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France and Germany proposed a new legal tool to enable the EU to respond rapidly to trade wars or measures, such as dumping, that could economically harm the bloc. While French President Emmanuel Macron and German Chancellor Friedrich Merz said the proposal was not a direct response to the actions of any particular country, it came days before EU Chief Ursula von der Leyen visits China to tackle trade fictions.
Germany's famous celebration of autumn and beer, Oktoberfest, wrapped up this weekend withthis year saw record attendence with 7.4 million visitors descending on the festival. The majority of attendees came from within Germany, with Americans, Italians and Austrians topping the numbers for foreign visitors
In the strongest sign yet of a shifting European Union policy on China, the leaders of France and Germany have demanded a new trade weapon that would cut off access to the EU market when third countries cause severe distortions. The tool would effectively act as a kill switch, allowing Brussels to respond rapidly to systemic distortions, potentially immediately. It would grant dramatic new powers to the European Commission, the EU’s executive branch, which manages trade policy for the 27-member...
Russia struck a bridge in Kyiv on Sunday soon after Germany’s chancellor arrived in Ukraine’s capital on a surprise visit to demonstrate European support in the face of an upsurge in attacks. Air raid sirens blared across Kyiv, urging residents to shelter soon after Friedrich Merz arrived under tight security, with warnings of approaching Russian attack drones. Kyiv mayor Vitali Klitschko then confirmed that a strike had damaged the road surface on the Northern Bridge – one of several connecting...
Unverified video shows a drone hitting the Northern Bridge as vehicles move across it.
Germany is studying legal changes to avoid a repeat of UniCredit SpA‘s takeover of Commerzbank AG, where the Italian suitor was able to discreetly build large derivatives positions and surprise the bank as well as the government.
Tokyo, Oct. 1 (Jiji Press)--Japan and Germany on Thursday signed a memorandum of cooperation on the evacuation of each other's citizens in the event of a conflict or disaster in a third country. The memorandum was signed by Japanese Foreign Minister Toshimitsu Motegi and German Ambassador to Japan Petra Sigmund at the Foreign Ministry. It calls for the two countries to share information ...
Germany is considering blocking a bid by Chinese container giant Cosco Shipping Holdings Co. from buying a majority stake in a small Hamburg-based freight company over security concerns.
Wang Xixi still remembers her first experience with Germany’s trains 21 years ago. It left her with a question: how could a railway be so empty, clean and punctual, and still make money? The carriages were bright, the toilets almost spotless and the fittings modern. During four years as a student in Bavaria, travelling on a regional rail pass, she barely remembers a delay. At the time, China’s high-speed railway network was just getting started, while Germany was a major exporter of the...
Chinese Commerce Minister Wang Wentao held a video call with German Economy Minister Katherina Reiche on Monday, just over a week before the next round of trade talks between Beijing and Brussels, amid reports that Germany and France are pushing for a new tool that would enable the EU to swiftly shut China out of the European market. Wang and Reiche “exchanged opinions on the Sino-German and Sino-European economic and trade relations”, according to a short statement published by the Chinese side...
Germany’s negative power prices are heading for their first annual decline in four years, as stronger electricity demand and changes to renewable-energy support curb periods of oversupply.