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Truck maker MAN warns of falling profit
Cars

Truck maker MAN warns of falling profit

German truck maker MAN, a unit of European car giant Volkswagen, warned Tuesday of a "significant" decline in financial performance this year due to increased provisions and the difficult situation in its engine business.
Lufthansa orders new jets amid job cuts
Jobs

Lufthansa orders new jets amid job cuts

Lufthansa, Germany's biggest airline, said on Wednesday it plans to order new aircraft worth €9 billion despite a cost-cutting drive involving job losses and the closure of at least two sites.
Deutsche Bank bleeds hefty losses
Frankfurt

Deutsche Bank bleeds hefty losses

Deutsche Bank, Germany's biggest bank, said on Thursday that one-off effects pushed it into the red in the fourth quarter of last year and led to a multi-billion drop in full-year profits.
Pensioners will be allowed to earn more
Jobs

Pensioners will be allowed to earn more

As the German population ages, leaving fewer working people to support the growing number of pensioners, rules governing how much they can earn on top of their pension are set to be relaxed.
Millionaires choose to live in Düsseldorf
earnings

Millionaires choose to live in Düsseldorf

You are most likely to bump into a millionaire on the streets of Düsseldorf than any other German city, according to recently released figures which put the Rhine-Ruhr region city ahead of monied Munich and well-heeled Hamburg.
Siemens suffers profit collapse
Economy

Siemens suffers profit collapse

German industrial giant Siemens took a massive hit at the end of last year, the company reported Tuesday. Profits were down all of 17 percent between October and December 2011.