Page 30 - Germany

India great example of how financial inclusion can work: German envoy

India is a great example of how to bring about financial inclusion and it needs to share this experience with the world at large, a German diplomat, who was a part of the delegation at a recent G20 meeting in Kolkata, said. He also said that India has taken over the G20 presidency from Indonesia at a crucial time for world development. "India is a great example of how financial inclusion can work. Over the last 10-odd years, you have made tremendous progress, and are much further advanced when it comes to electronic payment methods than, say, Germany for example," Manfred Auster, the Consul General of Germany in Kolkata, told PTI. Auster was a part of the delegation at the first Global Partnership for Financial Inclusion meeting of the G20, which was held from January 9-11. "In India, you pay everything with Unified Payments Interface (UPI), every small vendor will accept it. But in Germany, we still use quite a lot of cash Financial inclusion is important as common people, especia

Investment in German start-ups slumps 43% in 2022 to nearly $10.6 billion

Investment in German start-ups slumped by 43 per cent in 2022 to nearly 9.9 billion euros ($10.6 billion), after a record year in 2021, consulting firm Ernst and Young (EY) Germany said.

Poland to seek US help with WWII compensation from Germany: Dy FM Mularczyk

Poland will seek help from the US in its pursuit to claim World War II reparations from Germany, Deputy Foreign Minister Arkadiusz Mularczyk said here.

Iranian detained, suspected of chemical attack plot, says Germany

A 32-year-old Iranian man has been detained in Germany on suspicion of planning an attack with deadly chemicals, officials said Sunday. Police and prosecutors said the man and another person were detained overnight in the town of Castrop-Rauxel, northwest of Dortmund. In a joint statement they said the man is suspected to have planned a serious attack motivated by Islamic extremism, for which he had allegedly sought to obtain the potent toxins cyanide and ricin. Specialists wearing anti-contamination suits were seen carrying evidence out of the man's home. A spokesman for Duesseldorf prosecutors later said an initial search of the premises turned up no toxic substances, German news agency dpa reported. It wasn't immediately clear how far advanced the plans for an attack were and whether the suspect had picked a specific target. Dpa quoted the top security official for North Rhine-Westphalia state, Herbert Reul, as saying authorities had received a serious tip that led police to .

Iranian national arrested in Germany, suspected of chemical attack plot

Authorities in western Germany say they have arrested an Iranian man on suspicion of planning an attack with deadly chemicals. Police and prosecutors said early on Sunday that the 32-year-old man and another person were detained in the town of Castrop-Rauxel, northwest of Dortmund. In a joint statement they said the man is suspected to have planned a serious attack motivated by Islamic extremism, for which he had allegedly obtained cyanide and ricin.

German tech firm SUSE expands footprint in India to support key markets

SUSE, a leading open source German software company, has said it is expanding its operations in India to support the company's growth in key markets. The company has already set up a centre of excellence in Bengaluru at a time India and Germany are looking at boosting cooperation in the high-technology sector. Founded 30 years ago in Germany, SUSE was the first company to bring enterprise Linux to the market. "India has seen a massive transformation in technology over the last few years, and we see this expansion as a pivotal opportunity for us to contribute to the economic growth and innovation," said Imran Khan, SUSE Chief Customer Officer. "This expansion demonstrates our continued global growth as a company and presents a wonderful opportunity to expand our already strong customer base in India by bringing even more innovation to market," he said. The official said SUSE is driving innovation with its three interconnected product families: Business-critical Linux, Enterprise .

Germany to supply armoured personnel carriers, Patriot battery to Ukraine

Germany will supply Ukraine with armoured personnel carriers and a Patriot missile battery, the government said on Thursday. The announcement came in a government statement after Chancellor Olaf Scholz spoke with US President Joe Biden. Germany's decision to supply Marder armoured personnel carriers comes after France said it will soon hold talks with Ukraine to arrange for the delivery of armoured combat vehicles France's presidency says that will be the first time this type of Western-made wheeled tank destroyer will be given to the Ukrainian military. The German government didn't specify how many Marder APCs will be supplied or when. It noted that the US last month announced that it would give a Patriot air defence missile battery to Ukraine and said that Germany will join the United States in supplying an additional Patriot air defense battery to Ukraine.

Poland asks for UN intervention to secure WWII damages from Germany

On September 1, 2022, the Polish government presented a report detailing the material losses suffered by Poland during World War II, along with a pledge to demand money from Germany in reparations

First tanker vessel with shipment of LNG from US arrives in Germany

The first regular shipment of liquefied natural gas from the United States arrived in Germany on Tuesday, part of a wide-reaching effort to help the country replace energy supplies it previously received from Russia. The tanker vessel Maria Energy arrived at the North Sea port of Wilhelmshaven, where its shipment of LNG will be converted back into gas at a special floating terminal that was inaugurated last month by German Chancellor Olaf Scholz. Germany has rushed to find a replacement for Russian gas supplies following Russia's invasion of Ukraine. The facility in Wilhelmshaven is one of several such terminals being put in place to help avert an energy supply shortage. Germany has also temporarily reactivated old oil- and coal-fired power stations and extended the life of its last three nuclear power plants until mid-April. Environmental campaigners said they planned to protest the arrival of the Maria Energy, arguing Germany shouldn't be importing fossil fuels, particularly gas

Consumer gas prices in Germany to remain high for most of 2023: Minister

To secure Germany's gas supply, liquefied natural gas terminals were being constructed to create new infrastructure for imports

As Covid-19 cases fall, Indians drag feet to get their booster shots

Less than 30,000 booster doses daily in December, vaccine coverage flat for two months

Germany nationalises Uniper after EU approval to prevent gas shortage

The German government said on Thursday that it has nationalised energy company Uniper after the European Union gave its blessing for it to rescue the gas supplier. The government announced its plan to nationalise Uniper in September, expanding state intervention in the energy sector to prevent a shortage resulting from Russia's war in Ukraine. The deal built on an initial rescue package agreed in July and features a capital increase of 8 billion euros (USD 8.5 billion) that Germany is financing. Uniper's existing shareholders approved the measures on Monday. The EU's executive Commission gave its conditional approval on Tuesday. The government is obliged to reduce its stake to 25 per cent plus one share by 2028, a deadline that can only be extended with the Commission's approval. Germany's finance and economy ministries said Thursday that the government has now taken a stake of some 99 per cent in the company. Uniper's existing management remains in place. Uniper was controlled u

Germany returns to coal as energy crisis overpowers climate targets

Europe's largest economy is burning the fossil fuel for electricity at the fastest pace in at least six years

Fifa World Cup: Top five iconic finals that lived up to the occasion

Fifa World Cup final: Here's a look at some of the iconic finals of the football World Cup in the history of the game

German Bundesrat approves price cap for electricity, gas to cushion impact

The price brakes are to apply from March 2023, but consumers also receive a one-time payment in January and February

German coup plot fuelled by conspiracy claims, Covid-19 measures

Reich Citizens consider the partition of Germany by Allied powers after World War II and the subsequent democratic states that followed to have been illegal

Germany, Belgium's early exit from FIFA WC leads to jersey devaluation

For some favourites who remain in Qatar, their jerseys have been sold out, but in stark contrast, for some other sides that have already left, their kits are unsalable

Officials predict more arrests likely over German alleged far-right plot

German officials say they expect more people to be detained in connection with an alleged far-right plan to topple the government that saw 25 people rounded up Wednesday, including a self-styled prince, a retired paratrooper and a judge. The plot was allegedly hatched by people linked to the so-called Reich Citizens movement, which rejects Germany's post-war constitution and the legitimacy of the government. Georg Meier, the top security official in Thuringia state, told public broadcaster Deutschlandfunk on Thursday that he expects a second wave of people being detained as authorities review evidence. Meier accused the far-right Alternative for Germany party of fuelling conspiracy theories like those that allegedly motivated the plotters detained across the country this week. Those held include a former Alternative for Germany lawmaker, Birgit Malsack-Winkemann, who is also a Berlin judge. The party condemned the alleged coup plans. Also detained was Heinrich XIII Prince Reuss, w

Germany ramps up power generation from coal amid energy crisis: Report

More than a third of electricity produced and fed into the grid in Germany in the third quarter of 2022 was generated by coal-fired power plants, according to a report based on provisional results

Germany busts plot to put ex-royal back in power, detains 25 people

Prosecutors said the group was inspired by the deep state conspiracy theories of Germany's Reichsbuerger and QAnon, whose advocates were among those arrested after the storming of the U.S. Capitol