The German government is failing spectacularly to find a common strategy to address the current global food crisis. Ministers seem to prefer protecting their pet projects and are pointing the finger at each other rather than working together to ease
SPD boss Kurt Beck has said he wants Martin Schulz, head of the Social Democratic group in the European Parliament, to take over as Germany's EU commissioner when Günter Verheugen steps down next year. Schulz spoke to SPIEGEL ONLINE about
When German Chancellor Angela Merkel received the 2008 Charlemagne Prize on Thursday, French President Nicolas Sarkozy was on hand to sing her praises. He said he liked her "a lot more" than people say, and that they make a "harmonious
May 1 is a federal holiday in Germany. All German newspapers suspend publication during holidays. Though SPIEGEL INTERNATIONAL will be publishing on a limited schedule on Thursday, our daily "World from Berlin" press review will not return until Friday.
Indians are using their cell phones—some 300 million have subscriptions, vs. only 30 million PCs—as a "one-stop shop" for everything from e-mailing to banking
Finance Minister P Chidambaram said that he does not expect any increase in interest rates by PSU banks in reasonable future.Loans to individual housing sectors grew by 16.44 per cent to touch Rs 1,48,489 crore (Rs 1484.89 billion) as on
Steel czar Lakshmi N Mittal is mulling floating an oil and gas company as part of his inorganic growth path for achieving bid in the hydrocarbon sector.Mittal is likely to transfer oil and gas assets he has acquired over the
Responding to charges of cartelisation against the industry, newly-elected CII president K V Kamath on Thursday said corporates must ask themselves whether their actions in a demand-driven market was causing distress to others.
Air travel is going to be dearer as major airlines have decided to raise the fares by at least 10 per cent besides increasing the fuel surcharge. The move by Air India, Jet Airways, Spicejet and Kingfisher comes in view
Anil Ambani group's Reliance Power appears to have failed to hold back a large number of foreign and domestic shareholders, even by offering bonus shares, yet it remains the most widely held entity in India.Among the institutional investors, a marked
Owing to another rise in jet fuel prices this month, airlines, such as Spice Jet, have decided to hike the fuel surcharge levied by them on tickets by Rs 150 for short haul sectors (less than 750 kms) and by
The Internet and Mobile Association of India (IAMAI) has named Ajit Balakrishnan as its Chairman Emeritus.The governing board of the IAMAI has also unanimously elected Sanjeev Bikhchandani as its chairman for 2008-09.
Expansion and growth aren't necessarily the same thing. For Dallas-based Holly Corp ., the last of IndustryWeek's 50 Best Manufacturers for 2007 , its third-straight record setting year in 2006 could have been enough to click its growth model onto
The number two U.S. automaker said it sold 220,727 vehicles in April. Ford reported an 18.3% slide in its truck category sales including SUVs while passenger cars were down just one percent. Ford also noted a sharp decline in sales
The PMI registered 48.6% in April, the same as in March. A reading above 50% indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting. "Manufacturers are in a situation where both new
Adjusted for 26 selling days, two more than in April 2007, total domestic sales skidded 22.7% lower, GM said. GM, the world's leading automaker, said it had sold 260,922 vehicles in the U.S. in April. Approximately 130,000 units of production
According to New York Times/CBS survey released on Wednesday, 51 per cent of Democratic primary voters now expect Obama to win the nomination, down from 69 a month ago. At least 48 per cent of Democrats now say Obama is
As the state Wildlife and Forest Department's all 'efforts to gear up vigil in the habitats of endangered one-horned Asiatic rhinoceros' has come to a naught, the All Assam Students Union alleging nexus between rhino poachers and a section of
