The Latest Breaking News from Economy Ministry

The German Economy Ministry has asked the country's domestic intelligence agency BfV to look into two senior ministry officials over concerns about their possible ties to Russia, Die Zeit weekly reported on Wednesday.

German exports of military equipment have surged so far this year as Berlin supplies arms to Ukraine to help it defend itself against Russia's attack, the Economy Ministry said on Wednesday.

Brazil's government projected a lower primary budget deficit this year, official figures showed on Friday, with a booming tax collection helping to improve the short-term fiscal balance.

Israel's cabinet approved issuing 3,500 additional permits for Palestinian workers in Israel's manufacturing and services sectors, increasing the number to 12,000 to help relieve a shortage of skilled staff, the Economy Ministry said on Sunday. Workers from the West Bank and Gaza Strip, territories which Israel captured in the 1967…

Israel's cabinet approved issuing 3,500 additional permits for Palestinian workers in Israel's manufacturing and services sectors, increasing the number to 12,000 to help relieve a shortage of skilled staff, the Economy Ministry said on Sunday.

Germany, the world's fifth-largest arms exporter, plans to revise its rules on arms exports to make it easier to arm democracies like Ukraine and harder to sell weapons to autocracies, Der Spiegel reported on Friday.

Investigators from Brazil's electoral courts have given the Economy Ministry 10 days to explain a huge tax cut on industrial goods such as televisions and refrigerators over concerns about its legality and impact on the October election.

European energy firms can open special accounts with Gazprombank to pay for Russian gas, a key demand by Moscow, without breaching sanctions if transferring euros or dollars to them fulfils their contractual obligations, the German Economy Ministry said.

Germany would face a sharp recession if gas supplies from Russia are suddenly cut off, the country’s leading economic institutes said yesterday, and the government said the war in Ukraine poses “substantial risks” for Europe’s largest economy.

Israel and the United Arab Emirates have concluded negotiations for a free trade agreement, Israel's Economy Ministry and the UAE foreign trade minister said on Friday after formally establishing ties in 2020.

Brazil's Economy Ministry is evaluating a temporary increase of the government's Auxilio Brasil welfare program to help people deal with economic impacts stemming from Russia's invasion of Ukraine, two officials told Reuters on Monday.