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Jan 22, 2012

Newsmaker: Megaupload a story of Dotcom boom and bust

By Lincoln Feast and Sarah Marsh

(Reuters) – Among the roll-call of hip-hop artists and other celebrities plugging Megaupload.com’s digital storage services in an online promotional video, a cameo from the website’s founder would have gone unnoticed by many.

As the voiceover boasts of the site’s billion users and four percent share of all Internet traffic, a colossal figure clad in black appears in a music studio.

Jan 22, 2012

Megaupload story of Dotcom boom and bust

Jan 22 (Reuters) – Among the roll-call of hip-hop
artists and other celebrities plugging Megaupload.com’s digital
storage services in an online promotional video, a cameo from
the website’s founder would have gone unnoticed by many.

As the voiceover boasts of the site’s billion users and four
percent share of all Internet traffic, a colossal figure clad in
black appears in a music studio.

Jan 12, 2012

Economic growth cuts Germany’s 2011 borrowing

BERLIN (Reuters) – Strong economic growth rather than savings helped Germany borrow nearly two thirds less than originally planned in 2011, but borrowing will rise again this year as Europe’s bulwark economy starts to feel the pain of the euro debt crisis.

Net new government borrowing for 2011 was 17.3 billion euros, well below the originally planned 48.4 billion euros and down from November’s revised estimate for around 22 billion euros, the Finance Ministry said on Thursday.

Jan 9, 2012

Investors pay to lend to Germany, want more from France

BERLIN, Jan 9 (Reuters) – Investors paid to lend
Germany a combined 3.9 billion euros for six months on Monday,
accepting a loss in a renewed flight to safety from the euro
zone debt crisis.

France, by contrast, had to pay more to borrow short-term
funds, albeit that demand for its bills was strong. Investors
are increasingly focusing on a handful of euro zone economies,
notably Germany and The Netherlands, to park their money.

Jan 9, 2012

Investors pay to lend money to Germany

BERLIN, Jan 9 (Reuters) – Investors paid to lend
Germany a combined 3.9 billion euros for six months on Monday,
reflecting a renewed flight to safety on fears over the euro
zone debt crisis.

While yields on the bonds of peripheral euro zone countries
have hit record highs in recent months on concerns about the
debt crisis, Germany’s yields have fallen to record lows.

Jan 9, 2012

German surplus widens, France set for record trade gap

BERLIN (Reuters) – German exports bounced back in November boosting the country’s trade surplus, a sign that Europe’s largest economy may avoid a sharp slowdown in contrast to France which is expected to have run up a record trade deficit in 2011.

The leaders of the two countries met on Monday to find ways to create faster growth and help the euro zone out of its debt crisis.

Jan 5, 2012

German retail sales dip in Nov, trend still strong

BERLIN, Jan 5 (Reuters) – German retail sales fell 0.9
percent on the month in November but the Federal Statistics
Office said that figure would probably be revised after a
bullish Christmas that may have helped sales to their fastest
full-year growth since 2004.

Retail sales likely rose between 1.1 and 1.3 percent in real
terms in 2011, and between 2.7 and 2.9 percent in nominal terms,
the Office said in an initial estimate, pointing to strong
private consumption that is offsetting a decline in external
trade for Europe’s largest economy.

Dec 29, 2011

German inflation eases for third month running

BERLIN, Dec 29 (Reuters) – German inflation eased for
the third straight month in December, slowing more than expected
and adding to a run of data supporting the case for lower
interest rates in the euro zone.

Consumer prices rose 2.1 percent year on year, the lowest
reading since March and down from 2.4 percent in November, the
Federal Statistics Office said on Thursday.

Dec 29, 2011

German states point to December inflation dip

BERLIN (Reuters) – German consumer price inflation looks set to dip closer in December to the European Central Bank’s euro zone target of just under 2 percent, based on figures from four states.

Annual inflation slowed sharply in the states of Saxony, Brandenburg and Hesse to 2.2, 2.1 and 1.7 percent respectively, data showed on Thursday. In November, inflation for these states stood at 2.6, 2.6 and 2.3 percent.

Dec 22, 2011

Germany faces recession risk as crisis hits confidence

BERLIN (Reuters) – After breezing through the euro zone debt crisis for the past two years, Germany’s economy could fall into recession as anxious businesses hold off on investment and exports wither.

Economists who once predicted a mere slowdown in growth for Europe’s largest economy are now slashing their forecasts and predicting contraction, possibly for two consecutive quarters, depriving the region of its most powerful motor.

    • 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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