Germany to send IRIS-T air defence system to Ukraine

Germany will supply Ukraine with the IRIS-T air defence system, Chancellor Olaf Scholz said, following pleas from Kyiv and German opposition parties to step up heavy weapons deliveries. Scholz said Germany had been “delivering continuously since the beginning of the war”, pointing to more than 15 million rounds of ammunition, 100,000 grenades and over 5,000 … Read more

Germany to recognise Covaxin for travel from June 1

German Ambassador to India and Bhutan, Walter J Lindner on Thursday said the government of the European nation will start recognizing Bharat Biotech’s COVID-19 vaccine for travel purpose there from June 1. In a tweet, Lindner said, “Very happy that GER government just decided to recognize WHO-listed Covaxin for travels to GER, starting June 1! … Read more

Intel Announces New Chip-Making Complex in Germany

Intel has picked Germany as the site for a huge new chipmaking complex, giving the first details of a $88 billion (roughly Rs. 6,70,187 crore) investment drive across Europe, which is striving to cut its reliance on imports and ease a supply crunch for manufacturers. The plan is the latest big investment announcement by a … Read more

Coronavirus live: Japan and Poland report record cases; Germany seven-day rate at new high

The UK Health Security Agency said it was designating the Omicron offshoot a ‘variant under investigation’ because of “increasing numbers of BA.2 sequences identified both domestically and internationally”. Early analysis suggests the BA.2 sub-variant may have an “increased growth rate” over the earlier form of Omicron, officially designated as BA.1, according to UKHSA, which stressed … Read more

Covid live: France lifts UK travel ban; teachers in France going on strike over rules for schools

10.43am GMT 10:43 “We had reached such a level of exasperation, tiredness, and anger that we didn’t have any other option but to organise a strike to send a strong message to the government,” said Elisabeth Allain-Moreno, national secretary of the SE-UNSA teachers union in France, where teachers are on strike today. Unions have said … Read more

European markets set to drop sharply at the open following U.S. sell-off

LONDON — European stocks are expected to open sharply lower on Thursday following losses stateside Wednesday that saw the Dow Jones Industrial Average notching its first decline of 2022. The U.K.’s FTSE index is seen opening 114 points lower at 7,391, Germany’s DAX down 285 points at 15,986, France’s CAC 40 down 141 points at 7,235 and … Read more

Nord Stream 2 could be major leverage against Russia — but using it is complicated

A worker adjusts a pipeline valve at the Gazprom PJSC Slavyanskaya compressor station, the starting point of the Nord Stream 2 gas pipeline, in Ust-Luga, Russia, on Thursday, Jan. 28, 2021. Bloomberg | Bloomberg | Getty Images Russia will lose tens of billions of dollars if a pipeline project to transport gas to Germany is … Read more

Political change is coming to the EU’s big three economies. Here’s why it matters

French President Emmanuel Macron and Italy’s Prime Minister Mario Draghi. Alessandra Benedetti – Corbis | Corbis News | Getty Images The balance of power is changing in the European Union’s three largest economies which could have significant implications for financial markets. Germany has just turned the page on Angela Merkel’s 16 years of leadership, France … Read more

Tesla’s German Gigafactory faces local hurdles as it nears completion

SpaceX founder and Tesla CEO Elon Musk looks on as he visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Electric carmaker Tesla is clearing the final hurdles to get its massive German “Gigafactory” up and running in the new year. The Berlin-Brandenburg plant has … Read more

Omicron: Germany announces 4th booster dose, Britain may follow

Hot on the heels of Israel, Germany has announced the roll out of a fourth Covid booster to tackle the new vaccine evading Omicron variant of coronavirus. Britain is also mulling for the fourth dose, as cases mount. German Health Minister Karl Lauterbach on Wednesday warned that a fourth dose will be necessary to tackle … Read more