Frankfurt
Royal Caribbean to launch new Persian Gulf tour
Submitted by Marina Dimova on Tue, 11/04/2008 - 08:34.US cruise company Royal Caribbean is to inaugurate a new route to Dubai starting in January 2010 when the "Brilliance of the Seas" heads to destinations in the Persian Gulf.
Financial crisis forces German banks to tap state aid
Submitted by William Kaelin on Mon, 11/03/2008 - 17:03.Two key German banks announced Monday they were tapping the government's 470-billion-bank-euro (600-billion-dollar) rescue fund in the wake of the world financial crisis.
Cologne and Leverkusen fined over flares
Submitted by Anna Tomova on Mon, 11/03/2008 - 16:19.German Bundesliga clubs Bayer Leverkusen and Cologne were both fined by the German Football Federation (DFB) Monday after flares and firecrackers landed on the pitch in the recent derby match between the sides.
Commerzbank shares jump after seeking state aid
Submitted by Marina Dimova on Mon, 11/03/2008 - 10:01.Shares in Commerzbank AG bounded ahead Monday after Germany's second biggest bank said it was tapping the government's bank rescue fund for an 8.2 billion-euros (10.6 billion dollars) capital injectio
Porsche releases pressure on VW stock
Submitted by William Kaelin on Wed, 10/29/2008 - 21:36.Luxury carmaker Porsche released some of the price pressure on Volkswagen stock Wednesday, announcing in Stuttgart it would unwind futures contracts on up to 5 per cent of Volkswagen AG voting stock.
At the same time it affirmed its ultimate intention to buy "up to 75 per cent" of Volkswagen, Europe's biggest carmaker.
Volkswagen shares soar amid slump
Submitted by William Kaelin on Mon, 10/27/2008 - 21:40.Rare Volkswagen shares commanded giddying prices Monday on the Frankfurt Stock Exchange after Porsche announced it was within sight of 75-per-cent control of Europe's biggest carmaker.
The stock spiked 200 per cent before settling to 520 euros at the close of electronic trading, up 146 per cent from Friday.
European shares open sharply down
Submitted by Marina Dimova on Mon, 10/27/2008 - 09:31.
European shares opened sharply down Monday after a steep fall in stocks across Asia signalled another tumultuous week on global bourses.
Black Friday engulfs markets as recession fears grow
Submitted by William Kaelin on Fri, 10/24/2008 - 22:26.European markets faced up to a Black Friday as a wave of panic selling triggered by growing recession fears sent shares and currencies into a dramatic tailspin.
London - Aero-engine maker Rolls-Royce said Thursday it would cut up to 2,000 jobs worldwide as a result of the current economic "uncertainties."
Washington - Buying a new computer usually involves comparing models. Comparisons are more difficult than they used to be, as the number of choices has grown and manufacturers have started marketing computers with specific uses in mind.
Indian authorities have issued a birth certificate to a Japanese baby born to an Indian surrogate mother, easing the way for her Japanese father to take her home, news reports said Saturday.
