Inflation in Germany dips in December
German inflation slowed to 1.1 per cent in December, mainly as a result in a steep fall in the price of fuel, the Federal Statistics Office, Destatis, said Tuesday, December 30.
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Germany calls for social responsibility in global economy
In her New Year's address, Chancellor Angela Merkel said the global economy had been plunged into crisis by financial excess carried out without social responsibility and with a loss of proportion by many bankers and managers.
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Euro turns 10
The European single currency has acted as a windbreaker against the global financial storm for euro zone businesses and citizens, financial experts said Monday, December 29.
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BMW India to launch 7 Series in February 2009
German luxury car maker BMW India recently announced that it has achieved 100 per cent growth in its car sales for 2008. According to media reports, BMW India has already sold 2,703 cars till November and aims to sell 2,800 by the end of 2008 against 1,387 in 2007.
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Consumer spending to be stable through 2009 in Germany
Despite the fears of a growing world recession, Germans seem to be in the Christmas shopping fever, according to recently released consumer report. Consumer spending went up in December and as the data predicts that it will remain stabile in 2009.
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Chancellor Merkel considering new economic stimulus measures
German Chancellor Angela Merkel acknowledged that Germany's current 31 billion euros ($42.36 billion) stimulus package might not be enough, but said she wants to wait until January 2009 before putting forward a new proposal.
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German business braces itself as confidence plunges
German business sentiment dropped more than expected in December, hitting a record low after plunging for seven straight months. With business slumping, Europe's largest economy is bracing itself for a tough year.
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Some German sectors profit despite recession
In the face of the global financial crisis world economies are in freefall. Surprisingly however, some German businesses are coming out on top: Used machinery and security services seem to be riding the storm.
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German Foreign Office promotes corporate social responsibility
The German Foreign Office, together with the Bertelsmann Foundation, has launched an Internet platform to promote Corporate Social Responsibility (CSR). The new information portal provides a forum for closer networking and country-based exchange of business ideas and initiatives amongst German companies.
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Leading fairs from Germany come to India
The second edition of the concurrent industrial trade fairs on the topics of Hannover Messe will be staged at Bangalore International Exhibition Centre (BIEC), from December 10-13, 2008.
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