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Jul 5, 2013

German industry orders slump as domestic demand disappoints

BERLIN, July 5 (Reuters) – A slide in demand for capital
goods at home drove an unexpected 1.3 percent drop in German
industry orders in May, underscoring fragility in Europe’s
largest economy and disappointing hopes it might support
regional growth.

The second monthly drop in seasonally and price-adjusted
order intake compared with a consensus forecast in a Reuters
poll of 37 economists for a 1.2 percent rise. It was a steeper
fall than even the lowest forecast for a 0.7 percent slide.

Jun 27, 2013

German jobless falls underscoring strong domestic economy

BERLIN, June 27 (Reuters) – German joblessness unexpectedly
dropped in June and the unemployment rate remained close to its
lowest level since reunification more than two decades ago,
underscoring the strength of the domestic economy.

While European peers struggle with spiralling unemployment,
Germany’s labour market is robust, propping up consumer morale
which rose to its highest level in almost six years heading into
July.

Jun 26, 2013

For many German Turks, Merkel’s tough Turkey stance makes sense

BERLIN (Reuters) – For Recep Demir, a businessman from Germany’s large Turkish diaspora, Chancellor Angela Merkel’s opposition to Turkey joining the European Union makes perfect sense.

The chancellor, seeking a third term in power in elections in September, is ostensibly appealing to conservative supporters by postponing talks on Turkey’s accession to the 27-member bloc.

Jun 22, 2013

Tension ‘undeniable’ as German and Turkish ministers meet

BERLIN (Reuters) – Germany’s foreign minister said tensions with Ankara were undeniable after he met his Turkish counterpart on Saturday amid a row over Berlin’s criticism of a crackdown on protesters in Turkey and its reluctance to see Turkey join the EU.

Germany and Turkey on Friday summoned each other’s ambassadors for tit-for-tat reproaches after Merkel said she was “appalled” by Ankara’s response to the protests, and a Turkish cabinet minister accused her of blocking Turkey’s accession to the EU because she was “looking for domestic political material for her elections”.

Jun 19, 2013

Michelle Obama lays roses at bloodiest site along Berlin Wall

BERLIN (Reuters) – Michelle Obama and her daughters threaded roses through the narrow slots of a Berlin Wall memorial on Wednesday, honoring those who died trying to cross the Cold War barrier at a site which holds special poignancy in the once divided city.

Accompanied by Angela Merkel’s husband Joachim Sauer, who like the German leader hails from the former East Germany, President Barack Obama’s family toured the Bernauer Strasse memorial where desperate residents of East Berlin once tried to jump from their windows into the western half of the city.

Jun 7, 2013

Bundesbank dampens optimism over German economy

BERLIN (Reuters) – German industrial output and trade activity rose sharply in April but the Bundesbank cut its growth forecast for this year, saying Europe’s largest economy would slow down again after a second-quarter surge.

The jump in activity offered some encouragement to other euro zone states, which are counting on increased German demand to help them export their way out of the region’s crisis.

Jun 6, 2013

German industry orders slump as economy struggles to pick up

BERLIN (Reuters) – A slump in demand for capital goods at home and abroad drove a steeper-than-expected 2.3 percent drop in German industrial orders in April, underscoring how Europe’s largest economy is struggling to pick up after a weak performance over winter.

The drop in seasonally and price-adjusted order intake was the strongest since November, according to data from the Economy Ministry, comparing with a consensus forecast in a Reuters poll of 38 economists for a 1 percent fall.

Jun 5, 2013

Merkel’s coalition rejects proposal for dual citizenship

BERLIN (Reuters) – The German government blocked legislation on Wednesday that could have granted dual citizenship to hundreds of thousands of immigrants even though it is trying to recruit skilled foreigners to alleviate a labor shortage.

The left-wing opposition accused Chancellor Angela Merkel’s coalition of holding an antiquated world view and anti-Turkish sentiment verging on racism, setting up immigration as a campaign issue before a federal election in September.

May 24, 2013

Artist Kapoor draws on Berlin’s dark history in new show

BERLIN, May 24 (Reuters) – Blood-red bricks of wax are
shifted by conveyor belts up metal chutes towards the centre of
an atrium before thudding down and splattering like entrails, in
a monumental new installation created by artist Anish Kapoor for
his new show in Berlin.

A giant, dark sun-like red disk hovers above the
ever-growing heaps of wax splodges in “Symphony for a Beloved
Sun”, which opens Kapoor’s first major exhibit in Berlin,
running until Nov. 24 in the Martin Gropius Bau exhibition hall.

May 24, 2013

Analysis: German economy to pick up but fall short of traditional pace

BERLIN (Reuters) – Germany’s economy will recover from a bout of winter weakness but fall well short of the dynamic growth rates of previous years as euro zone recession and global slowdown stunt exports and investment.

There are homegrown problems too. What hue of government will result from September elections is injecting uncertainty and foreign investors cite worries about over-regulation and Germany’s future energy mix after Chancellor Angela Merkel turned her back on nuclear power.

    • About Sarah

      "Sarah covers economic and political news from Argentina as part of the Reuters Latin America reporting team. The focus this year is on a shift in policy ahead of key elections in late 2015 and signs of a slowdown in an economy marked by one of the world’s highest inflation rates. Sarah moved to Buenos Aires in 2014 from Berlin, where she reported on Europe’s largest economy for five years during the euro zone debt crisis. She joined Reuters as a graduate trainee in the London HQ in 2007 and has also done assignments in Frankfurt and Vienna. ..."
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