Germany

German tycoon Schlecker faces fraud trial with family

Anton Shlecker is accused of offenses related to the 2012 bankruptcy of his pharmacy chain that employed 50,000 people in Germany and in Europe.

New Copy Right Levy Increases Prices of Apple Products in Germany

Apple Inc. has increased the prices of products in Germany, effecting from January 1, following a successful deal with German Trade Association, Bitkom and ZPÜ collecting societies in December 2015. The adopted policy is similar to those adopted by other European countries, but along with the creative intellectuals, the levy will be available for sharing with the porn film makers too.

Facebook, Google and Twitter Agrees to remove hate speech in Germany

Recent attacks on Syria have caused more than 1 million influx of refugees in Germany, leading to hateful comments on social media. However, Facebook, Google and Twitter have approved the request to erase all the racist comments on their platforms within 24 hours. Due to Germany's Nazi past, the country does not tolerate racist hate speech.

German Exports Drops Bigger than Predicted by Experts

Exports from Germany dropped 1.2 percent on the month in October after a strong gain the previous month — a sharper decline than economists had expected.

German prosecutor acts against racist posts by investigating Facebook manager

Germany faced extreme social media criticism over absorbing millions of refugees from Syria. German politicians and celebrities raised their voices against such posts leading to a critical investigation of Facebook manager.

German Industrial Production down 1.1%

German industrial output surprisingly declined to 1.1 percent month-on-month for the third quarter, opposite to economists’ projection of a 0.5 percent increase.

Germany expects economic benefits accommodating Syrian refugees

Following huge influx of Syrian migrants in Germany, instead of kicking them out, the government is concentrating on accommodating them as through this they are visualising a brighter economic future

EU's proposal on refugee quota evokes mixed reaction

Airming to resolve the refugee crisis for European nations, EU has prepared a proposal with quota sharing on 120,000 immigrants among 28 members. Germany and other major nations supported the proposal, while some countries voted against it. However, EU has stated that it'll go ahead with the proposal.

German industrial output gains points, most intense in July

The German industry is beginning to cope up from the previous months of economic slowdown. More goods are now produced, creating more jobs and dropping the rate of unemployment.

Euro nations take a vote on Greece bailout ahead of crucial meetings

Many European nations are holding crucial meetings on the third round of bailout package to Greek. The Eurozone is divided over euro 86B package to the ailing Greece economy. A clear picture is likely to emerge after Wednesday.

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