Insolvencies increase in Germany as energy crisis bites

BERLIN, Sept. 12 (Xinhua) -- The number of business insolvencies in Germany rose by 6.6 percent in August month-on-month, according to preliminary figures published by the Federal Statistical Office (Destatis) on Monday.

In July, insolvencies had still fallen by 4.2 percent month-on-month. In the first half of the year, business insolvencies in Europe's largest economy declined 4.0 percent, while private insolve