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Europe News Germany

  • One of the top executives of European aerospace firm EADS, strategy chief Jean-Paul Gut, announced his resignation on Monday in what he described as a rift with its French and German leaders over its structure.

  • G8 leaders called for a prompt conclusion to long-delayed global free trade talks on Friday and the head of the European Commission said they displayed more urgency than in a failed push a year ago.

  • German companies defied the euro's surge against the dollar to achieve strong export expansion in April, although signs are mounting that the pace of growth has eased, preliminary data showed on Friday.

  • World leaders meeting in Germany have agreed to pursue "substantial" cuts in greenhouse gas emissions and integrate U.S. climate plans within the established U.N. process, an EU source said.

  • Big business is on the back burner at the Group of Eight summit. Instead of focusing on concerns about hedge funds, fluctuating currencies and better transparency in financial dealings, the world's eight wealthiest nations are putting their full focus on climate change and watching to see if a new spat between the U.S. and Russia could develop into another cold war.

  • German real estate firm Franconofurt plans to sell shares in its units FraconoWest and FraconoOst in separate IPOs to raise funds to buy more properties in the country, Boersen-Zeitung reported, citing Franconofurt's chief executive Metehan Sen.

  • Telecom equipment maker Nokia Siemens Networks said Friday that it appointed Eric Simonsen as chief financial officer, effective June 1.

  • Germany's unemployment rate dropped to 9.1% in May and the number of people out of work fell to a 5 1/2-year low amid a sustained pickup in Europe's biggest economy, government figures showed Thursday.

  • England's Premiership soccer players will earn more than 1 billion pounds ($1.97 billion) for the first time next season thanks to television, sponsorship and merchandising deals, a top accountancy firm said on Thursday.

  • The French co-chairman of Airbus parent EADS, Arnaud Lagardere, was questioned for nine hours by stock market regulators as part of an inquiry into alleged insider trading, French media reported Wednesday.

  • Volvo

    Ford Motor said it has not entered talks with anyone to sell Volvo, despite reports that BMW was interested in a possible purchase of the Swedish automaker.

  • Germany's government is putting pressure on Deutsche Telekom's chief executive Rene Obermann to end a dispute with trade union ver.di over plans to outsource 50,000 jobs into a new company, Handelsblatt reported, citing sources.

  • Siemens supervisory board chairman Gerhard Cromme is considering selling some of the company's businesses in a bid to increase share value and thwart any threats of a hostile takeover, Der Tagesspiegel said, citing board sources.

  • Germany's closely watched Ifo index of business sentiment held steady in May, just a whisker below its all-time high from late last year, the institute said Thursday.

  • German GDP grew 0.5% in seasonally, price and calendar-adjusted terms in the first quarter compared with the fourth quarter of last year, according to final figures from the Federal Statistics Office.

  • DaimlerChrysler has assumed a $1 billion risk from Chrysler should its pension plans be terminated before an agreement with U.S. agency Pension Benefit Guaranty Corporation (PBGC) expires in five years.

  • France will play an active role in solving the crisis at aerospace group EADS but will eventually sell its holding, French President Nicolas Sarkozy told workers at the headquarters of planemaking unit Airbus on Friday.

  • I have just spent a very productive three days in Berlin working on another program. It is part of the long running series on energy, which we produce in conjunction with Shell. The topics were energy security, the prospects for a Russian led gas OPEC and how the world deals with the politics of nuclear energy. This is a particularly thorny issue for the Germans who intend to phase out the generation of electricity via nuclear means by 2020.

  • DaimlerChrysler on Tuesday posted a 73% rise in first-quarter profit as one-off gains and a profit rebound at Mercedes helped overcome ballooning losses at Chrysler, the U.S. arm it is selling.

  • German GDP grew 0.5% in seasonally, price and calendar-adjusted terms in the first quarter compared with the fourth quarter of last year, according to preliminary figures from the Federal Statistics Office.