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The German cabinet approved a new hydrogen strategy, setting guidelines for hydrogen production, transport infrastructure and market plans. Produced using solar and wind power, green hydrogen is a pillar of Berlin's plan to transition away from fossil fuels. "A domestic supply that fully covers demand does not make economic sense or serve the transformation processes resulting from the energy transition as a whole," the document said. But Germany's limited renewable energy space will make it heavily dependent on imported hydrogen, experts say. We simply need space for wind and photovoltaic to be able to produce the hydrogen," Philipp Heilmaier, an energy transition researcher at Germany energy agency, told Reuters.

Persons: Simone Peter, Bettina Stark, Watzinger, Philipp Heilmaier, Volker Wissing, Riham Alkousaa, Christian Kraemer, Rachel More, Kirsten Donovan, David Evans Organizations: Reuters, United Arab Emirates, Thomson Locations: BERLIN, Germany, Canada, Norway, United Arab, Australia

Interviews with seven doctors and two other potential users of Wegovy from Germany, where Novo Nordisk's (NOVOb.CO) weight-loss drug will become available at the end of July, show the office administrator isn't alone. Allianz (ALVG.DE) says it will pay if a physician diagnoses a medical need while Debeka said its plans exclude weight-loss treatments. In Germany, Wegovy will be administered with the same injection pen used in Norway and Denmark, not the one used in the United States to avoid hitting supplies there. "Patients are so desperate in Germany that they will pay out of their pocket for the medication." "My experience is that people will be able to pay for it out of (their own) pocket," said Horbach.

Persons: Doctor Thomas Horbach, Wegovy, Novo, Jessica Lenth, isn't, I've, Lenth, Debeka, Robert Koch, Danish drugmaker, Sylvia Weiner, Karl Rheinwalt, Thomas Horbach, Weiner, Rheinwalt, Juergen Ordemann, Michael Wirtz, Wirtz, Irina Ernstberger, Ernstberger, Ludwig Burger, Maggie Fick, Patricia Weiss, Josephine Mason, Catherine Evans Organizations: Novo Nordisk, FRANKFURT, Reuters, Allianz, European Union, Robert Koch Institute, Sana Klinikum, St, Hospital, Ozempic, Novo, Thomson Locations: Germany, Munich, LONDON, Hamburg, Wegovy, United States, Danish, Norway, Denmark, Sana, Frankfurt, St Franziskus, Hospital Cologne, Berlin's, Winsen, Lower Saxony, London

☆ Singapore and Lisbon top ranking of the cities with the biggest surge in prime rents
▼ + stars: | 2023-07-20 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Private apartments are seen against the backdrop of the Marina Bay Sands hotel and the Singapore Flyer observatory wheel in Singapore on March 23, 2022. Rents in prime residential areas increased the most in Singapore, Lisbon and Berlin in the first half of the year, according to a new research report by real estate services company Savills. Data from the British company showed prime rents in Lisbon surged the most by 13.9% from Dec 2022 to June 2023, followed by Singapore at 13.6% and 9.2% for Berlin during the same period. The increase in Berlin's prime rents was, however, due to an influx of rich residents, the research said. The significant hike in Singapore's prime rents was due to construction delays during the Covid-19 pandemic.

Persons: Savills, Alan Cheong, Cheong Organizations: Singapore Flyer, Savills Research, Consultancy Locations: Marina, Sands, Singapore, Lisbon, Berlin, British

☆ Germany sends troops to Australia in a first as Berlin shifts focus to Indo-Pacific
▼ + stars: | 2023-07-10 | by ( Sabine Siebold | ) www.reuters.com time to read: +3 min

China is Berlin's most important trading partner, and 40% of Europe's foreign trade flows through the South China Sea, a waterway that is a focal point for territorial disputes in the Indo-Pacific. In 2021, a German warship sailed into the South China Sea for the first time in almost 20 years. When asked what message the first deployment of German troops to Australia was meant to send to China, he underscored Berlin did not aim to antagonize anybody. Mais plans to visit the German troops in Australia and a Rheinmetall (RHMG.DE) plant assembling Boxer armoured transport vehicles for both armies in mid-July, before travelling on to Japan and Singapore. As for Talisman Sabre, the German troops already have orders to return to Australia for the next exercise in 2025.

Persons: Alfons Mais, Berlin, Mais, Talisman Sabre, Sabine Siebold, Frank Jack Daniel Our Organizations: European Union, Reuters, Talisman, Rheinmetall, Boxer, Thomson Locations: BERLIN, Germany, Australia, China, German, U.S, Indonesia, Japan, South Korea, France, Britain, Berlin, Europe, Singapore

☆ Ravers dance through Berlin heat at techno parade
▼ + stars: | 2023-07-08 | by ( ) www.reuters.com time to read: +1 min

[1/5] Revellers attend the 'Rave The Planet' techno parade near the Brandenburg Gate in Berlin, Germany, July 8, 2023. REUTERS/Fabrizio BenschBERLIN, July 8 (Reuters) - Ravers gathered in Berlin on Saturday for the annual "Rave The Planet" techno music-themed street parade, with up to 300,000 attendees expected over the course of the afternoon. Police gave the go-ahead for the street parade on Saturday morning, after organisers had cautioned it may be cancelled due to concerns over security and sanitation. "The town centre belongs to the ravers today," Berlin police tweeted, confirming the event could take place. Around 200 DJs were due to play on 25 floats at the event, seen as the successor to the Love Parade founded in 1989 which was halted in 2010 after a stampede killed 21 and injured 500.

Persons: Fabrizio Bensch BERLIN, Ravers, Tanya Wood, Fabrizio Bensch, Victoria Waldersee, Ros Russell Organizations: REUTERS, Police, Love, Thomson Locations: Brandenburg, Berlin, Germany, Berlin's

☆ Germany to offer aid only to strategic sectors after Intel subsidy -minister
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +1 min

BERLIN, June 21 (Reuters) - Germany will promote specific projects in strategic industries after agreeing subsidies worth nearly 10 billion euros with Intel this week as the U.S. chipmaker said it would invest $33 billion in Germany, a minister said on Wednesday. "There will be no funding for everyone, but only for selected projects," said Economy Minister Robert Habeck of the Greens party which shares power with Scholz's Social Democrats and the FDP Free Democrats. "They will be everywhere in future," he said at an event in Berlin, adding that the Intel subsidies were therefore an investment in economic security. Other sectors being closely watched by the government included medicine, telecommunications, energy, logistics and transport, food and security services, he said. The economy ministry said earlier that the European Commission has yet to approve Berlin's subsidy plans for Intel.

Persons: chipmaker, Chancellor Olaf Scholz, Robert Habeck, Habeck, Christian Kraemer, Madeline Chambers, Kirsten Donovan Organizations: Intel, Greens, Scholz's Social Democrats, FDP Free Democrats, European Commission, Thomson Locations: BERLIN, Germany, Magdeburg, Berlin

The 13-year-old, who has Down's syndrome, is competing against over 100 gymnasts at the Special Olympics World Games in Berlin. It's great," Annabelle's father, Markus Tschech-Loeffler, told Reuters. Thousands of athletes with intellectual disabilities compete together in 26 sports over nine days at the Games. "Our core goal is to put the living situation of people with intellectual disabilities at the centre of society," Hauthal said. For Annabelle's father, making sure his daughter can focus on her routine and not get distracted by other competitors with thousands of people watching is the biggest challenge.

Persons: Annabelle, Mary, Markus, Jonathan, Read, Annabelle Tschech, Markus Tschech, Tom Hauthal, Hauthal, Olympiastadion, Nadine Baethke, Riham Alkousaa, Alison Williams Organizations: Federal, Special, Reuters, Games, Thomson Locations: BERLIN, Berlin, Germany, Nazi Germany

Berlin has agreed subsidies worth nearly 10 billion euros with the U.S. chipmaker, a person familiar with the matter said, more than the 6.8 billion euros it had initially offered Intel to build two leading-edge facilities in the eastern city. "Today's agreement is an important step for Germany as a high-tech production location – and for our resilience," Scholz said after Monday's signing. Globally, semiconductor manufacturing is expected to become a trillion-dollar industry by 2030, expanding from $600 billion in 2021, according to McKinsey. Initially, Intel wanted to invest 17 billion euros in the Magdeburg plant, an amount that has nearly doubled to more than 30 billion. About 7,000 construction jobs will be created in the first expansion, plus around 3,000 high-tech jobs at Intel and tens of thousands of jobs across industry, the U.S. chipmaker said.

Persons: Olaf Scholz, Pat Gelsinger, Scholz, Israel, Dado Ruvic, Robert Hermann, Taiwan's TSMC, Tesla, Robert Habeck, chipmaker, Gelsinger, Maria Martinez, Riham, Christoph Steitz, Rachel More, Jason Neely, Sharon Singleton, Catherine Evans Organizations: Intel, Intel Intel, Germany's, U.S, AMD, Nvidia, Samsung, Union, McKinsey, REUTERS, Germany Trade, Invest, Reuters, Germany, Thomson Locations: Germany, Frankfurt BERLIN, STOCKHOLM, Magdeburg, Europe, Berlin, Saxony, Anhalt, EU, chipmaking, Poland, United States, South Korea, Taiwan, Frankfurt, U.S, Ireland, France, Asia

They are to be built on some of the 33,000 hectares (330 square km) of former coal mines in Lusatia by 2030. The plans are emblematic of the drive by Chancellor Olaf Scholz's government to accelerate the phase-out of coal power towards a carbon neutral economy by as early as 2030 versus the agreed target of 2038. Many of LEAG's 8,000 coal workers are expected to retire by 2030 or retrain in renewable energy. Only 18% of locals believe politicians are doing enough to counteract the consequences of the coal phase-out, a survey published in May by broadcaster rbb showed, while 70% worry electricity could become expensive. "It is fundamentally unrealistic that the coal phase-out can be achieved in 2030," Christine Herntier, mayor of the town of Spremberg, told Reuters.

Persons: LEAG, Chancellor Olaf Scholz's, Ute Liebsch, Liebsch, Knut Abraham, Abraham, rbb, Christine Herntier, Rainer Schiller, Schiller, Ben Schueppel, Ingolf Arnold, Matthias Williams Organizations: Green, Reuters, Park, Thomson Locations: Berlin, FORST, Germany, Czech, Lusatia, Brandenburg, Saxony, Spremberg, Herntier

The deal in Germany would be Intel's third big investment in four days, following a $4.6 billion chip plant in Poland and a $25 billion factory in Israel. Intel plans to invest around 30 billion euros in the Magdeburg plant, the person said. Scholz said on Monday that his government was working on investment projects that would make Germany one of the world's leading locations for semiconductor production. Frankfurt-listed Intel shares were 0.7% lower at 1137 GMT. ($1 = 0.9150 euros)Writing by Christoph Steitz; editing by Rachel More, Jason Neely and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Pat Gelsinger, Olaf Scholz, Scholz, Taiwan's TSMC, Tesla, Gelsinger, Christoph Steitz, Rachel More, Jason Neely, Sharon Singleton Organizations: Intel, U.S, AMD, Nvidia, Samsung, EU, Reuters, Germany, Thomson Locations: Germany, Frankfurt BERLIN, STOCKHOLM, Magdeburg, chipmaking, Poland, Israel, United States, Europe, Berlin, South Korea, Taiwan, Frankfurt, Ireland, France, Asia

REUTERS/Fabrizio BenschSummarySummary Companies Germany unveils first ever National Security StrategyDocument reflects growing focus on security over economyContains strong criticism of China but does not mention TaiwanImplementation could be hampered by lack of Security CouncilBERLIN, June 14 (Reuters) - China poses a growing threat to global security, Germany said in its first national security strategy on Wednesday, underscoring Berlin's shift in emphasis from economic interests to geopolitics following Russia's invasion of Ukraine. It also omits some major issues, such as Taiwan, and as expected, does not create a National Security Council that would help its implementation. "We paid for every cubic metre of Russian gas twofold and threefold with our national security." Russia is the top threat to European peace "for now", the National Security Strategy (NSS) said. "The good thing is that German companies are drawing similar conclusions to the German federal government," she said.

Persons: Olaf Scholz, Fabrizio Bensch, cyberattacks, Chancellor Olaf Scholz, Annalena Baerbock, Ola Kaellenius, Baerbock, Noah Barkin, Norbert Roettgen, Scholz, Christian Lindner, Andreas Rinke, Miranda Murray, Rachel More, Madeline Chambers, Christoph Steitz, Angus MacSwan, Mark Potter, Alexandra Hudson Organizations: REUTERS, Germany, Security, BERLIN, Security Council, National Security, NSS, Volkswagen, BASF, BMW, Benz, NATO, Alexandra Hudson Our, Thomson Locations: Berlin, Germany, China, Taiwan, Ukraine, Beijing, Asia, Russia, Moscow, Europe, Moldova, Georgia

☆ Germany to send two warships to Indo-Pacific in 2024 amid South China Sea tensions
▼ + stars: | 2023-06-04 | by ( ) www.reuters.com time to read: +2 min

BERLIN, June 4 (Reuters) - Germany will send two warships to the Indo-Pacific in 2024, Defence Minister Boris Pistorius said on Sunday, amid rising tensions between China and Taiwan and over the disputed South China Sea. Speaking at the Shangri-La Dialogue in Singapore, Asia's most important security conference, Pistorius said countries needed to stand up for the rules-based international order and the protection of major maritime passages. By showing a greater military presence in the region, Germany is walking a tightrope between its security and economic interests as China is Berlin's most important trading partner. In 2021, a German warship sailed into the South China Sea for the first time in almost 20 years, a move that saw Berlin joining other Western nations in expanding its military presence in the region amid growing alarm over China's territorial ambitions. Some 40% of Europe's foreign trade flows through the South China Sea.

Persons: Boris Pistorius, Pistorius, Sabine Siebold, Nick Macfie Organizations: German Federal Government, Berlin, Thomson Locations: BERLIN, Germany, China, Taiwan, Singapore, Berlin, Bay, Bengal, South China, German, Beijing

London generated $2 billion in venture capital funding in the first quarter of 2023, compared to Berlin's $800 million, a DEEP Ecosystems analysis of Dealroom data showed. Reuters Graphics Reuters GraphicsTOUGHER TIMESIn 2022, 501 startups were founded in Berlin, a fifth of Germany's total. About a fifth of openings at startups were vacant and more than half were struggling to fill posts, German Startups Association said. In Germany, it has been accompanied by the sharpest contraction in venture capital funding in Europe in the past 12 months, down 42%. The funding crunch is hitting Germany's push to encourage the growth of new renewables businesses, given manufacturing startups are particularly capital intensive.

Persons: Avitosh Sawhney, Christian, headwinds, Katharina Beck, Lindner, Maximilian Tayenthal, Christoph Stresing, Tobias Lechtenfeld, Chancellor Olaf Scholz's, Maria Martinez, Riham Alkousaa, Matthias Williams, Mark John, Edmund Blair Organizations: Wall, Greens, Reuters, Startup Heatmap, Reuters Graphics Reuters, Manpower, Association, European Central Bank, Tech, Zero Alliance, Free Democratic Party, Thomson Locations: Berlin, London, BERLIN, Paris, Germany, Europe

☆ Private jets get a bad rap. Jetex is trying to make them greener
▼ + stars: | 2023-05-29 | by ( Rym Bendimerad | ) edition.cnn.com time to read: +7 min

Because they often travel shorter distances than commercial jets, private jets are generally less efficient, and their emissions per passenger are much higher. According to data from European non-profit Transport and Environment, private jets can be five to 14 times more polluting than commercial planes, and 50 times more polluting than trains. Yet the private aviation sector has seen considerable growth in recent years. EVTOL aircraft have a more limited range than private jets, and would be used for short flights around and between cities – which, in the future, could be an eco-friendlier option for the many celebrities who’ve been criticized for traveling short distances in their private jets. “We are seeing some really exciting innovations coming from private aviation,” said Dr. Kearns.

☆ Roger Waters says Nazi outfit at Berlin concert was anti-fascist
▼ + stars: | 2023-05-26 | by ( ) www.reuters.com time to read: +2 min

Waters said the depiction of "an unhinged fascist demagogue" had been a feature of his shows since "The Wall". Waters is being investigated under a separate law on suspicion of "incitement of the people", police said. Other German cities including Munich, Frankfurt and Cologne tried to cancel Waters' concerts after Jewish groups including the Central Council of Jews accused him of anti-Semitism. The final German tour date at Frankfurt's Festhalle venue on Sunday is still listed on Waters' website. Reporting by Friederike Heine in Berlin and Sachin Ravikumar in London, Editing by Andrew Heavens and Andrew CawthorneOur Standards: The Thomson Reuters Trust Principles.

☆ EU commission sees Germany 2023 GDP growth at 0.2%, Italy 1.2% - newspaper
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

ROME, May 15 (Reuters) - The European Commission will forecast Germany's economic growth this year at 0.2%, while projecting a 1.2% rate for Italy, Italian daily La Stampa reported on Monday, citing Brussels-based sources. The Commission sees the euro zone's largest economy growing by 1.4% next year, La Stampa writes, slightly above its February forecast of 1.3%. Brussels' 1.2% forecast for Italy is an upward revision from a 0.8% estimate made in February, and it is also above the Rome government's official forecast of 1.0%. Brussels forecasts Italian growth to remain broadly stable next year at 1.1%, La Stampa said, which is a marginal upward revision from its February forecast of 1.0%. For the euro zone as a whole, the Commission will forecast growth this year at "slightly above" its previous forecast of 0.9%, the paper said, without being more specific.

While paying bonuses at bailed-out energy groups raises questions around the use of taxpayers' money, it also highlights the need for the companies to remain competitive. One of the sources said 200 of Sefe's traders in London had received hundreds of millions of dollars in bonuses, adding mid-level traders had received $5 million-$7 million each. Two of the other people said that generous subsidies had been paid at both Sefe and Uniper. Uniper confirmed that bonuses were paid to trading staff for 2022 but below the level of the previous year. The Finance Ministry, which is responsible for the government's ownership of Uniper, also referred questions on operating issues including staff remuneration to the company.

☆ China still conducting police activities in Germany -German ministries
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

BERLIN, May 15 (Reuters) - German security authorities believe that China is still conducting police activities on German soil even though Beijing assured Berlin in February that it had ceased to do so, the German foreign and interior ministries said on Monday. "The security authorities continue to assume that there are two so-called overseas police stations in Germany," a spokesperson for the interior ministry said at a regular press conference. Berlin called on Beijing in November to shut down extraterritorial police stations in the country. The interior ministry spokesperson clarified that the police stations in question were "not fixed-location offices, but mobile facilities" from which Chinese and non-Chinese nationals were conducting "official duties" on behalf of Beijing. Germany is reassessing its bilateral relations with China amid increased wariness of Beijing as a strategic rival even as it remains Berlin's largest trading partner.

BERLIN, May 9 (Reuters) - Chinese Foreign Minister Qin Gang said on Tuesday that Beijing would maintain lines of communication with all parties to the war in Ukraine, including Germany, in seeking a ceasefire. European nations have repeatedly criticised China for its refusal to describe Russia's war in Ukraine as an invasion, or to call for a Russian withdrawal. "China is willing to maintain communication with relevant parties, including Germany, to achieve an early ceasefire." Qin said Beijing "firmly opposes some countries in using their so-called laws to impose long-arm jurisdiction and unilateral sanctions on other countries, including China". He added: "China will make necessary responses and resolutely safeguard the legitimate rights and legitimate interests of Chinese enterprises."

☆ Euro zone investor morale unexpectedly dips in May
▼ + stars: | 2023-05-08 | by ( ) www.reuters.com time to read: +2 min

[1/2] A shopper pays with a five Euro bank note to buy eggs at a local market in Nice, France, April 26, 2023. REUTERS/Eric GaillardBERLIN, May 8 (Reuters) - Investor morale in the euro zone took a surprising dip in May, with stubborn inflation and energy concerns upending expectations of a spring recovery, a survey showed on Monday. Sentix's index for the euro zone fell to -13.1 points for May from -8.7 in April. "The economic recovery, which is built on feet of clay, is thus beginning to falter," the survey said. The euro zone economy had been recovering in recent months, driven by robust demand for services, and a host of agencies from the IMF to the ECB have upgraded their forecasts for the bloc.

☆ How to know if your leadership style is more like Elon Musk or Steve Jobs — and what each of their strengths and weaknesses are
▼ + stars: | 2023-04-30 | by ( Christopher Myers | ) www.businessinsider.com time to read: +11 min

Isaiah Berlin, a prominent 20th-century philosopher and historian, popularized the foxes and hedgehogs metaphor in his 1953 essay "The Hedgehog and the Fox." By understanding this metaphor, modern business leaders can harness the strengths of both foxes and hedgehogs to navigate an increasingly complex and rapidly changing world. Leadership lessons from history: Xerxes and ThemistoclesExamining historical figures through the lens of the foxes and hedgehogs metaphor can provide valuable insights into the strengths and weaknesses of different leadership styles. Modern business titans: Steve Jobs and Elon MuskIn the world of technology and entrepreneurship, Steve Jobs and Elon Musk represent the quintessential hedgehog and fox, respectively. Isaiah Berlin's foxes and hedgehogs metaphor provides modern business leaders with a valuable framework for understanding and implementing effective leadership styles.

[1/5] Newly elected Mayor of Berlin Kai Wegner and his predecessor and designated Berlin Senator for Economics and Energy Franziska Giffey look on at the city's town hall Rotes Rathaus (Red Townhall), in Berlin, Germany, April 27, 2023. REUTERS/Nadja WohllebenBERLIN, April 27 (Reuters) - Berlin appointed its first conservative mayor in more than two decades on Thursday after the Christian Democrats (CDU) beat Chancellor Olaf Scholz's Social Democrats (SPD) in a repeat election in February, dislodging its centre-left coalition. Kai Wegner, 50, a former insurance salesman, was sworn in as mayor after a vote in local parliament, succeeding the SPD's Franziska Giffey who had been Berlin's first female mayor. His CDU won a clear victory in February's election held after a court ruled the 2021 vote invalid due to irregularities. Critics have accused his CDU party of dog-whistle politics.

☆ Climate change activists protest at Berlin Formula E race
▼ + stars: | 2023-04-23 | by ( ) www.reuters.com time to read: +2 min

BERLIN, April 23 (Reuters) - Climate change activists delayed the start of an all-electric Formula E race at Berlin's Tempelhof airport circuit on Sunday after they climbed fences and sat in front of cars lined up on the starting grid. Letzte Generation (Last Generation) posted video on Twitter of white T-shirted supporters scaling the wire fence before being carried away by security. A Formula E spokesperson said the protest was "unrelated to the event". read moreBritain's Grand National horse race was delayed by animal rights protesters, with 118 people arrested read more . Twenty five people were also arrested at Saturday's Scottish Grand National.

☆ Allies move to bolster Ukrainian tank forces ahead of counteroffensive
▼ + stars: | 2023-04-21 | by ( ) www.reuters.com time to read: +5 min

Ukraine has pressed its allies for long-range weapons, jets and ammunition ahead of a counteroffensive to push back Russian troops that is expected in the coming weeks or months. Abrams battle tanks will arrive in Germany in the coming weeks for Ukrainian troops to begin training, U.S. Defence Secretary Lloyd Austin told reporters. NATO member states and their allies have provided Ukraine with weapons and armour, but Ukraine's leadership has repeatedly asked for more powerful weapons and quicker supplies. "The Russians are cautious to come into Ukraine because of the effective use of the Ukrainian air defense system. Hungarian Prime Minister Viktor Orban poured cold water on Ukraine's NATO prospects, simply tweeting "What?!"

☆ Airbus tells shareholders Europe needs to 'get its act together' on autonomy
▼ + stars: | 2023-04-19 | by ( Tim Hepher | ) www.reuters.com time to read: +3 min

The chairman of Europe's largest aerospace group, Rene Obermann, told investors last year's invasion of Ukraine by Russia had been a wake-up call. "It has highlighted the essential role that defence plays in society and that European nations need to get their act together for higher levels of strategic autonomy. "We are committed to playing a role of enabler for more co-operation in defence, which we believe is one of the key prerequisites to make sure that Europe maintains its strategic autonomy, Obermann said. He also cited sovereign capabilities for which Europe does not want to depend on the United States. DEFENCE DIVIDENDFrench President Emmanuel Macron is pursing an agenda to beef up Europe's "strategic autonomy" separate from the U.S.-led NATO umbrella, with eastern allies trusting the United States more for their defence.

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