February 9, 2012
Published: 17 May 08 13:18 CET
Online: http://www.thelocal.de/money/20080517-11931.html
Car manufacturer Porsche plans to generate 2100 new jobs over the next year at its factories in Germany, with the manufacture of its new Sport-Coupe Panamera model.
DDP/The Local (news@thelocal.de)
German exports topped €1 trillion for the first time in 2011, but fell at year-end as the eurozone debt crisis hit demand for goods made in Germany, official data showed on Wednesday. READ (4 COMMENTS) »
German carmaker Opel was left to prepare for the worst on Tuesday as its US parent company General Motors announced “horrendous” fourth quarter losses and warned of factory closures at its ailing European unit. READ (8 COMMENTS) »
Some 22,000 Jewish people confined to ghettos under the Nazis during World War II are entitled to smaller pension payments than they initially claimed, a German federal court ruled Tuesday. READ (3 COMMENTS) »
Germany, the eurozone's biggest economy, saw the release of further favourable economic data on Monday with industrial orders in December partly reversing steep falls seen the previous month. READ »
Ernst Uhrlau, former head of Germany’s foreign intelligence agency the BND, has been on the payroll of Germany’s biggest bank since the start of February, just two months after his retirement. READ (2 COMMENTS) »
China's Premier Wen Jiabao said a stable Europe was key to stability at home, in comments published Sunday, at the end of a week that saw Germany's chancellor visit Beijing. READ (8 COMMENTS) »
As German Chancellor Angela Merkel wrapped up her visit to China on Friday, the Asian giant’s leaders promised they had no intention to "buy Europe," amid concerns over growing Chinese investment in debt-stricken eurozone economies. READ (6 COMMENTS) »
Deutsche Bank, Germany's biggest bank reported Thursday a bigger-than-expected drop in earnings at the end of last year as the eurozone sovereign debt crisis hurt business. READ »
Munich Re, the world's biggest reinsurer, said Thursday that profits plummeted last year due to heavy losses from both the eurozone debt crisis and a string of natural catastrophes. READ »
Trendy German soft drink maker Bionade could lose its cult cachet after being bought out by un-hip food giant Dr Oetker, a firm best known for cake mixes and frozen pizzas. READ (1 COMMENT) »
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