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Angela Merkel

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  • BERLIN, Nov 23- Germany is working on a new law to force energy companies to shut down several more coal-fired power plants as it tries to reach ambitious climate goals, a document seen by Reuters showed on Sunday. Although Germany has seen a boom in green energy, accounting for about 25 percent of overall power generation, environmentalists criticise the country...

  • PARIS, Nov 23- The countdown has begun to what threatens to be a missed opportunity to revive Europe's stalled economy. Treasury Secretary Larry Summers says Europe risks "secular stagnation"- a long-term, self-perpetuating slump similar to the one that followed the Great Depression in the 1930 s. France's economy is flatlining, Italy's has fallen back into...

  • Nov 21- The European Parliament is preparing a non-binding resolution that proposes splitting Google Inc's search engine operations in Europe from the rest of its business as one possible option to rein in the Internet company's dominance in the search market. European politicians have grown increasingly concerned about Google's and other American...

  • BERLIN, Nov 19- The German government has quietly scrapped plans to look into partly privatising railway operator Deutsche Bahn after a Reuters report week prompted a backlash from members of Chancellor Angela Merkel's ruling coalition. The SPD-run economy ministry insisted on a change in the wording, Deputy Finance Minister Johannes Geismann said in a...

  • Russian president denies he fled summit pressure Sunday, 16 Nov 2014 | 5:18 AM ET

    BRISBANE, Australia— Russian President Vladimir Putin made an early exit on Sunday from a two-day summit of world leaders where he was roundly criticized over Russia's escalating aggression in Ukraine, but brushed off suggestions that he had felt pressured. He also departed Australia shortly before President Barack Obama and European leaders opened their...

  • *Russia at crossroads over Ukraine, more sanctions possible. BRISBANE, Australia, Nov 16- Leaders from the G20 group of nations agreed on Sunday to boost flagging global growth, tackle climate change and crack down on tax avoidance but ties between the West and Russia plummeted to a new low over the crisis in Ukraine. President Barack Obama accused Russia of...

  • FRANKFURT, Nov 16- As large parts of Europe's economy grind almost to a halt, attention will focus this week on the latest assessments of business confidence in the euro zone and Germany, which has just narrowly avoided a recession. While the United States economy has accelerated and China holds a slower but steady course, euro zone countries have remained...

  • BRISBANE, Australia, Nov 16- Russian President Vladimir Putin said on Sunday there was a "good chance" of resolving the conflict in Ukraine as Western leaders squarely blamed Moscow and threatened to slap more sanctions if it did not take action to end the crisis. Putin was speaking at a G20 leaders summit in Brisbane where he has come under intense pressure, with...

  • G-20 summit opens in Australia; growth tops agenda Friday, 14 Nov 2014 | 3:55 AM ET

    BRISBANE, Australia— Vladimir Putin is underlining his presence at a major summit of world leaders in Australia by stationing warships in waters off the country's northeastern coast, prompting the Australian prime minister to angrily accuse Russia of trying to reclaim the "lost glories" of the Soviet Union. "Russia is being much more assertive now than it has...

  • German economy returns to growth in 3rd quarter Friday, 14 Nov 2014 | 2:07 AM ET

    BERLIN— The German economy, Europe's biggest, returned to modest growth of 0.1 percent in the third quarter— avoiding a technical recession after contracting slightly in the previous three-month period, official data showed Friday. Carsten Brzeski, an economist at ING-DiBa, said that "different problems in several important trading partner countries like...

  • German gov't advisers see 1 pct growth next year Wednesday, 12 Nov 2014 | 6:17 AM ET

    BERLIN— The German government's independent panel of economic advisers is forecasting growth of just 1 percent next year, undercutting officials' predictions, and criticizing some government policies. The advisers pointed to "geopolitical risks" such as the Ukraine crisis and weak eurozone growth. Chancellor Angela Merkel pointed to "geopolitical...

  • UPDATE 1-Russia's rouble steady after central bank float Wednesday, 12 Nov 2014 | 4:15 AM ET

    MOSCOW, Nov 12- Russia's rouble held steady on Wednesday after several days of volatile trading and a central bank decision to float the currency, with investors cautious after the bank warned of large forex market interventions to punish "speculators". Prices for benchmark Brent crude futures, which slipped below $81 a barrel on Wednesday and were near their...

  • FRANKFURT, Nov 11- German industrial group Bilfinger installed corporate veteran Eckhard Cordes as chairman on Tuesday, hoping he can get the company back on track after a string of profit warnings that have hammered its shares. The German's appointment is part of a reshuffle driven by top shareholder Cevian, a Sweden- based European activist investment firm.

  • BERLIN, Nov 11- The German government is considering reducing its stakes in Deutsche Telekom and Deutsche Post, and could revive the idea of selling shares in rail operator Deutsche Bahn depending on market conditions, according to a finance ministry document seen by Reuters. It says a further sale of Berlin's stake in Deutsche Telekom should be "carefully...

  • *Eurogroup chief calls on Germany to do more. BERLIN, Nov 6- German Finance Minister Wolfgang Schaeuble announced 10 billion euros in additional public investments on Thursday but said Berlin would only splash out more money once it had achieved its goal of balancing the federal budget next year. Germany is under intense pressure from some of its European...

  • *National bankers fault secretiveness, communication style. *Some members plan to raise concerns at governors' dinner. FRANKFURT/ PARIS, Nov 4- National central bankers in the euro area plan to challenge European Central Bank chief Mario Draghi on Wednesday over what they see as his secretive management style and erratic communication and will urge him to act...

  • *Insurgent leaders win rebel votes in east Ukraine. KIEV/ DONETSK, Ukraine, Nov 3- Ukrainian President Petro Poroshenko called an emergency meeting of his security chiefs for Tuesday to discuss new ways of dealing with the separatist challenge in the east after rebel elections that were denounced by Kiev and the West. The rogue votes, which Kiev says Russia...

  • *Russia says vote gives rebels right to speak to Kiev. DONETSK, Ukraine, Nov 3- Pro-Russian separatists in Ukraine named a leader of a breakaway republic on Monday after weekend elections which was denounced by Kiev and the West and further deepened a standoff with Russia over the future of the former Soviet state. The rogue votes, which Kiev says Russia encouraged,...

  • *Russia says vote gives rebels right to speak to Kiev. DONETSK, Ukraine, Nov 3- Pro-Russian separatists in Ukraine named a leader of their breakaway republic on Monday after a weekend election which was denounced by Kiev and the West and further deepened a standoff with Russia over the future of the former Soviet state. The rogue vote, which Kiev says Russia...

  • DONETSK, Ukraine, Nov 3- Pro-Russian separatist Alexander Zakharchenko has easily won an election for leadership of a breakaway republic in eastern Ukraine, the vote's organisers said on Monday. Sunday's vote, the climax of a six-month separatist rebellion in Ukraine's industrialised east, took place in defiance of Kiev's pro-Western authorities and was...