Tag archive for "Germany"

World

Germany’s new ‘president of hearts’

No Comments 19 March 2012

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Activist pastor Joachim Gauck became German president by an overwhelming majority Sunday, marking the first time a candidate from the former communist east will serve as head of state. Gauck claimed 991 votes out of 1,232 from a special assembly of MPs and other dignitaries, parliamentary speaker Norbert Lammert said. Prominent Nazi hunter Beate Klarsfeld, [...]

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Business

Germany cuts growth forecast to 0.7pc

No Comments 19 January 2012

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German growth will slow to a crawl this year, the government said on Wednesday, downgrading its 2012 forecasts as Europe’s top economy feels the pain from the eurozone crisis and weaker emerging markets. Germany will grow by a meagre 0.7 per cent this year, economy minister Philipp Roesler said, cutting the official forecast from the [...]

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Business

Germany to escape recession in 2013

No Comments 05 January 2012

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Germany, Europe’s economic powerhouse, will escape recession this year despite the ongoing eurozone debt crisis and return to solid growth in 2013, one of the country’s top institutes said on Wednesday. After a possible short and shallow contraction of the economy at the beginning of this year, Germany will grow by 0.6 per cent in [...]

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Business

German economic might owes to euro

No Comments 27 December 2011

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Germany has undoubtedly benefited from 10 years of the euro, analysts agree, but the single currency is not the only reason for the success of Germany’s export-driven economy, Europe’s biggest. Chancellor Angela Merkel has made no bones about the advantages for Germany of the euro, which went into circulation as banknotes and coins on January [...]

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Business

‘Germany no model of fiscal discipline’

No Comments 09 December 2011

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The head of the eurozone finance ministers, Jean-Claude Juncker, said Germany was ill-advised to present itself as the star pupil on fiscal discipline, ahead of a crunch EU summit on Thursday. Juncker added in an interview with Germany’s daily Sueddeutsche Zeitung that the 27 leaders at their two-day talks in Brussels needed to make a [...]

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World

Germany to help SK prepare

No Comments 18 November 2011

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South Korea wants to learn from Germany’s experience as it intensifies preparations for its eventual unification with North Korea, Unification Minister Yoo Woo Ik said Thursday. The reunification between West and East Germany and the creation of an internal sense of unity over the past two decades were “an invaluable treasure of experience for us [...]

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Business

Samsung to release modified Galaxy Tab 10.1N in Germany

No Comments 18 November 2011

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Samsung Electronics said on Thursday it had modified the design of its newest tablet PC to bypass a sales ban in Germany and would start selling it there as early as this week. The Galaxy Tab 10.1N, based on the Galaxy Tab 10.1, has a different metal frame and the location of the speakers has [...]

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Business

Medvedev in Germany for strategic pipeline launch

No Comments 09 November 2011

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Russian President Dmitry Medvedev arrived in Germany for the launch on Tuesday of the Nord Stream pipeline pumping Russian gas to Western Europe, a massive project set to deepen energy reliance on Moscow. German President Christian Wulff welcomed Medvedev with military honours at his palace in central Berlin ahead of the ceremonial cranking open of [...]

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Business

Germany calls for European ban on short-selling

No Comments 13 August 2011

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Germany on Friday called for a Europe-wide ban on short-selling shares after four of its EU partners banned the speculative practice for two weeks to stem wild market volatility. “The German government has been monitoring the problem of short-selling for some time and thus banned naked short-selling in Germany last year. In addition we are [...]

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