Caroline's Feed
May 22, 2015

German lower house passes law to curb power of smaller unions

BERLIN, May 22 (Reuters) – Germany’s lower house of
parliament passed a law on Friday to limit the power of smaller
unions, whose strikes have paralysed train and air traffic in
recent months, by making a wage deal with the largest union in a
company applicable to all employees.

Industry bodies have called for such a change in the law to
stop smaller unions like GDL, which represents just 20,000 train
drivers at Deutsche Bahn, from being able to halt the
entire operations of a company that employs 200,000 people.

May 19, 2015

Coal row takes shine off Germany’s green image before G7 summit

BERLIN, May 19 (Reuters) – Germany’s clean energy drive
earned it a reputation as a green leader but a domestic row over
coal has highlighted the challenge of balancing economic and
environmental demands and threatens its ability to lead by
example.

Angela Merkel, once dubbed the “climate chancellor”, hopes
to encourage the Group of Seven industrial nations to commit to
tough goals to cut greenhouse gases at a June 7-8 summit in
Bavaria before a larger year-end United Nations climate meeting
in Paris.

May 7, 2015

Adecco shares tumble as top managers quit

BERLIN, May 7 (Reuters) – Shares in Swiss staffing firm
Adecco tumbled on Thursday after it said both its
chief executive and chief financial officer were leaving.

The unexpected announcements of the departures of the two
men, who played key roles in expanding the business and boosting
its profitability, overshadowed the release of strong results
that showed the company’s profit leapt in the first quarter.

May 7, 2015

Adecco top managers quit as firm posts forecast-beating profit

BERLIN, May 7 (Reuters) – Swiss staffing firm Adecco
said both its chief executive and chief financial
officer had decided to leave, casting a cloud over its future as
it posted its best ever first-quarter result.

In a surprise announcement, the group said CEO Patrick De
Maeseneire would step down at the end of August, while CFO
Dominik de Daniel would leave at the end of July.

Apr 30, 2015

Germany wants private investors to help build roads

BERLIN/FRANKFURT April 30 (Reuters) – The German government
announced new roadbuilding projects worth around 14 billion
euros ($15.6 billion) on Thursday in a bid to encourage the
private sector to invest in infrastructure.

Finance Minister Wolfgang Schaeuble and Transport Minister
Alexander Dobrindt set out 10 public-private partnerships (PPP)
to repair and extend around 600 km (370 miles) of motorways as
well as to maintain and operate existing roads.

Apr 28, 2015

Talks on EU-U.S. trade deal to stretch into 2016 – EU

BERLIN (Reuters) – Talks between the European Union and United States on a transatlantic trade accord will stretch into 2016, the EU’s chief negotiator said on Tuesday, adding that the discussions were about to enter a “more difficult” and “intense” stage.

This year is seen as crucial in making progress on the Transatlantic Trade and Investment Partnership (TTIP), with the U.S. presidential election set for 2016 and President Barack Obama leaving office in January 2017.

Apr 28, 2015

Talks on EU-U.S. trade deal to stretch into 2016: EU says

BERLIN (Reuters) – Talks between the European Union and United States on a transatlantic trade accord will stretch into 2016, the EU’s chief negotiator said on Tuesday, adding that the discussions were about to enter a “more difficult” and “intense” stage.

This year is seen as crucial in making progress on the Transatlantic Trade and Investment Partnership (TTIP), with the U.S. presidential election set for 2016 and President Barack Obama leaving office in January 2017.

Apr 23, 2015

Big investors cautious on German public-private partnership plan

BERLIN/FRANKFURT (Reuters) – A German government plan to boost investment by involving the private sector more in infrastructure projects has been given a cautious welcome by some large investors.

Germany is currently investing around 100 billion euros ($108 billion) too little per year, the head of the Berlin-based DIW economic institute says, and is under pressure to help pull the rest of Europe out of the doldrums by spending more.

Apr 15, 2015

Euro zone downbeat on chances of Greek deal next week

BERLIN/ATHENS (Reuters) – The euro zone is doubtful that a deal will be struck with Greece next week on economic reforms for bailout funds, potentially leaving the country perilously short of money.

Both the Greek government and its creditors have expressed the need for an agreement, at least in outline, to be reached when euro zone finance ministers meet in the Latvian capital Riga on April 24. But Athens has yet to produce a program of reforms that is deemed acceptable.

Apr 13, 2015

Russia’s Gazprom warns EU over gas, Ukraine

BERLIN/MOSCOW (Reuters) – Russia’s top gas producer Gazprom warned the European Union on Monday against moves to block Moscow’s plans to bypass Ukraine as a transit country for its gas to Europe and said it needed guarantees on gas purchases.

Russia is pushing ahead with plans to build a pipeline to Turkey and further on to Greece via the Black Sea, in line with its plans to stop exporting gas via Ukraine by 2019.