Germany keen to support India&#39;s economic growth
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NEW DELHI - German Chancellor Gerhard Schroeder said in New Delhi Wednesday that India&#39;s rapid economic growth made it an attractive destination for German investors.
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BEIJING - German Chancellor Gerhard Schroeder met with Chinese Premier Wen Jiabao on Monday with Beijing giving Germany its backing in for Berlin&#39;s quest for a seat on an expanded United Nations&#39; Security Council as part of plans for reforming the UN.
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Germany's economy, the largest in Europe, will grow more slowly than expected both this year and next, two top research institutes said Thursday.
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Chancellor Merkel gets high marks as Germany prepares to lead the EU next year and host the G-8 summit.
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India and the European Union have signed a &#39;strategic partnership&#39; deal which officials say will significantly boost their relationship.
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It was the main driving force behind the country&#39;s post-war economic miracle and even now still accounts for 20 percent of Germany&#39;s gross domestic product (GDP) and 3.3 million people are currently employed in the sector directly, or as many as 8.8
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German Chancellor Gerhard Schroeder has hailed his Turkish counterpart as a &quot;great reformer&quot;, while promising support for the country&#39;s EU bid.
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Germany's economy minister gives an upbeat assessment of the economy, forecasting growth of up 2.5%.
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German Chancellor Gerhard Schroeder said he would press for closer economic ties between Asia's fourth-largest economy and his country during talks with Indian leaders.
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The Bundesbank expects the German economy to grow by around 2.75 percent this year, thereby providing &quot;substantial impulses&quot; for the 12-country eurozone as a whole, the German central bank's president Axel Weber said.
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German Finance Minister Hans Eichelsaid Thursday that the country's economy could grow more than 1.5 percent this year.
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The German economy grew by a solid 2.5 percent last year, helped by strong exports, but a downbeat survey of investor confidence pointed to clouds on the horizon for Europe's biggest economy.
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Prime Minister Manmohan Singh said India's economy would grow by 7.5 percent annually over the next decade and could be one of the world's biggest economies in the next generation.
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The German economy grew by 2.5 percent last year, provisional figures released on Tuesday by the national statistics office Destatis showed.
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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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BERLIN  - Germany's leading economic institutes on Tuesday raised their growth forecast for the country this year to 1.8 per cent, but predicted that the recovery in Europe's largest economy would slow next year amid slowing export growth and high oil prices.
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Indian Prime Minister Manmohan Singh called for an &quot;arc of prosperity&quot; with fellow democracy Japan but warned that Asia's largest economy needed to translate good feelings into more investment.