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ECB warns against Italy's big-spending plans

24 May 2018 | 0 comments

The European Central Bank said Thursday that Italy should stick to EU budget rules rather than pump up spending, warning that financial markets could punish the country's new government for recklessness."A...

German carmakers dismayed as US weighs auto tariffs

24 May 2018 | 0 comments

German automakers reacted with dismay Thursday as the US Commerce Department said tariffs on car imports could be on the horizon, potentially opening a new front in a burgeoning transatlantic trade conflict."One-sided...

Volkswagen rejects 'protectionism' after US car tariff threat

24 May 2018 | 0 comments

Car behemoth Volkswagen warned Thursday against "one-sided protectionism" after the United States said it was considering new taxes on auto imports in the name of national security."One-sided protectionism...

Tricky WWII bomb defusal sparks fire in Dresden

24 May 2018 | 0 comments

The German city of Dresden Thursday extended a mass evacuation sparked by the discovery of an unexploded World War II bomb after a failed defusal operation sparked a fire, police said."At the moment the...

German consumers' mood shaded by uncertainty

24 May 2018 | 0 comments

Confidence among German consumers is ebbing, a regular survey showed Thursday, although major geopolitical upsets have left Europe's largest economy mostly unruffled.Pollsters GfK downgraded the June...

Merkel, Chinese premier defend Iran deal, free trade

24 May 2018 | 0 comments

German Chancellor Angela Merkel and Chinese Premier Li Keqiang defended the Iran nuclear deal on Thursday, with Li hinting a collapse in the pact would complicate negotiations to disarm North Korea.The...

US-Europe compromise on Iran a long way off: German FM

23 May 2018 | 0 comments

The United States and European countries remain "a long way from a compromise" on a new Iran nuclear deal after the US's withdrawal from the 2015 agreement, Germany's foreign affairs minister said Wednesday."We...

Deutsche Bank to slash 10,000 jobs: reports

23 May 2018 | 0 comments

German financial giant Deutsche Bank could cut up to 10,000 jobs as it looks to convince investors it is serious about returning to profitability, according to media reports Wednesday.Citing "people familiar...

Berlin agrees to compensate power firms for nuclear exit

23 May 2018 | 0 comments

The German government approved a draft law Wednesday that paves the way for energy giants RWE and Vattenfall to receive hundreds of millions of euros in compensation for the country's decision to phase...

First conviction in massive German tax fraud case

23 May 2018 | 0 comments

A German court has ordered French bank Societe Generale to pay lender Helaba millions in compensation, the first conviction in a massive tax fraud investigation, AFP learned Wednesday.Societe Generale...

Turkey accuses Germany of 'democracy deficit' over campaign ban

23 May 2018 | 0 comments

Germany is showing a "democracy deficit" by denying Turkish politicians permission to campaign ahead of their June elections, the deputy chairman of the ruling AKP party said in an interview Wednesday....

Hamburg is first German city to order diesel bans

23 May 2018 | 0 comments

Authorities in Hamburg said Wednesday they would ban some diesel vehicles from two major arteries to improve air quality, making the German port city the first to take the long-feared step."Driving limits...

As Brexit looms, Germany sees jump in Brits taking citizenship

23 May 2018 | 0 comments

The number of Britons who have obtained German citizenship has shot up dramatically since Britain's decision to quit the European Union, official data showed Wednesday."A link with the upcoming Brexit...

Two sportscar-sized satellites in orbit to measure Earth's water

22 May 2018 | 0 comments

A SpaceX rocket Tuesday blasted off a duo of sports car-sized satellites built by the US and Germany to reveal changes in sea level rise, ice melt and drought on Earth."Three, two, one, liftoff!" said...

Porsche recalls car model aimed at the very young

22 May 2018 | 0 comments

Luxury German automaker Porsche on Tuesday ordered a recall of a recent model, citing safety hazards for joyriding operators and offering full refunds.About 1,700 units of the wooden toy car, "My First...



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