GERMANY

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Oscar voting underway

Final Oscar ballots were mailed on Wednesday to around 5,800 members of the Academy of Motion Picture Arts and Sciences.

Germany

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Germany’s landscape is as diverse as any country in the world. From the awe-inspiring Alpine Foreland, home to the Zugspitze mountain, Germany’s tallest at 2.962 meters (9.715 feet), providing a playground for hikers in summer and skiers and snowboarders in winter; down to the spotless 38 kilometer (24 mile) stretch of golden sandy beach on the island of Sylt and the National Park of Wattenmeer i...
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German crash-lands car on church roof

A German motorist missed a bend in the road, broke through a barrier and hurtled up a bank, crash-landing on a church roof in eastern Germany, police said on Monday.
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OzForex Daily Commentary - 21/01/2009

Australian Dollar: The Aussie dollar traded lower in local trade yesterday weighed down by continued weakness in equity markets and a slide in the Euro. After holding onto
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Europe urges Russia, Ukraine in gas dispute

European officials are urging Russia and Ukraine to quickly enforce an agreement to resume delivery of natural gas to many of the freezing nations affected by a dispute which has paralyzed supply delivery. Millions of people are enduring heat and cooking gas shortages as well as sub-zero temperatures at this time.
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China: World's 3rd richest economy for 2007

On Wednesday, a new data record showed that China's economy grew to become the world's third-largest in 2007 reflecting the countries amazing ability to overcome yet another milestone in the country's stunning rise in the global pecking order.
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Deutsche bank forecasts full year huge loss

Germany's biggest bank Deutsche Bank AG reported on Monday it estimates a loss of 4.8 billion euro or $6.4 billion on the fourth quarter on what it called exceptional market conditions which impacted sales and trading businesses.
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Russia begins pumping gas to Europe again through Ukraine

Russia began sending gas to Europe through Ukrainian pipelines on Tuesday, ending nearly a week-long contract standoff that came in the middle of winter. It will take up to 36 hours for the gas to make its way through the pipelines, however a dispute about gas for the Ukraine has not been settled yet.
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Merckle, German businessman commits suicide

Adolf Merckle, a German billionaire businessman whose investments ranged from pharmaceuticals to cement, committed suicide in the wake of heavy losses during the current global financial crisis.
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US Auto Sales Continue to Drop

Ford Motor Co. posted a 32% drop in U.S. light-vehicle sales for December while Toyota Motor Co. reported a 37% fall and Honda Motor Co. had a 35% decline, closing out the auto industry's worst year in more than 15 years.
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USD Rallies, Awaits Data

The dollar bounced against the majors at the start of the week, rallying to 1.3555 versus the euro from 1.3962 and edging up to 93.56 against the yen.
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Starbucks to open 150 stores in EU

US coffee chain Starbucks has announced its intentions to open 150 new outlets in Britain, France and Germany in the next three years in a deal with SSP. SSP is a UK group which runs Burger King and Pizza Hut stores.
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EC criticises UK budget deficit

The UK is to become the subject of disciplinary proceedings from the European Commission as its budget deficit continues to grow.
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News Corp. Raises Stake in Premiere to 25 Pct

US media giant News Corporation said Monday it has raised its stake in German pay-television operator Premiere to 25 percent, the second increase since buying into the firm in January.

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