GERMANY

IBTimes Logo

VW board set to approve Porsche contracts - sources

The supervisory board of Volkswagen is set to approve on Thursday contracts drafted for a merger with indebted parent Porsche SE and the partial acquisition of Porsche's sports car business, sources close to the matter told Reuters

Online gangs cashing in on swine flu

IBTimes Logo
Criminal gangs are making millions of dollars out of the H1N1flu pandemic by selling fake flu drugs over the internet, a web security firm said on Monday.
IBTimes Logo

H&M October sales lag, blames recession

Swedish fashion retailer Hennes & Mauritz (HMb.ST) posted an unexpected 3 percent drop at established stores in October, blaming weak sales in some of its major markets on the global downturn and knocking its shares.
More news
IBTimes Logo

European recession over, still blackspots

The euro zone shook off recession in the third quarter although the largely government-engineered rebound after more than a year of shrinkage fell a little short of forecast, official estimates showed on Friday.
IBTimes Logo

German EconMin says no state aid needed for Opel

German Economy Minister Rainer Bruederle said on Thursday U.S. carmaker General Motors Co does not need state aid for its European unit Opel because the company can shoulder the cost of restructuring by itself.
IBTimes Logo

Euro zone Q3 recession exit less robust than thought

The euro zone economy jumped out of recession in the third quarter, data showed on Friday, but with slightly less spring than expected after growth in the area's top three economies fell short of market forecasts.
IBTimes Logo

GM still wants state aid for Opel restructuring

General Motors reiterated on Friday it wanted state aid to help restructure European arm Opel after Germany's economics minister said the carmaker would not ask European taxpayers for help.
IBTimes Logo

Dollar turns lower; euro zone GDP in focus

The dollar edged lower on Friday, paring some of the previous day's gains following a bout of profit-taking in perceived riskier currencies, with focus on the release of euro zone gross domestic product data.
IBTimes Logo

Euro zone economy jumps out of recession in Q3

The euro zone economy jumped out of recession in the third quarter, data showed on Friday, but with slightly less spring than expected after the area's top three economies fell short of market forecasts.
IBTimes Logo

Dollar eases, lifting commodities; stocks tick up

The U.S. dollar eased on Friday after overnight gains and ahead of euro zone growth data, boosting metal and crude prices, while world stocks drifted higher. The dollar rose overnight against a basket of currencies but succumbed to another sporadic bout of profit-taking, and traders said the currency's broad weakness was likely to continue over the longer term.
IBTimes Logo

Minute: A Look at the Senator Chronometer

Glashütte Original presented the Senator Chronometer at a Tourbillon Boutique in New York City on Tuesday; a certified and technically interesting watch that has become a hit among watch collectors.
IBTimes Logo

GM should cover Opel revamp costs -German EconMin

German Economy Minister Rainer Bruederle said after meeting General Motors executives on Wednesday that the U.S. carmaker needed 3.3 billion euros ($4.9 billion) for its plans to restructure its Opel unit.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.