German Chancellor Olaf Scholz expects rapid progress in coalition talks to address the financial crisis caused by a court ruling, which has left a 17-billion-euro hole in the 2024 budget. The crisis has stung an already weak German economy, with industrial orders falling unexpectedly in October, highlighting the ongoing manufacturing slump in Europe's largest economy. This has led to concerns about the impact on German companies and their production capabilities, including the risk of dampening chipmaking ambitions. Additionally, the US economy is also facing challenges, with factory orders falling 3.6% in October, signaling a warning sign for the economy.
German companies face production cutbacks as manufacturing orders experience sharp decline https://t.co/H7h290FQkn https://t.co/CrIO6oeruC
German factory orders -3.7% vs est 0.2% Feels like a slowdown to me...
German coalition parties at loggerheads as budget crisis grows https://t.co/nYHInf1Wkx https://t.co/OWPOIfrkOn
German industrial orders fall unexpectedly in October - Reuters https://t.co/k7rG6nD2yd
π©πͺ German coalition parties at loggerheads as budget crisis grows Germany's coalition partners will step up efforts on Wednesday to find a way to plug a 17-billion-euro ($18.3 billion) hole in next year's budget after failing to resolve the crisis overnight, increasingβ¦ https://t.co/oE7XTeSqqi
Scholz Coalition Still Seeking Agreement on Revised 2024 Budget https://t.co/dUBhroRucq
German industrial orders fall unexpectedly in October https://t.co/zoLEOnyWHd https://t.co/kEOoY5KGbw
Scholz Coalition Still Seeking Agreement on Revised 2024 Budget https://t.co/CuEhIAroSp
Scholz Coalition Still Seeking Agreement on Revised 2024 Budget https://t.co/f4yQdorb6T
German factory orders unexpectedly fell in October, highlighting how manufacturing in Europeβs largest economy remains stuck in a rut https://t.co/5cY0I0y85N
*GERMANY OCT. FACTORY ORDERS FALL 3.7% M/M; EST. +0.2%
π΄ GERMAN INDUSTRIAL ORDERS MOM ACTUAL -3.7% (FORECAST 0.2%, PREVIOUS 0.2%) $MACRO
US manufacturing slowdown long but shallow https://t.co/WIKFmi1heK https://t.co/HF2pol936B
US Factory Orders Suffer Biggest Drop in 3.5 Years in Warning Sign for Economy https://t.co/ySWR3XufYz
Germanyβs budget woes risk dampening its chipmaking ambitions https://t.co/ocIbEPwHHR
US factory orders fall 3.6% in October https://t.co/Syfy9iFtZr https://t.co/UaSNSNpHZn
German budget crisis 'stings' already weak economy -ZEW president https://t.co/k9Zq1L5cBR https://t.co/ao8KalkJEJ
Chancellor Olaf Scholz said he expects rapid progress in coalition talks on how to plug the hole left in next yearβs budget by a court ruling that threw Germanyβs financial planning into disarray. https://t.co/rvY4kVn4El
Chancellor Olaf Scholz said he expects rapid progress in coalition talks on how to plug the hole left in next yearβs budget by a court ruling that threw Germanyβs financial planning into disarray. https://t.co/JZLIBm5ri4
β οΈ GERMANY'S SCHOLZ EXPECTS COALITION TO SWIFTLY AGREE DEAL ON 2024 BUDGET German Chancellor Olaf Scholz said on Monday he expected his coalition government to swiftly come to an agreement on the 2024 budget after a constitutional court ruling derailed its financial plans. https://t.co/lfJhpuOtLJ
German companies cut investment plans as economic gloom deepens https://t.co/eu320TynLZ