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Economy

Record 40 Million Germans With Jobs in 2008

A German construction worker

A record 40.3 million people were employed in Germany last year, according to figures released by the Federal Office of Statistics. Elsewhere, however, there was further grim news for the German manufacturing sector. »

 

Aviation

Report: Lufthansa 'Interested' in Scandinavian Market

Lufthansa planes

German airline Lufthansa has confirmed it's been in talks with its ailing Scandavanian counterpart SAS, prompting a surge in SAS shares on Friday. »

 

Economy

Expert: Not All Bad News for German Job Market in 2009

Jobs on offer in the window of a Frankfurt employment agency

Despite the economic crisis, Germany's Federal Employment Agency doesn't anticipate an increase in the number of long-term unemployed people in 2009. One of the reasons: steady demand for skilled workers. »

 

Economy

German Finance Minister Warns Against New "Growth Bubble"

Finance Minister Peer Steinbrueck

German Finance Minister Peer Steinbrueck has warned against cutting interest rates to spur the country's economy, a move he insists would lead to a hazardous "growth bubble" in Germany. »

 

Economy

Inflation in Germany Dips in December

The Euro sculptur at the European Central Bank headquarters in Frankfurt, Germany

German inflation slowed to 1.1 percent in December, mainly as a result in a steep fall in the price of fuel, the Federal Statistics Office, Destatis, said Tuesday, Dec. 30. »

 

Business

Job Cuts Likely in 2009 Despite Promises, Employer Head Says

car assembly line

German companies could be forced to lay off workers next year, despite job guarantees offered by the nation's top corporations, the head of the country's industry federation said in an interview on Thursday, Dec. 25. »

 

Business

Brussels Approves European Bank Rescue Packages

Board members of IKB, Reinhard Grzesik, Dieter Glueder, supervisory board chairman Ulrich Hartmann, CEO Guenther Braeuning and board member Claus Momburg, from left, are silhouetted at the annual meeting in Duesseldorf, Germany

The EU's executive on Tuesday approved a raft of member-state plans to prop up their ailing financial institutions, including Germany’s IKB and NordLB, two of the country’s banks worst hit by the financial crisis. »

 

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