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German inflation nears 50-year peak

Annual inflation in Germany accelerated to 7.9% in May, final estimates from the country’s Federal Statistical Office (Destatis) show. In May alone, consumer prices rose by 0.9%, after jumping 0.8% in April. According to the agency’s press release on Tuesday, it’s the largest inflationary spike to hit Europe’s largest economy …

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Ukraine to get heavy German arms on symbolic date

Ukraine will receive the first batch of heavy weapons from Germany around June 22, Ukrainian Ambassador to Berlin Andrey Melnyk told Ukraine’s Novoye Vremya newspaper on Friday. The delivery is expected to include seven PzH 2000 howitzers promised by German Defense Minister Christine Lambrecht in early May, he added. “We …

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Moscow responds to German spying allegations

Moscow has shot back at Germany’s accusations of spying, with Foreign Ministry spokeswoman Maria Zakharova saying on Sunday that Berlin forgot about America’s wiretapping practices. The remark was in response to German Interior Minister Nancy Faeser’s recent warning that Russia could be wiretapping government offices in the capital. In an …

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German industry warns against Russian gas embargo

An embargo on Russian gas would hurt Europe and its industries, Christian Kullmann, the head of the Chemical Industry Association and CEO of Evonik Industries AG, Germany’s second largest chemical company, said on Saturday. “The industry is deprived of the air that it needs for breathing, or rather, the gas …

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Casualty tallies from German train crash rise

Investigators combing through the wreckage of a passenger train that derailed on Friday near a resort in Germany’s Bavarian Alps have raised the death toll from the crash to five and said more bodies may be discovered. At least 44 people were injured, including an unspecified number of children, and …

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German exports to Russia tumble

The volume of German exports to Russia decreased to €800 million ($859 million) in April, down by 10% compared with March, the German Federal Statistical Office, Destatis, said on Friday, citing sanctions and other restrictions. The figure, however, is much better than in March, when exports collapsed by more than …

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German army needs ‘enemy image’ – top MP

A complex modernization of the German Armed Forces would require re-inventing “an image of an enemy,” Marie-Agnes Strack-Zimmermann, the head of the German Bundestag’s Defense Committee, has said. Now, as Russia continues its military operation in Ukraine, the Bundeswehr sees once again “what an enemy might look like,” the MP told …

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German inflation nears 50-year high

The German statistics office Destatis has reported another jump in inflation in May as food and energy prices continue to climb. Annual inflation in Europe’s top economy has reached 7.9%, the highest level since the 1973 oil crisis. The surge comes amid the conflict in Ukraine and the unprecedented sanctions …

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Russian gas embargo is ‘poison’ for German society – official

An embargo on Russian natural gas would seriously affect the German economy, as well as society, Labor Minister Hubertus Heil said in an interview with news outlet Funke, published on Saturday. “We should gradually become independent from gas imports, but the immediate imposition of an embargo would both complicate the …

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