Europe’s economic powerhouse, Germany, is now getting paid to finance its own debts. In the often arcane world of international finance, investors for months have forced debt-ridden governments throughout Europe — Greece, Italy, Spain and others — to pay hefty interest rates before they purchased the countries’ bonds. But Monday in the search for a […]
Germany Gets Paid to Finance Its Own Debt
Posted January 9th, 2012 at 2:45 pm (UTC-5)
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British Court Charges Two Germans With Possessing Alleged Terrorism Materials
Posted September 26th, 2011 at 2:40 pm (UTC-5)
Two German men who converted to Islam appeared at England’s Old Bailey criminal court on Monday, charged with having a computer and hard drive that contained information that could be of use in terrorism. Christian Emde and Robert Baum of Solingen, Germany, were arrested at the port of Dover on England’s southeast coast on July […]
German Business Confidence Dips in September
Posted September 26th, 2011 at 5:50 am (UTC-5)
German business confidence dropped in September for the third consecutive month. The Munich-based Ifo Institute said Monday that the decline showed German companies were skeptical about the future and not looking for any external boost to the German economy. The drop was not as much as had been expected, but still reflected concerns about the […]
Germany’s Commerzbank Profits Plunge
Posted August 10th, 2011 at 2:25 am (UTC-5)
Germany’s second largest lender Commerzbank said Wednesday its second quarter net profits plunged by 93 percent from the same period a year earlier. Commerzbank said its net income fell to $34.4 million after it revalued its holdings of Greek debt, resulting in a depreciation of more than $1 billion. The Greek government has asked bondholders […]
German Air Traffic Controllers Call Strike
Posted August 8th, 2011 at 7:40 am (UTC-5)
The German air traffic controllers’ union has called a strike for Tuesday morning. The union is asking members to stay off the job for six-hours in a pay dispute. The union called the latest wage offer unacceptable and said there was no alternative to a strike. A similar planned walkout was blocked last week by […]
German Air Traffic Controllers Call Strike
Posted August 8th, 2011 at 5:20 am (UTC-5)
The German air traffic controllers’ union has called for a strike Tuesday morning. The union is asking members to stay off the job for six-hours in a pay dispute. The union called the latest wage offer unacceptable and said there was no alternative to a strike. A similar planned walk-out was blocked last week by […]
