
Ifo Institute Warns of German Recession Risk Amid U.S. Auto Tariff Hike
Germany risks recession in 2026 if the EU retaliates against U.S. auto tariffs, warns Munich's ifo Institute amid escalating trade tensions.

Germany risks recession in 2026 if the EU retaliates against U.S. auto tariffs, warns Munich's ifo Institute amid escalating trade tensions.

The Pentagon orders a reduction of 5,000 US troops from Germany within a year, reflecting strategic shifts in American military posture in Europe amid transatlantic tensions.

Russian forces launched coordinated drone strikes overnight on multiple Ukrainian regions, targeting energy infrastructure and residential buildings with significant civilian casualties reported.

The US notifies European allies of significant arms shipment delays as it prioritizes replenishing military stockpiles depleted by conflict with Iran, impacting NATO partners and Ukraine.

The EU and Mercosur initiate a provisional free trade agreement, presenting growth opportunities and regulatory challenges for European industries, especially in Germany.

Italy and Germany urge adherence to international law following Israel's interception of a humanitarian aid flotilla bound for Gaza, highlighting complex geopolitical and legal challenges.

Oxfam reports a 56% rise in CEO pay among Germany’s DAX 40 companies since 2019, while average worker wages remain below pre-pandemic levels, intensifying income inequality.

Uzbekistan’s Central Bank retains its 14% key rate due to persistent food inflation and external economic risks despite a general decline in inflation.

Uzbekistan’s suspension of gold exports since September 2025 has led to a nearly 30% drop in exports, reshaping trade dynamics and impacting corporate strategies.

Uzbek payment firms Paynet, Payme, and Click report varied profit growth in Q1 2026, with Paynet leading due to a one-time dividend inflow following its Humo acquisition.

Uzbekistan's urban divorce rates have risen sharply, with one in three marriages ending in separation, signaling significant demographic and economic challenges ahead.

The UK has withdrawn accreditation of a Russian diplomat in response to Moscow's expulsion of a British diplomat accused of espionage, escalating bilateral diplomatic tensions.