Germany

More Troubles for Volkswagen as Probes Multiply in Falsified Vehicle Emission Scandal

More Troubles for Volkswagen as Probes Multiply in Falsified Vehicle Emission ScandalVolkswagen's troubles are far from ending. The scandal which hit the car maker in relation to falsified vehicle emission tests in the U.S. could affect eleven million cars globally said the company. It also said that, investigations related to its diesel models multiplied increasing fresh pressure on Martin Winterkorn, the CEO of VW.

German Financial Recovery Speeds Up Modestly In the Second Quarter

German Financial Recovery Speeds Up Modestly In the Second QuarterOn Friday an official data showed that Europe's biggest economy Germany, slightly picked up pace in the second quarter of this year. The reasons behind the growth are thought to be a weaker euro and strong consumer spending.

Jobless Rate Drop in Germany

Jobless Rate Drop in GermanyIn November, there was a drop noted in the rate of unemployment in Germany. Official data reveals that the labour market is continuing to waver off the weak growth.

Though the unemployment rate in Germany has struck a record low level yet concern of slower inflation still continues to be a factor for worry as it may give rise to a deflation.

In Order to Settle a German Tax Probe UBS Books 254 million euros From Second Quarter

In Order to Settle a German Tax Probe UBS Books 254 million euros From Second Quarter UBS, the Zurich based lender reserved a 254 million euro ($341.25 million) in the second quarter to settle claims and for resolving a charge which says that it helped rich Germans to duck taxes. This is the most recent in a series of lawsuits that are aimed at its business of private banking.

Germany Increase Coal Imports and Pollution, and The US Exports Has a Greater Share

Germany Increase Coal Imports and Pollution, and The US Exports Has a Greater ShareThe location for one of the most recent coal powered power station of Germany is on the banks of a canal that is hundred year old, which once upon a time shipped coal that was dug out from the Ruhr Valley and supplied to the world. Now sides have changed and coal comes from other places to Germany now.

Daimler demonstrates self-driving truck prototype

Daimler demonstrates self-driving truck prototypeTaking a clue from Google Inc's self-driving cars, German auto giant Daimler AG's Mercedes-Benz division recently demonstration a self-driving truck prototype in Magdeburg, Germany.

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