After flatlining in this year’s second quarter, Germany’s economy contracted 0.1 percent in the third. New data shows GDP continuing to decline, leading the country’s central bank to predict another three months of shrinkage.
German container shipping company Hapag-Lloyd reported profits this year through September were almost 80 percent below those of last year over the same period, falling to €3.2 billion.
German politicians agreed in principle to double the country’s military aid for Ukraine in 2024 as the war shows no sign of ending.
The prices that German manufacturers charge for their goods plunged 14.7 percent in this year’s first nine months, the steepest nine-month plunge since records began being kept in 1949, the government reported.
Germany announced last week that it will increase border controls to help deal with the influx of new asylum seekers entering the country from Poland and the Czech Republic, which has been a source of contention in EU countries.
Berlin has declared war on Russia and on the average German.
Germany, which killed some 24 million Russians in World War II, and who, according to former President John F. Kennedy, destroyed Russia’s farms, factories, homes, and cities equivalent to destroying from Chicago to America’s east coast... is on the attack against Russians again.
Establishment politicians in Germany are pressing panic buttons amid the surge in popularity for the country’s top “far-right” political party—the Alternative for Germany, or AfD—that seems poised to make gains in local and national elections based on financial hardship and disgust for the ruling elite.
Several moves in Germany spell good news for bitcoin adoption and investment. Via a new platform called wpNex offered by securities processing giant Deutsche WertpapierService Bank AG (dwpbank), some 1,200 German banks will be able to offer bitcoin to retail customers.
Germany’s economic output shrank 0.2 percent in 2022’s final quarter, year over year, the national statistics office announced.