Germany Archives - Page 6 of 6

German Food Producers Warn of ‘Serious’ Shortages

Food producers in Germany are warning of "serious" shortages as the global industry faces the "worst crisis since the end of the Second World War." German frozen and fresh food producers are raising the alarm, warning that they are unable to cope with soaring energy costs. According to the German outlet Die…

Russia Halts Gas Flows to Europe, Germany Claims ‘No Cause for Alarm’ Yet

Russia has halted gas supplies to Europe via a key European supply route citing maintenance issues, according to reports. Some European countries have warned that the move by the Russian government is retaliation for backing Ukraine in the war. The news of the supply suspension has also sent prices on…

Germany’s Fears of Winter Gas Shortages Ease as Storage Fills up Faster than Expected

Germany’s Economy Minister Robert Habeck has announced that the German government's fears of major natural gas shortages over the winter are easing. The relief comes as the country’s gas storage facilities are filling up faster than expected. The news provides some hope amid fears of chronic shortages this winter due…

Inflation Sees Food Prices Soar to Record High in Germany

Inflation in Germany has seen food prices soar to the highest level on record in July, according to the country’s statistical agency. The food inflation comes despite the overall pace of price growth easing slightly. On Wednesday, Destatis, Germany’s Federal Statistical Office, said that food prices jumped by 14.8 percent…

Germany’s Producer Price Soars to Record High as Inflation Raises Production Costs

Germany’s producer prices hit a record high in May as soaring energy costs and inflation continue to push production costs through the roof. The latest figures suggest households in Europe’s biggest economy should brace for even higher consumer price inflation. At least a portion of higher business costs tends to…

Germany Narrowly Avoids Recession as Pandemic, Ukraine Invasion Weigh Heavily on Economy

Germany has narrowly avoided a recession in the first quarter as its economy comes under increasing pressure from the Ukraine invasion and the lingering impact of the pandemic. The war and the effects of pandemic restrictions are weighing on German economic activity. However, Europe’s biggest economy still managed to eke…

Germany Deals Huge Blow to Putin, Seizes $600M Yacht from Russian Oligarch

Germany has just dealt a massive blow to President Vladimir Putin's loyal circle by seizing a Russian oligarch’s $600 million yacht. Russian billionaire Alisher Usmanov, a close ally of Putin, was sanctioned by the European Union. And, according to a report by Forbes, one of Usmanov's prized possessions, the 512-foot…

96% of German Omicron Cases Are ‘Fully Vaccinated,’ Report Shows

Of the recorded cases of Omicron in Germany, almost 96 percent of people who tested positive for the COVID-19 variant are "fully vaccinated," according to a bombshell government report. The report was compiled by the German federal government agency Robert Koch Institute (RKI). Accoridng to sample data published by RKI, only…