GERMANY

IBTimes Logo

Spain Plans High-Stakes Bond Sale

Spain will attempt Thursday to sell as much as 2 billion euros ($2.5 billion) of bonds at interest rates expected to be dangerously high.
More news
IBTimes Logo

Asian Shares Edge Up; All Eyes On Europe

Asian shares nudged up Wednesday but were capped by concerns that Europe's financial strains could intensify without a global response, as Spain warned that it was being shut out of credit markets.
IBTimes Logo

ECB To Keep Pressure On Governments, Could Signal Rate Cut

The European Central Bank is expected to hold back from policy moves when it meets on Wednesday, instead urging governments to address the euro zone's crisis, but it could indicate a readiness to cut interest rates as early as next month given a weakening economy and Spain's banking troubles.
ecb_hq.jpg

Euro Zone To Fall Into Recession In 2Q, But Will ECB Ride To Rescue?

The euro zone avoided recession with zero growth in the first quarter, but it seems to have run out of luck. Recent data out of the single currency bloc has led economists to conclude with confidence that a recession is looming and the European Central Bank may not act Wednesday.
Hollande (left) and Ayrault

French Unions, Hollande Brace For Huge Wave Of Layoffs

Bernard Thibault, the secretary of the Communist-backed Confédération Générale du Travail, one of France's largest unions, warned that at least 45,000 jobs (and maybe as many as 90,000) will be jettisoned by some 46 companies.
IBTimes Logo

Spain Says Markets Are Closing To It As G7 Confers

Spain said on Tuesday that credit markets were closing to the euro zone's fourth biggest economy as finance chiefs of the Group of Seven major economies were to hold emergency talks on the currency bloc's worsening debt crisis.
IBTimes Logo

G7 To Hold Emergency Talks Tuesday; Spain Top Concern

Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis on Tuesday in a sign of heightened global alarm about strains in the 17-nation European currency area.
Prime Minister Mariano Rajoy

Spain's PM: Fiscal Union + Monetary Union = New Euro Zone

Spanish Prime Minister Mariano Rajoy proposed on Saturday that the 17 countries in the euro zone create a common fiscal authority, with each surrendering a significant amount of its national sovereignty to send a signal to financial markets about the certainty of their single-currency experiment.
Volkswagen Passat

VW's May US Sales Gain 28%

Volkswagen AG (Frankfurt: VOW) U.S. sales grew 28.4 percent in May, the company's best May since its heyday as a 70s era-icon.
IBTimes Logo

Euro Zone Unemployment Grows By 110,000 In April

Some 110,000 people were added to the unemployment rolls of the 17-nation euro zone in April, the statistical office of the European Union reported Friday, once again setting a record high, as every country in the common currency agreement save for Austria, Germany and Ireland reported a deteriorating labor condition. The unemployment rate held steady at 11 percent.
Margarete von Waldeck

Is Snow White Real? A Look Back Into The Life Story Of Countess Margarete Von Waldeck

With the premiere of Rupert Sanders' Snow White and the Huntsman starring Kristen Stewart, Chris Hemsworth and Charlize Theron, many are wondering if the folk tale popularized by the Brothers Grimm and Walt Disney about the girl with hair as black as ebony and skin as white as snow is based on a real person. According to a German scholar named Eckhard Sander, Snow White was indeed real: She was a woman named Margarete von Waldeck, whose life paralleled the folk story.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.