German Chancellor Olaf Scholz has promised quick action to fix a budget crisis after a court decision blew a large hole in the almost-finished plan for next year.

Germany’s Cabinet has approved a draft 2024 budget that foresees lower spending with defense among the exceptions.

Chancellor Olaf Scholz has inaugurated Germany’s first liquefied natural gas terminal, declaring that the speed with which it was put into service is a signal that Europe’s biggest economy will remain strong.

German lawmakers have approved a plan to keep the country’s three remaining nuclear power plants until mid-April.

The European Union is considering more lenient economic recovery proposals that veer away from the grinding, top-down austerity rules that hit Greece and other countries during the financial and debt crises a decade ago.

Chancellor Olaf Scholz has ordered his ministers to prepare to keep all of Germany’s three remaining nuclear plants running until mid-April to fend off a possible energy crunch over the winter.

Germany plans to spend up to 200 billion euros helping consumers and businesses cope with the surge in energy prices.

The German government plans to reduce incentive payments for buyers of electric cars and end subsidies for buying plug-in hybrids at the end of this year.

The German government has unveiled a new package of climate measures to close the emissions gap in the transport and housing sectors as part of the country’s plan to become carbon neutral by 2045.

Last July, Treasury Secretary Janet Yellen celebrated it as a “historic day” when more than 100 nations agreed to a global minimum tax deal meant to reform and equalize the world’s economy.

German lawmakers have agreed to strip former Chancellor Gerhard Schroeder of his office and staff after he maintained and defended his long-standing ties with Russia and its energy sector despite the invasion of Ukraine.

Finance ministers for the Group of Seven leading economies are grappling with deepening inflation concerns and the immediate effects of Russia’s war in Ukraine, with U_S_ Treasury Secretary Janet Yellen warning that it all adds up to a “very difficult economic situation.”.

Germany’s parliament has paid tribute to Boris Romanchenko, who survived several Nazi concentration camps during World War II but was killed last week during an attack in the Ukrainian city of Kharkiv.

Germany’s finance minister has proposed a “crisis discount” to dampen the impact of recent fuel price hikes due to the war in Ukraine.

Germany’s vice chancellor is traveling to Washington for talks with U.S. officials that will focus on energy security and the need to ramp up renewable energy in the wake of Russia’s attack on Ukraine.

Germany’s biggest governing party says it aims for a final decision by the end of March on the introduction of a universal vaccine mandate against COVID-19.

The German government has approved 60 billion euros in funding to be used for combating climate change and modernizing the country.

Olaf Scholz has taken over as Germany’s new chancellor at the head of a three-party coalition government, ending the 16-year era of outgoing Chancellor Angela Merkel.

Olaf Scholz has become Germany's ninth post-World War II chancellor, opening a new era for the European Union’s most populous nation and largest economy after Angela Merkel’s 16-year tenure.

A three-party deal to form a new German government under center-left leader Olaf Scholz has cleared its final hurdle.

Olaf Scholz is set to become post-World War II Germany’s ninth chancellor, crowning a career that has seen him serve in a string of top government posts, after leading his party to an election comeback that appeared hugely unlikely just a few months ago.

The two parties that are expected to determine who will become Germany’s next chancellor have started talks to bridge their differences and declared that they got off to a good start.