Germany
‘Made in Germany’ sees increased international demand
BERLIN: German industrial orders rose more than expected in March. The surprisingly strong numbers suggest industrial output is likely to...
German tax revenue to rise considerably
BERLIN: Following a three-day meeting, a panel of economic experts has said Germany is likely to see its tax income...
Deutsche Lufthansa cuts loss
BERLIN: Deutsche Lufthansa AG reduced its loss for the seasonally weak first quarter by more than two-thirds after benefiting from...
Hugo Boss profit plummets
BERLIN: Hugo Boss AG, the embattled German fashion retailer, reported its biggest drop in quarterly profit in at least six...
BMW’s Q1 net profit rises 8.2%
BERLIN: Luxury automaker BMW yesterday said net profit rose 8.2 percent in the first quarter as the company saw strong...
DJ – EU Sees Net Exports Weighing on German GDP Growth in 2016, 2017
FRANKFURT: European Union economists on Tuesday trimmed their German economic growth forecasts for this year and next, but said that...
Germany’s Schaeuble in favor of lower income tax
BERLIN: German Finance Minister Wolfgang Schaeuble is in favor of lowering income tax for workers and raising a relatively modest...
Berlin cracking down on Airbnb to rein in prices
BERLIN: Berlin from yesterday began restricting private property rentals through Airbnb and similar online platforms, threatening hefty fines in a...
Taxation: Commission refers Germany to Court for failing to amend VAT rules for travel agents
BERLIN: The European Commission has decided to refer Germany to the Court of Justice of the European Union for its...
Europe ends sharply down as earnings disappoint; DAX sinks 2.7%
FRANKFURT: European equities finished the last trading day of the month sharply lower, as a tick up in a number...
Germany’s TUI to sell Hotelbeds
BERLIN: German tourism giant TUI said it has agreed to sell off its Hotelbeds unit to two investment funds for...
German consumer climate predicted to rise considerably in May
MUNICH: The German consumer climate is to rise with the predicted overall indicator at 9.7 points for May, following a...
German manufacturers’ export expectations fall markedly in April
MUNICH: German manufacturers' expectations in export growth fell notably in April compared to last month, research group Ifo institute reported...
Germany’s Daimler profit falls 32%
BERLIN: German car, truck and bus maker Daimler AG has seen net profit fall 32 percent in the first quarter...
Germany’s economy has weak points, says think tank
BERLIN--Germany's economy is only superficially robust, hiding vulnerabilities to global economic conditions, according to a business survey from a leading...
Trans-Atlantic trade deal in focus as Obama visits Germany
BERLIN: When President Barack Obama opens the world’s largest industrial fair in the northern German city of Hannover on Sunday,...
German automakers to recall 630,000 cars to fix emissions
BERLIN: Volkswagen’s emissions-test cheating scandal spilled over to the wider car industry yesterday as Germany’s top manufacturers agreed to recall...
Germany confirms growth forecast despite weaker exports
BERLIN: The German government on Wednesday stuck to its economic growth forecast of 1.7 percent for this year, despite a...
Proposal: Raise ‘Muslim Tax’ to counter radical mosques
BERLIN: A German politician has proposed a tax on Muslims to counter the effects of the foreign financing of mosques...
German gov’t seeks tax break for EV buyers
BERLIN: Germany's government plans to boost demand for electric cars by exempting them from vehicle tax, according to a draft...
