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Business & Money - The Local

Siemens settles Israel bribery case for €38m

German technology giant Siemens has agreed to pay €38 million to settle a corruption case in Israel, local media reported on Monday.

Germany's Schäuble attacks bonuses for crisis-hit VW

"It shows that something is not right," he said.

German public sector workers dispute settled
President of the Verdi union, Frank Bsirske (2nd from left) and Interior Minister Thomas de Maiziere (2nd from right) shake hands after the breakthrough. Photo: DPA

Threat of national disruptions lifted.

Jet-setters rejoice: roaming price caps start Saturday
EU mobile users will soon be calling from Alicante to Zagreb at lower prices. Photo: DPA

Phoning and surfing while abroad is about to get a lot cheaper in the EU as new rules limiting how much mobile operators can charge come into force on Saturday.

Dieselgate scandal
VW targets return to profit despite year of scandal
A car on an elevator in one of the "Auto towers" at Volkswagen's Wolfsburg HQ. Photo: DPA

Embattled German carmaker Volkswagen vowed Thursday to overcome its current crisis triggered by the engine-rigging scandal, insisting it would not allow itself to be slowed down by the affair and would return to profit this year.

Unemployment at historic low despite growth fears
A worker climbs into a car at the end of an Opel production line in Eisenach, Thuringia. Photo: DPA

Despite cuts in growth forecasts, the number of people in work remained at historic lows in March. But the Left Party told The Local the figures do not reflect reality.

Munich court tells lawyer he isn’t worth €8,000 an hour
Photo: DPA

A lawyer in Munich took a client to court on Tuesday after he refused to pay a bill of €25,000 for three hours of work.

Airport strikes
Hundreds of flights cancelled as strikes hit airports
Airport firefighters in Frankfurt stand in front of their fire engine with a Verdi union banner. Photo: DPA

Hundreds of flights have been cancelled at airports across Germany as public sector workers walked out in a “warning strike” over pay.

Berlin’s new airport 'may never open’: planner
Berlin Brandenburg Airport. Photo: DPA

The man formerly responsible for planning Berlin’s much-delayed international airport has claimed the air hub will never open, after a series of failures have left city authorities red faced.

Lufthansa slashes 895 flights over Wednesday strike
Photo: DPA

Six German airports will face strikes on Wednesday, with Europe's largest airline Lufthansa warning that almost 900 flights will be cancelled.

Dieselgate scandal
VW struggling to fix cheating diesel cars
A mechanic checks a Volkswagen Passat using a diagnostic PC. File photo: DPA

Volkswagen said Monday it was postponing a recall of tens of thousands of vehicles to remove a device designed to cheat pollution tests, after failing to obtain regulatory approval for the repair.

German trade deal foes protest on eve of Obama visit
Just 17 percent of Germans say they support TTIP, according to a poll. Photo: DPA

A mock coffin was emblazoned with the words "Democracy killed by money".

German trade deal foes plan protest on eve of Obama visit
Protestors against the Trans-Atlantic Trade and Investment Partnership. Photo: DPA

Opponents of a proposed transatlantic trade deal hope to draw tens of thousands onto German streets Saturday, on the eve of a visit by US President Barack Obama.

Dieselgate Scandal
Car makers recall 630,000 vehicles over emissions
Photo: DPA

Major names in the auto industry found themselves caught in headlights of a global engine-rigging scandal on Friday as Volkswagen totted up the costs it faces so far.

Dieselgate Scandal
Daimler shares fall as firm opens US emissions probe
Photo: DPA

Shares in German carmaker Daimler, owner of Mercedes-Benz, fell sharply on Friday after the group announced a steep drop in profits in the first quarter and a probe into the emissions values of its cars.

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