Business & Money
Photo: DPA

Deutsche Bahn to seal huge rail deal with Qatar

German rail operator Deutsche Bahn is set to sign a contract worth "billions of euros" to build railways in Qatar and Bahrain, a spokesman for Deutsche Bahn told AFP on Friday. READ »

German workers huddle as a new gas line is laid in the Elbe river. Photo: DPA

New climate change goals to cost Germany €310 billion

Germany's ambitious plans to fight climate change will cost Europe's largest economy €310 billion, Manager Magazin reported on Friday. READ (23 COMMENTS) »

Photo: DPA

VW board approves Porsche takeover

Volkswagen, Europe's biggest carmaker, said on Friday that its supervisory board had cleared the way for its planned takeover of Porsche. READ »

Photo: DPA

Axel Springer buys stake in Turkish media group

German media giant Axel Springer said on Thursday it had agreed to buy a 29-percent stake in Turkey's biggest independent media group Dogan for €161 million ($239 million). READ »

Photo: DPA

Berlin guns for top ECB job amid EU wrangling

Conspicuously absent in the debate over two big-hitting EU posts up for grabs on Thursday, heavyweight Germany has aroused suspicions that it wants another job – president of the European Central Bank. READ »

Photo: DPA

Utilities hiking power prices

Two German utilities – Vattenfall and EWE – announced on Wednesday they would dramatically raise electricity prices for their customers starting next year, blaming the higher cost of renewable energy. READ (10 COMMENTS) »

Photo: DPA

Fraud scam sparks growing recall of German credit cards

A massive fraud ring in Spain has sparked a growing recall of German credit cards, with customers of nearly all banks in the country affected. Some 100,000 cards been affected so far. READ (1 COMMENT) »

Léo Apotheker, CEO of SAP. Photo: DPA

SAP boss predicts ‘wave of growth’

With an eye towards possible acquisitions, Europe’s biggest software firm SAP is on the verge of a substantial “wave of growth,” company CEO Léo Apotheker said on Tuesday in Berlin. READ »

Photo: DPA

Lufthansa aims to mimic budget carriers

Germany’s top airline Lufthansa said on Tuesday it plans to boost efficiency on its European routes by copying low-cost carriers offering less space and service. READ (3 COMMENTS) »

Photo: DPA

Lufthansa credit cards hit by fraud fears

Thousands of Lufthansa “Miles & More” credit cards have been frozen because of fears they were vulnerable to a major fraud ring in Spain, the airline announced Monday. READ »

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