Germany's mighty auto industry is stepping on the accelerator so it won't be left behind by a US upstart racing ahead in the market for luxury electric cars.
UPDATE: Germany on Thursday said Berlin and Paris were seeking further information on Greece's plans to privatise parts of its economy before approving a third bailout package.
Günther Oettinger, Germany’s EU commissioner, suggested Friday that the flags of EU countries breaking debt and deficit rules could be flown at half mast outside the bloc's institutional buildings. He also said European civil servants could take over Greece's public administration.
German carmaker Daimler will team up with industrial giant Bosch in a joint venture to produce electric motors to be used in Mercedes and Smart cars next year, both companies said on Tuesday.
The solar industry has struck a deal with the German government to have the solar power subsidy slashed by up to 15 percent this year as demand for photovoltaic panels booms.
A fiery Angela Merkel went on the offensive during the parliamentary budget debate Wednesday. As her centre-right coalition’s poll numbers lag, the Chancellor took aim at the increasingly popular Greens.
German Chancellor Angela Merkel on Wednesday called for tighter security measures for international cargo shipments and postal services, one day after an explosive package was discovered in the Chancellery’s mailroom.