Germany, the powerhouse of Europe's economy, is currently navigating through turbulent economic waters. In its latest report, the Bundesbank has sounded the alarm of a looming recession.

According to the bank, Germany's external demand is weakening; consumers are exercising caution, and soaring borrowing costs hinder domestic investment. Since the onset of the conflict between Russia and Ukraine, Germany has experienced four consecutive quarters of stagnant or negative growth, posing significant challenges to the broader Eurozone economy.

Critics are raising concerns about the sustainability of Germany's economic model, particularly its heavy reliance on energy-intensive industries. The government, however, contends that the current downturn results from various factors, including heightened energy costs, weakened Chinese demand, and rapid inflation. Nonetheless, foreign industrial demand is declining, exacerbating the strain on Germany's economy.

Following the European Central Bank's decision to increase interest rates, the rise in financing costs has further dampened investment prospects in Germany.

Despite these challenges, the Bundesbank expects a minimal deterioration in the country's labour market, which has historically shown resilience during economic downturns.

However, disruptions in global shipping, although deemed minor, add another layer of complexity to Germany's economic challenges.

Germany, the powerhouse of Europe's economy, is currently navigating through turbulent economic waters. In its latest report, the Bundesbank has sounded the alarm of a looming recession.

Germany, the powerhouse of Europe's economy, is currently navigating through turbulent economic waters. In its latest report, the Bundesbank has sounded the alarm of a looming recession. According to the bank, Germany's external demand is weakening; consumers are exercising caution, and soaring borrowing costs hinder domestic investment. Since the onset of the conflict between Russia and Ukraine, Germany has experienced four consecutive quarters of stagnant or negative growth, posing significant challenges to the broader Eurozone economy. Critics are raising concerns about the sustainability of Germany's economic model, particularly its heavy reliance on energy-intensive industries. The government, however, contends that the current downturn results from various factors, including heightened energy costs, weakened Chinese demand, and rapid inflation. Nonetheless, foreign industrial demand is declining, exacerbating the strain on Germany's economy. Following the European Central Bank's decision to increase interest rates, the rise in financing costs has further dampened investment prospects in Germany. Despite these challenges, the Bundesbank expects a minimal deterioration in the country's labour market, which has historically shown resilience during economic downturns. However, disruptions in global shipping, although deemed minor, add another layer of complexity to Germany's economic challenges.

Germany teeters on the brink: Recession looms as Europe's economic engine sputters

<o:p></o:p>Ground staff at Lufthansa, are ready to start a strike on Tuesday, as stated by the Verdi union on Sunday, adding to numerous industrial actions unsettling Germany's transport sector.<o:p></o:p>

This is based on a Reuters report.<o:p></o:p>

The strike is scheduled to begin at 4 am local time on Tuesday and conclude early Wednesday morning, affecting airports like Frankfurt, Munich, Hamburg, Berlin, Duesseldorf, Cologne, and Stuttgart. <o:p></o:p>

"This strike is an unfortunate development," remarked Michael Niggemann, a member of Lufthansa's executive board overseeing human resources, expressing regret over the impending disruption caused by the industrial action. <o:p></o:p>

Niggemann highlighted Lufthansa's efforts to reach an agreement, charactersing their offer during negotiations as "far-reaching," although it was rebuffed by Verdi. <o:p></o:p>

The strike, he emphasised, would inconvenience both passengers and staff. <o:p></o:p>

The impending strike follows a similar disturbance earlier in February, which led to the cancellation of 900 out of 1,000 planned flights, impacting approximately 100,000 passengers. <o:p></o:p>

The ongoing dispute centres on collective bargaining agreements, with Verdi advocating for a substantial wage increase for around 25,000 ground staff workers. <o:p></o:p>

The union is pushing for a 12.5 per cent wage rise or a minimum monthly increment of 500 euros over a 12-month period, accompanied by a one-time payment of 3,000 euros to counter inflation.<o:p></o:p>

Verdi's demand for higher wages mirrors the broader labour unrest across Germany, where workers in various sectors have staged nationwide strikes, disrupting air travel, railways, and public transportation.<o:p></o:p>

(With inputs from Reuters) <o:p></o:p>

Ground staff at Lufthansa, are ready to start a strike on Tuesday, as stated by the Verdi union on Sunday, adding to numerous industrial actions unsettling Germany's transport sector.

Ground staff at Lufthansa, are ready to start a strike on Tuesday, as stated by the Verdi union on Sunday, adding to numerous industrial actions unsettling Germany's transport sector. This is based on a Reuters report. The strike is scheduled to begin at 4 am local time on Tuesday and conclude early Wednesday morning, affecting airports like Frankfurt, Munich, Hamburg, Berlin, Duesseldorf, Cologne, and Stuttgart. "This strike is an unfortunate development," remarked Michael Niggemann, a member of Lufthansa's executive board overseeing human resources, expressing regret over the impending disruption caused by the industrial action. Niggemann highlighted Lufthansa's efforts to reach an agreement, charactersing their offer during negotiations as "far-reaching," although it was rebuffed by Verdi. The strike, he emphasised, would inconvenience both passengers and staff. The impending strike follows a similar disturbance earlier in February, which led to the cancellation of 900 out of 1,000 planned flights, impacting approximately 100,000 passengers. The ongoing dispute centres on collective bargaining agreements, with Verdi advocating for a substantial wage increase for around 25,000 ground staff workers. The union is pushing for a 12.5 per cent wage rise or a minimum monthly increment of 500 euros over a 12-month period, accompanied by a one-time payment of 3,000 euros to counter inflation. Verdi's demand for higher wages mirrors the broader labour unrest across Germany, where workers in various sectors have staged nationwide strikes, disrupting air travel, railways, and public transportation. (With inputs from Reuters)

Lufthansa ground staff set to strike amid wage dispute: Report

As traders and investors gear up for trade in the week ahead, a plethora of significant events across global markets is set to unfold, offering valuable insights into economic trends and market sentiment. Here are the key cues to watch out for.

What will trigger markets this week

US software giant Microsoft will invest $3.4 billion in the next two years, mostly in artificial intelligence, offering a boost to Europe's largest economy as it faces its worst slump in 20 years.

Microsoft bets on Germany in $3.4 bn AI push

What were the Russian president, the Chinese president and Iran's president or leader doing on the streets of Germany? Watch to find out.

Germany: Sarcastic floats in annual carnival parade address current national and global issues

Vladimir Putin, Xi Jinping, Al Khamenei in Germany's annual parade carnival

Germany, the fourth-largest economy, is grappling with a series of challenges as the new year unfolds. Recent strikes and protests have disrupted transportation networks and underscored deeper issues within the country's economy.

According a CNN report, a strike by Lufthansa ground crew, following earlier walkouts by train drivers and road blockages by farmers, has compounded travel chaos. These events highlight the depth of the malaise gripping Germany, as it contends with economic headwinds and structural weaknesses.

The economic landscape in Germany presents a mixed picture. Despite being the fourth-largest economy globally, Germany experienced a contraction last year, the first since the onset of the Covid-19 pandemic. Forecasts for 2024 aren't optimistic, with the International Monetary Fund predicting sluggish growth. Factors contributing to this downturn include high energy prices, borrowing costs, and weakened demand both domestically and internationally.

The energy crisis, catalysed by Russia's war in Ukraine, has exacerbated Germany's industrial woes. Official data revealed a concerning trend of industrial production decline, marking the longest slump on record according to CNN. However, the challenges extend beyond external shocks. Germany's structural issues encompass labour shortages, bureaucratic red tape, and outdated infrastructure, impeding productivity.

Marcel Fratzcher, president of the German Institute for Economic Research, advocates for a fundamental economic transformation. He emphasises the need to reshape Germany's industry to address long-term challenges. While the government has initiated measures such as incentivizing investment and easing immigration rules, experts argue that more extensive reforms are necessary to navigate the economic overhaul.

Germany's economic narrative is intertwined with its historical resilience and adaptability. From the post-World War II "Wirtschaftswunder" to overcoming the challenges of reunification, Germany has demonstrated resilience in the face of adversity. However, cracks in its business model are emerging, with shifts in global dynamics posing significant challenges.

Constanze Stelzenmuller from the Brookings Institution told CNN about Germany's vulnerability due to its strategic dependencies. The reliance on external factors for security, growth, and energy needs exposes Germany to risks in an increasingly competitive global landscape. Slowing growth in China, a major export market, and protectionist measures in the United States further compound these challenges.

Amidst these challenges, Germany's economic strengths remain undeniable. The country continues to attract foreign investment and boasts a thriving manufacturing sector as per CNN. Companies like Jungheinrich and MAN Energy Solutions exemplify innovation and adaptation, offering solutions aligned with climate-friendly technologies and global market demands.

Karl Haeusgen, president of Germany's Machinery and Equipment Manufacturers Association, told CNN, emphasising the resilience of German industries despite challenges. He acknowledges the need for adaptation but underscores the profound strengths of the country's industrial base. As Germany navigates through economic turbulence, the path to recovery may lie in leveraging its inherent strengths and fostering innovation.

Germany, the fourth-largest economy, is grappling with a series of challenges as the new year unfolds. Recent strikes and protests have disrupted transportation networks and underscored deeper issues within the country's economy.

Germany, the fourth-largest economy, is grappling with a series of challenges as the new year unfolds. Recent strikes and protests have disrupted transportation networks and underscored deeper issues within the country's economy. According a CNN report, a strike by Lufthansa ground crew, following earlier walkouts by train drivers and road blockages by farmers, has compounded travel chaos. These events highlight the depth of the malaise gripping Germany, as it contends with economic headwinds and structural weaknesses. The economic landscape in Germany presents a mixed picture. Despite being the fourth-largest economy globally, Germany experienced a contraction last year, the first since the onset of the Covid-19 pandemic. Forecasts for 2024 aren't optimistic, with the International Monetary Fund predicting sluggish growth. Factors contributing to this downturn include high energy prices, borrowing costs, and weakened demand both domestically and internationally. The energy crisis, catalysed by Russia's war in Ukraine, has exacerbated Germany's industrial woes. Official data revealed a concerning trend of industrial production decline, marking the longest slump on record according to CNN. However, the challenges extend beyond external shocks. Germany's structural issues encompass labour shortages, bureaucratic red tape, and outdated infrastructure, impeding productivity. Marcel Fratzcher, president of the German Institute for Economic Research, advocates for a fundamental economic transformation. He emphasises the need to reshape Germany's industry to address long-term challenges. While the government has initiated measures such as incentivizing investment and easing immigration rules, experts argue that more extensive reforms are necessary to navigate the economic overhaul. Germany's economic narrative is intertwined with its historical resilience and adaptability. From the post-World War II "Wirtschaftswunder" to overcoming the challenges of reunification, Germany has demonstrated resilience in the face of adversity. However, cracks in its business model are emerging, with shifts in global dynamics posing significant challenges. Constanze Stelzenmuller from the Brookings Institution told CNN about Germany's vulnerability due to its strategic dependencies. The reliance on external factors for security, growth, and energy needs exposes Germany to risks in an increasingly competitive global landscape. Slowing growth in China, a major export market, and protectionist measures in the United States further compound these challenges. Amidst these challenges, Germany's economic strengths remain undeniable. The country continues to attract foreign investment and boasts a thriving manufacturing sector as per CNN. Companies like Jungheinrich and MAN Energy Solutions exemplify innovation and adaptation, offering solutions aligned with climate-friendly technologies and global market demands. Karl Haeusgen, president of Germany's Machinery and Equipment Manufacturers Association, told CNN, emphasising the resilience of German industries despite challenges. He acknowledges the need for adaptation but underscores the profound strengths of the country's industrial base. As Germany navigates through economic turbulence, the path to recovery may lie in leveraging its inherent strengths and fostering innovation.

Germany faces economic challenges amid strikes and structural issues

Germany is keeping a 28-month-old Indian baby from her mother. Baby Ariha was taken away from her parents in Berlin when she was all of 7-month-old. German authorities have placed the baby in a facility for children with special needs. But Ariha is not a special needs baby.

Dhara Shah vs German Child Welfare: A mother's fight for rights to get her daughter back

German Chancellor Olaf Scholz has asked the US Congress to approve financial aid for Ukraine. Scholz is on a visit to US right now and has backed the efforts of President Joe Biden to generate funds.

German Chacellor Olaf Scholz' US visit, lobbies for aid to Ukraine

In a stark warning, TAG Immobilen, one of Germany's largest landlords, has forecasted that home prices in the country could plunge as much as 30 per cent below their 2022 peak, portraying a more pessimistic outlook than its counterparts. <o:p></o:p>

This is based on a Reuters report.<o:p></o:p>

The co-CEO of TAG Immobilen, Martin Thiel, expressed a somber view of Europe's largest residential property market, noting that while they anticipate a bottoming out at a 20 per cent decline, the company is preparing for a potential 25 per cent or 30 per cent drop. <o:p></o:p>

Thiel emphasised the need for financial precautions, stating, "The balance sheet must be able to withstand that. You simply need that cushion."<o:p></o:p>

Thiel's assessment contrasts sharply with the more optimistic outlook presented by Germany's largest listed property group, Vonovia. <o:p></o:p>

CEO Rolf Buch expressed cautious optimism that the worst might be over for the property market, acknowledging potential lower valuations in the next half-year but suggesting a turnaround soon. <o:p></o:p>

Despite a 10 per cent write-down of property value by Vonovia, Buch compared the market situation to Formula One racing, indicating an imminent acceleration after a period of braking.<o:p></o:p>

Germany's property industry, valued at 670 billion euros, plays a critical role in the country's economy, contributing significantly to jobs and output. <o:p></o:p>

Thiel's perspective diverges from other industry leaders, including LEG Immobilien's CEO Lars von Lackum, who remains more sanguine, stating, "The German property market is not going to implode." <o:p></o:p>

While Germany experienced a property boom in recent years, a sudden rise in interest rates and building costs has led to insolvencies and frozen deals, making it the hardest-hit country in Europe in the current property market upheaval.<o:p></o:p>

Thiel's comments offer a unique insight into an industry dominated by small, privately-owned companies. <o:p></o:p>

The reluctance to book losses among investors and executives has been a prevailing sentiment, hoping for an improvement in market conditions. <o:p></o:p>

Thiel highlighted the existing standstill in deals, with both buyers and sellers reluctant to bridge the gap in price expectations. <o:p></o:p>

He mentioned, "Potential buyers know that the prices have changed. Both sides are some way apart. That is why we partially have a standstill."<o:p></o:p>

Thiel admitted to misjudging the scale of the slump, leading to strategic measures such as withholding dividends, selling properties, and raising capital. <o:p></o:p>

The unforeseen volatility in the market has prompted a reassessment of stability, with Thiel reflecting, "If you had asked at the beginning of 2022 whether prices for apartments... would fall by 20 per cent, I probably would have said: impossible. The business is too stable for that.”<o:p></o:p>

Looking ahead, the forecast for the German property market in 2024 appears grim. Economic institute DIW predicts a decline in construction spending, marking the first decrease since the financial crisis, with stabilisation expected in 2025. <o:p></o:p>

The ongoing challenges in the property sector have led to calls for emergency aid, emphasising the broader economic implications of the downturn.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

In a stark warning, TAG Immobilen, one of Germany's largest landlords, has forecasted that home prices in the country could plunge as much as 30 per cent below their 2022 peak, portraying a more pessimistic outlook than its counterparts.

In a stark warning, TAG Immobilen, one of Germany's largest landlords, has forecasted that home prices in the country could plunge as much as 30 per cent below their 2022 peak, portraying a more pessimistic outlook than its counterparts. This is based on a Reuters report. The co-CEO of TAG Immobilen, Martin Thiel, expressed a somber view of Europe's largest residential property market, noting that while they anticipate a bottoming out at a 20 per cent decline, the company is preparing for a potential 25 per cent or 30 per cent drop. Thiel emphasised the need for financial precautions, stating, "The balance sheet must be able to withstand that. You simply need that cushion." Thiel's assessment contrasts sharply with the more optimistic outlook presented by Germany's largest listed property group, Vonovia. CEO Rolf Buch expressed cautious optimism that the worst might be over for the property market, acknowledging potential lower valuations in the next half-year but suggesting a turnaround soon. Despite a 10 per cent write-down of property value by Vonovia, Buch compared the market situation to Formula One racing, indicating an imminent acceleration after a period of braking. Germany's property industry, valued at 670 billion euros, plays a critical role in the country's economy, contributing significantly to jobs and output. Thiel's perspective diverges from other industry leaders, including LEG Immobilien's CEO Lars von Lackum, who remains more sanguine, stating, "The German property market is not going to implode." While Germany experienced a property boom in recent years, a sudden rise in interest rates and building costs has led to insolvencies and frozen deals, making it the hardest-hit country in Europe in the current property market upheaval. Thiel's comments offer a unique insight into an industry dominated by small, privately-owned companies. The reluctance to book losses among investors and executives has been a prevailing sentiment, hoping for an improvement in market conditions. Thiel highlighted the existing standstill in deals, with both buyers and sellers reluctant to bridge the gap in price expectations. He mentioned, "Potential buyers know that the prices have changed. Both sides are some way apart. That is why we partially have a standstill." Thiel admitted to misjudging the scale of the slump, leading to strategic measures such as withholding dividends, selling properties, and raising capital. The unforeseen volatility in the market has prompted a reassessment of stability, with Thiel reflecting, "If you had asked at the beginning of 2022 whether prices for apartments... would fall by 20 per cent, I probably would have said: impossible. The business is too stable for that.” Looking ahead, the forecast for the German property market in 2024 appears grim. Economic institute DIW predicts a decline in construction spending, marking the first decrease since the financial crisis, with stabilisation expected in 2025. The ongoing challenges in the property sector have led to calls for emergency aid, emphasising the broader economic implications of the downturn. (With inputs from Reuters)

German property market faces bleak outlook as TAG Immobilen warns of 30pc price decline

A princess in Germany has become the first Aristocrat to take off her clothes for the Playboy magazine. Xenia Florence Gabriela Sophie Iris who is the princess of Saxony has appeared topless in the local edition of the adult entertainment magazine.

German aristocrat appears on playboy, bares it all for photoshoot

German aviation giant Lufthansa is facing a major crisis. Up to 90 per cent of its flights are likely to be cancelled today. The reason: a walkout by the carrier's ground staff.

Lufthansa's ground staff to strike

Swedish prosecutors said on Wednesday they would drop their investigation into explosions on the Nord Stream 1 and 2 gas pipelines and hand evidence uncovered in the probe over to German investigators.

Sweden ends Nord Stream sabotage probe, hands evidence to Germany

Scientists have confirmed that an asteroid that exploded over Germany on January 21 is a rare spacerock type that can help shed light on the origins of Earth. The fragments of the asteroid 2024 BX1 were discovered just five days later and were analysed by a group of scientists&nbsp;who concluded that it belongs to a rare group called aubrites.

Peter Jenniskens, who was part of the team that recovered the fragments, was quoted by Space.com as saying that there had been only 11 known examples of aubrite meteorite falling on Earth in the past. The rare family is believed to represent just 1 per cent of known meteorites.

<h2>What makes aubrite meteorites different?</h2>

The aubrite meteorites stand out due to their unique characteristics. Unlike typical meteorites, they possess a translucent glass crust instead of a thick black one, and they exhibit a grey granite-like appearance, initially causing difficulty in distinguishing them from ordinary Earth rocks.

"The interesting thing about this fall is, we have a very nice orbit of it, and so the shape of the orbit itself contains clues as to where the source region for these meteorites was," Jenniskens said.

Watch:&nbsp;Russian cosmonaut sets a new record for the most time in space

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"They likely came from the inner side of the asteroid belt between Mars and Jupiter. That's a place where probably there is a lot of debris, a collision that created a lot of smaller pieces called an asteroid family," he added.

<h2>Why it is significant?</h2>

Jenniskens and colleagues from the Museum für Naturkunde in Berlin conducted the first analysis of one of these meteorite fragments using an electron beam microprobe. Their findings revealed that these meteorites share the typical mineralogy and chemical composition of aubrite-type rocks.

Originating from main belt asteroids like 2024 BX1, these meteorites date back approximately 4.5 billion years, coinciding with the formation of the solar system planets. They formed from material surrounding the young sun that remained after the planet formation process.

Also read:&nbsp;<a data-jsarwt="1" data-usg="AOvVaw11Qw9CK9-KWAvdnTtIE-VH" data-ved="2ahUKEwiA6MK-ppiEAxXa4TgGHWC4CywQxfQBKAB6BAgHEAE" href="https://www.wionews.com/science/space-marvel-nasas-incredible-shot-of-moon-earth-in-one-frame-leaves-internet-awestruck-687615" jsname="YKoRaf">Space marvel! NASA`s incredible shot of Moon, Earth in one frame leaves internet awestruck</a>

Due to their lack of alteration by geological processes, aubrite meteorites provide scientists with valuable insights into the primordial materials that shaped the inner rocky planets of the solar system, including Mercury, Venus, Mars, and Earth.

Jenniskens also noted that aubrites, like these meteorites, exhibit properties remarkably similar to those of Earth, such as water content and chemical ratios. This similarity offers researchers a unique opportunity to study the materials involved in the formation of our planet billions of years ago.

(With inputs from agencies)

Scientists have confirmed that an asteroid that exploded over Germany on January 21 is a rare spacerock type that can help shed light on the origins of Earth. The fragments of the asteroid 2024 BX1 were discovered just five days later and were analysed by a group of scientists who concluded that it belongs to a rare group called aubrites.

Scientists have confirmed that an asteroid that exploded over Germany on January 21 is a rare spacerock type that can help shed light on the origins of Earth. The fragments of the asteroid 2024 BX1 were discovered just five days later and were analysed by a group of scientists who concluded that it belongs to a rare group called aubrites. Peter Jenniskens, who was part of the team that recovered the fragments, was quoted by Space.com as saying that there had been only 11 known examples of aubrite meteorite falling on Earth in the past. The rare family is believed to represent just 1 per cent of known meteorites. What makes aubrite meteorites different? The aubrite meteorites stand out due to their unique characteristics. Unlike typical meteorites, they possess a translucent glass crust instead of a thick black one, and they exhibit a grey granite-like appearance, initially causing difficulty in distinguishing them from ordinary Earth rocks. "The interesting thing about this fall is, we have a very nice orbit of it, and so the shape of the orbit itself contains clues as to where the source region for these meteorites was," Jenniskens said. Watch: Russian cosmonaut sets a new record for the most time in space × "They likely came from the inner side of the asteroid belt between Mars and Jupiter. That's a place where probably there is a lot of debris, a collision that created a lot of smaller pieces called an asteroid family," he added. Why it is significant? Jenniskens and colleagues from the Museum für Naturkunde in Berlin conducted the first analysis of one of these meteorite fragments using an electron beam microprobe. Their findings revealed that these meteorites share the typical mineralogy and chemical composition of aubrite-type rocks. Originating from main belt asteroids like 2024 BX1, these meteorites date back approximately 4.5 billion years, coinciding with the formation of the solar system planets. They formed from material surrounding the young sun that remained after the planet formation process. Also read: Space marvel! NASA`s incredible shot of Moon, Earth in one frame leaves internet awestruck Due to their lack of alteration by geological processes, aubrite meteorites provide scientists with valuable insights into the primordial materials that shaped the inner rocky planets of the solar system, including Mercury, Venus, Mars, and Earth. Jenniskens also noted that aubrites, like these meteorites, exhibit properties remarkably similar to those of Earth, such as water content and chemical ratios. This similarity offers researchers a unique opportunity to study the materials involved in the formation of our planet billions of years ago. (With inputs from agencies)

Asteroid that fell in Germany ‘extremely rare’, as old as solar system: Scientists

German Finance Minister Christian Lindner warns that the country's inability to generate economic growth is making it poorer. The minister's comments underscore the dilemma confronting Europe's growth engine as it enters a second post-pandemic year when expansion is forecast to be weak at best.

Germany faces an extended period of little or no expansion

Lufthansa's ground staff in Germany is gearing up for a strike this Wednesday (Feb 7th), as workers call for better pay. The Verdi union, representing the staff, has called for a one-day strike by Lufthansa's ground staff as part of a pay dispute, adding to the series of transport strikes in Germany.&nbsp;

The strike, as per news agency AP, will affect Frankfurt, Munich, Hamburg, Berlin, and Düsseldorf airports, starting from 4 am (0200GMT) on Wednesday. Reuters reports that the strike will last until 7:10 am on Thursday (Feb 8th).

<h2>The demands</h2>

The union, as per reports, is advocating for a 12.5 per cent pay increase or a minimum additional monthly amount of 500 euros ($539) for nearly 25,000 employees over a 12-month period. This will cover roles such as check-in, aircraft handling, maintenance, and freight staff.&nbsp;

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In addition, they want a one-time payment of 3,000 euros to offset inflation.

The union argues that higher cost of living and heavy workload due to staff shortages warrant a pay rise.

<h2>Lufthansa reacts</h2>

Lufthansa&nbsp;criticised the scale of the strike and said that&nbsp;said it was working on a special timetable.&nbsp;A spokesperson for the airline said it's too early to give an exact number but admitted it will likely be a significant disruption, considering their daily schedule of 3,000 flights.

"It will naturally be a lot," said the spokesperson.

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The strike coincides with ongoing contract negotiations in the rail, air, and local transport sector, which has created a challenging period for travellers and commuters in Germany.&nbsp;

Previously, on last Thursday (Feb 1) Verdi staged a walkout involving security workers at major airports. This led to widespread flight cancellations, while a subsequent walkout on Friday (Feb 2) affected local buses, trams, and subway trains across the country. These brief one day or several hours "warning strikes" are a common tactic in German contract negotiations.

(With inputs from agencies)

Lufthansa's ground staff in Germany is gearing up for a strike this Wednesday (Feb 7th), as workers call for better pay. The Verdi union, representing the staff, has called for a one-day strike by Lufthansa's ground staff as part of a pay dispute, adding to the series of transport strikes in Germany.

Lufthansa's ground staff in Germany is gearing up for a strike this Wednesday (Feb 7th), as workers call for better pay. The Verdi union, representing the staff, has called for a one-day strike by Lufthansa's ground staff as part of a pay dispute, adding to the series of transport strikes in Germany. The strike, as per news agency AP, will affect Frankfurt, Munich, Hamburg, Berlin, and Düsseldorf airports, starting from 4 am (0200GMT) on Wednesday. Reuters reports that the strike will last until 7:10 am on Thursday (Feb 8th). The demands The union, as per reports, is advocating for a 12.5 per cent pay increase or a minimum additional monthly amount of 500 euros ($539) for nearly 25,000 employees over a 12-month period. This will cover roles such as check-in, aircraft handling, maintenance, and freight staff. Also read | Scotland set to increase minimum alcohol price by 30% to curb health crisis In addition, they want a one-time payment of 3,000 euros to offset inflation. The union argues that higher cost of living and heavy workload due to staff shortages warrant a pay rise. Lufthansa reacts Lufthansa criticised the scale of the strike and said that said it was working on a special timetable. A spokesperson for the airline said it's too early to give an exact number but admitted it will likely be a significant disruption, considering their daily schedule of 3,000 flights. "It will naturally be a lot," said the spokesperson. Also read | US professor fired over 'anti-Israel rant'. She once held machete to reporter's neck The strike coincides with ongoing contract negotiations in the rail, air, and local transport sector, which has created a challenging period for travellers and commuters in Germany. Previously, on last Thursday (Feb 1) Verdi staged a walkout involving security workers at major airports. This led to widespread flight cancellations, while a subsequent walkout on Friday (Feb 2) affected local buses, trams, and subway trains across the country. These brief one day or several hours "warning strikes" are a common tactic in German contract negotiations. (With inputs from agencies)

Lufthansa faces turbulence: Airlines ground staff to stage one-day strike over pay dispute

At least 200,000 people gathered in front of the German National parliament in berlin to protest against the far-right AfD party. Watch to know more!

Germany witnesses mass protests over reports of deportation of millions of migrants

Huge crowds of protesters have descended on cities in Germany as calls for a ban on the far-right Alternative for Germany (AfD) gain momentum.

Mass protests against Germany’s far-right AfD over deportation ‘master plan’

German airports had a deserted look as airport security personnel staged a one-day walkout at 11 German airports. Workers demanded higher pay & better conditions. Over 1,100 flights grounded due to strike across Germany. Watch to know more!

Germany: Airport security personnel stage one-day walkout at 11 airports

In pics | 'Fire and egg': Farmers' protest spread across Europe converges at EU summit

Germany has joined the likes of the U.S., UK and Portugal in piloting a 4-day work week. The trial is going to last six months. It will include hundreds of employees across 45 participating companies.

Gravitas | Germany's bold 4-day work week experiment

The German economy, already grappling with persistent inflation, high energy prices, and weak foreign demand, experienced a contraction of 0.3 per cent in the final quarter of 2023, signalling a challenging start to the new year.<o:p></o:p>

This is based on a Reuters report.<o:p></o:p>

While the contraction in the fourth quarter avoided technically qualifying as a recession, with GDP stagnating in the previous two quarters, economists are cautioning that a recession may be imminent.<o:p></o:p>

The Ifo institute forecasted a 0.2 per cent decline in GDP for the first quarter of 2024, indicating a potentially challenging economic landscape. <o:p></o:p>

Reuters cited Commerzbank economist Joerg Kraemer, who noted, "Private consumption, on which the optimists are counting, has disappointed right up to the end," while Alexander Krueger from Hauck Aufhaeuser Lampe highlighted that economic output in Germany hasn't seen growth in the past four years.<o:p></o:p>

In response to the economic challenges, the heads of four prominent German lobby groups sent a joint letter to Chancellor Olaf Scholz, urging reforms to boost the country's industry. The letter, dated Tuesday, appealed for measures to address major structural challenges faced by the German economy.<o:p></o:p>

The presidents of the BDI industry association, the BDA employers' association, the DIHK Chambers of Commerce, and the ZDH association for skilled trade called for cheaper electricity prices, investment in infrastructure, and tax reform to spur an economic turnaround.<o:p></o:p>

&nbsp;The letter emphasised the urgency of implementing these measures to support German industry in the face of the economic headwinds.<o:p></o:p>

Chancellor Scholz's government faces increasing pressure as it navigates the dual challenges of transitioning toward a greener economy and shielding industries from high production costs and global competition. The recent economic downturn has heightened the urgency for reforms. <o:p></o:p>

Despite the bleak outlook, Thomas Gitzel of VP Bank identified a silver lining in easing inflation, offering potential relief. <o:p></o:p>

With the consumer price index expected to return towards the European Central Bank's 2 per cent target by the middle of the year, Gitzel sees an opportunity for European monetary authorities to cut interest rates. <o:p></o:p>

This, he believes, would benefit companies, consumers, and particularly the struggling construction industry.<o:p></o:p>

(With inputs from Reuters)<o:p></o:p>

The German economy, already grappling with persistent inflation, high energy prices, and weak foreign demand, experienced a contraction of 0.3 per cent in the final quarter of 2023, signalling a challenging start to the new year.

The German economy, already grappling with persistent inflation, high energy prices, and weak foreign demand, experienced a contraction of 0.3 per cent in the final quarter of 2023, signalling a challenging start to the new year. This is based on a Reuters report. While the contraction in the fourth quarter avoided technically qualifying as a recession, with GDP stagnating in the previous two quarters, economists are cautioning that a recession may be imminent. The Ifo institute forecasted a 0.2 per cent decline in GDP for the first quarter of 2024, indicating a potentially challenging economic landscape. Reuters cited Commerzbank economist Joerg Kraemer, who noted, "Private consumption, on which the optimists are counting, has disappointed right up to the end," while Alexander Krueger from Hauck Aufhaeuser Lampe highlighted that economic output in Germany hasn't seen growth in the past four years. In response to the economic challenges, the heads of four prominent German lobby groups sent a joint letter to Chancellor Olaf Scholz, urging reforms to boost the country's industry. The letter, dated Tuesday, appealed for measures to address major structural challenges faced by the German economy. The presidents of the BDI industry association, the BDA employers' association, the DIHK Chambers of Commerce, and the ZDH association for skilled trade called for cheaper electricity prices, investment in infrastructure, and tax reform to spur an economic turnaround. The letter emphasised the urgency of implementing these measures to support German industry in the face of the economic headwinds. Chancellor Scholz's government faces increasing pressure as it navigates the dual challenges of transitioning toward a greener economy and shielding industries from high production costs and global competition. The recent economic downturn has heightened the urgency for reforms. Despite the bleak outlook, Thomas Gitzel of VP Bank identified a silver lining in easing inflation, offering potential relief. With the consumer price index expected to return towards the European Central Bank's 2 per cent target by the middle of the year, Gitzel sees an opportunity for European monetary authorities to cut interest rates. This, he believes, would benefit companies, consumers, and particularly the struggling construction industry. (With inputs from Reuters)

German economy nears recession as end-of-year contraction sparks concerns

Gravitas | Germany has presented a govt-to-govt proposal for the sale of submarines to India. Reports say a senior German delegation visited New Delhi recently, where they held high-level talks regarding the same. The race for the deal, which is expected to cost upwards of ₹45,000 crore, is between Germany and Spain.

India To Add Muscle to Its Naval Might | Germany, Spain Eye Submarine Deal With India

Germany is struggling to revive its sluggish economy. It is now opting for an experiment. A six-month program is kicking off in Germany that will allow 4-day work week from February 1.

Why is Germany planning to try a four-day work week from February 1?

After weeks of protests against Germany's far right AfD, the party lost a district election on Saturday. Can the demonstrations over the far-right's stance on immigration be a sign of things to come for September's state election? Watch to know more!

Germany's far-right party loses district polls

NATO should ‘Prepare for Russian missile strikes in Europe’. Alliance may have only three years before a possible offensive with Putin's forces targeting military infrastructure in Germany, senior generals warn. Ukrainian president Volodymyr Zelensky says he fears the Ukrainian conflict will escalate into a third world war if Russian aggression is not contained with support from Kyiv’s western allies. Watch to know more!

NATO alert on potential Russian strikes | German defence ministry mulls NATO war scenarios

Ukraine is running short of weapons. President Zelensky has been making desperate pleas. Even the European allies understand this urgency they have publicly said Kyiv needs the weapons immediately. No help is coming from Washington either. The US funding for security assistance is tied up in Congress.

UK offers cruise-missile swap to Germany to aid Ukraine

Russia-Ukraine war | UK offers cruise-missile swap to Germany to aid Ukraine

Germany marked the International Holocaust Remembrance Day on Saturday (Jan 27) as the country held various commemorative events and wreath-laying ceremonies. 
 
Meanwhile, German Chancellor Olaf Scholz, in his weekly podcast, appealed to the country's citizens to save democracy and fight against antisemitism as the nation marked the 79th anniversary of the Nazi death camp Auschwitz-Birkenau's liberation during World War II. 
 
Since 1996 Berlin has been marking January 27 as a day when the country remembers the horrors of the Holocaust. 
 
In the weekly podcast on Saturday (Jan 27), Scholz said, “Never again is every day. January 27 calls out to us: Stay visible! Stay audible! Against antisemitism, against racism, against hatred — and for our democracy.” 
 
The flags were flown at half-mast over all the federal government buildings as per the orders of Germany's Federal Interior Minister Nancy Faeser.

Also read:&nbsp;<a href="https://www.wionews.com/world/german-train-drivers-ramp-up-pressure-with-longest-strike-yet-683257">German train drivers ramp up pressure with longest strike yet</a>

Citizens on Saturday (Jan 27) placed flowers at the memorials for the victims of the Holocaust and lit candles, as the German chancellor said that they will continue to carry the responsibility for this “crime against humanity.”

<h2 lang="en-US">Scholz warns against 'neo-Nazis', praises pro-democracy protests</h2>

He emphasised that the fight for democracy and against any kind of antisemitism cannot be done only by the government, but requires the support of all Germans. 
 
“Never again" demands the vigilance of everyone. Our democracy is not God-given. It is man-made,” said Scholz. “It is strong when we support it. And it needs us when it is under attack,” he added. 
 
Meanwhile, the German chancellor warned against "neo-Nazis and their dark networks" and praised people for joining pro-democracy protests.

Watch:&nbsp;Russia-Ukraine war | UK offers cruise-missile swap to Germany to aid Ukraine

<div class="videoWrapper trancodeVideo"><iframe allowfullscreen="" autoplay="1" class="includeVideo" frameborder="0" height="350" src="https://www.wionews.com/videos/russia-ukraine-war-uk-offers-cruise-missile-swap-to-germany-to-aid-ukraine-684114/embed" style="width:100%;max-width:560px;" width="560"></iframe></div>

"New reports are emerging all the time: about neo-Nazis and their dark networks. At the same time, right-wing populists are gaining ground, fuelling fear and sowing hatred." But this development is not something we simply have to accept," said Scholz. 
 
"Our country is on its feet right now. Millions of citizens are taking to the streets in favour of democracy, respect and humanity for one another. After all, that's what it's all about. It is the cohesion of democrats that makes our democracy strong. Showing it confidently in public - as is happening now - feels good,” he added.

<h2 lang="en-US">Nazi death camp survivors mark Holocaust</h2>

Meanwhile, a group of 20 Nazi death camp survivors marked the Holocaust Remembrance Day by laying wreaths at the Death Wall in Auschwitz and holding prayers at the monument in Birkenau. 
 
The event will memorialise nearly 1.1 million camp victims, which were mostly Jews. The museum and memorial site of the Auschwitz death camp are located near the city of Oswiecim.

(With inputs from agencies)

Germany marked the International Holocaust Remembrance Day on Saturday (Jan 27) as the country held various commemorative events and wreath-laying ceremonies. Meanwhile, German Chancellor Olaf Scholz, in his weekly podcast, appealed to the country's citizens to save democracy and fight against antisemitism as the nation marked the 79th anniversary of the Nazi death camp Auschwitz-Birkenau's liberation during World War II.

Germany marked the International Holocaust Remembrance Day on Saturday (Jan 27) as the country held various commemorative events and wreath-laying ceremonies. Meanwhile, German Chancellor Olaf Scholz, in his weekly podcast, appealed to the country's citizens to save democracy and fight against antisemitism as the nation marked the 79th anniversary of the Nazi death camp Auschwitz-Birkenau's liberation during World War II. Since 1996 Berlin has been marking January 27 as a day when the country remembers the horrors of the Holocaust. In the weekly podcast on Saturday (Jan 27), Scholz said, “Never again is every day. January 27 calls out to us: Stay visible! Stay audible! Against antisemitism, against racism, against hatred — and for our democracy.” The flags were flown at half-mast over all the federal government buildings as per the orders of Germany's Federal Interior Minister Nancy Faeser. Also read: German train drivers ramp up pressure with longest strike yet Citizens on Saturday (Jan 27) placed flowers at the memorials for the victims of the Holocaust and lit candles, as the German chancellor said that they will continue to carry the responsibility for this “crime against humanity.” Scholz warns against 'neo-Nazis', praises pro-democracy protests He emphasised that the fight for democracy and against any kind of antisemitism cannot be done only by the government, but requires the support of all Germans. “Never again" demands the vigilance of everyone. Our democracy is not God-given. It is man-made,” said Scholz. “It is strong when we support it. And it needs us when it is under attack,” he added. Meanwhile, the German chancellor warned against "neo-Nazis and their dark networks" and praised people for joining pro-democracy protests. Watch: Russia-Ukraine war | UK offers cruise-missile swap to Germany to aid Ukraine "New reports are emerging all the time: about neo-Nazis and their dark networks. At the same time, right-wing populists are gaining ground, fuelling fear and sowing hatred." But this development is not something we simply have to accept," said Scholz. "Our country is on its feet right now. Millions of citizens are taking to the streets in favour of democracy, respect and humanity for one another. After all, that's what it's all about. It is the cohesion of democrats that makes our democracy strong. Showing it confidently in public - as is happening now - feels good,” he added. Nazi death camp survivors mark Holocaust Meanwhile, a group of 20 Nazi death camp survivors marked the Holocaust Remembrance Day by laying wreaths at the Death Wall in Auschwitz and holding prayers at the monument in Birkenau. The event will memorialise nearly 1.1 million camp victims, which were mostly Jews. The museum and memorial site of the Auschwitz death camp are located near the city of Oswiecim. (With inputs from agencies)

Holocaust Remembrance Day: Germany recalls ‘Nazi horror’, Olaf Scholz says ‘never again’

Germany can cut off state funding to the successor party to the far-right NPD even though it is not banned, the Constitutional Court said on Tuesday in a landmark ruling which adds fuel to a debate about whether the nationalist AfD party may be penalised.

German court cuts funding to hardline far-right party

Train drivers walked off the job on Wednesday in Germany's longest rail strike yet, stranding commuters and piling pain on the country's&nbsp;economy, with both sides far from agreement.

Across Europe, transport workers have staged strikes to demand higher wages to cope with the impact of inflation.

Germany's six-day strike, the fourth and longest round of industrial action in a months-long dispute over pay and working hours, began at 2 am (0100 GMT) on Wednesday and is set to last until Monday evening.

Two weeks after a&nbsp;previous strike&nbsp;halted national rail traffic for three days, the new action prompted calls for a resumption of talks between the GDL union and state-owned rail company Deutsche Bahn to try to limit the damage to Europe's largest economy.

"We believe you have to come to the table, you have to find compromises. That is the only way," a Deutsche Bahn spokesperson told reporters, pointing to the strike's "massive impact on the economy". The spokesperson also referred to "massive restrictions" on the rail network.

Drivers of freight trains are holding a simultaneous strike that began on Tuesday evening and also ends on Monday.

Industry figures and economists, who have warned of the impact on production and supply chains, said the latest strike action could cost a billion euros ($1.09 billion).

Transport Minister Volker Wissing said the strike would cost over half a billion euros if it continued through to Monday as planned.

Chancellor Olaf Scholz has defended the right to strike from calls from the conservative opposition to make it more difficult for workers in critical infrastructure to do so.

Deutsche Bahn and GDL have traded blame, as politicians push for the two sides to end their dispute.

"We have to strike longer and harder because the railway management is resistant to advice," GDL leader Claus Weselsky told broadcaster ARD.

One of the GDL's main demands is a reduction in working hours to a 35-hour week, from a current 38 hours, while retaining full pay.

Deutsche Bahn has rejected this as too costly and said it would need to employ 10% more workers to fill the gap, when industry analysts are warning of skilled labour shortages.

&nbsp;

Train drivers walked off the job on Wednesday in Germany's longest rail strike yet, stranding commuters and piling pain on the country's economy, with both sides far from agreement.

Train drivers walked off the job on Wednesday in Germany's longest rail strike yet, stranding commuters and piling pain on the country's economy, with both sides far from agreement. Across Europe, transport workers have staged strikes to demand higher wages to cope with the impact of inflation. Germany's six-day strike, the fourth and longest round of industrial action in a months-long dispute over pay and working hours, began at 2 am (0100 GMT) on Wednesday and is set to last until Monday evening. Two weeks after a previous strike halted national rail traffic for three days, the new action prompted calls for a resumption of talks between the GDL union and state-owned rail company Deutsche Bahn to try to limit the damage to Europe's largest economy. "We believe you have to come to the table, you have to find compromises. That is the only way," a Deutsche Bahn spokesperson told reporters, pointing to the strike's "massive impact on the economy". The spokesperson also referred to "massive restrictions" on the rail network. Drivers of freight trains are holding a simultaneous strike that began on Tuesday evening and also ends on Monday. Industry figures and economists, who have warned of the impact on production and supply chains, said the latest strike action could cost a billion euros ($1.09 billion). Transport Minister Volker Wissing said the strike would cost over half a billion euros if it continued through to Monday as planned. Chancellor Olaf Scholz has defended the right to strike from calls from the conservative opposition to make it more difficult for workers in critical infrastructure to do so. Deutsche Bahn and GDL have traded blame, as politicians push for the two sides to end their dispute. "We have to strike longer and harder because the railway management is resistant to advice," GDL leader Claus Weselsky told broadcaster ARD. One of the GDL's main demands is a reduction in working hours to a 35-hour week, from a current 38 hours, while retaining full pay. Deutsche Bahn has rejected this as too costly and said it would need to employ 10% more workers to fill the gap, when industry analysts are warning of skilled labour shortages.

German train drivers ramp up pressure with longest strike yet

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