Latest Germany News
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Germany Has Become the Cut-Rate Prostitution Capital of the World
Prostitution became legal in Germany in 2002, and the open sex trade has taken off in the years since. There are reportedly around 3,000 red-light establishments in the country, and 500 brothels in Berlin alone. It’s been estimated that more than one million men pay for sex in Germany every day. One of the classic arguments for legalizing prostitution is that recognizing and regulating ...
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Qatar comes to rescue of Germanys Solarworld
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 the troubled ...
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Merkels party has no plans to privatise Deutsche Bahn
BERLIN (Reuters) - Angela Merkel's conservatives have no plans to privatise Deutsche Bahn DBN.UL during Germany's next legislative period, according to their election programme, preferring to keep the national rail operator's units integrated and ...
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Barack Obama follows in footsteps of JFK with speech in Berlin
Barack Obama will make a keynote speech during his visit to Berlin almost 50 years after JFK declared: 'Ich bin ein Berliner.' Photograph: Jacquelyn ...
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Deutsche Securities buys Mahindra Forgings shares
Mahindra Forgings for Rs 4.11 crore through open market transactions. A total of 5,96,784 shares of Mahindra Forgings were purchased by Deutsche Securities, as per the bulk deal information available with the stock exchanges. The shares were bought at an average price of Rs 68.88 apiece, valuing the transaction at Rs 4.11 crore. Mahindra Forgings, which is part of leading business ...
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USGermany End Mass Surveillance
On Tuesday (18 June), the German chancellor and the US president will embrace each other. Eyes will be shining as both sides praise the German-American friendship. After all, this visit from Washington is an election campaign present for Angela Merkel, and the president can hope for symbolic pictures to build his own legend. At the same time, the two of them have an enormous quandary: Obama is ...
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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, ...
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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