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Jun 22, 2015

Europe launches satellite to give Earth observation color vision

FRANKFURT (Reuters) – Europe will on Monday will launch a satellite that will give its multibillion-euro Copernicus Earth observation project “color vision,” delivering valuable images that could help forecast crop harvests and respond to humanitarian crises.

The Sentinel-2a satellite, the second of a planned seven-member network, is to be launched aboard a Vega rocket from Europe’s spaceport in French Guiana at 9:52 p.m. EDT (0152 GMT) Tuesday.

Jun 9, 2015

Thailand’s Central Group to buy majority stake in three German luxury stores

BANGKOK/FRANKFERT, June 9 (Reuters) – Thailand’s largest
retail conglomerate Central Group is to buy a majority stake in
three luxury department stores in Germany from property firm
Signa Group for an undisclosed amount, as part of its expansion
in Europe.

Central, controlled by the Chirathivats, Thailand’s
third-richest family, has been present in Europe since 2011 when
it bought the upmarket Italian department store chain La
Rinascente SpA for 205 million euros ($233 million).

May 21, 2015

German train drivers to end strike, agree arbitration

FRANKFURT, May 21 (Reuters) – German train drivers said on
Thursday they were suspending a long-running and economically
damaging series of strikes, agreeing to take a dispute over
negotiating rights with rail operator Deutsche Bahn to
arbitration.

The stoppage, the ninth in a series of strikes over the last
10 months that have delayed commuters and cost industry millions
of euros daily, will be suspended at 7 p.m. (1700 GMT) on
Thursday, drivers’ union GDL said in a statement.

May 15, 2015

Bomb threat disrupts season finale of German TV model show

FRANKFURT (Reuters) – German police said on Friday they had opened an investigation into an unidentified female who called in a bomb threat during the live finale of a model competition, prompting broadcaster ProSieben to stop the show.

Thousands of people were evacuated from the SAP Arena in the southwestern German city of Mannheim, where German model Heidi Klum was presenting the finale of Germany’s Next Topmodel, after the bomb threat was called in at 9 p.m. (1900 GMT) on Thursday.

May 14, 2015

Bomb threat cuts short German TV model show

FRANKFURT (Reuters) – A bomb threat and an unattended suitcase prompted German broadcaster ProSieben to stop the finale of model competition show Germany’s Next Topmodel and evacuate thousands of people from the event’s venue on Thursday.

“We’re sorry. We’ll no longer be broadcasting today,” ProSieben said on its Twitter account.

Apr 30, 2015

BASF says low oil price to stymie earnings growth

FRANKFURT, April 30 (Reuters) – Germany’s BASF
expects a slide in earnings at its Wintershall oil and gas unit
brought on by lower oil prices to cancel out gains at its basic
petrochemicals and crop protection businesses this year.

Crude oil prices have recovered from a six-year low reached
earlier this year, but average prices over the first quarter
were more than 45 percent below year-earlier levels.

Apr 26, 2015

Newsmaker – Ruthless VW patriarch Piech overplays last hand

FRANKFURT (Reuters) – Ferdinand Piech’s iron-fisted rule over Volkswagen helped him build an empire spanning fuel-efficient city cars to 40-tonne trucks, but in the end he overplayed his hand and was forced out before reaching his goal of making VW the world’s biggest carmaker.

A grandson of Ferdinand Porsche, the founder of the sports-car maker who developed the Beetle under a 1934 contract with the Nazis, Piech devoted his life and a 51-year career in the auto industry to making Volkswagen No. 1.

Apr 25, 2015

Ruthless Volkswagen patriarch Piech overplays last hand

FRANKFURT (Reuters) – Ferdinand Piech’s iron-fisted rule over Volkswagen (VOWG_p.DE: Quote, Profile, Research) helped him build an empire spanning fuel-efficient city cars to 40-tonne trucks, but in the end he overplayed his hand and was forced out before reaching his goal of making VW the world’s biggest carmaker.

A grandson of Ferdinand Porsche, the founder of the sports-car maker who developed the Beetle under a 1934 contract with the Nazis, Piech devoted his life and a 51-year career in the auto industry to making Volkswagen No. 1.

Apr 25, 2015

Ruthless VW patriarch Piech overplays last hand

FRANKFURT (Reuters) – Ferdinand Piech’s iron-fisted rule over Volkswagen (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) helped him build an empire spanning fuel-efficient city cars to 40-tonne trucks, but in the end he overplayed his hand and was forced out before reaching his goal of making VW the world’s biggest carmaker.

A grandson of Ferdinand Porsche, the founder of the sports-car maker who developed the Beetle under a 1934 contract with the Nazis, Piech devoted his life and a 51-year career in the auto industry to making Volkswagen No. 1.

Apr 25, 2015

Volkswagen Chairman Piech resigns after failing to oust CEO

FRANKFURT (Reuters) – Ferdinand Piech, a towering figure at Volkswagen (VOWG_p.DE: Quote, Profile, Research, Stock Buzz) for more than two decades, resigned as its chairman on Saturday after losing a showdown with Chief Executive Martin Winterkorn.

Piech, the 78-year-old grandson of the inventor of the Volkswagen Beetle, had previously seen off other executives who crossed him, including his hand-picked successor as Volkswagen CEO, Bernd Pischetsrieder.