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Jul 29, 2024 | 
thestar.com.my | M Oritz Rommerskirchen |Che Yunlong
BERLIN, July 29 (Xinhua) -- Germany's photovoltaic (PV) share in electricity generation reached a record high of 12 percent last year, as more companies and private households turn to solar energy, the Federal Statistical Office (Destatis) reported Monday. In April, approximately 3.4 million PV systems were installed in Germany, marking a 30 percent increase within a year. These figures excluded smaller units for private use.
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Jul 16, 2024 | 
thestar.com.my | M Oritz Rommerskirchen |Li Hanlin
BERLIN, July 16 (Xinhua) -- Venture capital investments in German start-ups grew by 12 percent year-on-year to approximately 3.4 billion euros (3.7 billion U.S. dollars) in the first half (H1) of 2024, according to a study published by consulting firm Ernst and Young (EY) on Tuesday. The study described these figures as a "sign of a trend reversal" following significant declines in start-up investments in the first halves of 2022 and 2023.
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Jul 12, 2024 | 
thestar.com.my | M Oritz Rommerskirchen |Che Yunlong
BERLIN, July 12 (Xinhua) -- Selling prices in Germany's wholesale trade in June fell by 0.6 percent year-on-year, marking the 14th decline in a row, the country's Federal Statistical Office (Destatis) said Friday. Europe's largest economy saw its wholesale prices continue to drop since last year as prices were normalizing after high inflation and the energy crisis, although the decline diminished gradually in recent months.
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Jul 11, 2024 | 
thestar.com.my | M Oritz Rommerskirchen |Li Hanlin
BERLIN, July 11 (Xinhua) -- Germany's inflation rate eased to 2.2 percent in June, following a brief uptick in May, the Federal Statistical Office (Destatis) said on Thursday. The decline was mainly driven by a 2.1 percent year-on-year drop in energy prices, while food prices saw a modest increase of 1.1 percent, according to official figures.
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Jul 11, 2024 | 
thestar.com.my | M Oritz Rommerskirchen |Chu Yi
BERLIN, July 11 (Xinhua) -- German hospitals are facing increasing financial pressure after 70 percent of them finished 2023 with a deficit, according to a management survey published by consultancy Roland Berger on Thursday. More than half of the 650 hospital managers surveyed saw the liquidity of their institutions currently at risk. More than one in four, 28 percent, of hospitals were classified as being at risk of insolvency until the end of 2024, according to the survey.
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Jul 9, 2024 | 
thestar.com.my | M Oritz Rommerskirchen |Chu Yi
BERLIN, July 9 (Xinhua) -- The majority of Germans supports the reintroduction of a wealth tax, which has been the subject of debate since it was abolished in 1997, according to a Forsa survey published by Stern magazine on Tuesday. Two out of three citizens, or 62 percent, favors private individuals and companies having to pay such a tax on assets of one million euros (1.08 million U.S. dollars) or more, the survey published on Tuesday found.
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Jul 5, 2024 | 
thestar.com.my | M Oritz Rommerskirchen |Che Yunlong
BERLIN, July 5 (Xinhua) -- Germany's industrial production decreased by 2.5 percent in May compared to the previous month, as reported by the country's Federal Statistical Office (Destatis) on Friday. It marked the steepest decline in over a year. According to Destatis, most sectors of Europe's largest economy showed downward trends in industrial production.
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Jul 4, 2024 | 
thestar.com.my | M Oritz Rommerskirchen |Li Hanlin
BERLIN, July 4 (Xinhua) -- The German automotive industry on Thursday opposed the European Union's (EU) punitive tariffs on electric cars from China, set to take effect on Friday. Additional tariffs of up to 37.6 percent will be introduced provisionally while talks with China continue. A final decision on the tariffs will be made by early November. Until then, importers must deposit guarantees equivalent to the potential duties.
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Jul 4, 2024 | 
thestar.com.my | M Oritz Rommerskirchen |Li Hanlin
BERLIN, July 4 (Xinhua) -- Production of electric cars in Germany is set to be lower than previously forecast this year, due to the "currently weaker than expected development in demand for electric cars," said the country's Association of the Automotive Industry (VDA) this week. Around 1.33 million electric cars are expected to be manufactured in Germany in 2024, only 5 percent more than in the previous year, the VDA said on Wednesday.
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Jul 2, 2024 | 
thestar.com.my | M Oritz Rommerskirchen |Li Hanlin
BERLIN, July 2 (Xinhua) -- The stock market value of the world's 100 largest publicly traded companies rose by 17 percent in the first six months (H1) of 2024, reaching a record high of 42.3 trillion U.S. dollars, according to a study published by consulting firm Ernst and Young (EY) on Tuesday. The study highlighted a "record chase" on stock markets, driven primarily by companies in the technology sector benefiting from the boom of artificial intelligence (AI).
