Weaker foreign demand drove a bigger-than-expected drop in German industrial orders in January, suggesting that busy factories in Europe’s largest economy could shift into a lower gear in the coming months.
Foreign trade drove a 0.6 percent expansion in Europe’s largest economy between October and December, German data showed, and the momentum from the fourth quarter is widely expected to carry over into the start of 2018.
The 68th Berlin International Film Festival, also known as the Berlinale, has opened in the German capital. It’s regarded as one of the world’s most important film events and a chance for upcoming filmmakers from developing countries to get discovered. Nineteen films, including four by Iranian filmmakers, are competing for awards in this year’s competition, presstv.com
France’s finance minister has hit out at German-backed plans to impose debt writedowns on investors in bailed out countries, warning that the issue was a ‘red line’ for Paris in talks on eurozone reform.
German Foreign Minister Sigmar Gabriel has urged Europe to push for nuclear disarmament by starting new initiatives for arms control after the US announced its new strategy to upgrade and expand its nuclear arsenal.
Industrial workers in Germany started a third day of 24-hour strikes over pay and working hours on Friday, downing their tools at companies, including carmakers Mercedes-Benz and Porsche and airplane maker Airbus.
German Chancellor Angela Merkel's conservatives agreed with their would-be Social Democrat (SPD) partners on Wednesday to cap pension contributions, a sign of steady progress in coalition talks which both sides aim to conclude within a week.
German Chancellor Angela Merkel and the leaders of two smaller parties met Friday for the start of formal negotiations on forming a new governing coalition, some four months after voters went to the polls.