Chancellor Olaf Scholz on Friday laid out his vision to secure the future of Germany's ailing economy at a campaign event in the historic home base of the crisis-hit auto titan Volkswagen. The embattled chancellor,

Germany's economy shrank for a second straight year in 2024, official figures showed Wednesday, with little hope of a speedy recovery as Europe's traditional powerhouse is also mired in political crisis.

Olaf Scholz became German chancellor with a pledge to modernise and jolt Europe’s largest economy from its paralysis. But just two months after taking office, Russia’s full-scale invasion of Ukraine in February 2022 ripped the Social Democrat’s plans apart and strained his coalition with the Greens and the Liberals.

Germany is in the middle of its worst economic slowdown in years. Official figures show two years of consecutive GDP contraction, and 2025 is unlikely to bring any relief, projected at near-zero growth.

Friedrich Merz, the conservative front-runner in the race to be Germany’s next chancellor, warned domestic companies against making bigger investments in China.

Auto industry jobs have long been the lifeblood of the German town of Luedenscheid but now, a trade union official says, the sector's woes have sparked fears it will turn into an "open-air industrial museum".

Auto industry jobs have long been the lifeblood of the German town of Luedenscheid but now, a trade union official says, the sector's woes have sparked fears it will turn into an "open-air industrial museum".

Chancellor Olaf Scholz voiced cautious optimism on Tuesday on the potential for German-U.S. relations under President Donald Trump, citing good first talks with his administration, but stressed the importance of "cool heads" in the face of uncertainty.

Chancellor Olaf Scholz said Germany's responsibility to pass down the memory of the Holocaust to each generation "will not end." He also warned of an "alarming normalization" of antisemitism on ...

BERLIN — Tech billionaire Elon Musk’s friendliness with the far right “endangers” democracy in Europe, German Chancellor Olaf Scholz said Friday. “He supports the far right everywhere in Europe — in the U.K., in Germany, in many, many other ...

Jan 17 (Reuters) - German Foreign Minister Annalena Baerbock indirectly criticised Chancellor Olaf Scholz for his reluctance to approve a further 3 billion euros ($3.09 billion) in additional ...

BERLIN - German Chancellor Olaf Scholz said on Friday that he does not expect the United States to halt military aid to Ukraine after President-elect Donald Trump is inaugurated on Jan. 20.