Germany Is Officially In A Recession

Germany Is Officially In A Recession

Consumers in Germany are spending less. That means Europe’s largest economy is officially in a recession. Output in Germany dropped 0.3% in the first three months of the year, following a 0.5% contraction at the end of 2022, official data showed Thursday. The...
Nord Stream Pipeline Damage May Be Irreparable

Nord Stream Pipeline Damage May Be Irreparable

Earlier this week, Russian natural gas pipelines Nord Stream 1 and Nord Stream 2 suffered attacks that were clearly sabotaged.  Making matters worse, is that the damage sustained might be irreparable, Germany’s Tagesspiegel reported on Wednesday, citing “government...