Germany Archives - Page 6 of 6

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…