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Europe
03.09.2015
Stuttgart (dpa) - Ferdinand Piech, the grand old man of German carmaking who was ousted in a power struggle this year at Volkswagen, is to be replaced in his role as supervisory board chairman by a financial executive, Volkswagen said Thursday.Hans
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Europe
03.09.2015
Frankfurt (dpa) - European Central Bank chief Mario Draghi says the ECB has no plans to change its annual inflation goal of just below 2 per cent.Changing its 2-per-cent inflation target would risk the ECB‘s credibility if it altered the policy
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Europe
03.09.2015
Frankfurt (dpa) - European Central Bank chief Mario Draghi says the ECB stands ready to expand or extend its 1.1-trillion-euro (1.2-trillion-dollar) monetary stimulus plan to ensure the bank meets its inflation goal.The ECB is ready "to adjust the
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Europe
03.09.2015
Frankfurt (dpa) - European Central Bank inflation forecasts for this year are at near zero, as ECB chief Mario Draghi warns that consumer prices could fall back into negative territory.Consumer prices are projected to average just 0.1 per cent this
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Europe
03.09.2015
Berlin (dpa) - The European Central Bank revises down the growth outlook for the 19-member eurozone amid a slump in demand from the world‘s leading emerging economies, notably China.The currency will grow by 1.4 per cent this year - down from
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Europe
03.09.2015
Berlin (dpa) - The Reimann family, which owns Coty, Durex and other top brands, has gained ground to become the second-richest in Germany with an estimated net worth of 23 billion euros (26 billion dollars), a business magazine, Bilanz, said
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Europe
03.09.2015
Frankfurt (dpa) - European Central Bank (ECB) chief Mario Draghi is set to announce Thursday that the bank has cut its forecasts for consumer prices and that the bank is weighing new measures aimed at spurring economic growth and inflationary
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Europe
03.09.2015
London (dpa) - Japanese carmaker Nissan will invest about 100 million pounds (153 million dollars) to produce a new "crossover" range of vehicles at a plant in the north-eastern English city of Sunderland, the company said on Thursday.The Nissan Juke
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Europe
03.09.2015
Moscow (dpa) - German state bank KfW signed a deal on Thursday to lend 200 million euros to cash-strapped Ukraine, Ukraine‘s Finance Ministry said.The loan will directly support Ukraine‘s Deposit Guarantee Fund, responsible for
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