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German Bundesliga Europe’s most profitable football league
Germany’s Bundesliga has remained top of the tables in terms of football league profitability, a survey by Deloitte consultancy group has found. It has clinched the title in part thanks to unmatched...
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Carmaker Opel to stop Astra production in Germany earlier
Struggling German auto maker Opel is planning to stop the production of its most important brand Astra in Germany earlier than originally envisaged. But no negative impact is expected on the firm’s...
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Portuguese parliament approves new spending cuts
The Portuguese government has voted in favor of altered spending cuts that had become necessary after an earlier Constitutional Court ruling. Lisbon was confident it would be able to meet EU deficit...
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Joint venture eyes cheap smartphones for emerging nations
The world is longing for cheap smartphones. A new alliance between Apple supplier Foxconn and Firefox developer Mozilla plans to meet this demand by offering low-cost, web-based devices. Taiwanese...
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IEA: Carbon emissions from fuel usage hit new global record
The International Energy Agency (IEA) says the world’s carbon dioxide emissions from fossil fuel usage have risen to a record level. It warns that despite increased renewables usage climate change will...
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Greece fails to privatize state gas company DEPA
The Greek government has admitted the planned privatization of the domestic gas supplier DEPA has had to be postponed. It said no serious bidders were left in the end, with Russia’s Gazprom opting out...
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Sony pushes button in games console price battle
Japan’s electronics giant Sony is using aggressive pricing policy to outmuscle its US rival Microsoft in the games console market. Sony’s new PlayStation 4 will cost much less than Microsoft’s...
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Airliner market set to double in two decades, says Boeing
Global demand for aircraft in the next 20 years will be stronger than previously thought, US planemaker Boeing has said, as passenger numbers are set to double. Boeing’s estimate is even higher than...
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UNEP report sees slowdown in renewable energy investments
Global demand for renewable energy has continued to rise steadily, a fresh United Nations report has shown. But the study also pointed out that lower prices had prompted a reduction in revenue in the...
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French air traffic controllers strike, rail staff next
“Almost 100 percent” of air traffic controllers have downed tools to protest plans to unify EU airspace, according to France’s DGAC aviation authority. Hundreds of flights were hit, with a rail strike...
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German minister calls for rethink on flood protection
Environment minister Peter Altmaier has reacted to Germany’s record floods by calling for rivers to be given more room to buffer their floodwaters, if necessary through removal of riverside homes and...
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Strikes paralyze rail system in France
Rail workers have gone on strike in France, crippling the country’s train system, one day after striking air traffic controllers triggered flight cancellations en masse. The rail strikes are expected...
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National Bank of Greece escapes nationalization
The biggest lender in debt-stricken Greece, the National Bank NGB, has announced that it raised the necessary amount of private capital to avoid nationalization. It secured even more money than...
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China helps Volkswagen steer clear of Europe’s car crisis
Robust demand in China has become the engine driving growth at German auto maker Volkswagen (VW). Rising sales in the world’s biggest car market made VW shine in May, despite the dark clouds over...
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Sunken barges to plug dike in Germany’s flood zone
Authorities in Germany’s flooded Elbe river basin plan to plug a broken dike by sinking two barges in the gap. Federal and regional governments are arguing over how to finance 8 billion euros in flood...
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Abe cabinet endorses Japan economic reform plan
The cabinet of Japanese Prime Minister Shinzo Abe has approved economic reforms aimed at making companies more competitive. The move follows huge fiscal stimulus by Tokyo to overcome two decades of...
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China lifts off past Europe in space travel
China’s advancing technological prowess has reached the point where is has overtaken Europe in the fields of space research and travel. Germany is also finding ways to assist the Asian nation’s...
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Airbus, Boeing land major deals at Paris Air Show
The world’s biggest planemakers Airbus and Boeing have secured a large number of orders during the first day of the Le Bourget air show near Paris. Demand for fuel-efficient long-haul planes was...
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Greek debt costs surge on government collapse
Borrowing costs for debt-laden Greece have surged massively as the smallest party in the ruling coalition decided to exit the government. The move raised uncertainty over reforms and the country’s...
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No let-up in smog plume smothering Malaysia
Thick smog from burn-offs on Sumatra, Indonesia, has forced school closures across southern Malaysia. Police in Indonesia say two farmers have been arrested for setting peat on fire. Aerial water drops...
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