Germany

Der Spiegel reported Tuesday that Germany will send Leopard 2 tanks to Ukraine to aid the country in its battle against Russia. The tanks would help modernize Ukraine’s defense against Russian troops. Why Are These Tanks Special? The Leopard 2 tanks were originally designed and developed...

The Tesla Inc (NASDAQ: TSLA) Model S Plaid is one of the most powerful production vehicles on the road with a 0 to 60 time of 1.99 seconds, 1,020 horsepower and a peak of 1,050 pound-feet of torque in Drag Strip Mode. When testing the power of a dyno machine, a group in Germany...

Tesla Inc (NASDAQ: TSLA) is facing allegations from the largest union in Germany over staff working conditions. What Happened: The Elon Musk-led automaker’s workers are in regular contact with IG Metall, a metalworkers’ union in Germany. The union said that a growing number of...

Due to the Russia-Ukraine war, Europe was witnessing surging electricity prices, making some electric vehicles more expensive than combustion engines. In some cases, the cost difference between driving both types of cars 100 miles had become negligible. According to economists, a higher price...

After former U.S President Donald Trump announced his bid to contest the 2024 presidential election, German Chancellor Olaf Scholz said he was not very impressed by it.  What Happened: Scholz said Trump’s announcement was not impressive because it took place after the midterm elections in the...

The German government blocked potential Chinese investment in two domestic chipmaking companies over national security concerns and the flow of sensitive technological know-how to Beijing.  What Happened: Germany on Wednesday had vetoed the takeover of the chip factory of Elmos by Chinese...

While Tesla Inc's (NASDAQ: TSLA) third-quarter deliveries may have been below Wall Street expectations, the company still set a record with 343,830 vehicles delivered to customers in the quarter. And with those record deliveries come some new accomplishments for the company...

Tesla Inc (NASDAQ: TSLA) rival Nio Inc (NYSE: NIO) is eyeing a share of Europe's electric vehicle market by introducing battery leasing and swapping networks to cut costs for its customers. What Happened: The Chinese electric vehicle maker is planning to build 1,000 battery swapping stations...

The cost of wholesale European gas has increased by 572% this year to 276.23 euros per megawatt-hour, or approximately $274.70. Analysts predict that price increases will continue as winter approaches, fueling inflationary fears as Europe battles to cope with Russia's interruption of natural...

Germany has been reeling under the carpet since the beginning of the Russia-Ukraine and the cut down on the gas supplies has come as another major blow to its delicate economy.  Last week Germany’s Commerzbank said that Russian cuts in natural gas supplies could trigger “a...

A Tesla Supercharger may have upped the game for charging stations by providing a place for those waiting to jump in a pool. Here’s how one country is stepping up the game of providing advanced amenities at Tesla Supercharger locations. What Happened: A Tesla Supercharger station in Hilden,...

European Union member state Germany is "on the brink of a recession" as the country's business confidence has slumped to its lowest level since June 2020. What Happened: The Business Climate Index monitored by a Munich-based think tank, Ifo Institute, fell to 88.6 in July, with the...

The German government agreed on Friday to bail out Uniper Energy (OTC: UNPRF), the country's largest importer of gas and one of the largest utility companies in Europe. What Happened: Due to the Russia-Ukraine War, oil supplies have been tight and expensive for the European Union. The Kremlin...

European nations and governments are awaiting the end of scheduled maintenance of the Nord Stream pipeline on Thursday, as many are anticipating the return of gas from Russia. The Problem: Prior to the scheduled maintenance, Russia had cut deliveries by 40%, and many European nations are not...

After breaching parity last week for the first time in twenty years, the downtrend in the EUR/USD pair has taken a pause but is still hovering around the lows ahead of a crucial Thursday when the gas flow from the Nord Stream pipe to Germany from Russia is supposed to resume. The event is also...