The Local Germany

Here's where the biggest wealth divisions are in Germany

Wed, 24 Apr 2019 12:39:05 +0200

A new study into differences in disposable income levels has revealed the significant wealth inequality across Germany. We break down where the differences are.

Wage rage? Average wages still considerably lower in the former East

Fri, 03 Aug 2018 13:24:41 +0200

The amount you take home at the end of the month doesn’t just depend on the job you do or how hard you work. According to new statistics, where you live might just be the most important factor.

This is how much politicians earn in Germany’s various parliaments

Fri, 08 Jun 2018 15:01:50 +0200

The salary taken home at the end of the month by politicians in Germany varies widely from state to state. How much does your local representative earn?

Despite emissions scandal, Volkswagen clinches record sales

Wed, 17 Jan 2018 11:34:33 +0100

German carmaker Volkswagen said Wednesday it sold a record number of vehicles in 2017, putting it on track to hold on to the title of world's largest carmaker two years after its "dieselgate" emissions scandal.

Experts warn of rising inequality in Germany

Fri, 18 Mar 2016 12:23:27 +0100

Income inequality has leapt in Germany since 2000, a new study shows, with the lowest earners having less money in their pockets than 15 years ago despite sustained economic growth.

Lights out for solar cell makers Conergy

Fri, 05 Jul 2013 14:46:00 +0200

German solar panel manufacturer Conergy said it will file for insolvency on Friday, the latest victim of ferocious competition from Asia in the industry.

Truck maker MAN warns of falling profit

Tue, 04 Jun 2013 14:37:00 +0200

German truck maker MAN, a unit of European car giant Volkswagen, warned Tuesday of a "significant" decline in financial performance this year due to increased provisions and the difficult situation in its engine business.

Daimler prepares for potential profit warning

Wed, 10 Apr 2013 17:51:00 +0200

The head of German carmaker Daimler said on Wednesday that European demand had been weaker than expected in early 2013, paving the way for a possible lowering of the company's annual targets.

S&P puts Deutsche Bank on negative rating watch

Wed, 27 Mar 2013 13:28:00 +0100

International ratings agency Standard and Poor's put the biggest German bank's long-term credit rating on negative watch Wednesday after Deutsche Bank's 2102 earnings were hit by writedowns and legal costs.

Deutsche Bahn profits up as traffic surges

Thu, 21 Mar 2013 17:15:00 +0100

German rail operator Deutsche Bahn said Thursday that profits rose sharply last year as passenger numbers hit record levels amid soaring petrol prices.

Deutsche Telekom 'lost billions' in 2012

Thu, 28 Feb 2013 09:00:00 +0100

German telecommunications giant Deutsche Telekom said on Thursday that multi-billion-euro writedowns in the United States had pushed it into a net loss of €5.255 billion in 2012.

Allianz more than doubles net profit in 2012

Thu, 21 Feb 2013 13:09:00 +0100

German insurance giant Allianz said Thursday its net profit more than doubled last year as it shrugged off the worst of the financial crisis.

Lufthansa orders new jets amid job cuts

Wed, 20 Feb 2013 13:03:00 +0100

Lufthansa, Germany's biggest airline, said on Wednesday it plans to order new aircraft worth €9 billion despite a cost-cutting drive involving job losses and the closure of at least two sites.

Daimler revs up profits on record sales

Thu, 07 Feb 2013 15:26:00 +0100

German automaker Daimler said Thursday that its net profit rose by 8.0 percent to €6.495 billion ($8.8 billion) in 2012 on the back of record unit sales and revenues.

Deutsche Bank bleeds hefty losses

Thu, 31 Jan 2013 12:45:00 +0100

Deutsche Bank, Germany's biggest bank, said on Thursday that one-off effects pushed it into the red in the fourth quarter of last year and led to a multi-billion drop in full-year profits.

Siemens earnings and orders dip in first quarter

Wed, 23 Jan 2013 13:03:00 +0100

German engineering giant Siemens said on Wednesday that earnings and orders fell in the first quarter, but it was hoping a shake-up of its businesses would nevertheless enable it to meet its full-year targets.

One in four low-earners works 50-hour week

Tue, 22 May 2012 14:28:00 +0200

Almost a million Germans are working 50 hours a week or more on low wages, a recent study carried out by a major research institute has revealed.

Opposition blocks €6.1 billion tax cut

Fri, 11 May 2012 18:51:00 +0200

The German government was left reeling on Friday when the opposition parties blocked a €6.1 billion tax cut for low-income earners in the upper house of parliament, the Bundesrat.

Pensioners will be allowed to earn more

Tue, 20 Mar 2012 15:49:00 +0100

As the German population ages, leaving fewer working people to support the growing number of pensioners, rules governing how much they can earn on top of their pension are set to be relaxed.

One in four earns less than €9.15 an hour

Wed, 14 Mar 2012 11:52:00 +0100

The number of badly-paid Germans is rising, with around eight million (23 percent) German workers earning less than €9.15 an hour – 2.3 million more than in 1995, a new study published on Wednesday shows.