|Thursday, June 26, 2014
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Volkswagen Recalls 2.6 Million Cars Worldwide

 Wolfsburg, Germany (dpa) - Volkswagen on Thursday announced one of the largest recalls in its history, calling 2.6 million cars into its workshops because of problems with lights, transmissions and leaks in their fuel lines. The recall affects 800,000 Tiguan compact crossover vehicles made from 2008 to 2011 with a defective fuse that could cause partial light outages, Europe’s ...Full Article

German Energy Giant RWE to Eliminate 6,750 Jobs

 Essen, Germany (dpa) - German energy giant RWE AG said Thursday it would cut 6,750 jobs, about 10 per cent of its workforce, by 2016 because of declining profits. ...Full Article

Clean Machines and Luxury at the 65th Annual Frankfurt Car Show

 Frankfurt (dpa) - Some of the greenest cars you can buy are among the stars of next week’s 2013 Frankfurt motor show, the most important grandstand for Europe’s automotive ...Full Article

Joe Kaeser Designated New Siemens President and CEO

Joe Kaeser (56), Chief Financial Officer (CFO) of Siemens AG since 2006, has been designated the new President and CEO of Siemens AG, effective August 1, 2013. A new ...Full Article

Munich Hosts Drinktec as World Beer Market Grows

EUROPE - Messe Munich’s Drinktec event expects to surpass its’ previous show’s record attendance when it returns in September, amid claims the world beer market is on the rise. The ‘world’s ...Full Article

Europe Pushes to Shed Stigma of a Tax Haven

By ANDREW HIGGINS from The New York Times LUXEMBOURG — It was a blunt and unsettling message for a country whose opaque banks have sucked in hundreds of billions ...Full Article

Munich, Salzburg unite to attract Chinese tourists

Munich joined hands with Salzburg to launch a road show in Shanghai on Friday as the German and Austrian cities united in their goal to get more people to ...Full Article

German students are poorly prepared for the job market

Almost one-in-four apprentices in Germany drop out of their training programs, and many intern and training positions remain open. Vocational training specialist Felix Rauner talks about the reasons for ...Full Article
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