Germany

European Central Bank makes largest-ever interest rate hike

FRANKFURT, Germany (AP) — The European Central Bank made its largest-ever interest rate increase Thursday, following the U.S. Federal Reserve and other central banks in a global stampede of rapid rate hikes meant to snuff out the inflation that is squeezing consumers and pushing Europe toward recession.

German court rules sacking of Palestinian journalist using IHRA was unlawful

06 Sep 2022; MEMO: Palestinian journalist, Farah Maraqa, has won an unfair dismissal case against Deutsche Welle (DW) seven months after being suspended by the German media network over allegation of anti-Semitism. A German court ruled today that her dismissal on charges of anti-Semitism was "legally unjustified" after the initial hearing on 20 July 2022.

Israeli president gives broad speech to Germany’s parliament

BERLIN (AP) — Israel’s president addressed Germany’s parliament on Tuesday about atrocities committed during the Third Reich, while at the same time praising the close and friendly relations that have emerged between the two countries since the end of the Holocaust.

Six million European Jews were murdered by Germany’s Nazis and their henchmen during World War II.

“Never in human history was there a campaign like the one the Nazis and their accomplices conducted to annihilate the Jewish people,” Israeli President Isaac Herzog told lawmakers at the Bundestag.

Germany: OPEC+ makes small trim to world oil supplies as prices fall

FRANKFURT, Germany (AP) — OPEC and allied oil-producing countries, including Russia, made a small trim in their supplies to the global economy Monday, underlining their unhappiness as recession fears help drive down crude prices — along with the cost of gasoline, to drivers’ delight.

The decision for October rolls back a mostly symbolic increase of 100,000 barrels per day in September. It follows a statement last month from Saudi Arabia’s energy minister that the OPEC+ coalition could reduce output at any time.

German president apologizes for 1972 Olympic attack failures

BERLIN (AP) — Germany’s president apologized Monday for multiple failures by his country before, during and after the 1972 attack on the Munich OIympics as he joined his Israeli counterpart and relatives of the 11 Israeli athletes killed by Palestinian militants at the games 50 years ago.

Germany to use windfall tax income to reduce energy prices for end consumers

BERLIN, Sept 4 (Reuters) - Germany's government will use income from windfall taxes to lower end-consumer prices for gas, oil and coal, German Chancellor Olaf Scholz said on Sunday, announcing measures to mitigate the impact of rising energy prices on its population.

Scholz said the government plans to tie certain social benefits to the current or expected inflation rate in the future and will earmark 1.5 billion euros ($1.49 billion) for a discounted public transportation offer.

Germany: Pilot strike forces Lufthansa to cancel hundreds of flights

BERLIN, Sept. 1 (Xinhua) -- German flag carrier Lufthansa canceled almost all its flights to and from Frankfurt and Munich for Friday -- around 800 flights in total -- because of a strike by pilots, the company said on Thursday.

The first flights were already canceled on Thursday. An estimated 130,000 passengers will be affected by the cancelations, according to the airline.

Germany says it will expand military presence in Indo-Pacific

BERLIN, Aug 31 (Reuters) - Germany will expand its military presence in the Indo-Pacific by sending more warships and joining drills with allies as it keeps an eye on the "enormous" build-up of China's armed forces, the German defence chief told Reuters.

Germany is joining other Western nations in showing more muscle in the region amid growing alarm over Beijing's territorial ambitions.

Scholz declares intention to create new air defense system in Europe

BERLIN, August 29. /TASS/: Germany’s Chancellor Olaf Scholz has declared the intention to pool efforts with European neighbors to create a new common air defense system in the EU. He was speaking at the Charles University in Prague on Monday. His statement was streamed on the German government’s website.

"A system created by joint efforts would be a security benefit for the whole of Europe," Scholz said, adding that it would be less costly and more efficient than any solutions at the national level.

Germany proposes creating new joint air defense system in Europe

29 August 2022; AA: Germany on Monday proposed creating a new joint air defense system in Europe against growing threats from adversaries.

Chancellor Olaf Scholz said Germany has decided to boost its air defense capabilities, and wants to work with its EU partners to develop a broader system.

“In Europe, we have a serious backlog in terms of air defense, against threats from air and space,” he said, in a keynote speech at the Charles University in Prague.

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