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German business confidence up unexpectedly in May Ifo
FRANKFURT (AFP) - German business confidence rose unexpectedly in May, data showed on Friday, as businesses in Europe's top economy express satisfaction with their situation and become more optimistic about the future.The Ifo economic institute's closely watched business climate index rose to 105.7 points in May from 104.4 points in April. Analysts had been expecting an unchanged ...
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German consumers keep recession at bay
Buoyant consumer confidence and increased household spending is keeping Germany, Europe's biggest economy, from recession, despite sagging exports and falling investment, data showed on ...
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Ten German body parts
The German language has some rather colourful terms for describing parts of the human body. Turn to The Local List this week for a few anatomical ...
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Germany Skirts Recession In Q1 As Consumer Spending Recovers
economy thwart recession in the first quarter of 2013, detailed data from the Federal Statistical Office revealed Friday. However, the continued fall in firms' fixed asset investment and extreme weather conditions stifled the recovery. Nonetheless, the economy is likely to get further boost from consumers with market research group GfK predicting further improvement in consumer confidence ...
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Berlin Olympic Stadium to Host Champions League Final in 2015
London, May 24 (Prensa Latina) The Olympic stadium in Berlin will host the final game of the Champions League in 2015, announced the executive of the Union of European Soccer Associations (UEFA). The facility, built by the Nazi government for the Olympic Games of 1936, has seating capacity for 74,064 spectators. In 2006 it hosted the final of the Soccer World Cup won by Italy, and since 1985 has ...
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ISSF Rifle and Pistol World Cup 2013 in Munich Germany 25-29 May
Sports News: The historical shooting venue of Munich is going to be crowded, in the following days. Over 700 athletes coming from 78 countries registered to take part in the 10 Olympic events of Rifle and Pistol shooting, to be conducted from the 25th to the 29th of May. An impressing overall number of 1205 starts were ...
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Ban fracking to keep beer pure German brewers bellow
German brewers have called on Chancellor Angela Merkel’s government to block the tapping of shale gas by means of hydraulic fracturing, citing concerns that so-called fracking could taint the purity of the country’s ...
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Germanys moment beckons at Wembley
Wembley Stadium after both got the better of Spanish opposition in the last four, beating Liga heavyweights Barcelona and Real Madrid respectively. Saturday's showpiece will be the fifth meeting this season between the sides, and the two former winners could hardly know each other better. It will also be the fourth time clubs from the same country have disputed the final, and all the ...
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German Ifo Sentiment Rises for First Time Since February
German business confidence increased in May for the first time in three months, adding to signs that growth in Europe's largest economy is gathering pace. The Ifo ...
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German business morale rises more than expected in May
BERLIN | Fri May 24, 2013 4:10am EDT BERLIN May 24 (Reuters) - German business morale rose far more than expected in May, rebounding after two consecutive falls and suggesting Europe's largest economy is picking up steam after posting anaemic growth in the first quarter. The Munich-based Ifo think tank said on Friday its business climate index, based on a monthly survey of some ...
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Household spending saves Germany from recession data
An increase in spending by consumers and households offset sagging exports and falling investment in Germany in the first quarter, allowing Europe's biggest economy to narrowly avoid recession, official data showed Friday.The federal statistics office Destatis calculated in final data that Germany's gross domestic product (GDP) grew by 0.1 percent in the period from January to March ...
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Germany must curb runaway retail prices for sake of green power -IEA
Fri May 24, 2013 4:00am EDT * Power price rise may hit consumer support for green energy * IEA says investors must be given stable policy framework * IEA criticises German go-it alone approach By Vera Eckert FRANKFURT, May 24 (Reuters) - Germany must rein in runaway retail prices for electricity or risk a consumer backlash that could undermine support for a massive shift toward green energy, the ...
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Europe Markets Europe stocks recoup ahead of German Ifo data
LONDON (MarketWatch) -- European stock markets climbed on Friday, partly recovering from a sharp selloff the prior day, with investors awaiting a reading on German business confidence to gauge if the region's powerhouse is gaining ...
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Survey German consumer confidence rises strongly
BERLIN (AP) -- A survey is showing a significant rise in German consumer confidence as people's expectations for the economy and for their own income ...
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Private consumption helps Germany to meagre growth in first-quarter
Berlin (Reuters) - Private consumption helped Germany eke out meagre economic growth of 0.1 in the first quarter of the year, compensating for declines in exports and investment in Europe's largest economy, data showed on Friday. The ...
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British police knew about London hacking death suspects
British law enforcement was under fire Friday after conceding it knew for almost a decade about the two men who allegedly butchered a British soldier. Prime ...
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Lis visit to elevate Chinas ties with Germany Europe
/enpproperty--> BERLIN - Chinese Premier Li Keqiang's upcoming visit to Germany will further cooperation and strategic partnership between the two nations, according to China's ambassador in Berlin. The fact that Germany, the last stop of Li's maiden overseas tour as premier, is the only European Union (EU) member included on the itinerary evinces the great importance that ...
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German Consumer Sentiment to Reach 5-Year High in June GfK Says
consumer confidence will jump to the highest in more than 5 1/2 years in June as low unemployment and receding inflation encourage households to spend, GfK AG said. The market research company forecast today that ...
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German First-Quarter Growth Damped by Construction Investment
The German economy's return to growth in the first quarter was hampered by declines in construction activity and investment as a severe winter and a recession ...
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German consumers more likely to spend - GfK
Fri May 24, 2013 2:00am EDT * Index reaches 6.5 in June, highest since Sept 2007 * Income expectations gain amid industry's hefty wage deal * ECB seen behind historic low propensity to save money By Christiaan Hetzner BERLIN, May 24 (Reuters) - Higher real wages have German consumers feeling more inclined to spend than at any point since the U.S. subprime crisis, further boosting German ...
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Berlin Home Rent Index Increased 3.1 Annually in 2011 and 2012
Berlin Mietspiegel, the benchmark residential rent index for the German capital, showed that rates rose 3.1 percent a year in 2011 and 2012, a slower gain than the previous two-year period. The index, published today by ...
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Robben hails dominant Germany
Bayern Munich star Arjen Robben has lauded the quality of German football as his team prepares for the UEFA Champions League final.Bayern will face Bundesliga rivals Borussia Dortmund on Saturday in European football's biggest club match, the first time two German sides have made the final of the tournament.Robben said the all-German Champions League final was a reflection of how far the ...
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Column German domination of football Not quite
View Photo FILE - In this Jan. 25, 2013 file photo Dortmund's Mario Goetze challenges for the ball during the German first division Bundesliga soccer match between ...
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German Social Democrats Celebrate Anniversary
LEIPZIG, Germany ...
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President Peres held a diplomatic working meeting with German Foreign Minister Dr. Guido Westerwelle
President Peres held a diplomatic working meeting with German Foreign Minister Dr. Guido Westerwelle President Shimon Peres, this afternoon (Friday, 17 May 2013), at his Jerusalem residence, held a diplomatic working meeting with German Foreign Minister Dr. Guido Westerwelle. Two discussed the major issues of the day, first and foremost the Iranian nuclear threat and efforts to renew ...
Germany Digest
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Germany has leading role to play in climate change talks
Germany and Mexico co-hosted a global summit on climate change and some significant headway was made, but as the German Environment Minister pointed out, the most important issues remain unresolved. Germany is the regional power in Europe and just as it has played a leading role in dealing with the EU’s financial crisis, it will play a leading role in resolving climate change issues as well.
Environment Minister Norbert Roettgen, commenting on the outcome of the 40-nation summit, told Germany news media that it had been “a contribution to making success possible again”, adding that the importance of the summit’s outcomes were significant because it laid the groundwork or foundation for further agreements on the most important issues. Read more
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