So far, sanctions are a slap on the wrist, but losing hard currency from oil and gas sales could put a real pinch on Russia.» Read More
BERLIN— The introduction of Germany's first-ever national minimum wage will only have a modest negative impact on growth, according to a group of four leading economic think tanks in the country. Next year will see the introduction of Germany's first mandatory national minimum wage, set at 8.50 euros per hour.
The sale is a milestone for Greece. Greece has been relying on funds from international bailouts since May 2010— in return for which it has imposed a series of deeply unpopular spending cuts and tax hikes. The bond issue came a day before German Chancellor Angela Merkel was expected in Athens on a brief visit to meet with Samaras.
LONDON— Another drop in the tech-heavy Nasdaq index prompted renewed jitters across financial markets on Thursday despite earlier relief over Greece's successful bond market return. In Europe, the FTSE 100 index of leading British shares closed up 0.1 percent at 6,641.97 but Germany's DAX fell 0.6 percent to 9,454.54.
LONDON/ ATHENS, April 9- Bailed-out Greece is set to end its four-year exile from bond markets on Thursday with a five-year issue, three sources said on Thursday.
BERLIN— Germany's trade surplus narrowed in February as exports declined but imports picked up slightly amid signs that growth in Europe's biggest economy is accelerating. As a result, the trade surplus declined to 15.7 billion euros from 17.2 billion euros.
ATHENS, Greece— Greece is on the brink of escaping the financial wilderness. The ministry did not reveal the size of the bond sale, but a senior government official said Greece was initially seeking 2.5 billion euros— a tiny sum compared to the 240 billion-euro bailout package.
BERLIN— Germany said Tuesday that it will reduce the number of companies allowed to receive discounts on their electricity bills as part of an effort to satisfy European Union concerns.
BERLIN, April 5- The top conservative candidate for European Commission president and the head of the German Bundesbank have come out against granting France more time to cut its deficit, warning such a move would set a dangerous precedent for other EU states.
WASHINGTON, April 4- The United States on Friday criticized proposals to build a European communication network to avoid emails and other data passing through the United States, warning that such rules could breach international trade laws.
BERLIN, April 3- Volkswagen plans to make plug-in cars in China, company sources say, seeing a big potential market as the country's leaders fight hazardous levels of air pollution with measures that include boosting green power.
PARIS, April 2- A fierce critic of budget austerity was named French economy minister on Wednesday in a reshuffled government packed with strident personalities, including President Francois Hollande's former live-in partner Segolene Royal.
BERLIN, April 2- Germany's cabinet agreed on Wednesday to a national minimum wage of 8.50 euros per hour- a flagship project for the Social Democrats who share power with Angela Merkel's conservatives. "The minimum wage is coming," SPD Labour Minister Andrea Nahles said at a news conference in Berlin.
*He stopped Yahoo buying French online video-sharing firm. PARIS, April 2- Leftist Arnaud Montebourg, known for attacking big business and the European Commission, reaped a political harvest on Wednesday when he was put in charge of an enlarged economy and industry ministry in a choice that may unnerve Brussels and Berlin.
BERLIN, April 1- Germany's governing coalition has agreed the outlines of an 8.50 euro per hour minimum wage to be introduced next year, covering all but the roughly one million long-term unemployed, sources close to the talks said on Tuesday.
*French malaise overshadows Europe's recovery from crisis. PARIS, April 1- As President Francois Hollande goes through the French mid-term ritual of sacking his government and appointing a new one, promising a dynamic "fresh start" after a local election drubbing, Europe is left as usual waiting for France.
BRUSSELS, March 31- As Moscow and the West dig in for a prolonged stand-off over Russia's annexation of Crimea, risking spillover to other former Soviet republics and beyond, here are 10 ways in which the Ukraine crisis could change attitudes and policy around the world.
*Ukraine denounces visit as "crude violation". *Putin, Merkel discuss Ukraine, Moldova by phone. SIMFEROPOL, Crimea, March 31- Prime Minister Dmitry Medvedev flaunted Russia's grip on Crimea by flying to the region and holding a government meeting there on Monday, angering Ukraine and defying Western demands to hand the peninsula back to Kiev.
BERLIN, March 28- President Xi Jinping said on Friday China would not take sides with the West or Russia over Ukraine, disappointing any hopes Beijing might add its weight to international pressure on Moscow for annexing Crimea.
BERLIN, March 28- Chinese President Xi Jinping said in a visit to Berlin on Friday his country has no private agenda in the Ukraine crisis and hoped it would be resolved by political and diplomatic means. "China does not have any private interests in the Ukraine question," Xi told a news conference with German Chancellor Angela Merkel.
BERLIN, March 28- German Chancellor Angela Merkel said on Friday that she told visiting Chinese President Xi Jinping it was crucial to ensure freedom of expression in both China and Germany.