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Lufthansa Plans Further Flight Reductions, CEO Spohr Warns

Frankfurt, October 13 (FinanceFlashNews.com) – Carsten Spohr, CEO of Lufthansa, has announced that the airline will be further reducing flight schedules in Germany, citing...

Germany Prepares Tax Relief to Support Industry and Jobs Under SPD Leadership

Berlin, October 13 (FinanceFlashNews.com) – Germany's Social Democratic Party (SPD), led by Chancellor Olaf Scholz, has introduced a new program of tax relief and...

German Unions Reject UniCredit’s Potential Takeover of Commerzbank

Frankfurt, September 11 (FinanceFlashNews.com) – The German labor union Verdi has strongly opposed a potential takeover of Commerzbank by its Italian competitor UniCredit. Stefan...

German Machinery Manufacturers Expect Significant Production Decline This Year

German machinery production is forecast to fall by 8% in 2024, doubling the previous estimate of 4%. Weak demand from key markets such as the...

Business Sentiment in German Residential Construction Worsens Again

The Ifo Institute's confidence index for residential construction fell to -47.9 points in August from -46.4 in July. Half of the surveyed companies expect a...

Asian E-commerce Giants Challenge German Footwear Market, Threaten Local Retailers

Düsseldorf, September 7 (FinanceFlashNews) - German shoe retailers and manufacturers are grappling with stiff competition from Asian e-commerce platforms, reported the German Retail Association...

German Unions Demand €20 Billion Annual Investment in Housing Construction

Berlin, September 6 (FinanceFlashNews) – Germany urgently needs an annual stimulus program worth €20 billion to address the country's housing shortage, according to the...

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