Connect to share and comment

Lufthansa to scrap 3,500 jobs

Europe’s second-largest airline reported an operating loss of 381 million euros ($500 million) for the three months to March 31, as economies slowed and restructuring and rising fuel costs weighed on earnings. 

Germany warns of Euro 2012 boycott over Tymoshenko case

The news came as Tymoshenko’s daughter made an impassioned plea to Berlin to “save the life” of the former Ukrainian prime minister, telling the Frankfurter Allgemeinen Sonntagszeitung newspaper that “the fate of my mother and that of my country are now one and the same thing: if she dies, democracy dies with her.”

German athlete Ariane Friedrich outs 'stalker' on Facebook

Friedrich, 28, who also works as a police officer and hopes to participate in the 2012 London Olympic Games this summer, has filed a criminal complaint against the man for pestering her and making sexually explicit overtures.

Uncertainty in Europe sends markets falling

Last night’s narrow victory for Socialist presidential candidate François Hollande in France and the collapse of budget talks in the Netherlands both contributed to market nerves, as did weak manufacturing data released Monday.

Gunter Grass hospitalized over heart problems

Last week Israel barred Grass from entering the country after he published “What Must Be Said” in the Munich-based Suddeutsche Zeitung on April 4.

Explosion at German chemical plant kills one

The Evonik Degussa chemical park is among Europe’s biggest, with 30 firms employing about 10,000 workers producing more than 4,000 products.

BMW recalls 1.3 million vehicles worldwide

Monday’s statement by the Munich-based firm comes two months after its Mini auto company announced it was recalling 235,000 of its vehicles around the world after discovering an electrical water pump fault that could also cause fires.

Nazi-seized poster art must be returned to Jewish heir

Peter Sachs’ father, Hans, who fled to the US after being held in a concentration camp, is believed to have collected up to 12,500 rare late 19th century posters, only 4,529 of which have been identified.

Angela Merkel questions 2014 Afghanistan deadline

During a surprise visit to northern Afghanistan Monday, Angela Merkel said the point had not yet been reached where Germany could say, “we can pull out today.”

BMW says: Thank you, China

Massive rise in company's profits thanks to China sales
BeemerEnlarge
(FABRICE COFFRINI/AFP/Getty Images)

You think China is the world's workshop (or sweatshop, if you're manufacturing Apple products)?

Well, when it comes to luxury goods, Europe is the world's workshop.

Nothing proves the symbiotic relationship between China's rapidly growing upper-echelon consumer demand and Europe's luxury goods industries than sales figures released yesterday by BMW.

More
Syndicate content