Chancellor Olaf Scholz on Friday laid out his vision to secure the future of Germany's ailing economy at a campaign event in the historic home base of the crisis-hit auto titan Volkswagen. The embattled chancellor,

The heads of a number of German companies announced their intention to oppose the policies of Economy Minister Robert Habeck and German Chancellor Olaf Scholz with a demand to take measures to restore the country's economy.

Olaf Scholz became German chancellor with a pledge to modernise and jolt Europe’s largest economy from its paralysis. But just two months after taking office, Russia’s full-scale invasion of Ukraine in February 2022 ripped the Social Democrat’s plans apart and strained his coalition with the Greens and the Liberals.

BERLIN (AP) — The German economy shrank for the second straight year in 2024 as worried consumers held back on spending and Chinese competition ate into the country's traditional exports of cars and industrial machinery.

German Chancellor Olaf Scholz said he was staying "cool" in comments published by the German magazine Stern, after critical personal comments made by Elon Musk last year. Musk came under fire for backing the Alternative for Germany (AfD) in an opinion piece in a German newspaper in December.

Musk earlier called Scholz an "incompetent fool" and signaled his support for Germany's anti-immigration AfD party.