FRANKFURT (Reuters) - General Electric Co aims to buy a medium-sized business in Germany in the next six months to expand its technological footprint, German daily Sueddeutsche Zeitung reported, citing a manager at the U.S. conglomerate.
General Electric Co aims to buy a medium-sized business in Germany in the next six months to expand its technological footprint, German daily Sueddeutsche Zeitung reported, citing a manager at the U.S. ...
FRANKFURT (Reuters) - General Motors may expand production capacity in low-cost countries while closing its Bochum plant in Germany and Ellesmere Port site in Britain, a German magazine said, citing an internal strategy document. If vehicle sales rise, GM would build the additional cars in countries such as Poland, Russia, China, India, Mexico and Brazil, Der Spiegel said, quoting the document, entitled "Global Assembly Footprint". ...
THE Financial Times announced this morning that "cabinet ministers" have been discussing the nationalisation of the Royal Bank of Scotland. Britain's government already owns 82% of the bank after bailing it out in 2008. Fed up with the lack of lending, "senior government figures" are discussing whether to spend £5 billion buying up the 18% of RBS the state doesn't own.
Bundesbank president Jens Weidmann has categorically denied that the German central bank is prepared to tolerate higher inflation in order to improve the situation in the debt-mired eurozone.Such recent talk was an "absurd debate," he said in comments in Friday's Sueddeutsche Zeitung daily, stressing that the Bundesbank was mandated to maintain the annual inflation rate at around two percent.
German Economy Minister Rainer Bruederle said Friday that a switch from nuclear power to alternative forms of energy could cost Europe's top economy up to two billion euros ($2.9 billion) per year."It could be one to two billion euros," the minister told German radio, cautioning that a precise figure was "difficult to estimate."Citing internal government projections, the Sueddeutsche Zeitung daily earlier reported the costs would be three billion euros annually. "That order of magnitude seems a little high to me," countered Bruederle.
Farmers in Bavaria have launched a fresh attempt to stop their land being used for the 2018 Winter Olympics, potentially jeopardising Munich's bid to host the games, a newspaper report said Tuesday.Fifty-nine farmers in Garmisch-Partenkirchen, Munich's proposed co-host for the Games, have written a joint letter to the Bavarian state government calling for the bid to be withdrawn, the Sueddeutsche Zeitung daily reported.
European Union Energy Commissioner Guenther Oettinger said German energy companies should hand over to the state at least half their profits accrued from extending the life of nuclear power stations.He was speaking in an interview with the daily Sueddeutsche Zeitung Saturday as German bosses and economic figures have lashed out at a government proposal to tax nuclear energy production.