Jürgen Thumann, the president of the German Federation of Industry (BDI), called upon well-paid banking executives to contribute to the bailout of their banks if they are rescued by the government.
Much touted electronic books might finally be nearing a breakthrough, and are already causing a buzz at the 60th Frankfurt Book Fair, the world's largest.
The world’s largest book fair will open Tuesday evening in Germany under the cloud of a world financial meltdown that its celebrity invitation list of writers and politicians cannot dispel.
Germany’s leading stock index the DAX surged ahead on Monday, as bank shares were buoyed by the government’s plans to set up a massive rescue package for the financial sector.
Germany’s leading stock index the DAX tanked more than ten percent in the opening minutes of trading on Friday, following the downward spiral of markets in Asia and North America.
The German government confirmed on Thursday it was postponing the partial stock market listing of national railway operator Deutsche Bahn due to the dramatic crisis hitting global financial markets.
Germany’s leading stock index the DAX slumped to its lowest point in more than two years on Monday despite the government’s decision to offer a blanket guarantee on all bank deposits over the weekend.
German and British customs officers on Thursday said they have uncovered a band of gold smugglers dodging the tax authorities by trafficking the precious metal through the Frankfurt airport.
The partial privatization of Germany's rail operator Deutsche Bahn should bring in €4.5 billion - far less than estimated by the government - according to the <i>Welt am Sonntag</i> newspaper.
The German Finance Ministry on Monday said the country’s exposure to the collapsed US investment bank Lehman Brothers was “manageable,” but that didn’t stop financial shares from tanking on the Frankfurt stock market.
Friday night's Bundesliga football match between Eintracht Frankfurt and Karlsruhe SC has been cancelled because the pitch was damaged during pop star Madonna's concert last week.
Deutsche Bank struck a deal on Friday to buy a stake in Germany's largest retail bank Postbank for €2.79 billion ($3.93 billion) in the country's latest major banking deal.
Deutsche Bank has managed to acquire a large stake in rival Postbank, German news agency DPA reported on Thursday, heralding a new wave of consolidation in Germany’s banking sector.
In another move towards the consolidation of Germany’s banking sector, Deutsche Bank has confirmed its is in advanced talks to take a stake in Postbank.
A Scottish postman working in Frankfurt has been arrested after he was discovered to have hoarded an estimated 20,000 letters at his parents' house where he lived, police said on Tuesday.
For the fifth year in a row, Munich is Germany's most economically successful city, according to a new study published in weekly business magazine <i>Wirtschafts Woche</i> on Friday.
A naked 28-year-old Dane high on drugs and his twin brother led police on a wild high-speed chase through Frankfurt on Tuesday after killing a cyclist and injuring several others.
Shares in Germany's second biggest bank, Commerzbank, fell through the floor Monday after it unveiled a nearly €10-billion takeover of rival Dresdner Bank.
German insurance giant Allianz said on Sunday it would sell the nation's third-largest private bank, Dresdner Bank, to number two Commerzbank for €9.8 billion ($14.4 billion).
Shares of both insurer Allianz and lender Commerzbank got a boost Monday amid widening reports the latter is about to relieve the former of its cumbersome Dresdner Bank division.
Deutsche Lufthansa is looking to soon own the trinity of flag-carrying airlines in German-speaking Europe with a much-prophesied offer for Vienna-based Austrian Airlines.
