PARIS/BERLIN, May 7 (Reuters) – French factories produced
much less than expected in March while German industry orders
unexpectedly fell the most in 1-1/2 years, data showed on
Wednesday, feeding speculation of fresh European Central Bank
action to support the euro zone recovery.
France also reported a wider trade deficit, casting doubt on
President Francois Hollande’s recent predictions that the bloc’s
second-largest economy is finally turning around.
BERLIN (Reuters) – Ukrainian presidential candidate Petro Poroshenko urged Europe and the United States to agree on a third wave of sanctions against Russia if the Kremlin supports a referendum organized by separatists in eastern Ukraine on May 11.
Separatists in the Donbass region say they will hold a referendum on secession on Sunday, similar to the one that preceded Russia’s annexation of Crimea in March. But such a move could complicate Ukraine’s May 25 presidential elections.
FREISING, Germany, April 18 (Reuters) – Behind the pale
yellow walls of a former Benedictine monastery on a wooded hill
near Munich, the master brewers of Weihenstephan are still
perfecting their art after nearly 1,000 years of making beer.
Since Saint Corbinian and his monks first created a golden,
nourishing beverage from local hops, the world’s oldest brewery
has withstood fires, plagues, plundering foreign armies and
BERLIN (Reuters) – Russia may change its budget rules to reflect the addition of Crimea and its population of about 2 million people, First Deputy Prime Minister Igor Shuvalov was quoted as saying on Thursday during a visit to Berlin.
He told a German newspaper that Crimea – the Ukrainian Black Sea territory annexed by Moscow last month – needed investment in infrastructure that could not be covered by existing funds.
BERLIN, April 8 (Reuters) – Chancellor Angela Merkel’s
cabinet approved on Tuesday a reform of Germany’s renewable
energy law designed to curb a rise in the cost of electricity in
Europe’s biggest economy driven by the rapid expansion of green
The reform will slow the growth of green energy, which
accounts for 25 percent of Germany’s electricity, and force new
investors in green power to take some risk.
BERLIN (Reuters) – Green groups in Germany warned on Wednesday that plans to scale back subsidies for renewable power would slow down the country’s so-called ‘energy revolution’, saying last minute concessions to help wind farm companies were not enough.
The deal on concessions agreed by Chancellor Angela Merkel and regional politicians late on Tuesday cleared the way for Berlin to finalize a draft law on reducing the subsidies – legislation that is being closely watched on power markets.
BERLIN, March 30 (Reuters) – A debate over whether Germany
needs to rethink its energy strategy and reduce its dependence
on Russian gas imports due to the Ukraine crisis is causing
tensions within Chancellor Angela Merkel’s right-left coalition.
Some senior centre-left Social Democrats (SPD) have
questioned a remark by conservative Merkel that Europe’s biggest
economy, which imports some 35 percent of its gas from Russia,
would take another look at its energy policy amid the crisis.
BERLIN (Reuters) – More than 100 listed German companies will be required to allocate 30 percent of seats on their non-executive boards to women, under planned new laws which were dismissed by critics as tokenism.
Although Europe’s biggest economy has a female leader in Chancellor Angela Merkel, women are under-represented in business life.
BERLIN (Reuters) – European leaders will show they are ready to ramp up punitive measures against Russia, including politically sensitive economic sanctions, at a summit starting on Thursday, Chancellor Angela Merkel told the German parliament.
The German leader, who has in the last few weeks toughened her stance against Russia over its actions in Ukraine and the integration of the Crimea region, also indicated that the Group of Eight economic powers may expel Russia from the exclusive club.
BERLIN, March 13 (Reuters) – Germany’s Angela Merkel warned
Moscow on Thursday that it risked “massive” political and
economic damage if it refused to change course on Ukraine,
saying Western leaders were united in their readiness to impose
sanctions on Russia if necessary.
The chancellor, using her strongest language since the start
of the crisis and removing any suspicion that Germany might seek
to avoid a confrontation with President Vladimir Putin, said his
actions would lead to “catastrophe” for Ukraine and much more.