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German arm of Canada’s Maple Bank shut down
In September, German prosecutors searched offices and residences linked to Maple Bank in a probe of serious tax evasion and money laundering. Photo: DPA

German arm of Canada’s Maple Bank shut down
4 hours ago

The German financial sector watchdog, BaFin, said today it has shut down the German arm of Canadian lender Maple Bank until further notice due to looming over-indebtedness.

Norway's sovereign wealth fund hits out at VW leadership
"I don't think that anyone genuinely believes that the family wants to change anything about the structure," Slyngstad said. Photo: NTB/Scanpix

Norway's sovereign wealth fund hits out at VW leadership
9 hours ago

The head of Norway's sovereign wealth fund -- one of the biggest capital pools in the world -- on Sunday lashed Volkswagen's ownership structure as giving too much power to family shareholders and disadvantaging minority shareholders.

Small town's big plan to ditch small change
A shop's cash draw with the spaces for one- and two-cent coins empty. Photo: DPA

Small town's big plan to ditch small change
February 01, 2016

Retailers in the small town of Kleve on Germany's border with the Netherlands have banded together in a movement to end the use of one- and two-cent coins.

Germany soothes Polish gas pipeline fears
Nord Stream One at the point where it lands in Germany. Photo: Nord Stream

Germany soothes Polish gas pipeline fears
January 30, 2016

"We're a little worried about Polish security, not just in terms of geopolitics but also gas," said Poland's economy minister.

Small German firms hope to get refugees working
A refugee from Guinea during a training course as a welder in Bremen, February 2015. Photo: DPA

Small German firms hope to get refugees working
January 26, 2016

More than half of small and medium-sized companies in Germany believe the mass migrant influx can help alleviate the country's shortage of qualified labour and most are willing to hire refugees, a survey revealed on Tuesday.

Expat life
PSA: Germany dropping old-style bank details
File photo: DPA

PSA: Germany dropping old-style bank details
January 25, 2016

On Feburary 1st, bank customers' old-style bank account numbers and routing numbers will no longer be valid – but authorities fear that many people are unaware of the change.

German petrol prices tumble along with global oil costs
Photo: DPA

German petrol prices tumble along with global oil costs
January 20, 2016

Good news for German petrolheads, less so for tree huggers: the price of filling up your tank is now one of the cheapest in western Europe.

Frankfurt court bans app's discount taxi rides
myTaxi lets customers order a cap to their exact location using their smartphone. Photo: DPA

Frankfurt court bans app's discount taxi rides
January 19, 2016

Taxi-hailing app mytaxi will no longer be allowed to offer customers 50 percent off trips, a court in Frankfurt has decided, saying that the deals represent unfair competition.

China troubles spook investors in Germany
A stock investor checks prices in a brokerage house in Jiujiang in central China's Jiangxi province on Friday. Photo: DPA

China troubles spook investors in Germany
January 19, 2016

Worries about slowing growth in China and the ensuing global stock market turmoil are souring investor sentiment in Germany at the start of the new year, a leading survey showed on Tuesday.

Germans prefer contentment to career and money
Most Germans aren't too anxious to move onwards and upwards out of the cubicle farm. Photo: DPA

Germans prefer contentment to career and money
January 19, 2016

The vast majority of Germans say that having a good working environment and a secure job is much more important to them than more money or the chance of getting ahead in a career, a survey has found.

German business grits teeth as Chinese economy slows
Markets have tumbled around the world as the Chinese economy has slowed. Photo: DPA.

German business grits teeth as Chinese economy slows
January 17, 2016

German companies are trying not to let themselves be spooked by the economic slowdown in China, even if they concede they are currently seeing a drop in demand for their products there.

Germany and Greece step up fight against tax evasion
Greek Prime Minister Alexis Tsipras (L) meets Norbert Walter-Borjans, finance minister of the German state of North Rhine-Westphalia, in Athens on Saturday. Photo: DPA

Germany and Greece step up fight against tax evasion
January 17, 2016

Greek and German authorities agreed Saturday to step up their cooperation on tax evasion, with information supplied by Germany already being used to probe thousands of Greeks suspected of stashing money in Swiss accounts.

'Tax petrol more to pay for migrant crisis'

'Tax petrol more to pay for migrant crisis'
January 17, 2016

Germany's Finance Minister Wolfgang Schaeuble on Saturday raised the prospect of introducing a tax on petrol in Europe to pay for solving the migrant crisis, in remarks to the Suddeutsche Zeitung newspaper.

Hugo Boss smashes sales records as Europe booms

Hugo Boss smashes sales records as Europe booms
January 16, 2016

German fashion house Hugo Boss said Friday it clocked up record sales and operating profit in 2015, even as growth slowed in the fourth quarter due to "challenges" in China and the United States.

Germany's big surplus to cover costs of refugees
Refugees at a canteen in Baden-Württemberg in October 2015. Photo: DPA

Germany's big surplus to cover costs of refugees
January 14, 2016

Germany's economy picked up speed and afforded the government a big surplus in 2015 - which will be put straight towards spending on refugees.

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