The world's biggest chemicals company, BASF, saw business slide in the last quarter of 2008 due to the global economic slump and warned Thursday 2009 could be be equally grim.
The German economy, Europe's biggest, shrank by 2.1 percent in late 2008, its sharpest contraction since the country was reunited in 1990, official data confirmed on Wednesday.
Unions are urging Opel plant workers in Germany, and other European staff of US auto giant General Motors (GM), to protest this week in a bid to save their jobs and call for state aid.
A Berlin court ruled on Tuesday that a former cashier for the Kaiser’s supermarket chain was rightfully fired after allegedly taking €1.30 in bottle deposits, but she maintains the termination was because of her union activities.
Hamburg and the northern German state of Schleswig-Holstein on Tuesday bailed out the beleaguered HSH Nordbank with a fresh capital injection of €3 billion and guarantees totalling €10 billion.
German women earn almost one-quarter less than men, placing the country well above average in European Union gender inequality statistics, daily <i>Die Welt</i> reported on Monday.
The German Finance Ministry on Friday warned in its monthly report that it anticipates a long-lasting and deep recession due to worsening industrial conditions and glum business sentiment.
German Finance Minister Peer SteinbrĂĽck said on Thursday the government would not rule out state aid for Opel, the German unit of troubled US carmaker General Motors.
<b>Would German carmaker Opel be better off without its troubled US parent General Motors? German newspapers in The Local’s media roundup aren’t so sure.</b>
Fast food chain McDonald’s is banking on increased sales and adding some 2,000 new jobs in Germany in 2009 as customers look for cheaper nourishment amid a stark recession.
German state governments are working to split car manufacturer Opel from the ailing US parent General Motors, daily <i>Westdeutsche Allgemeine Zeitung</i> reported on Monday.
German automaker BMW said on Monday that it would shed 850 workers in England who help to make the Mini as the economic crisis hits demand for the iconic car, celebrating its 50th birthday in 2009.
While Germany tries to combat doping in sports, drug abuse to boost desk jockey performance in the country is on the rise, according to a new study published by German health insurer DAK this week.
The German economy shrivelled 2.1 percent in the fourth quarter of 2008, the worst decline since reunification and significantly more than expected, the Federal Statistics Office (Destatis) reported on Friday.
Volkswagen and the Japanese electronics group Toshiba have unveiled an accord to jointly develop electric drive units that VW says will allow it to become the first manufacturer of an affordable, mass-produced electric vehicle.
The head of German chemical giant BASF sought to prepare staff for possible job cuts stemming from the global economic crisis, in an interview to appear on Thursday.
Germany, the world's biggest exporter, said on Monday that its trade surplus plunged last year as the global economic downturn pushed it into recession.
German luxury automaker BMW, which is reliant on the slumping North American market, said on Friday its 2008 vehicle sales fell five percent to €53 billion ($71.6 billion).
The German chip maker Infineon on Friday reported a sharp first quarter loss and gave a gloomy outlook for its 2008-2009 fiscal year as demand slumped in the auto and telecommunications sectors.
German industrial orders plunged by 25.1 percent in 2008 as the global economic slowdown hit demand in Europe, data released on Thursday by the Economy Ministry showed.
Germany’s storied model train maker Märklin said on Wednesday it had filed for insolvency after delighting fans of tiny railways for the past 150 years.
