Tag: Germany

German economy enters recession as first-quarter GDP data is revised lower

The German economy entered a technical recession in the first quarter of this year, as households tightened spending.

German minister calls for maturity on U.S. debt ceiling talks: ‘We have to avoid further risks’

German Finance Minister Christian Lindner hopes American lawmakers will be “mature” over the debt ceiling negotiations to avoid further headwinds for the global economy.

TUI sees summer travel demand ‘significantly’ lifting 2023 profit

German travel firm TUI said it expects strong revenue and higher profit in 2023 on the back of a jump in summer bookings, despite the risk of travel disruption triggered by strikes.