The EU's nominee for health chief pledges to oppose the import of some U.S. foodstuffs such as chemically treated meat.» Read More
*France should scrap 35 hours, lower minimum wage- employer chief. PARIS, Sept 24- France should scrap its 35- hour work week, raise the legal retirement age and lower the minimum wage if it hopes to bring down chronically high unemployment and stimulate growth, the country's main employer group said on Wednesday.
BERLIN— Workers at Amazon.com in Germany have extended a strike in a long-running wage dispute into a third day and targeted a fifth distribution center. Amazon employs some 9,000 people in total at nine sites in Germany.
WOLFSBURG, Germany, Sept 24- In an era of automation, robotics and spotless factory floors, you don't expect to see car workers lugging metal along a production line. But at Volkswagen's main Wolfsburg plant earlier this year, workers had to resort to handing metal sheets to robots working on the E-Golf, said people who saw it happen.
BERLIN— Germany is tightening rules that allow tax evaders to escape punishment if they come clean, a move that follows the conviction in March of soccer powerhouse Bayern Munich's ex-president. Until now, people who confess to evading less than 50,000 euros haven't had to pay extra to authorities; above that level, they paid a 5 percent surcharge.
*Weak European economy, Ukraine crisis cause uncertainty. BERLIN, Sept 24- German business sentiment fell for a fifth straight month in September to its lowest level in nearly 1-1/ 2 years, dampening expectations for a third-quarter rebound in Europe's largest economy.
BERLIN— Business confidence in Germany, Europe's largest economy, has dropped for the fifth consecutive month— continuing a slide that has been fueled by the persistent turmoil in Ukraine and sluggish growth in Europe and China. The fall took the index, a closely watched economic indicator, to its lowest level since April 2013.
BERLIN, Sept 24- German business sentiment dropped for a fifth straight month in September to its lowest level since April 2013, suggesting expectations for a strong third-quarter rebound in Europe's largest economy may need to be revisited.
Azad Zangana, European economist at Schroders, says the latest IFO data shows German activity is slowing and warns of underlying weakness in Germany and elsewhere in Europe.
BERLIN, Sept 23- Germany's Rocket Internet, a venture capital group that has launched dozens of online start-ups, priced its initial public stock offering in a range of 35.50 to 42.50 euros per share, valuing the company at some 6.2 billion euros.
BERLIN, Sept 23- German venture capital group Rocket Internet, which has launched dozens of online start-ups, priced its initial public offering on Tuesday in a range of 35.50- 42.50 euros per share, valuing the company at up to 6.2 billion euros.
Moritz Kraemer, chief rating officer for sovereign ratings at Standard & Poor's, says that the rise of euro-skepticism in Germany could mean the government hardens its stance.
BERLIN— The World Trade Organization has sharply reduced its forecast for global trade growth this year, pointing to uneven economic growth in countries including China and the U.S.
Ulrich Grillo, president of the BDI says that without an additional 50 to 80 billion euros ($64-103 billion) in investments, Germany's future "is risky".
MOGADISHU, Somalia— A German-American journalist who was kidnapped in Somalia more than two years ago was freed Tuesday, according to a Somali police official and a leader of the Somali pirates who had held him.
BERLIN— Greece isn't seeking another financial rescue and will soon set out a new economic reform program to underpin the recovery, the country's prime minister said Tuesday as he visited key creditor Germany. Since 2010, Greece has relied on two bailout packages totaling 240 billion euros.
BERLIN— German online games company Goodgame Studios has for the first time revealed financial details of its business amid reports it is planning a stock market floatation.
KIEV, Sept 23- The European Commission will propose that Russia and Ukraine sign an interim gas agreement in Berlin as a step towards resolving their long-standing row over gas prices, Energy Commissioner Guenther Oettinger said on Tuesday.
German prosecutors brought charges against Deutsche Bank co-CEO and two former CEOs due to what prosecutors say were misleading court statements.
FRANKFURT, Germany— Prosecutors in Germany have charged Deutsche Bank co-CEO Juergen Fitschen and four other former top officials with lying to judges in a protracted legal battle between the bank and the now-defunct Kirch media group.
TOBRUK/ LONDON, Sept 23- Food prices have risen in Libya as payments problems, fighting and a breakdown in authority disrupt the usual import routes as the country spins out of control three years after the ousting of Muammar Gaddafi.