Porsche SE Withdraws Profit Forecast, Anticipates Substantial Loss
Porsche SE withdrew its profit forecast for the fiscal year, now expecting a substantial loss due to significant write-downs on its VW shares; this stems from a discrepancy between the book value and current market value of the shares, exacerbated by a delay in VW's internal planning data related to...
Porsche SE Withdraws Profit Forecast, Anticipates Substantial Loss
Porsche SE withdrew its profit forecast for the fiscal year, now expecting a substantial loss due to significant write-downs on its VW shares; this stems from a discrepancy between the book value and current market value of the shares, exacerbated by a delay in VW's internal planning data related to...
Progress
36% Bias Score
Germany's Economy to Contract in 2024, Slow Growth Projected Through 2025
The Bundesbank forecasts a 0.2% contraction of the German economy in 2024, revised from a 0.3% growth prediction in June, and a mere 0.2% growth in 2025, down from 1.1%, due to energy dependence, aging population, deficient infrastructure, and declining Chinese demand, further complicated by politic...
Germany's Economy to Contract in 2024, Slow Growth Projected Through 2025
The Bundesbank forecasts a 0.2% contraction of the German economy in 2024, revised from a 0.3% growth prediction in June, and a mere 0.2% growth in 2025, down from 1.1%, due to energy dependence, aging population, deficient infrastructure, and declining Chinese demand, further complicated by politic...
Progress
32% Bias Score
Evonik Restructuring: 7,000 Jobs Affected by Major Restructuring
Evonik, a German chemical company, is restructuring, separating its "Technology & Infrastructure" division, potentially selling the infrastructure unit with 3,600 employees, while cutting 2,000 administrative roles and selling other businesses, impacting around 7,000 jobs in total.
Evonik Restructuring: 7,000 Jobs Affected by Major Restructuring
Evonik, a German chemical company, is restructuring, separating its "Technology & Infrastructure" division, potentially selling the infrastructure unit with 3,600 employees, while cutting 2,000 administrative roles and selling other businesses, impacting around 7,000 jobs in total.
Progress
48% Bias Score
German Economy Stagnates; Growth Dependent on Structural Reforms
Germany's economy is stagnating, with GDP projected to be unchanged in 2025 after a 0.2% decline in 2024 and minimal growth in 2025, according to leading economic institutes. Rising unemployment and restrained consumption are contributing factors, with the future trajectory dependent on whether stru...
German Economy Stagnates; Growth Dependent on Structural Reforms
Germany's economy is stagnating, with GDP projected to be unchanged in 2025 after a 0.2% decline in 2024 and minimal growth in 2025, according to leading economic institutes. Rising unemployment and restrained consumption are contributing factors, with the future trajectory dependent on whether stru...
Progress
48% Bias Score
"German States Pressure Federal Government for Economic Crisis Solutions"
"Germany's state premiers are urging the federal government for rapid solutions to the economic crisis, proposing lower energy prices, reduced flight taxes, and streamlined data access via NOOTS to stimulate the economy and attract skilled workers."
"German States Pressure Federal Government for Economic Crisis Solutions"
"Germany's state premiers are urging the federal government for rapid solutions to the economic crisis, proposing lower energy prices, reduced flight taxes, and streamlined data access via NOOTS to stimulate the economy and attract skilled workers."
Progress
40% Bias Score
Fuest Demands Economic Policy Shift in Germany
Ifo President Clemens Fuest calls for a fundamental shift in German economic policy to address geopolitical risks, climate change, and economic stagnation, proposing increased investments in key sectors, labor market adjustments, and tax reforms.
Fuest Demands Economic Policy Shift in Germany
Ifo President Clemens Fuest calls for a fundamental shift in German economic policy to address geopolitical risks, climate change, and economic stagnation, proposing increased investments in key sectors, labor market adjustments, and tax reforms.
Progress
40% Bias Score
Bundesbank sharply cuts German growth forecast, predicts recession
The Bundesbank drastically lowered its German economic growth forecast for 2024 to a 0.2% contraction and 0.2% for 2025, citing persistent economic headwinds, structural problems, and potential global protectionism as key factors, while predicting inflation to gradually decline to 2% by 2026.
Bundesbank sharply cuts German growth forecast, predicts recession
The Bundesbank drastically lowered its German economic growth forecast for 2024 to a 0.2% contraction and 0.2% for 2025, citing persistent economic headwinds, structural problems, and potential global protectionism as key factors, while predicting inflation to gradually decline to 2% by 2026.
Progress
44% Bias Score
Evonik Announces Major Restructuring Amidst German Chemical Industry Downturn
Evonik, a German chemical company, announced its largest-ever restructuring plan, impacting around 7000 jobs due to cost-cutting and the reorganization into two segments (Custom Solutions and Advanced Technologies), each with approximately €6 billion in annual revenue, effective April 1, 2025. Despi...
Evonik Announces Major Restructuring Amidst German Chemical Industry Downturn
Evonik, a German chemical company, announced its largest-ever restructuring plan, impacting around 7000 jobs due to cost-cutting and the reorganization into two segments (Custom Solutions and Advanced Technologies), each with approximately €6 billion in annual revenue, effective April 1, 2025. Despi...
Progress
4% Bias Score
Bundesbank drastically cuts German growth forecasts
Germany's central bank, the Bundesbank, slashed its economic growth forecasts for 2025 and 2026 to 0.2% and 0.8%, respectively, citing persistent economic headwinds, structural problems, and a sharp decline in October exports (down 2.8% from September).
Bundesbank drastically cuts German growth forecasts
Germany's central bank, the Bundesbank, slashed its economic growth forecasts for 2025 and 2026 to 0.2% and 0.8%, respectively, citing persistent economic headwinds, structural problems, and a sharp decline in October exports (down 2.8% from September).
Progress
40% Bias Score
Erhard's 1959 Warning: A Turning Point in German Fiscal Policy
In 1959, German Economics Minister Ludwig Erhard warned against Germany's growing consumption, arguing that it threatened economic stability and advocating for fiscal responsibility. His speech in the Bundestag sparked debate, highlighting a shift in German economic policy from fiscal restraint to i...
Erhard's 1959 Warning: A Turning Point in German Fiscal Policy
In 1959, German Economics Minister Ludwig Erhard warned against Germany's growing consumption, arguing that it threatened economic stability and advocating for fiscal responsibility. His speech in the Bundestag sparked debate, highlighting a shift in German economic policy from fiscal restraint to i...
Progress
44% Bias Score
"Germany's Economy Faces Recession Amidst Industrial Crisis and Political Uncertainty"
"Germany's leading economic institutes predict a 0.1-0.2% GDP contraction in 2024, primarily due to industrial weakness caused by rising costs, global competition, and political instability following the November 2023 collapse of the governing coalition; growth in 2025 is projected to be weak at bes...
"Germany's Economy Faces Recession Amidst Industrial Crisis and Political Uncertainty"
"Germany's leading economic institutes predict a 0.1-0.2% GDP contraction in 2024, primarily due to industrial weakness caused by rising costs, global competition, and political instability following the November 2023 collapse of the governing coalition; growth in 2025 is projected to be weak at bes...
Progress
40% Bias Score
IG Metall Demands €600 Billion for German Industry
Germany's IG Metall union is demanding €600 billion in public infrastructure investment, a wealth tax, and industrial aid to secure eight million jobs and modernize the industrial sector, planning a March action day to emphasize its demands.
IG Metall Demands €600 Billion for German Industry
Germany's IG Metall union is demanding €600 billion in public infrastructure investment, a wealth tax, and industrial aid to secure eight million jobs and modernize the industrial sector, planning a March action day to emphasize its demands.
Progress
36% Bias Score