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The German Business Report: Press Releases

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Press releases published on April 17, 2025

US, Indonesia Confirm Commitment to Bilateral Cooperation

US, Indonesia Confirm Commitment to Bilateral Cooperation

(MENAFN) U.S. Secretary of State Marco Rubio and Indonesia’s Foreign Minister Sugiono convened for comprehensive diplomatic discussions, emphasizing their countries' “shared interest in promoting a free and open Indo-Pacific,” based on a statement from the …

Istanbul Airport Launches Triple Runway Operations in Europe

Istanbul Airport Launches Triple Runway Operations in Europe

(MENAFN) Istanbul Airport, Turkey's premier air travel hub and the continent's second most frequented airport last year, has officially initiated operations with three runways functioning simultaneously. This remarkable development makes Istanbul Airport …

Concerns Over Recession Intensify Amid Trump's Tariffs, Global Trade Instability

Concerns Over Recession Intensify Amid Trump's Tariffs, Global Trade Instability

(MENAFN) Since taking office, U.S. President Donald Trump's tariffs have heightened worries about a potential recession this year, prompting international organizations to lower their growth forecasts for the global economy. Growth projections have …

Fiji's Cabinet Greenlights Establishment of Philippine Embassy in Suva

Fiji's Cabinet Greenlights Establishment of Philippine Embassy in Suva

(MENAFN) The Fijian cabinet has given the green light to a proposal from the Philippines to set up an embassy in Suva, the capital of Fiji, as reported by local media on Thursday. This move is expected to strengthen the burgeoning relationship between Fiji …

Italian Premier Aims to Solve EU, US Trade Conflict

Italian Premier Aims to Solve EU, US Trade Conflict

(MENAFN) Italian Premier Giorgia Meloni is scheduled to meet with Leader Donald Trump at the White House on Thursday to address tariff-related issues, as the European Union endeavors to sidestep a potential trade conflict with the United States. Following …

TSMC Announces Substantial Profit Rise Amid AI Chip Demand in Q1 2025

TSMC Announces Substantial Profit Rise Amid AI Chip Demand in Q1 2025

(MENAFN) Taiwan Semiconductor Manufacturing Corporation (TSMC), recognized as the globe’s leading chip producer, experienced a substantial rise in earnings—soaring by 60.3 percent compared to the same timeframe last year during the initial quarter of 2025. …

Chinese Official Criticizes US Tariffs on Hong Kong

Chinese Official Criticizes US Tariffs on Hong Kong

(MENAFN) A prominent Chinese government figure has fiercely criticized US Leader Donald Trump’s decision to enforce what he labeled “extremely arrogant and shameless” trade tariffs on Hong Kong, a region under China's jurisdiction. Xia Baolong, the head of …

AmeriCorps Staff Members Get Placed on Leave

AmeriCorps Staff Members Get Placed on Leave

(MENAFN) On Wednesday, the Trump administration placed staff members of AmeriCorps, a U.S. federal community service program, on administrative leave across the country. The decision was communicated to employees through a memo from Interim Director …

Moldova Confirms Date for Next Parliamentary Elections

Moldova Confirms Date for Next Parliamentary Elections

(MENAFN) On Thursday, Moldova confirmed that its next parliamentary elections will take place on September 28. The election date was proposed by members of the ruling Party of Action and Solidarity (PAS) during a parliamentary session, where 57 lawmakers …

Turkey's Central Bank Increases Key Interest Rate Amid Inflation Concerns

Turkey's Central Bank Increases Key Interest Rate Amid Inflation Concerns

(MENAFN) In a move to combat persistent inflation, Turkey's central bank announced on Thursday a significant increase in its benchmark interest rate, raising it by 350 basis points from 42.5 percent to 46 percent. This decision marks a reversal of the bank …

U.S. Airstrikes on Yemen's Capital Lead to Casualties

U.S. Airstrikes on Yemen's Capital Lead to Casualties

(MENAFN) A recent wave of U.S. airstrikes in Yemen's capital, Sanaa, has left at least one person dead and several others injured, according to a statement from Houthi-run health authorities. The airstrikes specifically targeted a residence in the Al-Nahda …

Hungarian Minister Criticizes European Politicians

Hungarian Minister Criticizes European Politicians

(MENAFN) Hungarian Foreign Minister Peter Szijjarto criticized certain European leaders on Thursday, claiming they are attempting to sabotage efforts to bring about peace in Ukraine. During a joint press conference held in Islamabad alongside his Pakistani …

US, European Presidents Hold Ceasefire Talks in Paris

US, European Presidents Hold Ceasefire Talks in Paris

(MENAFN) U.S. Secretary of State Marco Rubio initiated discussions in Paris on Thursday, seeking to jumpstart dormant peace negotiations concerning the conflict in Ukraine, while also tackling rising strains between the United States and European nations. …

Russia Announces Third Call Between Putin, Trump

Russia Announces Third Call Between Putin, Trump

(MENAFN) On Thursday, Moscow revealed that discussions are currently taking place with Washington to arrange another telephone conversation between Russian President Vladimir Putin and U.S. Leader Donald Trump. “This is what we are talking about, this …

Italy's Inflation Surges to Highest in 30 Months, Driven by Energy Costs

Italy's Inflation Surges to Highest in 30 Months, Driven by Energy Costs

(MENAFN) In March, Italy's inflation rate surged to 1.9 percent year-on-year, marking its highest level in two and a half years, as reported by the National Statistics Institute (ISTAT) on Wednesday. The rise in prices is largely attributed to escalating …

Brussels-Capital Region Sees Increase in Homelessness by 25 Percent

Brussels-Capital Region Sees Increase in Homelessness by 25 Percent

(MENAFN) A recent study conducted by Bruss'Help has uncovered a troubling 25% rise in homelessness within the Brussels-Capital Region, bringing the total number of homeless individuals to 9,777. The report, published on Wednesday, indicates a significant …

Shooting in Brussels Injures Two, with One Critically Wounded

Shooting in Brussels Injures Two, with One Critically Wounded

(MENAFN) Two individuals were injured, one critically, in an early morning shooting in Brussels, police confirmed Thursday, heightening concerns over the city's escalating drug-related violence. Authorities stated that the incident occurred around 2:30 a.m …

Germany Excludes Russia's Ambassador from 80th WWII Commemoration Over Ukraine Invasion

Germany Excludes Russia's Ambassador from 80th WWII Commemoration Over Ukraine Invasion

(MENAFN) Germany will not extend an invitation to Russia’s ambassador for the significant commemoration of the 80th anniversary of the conclusion of World War II, as reported by German media on Thursday. The German parliament has opted to exclude Russian …

Japan's Antitrust Regulator Warns Tokyo Hotels Over Price Sharing

Japan's Antitrust Regulator Warns Tokyo Hotels Over Price Sharing

(MENAFN) Japan's Fair Trade Commission is preparing to warn 15 major hotel operators in Tokyo about regularly sharing room pricing and occupancy rates, a practice the commission believes could foster cartel-like behavior, media reports indicated on …

Witkoff, Rubio Hold Meetings with European Allies in Paris to Address Ukraine War

Witkoff, Rubio Hold Meetings with European Allies in Paris to Address Ukraine War

(MENAFN) Steve Witkoff, special envoy for Donald Trump, along with senior U.S. diplomat Marco Rubio, is set to meet with European officials in Paris on Thursday to explore strategies aimed at resolving the ongoing war in Ukraine. Ukraine’s foreign and …

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