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May 24, 2013

Private consumption helps German economy to meager growth

BERLIN (Reuters) – Robust private consumption helped Germany eke out meager growth in the first quarter, compensating for declines in both exports and investment, and is likely to remain a pillar of support for Europe’s largest economy this year.

Germany’s gross domestic product (GDP) rose by 0.1 percent on the quarter and shrank by 1.4 percent on the year, final seasonally adjusted data from the Statistics Office confirmed.

May 15, 2013

Germany agrees another inflation-beating wage hike

MUNICH/BERLIN, May 15 (Reuters) – Germany’s IG Metall
engineering union secured a deal on Wednesday for an
inflation-beating wage increase for workers in Bavaria, which
will serve as a basis for a nationwide agreement for 3.7 million
employees.

The deal signals a second year of hefty wage hikes, which
economists say will not fuel inflation unduly but could help
bolster consumption at a time when Europe’s largest economy is
under pressure from its neighbours to do more to stimulate
growth and help drag the region out of recession.

May 15, 2013

Germany narrowly avoids first-quarter recession with 0.1 percent growth

BERLIN (Reuters) – Germany just skirted a recession in the first quarter thanks to a rise in private consumption, leading some economists to cut full-year growth forecasts and underscoring how Europe’s largest economy cannot be relied on to drive a regional recovery.

Seasonally-adjusted preliminary data released on Wednesday by the Statistics Office showed the German economy growing by 0.1 percent, significantly less than a median forecast in a Reuters poll of 35 economists for expansion of 0.3 percent.

May 15, 2013

Germany narrowly avoids Q1 recession with 0.1 pct growth

BERLIN, May 15 (Reuters) – Germany just skirted a recession
in the first quarter thanks to a rise in private consumption,
leading some economists to cut full-year growth forecasts and
underscoring how Europe’s largest economy cannot be relied on to
drive a regional recovery.

Seasonally-adjusted preliminary data released on Wednesday
by the Statistics Office showed the German economy growing by
0.1 percent, significantly less than a median forecast in a
Reuters poll of 35 economists for expansion of 0.3 percent.

May 15, 2013

Germany ekes out growth, France slides into recession

BERLIN/PARIS, May 15 (Reuters) – Germany’s economy crept
back into growth in the first quarter of the year, after a sharp
contraction at the end of 2012, while France slipped into
recession, data showed on Wednesday.

Germany grew by just 0.1 percent on the quarter, weaker than
expected as a harsh winter prevented a stronger rebound.

May 10, 2013

German anti-euro party clears key hurdle before election

BERLIN (Reuters) – Germany’s newly launched anti-euro party will clear a key hurdle this weekend to taking part in September’s national election but has yet to rally enough support to win seats in parliament.

“Alternative for Germany” (AfD), which wants the country to quit the euro and reintroduce the deutsche mark, said it would found its 16th and final regional association on Sunday – a requirement to be able to contest national votes.

May 7, 2013

Berlin ballet woos new crowd with a dark show in a techno club

BERLIN, May 7 (Reuters) – Berlin’s state ballet has teamed
up with a leading techno night club to produce a dark,
avant-garde show with bondage masks and a bus wreck set in a
former power plant that showcases the city’s vibrant alternative
cultural scene.

“Masse” (mass) features three performances by choreographers
scored by DJs who regularly play at the Berghain in a wasteland
in the city’s ex-communist east which grew out of a gay, fetish
joint and is known for its booming sound and hedonistic parties.

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.

    • About Sarah

      "Sarah Marsh is a Reuters correspondent based in Berlin, where she covers the economy, political and general news. She joined Reuters as a graduate trainee in 2007 and worked in London, Frankfurt and Vienna before moving to Berlin in May 2009."
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