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  • AUGSBURG, Germany, May 27- The chief executive of German industrial robot maker Kuka said on Friday he welcomed an impending 4.5 billion- euro takeover bid from Chinese home appliance maker Midea. China is the world's biggest market for industrial robots and robot sales in China rose 16 percent last year, driving global sales up 8 percent. However, Chancellor...

  • *China slams G7 on statement on South China Sea. ISE-SHIMA, Japan, May 27- The Group of Seven industrial powers pledged on Friday to seek strong global growth, while papering over differences on currencies and stimulus policies and expressing concern over North Korea, Russia and maritime disputes involving China. G7 leaders wrapped up a summit in central Japan...

  • *G7 criticises N Korea, Russia. ISE-SHIMA, Japan, May 27- The Group of Seven industrial powers pledged on Friday to seek strong global growth, while papering over differences on currencies and stimulus policies and expressing concern over North Korea, Russia and maritime disputes involving China. "Global growth remains moderate and below potential, while risks...

  • ISE-SHIMA, Japan, May 27- A British exit from the European Union would be a serious risk to global economic growth, Group of Seven leaders said in a summit declaration on Friday, although German Chancellor Angela Merkel said the issue had not been discussed. British Prime Minister David Cameron, who is pushing for Britain to stay in the EU, told reporters on Friday...

  • ISE-SHIMA, Japan, May 27- A British exit from the European Union would be a serious risk to global economic growth, Group of Seven leaders said in a summit declaration on Friday, although German Chancellor Angela Merkel said the issue had not been discussed. The issue was not formally on the agenda at the two-day summit in Japan, but British government officials had...

  • *G7 criticises N Korea, Russia. ISE-SHIMA, Japan, May 27- The Group of Seven industrial powers pledged on Friday to seek strong global growth, while papering over differences on currencies and stimulus policies and expressing concern over North Korea, Russia and maritime disputes involving China. "Global growth remains moderate and below potential, while risks...

  • ISE, Japan— The leaders of the Group of Seven advanced economies pledged Friday to "collectively tackle" major risks to global growth, including direct political threats to the international order from terrorist attacks, violent extremism and refugee flows. G-7 leaders wrapped up their annual summit Friday in central Japan with a declaration that claimed a "...

  • ISE, Japan— The latest news on the Group of Seven summit in Japan, where the leaders of the seven advanced economies are meeting for two days:. President Barack Obama says G-7 leaders are focused on the need to accelerate economic growth. He says that the leaders of the G-7 nations are intent on using all of the tools at their disposal to put people back to work and to...

  • BERLIN, May 19- A $5- billion bid by Chinese home appliance maker Midea Group to buy German industrial robot manufacturer Kuka AG poses a dilemma for Angela Merkel. The conservative chancellor champions domestic innovation of the so-called industrial internet and her ruling coalition has made "Industrie 4.0," the digitisation of industry, a core part of its...

  • BERLIN 1/ 4 FRANKFURT, May 18- Germany's Constitutional Court will rule on June 21 on an emergency bond-buying plan devised by the European Central Bank at the height of the crisis, in a verdict that has the potential to upset the ECB's current money-printing program. The case was initiated by a group of about 35,000 politicians and academics in Germany who wanted...

  • FRANKFURT, May 18- Chinese home appliance maker Midea Group made an offer on Wednesday to buy German factory robot manufacturer Kuka AG, the latest bid by a Chinese investor to gain control of cutting-edge German industrial technology. The 115 euro per share offer values Kuka at around 4.5 billion euros and represents a premium of 36 percent to Kuka's share...

  • *ECB worried, Berlin would be willing to help. FRANKFURT, May 13- Almost one year into his tenure as Deutsche Bank's chief executive, John Cryan says he has ushered in a new culture of openness, rooted out bad behavior and set about untangling the bank's technology. Cryan, earlier at Switzerland's UBS, has been tasked with cleaning up a business which in three years...

  • BERLIN/ BRUSSELS, May 12- Germany looks set to abstain in a European Union vote next week on the continued use of glyphosate in weed killers because ministries run by different parties remain at odds over the chemical which some experts say could be carcinogenic. Experts from the EU's 28 member states will hold a closed-door meeting on Wednesday and Thursday in...

  • BERLIN, May 11- The European Central Bank's low interest rates are a burden for charitable foundations but it is up to euro zone governments to foster the growth necessary to lift inflation and allow the ECB to raise rates, German Chancellor Angela Merkel said on Wednesday. "The very low interest rates are a burden for charitable foundations, it makes them even...

  • MESEBERG, Germany, May 4- German Chancellor Angela Merkel said on Wednesday she would do everything she could to complete this year a sweeping free trade deal that is being negotiated between the European Union and the United States. Supporters say the proposed Transatlantic Trade and Investment Partnership would deliver more than $100 billion of economic...

  • MESEBERG, Germany, May 4- Japanese Prime Minister Shinzo Abe and German Chancellor Angela Merkel said on Wednesday they wanted to avoid turbulence on foreign exchange markets and Abe said Tokyo would act if necessary. "We are observing the currency market and if necessary we will then have to act," said Abe, who was in Germany to prepare with Merkel for an end-May...

  • They said the documents also showed the loophole in German tax rules had been exploited by some of the world's largest institutional investors including Blackrock and Norway's sovereign wealth fund to cut their tax bills. The report reignited a debate about tax avoidance in Germany, where politicians and government rounded on a scheme that Wolfgang...

  • BERLIN, April 29- Remaining in the European Union will ensure that Britain remains a prosperous and economically successful country, German Chancellor Angela Merkel said on Friday, adding that a U.S.-EU free trade deal would also bring economic benefits. "One must realistically say which advantages membership of the European Union has and what advantages...

  • BEIJING, April 28- China Eastern Airlines on Thursday placed an order for 35 wide-body jets from Boeing Co and Airbus Group, as the Shanghai- based carrier continues to build its long-haul fleet amid the country's outbound travel boom. Chinese airlines are adding flights to New York, Paris and Sydney from inland cities, while opening new routes to smaller cities...

  • *Luxury EVs priced above 60,000 euros won't benefit. BERLIN, April 27- Germany is set to launch a new incentive scheme worth about 1 billion euros to get more consumers buying electric cars as it struggles to meet a target of bringing 1 million of them onto its roads by the end of the decade. Currently Germany, the biggest car market in Europe, has only about 50,000...