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,

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.

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

Friedrich Merz, the conservative front-runner in the race to be Germany’s next chancellor, warned domestic companies against making bigger investments in China.Most Read from BloombergWhat Happened to Hanging Out on the Street?

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".

The EU is weighing a Europe-wide subsidy program for electric vehicles to support domestic carmakers, German Chancellor Olaf Scholz revealed this week at the World Economic Forum in Davos, Switzerland.

Donald Trump's return to the White House has darkened the mood in Germany a month before elections, as multiple crises shake the foundations on which Europe's biggest economy built its post-war prosperity.

German Chancellor Olaf Scholz on Wednesday said the presidency of Donald Trump would "be a challenge" but stressed he wanted to build on the foundations of the "stable" relationship between America and Europe.

Insolvencies and layoffs have cast doubt on the town's future prosperity, echoing wider anxieties in Europe's biggest economy as it heads toward February 23 elections.

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.

Essen is looking to compel both asylum seekers and recipients of welfare to work for the city in an effort to stoke an economy blighted by unemployment and stagnation.