Germany

Valemus Launches its $1bn Float

Nick GreinerGerman construction giant Bilfinger Berger is reported to have initiated with the largest initial public offering since Myer's lackluster float, in an aim to pave way for the new outfit competing more closely with rival Leighton Holdings.

German Recovers from Euro Zone Debt Smoothly

EuroAs the Euro Zone debt disaster darkened the outlook for Europe's largest economy, German business emotion dipped in May and private sector growth slowed. There is a fear in the market that the Euro Zone might crumple or the Zone might even disintegrate, this has brought a huge dose of ambiguity into the prospects of business.

General Motors Arrives on Cost Savings Agreement with Opel’s Employees

GM-OpelGeneral Motors Co. arrived at an agreement on cost savings with Adam Opel GmbH employees to help fund a restructuring of the non-profitable division, a person aware of the situation said.

Details of the deal will be declared today by Nick Reilly, Opel’s Chief Executive, and Klaus Franz, the unit’s top Labor Leader, the person said, who preferred to remain anonymous since the agreement has not been exposed to public as yet.

German House Accepts Contribution to Rescue Deal

German HouseIt was lately seen that Germany's lower house of parliament had accepted the country's donation to a 750bn euro rescue deal for the Eurozone.

It has also been expected by the upper house that it would back a German contribution of up to 148bn Euros.

It has been seen that Chancellor Angela Merkel had faced domestic opposition to help Greece and other struggling EU economies.

Volkswagen Comes up with Zero Emission Taxi Concept

Volkswagen Comes up with Zero Emission Taxi ConceptVolkswagen has declared that it will "revolutionize" mobility in the next few years in urban areas, as the concept of zero emission taxi has been revealed by the company in Berlin. The company has dubbed the concept of taxi as the 'Berlin Taxi', which is one of Volkswagen's first line-up of electric vehicles, to be disclosed by 2013.

Partnership memorandum signed by Deutsche Bahn with UAE firm

Deutsche-BahnA memorandum of understanding was recently signed by Germany's national rail operator Deutsche Bahn (DB) with the local Al-Masaood Group in order to work on the planning, construction and operation of rail projects in the UAE.

With the signing of this deal, DB has moved a step closer to win multi-billion dollar deals aimed at working on important rail projects in the UAE, including the federal railway network.

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