"German" tag
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Ford looking to cut thousands of jobs in Europe

Most of the jobs Ford intends to cut will be in Germany with some 2,900 layoffs expected. The US carmaker urged Berlin to set a “clear policy agenda” to promote electric cars amid a slump...

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German metalworkers union secures 5.5% wage hike

IG Metall struck an agreement guaranteeing compensation payouts, shorter work-weeks and job guarantees. The union has yet to negotiate deals for worker in the east and in Saarland on the French border. Germany’s IG Metall, Europe’s...

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German sandal maker Birkenstock heads to US stock market

Soon Birkenstocks won’t just be available at shoe stores. If its owners have their way, the German company will be trading on the New York Stock Exchange. The move to America will make its European...

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Siemens partners with India on railway modernization

German industrial giant Siemens is eyeing lucrative business opportunities as the Indian government attempts to modernize the nation’s railway infrastructure. Last month, German engineering giant Siemens received the largest locomotive order in its history from...

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German economy plunges by record 9.7%

The second-quarter contraction was the worst ever since documentation of GDP figures began in 1970. The drop was, however, not as steep as the 10.1% contraction that economists initially anticipated. The German economy, Europe’s largest,...

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Implications of German and Japanese Political Developments

There have been two developments in German and Japanese politics that will likely have implications for future policy. Let’s review the developments and consider the implications for investors. There is much talk of the Jamaica...

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Germany tightens takeover rules to shield ‘critical’ businesses

Foreign investors, especially from China, are keen on German know-how – even in sensitive areas. The German government is now seeking powers stop such takeovers to protect strategic industries. The cabinet of Chancellor Angela Merkel...

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EU firms seeking level playing field in China

European companies operating in China face a raft of tough challenges amid the ongoing slowdown in the world’s second-largest economy. Still, if allowed, most of them would like to expand their presence in the country....

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Generosity vs. fear: How German supermarkets deal with refugees

A supermarket owner in the western German town of Jüchen spontaneously offered his help when a bus with refugees arrived in the middle of the night. Firefighters, who were organizing the logistics for the refugees’...

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Wrath of Draghi: German Banks Impose ‘Punishment Interest’

Commerzbank, Germany’s second-largest bank, a toppling marvel of ingenuity during the Financial Crisis that was bailed out by ever dutiful if unenthusiastic taxpayers, will now reward these very folks with what Germans have come to...

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Another Tussle: Sanskrit vs German

When I first joined college I had a desire to study Sanskrit as second language. But in my college Sanskrit was not taught to beginners. It was being taught at a slightly advanced level to...

Siemens to cut 15,000 jobs by end of 2014

The German engineering giant Siemens has said it plans to cut 15,000 jobs from its workforce by the end of 2014. However, the company has said it hopes to make the cuts without actually putting...