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The German Business Report: Press Releases

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Press releases published on June 3, 2025

N-Korea criticizes ‘hostile’ Western statement on relations with Russia

N-Korea criticizes ‘hostile’ Western statement on relations with Russia

(MENAFN) North Korea has strongly criticized a recent report by a Western-led sanctions monitoring group that accuses Pyongyang of unlawful military collaboration with Russia. The report, issued by the Multilateral Sanctions Monitoring Group (MSMT), has …

Moscow, Kiev consent biggest-ever inmate exchange

Moscow, Kiev consent biggest-ever inmate exchange

(MENAFN) Russia and Ukraine have reached a landmark agreement for their largest prisoner exchange so far, according to Vladimir Medinsky, the head of Russia’s negotiating team. Speaking after the second round of peace talks in Istanbul, Medinsky announced …

Russians prefer cash over non-cash payments

Russians prefer cash over non-cash payments

(MENAFN) A former head of Russia’s central bank believes that cash is unlikely to disappear from the country’s economy, citing ongoing demand for cash despite the rise of digital payment methods. During a recent interview, Sergey Dubinin shared his view …

Kiev avoids USD665 million payment as default concerns increase

Kiev avoids USD665 million payment as default concerns increase

(MENAFN) Ukraine will not make a scheduled $665 million payment to international creditors, its Finance Ministry announced on Friday. The payment, part of a larger $2.6 billion in GDP-linked securities, was due on June 2. This move comes after Kiev failed …

Russia Shares Peace Proposals as Talks Continue

Russia Shares Peace Proposals as Talks Continue

(MENAFN) Kremlin spokesperson Dmitry Peskov on Tuesday described the accords established between Russia and Ukraine during Monday’s discussions in Istanbul as “important,” while cautioning that a swift resolution to the ongoing hostilities remains …

Eurozone Unemployment Rate Dips to 6.2 Percent

Eurozone Unemployment Rate Dips to 6.2 Percent

(MENAFN) Unemployment across the eurozone declined to 6.2% in April, down from 6.3% the previous month, according to data released Tuesday by the EU's statistical agency, Eurostat. Figures showed that the number of unemployed individuals in the 20 …

Kiev assaults army airfields in five Russian zones

Kiev assaults army airfields in five Russian zones

(MENAFN) A wave of kamikaze drone attacks targeted military airfields across five Russian regions on Sunday, according to Russia’s Defense Ministry, which blamed Ukraine for the strikes. The ministry reported that while most of the attacks were repelled, …

Niger’s interim leader alleges France supplies weapons to extremists

Niger’s interim leader alleges France supplies weapons to extremists

(MENAFN) Niger’s interim leader, General Abdourahamane Tchiani, has accused Western nations, particularly France, of deliberately contributing to terrorist activity in the country in an effort to force unwanted political changes on its citizens. Speaking …

More than 150 murdered in devastating flooding in Nigeria

More than 150 murdered in devastating flooding in Nigeria

(MENAFN) Flooding in central Nigeria has claimed at least 153 lives, local officials confirmed on Saturday, with search-and-rescue operations still underway. Ibrahim Hussaini, head of the Niger State Emergency Management Agency (NSEMA), reported that the …

Zelensky, NATO Secretary General Hold Meeting in Lithuania

Zelensky, NATO Secretary General Hold Meeting in Lithuania

(MENAFN) On Monday, Ukrainian President Volodymyr Zelensky held a crucial meeting with NATO Secretary General Mark Rutte during the Bucharest Nine and Nordic Countries Summit in Vilnius, Lithuania. Following the encounter, Zelensky shared on Telegram that …

Germany Approves Arms Exports to Israel

Germany Approves Arms Exports to Israel

(MENAFN) Germany has confirmed that it authorized nearly EURO500 million in weapons sales to Israel since October 2023. Between October 7, 2023, and May 13, 2025, the German government issued export permits for military equipment destined for Israel, …

Turkish FM states Russia-Ukraine discussions went well

Turkish FM states Russia-Ukraine discussions went well

(MENAFN) The second stage of negotiations between Russia and Ukraine took place in Istanbul and, according to reports, unfolded in what was described as a "constructive atmosphere." Turkish Foreign Minister Hakan Fidan noted that both delegations built on …

Germany’s Auto Industry Outlook Plummets Amid Escalating U.S. Tariff Threats

Germany’s Auto Industry Outlook Plummets Amid Escalating U.S. Tariff Threats

(MENAFN) The business environment in Germany’s automotive sector is worsening as uncertainty intensifies over possible US tariffs, revealed fresh data Tuesday from Munich’s ifo Institute for Economic Research. The ifo Business Climate Index for the German …

Moscow claims Eurasian Economic Union won’t ever persecute its associates

Moscow claims Eurasian Economic Union won’t ever persecute its associates

(MENAFN) Russian Deputy Foreign Minister Aleksandr Pankin has emphasized that the Eurasian Economic Union (EAEU) is founded on fair and equal treatment of all its members, dismissing any notion of coercion within the bloc. The EAEU includes Russia, Belarus …

Russian senator labels Ukraine ‘terrorist enclave’ due to train explosion

Russian senator labels Ukraine ‘terrorist enclave’ due to train explosion

(MENAFN) Russian Senator Andrey Klishas has blamed Ukraine for the sabotage that destroyed a bridge in Russia’s Bryansk Region, causing a passenger train derailment that killed seven people and injured at least 66 others. The incident took place Saturday …

Ukraine awaits vicious period of war

Ukraine awaits vicious period of war

(MENAFN) Hungarian Prime Minister Viktor Orban has cautioned that the ongoing conflict in Ukraine could extend significantly in duration and become increasingly violent. He attributed this potential escalation to a growing separation between Western powers …

Ukrainian drone hits apartment neighborhood in Moscow

Ukrainian drone hits apartment neighborhood in Moscow

(MENAFN) Early Thursday morning, a Ukrainian drone targeted an apartment building in southwestern Moscow, as Kyiv escalates attacks on the Russian capital after the first direct talks between the two nations in three years. The drone struck the Mirax Park …

Annalena Baerbock gets selected as UN General Assembly

Annalena Baerbock gets selected as UN General Assembly

(MENAFN) According to recent reports, Annalena Baerbock, who previously served as Germany’s foreign minister, has been elected to preside over the 80th session of the United Nations General Assembly. The election, held via secret ballot, saw Baerbock …

Dutch Government Collapses as Far-Right PVV Quits Over Migration Rift

Dutch Government Collapses as Far-Right PVV Quits Over Migration Rift

(MENAFN) The Dutch government, led by Prime Minister Dick Schoof, disintegrated Tuesday after the far-right Party for Freedom (PVV) abruptly exited the ruling coalition amid a standoff over asylum and migration reforms. The coalition—comprising the …

China claims US breached trade truce

China claims US breached trade truce

(MENAFN) China’s Ministry of Commerce on Monday accused the United States of “seriously” breaching the recently negotiated trade truce, warning that Beijing will take firm measures to protect its interests if Washington continues to undermine the agreement …

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