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Politics Angela Merkel

  • BERLIN, Feb 23- Germany posted a record budget surplus last year helped by rising tax revenues and employment and low debt costs, creating conditions for solid economic growth in 2017 underpinned by higher state and household spending. Under Germany's budget law, the federal government's surplus of 7.7 billion euros will go into a fund for refugee-related...

  • BERLIN, Feb 23- Germany posted a record budget surplus last year helped by rising tax revenues and employment and low debt costs, creating conditions for solid economic growth in 2017 underpinned by higher state and household spending. Under Germany's budget law, the federal government's surplus of 7.7 billion euros will go into a fund for refugee-related...

  • PARIS— The chairman of French carmaker PSA Group wants to create a "European car champion" with the purchase of General Motors' European car business and pledged to work with governments and unions worried over job cuts. Speaking in Paris, Tavares said PSA's ambition to buy GM's loss-making Germany subsidiary Opel and its British brand Vauxhall is rooted in its...

  • LONDON/ FRANKFURT/ PARIS, Feb 22- French carmaker PSA Group expects its planned acquisition of General Motors' Opel division to lead to combined sales of 5 million vehicles by 2022 and save as much as 2 billion euros annually, sources said, adding that a deal could be finalised in early March. PSA also plans to make swift progress on technical convergence with GM's...

  • BERLIN, Feb 22- Germany's Social Democrats have drafted a law to discourage corporations from granting high pay packages to top managers by capping the tax deductions they can get through writing them off as business expenses. The SPD, which has veered to the left under its new leader Martin Schulz, presented a draft law on Wednesday to limit the tax deduction at...

  • BERLIN— International Monetary Fund head Christine Lagarde said after talks with Chancellor Angela Merkel in Berlin that she sees no need for a "haircut" of Greek debt but that Athens needs to make "significant progress" on reforms. Athens agreed Monday to implement further reforms beginning in 2019, after the country's current third bailout has ended.

  • BERLIN, Feb 22- Greece doesn't need a debt haircut at the moment, International Monetary Fund Chief Christine Lagarde said on Wednesday, adding that debt restructuring and interest rate cuts on bailout loans were necessary. She said Greece should implement pension and income tax reforms demanded by the IMF as a condition for taking part in a bailout program.

  • LONDON/ FRANKFURT, Feb 22- French carmaker PSA Group aims to generate annual cost savings of between 1.5 billion and 2 billion euros from its proposed acquisition of Opel from General Motors, two sources told Reuters on Wednesday. The disclosure sparked concern for the future of GM's Opel and Vauxhall plants in Germany and Britain, home to most of the group's...

  • Christine Hohmann-Dennhardt was hired in late 2015 to help Europe's biggest carmaker reform itself following its diesel emissions cheating scandal. "the state and the supervisory board are only insufficiently carrying out their ownership role and controlling task," lawmaker Mathias Middelberg wrote in a letter to Stephan Weil, the prime minister of Lower...

  • BERLIN, Feb 22- Germany's Social Democrats have drafted a law to discourage corporations from granting high pay packages to top managers by capping the tax deductions they can get through writing them off as business expenses. The SPD, which has veered to the left under its new leader Martin Schulz, presented a draft law on Wednesday to limit the tax deduction at...

  • A file photo of the U.S. military in Tbilisi, Georgia.

    A plurality, 36 percent, are very worried about the United States' becoming engaged in a major war in the next four years, NBC News reports.

  • *Kengeter faces German demands HQ move to Frankfurt. The $27- billion- plus deal to create Europe's biggest stock market was struck before Britain voted to leave the European Union. Brexit has prompted German politicians to demand that the merged company's headquarters move to Frankfurt, setting the scene for a clash with Britain as it seeks to safeguard...

  • BERLIN, Feb 21- Stuttgart, home to Germany's Mercedes-Benz and Porsche, said on Tuesday it will ban from next year diesel cars which do not meet the latest emissions standards from entering the city on days when pollution is heavy. Particulates often exceed thresholds set by the European Union in at least 90 German towns, including Stuttgart, which is...

  • BERLIN, Feb 21- Stuttgart, home to Germany's Mercedes-Benz and Porsche, said on Tuesday it will ban from next year diesel cars which do not meet the latest emissions standards from entering the city on days when pollution is heavy. Particulates often exceed thresholds set by the European Union in at least 90 German towns, including Stuttgart, which is...

  • BERLIN, Feb 21- German Economy Minister Brigitte Zypries said on Tuesday that PSA Group's guarantee to safeguard jobs at Opel factories if it buys the European arm of General Motors was a "good result."

  • LONDON, Feb 21- Politics have rarely been more fraught on either side of the Atlantic in the post-war era, and yet European stocks are marching steadily higher- casting doubt on the old adage that markets don't like uncertainty. Voters go to the polls this year in France, The Netherlands and Germany on a rising tide of populism that is out to challenge the...

  • FRANKFURT/ PARIS, Feb 21- PSA Group told German Chancellor Angela Merkel and top labour representatives that it would uphold Opel and Vauxhall job guarantees if it buys the European arm of General Motors, though some analysts say thousands of job losses are likely eventually. As part of a sweeping charm offensive of the political and automotive establishment...

  • FRANKFURT/ PARIS, Feb 21- PSA Group told German Chancellor Angela Merkel and top labor representatives that it would uphold Opel and Vauxhall job guarantees if it buys the European arm of General Motors, though some analysts say thousands of job losses are likely eventually. As part of a sweeping charm offensive of the political and automotive establishment in...

  • BERLIN— Chancellor Angela Merkel has called the chief executive of PSA Group, the maker of Peugeot and Citroen cars, to discuss its potential takeover of General Motors' German subsidiary. Merkel's spokesman said PSA boss Carlos Tavares told her Tuesday that the Opel unit would remain independent within the group. Opel employs 19,000 people in Germany out of a...

  • BERLIN, Feb 21- PSA Group's chief executive gave guarantees to Germany's Angela Merkel in a phone call that Opel would remain independent in a merged company with PSA and also gave jobs and investment assurances, the chancellor's spokesman said on Tuesday. "PSA Chief Tavares stressed that both companies would complement each other well," spokesman Steffen...