Daily Briefing 30.10.2026, 15:44 (CET)

Audi profits plunge as US tariffs and China slump take heavy toll

Audi's third-quarter net profit plunged 87% year-on-year to €95 million ($106 million), the Volkswagen subsidiary said on Friday.

German President urges China's Xi to reduce trade surplus

German President Frank-Walter Steinmeier has urged Chinese leader Xi Jinping to seek a reduction in the high foreign trade deficit with his country during a meeting on Friday, the last day ...

German inflation falls to 2.8% in October

Germany's inflation rate fell sharply in October as renewed fuel tax relief helped ease the burden on consumers, according to preliminary figures released by the Federal Statistical Office ...

Merz visits Korean border, hopes two sides can reunify like Germany

German Chancellor Friedrich Merz recalled Germany's reunification 36 years ago during a visit to the inter-Korean border on Friday, saying he hoped Korea would one day also reunify.

Court overturns acquittal of soldier who refused Covid jab

More than four years after a German army officer was charged for repeatedly refusing a vaccination against Covid-19, the Bavarian Higher Regional Court on Friday overturned the defendant's ...

German wine exports hold steady despite global consumption slump

German wine exports remained broadly stable in the first half of 2026 despite a global decline in wine consumption, although revenue fell slightly, the German Wine Institute (DWI) said.

Berlin defends EU curbs on Chinese hybrid cars

The German-French initiative to strengthen the European car industry serves only as protection against "a certain country," a senior official at the German Economy Ministry said at a confer...

Zverev to become new world number one in tennis

Alexander Zverev is set to become the new world number one in tennis on Monday. 

German president calls for stronger global cooperation in Beijing

German President Frank-Walter Steinmeier has called on China to work with Germany to strengthen the rules-based international order, promote peace and defend free global trade.

Volkswagen posts €5.8 billion loss on Porsche write-down, China woes

Volkswagen recorded a net loss of €5.82 billion ($6.48 billion) in the third quarter as a multibillion-euro impairment at its luxury sports car subsidiary Porsche, weak business in China an...