Page 19 - Germany

Two-day G7 finance summit kicks off seeking unity on Ukraine, China

The G7 will also address a proposed global wealth tax on billionaires, promoted by Brazil and France among the broader Group of 20 developed countries

Germany backs ending EU tax break that helps Shein, Temu keep prices low

Under current EU regulations, packages purchased online from a non-EU country are not subject to customs duties if their value is under 150 euros

Vodafone reports slight rise in net profit helped by gains in UK, Germany

On Tuesday it said it expected core earnings this year to be broadly flat at around 11 billion euros, while free cash flow would be at least 2.4 bn euros, slightly ahead of current market forecasts

How to avoid last-minute Schengen visa rejection and save money: Explained

Over 100,000 Indians faced Schengen visa rejections in 2022, translating to a loss of Rs 87 crore due to non-refundable trip expenses

German carrier Lufthansa looks to strong summer to shake off strike costs

The airline confirmed its forecast of full-year adjusted earnings before interest and taxes (EBIT) of 2.2 billion euros ($2.3 billion)

Top UN court to rule on Nicaragua's plea for Germany to halt aid to Israel

The United Nations' top court is ruling Tuesday on a request by Nicaragua for judges to order Germany to halt military aid to Israel, arguing that Berlin's support enables acts of genocide and breaches of international humanitarian law in Gaza. Nicaragua's case is the latest legal bid by a country with historic ties to the Palestinian people to stop Israel's offensive. Late last year, South Africa accused Israel of genocide at the court. The cases come as Israel's allies face growing calls to stop supplying it with weapons, and as some including Germany have grown more critical of the war. On Monday, US Secretary of State Antony Blinken said that Israel must still do more to increase the flow of humanitarian aid into the besieged Gaza Strip. At hearings early this month, Nicaragua's Ambassador to the Netherlands Carlos Jos Argello Gmez told the 16-judge panel that Germany is failing to honour its own obligation to prevent genocide or to ensure respect of international humanitarian .

German inflation creeps up to 2.4% in April on back of higher food prices

Euro zone inflation is expected to remain at 2.4%, unchanged from the previous month, according to economists polled by Reuters

Infosys to acquire German firm in-tech in 450 mn euro all-cash deal

Infosys will acquire a 100% stake in the German engineering R&D services provider, expanding its footprint in Europe

Germany nabs 2 for spying for Russia, planning sabotage against Ukraine aid

Two German-Russian men have been arrested in Germany on suspicion of espionage, one of them accused of agreeing to carry out attacks on potential targets including US military facilities in hopes of sabotaging aid for Ukraine, prosecutors said Thursday. The two, identified only as Dieter S. and Alexander J. in line with German privacy rules, were arrested Wednesday in the Bavarian city of Bayreuth, federal prosecutors said. They said Dieter S. had been discussing possible acts of sabotage in Germany with a person linked to Russian intelligence since October, and that the main aim was to undermine military support given by Germany to Ukraine. The suspect declared himself willing to carry out bombing and arson attacks on infrastructure used by the military and industrial sites in Germany, prosecutors said in a statement. He gathered information on potential targets, including US military facilities, they added. Alexander J. allegedly helped him to do so starting in March at the latest

Tesla plant likely in India: A look at its gigafactories in other countries

Tesla has six Gigafactories in Fremont, California; Sparks, Nevada; Berlin, Germany; Shanghai, China; Austin, Texas; and Buffalo, New York

Russian invasion of Ukraine threatens global security: Olaf Scholz in China

German Chancellor Olaf Scholz told Chinese leader Xi Jinping who hosted him in Beijing on Tuesday that Russia's full-scale invasion of Ukraine threatens global security, in an apparent call for China to apply greater pressure on its neighbor and close strategic partner to resolve the conflict. Scholz also told Xi at their meeting that the use of nuclear weapons in the 2-year-old war should not even be threatened, German media reported. Russian President Vladimir Putin warned last month that Russia is ready to use nuclear weapons if its sovereignty or independence is threatened, his latest such threat since invading Ukraine. Scholz told Xi that Germany's core interests were impacted by the war against Ukraine, which has threatened to spread into a regional conflict and has disrupted energy and global food supplies and other trade. Russia's actions "violate a principle of the United Nations Charter and the principle of the inviolability of national borders, Scholz was quoted as saying

Observing world's biggest election with admiration: German envoy on polls

German Ambassador Philipp Ackermann on Monday said his country is observing with admiration the world's biggest election that is starting in India on April 19, and that no matter who wins it, "more of India" will be seen on the international stage. Addressing a gathering at an event hosted by a leading private university here, he also said the Indian Presidency of the G20 "gave us a little taste of that". In his speech, he cited the Iran-Israel conflict, the Russia-Ukraine conflict and many other ongoing or unresolved conflicts around the world. "In the midst of this very, very difficult situation, I can't remember the world being in such a difficult times than now. We see from Europe, from European Union's perspective, clearly how much India is rising. We observe with admiration the world's biggest election that is starting on Friday. This is quite an exercise, this is a festival of democracy," Ackermann said. The envoy said "no matter what happens in these elections, no matter wh

Kartik Aaryan joins the Bundesliga Dream India Project as an ambassador

Actor Kartik Aaryan turns ambassador for Bundesliga Dream project. This initiative will select multiple squads for U-13 and U-15 players to travel to Germany for an immersive training camp experience

We want fair auto market but no dumping, urges Germany's Scholz in China

"At some point there will also be Chinese cars in Germany and Europe. The only thing that must always be clear is that competition must be fair," Scholz said

Iran attack on Israel risks provoking an uncontrollable escalation, says G7

Unequivocally condemning in the strongest terms Iran's direct and unprecedented attack against Israel, the G-7 leaders on Sunday said the development risks provoking an uncontrollable regional escalation even as permanent members of the UN Security Council announced to convene an emergency meeting on the issues in New York. With its actions, Iran has further stepped toward the destabilisation of the region and risks provoking an uncontrollable regional escalation. This must be avoided. We will continue to work to stabilise the situation and avoid further escalation, G-7 leaders said in a joint statement after a conference call among them initiated by President Joe Biden. The US assisted Israel in shooting down dozens of drones and missiles fired by Iran in its first direct military assault on the former. Israeli authorities said 99 per cent of the inbound weapons were shot down without causing any significant damage. In this spirit, we demand that Iran and its proxies cease their .

Russia, Germany, UK urge restraint as Iranian threat puts W Asia on edge

The German airline Lufthansa, one of only two Western carriers flying to Tehran, extended a suspension of its flights to the Iranian capital and Russia warned against travel to West Asia

MakeMyTrip expands global reach, now available in over 150 countries

India's online travel firm has expanded its reach to major travel markets like the UK, Germany, Japan, Italy, France, and others

Can Europe's economy exceed expectations in 2024?

Despite stabilising the United Kingdom, Prime Minister Rishi Sunak is hindered by the widespread perception that he is a lame duck

German investigators seize fake US bills with a face value of over $103 mn

German investigators said on Friday they have seized counterfeit US dollar bills with a face value of over USD 103 million, which apparently came from Turkey and were being stored ahead of transport to the United States. The criminal police office in Schleswig-Holstein, Germany's northernmost state, said officers found 75 cartons of fake dollars in searches of an apartment and two company addresses after tips from US authorities led them to firms run by a man who is suspected of exporting counterfeit money to the US in the past. The bills, known as prop copy or movie money," could be recognised as fakes when scrutinised closely, but Germany's central bank and US authorities believe they could be mistaken for real money in everyday life, police said in a statement. They believe the counterfeits came from a wholesaler in Turkey who was using one of the suspect's export firms in Juebek, near the Danish border, for interim storage before the bills were shipped to the US. The 42-year-ol

Infosys to provide AI tools to German media firm for storytelling, reports

IT company Infosys will provide artificial intelligence (AI) technology to Germany-based Handelsblatt Media Group for storytelling, compiling reports of global economic and financial topics under a strategic deal signed between the companies, the Bengaluru-based firm said on Wednesday. In the first year of this partnership, Infosys will work with Handelsblatt Research Institute (HRI), an independent economic research institute under the umbrella of the Handelsblatt Media Group, where it will leverage its AI-based platform, Infosys Topaz, to support HRI in making reports on global economic and financial topics more accessible and consumable for the public, Infosys said in a statement. "As an AI and Digital Innovation Partner for the Handelsblatt Media Group, Infosys will bring the best of digital technology to power innovative storytelling to inform and delight Handelsblatt's core audience," the statement said. Founded in 1946, the Handelsblatt Media Group, which is based in ...