GERMANY

Congo to cancel logging deals to protect forests

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Congo is ready to cancel more than half its timber contracts to protect the world's second biggest tropical forest but it wants more aid from foreign governments to help do so, the environment minister said.
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Gold moves higher but vulnerable

Gold drifted higher on Thursday on bargain hunting after a three-month low the previous day, but analysts said the metal had potential to test fresh lows.
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RAG CEO contract extension sets stage for IPO

The chief executive of German conglomerate RAG has had his contract extended by four years, the company said on Wednesday, a move that will help a planned multi-billion-euro flotation of certain RAG units.
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Siemens Names Loescher as New CEO

Siemens (NYSE: SI) announced on Sunday that it has named a new chief executive, as the industrial conglomerate attempts to reshape its image in the midst of various corruption investigations.
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Siemens Chairman Steps Down

Shares in Germany’s Siemens AG (NYSE: SI) rose over 4 percent on Friday after its supervisory board chairman said he would step down yesterday as the company tries to restore its image in the midst of a series of bribery and corporate corruption accusations.
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Airbus Drags Down EADS Profits

Major delays to Airbus' A380 superjumbo that led to a euro768 million ($1.01 billion) fourth-quarter loss made 2006 the worst year in European plane builder EADS NV's history, the co-chief executive officer said Friday.
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Disney to Expand Cruise Business

The Walt Disney Co. said Thursday it will expand its successful Disney Cruise Line business by adding two new ships which could launch by 2011 and 2012.
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Infineon Strikes Chip Deal With MasterCard

Semiconductor firm Infineon Technologies AG (NYSE: IFX) agreed to provide chips for one of the world's largest contactless payment networks, the firm announced today, entering into a new agreement with MasterCard Inc.
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Mercedes Debuts New C-Class Car

German car manufacturer Mercedes Benz presented the latest version of its entry level compact-car luxury car on Thursday, touting new styling and safety features.
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Firm to Build Flexible Display Plant in Germany

Philips Electronics spin-off Plastic Logic announced that it will build its first flexible display manufacturing plant in Germany after raising $100 million in equity to finance its technology.
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Smartphone Preferences Vary by Region

Smartphone sales over the next few years will be driven by emerging applications a new study finds, with different world regions seeking different mobile functionality.
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SMEs Urged to Comply with EU Standards

Small and medium-sized enterprises (SMEs) are being urged to be more competitive by continuing to support the European legislation for free trade, the European Commission said during its World Standards Day 2006 conference on Monday.
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Yahoo to Create Digital Time-Capsule

Internet search giant Yahoo Inc. is creating an electronic time-capsule - comprising electronic data submitted from internet users - which the company will use to commemorate the year of 2006.
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Remote Workers Engage in Risky Online Behavior

Most employees working away from the office say they are aware of security risks surrounding them and their data, however a new report released on Monday indicates they still engage in risky online behavior.

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