Consumer Watchdog Sets a German Gold Standard
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When Germany's consumer watchdog flunked the country's honey makers, the report got producers and tea drinkers buzzing.
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FRANKFURT - Surging oil prices and the strength of the euro, currently at an all-time high around 1.32 dollars, are currently weighing on business morale in Germany, the eurozone&#39;s biggest economy, a new poll showed.
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Consumer confidence in Germany, Europe s biggest economy, climbed to a six-month high as the winter holidays prompted shoppers to increase spending, the GfK market research company said.
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The German government will stick to its disputed goal of raising living standards in the formerly communist east to western levels despite the spiraling costs, Chancellor Gerhard Schroeder said Tuesday.
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HypoVereinsbank, Germany's second-biggest bank, could save up to 300 million euros (390 million dollars) from the cost-cutting programme it announced recently, sources close to the matter told AFP.
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EU Economic Commissioner Joaquin Almunia has decided to accept Germany's plan to bring its deficit back on track, a report said on Saturday.
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German consumer sentiment was shaken this month by the turmoil on financial markets caused by the US subprime crisis, a poll showed on Wednesday, reflecting fears that the country&#39;s economic honeymoon may end.
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Germany's National Library is now fully licensed to duplicate copy protected electronic books and other digital media such as CDs and CD-ROMs. The object and scope of the agreement seems pretty limited, anyway.
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German consumer confidence has risen unexpectedly before Christmas, figures from researchers GfK show.
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The German and French financial watchdogs said on Thursday they were looking into recent trading by US financial services group Citigroup (CN: Quote, Profile, Research) in European government bond and derivative markets.
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The German economy, the biggest in the 12-country eurozone, is currently in party mood, with business confidence at its highest level since unification 16 years ago.
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German gross domestic product grew unexpectedly strongly in the second half of last year.
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Germany's trade surplus will reach a record high of 158 billion euros (199 billion US dollars), The German Wholesale and Foreign Trade Federation, or BGA, reported Thursday.
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German investor confidence rises in December after touching a 13-year low in November.
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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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German inflation looks set to remain steady or pick up only moderately this month as lower oil prices take the sting out a sharp increase in value-added or sales tax (VAT), regional consumer price data showed on Tuesday.
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The German economy, Europe's biggest, is currently running up one record after another.