World

E-cars not yet a hit with German car owners

The German government is not giving up on its plan to have one million e-cars on the roads by 2020. The trouble is that potential buyers are anything but enthusiastic about them. Some 1,000 executives,...

Pharma industry accused of drug testing in poorer countries with lax regulation

Following reports of alleged drug testing on unknowing patients in communist East Germany, pharmaceutical firms are in the spotlight. The industry is accused of exploiting people for testing in poorer countries. “Many people in India...

Germany’s DZ Bank ends food speculation trading

Yet another German lender has announced it will end any speculative food trading after noting that such banking activities had proved controversial. The government in Berlin welcomed the move. Germany’s cooperative DZ Bank confirmed Monday...

Rough ride ahead for China’s economy

The world couldn’t hide its disappointment when China’s first-quarter GDP growth dropped to 7.7 per cent, slightly lower than market expectations. Unfortunately, this might just be the start; worse news could be just around the...

Twitter’s hash crash: social media and the financial markets

Twitter says it will beef up security for its users in response to recent breaches – one of which led to a major “flash crash” on Wall Street. We ask: what role do social media...

Ver.di announces fresh strike in dispute with Amazon

Key German trade union ver.di has asked the Amazon staff it represents to down tools in Leipzig, starting with the early shift on Monday. It’s the second Amazon strike this month in a dispute over...

We help Chinese startups in China and Silicon Valley

“We help the Chinese companies in the innovation space for many years,” said Ken Wilcox, Chairman of the Silicon Valley Bank during an interview conducted by People’s Daily Online in San Francisco. Actually, SVB Financial...

China’s Li visits Berlin amid trade tensions

China’s new premier Li Keqiang has been welcomed to Germany’s capital by Chancellor Angela Merkel. She is under pressure from Europe’s struggling solar panel branch to stop alleged price-dumping by Chinese manufacturers. Chancellor Angela Merkel...

IEA urges Germany to spread cost of energy shift fairly

The International Energy Agency (IEA) has said the German government must do more to protect consumers from paying too much of the transition costs to renewables. It urged the larger use of gas plants. The...

Indian scientists see cheap rotavirus vaccine as start of homegrown drug industry

Indian scientists have developed a low-cost rotavirus vaccine that could prevent severe infant diarrhea. At $1 per dose, it could save thousands of children’s lives each year in Asia and Africa. At a fraction of...

Deutsche Bank CEOs seek change amid protests

Deutsche Bank co-chiefs Jürgen Fitschen and Anshu Jain have pledged to shareholders they will press ahead with changing corporate culture. Re-establishing public trust in Germany’s biggest bank is the new campaign’s aim. In the past,...

The corporate tax tricks of ‘Big Business’

Global companies, like Apple, have a plethora of possibilities to avoid paying taxes. Mostly, they use loopholes created by lawmakers. Now, these tax dodging schemes are coming under scrutiny. The Senate governmental affairs subcommittee in...