Demand for German high-tech products rises
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Exports of German high-tech goods   rose 10 percent in the first half of 2006, helped by a sharp   rise in exports to neighboring Poland, but German demand for   high-tech imports, especially from China, grew faster.
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Orders placed with manufacturing companies in Germany rose in October, after gaining slightly the previous month, thanks to a large number of big-ticket domestic orders, data published by the Economics and Labour Ministry showed.
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The number of unemployed rose by 12,000 last month and economists say there will be more than five million job seekers in Germany by early next year.
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Worldwide sales of semiconductors rose 9.2 percent to $21.5 billion in January from a year earlier as economic confidence buoyed demand for consumer products like mobile phones and computers, Bloomberg News reported from Berlin.
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The company said it has benefited from growing demand for handsets that work on the new higher-speed networks being introduced by carriers in the U.S., Europe and Asia.
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German corporate sentiment unexpectedly rose in November to equal a 15-year high as business expectations and firms' assessment of current conditions improved, a key survey showed on Thursday.
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Volkswagen says full-year profits more than double fuelled by unit sales and increased demand for new models.
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(InfoWorld) - German Chancellor Angela Merkel has called on politicians, business leaders, and researchers to cooperate more closely in helping the country secure a leading position in the global IT sector and pledged money to support collaborative efforts. Speaking at Germany's first-ever IT summit on Monday, Merkel said communications and telecommunications companies need to hook up with the country's traditional heavyweights such as the automotive and chemical sectors and collaborate more intensively in the area of software engineering. Already today more than half of the innovations in the automobile industry are based on software. The Chancellor pledged â¬1.2 billion ($1.6 billion) in grants over the next three years to support innovation in Germany's IT sector. The funds will come from the federal government's â¬15 billion high-tech investment program approved earlier this year. But Merkel was quick to add that in the future, industry grants should be carefully targeted and not simply "poured out of a watering can." Germany has seen its strong tradition of technological innovation steadily wane over the years, due in part to high labor costs that have deterred investment and declining university standards that have caused a brain drain. The country claims a number of IT achievements, including the Zuse, seen by some as the first freely programmable computer, and the MP3 audio compression algorithm. SAP Chief Executive OfficerÂ Henning Kagermann was blunt in his assessment of Germany's IT standing. Although the communications and telecommunications sectors combined employ around 800,000 people and generate annual revenue of around â¬150 billion, making it the country's largest industrial sector, "in a global comparison, we are not a leader and, even worse, we are falling behind," he said. In addition to funds, the government initiative calls for immigration policies designed to attract talented researchers from around the world, and grants to keep gifted students in the country.
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German carmaker BMW sees its group-wide sales rise 7%, driven by strong demand for its UK-made Mini.
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Germany's unemployment rate unexpectedly rose to 10.7pc in September, the highest since February 1999, as a shrinking domestic economy prompted companies to demand more from existing staff rather than adding ...
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German business confidence is at its highest level since 1991, a leading survey finds.
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Advanced Micro Devices is building a new plant in Germany but still needs outside assistance to meet expected demand.
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German Gross Domestic Product grew unexpectedly strongly in the second half of last year.
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After months in a slump, Germans have found a fresh taste for shopping, with Christmas giving the eurozone's biggest economy a boost, a survey by the GfK institute showed Thursday.
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Germany defended its rank as top global exporter last year, beating a fast growing China for possibly the last time as it posted a sharp increase in its trade surplus on Friday.
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The growing functionality of mobile phones is driving demand for new and stronger security products.
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Companies in Germany's key manufacturing sector saw a rebound in orders in July, buoyed by strong demand for German-made goods both at home and abroad, official data showed.