Business News Berlin

  • BERLIN, Oct 23- Germany nominated university professor Isabel Schnabel to the European Central Bank's executive board on Wednesday, giving Berlin an expert voice on the bank's top decision-making body and a possible bridge-builder in a time of deep divisons. The decision by the German cabinet was expected after a source told Reuters on Tuesday that Finance...

  • Here are key features of Amazon's on-the-ground delivery in its biggest international market, Germany, compared with DHL, one of the world's largest logistics firms. Amazon offers same-day deliveries in 20 metropolitan areas in Germany if customers order before midday. DHL offers same-day deliveries with a latest time of 4 p.m. for pickups close to a...

  • BERLIN, Oct 23- Germany on Wednesday nominated university professor Isabel Schnabel to the European Central Bank's executive board, giving Berlin an expert voice on the bank's top decision-making body and a possible bridge-builder to get sceptical Germans on board. Schnabel, a member of the German Council of Economic Experts, the country's "wise men", since...

  • BRUSSELS, Oct 21- The European Union's statistics agency revised upward Germany's budget surplus for 2018, data released on Monday showed, in a sign that Berlin's plan for a limited easing next year may be smaller than expected. The data may not bode well for euro zone's economic growth prospects, as the bloc is facing risks of a protracted slowdown, which many...

  • BERLIN, Oct 21- Deutsche Wohnen and other German property companies' shares were hit on Monday by Berlin city government's approval of a plan to freeze rents in the German capital for five years. Shares in Deutsche Wohnen, the largest private landlord in Berlin, fell by as much as 4.5% in reaction to the blueprint approved on Friday by the Berlin Senate, which also...

  • Visitors ride bicycles past the Reichstag, seat of the German parliament, the Bundestag, on July 13, 2015 in Berlin, Germany.

    The German government has lowered its 2020 forecast for economic growth to 1.0% from 1.5% previously, but added that Europe's largest economy was not facing a crisis.

  • Germany's finance chief has rejected widespread criticism that his country is not investing enough.

  • DUBAI, Oct 16- Etihad Airways and Air Arabia are jointly setting up a low cost carrier in Abu Dhabi to tap into growing demand for budget travel from the United Arab Emirates' capital, they said on Wednesday. Air Arabia Abu Dhabi will be an independent joint venture based at Abu Dhabi International, the hub of Abu Dhabi state-owned Etihad, the two carriers said in a...

  • BERLIN, Oct 16- Germany's ruling conservatives on Wednesday reiterated their position to uphold the' black zero' budget policy of not contracting new debt after a media report said they may drop the balanced budget goal if the economic situation darkens further. "The Union stance is clear: We stick to the black zero," Chancellor Merkel's chief budget lawmaker...

  • *Hurt by botched warehouse revamps in Germany and U.S. LONDON, Oct 16- British online fashion retailer ASOS said problems with warehouses in the United States and Germany, which were behind a 68% slump in annual profit, were largely behind it, sending its shares sharply higher on Wednesday. It cut profit forecasts in July, saying problems ramping-up warehouses in...

  • *Hurt by botched warehouse revamps in Germany and U.S. LONDON, Oct 16- British online fashion retailer ASOS said problems with warehouses in the United States and Germany, which were behind a 68% slump in annual profit, were largely behind it, sending its shares sharply higher on Wednesday. It cut profit forecasts in July, saying problems ramping-up warehouses in...

  • NEW YORK/ SAN FRANCISCO/ BERLIN, Oct 15- Alphabet Inc's Google unveiled new Pixel smartphones with higher quality cameras, a radar sensor to track hand gestures and faster virtual assistant on Tuesday, but the devices had no surprise features to set them apart from rivals and nix concerns about price. The Pixel 4 phones, in two sizes, headlined a New York press event...

  • NEW YORK/ SAN FRANCISCO/ BERLIN, Oct 15- Alphabet Inc's Google unveiled new Pixel smartphones with higher quality cameras, a radar sensor and faster virtual assistant on Tuesday, but failed to provide enough to set the devices apart from rivals and nix concerns about price. The Pixel 4 phones, in two sizes, headlined a New York press event at which Google also...

  • *Germany lags in promoting women in business. BERLIN, Oct 15- Zalando, Europe's biggest online-only fashion retailer, set a goal on Tuesday for women to hold at least 40% of top management jobs by the end of 2023 after facing criticism for its all-male management board and lack of diversity targets. Germany has long been a laggard in promoting women to senior...

  • BERLIN, Oct 15- The German government has lowered its 2020 forecast for economic growth to 1.0% from 1.5% before, a source familiar with the projection told Reuters on Tuesday.

  • BERLIN, Oct 14- Germany has finalized rules for the build-out of 5 G mobile networks that, in a snub to the United States, will not exclude China's Huawei Technologies. Government officials confirmed that Germany's so-called security catalog foresaw an evaluation of technical and other criteria, but that no single vendor would be barred in order to create a...

  • FRANKFURT, Oct 10- The European Central Bank can buy just over one year's worth of German bonds under its new asset-purchase program and must bend its own rules to keep the scheme running longer, risking fresh internal and legal conflict, two sources familiar with the process said. That opened a rift in a normally collegial Governing Council-- conservative...

  • *Germany aims to cut carbon emissions by 55% by 2030. FRANKFURT, Oct 9- Germany should aim to be a leader in technologies needed to make and utilize hydrogen, which offers a green alternative to fossil fuels in the shift towards a low carbon economy, the economy minister said on Wednesday. "We have to set the course so that Germany becomes the No. 1 in the world in hydrogen...

  • LUXEMBOURG, Oct 9- Germany and the Netherlands, which run budget surpluses, should invest more to help boost economic growth at home and throughout the euro zone, top euro zone officials said on Wednesday, echoing a call from the European Central Bank last month. Instead, top euro zone officials put pressure on Germany and the Netherlands to use their "fiscal space"-...

  • BERLIN, Oct 9- The German cabinet on Wednesday approved measures to drastically cut greenhouse gas emissions, paving the way for Chancellor Angela Merkel to pass landmark climate legislation this year. Climate activists and industry groups immediately criticised the plans as too weak to achieve Germany's goal of becoming emissions-neutral by 2050..