The Latest: German trade group welcomes extension

British Prime Minister Theresa May, right, walks away after speaking with the media after she arrives for an EU summit at the Europa building in Brussels, Wednesday, April 10, 2019. European Union leaders meet Wednesday in Brussels for an emergency summit to discuss a new Brexit extension. (AP Photo/Olivier Matthys) The Latest on Britain's departure from the European Union (all […]

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Young German activists demand earlier coal-burning deadline

File – In this Friday, March 29, 2019 file photo, students attend a protest rally of the ‘Friday For Future Movement in Berlin, Germany. A group that has helped organize weekly student protests in Germany against climate change is calling for the country’s phase-out of coal-fired power plants to be sped up. (AP Photo/Markus Schreiber) Young German activists who have […]

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Daimler, BMW to limit cooperation to affordable electric car in China: paper

FRANKFURT (Reuters) – Daimler and BMW are looking to limit their planned cooperation to jointly produce an affordable electric car in China, German daily Sueddeutsche Zeitung reported on Wednesday. Daimler and BMW declined to comment. Last month, news reports said that BMW and Daimler are in talks to cooperate in developing vehicle platforms for electric cars in a step that […]

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The Latest: German industry group: Brexit chaos is absolute

Anti-Brexit demonstrators wave EU flags on a bus driving by Parliament Square in Westminster, London, Friday, March 29, 2019. Pro-Brexit demonstrators were gathering in central London on the day that Britain was originally scheduled to leave the European Union. British lawmakers will vote Friday on what Prime Minister Theresa May’s government described as the “last chance to vote for Brexit.” […]

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BMW and Daimler seek 7 billion euros savings from shared platforms: reports

FRANKFURT (Reuters) – BMW and Daimler are in talks to cooperate in developing vehicle platforms for electric cars in a step that could save each carmaker at least 7 billion euros ($7.91 billion), Sueddeutsche Zeitung and Auto Bild said on Thursday. The two premium carmakers already have a joint procurement program and recently extended their alliance to include development of […]

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U.S. extends time for divestment from sanctioned Russian company GAZ

WASHINGTON (Reuters) – The U.S. Treasury said on Wednesday it was extending by four months the deadline for investors to divest from Russian automaker GAZ, a company linked to Russian tycoon Oleg Deripaska that Washington sanctioned over Russia’s “malign activity.” The Treasury’s Office of Foreign Assets Control said in a statement that it would allow investors and businesses until July […]

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The Latest: German minister says Airbus must find jobs

FILE – In this Dec. 18, 2014, file photo, an Emirati man takes a selfie in front of a new Etihad Airways A380 in Abu Dhabi, United Arab Emirates. Abu Dhabi-based Etihad Airways said Thursday, Feb. 14, 2019, that it has restructured planned airplane purchases from Airbus and Boeing as the government-owned carrier faces financial turbulence. (AP Photo/Kamran Jebreili, File) […]

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The Latest: German union seeking safeguard for workers

FILE – In this Dec. 18, 2014, file photo, an Emirati man takes a selfie in front of a new Etihad Airways A380 in Abu Dhabi, United Arab Emirates. Abu Dhabi-based Etihad Airways said Thursday, Feb. 14, 2019, that it has restructured planned airplane purchases from Airbus and Boeing as the government-owned carrier faces financial turbulence. (AP Photo/Kamran Jebreili, File) […]

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German Exports, Imports Rebound In December

Germany’s exports rebounded at a faster-than-expected pace in December, exceeding expectations, and imports followed suit, extending some positive data for the biggest euro area economy after the recent run of weak figures that suggested a slowdown. Exports rose a calendar and seasonally-adjusted 1.5 percent from November, when they declined 0.3 percent, figures from the Federal Statistical Office showed on Friday. […]

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