China Disrupts Europe’s Auto Supply Chain
BERLIN — The pressure on Germany’s once-dominant automotive supply sector is intensifying, as a wave of inexpensive Chinese components upends long-established industrial hierarchies and deepens the crisis confronting Europe’s largest manufacturing economy. For years, German suppliers — names like Bosch, … Continue reading China Disrupts Europe’s Auto Supply Chain
German Travel Industry Chief Urges Policy Rethink
BERLIN — The head of Germany’s travel industry association has called for a major policy shift to ease regulatory pressure and restore political stability as the sector grapples with economic headwinds and mounting costs. Speaking before some 500 delegates at … Continue reading German Travel Industry Chief Urges Policy Rethink
Germany Opens Antitrust Investigation into Temu:
BERLIN  — Germany’s Federal Cartel Office (Bundeskartellamt) has launched an official antitrust investigation into Temu, one of the world’s fastest-growing online shopping platforms. The regulator suspects the Chinese-owned marketplace of imposing unlawful pricing restrictions on merchants selling to German consumers … Continue reading Germany Opens Antitrust Investigation into Temu:
Germany Announces 2 Billion Euro Startup “Booster”
Berlin – The German government is preparing a massive cash injection to help innovative young companies ride out economic difficulties. The government is supplementing its existing uncapped aid for businesses to survive the ongoing coronavirus crisis with two billion euros … Continue reading Germany Announces 2 Billion Euro Startup “Booster”
Germany: Chinese growth engine stalls
Berlin – For three decades, China’s burgeoning demand for German cars, machines and engineering tools has been a steady engine of growth for Europe’s largest economy, gratefully championed by successive governments in Berlin.But the engine is starting to splutter. China’s … Continue reading Germany: Chinese growth engine stalls