Browsing Tag

germany

German Finance Head Advises US on Spending in Washington

TL/DR - Germany's finance minister, Christian Lindner, cautioned his coalition partners against following the US Inflation Reduction Act, arguing it has not been effective in controlling consumer prices in the US. He made these statements at an event in Washington, referring to domestic critics who urged him to relax restrictions on public…

European Manufacturing Requires New Tactics Against Biden’s IRA

TL/DR - Swiss solar-panel manufacturer, Meyer Burger Technology AG, is shifting its operations to the US after shutting down its factory in Germany, due to competition from cheaper Chinese alternatives. The company raised $220.5 million for the move and cited Europe's "massive competitive disadvantages". The US was chosen as the preferred…