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Economic experts are largely skeptical of the coalition’s decisions to relieve consumers of high energy costs. Michael Hüther, president of the German Economic Institute (IW), warned in the newspaper “Die Welt” of potential losses in tax and social security contributions amounting to twelve billion euros due to the possibility, planned by the CDU/CSU and SPD, […]

Anyone buying a new electric car in Germany currently faces a significantly higher risk of depreciation than someone buying a comparable combustion engine vehicle. This is the finding of an analysis by the online used car platform Carvago, based on a large data set of German listings. Ten pairs of similar electric cars and combustion

France withdrew 129 tons of gold from New York, recast it into new bars between July 2025 and January 2026, and thus realized a book profit of approximately €12.8 billion. While the total reserves remained constant at around 2,437 tons, the gold, converted into marketable standard bars, is now located in Paris. The Banque de

The Oettinger Group, based in Oettingen, Bavaria, has been pursuing a profound corporate restructuring since 2023, reorganizing its international business through a new company in the Swiss canton of Zug. This move is driven by the sharp decline in the beer market, falling sales in Germany, and the goal of generating a significantly larger share

Following an extraordinary coalition committee meeting at Villa Borsig, the German government announced a temporary reduction in the energy tax on gasoline and diesel. The trigger was a sharp rise in fuel prices, which the coalition primarily attributes to the war in Iran, while the real reasons lie deeper, in high taxes, politically inflated energy

Following sometimes violent protests against high fuel prices in Ireland, the government has decided on a further reduction in petrol and diesel taxes. “We have heard you,” Prime Minister Micheál Martin and his deputy Simon Harris declared at a joint press conference on Sunday, addressing the demonstrators. The government had also put together a further

In Germany, 4,573 partnerships and corporations filed for insolvency in the first quarter of this year, the highest number since the third quarter of 2005. The Leibniz Institute for Economic Research Halle also reported a particularly sharp increase in March. The figure was 71 percent higher than the average for March between 2016 and 2019,

Vestas is cutting around 440 jobs at its Lindø site on the island of Funen and aims to complete the reductions in Denmark by mid-2026. The cuts primarily affect the production of offshore hub houses for the V236-15.0 MW model. The reasons for the cuts are faster production processes, coupled with increasing pressure on margins

Clearing work for a controversial wind farm began in the Teutoburg Forest at the beginning of April. The project is located near the Externsteine ​​rock formation, the Berlebeck Eagle Sanctuary, and the Hermann Monument. It thus encroaches upon one of the most well-known landscapes in East Westphalia. The trigger was a permit already granted for

Protests against high fuel prices in Ireland reached a new level of escalation in early April 2026. In Dublin, Cork, Galway, and Foynes, demonstrators blocked fuel depots, major roads, and the country’s only refinery. The government is considering deploying the military to support the police in clearing the blockades. The trigger was a sharp increase

In Amsterdam and other Dutch ports, at least half the fleet is idle this week because high diesel prices are making large parts of the fishing industry unprofitable. Particularly affected are the fuel-intensive beam trawlers targeting North Sea species such as sole, turbot, and plaice, which represent around 7 percent of the EU fleet. The

The European Commission has warned Spain over its planned reduction of the value-added tax (VAT) on fuels from 21 to 10 percent, classifying the move as a violation of current EU law. This is according to a letter dated March 28 to the Spanish authorities, as reported by El País. The warning stems from a

At the end of March 2026, an act of sabotage targeted the power supply of a pumping station on the Transalpine Pipeline (TAL) near Terzo di Tolmezzo in northern Italy, disrupting the flow of crude oil to southern Germany for approximately three days. Refineries in Bavaria and Baden-Württemberg were particularly affected, as they were only

Germany in April 2026: Soaring fuel prices are burdening drivers, commuters, freight companies, and ultimately almost all consumers. The German government primarily attributes the price pressure to the war in Iran. While the external trigger may lie in the Middle East, the real crisis has been brewing domestically for years, as Germany’s energy policy generates

The global shortage of gas turbines is worsening, but it is primarily the exploding prices that are increasingly hindering the construction of new gas-fired power plants. This development is triggered by the rapidly growing electricity demand of AI data centers, while consumption in industry, transportation, and buildings is also rising. The market is concentrated in