Closure of a key freight line linking northern and southern Europe is having huge and costly knock-on effects throughout the continent. German rail operator Deutsche Bahn gives no timetable for needed repairs.
North Korea’s relentless pursuit of nuclear weapons and missiles has raised the threat of a full-blown conflict on the Korean Peninsula. South Korea has also been acquiring German weapons for its self-defense.
A friend of the Russian president, former German Chancellor Schröder has been working for the Russian energy industry since he lost to Chancellor Merkel in 2005. Rosneft has been hit by Western sanctions.
Volkswagen is offering buyers trading in an older diesel car up to $11,810 off the price of a cleaner model, joining other makers on Tuesday in a push to cut pollution.
German executives are preparing to announce a new home for a lithium-ion battery plant designed to rival the output at Tesla Inc.’s Gigafactory.
Germany’s car industry offered on Wednesday to provide a software upgrade that would cut harmful emissions in 5.3 million vehicles, but the government warned it was only a first step in dredging the sector out of a colossal pollution cheating scandal.
The sports car maker has become the latest Volkswagen subsidiary to be dragged into the group’s emissions cheating scandal, after the German Ministry of Transport ordered a recall of thousands of Cayenne diesel models.
Confidence among German business leaders hit a “euphoric” all-time high in July, the Munich-based Ifo institute said, beating analysts’ expectations of a small decline.
Daimler was the first firm among a suspected German carmakers’ cartel to break ranks and report the collaboration to authorities, potentially sparing it billions in fines.