ECB unveils €5-billion capital increase

ECB unveils €5-billion capital increase

The European Central Bank said Thursday that it will nearly double its subscribed capital by 2013 due to greater volatility in financial markets and interest rates, and heightened credit risks.

Liechtenstein banks end tax evasion probe with €50 million payout

Liechtenstein banks end tax evasion probe with €50 million payout

Banks in Liechtenstein ended one of the largest tax evasion probes in Germany history by paying a record settlement of €50 million, a media report said Thursday.

FDP debates ditching Westerwelle

FDP debates ditching Westerwelle

Leading members of the pro-business Free Democratic Party are reportedly considering deposing Guido Westerwelle as party boss and foreign minister to reverse the FDP’s fortunes going into an important election year.

Bread like baby Jesus? A brief history of German Christmas sweets

Bread like baby Jesus? A brief history of German Christmas sweets

Germany’s favourite Christmas sweets include spiced Lebkuchen and Spekulatius cookies, as well as the raisin-filled, sugar-coated bread Stollen. But where do they come from? The Local explains some tasty holiday traditions.

Hochtief shareholder to sell stake to Spain’s ACS

Hochtief shareholder to sell stake to Spain’s ACS

Southeastern Asset Management, an investor in construction group Hochtief, said Thursday it would sell two million shares to ACS of Spain, which has made a bid for the German firm.

Merkel urges EU leaders to stand up for euro

Merkel urges EU leaders to stand up for euro

German Chancellor Angela Merkel urged European leaders to rally around the crisis-battered euro at a critical summit beginning on Thursday, saying the success of the single currency depended on unity.

Cities still stripping Hitler of honorary citizenship

Cities still stripping Hitler of honorary citizenship

The North Rhine-Westphalian city of Dülmen struck Adolf Hitler from its list of honorary citizens on Thursday. But the Nazi dictator still retains similar recognition in towns across Germany, experts say.

Troops to start leaving Afghanistan in 2011

Troops to start leaving Afghanistan in 2011

Foreign Minister Guido Westerwelle on Thursday said German troops will begin leaving Afghanistan at the end of next year.

What’s on in Germany: December 16 – 22

What’s on in Germany: December 16 – 22

This week's highlights: A sensational stage show in Berlin, marching snowmen in Hamburg, and Picasso in Munich.

Blizzard bears down on the north

Blizzard bears down on the north

The German Weather Service (DWD) warned blizzard conditions with dangerous snow drifts were expected to hit northern Germany on Thursday. Meanwhile the rest of the country continued to dig out from relentless winter weather.

Newspapers appeal for Wikileaks protection

Newspapers appeal for Wikileaks protection

A group of major German newspapers and a human rights advocacy group Thursday published an appeal against the criminalisation of whistleblower website Wikileaks, saying the site deserved as much protection as traditional media.

German doctors cure man of HIV

German doctors cure man of HIV

An American man is still HIV-free more than three years after receiving a stem cell transplant, suggesting the first-ever cure of the virus that causes AIDS, German doctors said this week.