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German profits soar, wages lag
The profits of companies in Germany have increased significantly more than wages, according to a study by the Organisation for Economic Co-operation and Development (OECD).
Europe’s Largest Gas Field Shut Down Due to Earthquakes
The largest natural gas field in Europe, located in Groningen, Netherlands, is set to be completely shut down due to the thousands of earthquakes it
Inflation in Germany: Perception vs Reality
The perceived and actual inflation rates in Germany are significantly different, according to a study by credit insurer Allianz Trade. In May 2023, the perceived
Saudi Arabia’s 400m 360-VR cinema
Saudi Arabia is currently dependent on oil exports, but the country is looking to reduce this reliance through its “Vision 2030” project. The project aims
94% of Long-Haul Trucking Autonomous
Autonomous Trucks Could Replace 94% of Long-Haul Drivers in the US A recent study by the University of Michigan has found that up to 94%
German view immigration as economic opportunity.
Germany Needs 400,000 Immigrants Annually to Combat Labor Shortage Germany needs around 400,000 immigrants every year to address its labor shortage, according to a study
Wars made humanity poorer.
Wars have always been known to cause deaths, disrupt supply chains, and lead to losses in the industry and agriculture sectors. It is therefore evident
Mallorca’s Marine Reserve Benefits Economy and Environment
A new study has shown that protecting the environment can also benefit the economy. In 2007, an 11,000-hectare marine protected area was established in the
Record High Private Wealth in Germany Amid Covid-19
Despite the economic uncertainty caused by the Covid-19 pandemic, private incomes in Germany have remained relatively stable. In fact, private wealth has reached a new
COVID-19 hits events industry hard.
The coronavirus outbreak has caused the cancellation of 162 trade fairs and major events in Germany, resulting in a loss of at least €470 million
