Frank-Walter Steinmeier, foreign minister and Social Democrat chancellor candidate in next year's general election, says he is in favour of state aid for German automakers, a Sunday newspaper reported.
Franz-Josef Möllenberg, head of the NGG food industry trade union, has expressed scepticism about German President Horst Köhler's call for employer-worker unity to defeat the economic crisis.
Extra measures by the German government to stop Europe's biggest economy slipping into its worst post-war recession may be considerably smaller scale than expected, newspapers reported on Wednesday.
German retailers are satisfied with their Christmas business, Josef Sanktjohanser, president of the Association of German Retailers (HDE), said Wednesday morning.
German state officials agreed on Tuesday to have concrete proposals ready in early January for a new economic stimulus package. The plan, which could total up to €40 billion, will target infrastructure projects.
One of Germany’s leading economic institutes on Monday predicted that the country’s economy will contract by 2.7 percent in 2009 - which would be the worst recession in its post-war history.
The recession is catching up with German consumers, causing their confidence has stagnated following three straight months of gradually growing optimism, a poll released on Monday showed.
German reinsurance group Munich Re on Monday said it has agreed to buy the specialty insurer HSB Group from troubled US giant AIG for $742 million (€531 million).
Struggling German memory-chip company Qimonda announced on Sunday a €325-million rescue package by its parent company Infineon, the Saxon regional government, and a Portuguese state bank.
Troubled German property lender Hypo Real Estate is to slash its work force by almost half in three years, it announced on Saturday. Several board members and managers are also being sacked.
The German government said Friday it would act quickly to help car maker Opel, which has asked for state-backed loan guarantees in the event its US parent group General Motors goes bankrupt.
German Chancellor Angela Merkel plans to block European Union climate protection resolutions that could endanger German jobs at a summit this week, she told daily <i>Bild</i> on Monday.
Germany has been named Europe’s principal country of destination for migrants, according to the World Migration Report (WMR) 2008 released on Tuesday.
German Chancellor Angela Merkel wants to provide faster internet for the entire country, she announced at this week’s internet technology summit in Darmstadt, daily <i>Die Welt</i> reported on Friday.
The global financial crisis could mean up to 215,000 lost jobs in the next year for Germany according to an industry study released by daily <i>Bild</i> on Friday.
Germans are more pessimistic about the future than other Europeans, new information from the 25th annual Data Report from the Social Science Research Centre revealed this week.
The world's biggest chemical company, BASF, said Wednesday it would cut global output and suspend operations at 80 plants, affecting 20,000 workers and dropping its 2008 operating profit target. Shares in the company plunged in mid-day trading on the Frankfurt stock exchange as a result.
German solar energy company SolarWorld has prepared an offer for the four German auto factories owned by Opel, a division of US giant General Motors, worth €1 billion ($1.26 billion).
More foreign students than ever before are staying in Germany after they complete their studies, daily <i>Süddeutsche Zeitung</i> reported on Wednesday.
Airline passengers across Germany suffered flight delays and cancellations on Tuesday when pilots’ union Cockpit called limitedstrikes for LTU and dba.
Desperate executives from German automaker Opel turned to Chancellor Angela Merkel on Monday evening for government help in case US parent company General Motors goes bankrupt and leaves it high and dry.
A round table of 47 leading European industrial groups called on Monday for urgent political action, in particular from Germany, in response to what it termed an "extremely dangerous" economic crisis.
