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EU economic recovery to cost 500 euros a head

ImageWith the European Central Bank struggling to meet its 2- percent inflation target, economics professor John Muellbauer is proposing a radically different strategy to give the economy a much needed boost.

Internet Governance

European Parliament may propose plan to break up Google

The European Parliament may be looking into measures to split up Internet search engine services, which would primarily affect search giant Google. A draft motion was cited by the Financial Times and news agency Reuters.

Foreign Trade

Vietnam: A country on the move

About 750 business representatives are meeting in Ho Chi Minh City to explore opportunities in Vietnam. The mood is upbeat, reflecting Vietnam's high growth rate. Manuela Kasper-Claridge surveys the scene.


German businesses in Asia: 'The basic conditions have to be right'

With the 14th Asia-Pacific Conference of German business underway in Vietnam's Ho Chi Minh City, DW's Manuela Kasper-Claridge spoke to Hubert Lienhard, chairman of the Asia-Pacific Committee of German Business (APA).


Greece submits budget without troika's OK

Greece has defied international creditors by submitting a draft budget they say overstates the health of the country's fragile economy. Just last week official figures showed Greece emerging from a six-year recession.


Organized crime: draining the swamp

Germany's Federal Criminal Police (BKA) is set to fight organized crime. Both the German police and Europol are better equipped than criminals would expect.

Auto Industry

Volkswagen to invest billions in fuel-efficiency, new factories

Volkswagen has announced a new multi-billion investment plan for the next five years. Newer, more fuel-efficient models are on the way, plus massive expansion in China.


China lowers interest rate to lift economy

China has cut its benchmark interest rate for the first time in over two years in hopes to avert a cooling in its economy. The move comes amid fears that 2014 growth will be the slowest in two decades.


Tech industry pans Obama immigration reform

Silicon Valley wants an immigration policy reform to make it easier for companies to employ foreign software engineers. Obama's proposed reform doesn't go far enough, industry insiders say.


Dealing with foreign associate degrees

It's better to be a skilled worker than just an assistant. To this end, Germany wants to see more foreign diplomas recognized to give foreign workers better jobs and incomes - which would also serve employers.


Struggling Mongolia picks new premier

An economic downturn in Mongolia has prompted its parliament to appoint a new prime minister, Chimed Saikhanbileg. His predecessor was accused of failing to turn major mineral deposits into tangible revenue.


OECD: 'Indian economy showing signs of a turnaround'

After languishing for two years, India's economy is beginning to recover, a new survey found. But without major structural reforms, growth will fall short of pre-2011 levels, OECD Chief Economist Catherine Mann tells DW.


Britain backs down in EU bonus cap challenge

Great Britain has withdrawn its legal challenge to a European Union limit on bankers' bonuses. It said it would not spend any more money fighting a losing battle.


Ackermann to rescue Bank of Cyprus

Former Deutsche Bank CEO Josef Ackermann has been elected new chairman of Cyprus' largest lender. Bailed-out Bank of Cyprus faces an uphill battle to get rid of its toxic assets, which are spoiling its balance sheets.

Auto Industry

General Motors steps up investment in Opel

US auto maker General Motors has said it will invest hundreds of millions of euros more in its European subsidiary Opel. It said the additional resources would mainly go toward a new generation of engines.

Corporate Reports

ThyssenKrupp logs profit after years of losses

German heavy engineering giant ThyssenKrupp has left behind painful years of loss-making. The company managed to log a sound profit in its 2013/2014 business year, but structural woes continue to haunt it.


China firm wins huge Nigerian railway contract

A state-owned Chinese rail company has signed an agreement with Nigeria to construct a railway line along the West African nation's coast, a project dubbed as China's biggest foreign infrastructure deal to date.


Sieren’s China: Chinese apps flirt with global success

Chinese app developers are among the most successful in the world, and often they know their users better than their Western counterparts, says DW columnist Frank Sieren.