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Bitcoin reaches record high of over 125,000 US dollars
Bitcoin has reached a record high of over 125,000 US dollars, driven by political crises and increasing interest from institutional investors. Experts attribute the all-time high to various factors, including expectations of lower interest rates in the USA.
Inflation reaches 2.4 percent
The inflation rate in Germany rises to 2.4 percent, the highest level of the year. Service prices increased significantly, while energy prices decreased.
Lufthansa pilots vote for strike
Lufthansa pilots have voted in a referendum for a strike to demand higher employer contributions to their pension scheme. Lufthansa rejects the demands and is facing a financial crisis.
Unemployment number falls below three million
The number of unemployed in Germany has slightly decreased in September but remains higher compared to the previous year. The Federal Employment Agency warns of potential increases in winter.
Lufthansa plans to cut 4,000 jobs by 2030
Lufthansa plans to cut 4,000 jobs by 2030, mainly in administration. The company aims to increase its financial goals and consolidate its various airlines.
Lufthansa plans job cuts by 2030
Lufthansa plans to cut 4,000 jobs in administration by 2030 through digitalization and automation.
VW Reduces Production in Electric Car Plants
Volkswagen pauses production in several electric car plants due to weak demand. In contrast, there are extra shifts in Wolfsburg due to high demand for combustion engines.
EU protects pharmaceutical exports from new US tariffs
The EU Commission sees European pharmaceutical exports protected from new US tariffs by an agreement. However, Trump's announcement of 100% tariffs raises concerns in the German pharmaceutical industry.
Trump announces 100 percent tariff on pharmaceuticals
US President Donald Trump has announced a 100 percent tariff on pharmaceutical imports, with exceptions for companies that produce in the USA. This could have significant implications for the German pharmaceutical industry.
Döner remains unchanged in the EU
The application by the International Doner Federation for EU-wide rules for Döner Kebab has been withdrawn, meaning that Döner will remain diverse. This is seen as good news for the German food industry.
Bosch plans to cut 13,000 jobs
Bosch plans to cut about 13,000 jobs in Germany, particularly in the Mobility sector, to save costs. The trade union IG Metall criticizes these measures as a social disaster.
Economy on Shaky Legs
Leading economic research institutes predict weak growth for the German economy in 2025 and call for comprehensive structural reforms. Long-term growth prospects are threatened by structural issues.
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