Factionalism and insecurity in the German banking system resurfaced on Saturday as employees of Dresdner Bank blocked the installation of Commerzbank chief Martin Blessing to accelerate Commerzbank's planned takeover.
Germany's leading airline Lufthansa has been in talks with its troubled Scandinavian counterpart SAS, a company executive told Danish media Friday, rekindling speculation about a planned acquisition.
New Year’s celebrations in several German cities were marred by violent skirmishes with the police – but a million people gathered peacefully to ring in 2009 at the country’s largest <i>Silvester</i> party in Berlin.
The CEO of Deutsche Bank, Josef Ackermann, has admitted that he made judgment errors regarding the global financial crisis. He told German public television that he and his management team were forgoing end-of-year bonuses.
The German heavy truck maker MAN said on Wednesday it had raised its voting rights access in Swedish counterpart Scania to more than 20 percent, and emphasized its strategic interest in the firm.
Federal prosecutors said Tuesday that a former Rwandan mayor had been arrested a second time in Germany for his alleged involvement in the country's 1994 genocide.
Social Democratic Party Chairman Franz MĂĽntefering on Sunday gave his blessing to controversial state-level coalitions with the hard-line socialist Left party.
The European Central Bank said it would keep providing unlimited amounts of cash in operations that underpin euro zone lending at fixed rates aimed at unblocking key interbank markets, on Thursday in Frankfurt.
Detailed and sensitive bank information of tens of thousands of German credit card customers have been stolen in what investigators have described as the worst ever case of data theft in the country.
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.
Volkswagen said Tuesday it had sought loan guarantees for its financial services unit as part of government aid for the banking sector, the first German automaker to ask for such help.
German airline Lufthansa will have to raise its offer for Austrian Airlines if it wants to secure more than 75 percent of the ailing Austrian flag carrier, a shareholder group said Thursday.
The European Central Bank (ECB) on Thursday cut its main interest rate by a surprisingly hefty 75 basis points to 2.50 percent in an attempt to boost the flagging eurozone economy.
A comparison of East and West German versions of the all-time favourite German children’s TV series <i>Sandmännchen</i> has opened this week at Frankfurt’s Museum for Communication.
The German semi-conductor group Infineon on Tuesday issued a gloomy report for itself and its loss-making memory-chip unit Qimonda, as it posted an annual loss of €3 billion ($3.8 billion).
A disoriented wild boar smashed through a door at a community center in Frankfurt shocking a group of mothers and their children, police reported on Thursday.
Despite a huge potential client base, Germany has proven reluctant to adapt its legal and tax systems to attract Islamic finance, which has enjoyed stellar success in Britain.
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).
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.
German property lender Hypo Real Estate expects to suffer heavy charges in 2009 after flirting with bankruptcy this year, the bank said in a statement on Monday.
German Finance Minister Peer SteinbrĂĽck has called for a meeting between managers at carmaker Opel and the leaders of German states where the car maker has major production centres after the GM unit asked for help from the government.
German carmaker Opel, a unit of troubled US giant General Motors, said on Friday it has asked Berlin and regional states for credit guarantees to ensure its financing.
<b>With world financial markets gone mad, Roger Boyes, the Berlin correspondent for British daily The Times, weighs in on Germany's witch hunt for wicked bankers.</b>
Austrian Airlines will be sold to German carrier Lufthansa, the Austrian state holding company OeIAG, which has a 41.6-percent stake in the loss-making airline, announced Thursday evening.
