Page 24 - Germany

Germany to give $1.4 billion to Holocaust survivors globally in 2024

The organisation that handles claims on behalf of Jews who suffered under the Nazis said Thursday that Germany has agreed to extend another USD 1.4 billion (1.29 billion euros) overall for Holocaust survivors around the globe for the coming year. The compensation was negotiated with Germany's finance ministry and includes USD 888.9 million to provide home care and supportive services for frail and vulnerable Holocaust survivors. Additionally, increases of USD 175 million to symbolic payments of the Hardship Fund Supplemental programme have been achieved, impacting more than 128,000 Holocaust survivors globally, according to the New York-based Conference on Jewish Material Claims Against Germany, also referred to as the Claims Conference. Every year these negotiations become more and more critical as this last generation of Holocaust survivors age and their needs increase," said Greg Schneider, the Claims Conference's executive vice president. "Being able to ensure direct payments t

Climate measures will not fully close emissions gap by 2030: Germany

German officials said on Wednesday that an array of climate measures being introduced by the government will bring the country closer but not all the way toward meeting its national goals for cutting greenhouse gas emissions by 2030. Germany's Climate Ministry said measures already in place or soon to become law will reduce emissions by about 900 million metric tons of carbon dioxide for the period from 2022 to 2030. An emissions gap of about 200 million tons of CO2 will remain and needs to be closed through additional steps over the coming years, largely because of persistent high emissions in the transportation sector. Germany aims to reduce its emissions of planet-warming gases by 65 per cent from 1990 levels by 2030. The target for 2040 is an 88 per cent reduction on the path to net zero" emissions by 2045. A sharp increase in wind and solar power, energy efficiency improvements and subsidies for industry to reduce fossil fuel use are among the measures taken or planned by ...

Germany unveils 1st national security strategy to address growing threats

The German government said Russia is the greatest security threat for the foreseeable future and advocated a balanced approach to China as it unveiled its first comprehensive national security strategy on Wednesday. The strategy was part of an effort to address what Germany views as growing military, economic and social risks to the country. Germany's biggest opposition party criticised the government's position as anemic. Chancellor Olaf Scholz said the new strategy, which his three-party governing coalition pledged to draw up when it took office at the end of 2021, had gained added importance since Russia attacked Ukraine almost 16 months ago. The war in Ukraine has heightened anxiety in Germany about the preparedness of its own armed forces, prompting Scholz to announce a turning point on military spending. Russia's invasion of Ukraine in Feburary 2022 demonstrated what many of our neighbours in Eastern Europe have warned us about that Europe is vulnerable, German Foreign Mini

NATO begins biggest ever air exercise amid fears of flight delays

Some 10,000 soldiers and 250 aircraft, including 70 from Germany and more than 100 from the US, take part in the maneouver until June 23

Vivo becomes third brand to exit Germany after Oppo, OnePlus; here's why

The suspensions come after Nokia filed a patent dispute in the region over broadband technology

BioNTech faces several lawsuits in Germany over Covid vaccine side effects

German drug company BioNTech is facing hundreds of lawsuits, worth one million euros, in country for alleged health damage due to its Covid-19 vaccine, co-developed with American pharma giant Pfizer

Germany cuts plastic waste exports by 51% in a decade due to restrictions

The volume of German plastic waste exports decreased by 9 per cent between 2021 and 2022

India depends on Russian weapons, not in our interest: German defence min

India remaining dependent on Russian weapons is not in Germany's interest, German Defence Minister Boris Pistorius said on Monday as he begins a four-day visit to the country. Pistorius is scheduled to hold wide-ranging talks with Defence Minister Rajnath Singh on Tuesday and the focus of the discussions is likely to be on expanding bilateral defence industrial cooperation. It is expected that India's plan to procure six stealth conventional submarines at a cost of around Rs 43,000 crore will figure in the talks as one of the contenders of the contract is Germany's ThyssenKrupp Marine Systems (TKMS). "It is not up to Germany to change that on our own," Pistorius told German state-owned broadcaster DW during an interview while replying to a question on India's dependence on Russian weaponry. "This is an issue we have to solve jointly with other partners. But of course, we can't have an interest in the long run that India is so dependent on Russia's delivery of weapons or other ...

Rajnath Singh to hold bilateral talks with US, German counterparts

US Secretary of Defence Lloyd Austin will arrive in New Delhi on June 4 from Singapore on a two-day visit

Govt body warns of increased health threats from climate change in Germany

Germany's disease control agency warned Thursday that rising temperatures due to global warming will increase the likelihood of heat stroke, vector-borne illnesses and other health risks in the country. The Robert Koch Institute said lung diseases from forest fires and agricultural dust may become a growing problem, as will skin cancer due to increased ultraviolet radiation as Germany experiences longer periods of cloud-free weather. In the first of the institute's three reports on the impact of climate change in Germany, published in the Journal of Health Monitoring, the authors noted the recent arrival in the country of Hyalomma ticks capable of carrying bacteria responsible for typhus as an example of newly emerging disease threats. The ticks, as well as Asian tiger mosquitoes that can spread dengue, yellow fever and Zika virus, are migrating to new regions that were previously too cold for the species. Another risk comes from Vibrio bacteria that flourish in brackish water ab

Germany to shut down 4 Russian consulates as Moscow limits German officials

The German govt would close four out of the five Russian consulates in the country by revoking their licenses after Moscow limited the number of German officials in Russia

Germany arrests 7 alleged members of network that helped Islamic State

Seven people were arrested in raids across Germany on Wednesday against alleged members of a network that helped finance the Islamic State extremist group's activities in Syria, prosecutors said. The suspects four women and three men, with German, Turkish, Moroccan and Kosovo citizenship were arrested in five German states, while investigators searched 19 properties in Germany and one in the Netherlands, federal prosecutors said in a statement. The suspects are accused of supporting a foreign terrorist organisation and, in some cases, of violating export laws. Prosecutors allege that the suspects were financial intermediaries in a network in which two supporters of IS in Syria had sought donations for the group via Telegram since 2020. They allegedly collected and helped transfer donations. The money was used to strengthen IS and in particular to improve supplies to members of the group held at two camps in northern Syria, prosecutors said. In some cases, they added, the money ..

TMS Ep444: JioCinema, recession in Germany, Adani stocks, heat dome

Is JioCinema ready for the big league? Will recession in Germany hit the Indian economy? Has the rally in Adani stocks run its course? What is heat dome? All answers here

Zelenskyy discusses strengthening Ukraine's defence with Germany's Scholz

Zelensky said that he thanked Scholz for implementing a defence package for Ukraine worth 3 billion euros (about $3.22 billion)

Germany recession may impact Indian exports: CII EXIM committee chairman

Economic recession in Germany is likely to impact India's exports from various sectors like chemicals, machinery, apparel and electronics to the European nation, Chairman of the CII Committee on EXIM Sanjay Budhia has said. He, however, said that it is too early to see the impact of the economic recession in Germany on India's exports. Germany, the world's fourth-largest economy, is facing recession as its GDP fell 0.3 per cent in the first quarter of 2023, following a decline of 0.5 per cent in the fourth quarter of the last year. In 2022, 4.4 per cent of India's total exports were to Germany, concentrated mainly in sectors like organic chemicals, machinery, electronics, apparel, footwear, articles of iron and steel and leather goods. Even though it's too early to see the impact of Germany's recession on India's exports, the sectors mentioned above will likely be the ones most affected, he told PTI. He said the entire European Union is dealing with the rising energy prices that h

Germany says Russia set to expel German diplomats, teachers, cultural staff

Russia will start expelling German diplomats, teachers and employees of German cultural institutions next month, the German Foreign Office said on Saturday a move that will further enhance tensions between the two countries that have already had very fraught ties since Russia invaded Ukraine early last year. The German foreign ministry sharply criticized Russia's move, calling the upcoming expulsions a unilateral, unjustified and incomprehensible decision. The expulsion will affect several hundred German state employees, including teachers and staff of the Goethe Institute, which promotes German culture and language abroad, daily Sueddeutsche Zeitung reported. The expulsion comes in response to the reduction of the presence of Russian intelligence services in Germany earlier this year. The Russian Foreign Ministry had made public in April its decision to introduce a cap on the number of staff at our missions abroad and at German intermediary organistions in Russia, a German Foreig

India's goods exports may see a marginal impact from Germany recession

But exports may contract in FY24 due to worsening external situation in FY24

Germany enters recession: What went wrong with Europe's largest economy?

According to Germany's statistics agency, the economy contracted by 0.3 per cent in the first quarter of the year, following a 0.5 per cent contraction in the final three months of 2022

Exports to Germany may get impacted as it enters recession: Traders

With the German economy contracting for two consecutive quarters, India's exports from sectors such as apparels, footwear, and leather goods to the European Union nation are likely to be impacted adversely, according to exporters. Data released by the Federal Statistical Office on Thursday shows that Germany's gross domestic product (GDP) declined by 0.3 per cent from January to March. This follows a drop of 0.5 per cent in Europe's biggest economy during the last quarter of 2022. "This is going to affect Indian exports not only to Germany but Europe as a whole since other countries are also already in recession," Mumbai-based exporter and Chairman of Technocraft Industries Sharad Kumar Saraf said. He said India's export to Germany stood at USD 10.2 billion in 2022-23 and it could see a fall due to long-term recession in Germany and the most affected sectors would be leather products, chemical, and light engineering items. Economic think-tank GTRI co-founder Ajay Srivastava said: .

German airline Lufthansa signs deal to buy stake in Italy's ITA Airways

German airline Lufthansa on Thursday signed a deal with the Italian government for a minority share in the long-struggling ITA Airways, formerly Alitalia. Lufthansa's industrial plan calls for revenues of 2.5 billion euros (USD 2.68 billion) this year, growing to 4.1 billion euros in 2027, the Italian Finance Ministry said in a statement. No financial terms were disclosed. The cashflow will allow ITA airlines to expand its fleet from 71 aircraft to 94 in the next four years, the statement said. The airline also foresees new hires to expand the workforce to 5,500. Under the strategy, Rome's Fiumicino airport will become one of the Lufthansa Group's hubs, as ITA Airways focuses on long-range flights. Lufthansa CEO Carsten Spohr also identified Milan, Italy's business and finance hub, as having potential for growth. The deal must be approved by EU competition authorities. ITA Airways and its Alitalia predecessor have long been searching for an industrial partner as the Italian airlin