BERLIN, Dec 13 (Reuters) – German economic think tank Ifo on
Thursday nearly halved its forecast for 2013 growth in Europe’s
largest economy to 0.7 percent but said domestic demand would
help it pick up next year after a brief contraction this
Ifo said it was cutting its forecast from its June estimate
of 1.3 percent growth as the euro zone’s debt crisis had hit the
economy later than expected, delaying the recovery.
BERLIN, Nov 30 (Reuters) – A bigger than expected drop in
German October retail sales dented hopes on Friday that private
consumption could compensate for the impact of the euro zone
crisis on export activity in Europe’s largest economy.
The notoriously volatile retail indicator was down 2.8
percent on the month in real terms and 0.8 percent on an annual
basis, preliminary data showed on Friday. Economists polled by
Reuters had forecast retail sales would fall by 0.2 percent on
the month and gain 1.2 percent on the year.
TORONTO/BERLIN Nov 27 (Reuters) – Deep divisions at the
Federal Reserve were on display on Tuesday, just two weeks
before the U.S. central bank’s next policy-setting meeting, with
one top Fed official pushing for more easing, and another
The divide underscores the hurdles Fed Chairman Ben Bernanke
faces as he tries to win consensus among his fellow policymakers
on the central bank’s sometimes controversial efforts to bring
down the nation’s lofty unemployment rate, which registered 7.9
percent last month.
BOCHUM, Germany (Reuters) – Germany’s fast-sinking Pirates Party struggled to overcome infighting at a congress that ended on Sunday and chart a course for next year’s federal elections that may see it cast into political oblivion as swiftly as it arrived.
Support for the Pirates, who surprisingly won seats in four states over the past year, has shrunk to around a quarter of its peak. Their demise could help the centre left recover enough votes to oust conservative Chancellor Angela Merkel.
BOCHUM, Germany (Reuters) – The leader of Germany’s Pirates, whose shock success in four state elections thrust it onto the political stage, apologized on Saturday for the fierce infighting that has contributed to a plunge in popularity and called for unity.
The Pirates have seen support drop from 13 percent six months ago to under 5 percent now, the threshold needed for it to enter parliament at next year’s federal election.
BERLIN (Reuters) – Philipp Klais, who runs the organ manufacturer in Bonn that his great-grandfather founded in 1882, gets requests every week from foreign officials as far away as Korea to visit his company. This baffles him.
“They want to find the secret to our success,” said Klais, whose organs stand in concert halls and churches from Taiwan to Argentina, as well as in Germany. “But we don’t see any, we just do what we do, and have been doing for the past 130 years.”
BERLIN, Nov 14 (Reuters) – Philipp Klais, who runs the organ
manufacturer in Bonn that his great-grandfather founded in 1882,
gets requests every week from foreign officials as far away as
Korea to visit his company. This baffles him.
“They want to find the secret to our success,” said Klais,
whose organs stand in concert halls and churches from Taiwan to
Argentina, as well as in Germany. “But we don’t see any, we just
do what we do, and have been doing for the past 130 years.”
BERLIN (Reuters) – Germany’s Greens on Saturday elected a former environment minister and an east German Lutheran to spearhead their campaign for next year’s federal elections, when they have solid chances of returning to government.
The two campaign leaders reflect the broadening appeal of Germany’s third largest party beyond left-wing eco-warriors to more centrist voters, posing a threat to the two larger parties and especially to Chancellor Angela Merkel’s conservatives.
BERLIN (Reuters) – German exports slid in September at the fastest pace since late last year, hit by declining demand among its crisis-wracked euro zone trading partners.
Imports also fell, adding to evidence that the crisis is inflicting a heavy toll on the currency bloc’s largest economy.
BERLIN (Reuters) – German manufacturing, the locomotive of Europe’s largest economy, is running out of steam three years into the euro zone debt crisis, which has clobbered orders and output.
Data on Wednesday showed output slid by 1.8 percent on the month in September, more than forecast and the sharpest drop since April. A day earlier, data had shown industrial orders fell 3.3 percent month-on-month in September.