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Ukraine offers Germany support on energy imports

Ukraine has offered to supply Germany with its own surplus electricity as it attempts to ends its dependence on Russian energy imports, reports al-jazeera.com. Prime Minister Denys Shmyhal told the German news agency Dpa that Ukraine currently exports its electricity to Moldova, Romania, Slovakia and Poland but is willing to expand exports to…
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Germany on brink of recession: Destatis

Berlin: Germany’s economy is on the brink of recession as the country’s gross domestic product (GDP) in the third quarter (Q3) of 2023 declined by 0.1 per cent compared to the previous quarter, according to confirmed figures published by the Federal Statistical Office (Destatis). “After the weak economic development seen in the first half…
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Energy crisis pushes nuclear comeback worldwide

As countries become more desperate for energy alternatives, some are heading toward nuclear power. The nuclear power plant Isar 2 pictured in Essenbach, Germany on Mar 3, 2022 (AP) Nuclear power is becoming more popular as countries look for alternatives with the cost of importing energy growing globally and climate crises causing…
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Are family businesses more resilient?

A recently published study from Deutsche Bank’s International Private Bank (IPB) found that many German family-owned businesses fare better in complex crises like the Covid pandemic. Why is that and what can other companies learn from them? The analysis, conducted by the IPB’s Head of Investment Banking…
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