DIRS.INFO The most relevant business & tech news

☆ ‘The Dead Don’t Hurt’ Review: A Foursquare Western From Viggo Mortensen
▼ + stars: | 2024-05-30 | by ( Ben Kenigsberg | ) www.nytimes.com time to read: +1 min

In making an honest go at reviving the movie western, Viggo Mortensen — who directed, wrote and stars in “The Dead Don’t Hurt,” in addition to composing its score — delivers a few different westerns in one. Not counting a deathbed prologue, the film initially seems to be staking out a claim in the law-and-order corner of the genre. Mortensen, as a bereaved sheriff named Holger Olsen, appears skeptical when a town dullard stands accused of six murders and apparently claimed not to remember any of them. The local courthouse — a makeshift affair cobbled together in the saloon — is not the most forgiving place for the wrongfully accused, or for anyone. We’ve already seen the killer.

Persons: Viggo Mortensen —, Mortensen, Holger Olsen, dullard, We’ve, Weston Jeffries, Solly McLeod, Alfred Jeffries, Garret Dillahunt

☆ French Open Day 2: Nadal leaves Roland Garros door ajar, Andreescu returns
▼ + stars: | 2024-05-27 | by ( James Hansen | ) www.nytimes.com time to read: +6 min

🇺🇸 Chris Eubanks, 6-3, 6-3, 6-4🇺🇸 Chris Eubanks, 6-3, 6-3, 6-4 🇹🇳 Ons Jabeur (8) def. 🇬🇷 Maria Sakkari (6), 3-6, 6-4, 6-3🇬🇷 Maria Sakkari (6), 3-6, 6-4, 6-3 🇬🇷 Stefanos Tsitsipas (9) def. 🇨🇿 Karolina Pliskova, 3-6, 6-4, 6-2🇨🇿 Karolina Pliskova, 3-6, 6-4, 6-2 🇺🇸 Ben Shelton (15) def. 🇫🇷 Hugo Gaston, 3-6, 6-3, 6-4, 6-4Hugo Gaston, 3-6, 6-3, 6-4, 6-4 🇺🇸 Danielle Collins (11) def. 🇦🇺 Max Purcell, 6-2, 6-2, 3-6, 4-6, 7-6(10)Max Purcell, 6-2, 6-2, 3-6, 4-6, 7-6(10) 🇵🇱 Iga Swiatek (1) def.

Persons: Roland Garros, Chatrier, Rafael Nadal, Alexander Zverev, Nadal, Mateo Villalba, Bianca Andreescu, Serena Williams —, Andreescu, She’s, Robert Prange, Sara Sorribes Tormo, ”, “, Serena Williams, Leylah Fernandez, Denis Shapovalov, Felix Auger, Aliassime, Jack Draper, Andy Murray’s, Cameron Norrie, Pavel Kotov, Linda Noskova, Harriet Dart, Dan Evans, Katie Boulter, they’re, Evans, Holger Rune, Paula Badosa, Disappointment, Norrie, Andy Murray, Maria Sakkari, Varvara Gracheva, hasn’t, Maria, Elina S vitolina, 🇵, Erika, Elena R ybakin Organizations: Getty, U.S ., National Bank Locations: Philippe, Montreal, British, Rome

☆ French Open draw: Nadal’s nightmare draw with Zverev? And who will stop Swiatek?
▼ + stars: | 2024-05-23 | by ( Matthew Futterman | ) www.nytimes.com time to read: +9 min

Follow live coverage of the first day of the French Open 2024 today and game-by-game coverage of Stan Wawrinka vs Andy MurrayOnce upon a time, there was a tennis tournament called the French Open. When it was over, the greatest clay-court player of all time learned that he would have to play a rematch of the 2022 French Open semi-final, where Zverev tore ligaments in his ankle after pushing Nadal to his limits. They’re French Open finalists the past three years, and two of the best clay-court players in the world. She has won three of the past four French Open titles, and has become nearly unbeatable on clay. Ostapenko won the French Open in 2017 (Julien de Rosa/AFP via Getty Images)Ostapenko has beaten Swiatek all four times they have played, and won this tournament in 2017.

Persons: Stan Wawrinka, Andy Murray, Andres Gomez, Carlos Moya, Thomas Muster, Yevgeny Kafelnikov, Gaston Gaudio, Rafael Nadal, Nadal, Alexander Zverev, David Ramos, Novak Djokovic, Zverev, Rafael Nadal's, It’s, Carlos Alcaraz, Monte, Andrey Rublev, JJ Wolf, Next, hasn’t, Julian Finney, Pierre Hugues, Herbert, Luca Nardi, Alejandro Tabilo, Tomas Machac, Roland Garros, Chris Eubanks, there’s, Casper Ruud, They’re, Tsitsipas, Marton Fucsovics, Ruud, Jakub Mensik, Felipe Meligeni Alves, Nicolas Jarry, . Jarry, Corentin Moutet, Tabilo, Men’s, Ra, s 🇨🇿 Toma, Macha, Ben Shelto, 🇬 🇧Dan Evans, She has, Elen, Leo l ia Je, ike Nosk, ina, Ry, aki, Sara S orri, 🇰🇿 Yulia Putin, Cornet 🇷🇴 Sor, lina (15) Organizations: Nadal, Getty, Monte, adal Locations: German, Berlin, Monte Carlo, Barcelona, Rome, Madrid, Geneva, Italy, Chile, Czech, Ost

☆ OpenAI may have finally cracked the code on voice interactions with AI
▼ + stars: | 2024-05-14 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

In today's big story, everyone's talking — literally — about the big update for OpenAI's ChatGPT that could make your job a lot easier . AdvertisementOpenAI may have finally cracked the code on voice interactions with AI, though. OpenAI says GPT-4o's average response to audio inputs is 320 milliseconds, which is on par with a typical human-to-human conversation. "They've essentially made text input almost be the barbaric form of communicating with ChatGPT (or any AI) now," the developer said. ChatGPT, Tyler Le/BIOpenAI's big reveal shows the shockwaves the startup keeps sending through the tech world.

Persons: —, Here's, ChatGPT Holger Scheibe, Tyler Le, OpenAI, Alex Bitter, They've, ChatGPT, Katie Notopoulos, Siri, it's, Apple that's, Andrew Burton, Justin Sullivan, Rebecca Zisser, Tim Cook's, Tesla, Mark Zuckerberg, he's, Nathan Congleton, Melinda, Gates, French Gates, she'd, Melinda Gates, Bill Gates, Doug McMillon, It's, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, George Glover Organizations: Service, Teen, Business, HAL, Hollywood, Apple, Apple's Worldwide, Conference, GPT, Google, Microsoft, Washington, Getty, Tesla, Melinda Gates Foundation, University of Arkansas, Depot, Sony, Disney, Cannes Locations: NBCU, New York, London

☆ The U.S. is now Germany’s biggest trading partner — taking over from China
▼ + stars: | 2024-05-10 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Photo: Christoph Soeder/dpa (Photo by Christoph Soeder/picture alliance via Getty Images)After years of China being Germany's main trading partner, the U.S. looks like it's quietly taking that top spot as the year progresses. Several factors played a role in the change, Carsten Brzeski, global head of macro research at ING Research, told CNBC. […] At the same time, decoupling from China, weaker domestic demand in China and China being able to produce goods it previously imported from Germany (mainly cars) reduced German exports to China," he said. China has been Germany's biggest trading partner for years, but the gap between China and the U.S. narrowed in recent years. The U.S. has also long been a bigger market for German exports than China, Holger Schmieding, chief economist at Berenberg Bank, told CNBC.

Persons: Habeck, Christoph Soeder, it's, Carsten Brzeski, Holger Schmieding, China's, Schmieding Organizations: German, Getty, U.S, CNBC, Reuters, ING Research, Berenberg Bank Locations: Germany, China, U.S

☆ Golden visas attracted wealthy Americans to Southern Europe. Then their housing crisis followed.
▼ + stars: | 2024-05-09 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

This is in part the doing of so-called "golden visas," hugely popular residency visas for foreign investors. And they purchased more Portuguese golden visas than any other nationality in 2022. Related storiesBut as Portugal has experienced a worsening housing affordability crisis, Portuguese public opinion on golden visas has soured. Last year, the country changed the terms of its golden visa program to exclude real estate investment. Other southern European countries are following suit, similarly pointing to skyrocketing real estate prices.

Persons: —, They're, they're, João Pereira dos Santos, Pereira dos Santos, Nuno Fazenda, Holger Schmieding, Schmieding, David Zorrakino Organizations: Service, Business, The New York Times, School of Economics, Finance, Queen Mary University of London, State, Tourism, Trade, Services, Bloomberg, Berenberg Bank, Getty, European Central Bank, Paris Locations: Greece, Portugal, Tourism, Lisbon, Athens, Spain, Southern Europe, Portuguese, London, Ramblas, Barcelona, Catalonia, Europe, Germany, Netherlands, France

☆ European Central Bank posts first annual loss in two decades
▼ + stars: | 2024-02-22 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

Rain falls over the finance district and the European Central Bank (ECB) in Frankfurt, Germany. The European Central Bank on Thursday reported its first annual loss since 2004, following hefty payouts due to higher interest rates. The central bank said it will carry forward the loss on its balance sheet to offset against future profits. The central bank began quantitative tightening in March 2023. There is no institution in the economy which can cope with a temporary loss better than the central bank," he told CNBC by email.

Persons: Germany's Bundesbank, Holger Schmieding Organizations: European Central Bank, ECB, Swiss National Bank, CNBC Locations: Frankfurt, Germany, Ukraine

☆ Germany’s economy is on shaky ground and glimmers of hope are few and far between
▼ + stars: | 2024-02-12 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

"The data confirm that German industry is still in recession," Holger Schmieding, chief economist at Berenberg Bank, told CNBC. Exports – which are a major cornerstone of the German economy – fell by 4.6% in December and 1.4%, or 1.562 trillion euros ($1.68 trillion), across the year. Meanwhile, factory orders data seemed promising at first glance as it reflected an 8.9% increase in December compared to November. "Orders excluding large-scale orders actually fell to a post-pandemic low," she added. For 2023 overall in comparison to the previous year, factory orders were down 5.9%.

Persons: Olaf Scholz, Robert Habeck, Christian Lindner, Holger Schmieding, –, Franziska Palmas, Schmieding Organizations: Greens, Federal, Economic Affairs, of Finance, Berenberg Bank, CNBC, Industrial, Capital Economics Locations: Germany, Europe

☆ Germany Attractive for Skilled Workers Despite Discrimination - OECD
▼ + stars: | 2024-01-31 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

(Reuters) - Germany is still an attractive destination for skilled workers from abroad, although migrants report racism and discrimination in everyday life, the Organisation for Economic Cooperation and Development (OECD) said on Wednesday. Having tracked the careers of 30,000 highly qualified people who wanted to come to Germany as migrant workers since August 2022, their willingness to move to the country had increased rather than decreased over the time, the OECD said. Some 92% of participants in its poll lived abroad and were still interested in moving to Germany, it added. However, people who had already moved to Germany reported more discrimination than expected before the move. "Experiences of discrimination are reported, especially when looking for accommodation and in public," the OECD's Thomas Liebig said.

Persons: Thomas Liebig, Holger Hansen, Bartosz Dabrowski, Rachel More Organizations: Reuters, Organisation for Economic Cooperation, Development, OECD Locations: Germany

FRANKFURT, Germany (AP) — Europe’s economy failed to expand at the end of 2023, with the stagnation now lasting for more than a year amid higher energy prices, costlier credit and lagging growth in powerhouse Germany. Zero economic growth for the October-to-December period of last year follows a 0.1% contraction in the three months before that, according to figures released Tuesday by EU statistics agency Eurostat. That extends a miserable run of economic blahs: The 20 countries that use the euro currency have not shown significant growth since the third quarter of 2022, when the economy grew 0.5%. With higher shipping costs and delays to products from clothes to keyboard components, concerns are growing of new consumer price spikes if the conflict in Gaza drags on or escalates. The trade disruption could add as much as 0.5% to core inflation, which excludes volatile fuel and food prices, Oxford Economics said.

Persons: ”, Holger Schmieding, Yemen's Houthi Organizations: EU, Eurostat, European Central Bank, Oxford Economics, ECB, Hamas, Oxford Locations: FRANKFURT, Germany, Suez, Asia, Europe, Berenberg, United States, Russia, Ukraine, Red, Africa, Gaza

☆ Australian Open: Jannik Sinner faces Danlil Medvedev in the men’s final
▼ + stars: | 2024-01-27 | by ( Matias Grez | ) edition.cnn.com time to read: +3 min

Sinner ended defending champion Novak Djokovic’s 33-match winning streak at the Australian Open, a run stretching back to 2018, to reach his maiden grand slam final, where he will face Russia’s Daniil Medvedev on Sunday. It was put to Sinner after his semifinal win that he, Alcaraz and Holger Rune seem to be having more success than the generation before them. Medvedev is bidding to win his second grand slam title. David Gray/AFP/Getty ImagesThis is the 27-year-old’s third Australian Open final after losing to Djokovic in 2021 and Nadal in 2022, but Medvedev is now much more assured in his game, highlighted by his stunning semifinal comeback over Alexander Zverev. But it is what it is, and I’m proud and looking forward to the final to give my 100% again.”

Persons: Roger Federer, Rafael Nadal, Novak Djokovic, Carlos Alcaraz, Novak Djokovic’s, Russia’s Daniil Medvedev, Alcaraz, Holger Rune, ” Sinner, Rafa, Nadal, Roger, ” Medvedev, Medvedev, David Gray, Alexander Zverev, I’m, ” Organizations: CNN, Sunday, Djokovic, Medvedev Locations: Adelaide, Russian, AFP, Melbourne

☆ An estate manager for the wealthy shares some of the outlandish and intimate requests she's received from clients
▼ + stars: | 2024-01-10 | by ( Mark Ellwood | ) www.businessinsider.com time to read: +7 min

She and her team coordinate service providers, from gardeners to party planners, for her clients. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementEmily Webb-Doskow, an estate manager, receives strange requests from wealthy clients. These shifts expanded the prospective client base of families who could benefit from an estate manager. She said a starting salary for a full-time estate or house manager could be about $150,000.

Persons: Emily Webb, Doskow, Baker, —, Webb, Rich, I've, She's, bender, Barths, Holger Leue, they'd, they're Organizations: Webb, Service, Craigslist, Business, Baker, Estate Management, YouTube Locations: Los Angeles, New York City, St, America

☆ European Central Bank to focus on shrinking balance sheet as markets bet on rate cuts
▼ + stars: | 2023-12-13 | by ( Annette Weisbach | ) www.cnbc.com time to read: +2 min

Christine Lagarde, president of the European Central Bank (ECB). Bloomberg | Bloomberg | Getty ImagesFRANKFURT — The European Central Bank meets this week with investors closely monitoring to see when the Frankfurt institution might start to cut interest rates. "Nonetheless, markets will probably have to correct some of their overoptimistic rate cut expectations once the ECB has spoken this Thursday." watch nowMoney markets are currently pricing in almost 150 basis points of rate cuts next year. The PEPP, or the Pandemic Emergency Purchase Program, is a flexible bond purchase program introduced during the coronavirus pandemic.

Persons: Christine Lagarde, Holger Schmieding, Isabel Schnabel, Mark Wall Organizations: European Central Bank, Bloomberg, Getty, FRANKFURT, ECB, Reuters, Deutsche Bank Locations: Frankfurt, Berenberg

☆ Not so dead as a dodo: ‘De-extinction’ plan to reintroduce bird to Mauritius
▼ + stars: | 2023-12-01 | by ( Tom Page | ) edition.cnn.com time to read: +10 min

CNN —An audacious collaboration between geneticists and conservationists plans to bring back the extinct dodo and reintroduce it to its once-native habitat in Mauritius. But according to the partners, its return to Mauritius could benefit the dodo’s immediate environment and other species. The Nicobar pigeon, native to the coastal regions from the Andaman and Nicobar Islands, is the closest living relative to the dodo. Then it will edit the PGCs of a Nicobar so it expresses the physical traits of a dodo. “I have studied the dodo for many years, and there is still a lot to learn about this enigmatic bird,” he added.

Persons: dodo, Beth Shapiro, ”, Matt James, James, Holger Hollemann, Tatayah, ” Tatayah, “, dodos, Ben Birchall, Julian Hume, ” Hume, Ben Lamm, “ We’re Organizations: CNN, Colossal Biosciences, Mauritian Wildlife Foundation, Getty, Gorges, Colossal, “, White Rhino, Biosciences Locations: Mauritius, Rodrigues Island, Asia, Nicobar, Park, “ Mauritius, Aigrettes, Ile

☆ Jannik Sinner: Why the Carota Boys are ‘finding a lot of love’ for Italian tennis star
▼ + stars: | 2023-12-01 | by ( George Ramsay | ) edition.cnn.com time to read: +6 min

CNN —Go to a major tennis tournament and it’s hard to miss the Carota Boys, a team of six men decked in full-body, bright-orange carrot costumes. It’s only over the past seven or so months that the Carota Boys’ love for Sinner has really blossomed, endearing themselves to the tennis public in the process. The conception of the Carota Boys originates with the friends’ tradition of buying tickets for tennis tournaments to celebrate each other’s birthdays. The Carota Boys attend the ATP Tour Finals in Turin, Italy, watching Sinner take on Greece's Stefanos Tsitsipas. “Jannik and all the Carota Boys are born in a place near the mountains.

Persons: Sinner, – Lorenzo Ferrato, Francesco Gaboardi, Gianluca Bertorello, Enrico Ponsi, Alessandro Dedominici, Alberto Mondino –, TIZIANA FABI, Ferrato, Lavazza, Novak Djokovic, “, ” Ferrato, “ Jannik, Clive Brunskill, “ Let’s, let’s, we’ve, Jannik, ”, Valentino Rossi, Max, Michael, Schumacher, Daniil Medvedev, Valerio Pennicino, Carlos Alcaraz, Denmark’s Holger Rune, Djokovic, ” Djokovic, he’s, Sinner’s Organizations: CNN, Carota Boys, ATP, Getty, CNN Sport, Boys, Wimbledon, Davis, ITF Gaboardi, Italy, Australia, “ Locations: Italy, It’s, Turin, Revello, Rome, AFP, Vienna, Austria, Paris, London, New York, Malaga, Spain, Formula

It's clear how that will end.”Germany’s constitutional court has voided some 60 billion euros ($65 billion) in spending for this year and next. Without yet another emergency declaration next year, the government would have to scramble to cover shortfalls of roughly 30 billion to 40 billion euros — plus 20 billion to 30 billion euros for 2025 — compared with earlier plans, according to Holger Schmieding, chief economist at Berenberg bank. The fallout has left Germany projected to be the worst-performing major economy this year, shrinking by 0.5%, according to the International Monetary Fund. That has led to calls from some to loosen the debt limits because they restrict the government's response to new challenges. Yet even some opposition state governors have said the debt limits should be loosened.

Persons: Chancellor Olaf Scholz, “ We've, Robert Habeck, “, ”, Holger Schmieding, Schmieding, Free Democrats doesn't, Kai Wegener Organizations: U.S, International Monetary Fund, Industry, Volkswagen, BMW, Mercedes, Benz, Seven, Social Democrats, Greens, Free Democrats, Christian Democrats, Berlin Locations: FRANKFURT, Germany, Ukraine, Russia, China, Berenberg, East Germany, Europe, Britain, U.S, Italy, Japan

A constitutional court ruling on Nov. 15 against a budget manoeuvre to get around Germany's "debt brake" threw the financial plans of Chancellor Olaf Scholz's coalition into disarray. "As I have long been saying, we must fear that the debt brake becomes ever more a brake on the future," said Berlin mayor Kai Wegner on social media platform X. "The debt brake was implemented when Europe had a debt sustainability issue and Germany wanted to lead by example," he said. "With the debt brake as it is, we have voluntarily tied our hands behind our backs and are going into a boxing match," he said. The Greens' campaign programme ahead of the last election included debt brake reform to allow for greater investments.

Persons: Olaf Scholz, Robert Habeck, Christian Lindner, Chancellor Olaf Scholz's, Reiner Haseloff, Haseloff, Kai Wegner, Friedrich Merz, Carsten Brzeski, Roderich Kiesewetter, Stefan Marschall, Andreas Rinke, Sarah Marsh, Matthias Williams, Holger Hansen, Nick Macfie Organizations: Climate, Finance, BERLIN, U.S, Intel, Reuters, AAA, Christian Democratic Union, CDU, Christian Social Union, CSU, Berlin, Free Democrats, Social Democrats, Greens, ING, SPD, University of Duesseldorf, Thomson Locations: Berlin, Europe's, Ukraine, Saxony, Anhalt, United States, Bavarian, Federal, Germany, Europe, France, Italy, Spain, China

The court ruling has called into question Germany's traditionally strict fiscal policy and sparked warnings that German companies could be starved of support to keep them globally competitive. HANDS TIEDThe crisis has sparked calls for reforming the debt brake. "With the debt brake as it is, we have voluntarily tied our hands behind our backs and are going into a boxing match," he said. A poll by broadcaster ZDF suggested only a minority of Germans supported suspending the debt brake. Some 57% wanted the budget shortfall from the court ruling to be covered by spending cuts, 11% favoured tax increases and 23% wanted the state to take on additional debt.

Persons: Olaf Scholz, Robert Habeck, Christian Lindner, Scholz, Lindner, Habeck, Steffen Hebestreit, Holger Hansen, Christian Kraemer, Miranda Murray, Rene Wagner, Matthias Williams, Toby Chopra, Gareth Jones, Deepa Babington Organizations: Climate, Finance, BERLIN, Greens, Social Democrats, Free Democrats, FDP, ZDF, Thomson Locations: Germany, Europe's, East Germany, China

Lindner plans to lift self-imposed limits on borrowing and present a supplementary budget next week after a constitutional court ruling wiped billions from the federal budget and forced the government to freeze most new spending commitments. HANDS TIED IN A BOXING MATCHThe crisis has sparked calls for reforming the debt brake. "With the debt brake as it is, we have voluntarily tied our hands behind our backs and are going into a boxing match. A poll by the broadcaster ZDF suggested only a minority of Germans, 35%, supported suspending the debt brake however, compared to 61% wanting it to stay in place. Some 57% wanted the budget shortfall from the court ruling to be covered by spending cuts, 11% favoured tax increases and 23% wanted the state to take on additional debt.

Persons: Christian Lindner, Lindner, hawkish Lindner, Chancellor Olaf Scholz's, Robert Habeck, Habeck, Thomas Gitzel, Holger Hansen, Christian Kraemer, Miranda Murray, Rene Wagner, Matthias Williams, Toby Chopra Organizations: BERLIN, German Finance, Greens, ZDF, Bank, Thomson Locations: Germany, China, Europe

The court ruling has called into question Germany's traditionally strict fiscal policy and sparked warnings that German companies could be starved of support to keep them globally competitive. The debt brake, introduced after the global financial crisis of 2008/09, was first suspended in 2020 to help the government support firms and health systems during the COVID-19 pandemic. HANDS TIEDThe crisis has sparked calls for reforming the debt brake. "With the debt brake as it is, we have voluntarily tied our hands behind our backs and are going into a boxing match," he said. A poll by broadcaster ZDF suggested only a minority of Germans supported suspending the debt brake.

Persons: Christian Lindner, Fabrizio Bensch, Scholz, Olaf Scholz, Lindner, Robert Habeck, Habeck, Steffen Hebestreit, Holger Hansen, Christian Kraemer, Miranda Murray, Rene Wagner, Matthias Williams, Toby Chopra, Gareth Jones Organizations: REUTERS, BERLIN, Finance, Greens, ZDF, Thomson Locations: Berlin, Germany, Europe's, East Germany, China

Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany, November 16, 2023. Scholz's three-way coalition is reeling from a court ruling last week that wiped 60 billion euros ($65 billion) from the budget at a stroke and forced it to freeze most new spending commitments, delaying talks on the 2024 budget. LOSS OF CONFIDENCEGermany's steel sector added its voice to the growing jitters, warning that the court ruling had put a question mark over more than 40 billion euros in planned investments. "I find it correct that the consequences of the constitutional court ruling ... are checked carefully," Scholz told a news conference. Scholz also described this as conceivable, participants at the meeting told Reuters, adding that the court ruling put the coalition into a difficult situation but it could be resolved.

Persons: Wolfgang Rattay, Chancellor Olaf Scholz, Robert Grundke, Bernhard Osburg, Osburg, Berlin, Scholz, Achim Post, Andreas Rinke, Christoph Steitz, Holger Hansen, Rene Wagner, Matthias Williams, Christina Fincher Organizations: REUTERS, Economic Cooperation, Development, Reuters, Scholz's Social Democrats, Thomson Locations: Duisburg, Germany, FRANKFURT, Paris, United States, decarbonisation

Their options include drawing up a supplementary budget for 2023 and suspending Germany's self-imposed debt brake before reinstating it for next year. "Our goal is to discuss the budget quickly but with due care," said a joint statement of ruling party lawmakers. The delay has heightened uncertainty about spending in all areas of the German economy and meant the 2024 budget might not be concluded before the end of the year. "I firmly assume that the commitments for Intel and TSMC will remain," a government source said, adding: "This is very important to the chancellor, as well as to the economy minister." This will happen in the course of next early 2024 and we will see how far hydrogen is available," CEO Miguel Lopez said.

Persons: Olaf Scholz, Christian Lindner, Robert Habeck, Olaf Scholz's, Scholz's, Siegfried Russwurm, TSMC, Scholz, Miguel Lopez, Holger Hansen, Christian Kraemer, Victoria Waldersee, Andreas Rinke, Madeline Chambers, Matthias Williams, Miranda Murray, Alex Richardson, Christina Fincher Organizations: Finance, Climate, Government, Ukraine Industry, Intel, TSMC, Wednesday, Social Democrat, Greens, Free Democrats, Fund, Eurasia Group, U.S, BMW, Volkswagen, Thomson Locations: TSMC BERLIN, Germany's, Ukraine, EU, Saxony, Anhalt, Berlin, Germany

☆ Pressure mounts on German government to find way out of budget hole
▼ + stars: | 2023-11-22 | by ( Holger Hansen | ) www.reuters.com time to read: +4 min

The court ruled the budget manoeuvre was incompatible with the debt restrictions enshrined in Germany's constitution. The pressure is even more intense as talks for next year's budget are on the final stretch. Highlighting the gravity of the situation, the government has already imposed a freeze on most new spending commitments on ministries. "German industry is looking at the current political situation with the greatest concern," said Siegfried Russwurm, president of the BDI industry association. One obstacle to reforming the debt brake, which restricts Germany's structural budget deficit to the equivalent of 0.35% of gross domestic product, has been Finance Minister Christian Lindner.

Persons: Olaf Scholz, Christian Lindner, Robert Habeck, Chancellor Olaf Scholz's, Siegfried Russwurm, Holger Hansen, Christian Kraemer, Andreas Rinke, Madeline Chambers, Miranda Murray, Alex Richardson Organizations: Finance, Climate, Europe's, Social Democrat, Greens, Free Democrats, Fund, Reuters, Ukraine, Greens Economy, U.S, Intel, European, Thomson Locations: BERLIN, reallocating, Berlin, Ukraine

☆ Analysis-Scholz's Coalition Buckles but Unlikely to Break - for Now
▼ + stars: | 2023-11-21 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +6 min

The decision has increased tensions within Chancellor Olaf Scholz's coalition, in particular between junior partners the Greens and the Free Democrats (FDP). But Scholz is unlikely to call for new elections as they would not benefit any of the coalition partners. "Scholz definitely wants to keep the government together and believes this will work as none of the three coalition partners stand to benefit from a break," a source close to the chancellor said. "In reality, the chancellor should dismiss his coalition partners now." "And the strength of the AfD is also the reason why no actors - not even the conservatives - currently have any interest in new elections."

Persons: Sarah Marsh, Holger Hansen, Andreas Rinke BERLIN, Chancellor Olaf Scholz's, Philipp Tuermer, Scholz, Stefan Marschall, Ursula Muench, Frank Decker, Friedrich Merz, Markus Soeder, Decker, Andreas Rinke, Alexander Ratz, Catherine Evans Organizations: Greens, Free Democrats, Scholz's Social Democrats, Tagesspiegel, Bertelsmann Foundation, SPD, University of Duesseldorf, University of Tutzing, Bonn University, Eurasia Group Locations: Ukraine, Germany, Bavarian

☆ Germany freezes new spending commitments as budget woes deepen
▼ + stars: | 2023-11-21 | by ( Holger Hansen | ) www.reuters.com time to read: +3 min

Chancellor Olaf Scholz speaks next to Finance Minister Christian Lindner and Economy and Climate Minister Robert Habeck during a hearing at Germany’s lower house of parliament Bundestag in Berlin, Germany, November 15, 2023. The finance ministry has frozen future spending pledges across almost the entire federal budget, a letter by the budget state secretary showed, in a sign of how seriously it was taking the potential fallout to its finances. "The step reflects the necessity of the situation," an economy ministry spokesperson said about the budget freeze. That could include planned chip factories, the expansion of the battery supply chain and the decarbonisation of steel, government sources said on Monday. ($1 = 0.9168 euros)Additional reporting by Andreas Rinke; writing by Matthias Williams and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Olaf Scholz, Christian Lindner, Robert Habeck, Annegret, Freeze, Olaf Scholz's, Kevin Kuehnert, that's, Kuehnert, Volker Wissing, Wissing, Andreas Rinke, Matthias Williams, Sharon Singleton Organizations: Finance, Climate, REUTERS, BERLIN, Free Democrats, Democrats, CDU, Scholz's Social Democrats, Greens, Digital, Thomson Locations: Berlin, Germany, Ukraine

Search resuls for: "Holger"

25 mentions found