What the Natural Gas Shortage Means for Germany: A Winter of Privation?
#International #Business #NaturalGas #RenewableEnergy #NuclearPower #RussiasWarAgainstUkraine #VladimirPutin #Russia #LNG #NordStream #GasPipelines #Gazprom #LiquefiedNaturalGas

Gazprom is no longer delivering natural gas to Germany through the Nord Stream 1 pipeline․ What does that mean for the coming winter? We have answers to the most pressing questions․

European Commissioner Gentiloni: "The Coming Winter Could Be One of the Worst in History"
#International #Business #EuropeanUnion #RussiasWarAgainstUkraine #Ukraine #NaturalGas #NordStream #VladimirPutin #Russia

European Economy Commissioner Paolo Gentiloni is warning of an economic downturn in the coming months․ In some countries, energy rationing may become necessary and new aid packages may ultimately be unavoidable․

Energy Crisis Fallout: How Bad Will the German Recession Be?
#International #Business #GermanEconomy #Globalization #RussiasWarAgainstUkraine #Russia #VladimirPutin

The first German companies have begun throwing in the towel and consumption is collapsing in response to the fallout from exploding energy prices․ The economy is sliding almost uncontrolled into a crisis that could permanently weaken the country․

Growing Energy Crisis: A Grave Threat to Industry in Germany
#International #Business #RussiasWarAgainstUkraine #NaturalGas #NuclearPower #RenewableEnergy #EuropeanUnion #GermanEconomy

The German economy has long been rooted in the country's industrial prowess․ But with energy prices skyrocketing, many companies face a murky future․ Some have begun considering relocation, highlighting a possible long-term threat to the country's business model․

Star Economist Roubini on the Global Crises: "World War III Has Already Effectively Begun"
#International #Business #RussiasWarAgainstUkraine #Russia #Ukraine #Globalization

Global warming, war and inflation: The world seems to be in a perpetual state of crisis at the moment․ In an interview, crash prophet Nouriel Roubini identifies 10 "megathreats" we are facing and how he is dealing with them․

Business As Usual: German Companies Ignore Major Risks in China
#International #Business #ChineseEconomy #China #HumanRightsinChina #GermanExports #GermanForeignPolicy

Critics like Economy Minister Robert Habeck are warning Germany's industrial giants from becoming too dependent on Beijing․ But it seems many haven't the learned the lesson from Russia of the perils of doing business with autocratic countries․

DER SPIEGEL Survey: Musk Destroys Tesla Image in Germany
#International #Business #AutomotiveIndustry #ElectricCars

Germans have a disastrous view of Tesla, with company founder Elon Musk's behavior hardly helping․ Whether from a likeability or quality perspective, the Tesla brand is far behind its German competitors․

Gita Gopinath: "The Fight against Inflation May Take Somewhat Longer"
#International #Business #GermanEconomy #EuropeanUnion #EuropeanCentralBank

Whether it is Europe's inflation struggle, China's real estate crisis or global protectionism, Gita Gopinath is skeptical about the immediate future․ In an interview, though, the deputy head of the IMF also sees small glimmers of hope․

Support for Russia's War Economy?: A German Auto Parts Supplier Raises Eyebrows
#International #Business #RussiasWarAgainstUkraine #Ukraine #VladimirPutin #Russia #AutomotiveIndustry

German auto parts supplier Schaeffler is selling its factory in Russia․ But a letter to the Russian president and a questionable loan are raising questions about the role of a Russian oligarch in the deal – and whether the plant could supply parts to Putin's war machine in the future․

"Mafia Methods": Viktor Orbán Ups the Pressure on German Companies to Leave Hungary
#International #Business #Hungary #EuropeanUnion #GermanEconomy

German companies have long been active in Hungary․ But now, Viktor Orbán is trying to force some of them to leave․ And when they do, his closest allies stand to profit․

Germany's Flat-Rate Train Ticket
#International #Business #Transportation #DeutscheBahn #GermanPolitics #Travel

The history of the Deutschland Ticket shows how complicated progress is in a country where pettiness is often the order of the day․ And how, sometimes, politicians in Germany can find solutions that they weren't even looking for․

A Chicken and Egg Problem: How Germany's Hydrogen Boom Stalled
#International #Business #Energy #NaturalGas #NaturalResources #GermanEnergyRevolution #FossilFuels #EuropeanUnion

Green hydrogen has the potential to heat millions of homes and keep German industry humming․ So far, though, a lack of the environmentally friendly gas and the infrastructure needed to transport it have prevented its wide-scale use․

Whistleblower Desiree Fixler on the DWS and Deutsche Bank Controversy: "I Haven’t Seen Such a Cultural Overhaul"
#International #Business #DeutscheBank #BankingandFinance

Desiree Fixler served as head of sustainability at the DWS․ Her ouster after criticizing the German fund internally for "greenwashing" generated considerable outrage against parent company Deutsche Bank․ In an interview, she talks about the mendacity of the financial industry and an apology she is still waiting to receive․

The Global Competition for Raw Materials: Europe at Risk of Losing the Lithium Race
#International #Business #ClimateChange #Environment #ElectricCars #AutomotiveIndustry #GermanEconomy #Daimler #China

Without lithium, copper and rare earths, our mobile phones, electric cars and wind turbines wouldn't function․ Currently we are almost exclusively dependent on China for these critical raw materials․ But there might be a way out․

Hensoldt's Headache: Documents Hint at Shady Dealings By Prominent German Defense Company
#International #Business #Defense #Qatar #Africa

Hensoldt AG is one of the key players in Chancellor Olaf Scholz's plan to boost German defense spending․ But internal documents from the company suggest it may have been involved in dubious kickbacks in Qatar and Uganda․

Pioneers in Green Aviation: Could Norwegian Electric Planes Be a Model for the Rest of the World?
#International #Business #Norway #Technology #Environment #ClimateChange

The global aviation industry has a massive climate problem, and many are looking to Norway for a possible solution․ The country wants all short-haul flights to be conducted with electric planes as early as 2040․ But doubts persist about whether the technology will be ready․

Wirtschaftsblunder: Why Germany's Economy Is Flailing – And What Could Help
#International #Business #GermanEconomy #Globalization

It seems like only yesterday that Germany was the economic engine of Europe․ Now, it's bringing up the rear among Western industrialized nations․ The country's prosperity is threatened and the government seems to be at a loss․

The Specter of Stagflation: Woes Grow for ECB in Battle Against Inflation
#International #Business #EuropeanCentralBank #EuropeanUnion

The European Central Bank is increasingly desperate in its fight against inflation․ Will further interest rate hikes strangle the economy for good? Some are now looking to unconventional measures to turn things around․

Birkenstock CEO Oliver Reichert: The Man Behind the Luxury Sandals
#International #Business

Thanks to "Barbie" and a coronavirus pandemic that kept people working at home, Birkenstock sandals are more popular than ever․ Now, company CEO Oliver Reichert is preparing to take the company public in October․

August Hanning: Legal and Critical Scrutiny for Ex German Intelligence Chief's Advisory Gigs
#International #Business #Latvia #BND

August Hanning, the former president of Germany's foreign intelligence agency, the BND, finds himself in the spotlight once again․ Reporting by DER SPIEGEL has unveiled a series of questionable advisory engagements he has undertaken since leaving public office․