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China's Premier continues European investment tour in Greece

Chinese Prime Minister Li Keqiang is continuing his tour of Europe with a two-day stay in Greece, marking the first high-level visit to this eurozone nation in four years. Athens hopes for large-scale investments. more >>
 

GM braces for more Capitol Hill grilling over safety issues

US carmaker General Motors is facing more intense questioning by a House of Representatives committee over the safety crisis that has hit the firm this year. The grilling comes shortly after yet another recall. more >>
 

Rare stamp delivers record, selling for $9.5 million

A 19th century stamp from British Guiana has been sold for the record sum of $9.5 million. London-based auctioneer Sotheby's claims the sale makes the stamp the most expensive object in the world by both weight and size. more >>
 

Li's welcome fit for a Queen as Britain and China sign key deals

Chinese Premier Li Keqiang has marked his first official trip to Britain with the two nations signing key trade deals worth billions. The visit is also aimed at healing diplomatic relations that have cooled over Tibet. more >>
 

Key Ukraine gas pipeline hit by blast, as fighting kills Russian reporter

Ukrainian officials say a blast hit a pipeline used to transport Russian gas to Europe, a day after Moscow cut supplies to Ukraine. Elsewhere, a Russian TV reporter was killed in fighting in the country's east. more >>
 

Siemens CEO shuns risks in Alstom poker

Germany's Siemens and Japan’s Mitsubishi have put forward a plan to acquire parts of Alstom. A successful deal will leave the German group with the French firm's coveted gas turbines business. more >>
 

China sinks P3 global shipping alliance

A plan by the world's three biggest container shipping operators to create an alliance has foundered on Chinese resistance. Beijing says the alliance violates anti-trust rules and has moved to block it. more >>
 

France seeks better offers from Alstom suitors

The French government is reportedly unhappy with the bids made for engineering firm Alstom. Media reports say Paris wants Alstom’s three suitors General Electric (GE), Siemens and Mitsubishi to improve their offers. more >>
 

US global credit ratings agencies' monopoly power sapped

Russia and China plan to break the global monopoly of America's powerful credit ratings agencies. DW columnist Frank Sieren argues the new competition will be good for Europe as well as Asia. more >>
 

IEA expects further oil boom, but 'inflexion point' nears

The International Energy Agency has said it expects global oil demand to rise over the next five years. But its latest medium-term market report also warned growth might decelerate later for environmental reasons. more >>
 

European Union sees rising demand for passenger cars

Consumers in the 28-member European Union have shown increased interest in buying new passenger cars. New registrations in the bloc surged again in May, the industry association ACEA said in its monthly report. more >>
 

Japan's dependence on fossil fuel reaches new high

A government report from Japan has shown the Asian country's dependence on fossil fuels has reached a new peak. Tokyo said the figures spoke in favor of restarting at least some of the nation's nuclear power plants. more >>
 

France rail strike for seventh day as government prepares reform bill

France's rail strike is set to go into a seventh day as the government refuses to set aside its reform program to reduce debt and prepare for European competition. It is the longest transport strike in years. more >>
 

Siemens, Mitsubishi unveil Alstom merger plan

Germany’s Siemens and Japan’s Mitsubishi have given details of their formal bid for parts of French engineering giant Alstom. The joint effort is aimed at blocking a bid by the US' General Electric. more >>
 

IMF slashes US growth forecast

The International Monetary Fund (IMF) has cut its growth forecast for the US economy and urged policymakers to keep interest rates low and raise the minimum wage to strengthen expansion. more >>
 

Gas strife puts EU at unease

While Ukraine and Russia are locked in a bitter dispute over energy payments, EU states are apprehensive the conflict could lead to energy shortages in the bloc. more >>
 

The Chinese copycat turns innovator

For years China has served as the workshop of the world. Copying foreign technology helped the Chinese become an economic power. But now China is set to become the main driver of innovation. more >>
 

Ire at Opel over redundancy compensation

German carmaker Opel has unveiled plans for compensating workers who will lose their jobs following the closure of its plant in Bochum. The package is costly for Opel parent GM, but workers are disappointed. more >>
 

India's wholesale inflation hits five-month high

Inflation in India jumped to a five-month high in May, compounding worries that Prime Minister Narendra Modi's promises of curbing rising prices may not materialize. more >>
 

Merkel, Rousseff seek progress towards EU-Mercosur free trade deal

German Chancellor Angela Merkel has met with Brazilian President Dilma Rousseff during a short visit to Brasilia. The chancellor is in Brazil to attend the German national soccer team's first World Cup match. more >>
 
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