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Porsche recalls new 911 model due to engine fire risk

FILE PHOTO

Porsche, the German maker of luxury sports cars, said Wednesday it is recalling all 911 GT3 models built this year due to risk of possible engine fire.

Posted: March 19th, 2014 in Latest Business Stories | Read More »

German firm gains toehold in the Philippines

Rehau, a leading German manufacturer of polymer products, has set up a representative office in the Philippines as it looks to further boost sales in the country by tenfold over the next 10 years.

Posted: March 1st, 2014 in Headlines | Read More »

German BPO firm expanding operations in PH

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Global business process outsourcing (BPO) firm Arvato is expanding its operations in the Philippines, which it deems as a key strategic location for the company given the country’s skilled employees and secure infrastructure.   Arvato, a German company,  recently inaugurated a new facility in Metro Clark, a business and tourism hub north of Manila, in [...]

Posted: February 28th, 2014 in Headlines | Read More »

Germany beefs up support for disaster preparedness

The German government has contributed 500,000 Euros to help the UN Economic and Social Commission for Asia and the Pacific (Escap) strengthen early warning systems in Southeast Asia and the Indian Ocean.

Posted: February 7th, 2014 in Headlines | Read More »

Britain to become Europe’s biggest economy by 2030 – report

London souvenirs are pictured on display outside a store on Oxford Street in central London December 22, 2013. AFP FILE PHOTO

Britain will surpass France and Germany to become Europe’s biggest economy by 2030, according to a study released on Thursday.

Posted: December 27th, 2013 in Latest Business Stories | Read More »

German investors taking a closer look at PH

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More German firms exploring the possibility of setting up shop in the country, as the Philippines remained an attractive investment destination given the continued improvements in the governance and business climates.

Posted: November 8th, 2013 in Headlines | Read More »

US science in peril, say Nobel Medicine Prize winners

Images of James Rothman and Randy Schekman, of the US, and German-born researcher Thomas Suedhof are projected on a screen, in Stockholm, Sweden, Monday, Oct. 7, 2013, after they were announced as the winners of the 2013 Nobel Prize in medicine. The winners on Monday said scientific progress in the United States is in peril due to unprecedented funding cuts and ideological challenges.  AP

Three American winners of the Nobel Prize for Medicine on Monday said scientific progress in the United States is in peril due to unprecedented funding cuts and ideological challenges.

Posted: October 8th, 2013 in Featured Gallery,Latest Business Stories | Read More »

German auto parts firm expanding PH business

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Continental Temic Electronics Phils. Inc., the local unit of German firm Continental Corp., is spending an additional 50 million euros (about P2.9 billion) to install in its Philippine facilities new technologies that would help the company serve the requirements of the global automotive sector.

Posted: October 3rd, 2013 in Headlines | Read More »

Low wages, the flip-side to Germany’s economic miracle

A woman cycles past a union poster in Berlin, advocating an 8.50 euros national minimum wage. The center-left Social Democratic Party, currently in opposition, has made the minimum wage a central part of its election campaign ahead of the country's Sept. 22, 2013 ballot, claiming that growing numbers of Germans are being pushed into poverty because of low salaries. AP

Chancellor Angela Merkel often boasts during the campaign for September 22 elections that Germany has one of Europe’s lowest jobless rates – at around 6.8 percent. But it comes at a price.

Posted: September 15th, 2013 in Latest Business Stories | Read More »

Germany, PH ink tax agreement

Finance Secretary Cesar Purisima: Scorecard system. AP FILE PHOTO

The Philippines and Germany on Thursday signed a tax agreement to prevent double taxation and promote trade and investments between the two countries.

Posted: September 13th, 2013 in Latest Business Stories | Read More »

Study shows that adventure shapes the individual

The act of exploring helps shape the brain and adventuring is what makes each individual different, according to a study out Thursday by researchers in Germany.  AP PHOTO/JOHN PAIN

The act of exploring helps shape the brain and adventuring is what makes each individual different, according to a study out Thursday by researchers in Germany.

Posted: May 10th, 2013 in Latest Business Stories | Read More »

Lufthansa cancels flights Monday due to strike

German airline Lufthansa said Wednesday, March 20, 2013,  it will cancel nearly 500 European flights on Thursday owing to planned warning strikes by ground staff and other divisions within the group.  AP PHOTO/DPA,FREDRIK VON ERICHSEN

German flag carrier Lufthansa said that most of its domestic, European and long-haul flights would be canceled on Monday due to strike action by ground personnel and cabin crews.

Posted: April 22nd, 2013 in Latest Business Stories | Read More »

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