The company cited weak demand in the steel industry and intensified competition as the primary reasons for the move. On Monday, Germany’s largest steelmaker, ThyssenKrupp Steel, announced plans to cut 5,000 jobs by 2030 and an additional 6,000 through transfers to external service providers or the sale of business activities. RELATED: Germany, France and the […]

Trump’s election as president should serve as a wake-up call for Europe to prioritise its own interests, Italian minister Urso said. On Friday, the economy ministers of France, Germany, and Italy called for joint action by the European Union to bolster competitiveness against the United States and China. RELATED: Moldova: Citizens Approve Their Country’s Entry […]

The package would maintain government funding at current levels through December 20. On Wednesday evening, U.S. Congress overwhelmingly passed a short-term funding bill to avert a looming government shutdown. The Senate voted 78-18 to clear the measure, following the House’s approval with a 341-82 vote. All opposition in both chambers came from Republicans. RELATED: U.S. […]

On Wednesday, the Federal Institute for Population Research (BiB) published a study showing that Germany’s birth rate has fallen significantly over the past two years, dropping to its lowest level since 2009. RELATED:  German Housing Crisis Shows No Sign of Easing: Destatis The country’s birth rate dropped from 1.57 children per woman in 2021 to […]