Frankfu

climate

Supercomputer to improve forecasting of lousy German weather

Meteorologists this week booted up one of the fastest supercomputers in the world to improve German weather forecasting – if not Germany's notoriously bad weather.

Economy

Hypo Real Estate posts €3.1 billion Q3 loss

German property lender Hypo Real Estate (HRE) posted on Wednesday a third-quarter net loss of €3.1 billion ($3.89 billion) and said it expected more bad news by the end of the year.

Angela Merkel

German Media Roundup: Berlin’s bank rescue bonanza

<b>Germany has <a href="/money/20081013-14863.html" target="_blank">coughed up €480 billion</a> for a bank rescue package that is grudgingly accepted as a lesser evil than impending global financial chaos by newspaper editorials in The Local’s media roundup.</b>

Economy

KfW execs sacked for ill-fated transfer to Lehman

Germany's KfW said Monday it had fired two directors who have been suspended since the state development bank transferred more than €300 million to Lehman Brothers after it filed for bankruptcy.

Economy

German business confidence drops again

German business confidence dropped for the fourth straight month in September, the key Ifo index showed on Wednesday, as the biggest European economy was gripped by the international financial crisis.

Economy

KfW transfer to Lehman reportedly no mistake

The €350-million transfer to Lehman Brothers from German state development bank KfW transfer was not a mistake, according to the Monday edition of daily <i>Frankfurter Allgemeine Zeitung</i>.

Crime

Drunken British women ground flight in Frankfurt

A UK charter flight was forced to land in Frankfurt this week after two drunken British women attacked cabin staff with a vodka bottle and tried to open the emergency exit at an altitude of 10,000 metres, German police said on Friday.