Latest Germany News
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Poland Germany probe Nazi-led unit commander
WARSAW, Poland (AP) -- Prosecutors in Poland and Germany said Tuesday they are reviewing files on a Minnesota man who was a commander of a Nazi-led unit to see if they have enough evidence to press charges and request his extradition from the United ...
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Qatar bails out Germanys Solarworld
BERLIN (AFP) - German solar panel manufacturer Solarworld announced Tuesday a capital injection by Qatar, a move which will save the company from bankruptcy as the German sector struggles against Asian competition.Solarworld said in a stock exchange statement that it had agreed several measures with its biggest creditors, including the injection by Qatar Solar in return for a 29-percent stake in ...
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German investor confidence on the up
German investor sentiment rose slightly in June, on firming hopes for a gradual recovery in Europe's biggest economy in the second half of the year, the ZEW economic institute said on ...
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Deutsche Bahn to Suspend Operations in Corruption-Ridden Countries
German railway company Deutsche Bahn, DB, is suspending operations in a number of countries with high levels of corruption. Suddeutsche Zeitung reported on Tuesday that DB was withdrawing from Greece, Algeria, Libya, Rwanda and Thailand due to the corruption risk. The decision of the German railway giant was explained with findings of the prosecuting authority in Frankfurt that that DB ...
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German investor sentiment up on expectation of timid recovery ZEW
German investor sentiment rose slightly in June on firming hopes for a gradual recovery in Europe's biggest economy in the second half of the year, the ZEW economic institute said on Tuesday.Its closely watched index rose 2.1 points from May to 38.5. This was better than expected by analysts questioned by Dow Jones Newswires, who had forecast an index of 38.1."The financial market ...
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Sprechen Sie Deutsch Merkel wants more German spoken in EU
BERLIN (Reuters) - Angela Merkel's conservatives want to increase the use of German in Europe if they are re-elected in September, calling in their campaign programme for the language to be treated on a par with English and French in top Brussels ...
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Yulia Tymoshenko may be sent to Germany this autumn
Eugenia Tymoshenko, daughter of the jailed Ukrainian former PM and opposition leader Yulia Tymoshenko, addresses supporters in front of a screen displaying her mother on 15 June. Photograph: Valentyn ...
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Adidas sets new football sales goal in World Cup year
in a football World Cup year.Adidas and Nike dominate a market for football kit - replica shirts, balls and boots - estimated to be worth around 5 billion euros (4.2 billion pounds) annually."It is a battle between us and Nike, not only in Brazil but the whole football world," Adidas CEO Herbert Hainer told reporters at a news conference at the company's headquarters in southern ...
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New ferry boat line to link Russia Latvia and Germany
RIGA, June 18 (Itar-Tass) - A new ferry boat line will link Russia, Latvia and Germany, a member of the board of Terrabalt company, Aris Ozolins, told Latvia’s Rietumu Radio on Tuesday. Latvia’s LSEZ Terrabalt SIA that services ferry boat lines in the port of Liepaja will launch this ferry boat line together with Alfastar ferry boat operator. The ferry boats will run between ...
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Germany pushes for weaker EU emissions law
Brussels - Senior members of the German government have warned EU member states that German automakers could scale back or scrap production plans in their countries unless they support weakened carbon emissions rules, according to diplomatic ...
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Kabel Deutschland Sale Will Not Improve German Broadband Speeds
bidding to acquire German cable operator Kabel Deutschland . Welcomed as sector consolidation at EU-level, the deal would do little to spark much needed broadband investment as the acquirer would access existing broadband infrastructure that requires little to no upgrades. Germany aims to reach at least 50 M/bits broadband speed in all 40 million households by 2018. This target goes beyond the ...
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Fitch Affirms Retail Consumer CP Germany 2011-1
Fitch: Spanish Floor Clause Ruling May Reduce Excess Spread A recent Spanish Supreme Court ruling could cause lenders to stop applying floor clauses that set minimum interest rates in mortgage contracts, and so reduce excess spread in Spanish RMBS transactions, Fitch Ratings says. The presence of interest rate floors in mortgage contracts has bolstered excess spread during the recent period of ...
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UPDATE 1-Banks hired for inaugural German Federal-regional bond
Tue Jun 18, 2013 10:34am EDT (Adds background, bank quote) By John Geddie LONDON, June 18 (IFR) - Five banks have been hired on Tuesday to manage the first ever joint bond issue between the German Federal Republic and its regions, with the deal expected to come to market as early as next week. The Bund-Laender-Anleihe bond, or so-called Deutschland-Bond, has been mandated to Barclays, ...
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Storms to replace heat wave by Thursday
Germany might be in the throws of a flash heat wave, but don't ditch jumpers and socks just yet - storms, hail and heavy rain are on their way, national weather service the DWD said on ...
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Probe after abuse claims at private kids homes
German authorities are investigating allegations of serious and systematic abuse at privately run homes for troubled children. Politicians are calling for the children to be removed but the firm denies any ...
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Shares in Germanys biggest cable company rise after Liberty Global enters takeover battle
BERLIN -- Shares in Germany's biggest cable operator are up after Kabel Deutschland received a preliminary takeover proposal from U.S. firm Liberty Global. Kabel Deutschland confirmed Liberty Global PLC's approach Tuesday, only days after British rival Vodafone PLC said it was also in early takeover talks with the company. London-listed Liberty Global -- a cable TV and Internet ...
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New Issue-Deutsche Bahn prices 275 mln SFR 2023 bond
June 18 | Tue Jun 18, 2013 9:34am EDT June 18 (Reuters) -Following are terms and conditions of a bond priced on Tuesday. Borrower Deutsche Bahn Finance BV Issue Amount 275 million Swiss ...
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British clean-up begins on rescued German WWII bomber
British experts began on Tuesday an 18-month task of cleaning the barnacles, silt and seaweed from a rare World War II German bomber plane rescued after more than 70 years on the sea bed.The wreck of the Dornier Do-17 plane was slowly raised to the surface at Goodwin Sands, off the southeast coast of England, on June 10.The twin-engine aircraft is believed to be the only Dornier Do-17 left from ...
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€1trn bombshell for European taxpayers
Six years after the outbreak of the crisis, "more than €1trn of dubious or illiquid assets remain in "bad banks". For example, at the end of March 2013, ...
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US presidents and Berlin
10/04/2013 19:25 CET Berlin has been getting ready for Obama. The second-term US president will give a speech in the symbolic city on Wednesday. Barack Obama is still popular with Berliners, but not with the same rapture as in 2008, before his historic first entry into the White House. Then, Obama said: ';This city, of all cities, knows the dream of freedom.'; Berlin has been ...
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US presidents and Berlin
10/04/2013 19:25 CET Berlin has been getting ready for Obama. The second-term US president will give a speech in the symbolic city on Wednesday. Barack Obama is still popular with Berliners, but not with the same rapture as in 2008, before his historic first entry into the White House. Then, Obama said: ';This city, of all cities, knows the dream of freedom.'; Berlin has been ...
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Chelsea agree deal for Germany striker
Chelsea this afternoon confirmed the signing of Germany forward Andre Schurrle from Bayer Leverkusen, subject to a medical.The 22-year-old has long been a target for the Blues and becomes the first transfer since the appointment of new manager Jose Mourinho in what is reported to be an 18m deal.A statement on the club website, www.chelseafc.com, read: "Chelsea Football Club and Bayer 04 ...
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Air Berlin pilots mull work stoppage to push for higher pay
Pilots at Air Berlin, Europe's third-biggest discount carrier, plan a short-term strike sometime in coming days in a push for higher pay, arguing they are not the ones to blame for losses at the company. The carrier should make up for wages that lag behind the average at competitors by at least 10 per cent, Markus Germann, chief negotiator for the Vereinigung Cockpit pilots union, said. ...
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Attacking Obama shows European weakness
German outrage at the US President has peaked as Barack Obama is due in Berlin. But accusing him of Stasi methods over the surveillance scandal borders on defamation, argues Malte Lehming in political magazine ...
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Bombardier Signs Contract With Deutsche Bahn For Locomotives Worth $2 Bln
technology division Bombardier Transportation signed a frame agreement with Deutsche Bahn AG for delivery of upto 450 locomotives. The deal is worth 1.5 billion euros or $2 billion.In a separate release, Bombardier Aerospace said it secured orders for 12 Global 8000 Business Jets, valuded at $804 million at list prices. The announcement at the Paris Airshow, has not revealed the name of the ...
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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