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Finance

Consult China and India in Finance Crisis, Merkel Says

German Chancellor Angela Merkel

Asia should be involved in solving the world's current financial difficulties, said the German chancellor, while the World Bank president warned of a human crisis. »

 

Finance

World Economic Outlook Gloomier as Markets Take Another Hit

Stocks drop on the Frankfurt stock exchange

A world economic confidence index released Thursday dropped to its lowest level in 20 years amid further news of heavy losses on global markets and an ongoing crisis among the world's carmakers. »

 

Europe

ECB Sees Role for Private Sector in Ending Recession

ECB cheif Trichert

As the credit crisis worsens, the head of the European Central Bank is urging the private sector to play an "essential role" in helping to end the worst crisis in the global economy since World War II. »

 

Auto Industry

SolarWorld's Billion-Euro Opel Bid Turned Down by GM

The Opel logo, seen on a car bonnet, splashed by rain

A David-and-Goliath takeover offer for the German factories of General Motors sent the share price of the bidding company, SolarWorld, crashing 16 per cent lower Wednesday, Nov 19 as GM rejected the one-billion euro bid. »

 

Auto Industry

Ailing German Car Industry Faces Job Cuts

The exhaust pipe of a car

Germany's ailing car industry faces the prospect of slashing jobs as the global slump hits home. Dwindling demand and problems with liquidity have some of the biggest names in the business eyeing a bleak future. »

 

Business

Bloated Companies Like GM Should Go Bankrupt, CEO Says

US flags in front of a GM logo

Governments should let failing companies like GM and its European subsidiary Opel go under if they suffer from weak management that can't master a declining economic environment, a Fortune 500 CEO told DW-WORLD.DE.  »

 

Business

To Bail Out or Not -- Berlin Can't Decide About Opel

An opel factory and red light

Chancellor Angela Merkel held talks Monday on the future of ailing carmaker Opel as a debate flared on the company's request for state aid. But the government made no promises, and gave no cash.  »

 

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