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CNN —Germany’s governing coalition has collapsed after disagreements over the country’s weak economy led Chancellor Olaf Scholz to sack his finance minister. The coalition has been at loggerheads over how to revive Germany’s economy. What problems is Germany’s economy facing? Germany’s economy, Europe’s largest, shrank last year for the first time since the onset of the Covid-19 pandemic. Party leader Alice Weidel has already hailed the coalition’s collapse as a “liberation” for Germany.

Persons: Chancellor Olaf Scholz, Christian Lindner’s, Scholz, Donald Trump, Europe’s, Angela Merkel, Gerhard Schröder, Merkel, Christian Lindner, Christoph Soeder, Friedrich Merz, Lindner, Liesa Johannssen, “ Lindner, ” Lindner, ”, Carsten Brzeski, “, Robert Habeck, Annegret Hilse, Merz, Alice Weidel, ” Weidel Organizations: CNN, Free Democrats Party, Scholz’s Social Democratic Party, SPD, Green Party, CDU, Trump, Social Democratic Party, Greens, ING, Volkswagen, CDU –, Christian Democratic Union, Party Locations: Germany, Germany’s, Nazi, Thuringia, France, Italy, Ukraine, China, ”

☆ Erdogan tells UN chief Israel must be tried in international courts for Gaza crimes
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

Turkish President Tayyip Erdogan attends a press conference with German Chancellor Olaf Scholz (not pictured) at the Chancellery in Berlin, Germany, November 17, 2023. REUTERS/Liesa Johannssen/File Photo Acquire Licensing RightsANKARA, Nov 28 (Reuters) - Turkish President Tayyip Erdogan on Tuesday told United Nations Secretary General Antonio Guterres that Israel must be held accountable in international courts for what he called war crimes it committed in Gaza, the Turkish presidency said. Israel has mounted an offensive by air and ground against Hamas militants in Gaza in which more than 15,000 people have been killed, according to Gaza health authorities. "During the call, President Erdogan said Israel continues to shamelessly trample on international law, the laws of war, and international humanitarian law by looking in the eyes of the international community, and it must be held accountable for the crimes it committed in front of international law," it said in a statement. Erdogan has called the Israeli attacks on Gaza a genocide and accused Israel of being a "teror state".

Persons: Tayyip Erdogan, Olaf Scholz, Liesa, General Antonio Guterres, Erdogan, Guterres, Israel, Hakan Fidan, Alison Williams, Angus MacSwan Organizations: REUTERS, Rights, Tuesday, United Nations, Security, Wednesday, . Security, Arab League, of Islamic Cooperation, European Union, Israel, Thomson Locations: Berlin, Germany, Rights ANKARA, Israel, Gaza, New York, Turkey, United States, European, Spain, Belgium

Last week, the Turkish parliament's foreign affairs commission delayed a vote on Sweden's NATO membership bid in order to hold further talks on the subject. NATO foreign ministers will meet in Brussels on those days, Nov. 28-29, a gathering that some in the Western defence bloc had hoped would mark Sweden's accession. The Turkish Foreign Ministry was not immediately available for comment. Both Sweden and Finland had requested to join NATO in May last year following Russia's invasion of Ukraine. While NATO member Hungary also has not ratified Sweden's membership, Turkey is seen as the main roadblock to Sweden's accession.

Persons: Tayyip Erdogan, Olaf Scholz, Liesa, Finland's, Erdogan, Ezgi Erkoyun, Leslie Adler Organizations: REUTERS, Rights, NATO, Turkish Foreign Ministry, Nordic, Kurdistan Workers, European Union, Thomson Locations: Berlin, Germany, Rights ANKARA, BRUSSELS, Turkey, Turkish, Brussels, Sweden, Finland, Ukraine, embargoes, United States, Stockholm, Hungary

"The Compact with Africa conference aims to send this signal: You can count on Germany as a partner". The 4 billion euros would be channelled into the common EU-Africa Initiative for Green Energy. The European Union had already announced it would deliver it 3.4 billion euros in grants. German trade with Africa was 60 billion euros ($65.4 billion) last year, which is a fraction of its trade with Asia but up 21.7% on 2021. Ivory Coast President Alassane Ouattara said the number of German companies had tripled in five years while Morocco's Prime Minister Aziz Akhannouch said German investment had increased sixfold since 2015.

Persons: Olaf Scholz, Emmanuel Macron, Ursula von der Leyen, Liesa, Scholz, Christian Lindner, Alassane Ouattara, Aziz Akhannouch, Andreas Rinke, Sarah Marsh, Riham Alkousaa, David Gregorio Our Organizations: French, REUTERS, Rights, Africa, Africa Initiative for Green Energy, European Union, " Finance, Ivory, Morocco's, Democratic, Thomson Locations: Africa, Berlin, Germany, Europe, China, West, Russia, Asia, Ivory Coast, Morocco, Tunisia, Egypt, Senegal, Guinea, Ghana, Togo, Benin, Burkina Faso, Rwanda, Democratic Republic of Congo, Ethiopia

☆ Germany's budget committee pauses 2024 budget deliberations -panel members
▼ + stars: | 2023-11-17 | by ( Maria Martinez | Thomson Reuters | Maria Martinez Is A Reuters Correspondent In Berlin Covering German Economics | ) www.reuters.com time to read: +4 min

REUTERS/Liesa Johannssen/File Photo Acquire Licensing RightsBERLIN, Nov 17 (Reuters) - Germany's budget committee paused final deliberations on the 2024 draft budget early on Friday morning, according to the chief budget officers of the coalition government, after a constitutional court ruling threw negotiations into disarray. The contents of the ministries' budgets were finalised during the committee meeting, the budget officers said. On Wednesday, the constitutional court decision prompted the government to postpone the formal vote of the budget committee until next Thursday. Despite the court ruling, the 2024 budget is expected to be passed as planned at the end of the Bundestag's budget week on Dec. 1, according to members of the budget committee. The chief budget officers of the coalition government accused the opposition of refusing to cooperate in budget deliberations.

Persons: Liesa, Chancellor Olaf Scholz's, Joerg Kraemer, Friedrich Merz, Commerzbank's Kraemer, Maria Martinez, Holger Hansen, Clarence Fernandez, Gerry Doyle Organizations: REUTERS, Rights, Greens, Free Democrats, European Commission, dpa, Bundestag's Energy, CDU, CSU, Christian Democratic Union, ESF, Economic, Stabilization, Thomson Locations: Berlin, Germany, Ukraine

The economy and finance ministry declined immediate comment. "So the ruling could have a negative impact on economic growth," the source added. Last month, the economy ministry predicted 1.3% growth for next year. Although the Greens want additional spending, the Free Democrats (FDP), which heads the finance ministry, reject additional debt and higher taxes. "There is a clear political decision in favour of Intel and nothing has changed yet," said an economy ministry spokesperson on Friday.

Persons: Liesa, Olaf Scholz's, Christian Lindner, Chancellor Olaf Scholz's, Joerg Kraemer, Robert Habeck, Habeck, Friedrich Merz, Christian Haase, Commerzbank's Kraemer, Maria Martinez, Andreas Rinke, Holger Hansen, Christian Kraemer, Madeline Chambers, Matthias Williams, Clarence Fernandez, Gerry Doyle, David Evans Organizations: REUTERS, Rights, Thursday, Greens, Free Democrats, Transformation, Intel, U.S, Christian Democratic Union, ESF, Economic, Stabilization, Thomson Locations: Berlin, Germany, Europe's

[1/3] FILE PHOTO: German Chancellor Olaf Scholz looks on as he meets NATO's Secretary General Jens Stoltenberg in Berlin, Germany, November 9, 2023. Wednesday's decision by the constitutional court could also set a precedent for fiscal responses to future crises. "FAR-REACHING CONSEQUENCES""The court ruling has far-reaching consequences for fiscal policy in Germany," said Clemens Fuest, President of the Ifo economic institute. This was done with the Second Supplementary Budget Act 2021, which retroactively amended the Budget Act for 2021. The constitutional court ruled that this act was incompatible with Germany's Basic Law and so was void.

Persons: Olaf Scholz, Jens Stoltenberg, Liesa, Chancellor Olaf Scholz's, Christian Lindner, Lindner, Scholz, Robert Habeck, Clemens Fuest, Ralph Solveen, Habeck, Friedrich Merz, Maria Martinez, Christian Kraemer, Ursula Knapp, Matthias Williams, Kirsti Knolle, Madeline Chambers, Susan Fenton, William Maclean, Catherine Evans Organizations: REUTERS, Rights, Finance, Union, Social Democrats, Free Democrats, Christian Democratic Union, Thomson Locations: Berlin, Germany, Ukraine

☆ Anti-Semites cannot be granted German citizenship under new law - minister
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +1 min

German Interior Minister Nancy Faeser looks on after addressing members of the media, in Berlin, Germany, September 27, 2023. REUTERS/Liesa Johannssen/File Photo Acquire Licensing RightsBERLIN, Oct 25 (Reuters) - A law under consideration by the German parliament would mean that people who have committed anti-Semitic acts can never be granted citizenship, German Interior Minister Nancy Faeser said on Wednesday. "Our draft for the new citizenship law, which we will now discuss in the Bundestag, provides a clear exclusion of anti-Semites," Faeser said in a statement issued after she met with Israeli ambassador to Germany, Ron Prosor. She added that German authorities were "extremely vigilant" with regards to supporters of the Palestinian Islamist group Hamas in Germany, saying that any such person would be "prosecuted with the full force of the law." Writing by Friederike Heine; editing by Matthias WilliamsOur Standards: The Thomson Reuters Trust Principles.

Persons: Nancy Faeser, Liesa, Faeser, Ron Prosor, Friederike Heine, Matthias Williams Organizations: REUTERS, Rights, German, Hamas, Thomson Locations: Berlin, Germany, Palestinian

☆ Germany's economy ministry plans 50 bln euros boost for industry
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

German Economy and Climate Minister Robert Habeck holds a press conference about the autumn economic forecasts, in Berlin, Germany, October 11, 2023. REUTERS/Liesa Johannssen/File Photo Acquire Licensing RightsBERLIN, Oct 24 (Reuters) - Germany's economy ministry is planning 50 billion euros ($53 billion) in tax breaks over the next four years to help industry and businesses cope with high energy prices, according to a new industrial strategy to be presented Tuesday. The move is part of government efforts to support domestic industry in the face of high energy costs and the draw of incentive programmes in countries such as the United States. He also urged a quick agreement on discounted electricity prices for some parts of industry through state subsidies, a proposal that has been rejected by Chancellor Olaf Scholz. The government last year introduced electricity and gas price caps to shield industry and households from rising energy prices, but energy-intensive companies in Germany say electricity prices are still too high.

Persons: Robert Habeck, Liesa, Chancellor Olaf Scholz, Christian Kraemer, Miranda Murray, Rachel More, Mark Potter Organizations: Climate, REUTERS, Rights, Reuters, Thomson Locations: Berlin, Germany, United States, Russia, Ukraine

☆ Germany mulls possible aid suspension to Palestinians after Hamas attack
▼ + stars: | 2023-10-08 | by ( ) www.reuters.com time to read: +2 min

Israel supporters protest, following Hamas' biggest attack on Israel in years, next to the Brandenburg Gate, in Berlin, Germany, October 8, 2023. "We will now review our entire engagement for the Palestinian territories." But pushback came from the opposition Left party and the Greens, junior partner in the federal coalition. Hamas, and not all Palestinians, were responsible for the attack, said Gregor Gysi, a prominent member of the Left party. "These funds above all gave suffering people in the Palestinian territories access to food provisions and health care."

Persons: Israel, Liesa, Svenja Schulze, Armin Laschet, Mahmoud Abbas, pushback, Gregor Gysi, Luise Amtsberg, Markus Wacket, Sarah Marsh, Ros Russell, Bernadette Baum Organizations: REUTERS, Rights, Palestinian, Hamas, . Development, Social Democrats, West Bank, Left, Greens, Palestinian Authority, United Nations, Thomson Locations: Israel, Brandenburg, Berlin, Germany, Palestinian, Europe

☆ Germany welcomes China's support for G20 debt restructuring framework
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +2 min

German Finance Minister Christian Lindner speaks during a session of the lower house of parliament, Bundestag, at the Reichstag building, in Berlin, Germany September 27, 2023. REUTERS/Liesa Johannssen/File Photo Acquire Licensing RightsBERLIN, Oct 1 (Reuters) - Germany has welcomed a show of support from China for the G20 debt restructuring framework for poorer countries in a joint statement after their financial dialogue in Frankfurt over the weekend. Neither provided further details on the rules for the restructuring plans and the joint statement did not give specifics. "This creates opportunities on both sides for more responsible trade and investment," German Finance Minister Christian Lindner said on Sunday. The meeting took place in Frankfurt, as Germany want to further strengthen this city as an European hub for financial services, the finance minister said.

Persons: Christian Lindner, Liesa, Sunday's, Lindner, ” Lindner, Maria Martinez, Alison Williams Organizations: Bundestag, REUTERS, Rights, Reuters, Thomson Locations: Berlin, Germany, China, Frankfurt, Africa, Asia, Beijing, European

☆ Germany bans neo-Nazi group, raids members' homes
▼ + stars: | 2023-09-27 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO-German Interior Minister Nancy Faeser attends a session of the lower house of parliament, Bundestag, at the Reichstag building, in Berlin, Germany September 20, 2023. REUTERS/Liesa Johannssen/File Photo Acquire Licensing RightsBERLIN, Sept 27 (Reuters) - German authorities raided dozens of locations nationwide on Wednesday after interior minister Nancy Faeser banned a right-wing extremist group accused of spreading Nazi ideology. The headquarters of the group, dubbed "Artgemeinschaft", as well as 26 homes belonging to 39 members were searched in the early hours across 12 states, the interior ministry said in a statement. "This right-wing extremist group has tried to raise new enemies of the constitution with its disgusting indoctrination of children and young people." German authorities this month banned another neo-Nazi group, "Hammerskins Deutschland" with roots in the United States and raided the homes of 28 members after an investigation lasting more than a year in co-operation with U.S. officials.

Persons: Nancy Faeser, Liesa, arsonists, Faeser, Friederike Heine, Clarence Fernandez Organizations: Bundestag, REUTERS, Rights, Nazi, U.S, Thomson Locations: Berlin, Germany, United States

☆ GlobalFoundries opens $4 billion Singapore expansion fab to meet 'demand for essential semiconductor chips'
▼ + stars: | 2023-09-12 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

A robotic arm moves 300 mm silicon semiconductor wafers inside a sorting machine in a cleanroom at a Globalfoundries Inc. semiconductor fabrication plant. Liesa Johannssen | Bloomberg | Getty ImagesU.S.-headquartered GlobalFoundries announced Tuesday the opening of its $4 billion expansion fabrication plant in Singapore as the contract chipmaker expects "growth in demand for essential semiconductor chips." Singapore supplies 11% of the world's semiconductors, according to the Singapore Semiconductor Industry Association. GlobalFoundries acquired Singapore's Chartered Semiconductor Manufacturing and took over its fabs in 2010. The following June, the Nasdaq-listed semiconductor manufacturer said its first tool had been moved into the Singapore facility.

Persons: Johannssen, GlobalFoundries, chipmaker, Thomas Caulfield, Caulfield, CNBC's Organizations: Inc, Bloomberg, Getty, CNBC, Qualcomm, MediaTek, NXP Semiconductors, 5G, Singapore Semiconductor Industry Association, Partnership, Samsung, Semiconductor Manufacturing, Economic, Board, Nasdaq, CNBC's Sri Locations: Singapore, U.S, Germany

☆ U.S. regulators investigating Tesla after steering wheels detach from two moving vehicles
▼ + stars: | 2023-03-08 | by ( Ashley Capoot | ) www.cnbc.com time to read: +2 min

A worker checks Tesla Model Y electric vehicles loaded onto a freight trailer at the Tesla Inc. Gigafactory in Gruenheide, Germany, on Saturday, Jan. 21, 2023. Photographer: Liesa Johannssen/Bloomberg via Getty ImagesThe National Highway Traffic Safety Administration has opened an investigation into Tesla after it received two complaints that steering wheels detached in 2023 Model Y vehicles while people were driving. "Both vehicles were delivered to the owners missing the retaining bolt which attaches the steering wheel to the steering column," the NHTSA said. He later said the Tesla dealership called him and apologized, and the driver shared a photo of a replacement Model Y that he received on Feb. 23. The investigation into Tesla is a first step before the NHTSA could demand a vehicle recall.

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