World

German finance minister pushes for EU treaty change

German Finance Minister Wolfgang Schäuble sees a window of opportunity to push through a deep reform of EU institutions. He thinks Europe’s crisis-fighting efforts have created momentum for changing the EU treaty. Wolfgang Schäuble wants...

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SMS is dead…

The telecommunications industry is losing billions to competition from social messaging apps like Facebook, WhatsApp and Viber, a report says. The industry knows it’s time to fight back. On a recent trip abroad, I had...

German insolvencies and liabilities increase

Statisticians have warned the number of both corporate and household insolvencies is on the rise again in Germany. But an independent study by an insurance group shows neighboring France has been doing even worse. Over...

Greece’s largest company leaves for Switzerland

Coca Cola Hellenic has confirmed it will shift its corporate base from Greece to Switzerland. The move of Greece’s largest company is another blow to the nation which stands to lose millions in revenues. The...

Slim German majority favors Greece in euro: poll

A fresh poll has shown that more Germans want Greece to stay in the eurozone than want it to leave. The results of the survey by a public broadcaster indicate a change in sentiment despite...

Polish government announces huge investment plan

Poland’s prime minister has unveiled a multibillion-euro investment plan to fuel growth. The move is also aimed at boosting support for the government, which has seen its popularity dwindling of late. On Friday, Prime Minister...

Huawei rejects US security threat claims

Huawei has denied US Congress claims that it poses a security threat on American soil. Congress is due to call for top Chinese telecoms giants to be barred from the US amid espionage concerns. Chinese...

German exports in August stun analysts

German companies have posted a surprise increase in exports in August. Fresh statistical data show that sluggish trade with eurozone nations has been comfortably offset by stronger demand outside that bloc. German exports logged a...

Foxconn says factory is i-ok after strike reports

Taiwanese electronics giant Foxconn, which assembles Apple products, has rejected claims of strikes at a plant in China, saying there was no impact on production. This followed reports of thousands dropping tools. The Foxconn Technology...

Boeing set to outsell Airbus

US aircraft maker Boeing is very likely to overtake Airbus in sales and deliveries this year, after trailing its European rival for nearly a decade. Airbus is hamstrung in 2012 by problems with its new...

ECB holds interest rates at Slovenia meeting

The European Central Bank (ECB) has decided to keep its main refinancing rate unchanged in a bid to calm markets. But the focus really has been on when exactly its bond-buying program will get off...

European court strengthens air passengers’ rights

The European Court of Justice has strengthened the rights of air passengers in two separate rulings. Travelers are entitled to compensation even if booked flights are cancelled for operational reasons. The European Court of Justice...