Germany

World’s Largest Solar Boat Sets for World Tour

Solar-Powered-ShipPlanet Solar introduced the World's largest solar-powered ship at the HDW Shipyard in Kiel, Germany on Thursday. The Ship would be powered by about 38,000 solar cells for gaining a top speed of 9 mph without causing any pollution. The ship is a classic example of much hyped green energy initiatives aimed to mitigate carbon emission and reducing ever increasing pollution.

Regeneron, Bayer’s Eye Drug Fulfills its Primary Goal

Regeneron, Bayer’s Eye Drug Fulfills its Primary GoalRegeneron Pharmaceuticals and Bayer HealthCare, a U. S. unit of Germany's Bayer, announced Thursday their experimental drug VEGF Trap-Eye, to treat retinal swelling brought on by diabetes, fulfilled its primary aim in a mid-stage study.

Lower-Than-Expected Net Loss for Fourth-Quarter of Daimler

DaimlerDaimler AG, the German car and truck maker, recorded a lower-than-predicted loss, thereby losing Euro 352 million in the fourth quarter consequently decreasing the share value around 8% to Euro 30.53 in Frankfurt morning trading. The fourth quarter loss for 2008 was Euro 1.53 billion resulting from the Daimler's merging partner Chrysler LLC's due charges as announced on Thursday by the former.

Hike by 9 percent seen in UAE's Aabar Investments Q4 net profit

Aabar-InvestmentsAabar Investments, the largest shareholder in Germany's Daimler, declared a net profit of 132.4 million UAE dirhams ($36.1 million) in the fourth quarter, an increase of 15% against AED115.2 million during the same period, last year.

For the full year, 2009, the profit peaked to AED1.7 billion, against AED721.6 million in the previous year, where as the earnings per share were AED0.63, against AED0.80 for 2008.

November Records Fall in German Unemployment

On the back of a steadily recovering economy, and the fact that the Government had fiercely discouraged firing, the unemployment rate for the month of November recorded a fall all throughout Germany. As confirmed by the figures shared by Nuremberg-based Federal Labor Agency, the number of employed people fell 7,000 to 3.42 million for November, leading to the month recording an unemployment rate of 8.1%, compared to last month's recorded figure of 8.2%.

Qatar to sign rail deal with Germany

The Qatari Diar headquarters is set to witness a deal worth a mega $25 billion between Qatar and German rail and logistics giant, Deutsche Bahn as reported by the Qatar-based The Peninsula. The deal is aimed to strengthen integrated railway network.

Media reports, citing official sources, claims that both sides would sign a deal for passenger as well as freight rail networks in Qatar. German industrial group Siemens could get contracts for supplying trains while construction firms of German can be involved in building rail networks.

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