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Monday, 12 May 2008

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Germany country news

Five years of profits came to an end for Germany’s biggest financial institution when Deutsche Bank AG reported its first quarterly net loss, blamed on... full story

Brussels Airlines sees Star Alliance link with Lufthansa

E.ON goes to the sea to build a wind farm

Next stop for Deutsche Bahn, … it looks like privitisation

Siemens wins 1.3 billion deal, fast tracks worker cuts

Get Smart, Daimler sees growth, but US troubles

The sub-prime hits keep on coming for Deutsche Bank

Deutsche Bank shares fall over global turbulence

Lufthansa makes shareholder payout for Swiss airline

Vattenfall and Siemens sign a wind energy deal

Political

Germany and Egypt move to get closer and to deal

Germany and Egypt are to set up a steering committee to forge closer relations, the Foreign Ministry in Berlin said, just as Egyptian President Hosny... full story

Merkel pushes the EU treaty on her first visit

Germany cancels plans to add ethanol to petrol

Steinmeier, Sikorski hold “honest talks”

Public sector workers give the okay to payv

Munich to provide aid for Olympia reforestation

Germany giving 500,000 Euro for UNICEF’s work in Nepal

Leader of NPD party is indicted for insult

Disappointment over Israel visit

Police use of phone data temporarily blocked

more political news...

Business

Orders fall and Siemens posts slump in quarterly earnings

German electronics giant Siemens AG said that its quarterly profit fell 67 percent in the wake of extra charges resulting from a review of its... full story

Even higher sales can’t keep SAP’s profits up this years

Flaps down, Lufthansa faces up to growing competition

Metro goes international and it pays off for them

VW reports earnings jump as deliveries hit a record

World crisis means no profit insurance, even for Allianz

Daimler takes a tumble too, eyes diesel maker

Luxury doesn’t equal big profits for BMW – yet

Linde, ArcelorMittal Galati seal Euro 100 mln supply deal

Power transmission line from FYROM under way

Economic

Slowing growth means fewer jobs, higher unemployment

German unemployment fell less than expected in April, new data has shown, amid signs of slowing growth in Europe’s biggest economy. Seasonally adjusted unemployment edged... full story

Danger looms when investing in foreign plants too fast

Chinese companies steal billions in engineering secrets

US biggest aid donor, but Germany closing fast

Slowing growth and falling unemployment don’t add up

Consumer confidence up despite worries

Lithuania wants to sink the Nord Stream gas pipeline

Exports expected to slow down in 2008

Factory orders fall

Chemical sector slowdown

more business news...

more economic news...

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Forget politics; what Russia and the EU need is a shared economic space

Bylines & Interviews

Russia’s Energy Build: Leverage, not Threats
By Chris Weafer, Chief strategist at UralSib Bank in Moscow

Azerbaijan creates alternatives, not competition
interview with Heydar Babayev, Azerbaijan’s Minister of Economic Development

Obama rises above racial politics in the United States
By Ray Bawarch, US-based author of the novel, “The Dirt People”

Towards a reform of the World Trade Organization
By MEP Prof. Dr. Georgios Papastamkos

IMF foresaw US mortgage crisis
By Lorenzo Bini Smaghi, ECB executive board member

IMF should ration loan conditions
By Alex Wilks, Eurodad coordinator, director Brussels office

Triple crisis, few solutions
By Peter Chowla, IMF specialist

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