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Karstadt CEO quits over lack of support

The chief executive of Germany's struggling Karstadt department store chain, Eva-Lotta Sjöstedt, has resigned after only 7 months on the job. She blamed a lack of boardroom support for her decision. more >>

Study highlights strengths of German machine builders

As Germany's machine tools sector faces stiff competition from abroad, it is turning to innovation and automation to protect its "Made in Germany" brand. A fresh study highlighted the prospects of the industry. more >>

German Transportation Minister Dobrindt unveils plan to introduce car toll

Germany's transportation minister has unveiled plans to introduce a toll on cars using the country's roads. However, it is not clear whether the proposal will meet with the approval of the EU. more >>

Lufthansa and Air China forge aviation alliance

Germany's Lufthansa has signed a partnership with Air China, aiming to forge a stronger presence in the world's biggest growth market. Passengers of the two countries' largest airlines will enjoy better services. more >>

Greenpeace campaigners protest Chevron fracking in Romania

Greenpeace activists have staged a protest outside a controversial shale gas exploration site in Romania. They insisted the use of fracking technologies could harm the environment there. more >>

Combined PC and mobile devices market experiences revival

Global demand for PCs and mobile devices has risen in recent months and a study by IT research company Gartner has indicated that worldwide shipments are not expected to slow anytime soon. more >>

Audi sells more cars than ever before

German luxury carmaker Audi has logged its best half-year sales in the company's history, lifted by booming sales in the world's two largest automobile markets, China and the US. more >>

German manufacturing industry suffers setback

German manufacturing companies saw their production volumes decrease markedly in the pre-summer weeks. But the Economy Ministry said it was confident the slump was only temporary. more >>

Merkel hails Germany-China ties as major business deals are signed

German Chancellor Angela Merkel has praised bilateral trade ties between China and Germany at a meeting with Chinese Prime Minister Li Keqiang. However, she also asked for broader market access for German firms. more >>

Trade tops agenda for Germany's Angela Merkel on China trip

German Chancellor Angela Merkel has kicked off her seventh official trip to China with a visit to the city of Chengdu. A number of deals are expected to be signed by major German firms during her three-day stay. more >>

Merkel heads to China as business climate cools

German Chancellor is paying another visit to China this weekend - her 7th trip to the Asian powerhouse. But this time multi-billion-euro deals are unlikely to make the headlines. Bilateral business is getting tougher. more >>

Germany criticizes Bolivia's lax child labor law

To combat poverty in one of South America's poorest countries, Bolivian lawmakers have passed a bill permitting child labor from the age of 10. The German government has urged Bolivia to rethink its approach. more >>

Daimler posts record half-year sales

Daimler sold a record number of cars in the first six months of 2014. While the firm's sales jumped the highest in China, the German carmaker also managed to grow in crisis-stricken European markets. more >>

Nazism and repentance: The contours of contrition

THE university town of Tubingen in Germany, with its lovely medieval buildings and sparkling river (pictured above), is an important part of Europe's Christian patrimony. And like every other such place, its history has been studded with moments of dark and light.  Some of the most distinguished ... more >>

Japan's Sharp mulls revamp of Europe business

In a bid to boost profitability and focus more on rich Asian and North American markets, electronics manufacturer Sharp is reportedly planning to overhaul its stagnant operations in Europe. more >>

German factory orders fall amid global political upheaval

German factory orders, an important gauge of demand for goods made in Europe's largest economy, fell more than expected in May. Foreign orders slumped amid global political tensions. more >>

ECB between a rock and a hard place

The European Central Bank is trying to reinvigorate the eurozone economy with low interest rates and billions of euros in fresh credit. For some, its efforts are insufficient. For others they go too far. more >>

Dow Jones jumps above 17,000 points on US jobs data

New York's Dow Jones stock market index has reached an all-time high, trading above the threshold of 17,000 points. Investors sought US shares amid signs of accelerating growth in the US, bolstered by strong jobs data. more >>

ECB leaves rates on hold, waits for historic cuts to trickle down

The European Central Bank (ECB) has left its main interest rates unchanged at record lows, holding off fresh policy action to spur lending and inflation. The ECB is waiting for its latest rate cuts to show an effect. more >>

American firms dominate EY audit of most valuable companies

Consultancy firm Ernst & Young has ranked the world's most valuable companies and there was one clear winner: the US. Eight of the top 10 firms were American and their total value could be measured in the trillions. more >>
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