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International: Business archive

Cost-Cutting at Lufthansa: German National Carrier Undergoes Mass Restructuring
May 03, 2012, 12:17 PM

Cost-Cutting at Lufthansa German National Carrier Undergoes Mass Restructuring

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 ]


Setting Sun: Eastern Germany Hit Hard by Decline of Solar
April 27, 2012, 06:26 PM

Setting Sun Eastern Germany Hit Hard by Decline of Solar

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...


Spain's Credit Crunch: Euro Group Considers Direct Aid for Banks
April 26, 2012, 12:25 PM

Spain's Credit Crunch Euro Group Considers Direct Aid for Banks

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...

Private 'Italo' Train: Italy Introduces Ferrari on Rails
April 24, 2012, 04:03 PM

Private 'Italo' Train Italy Introduces Ferrari on Rails

Italy's burgundy red Ferrari on rails is finally going into service. Starting on April 28, the "Italo" will travel at speeds of up to 300 kilometers per hour between Milan, Rome and Naples. The new high-speed train is more environmentally friendly and also cheaper than its competitors -- on both the rails and roads. By Hans-Jürgen Schlamp in Rome more... Forum ]

The Spanish Dilemma: Euro's Fate Hinges on Austerity in Madrid
April 23, 2012, 03:26 PM

The Spanish Dilemma Euro's Fate Hinges on Austerity in Madrid

Spain in recent days has taken center stage in the euro crisis. The country's banks are threatened with collapse and the government in Madrid has not been successful in efforts to get the national budget under control. Will the country be forced to request aid from the euro bailout fund? By SPIEGEL Staff more... Forum ]

German Court Ruling Against YouTube: 'We Don't Want to Sue, We Want a Contract'
April 23, 2012, 11:15 AM

German Court Ruling Against YouTube 'We Don't Want to Sue, We Want a Contract'

In an interview with SPIEGEL, Harald Heker, the head of the organization that collects broadcast fees for musicians in Germany, discusses his group's successful case against YouTube. On Friday, a Hamburg court ordered the company to remove video clips from the site that include any of the seven songs included in the case. more...

Cloud Seeding: Google To Launch Storage Service Next Week
April 22, 2012, 12:37 PM

Cloud Seeding Google To Launch Storage Service Next Week

Internet search engine Google is expected to enter the cloud computing fray next week with the launch of GDrive, the company's answer to similar offerings by Apple, Microsoft and Dropbox. more...

Equal Access: Anonymous Applications Help Immigrants and Women
April 18, 2012, 06:10 PM

Equal Access Anonymous Applications Help Immigrants and Women

Job seekers in Germany still list their birthday, gender and family status, even attaching a picture to their applications. But newly released results of a project to make German job applications anonymous show that with personal information left out, women and minorities are more likely to get a job interview. By Renuka Rayasam more...

Addicted to Antibiotics: How Factory Farm Drug Abuse Makes Vets Rich
April 18, 2012, 03:58 PM

Addicted to Antibiotics How Factory Farm Drug Abuse Makes Vets Rich

It's no secret that factory farms use unconscionable amounts of antibiotics when fattening up animals for market. In Germany, however, veterinarians play a crucial role in the abuse. Many are getting rich in the process, but the risks to both human and animals are many. By Nils Klawitter more... Forum ]

Showdown in Washington: Emerging Nations Vie for Power at IMF
April 18, 2012, 03:04 PM

Showdown in Washington Emerging Nations Vie for Power at IMF

The European Union would like to see the International Monetary Fund provide billions in additional funds to help relieve the debt crisis. However, a number of emerging economies are resisting the plans, accusing the West of abusing its power within the organization and creating a "North Atlantic Monetary Fund". By Marc Hujer and Christian Reiermann more...



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