German firms upset over plans to slash Iraq debt
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BERLIN: German construction firms yesterday slammed plans by the Paris Club of creditor nations to wipe out 80 per cent of Iraq&#39;s debt, warning that individual companies might seek to seek legal action against the German government to protect their claims
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Germany&#39;s finance minister has said he and his American counterpart have worked out a deal to write off 80 percent of Iraq&#39;s $120 billion foreign debt.
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A key index of German business confidence dropped in November amid worries over the impact of strong euro and high oil prices on Europe&#39;s largest economy, it was reported Thursday.
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Germany&#39;s economic woes deepened as General Motors Corp. and KarstadtQuelle AG announced plans to cut as many as 15,000 jobs in Europe&#39;s largest economy.
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German business confidence fell again in September amid concerns over market turmoil, a survey says.
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Business confidence in Germany slipped for the sixth month in October, as companies in the eurozone's biggest economy took a dimmer view of the six-month outlook, a survey showed Thursday.
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The proposed sale to Iraq&#39;s new armed forces of 20 Fuchs armored personnel carriers and 100 light military trucks and Blair&#39;s speech at his party&#39;s conference dominated German editorials on Wednesday.
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Business confidence in Germany cooled unexpectedly in June as the prospect of rising interest rates and high oil prices sent an unseasonable shiver through companies in the eurozone&#39;s biggest economy, a key survey showed on Friday.
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Iraq's debts to the Paris Club of creditor nations will probably not be cut by much more than half, a source close to the German government said.
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The German government on Wednesday adopted draft proposals for a reform of corporate taxation that would lead to a big cut in company taxes from next year.
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German officials voiced concern Monday that their country has the most to lose with President Bush's announcement that tens of thousands of troops will come home over the next decade - changes that will have an ...
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German corporate sentiment deteriorated  more than expected in December after a brief rise in November  as firms took a bleaker view of current business conditions, a  closely watched survey showed on Wednesday.
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German and French leaders raise fears  over the impact of job cuts at Airbus before a key summit on Friday.
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The German government said on Tuesday  U.S. plans to pull out 30,000 troops were a sign of Europe's  divisions being healed, but communities hit by the decision  warned they were headed for economic disaster.
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German business confidence dropped in August, reflecting concerns about economic recovery in the country, a survey made by a leading economic institute showed Thursday.
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German business confidence fell to its lowest in over a year in November as the euro&#39;s surge to new highs and strong oil prices clouded the outlook for exports.
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Business leaders in Germany appeared wary about the outlook for the eurozone's biggest economy, as the German government insisted that the current recovery would continue, even if surging oil prices would brake growth slightly.