DACH Countries – Page 2

Germany Gets Honest About What Net Zero Will Cost

3Dec

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Health

Germany Gets Honest About What Net Zero Will Cost

If you had “net zero causing Germany’s government to collapse” on your 2023 bingo card, congratulations—you may end up a winner. Chancellor Olaf Scholz’s administration is falling apart because it turns out someone will have to pay for decarbonizing the eurozone’s largest economy.This shocking and horrifying revelation is brought to you by Germany’s highest constitutional court, which ruled in mid-November that Berlin’s favorite budget gimmick violates the balanced-budget amendment. The amendment, known as the debt brake, limits the federal general-budget deficit to 0.35% of gross domestic product in any year unless Parliament declares an emergency.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Israel Plans to Kill Hamas Leaders Around the World After War

1Dec

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World

Israel Plans to Kill Hamas Leaders Around the World After War

Updated Dec. 1, 2023 12:06 am ETListen to article(2 minutes)TEL AVIV—Israel’s intelligence services are preparing to kill Hamas leaders around the world when the nation’s war in the Gaza Strip winds down, setting the stage for a yearslong campaign to hunt down militants responsible for the Oct. 7 massacres, Israeli officials said.With orders from Prime Minister Benjamin Netanyahu, Israel’s top spy agencies are working on plans to hunt down Hamas leaders living in Lebanon, Turkey and Qatar, the small Gulf nation that has allowed the group to run a political office in Doha for a decade, the officials said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Europe Is Short of Ammunition at a Bad Time

28Nov

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Business

Europe Is Short of Ammunition at a Bad Time

The European Union vowed it would provide Ukraine with one million artillery rounds by March of next year. But deliveries are lagging, and German Defense Minister Boris Pistorius said this month that “we have to assume” this target “will not be achieved.” The lesson is that once defense production capacity atrophies, it’s not easy to restore.Ukraine fires some 6,000 to 8,000 shells a day. Its soldiers need large quantities of the 155mm artillery shells that are a NATO standard and can be used in howitzers from the U.S., France, Poland, Germany and Slovakia. Yet foreign-policy chief Josep Borrell said on Nov. 14 that the EU had reached only “30% of the overall objective” for ammo deliveries. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8...

27Nov

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Health

How to Avoid Defeat in Ukraine

For starters, step up military aid and break Putin’s global networks of influence.

Behind Credit Suisse’s Fall: A Chairman’s Lasting Mark on the Culture

25Nov

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Money

Behind Credit Suisse’s Fall: A Chairman’s Lasting Mark on the Culture

Updated Nov. 25, 2023 12:01 am ETWhen Credit Suisse’s board met to approve the bank’s forced sale to UBS in March, paintings of every bank chairman since 1856 lined the boardroom.A lawyer from Zurich, Urs Rohner, was the last to get a portrait. Chairman between 2011 and 2021, he wasn’t there in person that day. But his tenure loomed over the proceedings. He had helped turn one of Switzerland’s most solid institutions into a tinderbox.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

25Nov

By adminNo Comments

World

Behind Credit Suisse’s Fall: A Chairman’s Lasting Mark on the Culture

Updated Nov. 25, 2023 12:01 am ETWhen Credit Suisse’s board met to approve the bank’s forced sale to UBS in March, paintings of every bank chairman since 1856 lined the boardroom.A lawyer from Zurich, Urs Rohner, was the last to get a portrait. Chairman between 2011 and 2021, he wasn’t there in person that day. But his tenure loomed over the proceedings. He had helped turn one of Switzerland’s most solid institutions into a tinderbox.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Amazon Faces Black Friday Strikes in US, Europe

24Nov

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World

Amazon Faces Black Friday Strikes in US, Europe

Updated Nov. 24, 2023 7:52 am ETAmazon.com faced strikes in the U.S. and Europe on Black Friday, hitting the e-commerce giant at the start of the busy holiday shopping weekend as labor unrest picks up on both sides of the Atlantic.Warehouse workers and drivers planned strikes Friday in the U.S., the U.K., Germany, Italy and Spain to demand better wages and working conditions, according to the UNI Global Union, a global union federation focused on the services sector with affiliated organizations from 150 countries. Further protests by climate activists and workers are planned in other countries, the UNI Global Union said.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Germany’s Economy Shrank in 3Q as Recession Looms

24Nov

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World

Germany’s Economy Shrank in 3Q as Recession Looms

Germany’s economy contracted 0.1% from July to September, confirming prior estimates, as the country languishes in a likely recession, according to data from the country’s statistics office Destatis released Friday.The fall in output in Europe’s largest economy matched expectations of economists polled by The Wall Street Journal, as well as the preliminary data published in October. GDP contracted 0.4% on year in 3Q, on a price and calendar adjusted basis.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

23Nov

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World

Germany Faces the Green Fiscal Truth

Things have gone from bad to worse in Germany this week after a court ruling that’s forcing the government to do something truly shocking: level with voters about how much the net-zero energy transition will cost. Please pass the smelling salts.The country’s highest constitutional court ruled this month that one of the coalition government’s main gimmicks for funding green projects violates Germany’s version of a balanced-budged amendment. That amendment, known as the debt brake, caps the government’s fiscal deficit at 0.35% of gross domestic product per year except in emergencies (as defined by special legislation passed with a majority in the Bundestag).Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

How One Major World Capital’s Bid to Boost Affordable Housing Backfired

14Nov

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World

How One Major World Capital’s Bid to Boost Affordable Housing Backfired

BERLIN—The German capital has long been a lab for daring experiments in tackling the crisis of affordable housing that is plaguing city dwellers from San Francisco to Hong Kong.Anti-gentrification rules are so strict that in some neighborhoods, luxury renovations such as walk-in showers, balconies or cement tiles are turned down. Airbnb is tightly restricted while rental caps have forced thousands of landlords to slash rents.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8