World

Lufthansa earnings nosedive on restructuring costs

German airline Lufthansa posted a net loss in the first half of 2013 as it seeks to become fitter for fiercely competitive aviation markets. Surprisingly, it still expects full-year profit to be higher than last...

How worried are you about privacy as you quantify yourself online?

Mobile devices let us do more than just stay connected. They can help us track and log every aspect of our lives. But what does storing your ‘quantified self’ online mean for privacy? Who knows...

BMW posts mixed quarterly results as costs rise

German luxury carmaker BMW has said its net profit has climbed in the second quarter. However, that was mainly a result of the company’s strong financial arm, while core car-making operations didn’t meet expectations. Net...

Siemens strengthens business ties with US government

The United States is the largest market for German engineering and electronics giant Siemens. The company is now taking a strategic approach to further expand its scope of activities in the country. Do something good...

Sport on the rise as significant economic factor in Germany

A fresh study has shown that both active and passive sporting activities have been a blessing for the German economy at large. The survey showed people spend tens of billions of euros in the sector...

Japan joins EU in WTO complaint over Russia’s car levy

Japan has filed a trade complaint against new WTO member Russia over a fee the latter levies on car imports. Critics allege the tax is illegal, as the fee meant to cover recycling costs did...

German finalists Bayern, Dortmund rake in 50 million plus from Champions League

UEFA has published its list of top earners from the past season’s Champions League and Europa League competitions. Champions League winners Bayern Munich, and runners-up Borussia Dortmund received healthy windfalls. European football’s governing body, UEFA,...

Commercial space industry shows promise in the US

This month marks two years since NASA’s final space shuttle launch from Florida. The end of NASA’s Space Shuttle program has led to the commercialization of the industry. For years, NASA was only rivalled by...

G20 to chart road to recovery as growth fears mount

G20 finance ministers and central bankers are meeting in Moscow to tackle emerging threats to growth. Their agenda includes the jobs crisis in Europe, currency fears in emerging nations and corporate tax avoidance. The two-day...

The impact of changing demographics

The latest United Nations projection for world population reflects the significant demographic changes likely to occur in different parts of the world over the next few decades. The changes have strong economic implications, and many...

‘Prism’ burns America’s Internet supremacy

Finally, Snowden has made his reappearance. Speculation concerning his whereabouts has excited considerable media attention around the world, but this should not become a pretext for avoiding the hard questions around the Prism event. Washington...

Lab simulates space conditions for medical studies

A special lab that allows test subjects to live and be observed in altered conditions recently opened in Cologne. It’s an ideal testing ground both for spaceflight and medicine. Envihab – a combination of “environment”...