Industry & Trade
Latests news and information on industry, industrial development, manufacturing, domestic and international trade.
German 'chemical town' fears impact of industrial decline
Germany's industrial decline is taking a painful toll on communities that have long relied on local manufacturing titans for jobs, prosperity and a sense of a secure future.
India expected to overtake Germany as world's third-largest economy
Despite downturns and stagnation, Germany remains the world's third largest economy for the third year running, according to a new study. But India is expected to jump ahead by the end of the decade.
'German economy will not take off in 2026,' says chamber of commerce
Germany's economy is unlikely to rebound in 2026 as geopolitical uncertainty, high costs and weak domestic demand weigh on growth, the German Chamber of Industry and Commerce (DIHK) said Tuesday.
German chemical firm to cut 1,500 jobs as crisis deepens
German chemical group Wacker Chemie said Thursday it will axe 1,500 jobs, almost a tenth of its workforce, in a cost-cutting drive as the sector slips deeper into crisis.
What to know about plans to save the German steel industry
With the industry teetering on the brink of collapse, the German Chancellor is hosting an urgent steel summit this week. Why is the industry so important for Germany, and can it be saved?
German Chancellor Merz ramps up pressure on EU over electric car shift
German Chancellor Friedrich Merz called Tuesday for "more flexibility" from the EU in the transition to electric cars as resistance grows over plans to phase out combustion-engine vehicle sales by 2035.
Merz to open Munich motor show as engine row threatens to combust
German Chancellor Friedrich Merz will open the IAA motor show in Munich on Tuesday as debate rages over the EU's target to phase out combustion-engine vehicle sales within a decade.
German businesses worried about sharp drop in incoming asylum-seekers
Businesses across various industries, from hospitality to postal services, are concerned that they may struggle to fill basic jobs amid a sharp drop in the number of refugees entering Germany.
EU still seeking trade deal after new Trump tariff threat
The EU still hopes to strike a deal with the United States despite President Donald Trump's ramped-up threat of 30-percent tariffs, the bloc's trade chief said Monday, with pressure on Brussels to toughen its stance.
Germany needs more than money to upgrade its crumbling roads and bridges
As Germany's new government plans an ambitious push to rebuild bridges and big infrastructure projects across the country, local leaders say it will take more than funding to make projects happen.
High times for German cannabis firm since legalisation
Top members of Germany's new conservative-led government have pushed for an 'evaluation' of cannabis legalisation, but for now companies producing and selling the product are seeing business boom.
How will Trump's car tariffs impact Germany?
US President Donald Trump has announced another tariff on foreign imports, this time affecting cars and car parts. Here's how its expected to affect the German economy.
Will German consumers join the growing boycott of US-made goods?
European consumers outraged by US President Donald Trump’s Ukraine policy turnaround, among other issues, have begun boycotting products and services made by US-based companies. Will the boycott take off in Germany?
What do Trump's steel and aluminium tariffs mean for Germany?
US President Donald Trump is continuing to rely heavily on tariffs in his economic policy. Revived tariffs on metal imports to the US are expected to hit Europe - and especially Germany - hard.
Is Germany really on course to cut 140,000 auto industry jobs in a decade?
Over 140,000 automotive manufacturing jobs are expected to be cut over the coming decade in Germany, a new study has found. But this is only half the story, as new jobs are being added in related sectors, an employment expert says.
EXPLAINED: Will there be job losses and plant closures at Volkswagen in Germany?
Volkswagen, Europe's biggest carmaker, has cancelled a long-standing job-protection deal and is mulling closing factories in Germany as it attempts to cut costs. Here's what we know so far – and who could be affected.
Tesla imports to face lower-rate EU tariffs in Germany than other China-made EVs
The European Commission announced plans Tuesday to impose an extra nine-percent tariff on Tesla's China-made electric cars, much lower than what Chinese firms face unless Beijing compromises in a trade row.
Germany sold less beer in first half of 2024 despite Euros
Germany's breweries sold less beer in the first six months of 2024 despite the Euro 2024 tournament being held in the country.
Fire at Germany's BASF plant leaves 18 injured
An explosion and subsequent fire at the main plant of German chemical giant BASF left 18 workers slightly injured, the company said.
Germany's hospitality industry sees no major impact from home Euro 2024
"Only a few businesses were able to benefit directly" from the European Football Championship in Germany, according to a recent survey carried out by the German Hotel and Restaurant Association (DEHOGA).
'Not a club you want to visit': How Berliners are reacting to Tesla's new nightclub
A new techno club opened inside the Tesla factory just outside Berlin's city limits. A number of employees have celebrated the opening online, but local clubgoers are more sceptical.
German arms maker to hire workers from ailing auto firm
German weapons manufacturer Rheinmetall, whose business has boomed amid the Ukraine war, is set to hire workers from Continental as the auto supplier cuts thousands of jobs, the companies said on Friday.
'It's all the same to me': Why German auto workers are learning to install heat pumps
Emrullah Karaca has made brakes for the past 20 years, but he is now learning to assemble heat pumps instead, as the Continental factory where he works in northern Germany is slated to close.