Business

Ailing Karstadt chain sold for €1 (again)

The retail giant's German holders are throwing in the towel on their attempt to pull the department store chain out of the red.

Energy

Nuke shutdown could force energy asset sale

German energy giant RWE has put its assets in Egypt up for sale in a bid to raise about one billion dollars to counter Germany's impending nuclear power shutdown.

Crime

Swiss MP threatens fire with fire over bank data

A Swiss member of parliament alleged Saturday that top German public officials had secret bank accounts in Switzerland and threatened to out them if Germany bought stolen data on tax dodgers.

Crime

Swiss data to be bought this weekend: report

German tax investigators were in France this weekend to buy the now-notorious stolen Swiss bank data on 1,500 alleged tax cheats, magazine <i>Focus</i> reported Saturday.

shopping

Insolvent Quelle offers Germany's 'biggest ever' clearance sale

Bankrupt mail-order giant Quelle is to have “Germany’s biggest clearance sale” starting Sunday, with 18 million items of merchandise ranging from clothing to electrical appliances being sold at up to 30 percent off.