Caroline's Feed
Mar 31, 2015

Germanwings crash triggers debate on confidentiality taboo

BERLIN (Reuters) – Calls to relax Germany’s strict doctor-patient confidentiality law after a Germanwings plane crash last week have touched a nerve in a country obsessed about privacy because of its authoritarian past.

A debate on the law began after reports that Andreas Lubitz, the co-pilot suspected of flying the Airbus A320 into a French mountain and killing all 150 people on board, had hidden sensitive information about his health from the airline.

Mar 30, 2015

Germany says Greece must flesh out reforms to unlock aid

ATHENS/BERLIN (Reuters) – Greece’s biggest creditor Germany said on Monday that the euro zone would give Athens no further financial aid until it has a more detailed list of reforms and some are enacted into law, adding to scepticism over plans presented last week.

A senior official in Brussels on Sunday had dismissed the list as “ideas” rather than a plan that Greece could submit to EU and IMF lenders to secure new funds before it runs out of cash next month.

Mar 30, 2015

German firms embrace start-ups to catch up with digital world

DUESSELDORF, Germany, March 30 (Reuters) – Latecomers to the
digital age, big German companies have started teaming up with
start-ups to shake up their conservative business culture and
keep pace with a world increasingly dominated by nimble tech

More than half of the firms on Germany’s blue-chip DAX index
trace their roots back to the 19th century or earlier.
The youngest corporate, SAP, was founded 43 years ago.

Mar 24, 2015

Germanwings, Lufthansa’s response to battle for budget travelers

BERLIN (Reuters) – The Airbus which crashed into the French Alps on Tuesday was operated by Lufthansa’s Germanwings, a budget airline that has grown to become the German flag-carrier’s main short-haul operator as it battles competition from no-frills rivals.

It was the first crash in the history of Cologne-based Germanwings, which was founded in 2002 and operates flights between European cities and to some holiday destinations in North Africa, Asia and the Middle East.

Mar 18, 2015

Greek PM demands EU stop ‘unilateral actions’ as tensions flare

ATHENS/BERLIN (Reuters) – Greek Prime Minister Alexis Tsipras lambasted European partners on Wednesday for criticizing a new anti-poverty law hours before it is voted on, saying it was the euro zone rather than Athens that must stop “unilateral actions” and keep its word.

Tsipras’s impassioned speech to parliament as it prepared to vote on his government’s first bill marked the latest escalation in a war of words between Athens and its creditors that has raised the risk of a Greek bankruptcy and euro zone exit.

Mar 13, 2015

Enjoying a balanced budget, Germany will boost spending – government sources

BERLIN (Reuters) – After balancing its budget for the first time in almost half a century, Germany’s government plans to increase spending on infrastructure and foreign aid over the next five years, senior government sources said on Friday.

Berlin achieved the so-called “schwarze null” (black zero) — a federal budget in the black, or fully balanced — a year early, in 2014, a boon for Angela Merkel’s coalition government that has preached budget discipline to its euro zone partners.

Mar 11, 2015

Adecco sees weak euro boosting demand for temporary workers

BERLIN, March 11 (Reuters) – Adecco expects a weak
euro to boost demand for temporary workers at Europe’s
exporters, putting the world’s biggest staffing firm by sales on
track to hit its margin target in 2015 after fourth-quarter
profit beat expectations.

Employment agencies like Adecco and Dutch rival Randstad
are considered a good barometer of economic health
since companies tend to hire temporary workers at the start of a
recovery rather than commit to full-time recruitment.

Mar 6, 2015

German parliament approves legal quotas for women on company boards

BERLIN (Reuters) – Germany’s lower house of parliament passed legislation on Friday requiring major companies to allot 30 percent of seats on non-executive boards to women, as a new survey found females remain grossly under-represented in business life.

Although Germany has been led by a woman, Angela Merkel, since 2005, there is not a single female chief executive among the 30 largest firms on Germany’s blue-chip DAX index .GDAXI.

Mar 4, 2015

Saudi Arabia expects oil price to stabilise

BERLIN, March 4 (Reuters) – Saudi Arabia’s oil minister said
on Wednesday he expected oil prices, which hit a near six-year
low in January, to stabilize, signalling cautious optimistism
about the market outlook.

Giving a speech in the German capital, Ali al-Naimi also
urged non-OPEC producers to help balance the oil market, saying
it was not up to Saudi Arabia to subsidize higher-cost producers
and that circumstances required non-OPEC to cooperate.

Mar 4, 2015

Saudi’s Naimi expects oil market to balance, prices to stabilise

BERLIN, March 4 (Reuters) – Saudi Arabian Oil Minister Ali
al-Naimi said on Wednesday he hoped and expected the oil market
to balance and prices, which hit a near six-year low in January,
to stabilize.

In a speech, he said his country was committed to helping
balance the oil market, but added it was not up to Saudi Arabia,
OPEC’s top exporter, to subsidize higher-cost producers and that
circumstances required non-OPEC nations to cooperate.