coronavirus in China

Even fish caught in the sea have to undergo a corona test in China. Videos of fish being swabbed in the mouth with a...
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Producer prices rise at record pace

German manufacturers surprisingly raised their prices at a record pace in July. Producer prices rose by an average of 37.2...
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Israel and Turkey resume full diplomatic relations

After years of tensions, Israel and Turkey plan to fully resume diplomatic relations. Both countries have decided to...
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Companies prepare for the worst because of the Rhine crisis

Shutdowns, short-time work, supply bottlenecks: German industry warns of devastating consequences for the economy in view...
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Gas surcharge will be 2.4 cents

The exact amount of the gas levy to rescue systemically important gas importers is now known: It will be 2.419 cents per...
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Gas storage facilities are three-quarters full - experts warn against euphoria

For weeks now, Russia has been supplying significantly less gas to Germany, and concerns are growing about an energy...

China's exports rise by a surprising 18 percent

China's exports continued to perform unexpectedly strongly in July. Exports rose 18 percent in U.S. dollar terms compared...
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Federal states want to co-finance 9-euro follow-up ticket

The German states are demanding that Federal Transport Minister Volker Wissing (FDP) quickly come up with a concept for a...

Cryptocurrency for everyone, or why WhiteBIT created trading pairs with Eurocurrency

The main reason why I once decided to deal with cryptocurrencies is my belief that blockchain technologies will change the...
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Oil production now suffers from long Covid

If we look at the development of the oil price over the past three months, we see parallels with the stock market in...