In the first trial over the massive Siemens corruption scandal that came to light in November 2006, a Munich district court on Monday handed a former manager a two-year suspended sentence and hefty fines for his part in paying €53 million in bribes to land foreign contracts.
Chinese, Russian and Iranian spies have tried to steal industrial secrets from half of all major German firms, a state security official told Financial Times Deutschland on Friday.
Despite the strong euro, steady orders are fostering unexpected new growth in the German metal and electronics industries, according to the employer’s association <i>Gesamtmetall</i>.
Europe’s single currency the euro soared to a new high against the US dollar on Thursday, putting increasing pressure on Germany’s export-led economy.
The Spanish car maker Seat, a unit of Germany's Volkswagen, is considering entering the Chinese market to spur slumping sales, its boss said in an interview that was published on Monday.
