Page 26 - Germany

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

Germany enters recession as energy prices soared after Ukraine war

First-quarter output shrank 0.3% from the previous three months following a 0.5% drop between October and December, statistics office. Its initial estimate, last month, was for stagnation

Germany's GDP shrinks by 0.3% in first quarter, puts economy into recession

New figures show the German economy suffered an unexpected dip in the first quarter of this year, putting the country formally into recession. Data released Thursday by the Federal Statistical Office shows Germany's gross domestic product, or GDP, down by 0.3 per cent in the period from January to March. This follows a drop of 0.5 per cent in Europe's biggest economy during the last quarter of 2022. Two consecutive quarters of decline constitute a technical recession. The figures are a blow to the German government, which last month boldly doubled its growth forecast for this year after a feared winter energy crunch failed to materialise. It said GDP will grow by 0.4 per cent up from a 0.2 per cent expansion predicted in late January a forecast that may now need to be revised downward. Economists said high inflation hit consumer spending, with prices in April 7.2 per cent higher than a year ago. GDP reflects the total value of goods and services produced in a country. Some exper

To encourage immigration, Germany considering easier citizenship norms

The change has been brought at a time when Germany needs a workforce to cater to various sectors in the country

South Korean, German leaders agree to cooperate on supply chains, N. Korea

The leaders of South Korea and Germany on Sunday pledged more cooperation in building stable industrial supply chains and addressing the challenges posed by nuclear-armed North Korea as they met in Seoul after flying in from the Group of Seven meetings in Japan. South Korean President Yoon Suk Yeol, in a joint news conference with German Chancellor Olaf Scholz, pointed to the similarities between the two major manufacturing nations that are dependent on foreign trade and said a stronger supply chain partnership would help them cope with intensifying global economic instability and geopolitical conflicts. He said the countries in particular will work to advance trade relations in high-tech industries and clean energy, including semiconductors and hydrogen projects, and pursue further opportunities in defense cooperation. Yoon said they also discussed the growing threat posed by North Korea, which has test-fired around 100 missiles since the start of 2022 while accelerating its push t

'Glad to have met my friend' PM posts photo with German Chancellor at G7

Prime Minister Modi met German Chancellor during which the two leaders reviewed and positively assessed progress in bilateral relations and exchanged views on regional developments

Five on trial in Germany over plot to kidnap health minister, topple govt

Five people go on trial in Germany on Wednesday accused of planning a far-right coup and plotting to kidnap the country's health minister. The four men, aged 44 to 56, and a 75-year-old woman are accused of founding or being members of a terrorist organisation and treason. Federal prosecutors say the group is linked to the Reich Citizens scene that rejects the legitimacy of Germany's postwar constitution and has similarities to the Sovereign Citizens and QAnon movements in the United States. Prosecutors say they intended to create conditions similar to civil war by using explosives to cause nationwide blackouts, then kidnapping Health Minister Karl Lauterbach a prominent advocate of strict coronavirus measures. There were no indications the group, which called itself United Patriots, was close to launching a coup. But prosecutors said the group's procurement of weapons and money showed they were "dangerous criminals who wanted to implement their plans. The men, whose names weren'

Global economy risks stalling as China, Germany juggernauts slow: Report

The latest data suggest that key parts of the upbeat case for a global pickup aren't working out as hoped

Indians fail German language test to qualify for asylum permit: Report

The latest number of failure rates were revealed after a member of parliament from Germany submitted a written question to the federal government

France preferred destination for Indians, sees max visa rejections: Report

At 20.12%, France has the highest visa rejection rate and 27,681 applications were rejected, the report suggests. It was followed by Spain with 18.5% or 14,852 visas rejected

Zelenskyy arrives in Berlin day after Germany announces military package

Ukrainian President Volodymyr Zelenskyy has arrived in Berlin, Germany, for the first time since Russia started its special military operation in February 2022.Taking to Twitter, Zelenskyy said, "Already in Berlin. Weapons. Powerful package. Air defence. Reconstruction. EU. NATO. Security."His visit comes a day after Germany announced military aid to Ukraine since the war began.He also thanked Germany for the military aid. "I thank Germany for the largest military aid package since the beginning of the full-scale Russian invasion. German air defence systems, artillery, tanks and infantry fighting vehicles are saving Ukrainian lives and bringing us closer to victory. Germany is a reliable ally! Together we are bringing peace closer!" Zelenskyy said in another tweet.Even in Berlin, Zelenkyy, while speaking to reporters, said, "I want to emphasize that Germany needs help [in] its defence, defence of life, protection of lives of our people in cities and villages everywhere, which helps to

Zelenskyy arrives in Berlin to meet German leaders, discuss arms deliveries

Ukrainian President Volodymyr Zelenskyy arrived in Berlin early Sunday for talks with German leaders about further arms deliveries to help his country fend off the Russian invasion and rebuild what's been destroyed by more than a year of devastating conflict. A Luftwaffe jet flew Zelenskyy to the German capital from Rome, where he had met Saturday with Pope Francis and Italian Premier Giorgia Meloni. On the eve of his arrival which took place amid tight security the German government announced a new package of military aid for Ukraine with aid worth more than 2.7 billion euros (USD 3 billion), including tanks, anti-aircraft systems and ammunition. Already in Berlin. Weapons. Powerful package. Air defense. Reconstruction. EU. NATO. Security, Zelenskyy tweeted Sunday, in an apparent reference to the key priorities of his trip. After initially hesitating to provide Ukraine with lethal weapons, Germany has become one of the biggest suppliers of arms to Ukraine, including Leopard 1 an