Sophie Kiderlin

German Finance Minister Christian Lindner on Friday warned that if the U.S. kicked off a trade war with the European Union, there could be retaliation.

Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.

European markets closed lower on Wednesday as investors assessed a fresh batch of corporate earnings, regional growth data and the U.K. budget.

Germany's inflation surged to 2.4% in October, back above the European Central Bank's 2% target, even as the country narrowly avoided a technical recession in the third quarter.

Germany's ruling coalition has long been standing on shaky ground, but the situation has become critical in recent weeks, with a breakup more likely than ever.

Novo Nordisk on Wednesday reported third quarter earnings broadly in line with expectations and narrowed its 2024 full-year growth guidance.

The three-year-old union between Scholz's Social Democratic Party (SPD), the Greens and Lindner's Free Democratic Party (FDP) had been on shaky ground for some time.

Donald Trump's election as U.S. President could be yet another major blow for the struggling German economy.

Jörg Kukies was appointed as the new German finance minister on Thursday, replacing Christian Lindner.

The date for the German federal election has been set for Feb. 23, earlier than Chancellor Olaf Scholz had originally proposed.