Germany's Snap Election: Merz Poised to Win, Coalition Talks Loom
Germany's Chancellor Olaf Scholz lost a no-confidence vote, triggering snap elections on February 23rd, 2024; the CDU/CSU, led by Friedrich Merz, is projected to win with 32% support, needing a coalition partner; key issues include the struggling economy, automotive industry challenges, and the rise...
Germany's Snap Election: Merz Poised to Win, Coalition Talks Loom
Germany's Chancellor Olaf Scholz lost a no-confidence vote, triggering snap elections on February 23rd, 2024; the CDU/CSU, led by Friedrich Merz, is projected to win with 32% support, needing a coalition partner; key issues include the struggling economy, automotive industry challenges, and the rise...
Progress
56% Bias Score
Baden-Württemberg Reforms Nine-Year Gymnasium to Address Skilled Worker Shortage
Baden-Württemberg is overhauling its nine-year Gymnasium, extending it by a year, boosting STEM education (including a dedicated 5th-11th grade computer science and AI course), and enhancing vocational guidance to address a projected 910,000 skilled worker shortage by 2035.
Baden-Württemberg Reforms Nine-Year Gymnasium to Address Skilled Worker Shortage
Baden-Württemberg is overhauling its nine-year Gymnasium, extending it by a year, boosting STEM education (including a dedicated 5th-11th grade computer science and AI course), and enhancing vocational guidance to address a projected 910,000 skilled worker shortage by 2035.
Progress
24% Bias Score
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
Merz Predicts SPD Electoral Gains, Outlines CDU Strategy
CDU chancellor candidate Friedrich Merz predicts the SPD will gain more support before the German federal election, potentially reaching 20 percent, while the Union, despite having its core voters, needs to reach out to undecided voters to secure a win. He also comments on the financing of the CDU's...
Merz Predicts SPD Electoral Gains, Outlines CDU Strategy
CDU chancellor candidate Friedrich Merz predicts the SPD will gain more support before the German federal election, potentially reaching 20 percent, while the Union, despite having its core voters, needs to reach out to undecided voters to secure a win. He also comments on the financing of the CDU's...
Progress
36% Bias Score
German Transport Sector Warns of Severe Disruptions Due to Potential Syrian Worker Departure
Ingo Wortmann, head of the German Association of Transport Companies, warned that the departure of approximately 2,000 Syrian public transport drivers in Germany would severely disrupt services, highlighting the economic reliance on Syrian workers amidst debates about their repatriation.
German Transport Sector Warns of Severe Disruptions Due to Potential Syrian Worker Departure
Ingo Wortmann, head of the German Association of Transport Companies, warned that the departure of approximately 2,000 Syrian public transport drivers in Germany would severely disrupt services, highlighting the economic reliance on Syrian workers amidst debates about their repatriation.
Progress
48% 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