GERMANY

Slowdown looming but no double dip

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The global economy looks likely to avoid a relapse into recession, although the next six months may be anemic, with three main causes for concern.

Google to provide data to European authorities

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Google Inc said on Saturday it would hand over data it collected through wireless networks to French, German and Spanish authorities as it faces mounting legal issues concerning its data collection.
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Germany, Russia agree stable euro key for growth

Berlin and Moscow agree that a stable euro is key for global financial stability and sustainable economic growth, German Chancellor Angela Merkel and Russian President Dmitry Medvedev said on Saturday.
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Opel gets more time to lobby Germany on aid

The German government has delayed a vote which was expected to rule out federal aid for General Motors' European unit Opel, giving Opel's supporters a few more days to lobby Berlin to change its mind.
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Carmakers, suppliers in electric car power struggle

Electric cars offer a chance to develop lucrative new technologies, and suppliers would benefit from grabbing more of this work -- but they will have to fight carmakers keen to hold on to control of future profits.
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Ash cloud hangs over Berlin air meetings

Top executives of the world's biggest airlines will gather in Berlin this weekend, seeking elusive answers to the future of the industry as they move past the financial crisis and the damage from Iceland's ash cloud. The International Air Transport Association holds its annual meeting in the German capital from June 6-8, followed by the ILA Berlin Air Show from June 8-13.
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German minister sees Facebook fined over privacy

Germany's consumer protection minister said on Thursday she would quit Facebook over what she called privacy law violations that she believed would lead to the company being fined by German data protection authorities.
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Burger diet linked to higher childhood asthma risk

Children who eat three or more burgers a week may be at a higher risk of asthma and wheezing, but a healthy diet rich in fruit and fish seems to stave off the risk, according to a large international study.
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Geithner wants growth-friendly fiscal reform

Group of 20 nations must agree to put public finances back on a sustainable path but in a way that doesn't choke off global recovery, Treasury Secretary Timothy Geithner said on Wednesday.
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Forex - Top 10 central banks with biggest reserves

Central bank reserve holdings have exploded globally in the last decade and nowhere more so than in Asia, where the biggest piles of cash are. Since 2000, global foreign exchange reserves have grown by a staggering $6.15 trillion and stood at $8.09 trillion at the end of 2009, or 14 percent of the world's gross domestic product, International Monetary Fund data showed.
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Asian stocks fall, yen dips as Japan PM quits

Asian stocks followed Wall Street down on Wednesday as jitters over the euro zone's debt crisis prompted investors to keep cutting riskier positions, while the euro steadied after hitting a four-year low.
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Canada probes Google on wireless data collection

Canada has launched a probe into Google Inc as legal problems escalate surrounding the search engine's disclosure that it collected private data while taking photographs for its Street View product.
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EUR/USD … silence before the storm ?

Good morning dear traders, .... there is not much to report of yesterday´s trading day as there have been only little trading chances due to very low volatility in the markets.
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ECB warns of more bank loan losses

The European Central Bank warned on Monday that euro zone banks face up to 195 billion euros in a second wave of potential loan losses over the next 18 months due to the financial crisis, and disclosed it had increased purchases of euro zone government bonds.
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Apple says sold 2 million iPads

Apple Inc said it sold 2 million iPads since launching the touch-screen tablet in the United States nearly two months ago and taking it to nine international markets this past weekend.
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Weber says ECB bond buys must be tightly capped

European Central Bank policymaker Axel Weber on Monday urged a tight cap on the bank's government bond buying program, saying extraordinary steps taken to ease the debt crisis posed a risk to its main goal of price stability.

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