Germany's KarstadtQuelle, owner of tour operator Thomas Cook, agreed Monday to merge with British package holiday company MyTravel.
Currency issues are expected to take center stage this weekend as finance ministers and bankers from the world’s seven richest nations gather for a meeting in Essen, Germany. Weakness in the Yen will likely spark a debate involving Germany, who wants the G-7 nations to prevent hedge funds from having too much influence over currency markets.
Germany's Deutsche Bank's profit tripled in the fourth quarter over the same period the previous year, part of a sharp rise in full-year profits, the Frankfurt-based bank said Thursday.
Germany's unemployment rate jumped in seasonally unadjusted terms to 10.2% from 9.6% the month before, as some 239,000 more people were out of work, the government labor office said Wednesday.
German real wages declined in 2006, rising at a slower rate than inflation, the Federal Statistics Office said Monday.
Germany's Porsche forecast it would be able to maintain profits this fiscal year after first-half pretax profit easily beat analyst expectations on Friday.
Chancellor Angela Merkel said on Wednesday that Germany would seek to remove exchange rate imbalances, boost hedge fund transparency and launch a new dialogue with emerging powers during its presidency of the Group of Eight (G8) industrialized nations.
Germany's leading breweries all posted increased sales for 2006, partially due to an increase in domestic beer consumption credited to a hot summer of partying surrounding the soccer World Cup.
Germany's budget deficit dropped more than expected in 2006 to 1.9 % of gross domestic product, Finance Minister Peer Steinbrueck said Friday.
German gross domestic product grew 2.5 % in 2006, a significant improvement over the previous year, the Federal Statistics Office reported Thursday.
German consumer confidence has fallen back from recent highs as shoppers in Europe's biggest economy worry about the impact of an imminent increase in value-added tax, a survey showed Friday.
The project, codenamed "Herkules," foresees the modernization of the administrative information technology system and of communication networks for the German armed forces, the Bundeswehr.
IBM and Siemens have been commissioned by the German armed forces to oversee a 7.1 billion-euro ($9.3-billion), 10-year IT modernization project, the two companies confirmed on Thursday.
German sporting goods firm Adidas will not enter a bidding war with rival Nike to keep its sponsorship of Germany's national soccer team, Adidas's chief executive told the Sueddeutsche Zeitung.
Swedish truck maker Scania -- subject to a hostile takeover offer by German rival MAN --_ will report its full-year results earlier than planned in a move to give shareholders more information on its finances, company officials said Friday.