In a SPIEGEL interview, Hartmut Mehdorn, 69, CEO of Germany's second-largest airline Air Berlin, discusses how the surprise delay in opening the capital's new international airport will affect the company. He also describes widespread financial difficulties among airlines as an "industry crisis." more...
As cities become more crowded and traffic more snarled, commuters and engineers are searching for better ways to get around the world's urban hubs. E-scooters, once considered an unpromising technology, are making a comeback as major car manufacturers rediscover their utility and sudden popularity. By Jürgen Pander more...
The world's largest facility for filtering carbon dioxide out of industrial emissions was inaugurated in Norway this week. While some see it as a godsend in efforts to reach environmental targets, others find the technology too dangerous and expensive. By Gerald Traufetter more... [ Forum ]
This week's move by Spain to nationalize the country's fourth-largest bank almost overnight is just the latest in a financial sector crisis that has been growing since the Spanish real estate bubble burst. It is likely to increase calls for Madrid to accept financial aid from its European partners. By David Böcking more... [ Forum ]
Deutsche Bank has settled a legal dispute with the US Justice Department for $202 million as part of Josef Ackermann's attempts to clean house before his stint as CEO ends next month. US officials had sued a Deutsche Bank subsidiary for knowingly violating mortgage regulations. more...
Countries around the world envy Germany's economic success and look up to it as a role model. But a closer look reveals a much bleaker picture. Only a few are benefiting from the boom, while stagnant wages and precarious employment conditions are making it difficult for millions to make ends meet. By SPIEGEL Staff
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Internet companies like Etsy and Germany's DaWanda are helping to promote a renaissance in handicrafts in Europe and around the world. The firms provide platforms that enable individual artisans to sell their wares on the web in a growing market niche. And business is booming, as both companies expand internationally and venture capitalists make new investments. By Jess Smee in Berlin more... [ Forum ]
The CEO of German flag carrier airline Lufthansa has been forced to make cuts in the face of growing losses. With the restructuring, Christoph Franz is dismantling the legacy of the company's former CEO and future supervisory board chairman. Is he steering directly into a conflict? By Dinah Deckstein more... [ Forum ]
The global solar industry has entered a brutal phase of consolidation and nowhere are the effects as dramatic as in eastern Germany. Several companies have already declared bankruptcy, leaving towns and cities in the region struggling with job losses and tax revenue shortfalls. The future bodes ill. By Charles Hawley more...
The banking crisis in Spain has countries across Europe in a deep state of worry. A German newspaper is now reporting that the European Central Bank and a number of euro-zone countries would like to change the euro bailout fund in order to permit it to lend money directly to financial institutions in the throes of the crisis. Germany, however, is strictly opposed to the idea. more...
