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Apr 29, 2013

German trade association slashes 2013 export, import forecasts

BERLIN (Reuters) – Germany’s BGA trade association on Monday slashed its forecasts for exports and imports in 2013 and said trade would not contribute to growth in Europe’s largest economy this year due to a slower-than-expected global pickup.

BGA President Anton Boerner also said the euro zone debt crisis was weighing heavily on demand for German goods, with recession in southern Europe likely to worsen in the short-term, and expressed particular concern about Italy’s prospects.

Apr 18, 2013

Interview: Qatar races to develop solar-powered cooling for World Cup

BERLIN (Reuters) – Qatar is racing to develop efficient solar-powered cooling technology to counter the searing heat of the Middle Eastern summer in its stadiums during the 2022 soccer World Cup, a senior organising committee official told Reuters.

Nasser Al-Khater, the organising committee’s communications and marketing director, also said the tiny gulf state would construct its stadiums with modular technology so it could downscale them after the tournament, and donate seating to countries with little sports infrastructure.

Apr 18, 2013

Qatar races to develop solar-powered cooling for World Cup

BERLIN (Reuters) – Qatar is racing to develop efficient solar-powered cooling technology to counter the searing heat of the Middle Eastern summer in its stadiums during the 2022 football World Cup, a senior organising committee official told Reuters.

Nasser Al-Khater, the organising committee’s communications and marketing director, also said the tiny gulf state would construct its stadiums with modular technology so it could downscale them after the tournament, and donate seating to countries with little sports infrastructure.

Apr 18, 2013

Soccer-Qatar races to develop solar-powered cooling for World Cup

BERLIN, April 18 (Reuters) – Qatar is racing to develop efficient solar-powered cooling technology to counter the searing heat of the Middle Eastern summer in its stadiums during the 2022 soccer World Cup, a senior organising committee official told Reuters.

Nasser Al-Khater, the organising committee’s communications and marketing director, also said the tiny gulf state would construct its stadiums with modular technology so it could downscale them after the tournament, and donate seating to countries with little sports infrastructure.

Apr 18, 2013

Leading institutes see robust German growth on domestic demand

BERLIN, April 18 (Reuters) – Germany’s leading economic
institutes said on Thursday domestic demand would drive a 0.8
percent expansion in Europe’s largest economy this year and that
this would more than double to 1.9 percent in 2014 as exports
picked up.

The institutes also said that while it may seem appropriate
for the European Central Bank to cut interest rates, given weak
regional growth, this would only serve to delay necessary
restructuring in the banking sector.

Apr 9, 2013

German imports, exports slump unexpectedly in February

BERLIN (Reuters) – German imports fell sharply in February for the third time in the last four months and exports also declined, in a sign the euro zone’s largest economy cannot be relied on to help lift the currency bloc out of recession.

Data from the Federal Statistics Office on Tuesday showed imports sliding 3.8 percent, undercutting even the lowest estimate in a Reuters poll of economists. The consensus forecast had been for imports to rise 0.5 percent.

Apr 8, 2013

German output rises moderately as industry recovers

BERLIN/HANOVER (Reuters) – German industrial output rose in February and industry leaders were cautiously optimistic about growth and investment in Europe’s largest economy this year as long as there is no flare-up in the euro zone crisis.

Coming on the heels of figures showing a stronger-than-expected rise in industrial orders in February, Economy Ministry data on Monday showed output edging up 0.5 percent on the month. This was above the mid-range forecast in a Reuters poll of economists for a 0.3 percent rise.

Apr 8, 2013

German output rises in February as industry recovers

BERLIN (Reuters) – German industrial output rebounded in February as increases in capital goods and energy production offset a weak construction sector, in a sign that Europe’s largest economy is slowly recovering after a dismal end to 2012.

Coming on the heels of figures showing a stronger-than-expected rise in industrial orders in February, Economy Ministry data on Monday showed output edging up 0.5 percent on the month. This was above the mid-range forecast in a Reuters poll of economists for a 0.3 percent rise.

Apr 5, 2013

German industry orders jump, suggest sector recovery

BERLIN, April 5 (Reuters) – Swelling domestic demand for
capital goods drove a stronger-than-expected rise in German
industrial orders in February, adding to signs Europe’s largest
economy and growth engine is back on track after a dismal end to
last year.

Seasonally and price-adjusted order intakes rose 2.3 percent
on the month, data from the Economy Ministry showed on Friday,
well above a forecast in a Reuters poll of 34 economists for a
1.2 percent rise. It was the strongest rise since October, and
made up for a 1.6 percent fall in January.

Mar 26, 2013

Chill in car sales spreads to northern Europe

BERLIN/AMSTERDAM, March 26 (Reuters) – Snow is piled high on
the cars in a deserted dealership in Berlin, and it is not just
the stubborn wintry weather that is gnawing at salesman Mustafa
Kosak, shivering at his desk in a portable office.

“Sales were drastically down in January, February; sometimes
we are happy just to cover our overheads,” said Kosak, 38,
wrapped up in a big overcoat.

    • About Sarah

      "Sarah covers economic and political news from Argentina as part of the Reuters Latin America reporting team. The focus this year is on a shift in policy ahead of key elections in late 2015 and signs of a slowdown in an economy marked by one of the world’s highest inflation rates. Sarah moved to Buenos Aires in 2014 from Berlin, where she reported on Europe’s largest economy for five years during the euro zone debt crisis. She joined Reuters as a graduate trainee in the London HQ in 2007 and has also done assignments in Frankfurt and Vienna. ..."
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