GERMANY

Germany to post record rise in solar capacity

IBTimes Logo
Germany will add a record of up to 3 gigawatt (GW) of photovoltaic capacity this year due to unexpectedly strong demand in the final months of 2009, the head of Germany's BSW solar industry association said on Monday.

GM to present plan to fix Opel this week

IBTimes Logo
General Motors will present a plan to European governments to save struggling carmaker Opel within days, a rescue set to cost 3.3 billion euros ($4.9 billion), those involved in talks said on Monday.
IBTimes Logo

Opel workers to discuss restructuring plan on Weds

Union representatives hope the future of Opel's 50,000 workers in Europe will become clearer when they meet on Wednesday with General Motors' interim regional chief Nick Reilly to discuss restructuring plans.
More news
IBTimes Logo

Powers urge Iran to reconsider nuclear offer

Senior officials from six world powers said on Friday they were disappointed Iran had not accepted proposals intended to delay its potential to make nuclear bombs, and urged Tehran to reconsider.
IBTimes Logo

Ford to invest $2.3 bln to boost Brazil output

Ford Motor Co plans to invest 4 billion reais ($2.26 billion) in Brazil to boost output as record-low borrowing costs and a recovery in Latin America's largest economy stoke demand for new cars, Mark Fields, the company's president for the Americas, said on Friday.
IBTimes Logo

New EU president raises fears in aspirant Turkey

Herman Van Rompuy's appointment as the first European Union president provoked fears in Turkey that he might hinder Ankara's hopes of joining the bloc, with some media declaring outright that he is anti-Turkish.
IBTimes Logo

Ford to invest $1.2 bln to grow in Brazil-governor

Ford Motor Co plans to invest 2 billion reais ($1.15 billion) in Brazil through 2015, most of it on a plant in the northeastern Bahia state, to expand production and benefit from expected growth in Latin America's largest economy, the state governor said on BandNews radio on Friday.
IBTimes Logo

Trichet warns banks risk addiction to support

Banks risk becoming addicted to cheap central bank cash used to fight the financial crisis and must prepare for its eventual withdrawal, the head of the ECB warned at a Frankfurt banking conference on Friday.
IBTimes Logo

GM to present Opel restructuring plan in Dec

U.S. carmaker General Motors will present a new viability plan for Opel in mid-December as it aims to reduce capacity across Europe by about 20 percent, a top executive said on Thursday.
IBTimes Logo

Volkswagen seeks to steer clear of job cuts

Volkswagen, Europe's biggest carmaker, raised hopes the 90,000 workers in its high-wage western German plants could extend their job guarantees a further three years until 2014, a senior executive told Reuters.
IBTimes Logo

Phoenix Solar eyes partner in China

Phoenix Solar AG, one of Europe's largest solar power developers, is in talks to partner with a Chinese firm to push its business in China, said a company executive.
IBTimes Logo

UK small wind blows strong despite recession

Britain's small wind sector is booming despite the recession as many rural homes, farms or small business are putting up turbines in the yard to counter higher energy prices and blackouts.
IBTimes Logo

European shares fall for 3rd day, banks weigh

European shares were down on Thursday, set to fall for a third consecutive session, as banking stocks weighed, while food producers also fell after Danone (DANO.PA) cut its sales growth target.
IBTimes Logo

Stock futures signal losses; eyes on techs

U.S. stock index futures pointed to a lower open on Wall Street on Thursday, with futures for the S&P 500 down 0.61 percent, Dow Jones futures down 0.51 percent and Nasdaq 100 futures down 0.44 percent at 1030 GMT (5:30 a.m. EST).
IBTimes Logo

India Suzlon unit wins U.S. wind turbine order

India's Suzlon Energy said on Wednesday its German unit REpower Systems has signed a contract to supply wind turbines with a total capacity of 18.45 megawatts to U.S. firm Heritage Sustainable Energy LLC.
IBTimes Logo

Climate deal must have immediate effect, Obama says

U.S. President Barack Obama said on Tuesday next month's climate talks in Copenhagen should cut a deal with immediate operational effect, even if its original aim of a legally binding pact is not achievable.
IBTimes Logo

A Fragile Global Recovery

Recent economic data from some of the world's largest industrial regions suggests that the world may be moving towards growth, however the largely government manufactured recovery leaves open the question as to whether recovery can be sustainable.
IBTimes Logo

Bankers cross swords over bailouts

Germany's Bundesbank urged banks to use a markets recovery to restructure and prevent a rerun of the financial crisis even as Deutsche Bank's chief called for a common bailout fund with taxpayer backing.
IBTimes Logo

Online gangs cash in on swine flu

Criminal gangs are making millions of dollars out of the H1N1 flu pandemic by selling fake flu drugs over the internet, a web security firm said on Monday.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.