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Corporate Governance

French, German Leaders Call for "Moralization" of Capitalism

French President Nicolas Sarkozy

The leaders of France and Germany both called Thursday for the "moralization" of the global capitalist system, which they said needed to be re-examined by governments before the Group of 20 summit in London in April. »

 

Auto Industry

German Car Firm Audi Bucks Downward Trend with Record Sales

Audi's new A5

Audi announced on Thursday, Jan. 8 that its car sales exceeded one million in 2008, the 13th consecutive year-on-year increase. The record results go against the current downward trend in the car industry. »

 

Business

Deceased Billionaire's Business Empire Cuts Deal to Survive

Ratiopharm company logo outside the firm's headquarters in Ulm

A deal with creditor banks will likely save the debt-ridden business group headed by German billionaire Adolf Merckle, who committed suicide recently amid a host of financial problems. »

 

Economy

German Exports Plunge as Global Recession Deepens

Shares dive on the German stock exchange

German exports plunged in November to record their biggest fall in nearly two decades, new data shows, as the deepening world economic downturn hits Europe's biggest economy. »

 

Deutsche Bahn

Canadian Group Bombardier Lands German Train Deal

Engineers at work on a Bombardier double-decker coach train

The rail division of Canada's Bombardier group has signed a framework agreement to provide German rail Deutsche Bahn with passenger rail cars in a deal worth some 1.5 billion euros ($2 billion).  »

 

Business

Record 40 Million Germans With Jobs in 2008

A German construction worker

A record 40.3 million people were employed in Germany last year, according to figures released by the Federal Office of Statistics. Elsewhere, however, there was further grim news for the German manufacturing sector. »

 

Business

Report: Lufthansa 'Interested' in Scandinavian Market

Lufthansa planes

German airline Lufthansa has confirmed it's been in talks with its ailing Scandavanian counterpart SAS, prompting a surge in SAS shares on Friday. »

 

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