11572 Stories, most recent news story added Wed Nov 25, 4:55 pm ET
BERLIN -(Dow Jones)- Programs to keep people employed by reducing work hours have helped prevent broad layoffs in Germany and will be extended, German Chancellor Angela Merkel said Tuesday.
Nov. 23 (Bloomberg) --The German economy may shrink by less than 5 percent this year, Ulrich Wilhelm, Chancellor Angela Merkel’s chief spokesman, told reporters in Berlin today. The government said Oct. 16 the economy will contract 5 percent in 2009.
The decision appears to be linked to an effort by the automaker to win financial aid from Germany for its European unit.
General Motors will keep open its Eisenach plant in Germany, GM's interim Europe chief Nick Reilly said on Wednesday after earlier giving assurances that its other three German sites would also be safe.
Nov. 25 (Bloomberg) -- German stocks rebounded after purchases of new homes in the U.S. jumped more than anticipated in October. Germany’s DAX Index gained 0.3 percent to 5,784.34 as of 4:12 p.m. in Frankfurt, having declined as much as 0.3 percent earlier.
Nov. 25 (Bloomberg) -- A German court in Hanover, Germany ruled that the so-called solidarity charge, started in 1991 to help finance the costs of rebuilding eastern Germany, is unconstitutional, Deutsche Presse-Agentur reported today.
Berlin - The German and Spanish governments said Wednesday they plan to work closely to avert major job losses and factory closures at General Motors' European division Opel. German Chancellor Angela Merkel and Spanish Prime Minister Jose Luis Rodrig...
FRANK AUGSTEIN/APThis Aug. 13, 2009 file photo shows the logo of the energy supplier RWE is seen at the company's headquarters in Essen, western Germany. German power company and utility RWE AG said Wednesday it will sell its remaining 3.7...
Nov. 25 (Bloomberg) -- General Motors Co. may close its plant in Belgium and cut 5,400 German jobs as the company seeks an accord with workers to restructure its Adam Opel GmbH unit.
BERLIN -(Dow Jones)- Governments worldwide will need "coordinated exit strategies" as they emerge from the economic crisis, German Chancellor Angela Merkel said at a conference Friday.
Nov. 25 (Bloomberg) -- A German state court said the government’s surcharge on income tax and profits started in 1991 to help rebuild the former communist east may be unconstitutional and asked a higher court to rule on it.
Nov. 25 (Bloomberg) -- General Motors Co. plans to scrap a layer of management and keep open all four German factories at its Adam Opel GmbH unit as the U.S. automaker seeks an agreement with workers to cut as many as 9,500 jobs.
Germany on Wednesday extended until the end of 2010 a program that allows companies to put workers on short work hours in an effort to avoid layoffs -- an arrangement credited with keeping unemployment down over recent months.
A regional German court has taken a decision that could cost the government billions of euros. It has ruled that the "solidarity" income tax surcharge introduced in 1991 to help rebuild eastern Germany is unconstitutional. The matter will now go before Germany's top court.
WIESBADEN, Germany - General Motors Co.'s top European official underlined the future importance of Opel's biggest German plant on Wednesday, while reiterating that there likely will be up to 9,500 jobs cut across the continent.
Duesseldorf, Germany - A threatened Opel car plant in the German city of Bochum will not now be closed, General Motors' (GM) European Chief Executive Nick Reilly said Tuesday. The 4,900 staff at the plant in western Germany had feared closure under G...
Nov. 25 (Bloomberg) -- German consumer confidence unexpectedly declined for a second month as households grew more concerned about job security, according to market-research company GfK AG.
Croatian police said Tuesday they arrested a Slovenian man in connection with the investigation into match-fixing in European football. Police said Dragan Mihelic, 38, was stopped Monday as he was entering Croatia from neighboring Slovenia on an arrest warrant issued by Germany. German authorities suspect him of fraud and money laundering in Europe's biggest match-fixing scandal.
Kassel, Germany - A German court quashed Wednesday three-month jail terms imposed on a home-schooling couple who refuse to send their children to a state school, and gave them token fines instead. The ruling was unusual in Germany, which, unlike othe...
A panel of top German economists, which has slammed the country's huge public debt, says Chancellor Angela Merkel's new government should take back its "gift baskets" of tax relief, a German weekly reported.
BERLIN -(Dow Jones)- Germany and France will support the same candidate to become the European Union's first president in the 27-member bloc, German Chancellor Angela Merkel said Wednesday.
