GERMANY

A logo of Germany's Commerzbank is seen in bright sunshine next to the headquarters of the bank in Frankfurt

German Unemployment Rate Hits Lowest Level in Two Decades

German unemployment rate fell to a record low in March, in contrast to many other nations in the eurozone which suffer from rising unemployment levels, while also showing evidence that growth in the Europe’s largest economy is picking up.

G-7 Recovery ‘Decoupling’ Between Europe, North America: OECD

A man stands next to a globe displaying international stock market prices at the London Stock Exchange in the City of London
Economic recovery in Europe and North America is diverging and remains fragile, as Canada and the United States experience steady growth and European economies continue to falter, a report by the Organization for Economic Cooperation and Development said Thursday.

Euro Zone Lagging Behind In Shaky G7 Recovery: OECD

The euro zone has entered a technical recession in the first quarter of 2012, according to Eurocoin
Euro zone nations are falling far behind the United States and Canada as a fragile recovery takes root in advanced economies, the OECD said on Thursday, advising central banks to keep easy money flowing so the rebound does not prove short-lived.
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Frankfurt Airport Lufthansa

German Air Transport Disrupted By Strike

The strike by baggage handlers and ground staff affiliated with the Ver.di union has also led national carrier Lufthansa to cancel hundreds of flights at Germany's largest airports.
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Asian Shares Up, Dollar Down On Bernanke Statement

Asian stocks rebounded Tuesday and the dollar eased after Federal Reserve Chairman Ben Bernanke said ultra-loose monetary policy was still needed to reduce unemployment even though the U.S. economy has shown signs of improvement.
A sculpture showing the Euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt

Eurozone PMI Drops: Is It A Blow For ECB Operations?

Hopes that the European Central Bank’s operations would help to facilitate a meaningful pick-up in the euro-zone economy were dealt a blow by the release of March’s flash Purchase managers Index surveys according to Capital Economics.
Workers wait in front of the Opel plant of Bochum

Opel May Close Two European Factories - Reports

Rumors of factory closings swirl around General Motors Co.'s German subsidy Opel, even as the company leads the way in sales of its electric Ampera, the European version of the Chevy Volt.
A sculpture showing the Euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt

Euro Zone Falls Into 'Recession': Markit Report

The euro zone slid back into recession in March as output fell for the second quarter running, reaching a new three-month low, according to Markit's Eurozone PMI Composite Output Index on Thursday.
Italy's weak bond auction on Tuesday spooked traders, causing a drop in the prices for the country's government bonds

ECB's Draghi Says Worst Of Euro Zone Crisis Is Over

The worst of the euro zone crisis is over and the European Central Bank will act if inflation risks grow, ECB President Mario Draghi said in a German newspaper interview released on Thursday, seeking to ease angst in Germany about price rises.
John Demjanjuk

Nazi Guard Demjanjuk To Be Buried In Cleveland

John Demjanjuk, the former Nazi guard convicted for his involvement with the deaths of 28,000 people, will be buried in Cleveland, Ohio, the city where he settled after fleeing Germany after World War II.

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