Latest Germany News
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Germany seeks visible Kosovo-Serbia progress
Germany on Monday called for "visible" progress in implementing a landmark deal between Serbia and Kosovo before securing Berlin's backing for Belgrade's bid to join the European Union.Foreign Minister Guido Westerwelle hailed the April 19 EU-brokered agreement to normalise ties between Serbia and its former southern province as "historic" but said momentum needed ...
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Nuclear phase-out plan hits problems
Germany's energy transition project - in which nuclear power will be phased out and replaced with energy from renewable sources - is facing the challenges of cheap coal, unresolved energy storage and an out-of-date electricity ...
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German absconds to Malta on eve of child porn trial in USA
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Even Mighty Germany Looking Like a Mid-Table Laggard
There are no signs of a turnaround for the euro zone after six straight quarters of recession, and even once mighty Germany is struggling, according to the Royal Bank of Scotland's latest World Economy Barometer. "Germany is looking less like Bayern Munich and a bit more like a mid-table laggard," RBS economist Marcus Wright said, referring to Munich's soccer team which has ...
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Germany May Have Paid A Price For Its Financial Power
Germans had to finance bailouts for countries like Greece, and imposed austerity measures in return. Those who disapprove may have struck back. People across the continent and beyond watched the Eurovision song contest. The German entry finished near the bottom, with countries giving the Germans no points at ...
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UPI Thoroughbred Racing Roundup
There will be no Triple Crown winner again this year, but Orb's defeat in the Preakness Stakes does tee up an interesting summer of racing. Meanwhile, some other potential stars, including Last Gunfighter and Fiftyshadesofhay, emerged from the weekend of racing at Pimlico. Hong Kong horses ran off with both of Singapore's International Group 1 races, Farhh provided a bright spot for ...
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Ghaddafi thanks Germany Russia and China
Colonel Ghaddafi today in an interview thanked the governments of Germany, Russia and China for opposing a no-fly zone over Libya, promising new oil ...
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Fans flock to London for all-German CL final
With two Bundesliga clubs in the Champions League final, Bayern Munich and Borussia Dortmund supporters are rushing to London for this weekend's Wembley ...
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Hollande’s reform agenda plays to German interests
Franois Hollande knows that the widening Franco-German divide lies at the heart of the euro zone crisis. In a press conference on Thursday, the French president showed that he wants to find a way to work with German Chancellor Angela Merkel to take Europe forward. He suggested the creation of an "economic government" of the monetary union, while addressing a key German concern: Paris ...
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Islamist Terror WarningGerman police warn high-tech Islamist attack Europe News
Radical Islamist terror groups could use new, computer-based technology or even drones, the office, known in Germany as theBundeskriminalamt (Germany Federal Police)or BKA, said. "For western countries airlines and airports there is a credible threat that can manifest itself at any time in an attack," the BKA said in a confidential reported entitled "The situation in aviation ...
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Hummels may be fit to face Bayern Munich
Borussia Dortmund defender Mats Hummels has a realistic chance of playing in the Champions League final against Bayern Munich, according to the club's ...
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Germany set record straight against Ireland men
Not too many teams will beat Olympic champions Germany in their own back garden. But that is exactly what Ireland did. As part of Ireland's preparations for next month's World League semi-finals in Amsterdam, Irish coach Andrew Meredith decided to take his side to Germany to see how his young side would perform. And even Meredith couldn't have predicted a superb victory over the ...
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Li Keqiang makes India first stop on his foreign visit
China's official media, in its extensive coverage of Chinese Premier Li Keqiang's Indian visit, sought to play down the Asian neighbors' border disputes. Li, who made India the first stop on his first foreign tour since becoming the China's No. 2 leader, arrived in New Delhi Sunday on a three-day trip. The visit comes after last month's tense situation resulting from a ...
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Pricey Reichstag visitor centre scrapped
Visitors to Berlin's iconic Reichstag parliament building will continue to face long queues before they can enter through a temporary container, after politicians scrapped plans for an expensive underground visitor ...
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Germans blame Angela Merkel for poor Eurovision Song Contest performance
Germans lamented their unexpectedly poor showing at the Eurovision Song Contest, blaming Chancellor Angela Merkel's tough stance in the euro zone crisis for their failure to win any points from 34 of the 39 countries ...
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Cannes Germanys Studio 100 Launches Film Division
German children's television production/distribution company Studio 100 Media has launched a new film division, Studio 100 Film, which will focus on feature ...
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Towers Perrin pushes forward in Munich
Financial consultant Towers Perrin has built upon its pension related investment consulting business by forming a new European Investment Consulting Group based in Munich, Germany. Local business practice will be supported by the new centre of investment excellence, and will be lead by Nigel Cresswell, newly appointed principal at Towers Perrin. Cresswell was previously executive ...
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Deutsche Bank facing securities action – EXCLUSIVE
As pressure mounts to patch up the damage caused by the collapse of Lehman Brothers, it has emerged that a securities class action has been brought against European firm Deutsche Bank. Regarding the purchase and sale of residential mortgage backed securities, the case has just begun and is currently pending in New York. Thomas Dubbs, partner at US law firm Labaton Sucharow, has ...
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German institutional market opens up
The German institutional market is opening up to non-German players as investors acknowledge that there is excellent investment expertise outside of Germany, despite the fact that German banks and asset managers have a global reputation, according to Olivier Lebleu, managing director EMEA of MFS Investment Management ...
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Fidelity International Real Estate Business expands into Germany
Fidelity International’s Real Estate Business is planning to expand into the Continental European market with the opening of a dedicated Fidelity Real Estate Business office in Munich. The new office, which is currently going through its regulatory notifications, will provide a strategic base for Fidelity’s director of European Real Estate, Keith Sutton. From here he will ...
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Mercer penetrates German market
IMercer has boosted its presence in the German pensions space with the acquisition of local player Hofer Vorsorge-Management, one of Germany’s leading actuarial and retirement consulting firms. The acquisition, effective from 1 January 2008, has increased Mercer’s German employee base to more than 500 and expanded its reach to five additional offices in Berlin, Karlsruhe, ...
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G-REITs open up German market
The German Real Estate Investment Trust (REIT) is finally on the market, following the German President Horst Kohler’s signing of the G-REIT law at the end of May. The new law – which will apply retrospectively from 1 January 2007 – was ratified by the German parliament in March but was not binding until this final stage of the process was complete. It is expected to ...
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Friends Provident targets Germany
UK life and pensions provider Friends Provident has entered the German market as part of a long-term development of business in continental Europe. Aiming to bring innovation and flexibility to Germany, the company has partnered with distribution and service business, Financial Partners Business (fpb) AG, to launch the Friends Plan range of pensions, which can be used for personal and ...
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Germany prospering but unions suffering
FRANKFURT, Germany – Germanys top trade unionist, Michael Sommer, looked out on a May Day crowd of workers and told them that a proposed labor flexibility plan wouldnt create a single job. Ten years later, the plan is law. Joblessness is close to a two-decade low and employment has increased by more than 3 million. Its unions whose numbers are diminishing. As more and more employees ...
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France must tackle deficit Bundesbank chief
BERLIN -- France has a special responsibility as a eurozone heavyweight to take deficit reduction rules seriously, even though its budget deficit is above target, Bundesbank President Jens Weidmann said in an interview published on ...
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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