The Local Germany

Ailing Karstadt chain sold for €1 (again)

Fri, 15 Aug 2014 16:42:00 +0200

The retail giant's German holders are throwing in the towel on their attempt to pull the department store chain out of the red.

Nuke shutdown could force energy asset sale

Sat, 24 Dec 2011 10:51:00 +0100

German energy giant RWE has put its assets in Egypt up for sale in a bid to raise about one billion dollars to counter Germany's impending nuclear power shutdown.

Swiss MP threatens fire with fire over bank data

Sat, 13 Feb 2010 18:50:00 +0100

A Swiss member of parliament alleged Saturday that top German public officials had secret bank accounts in Switzerland and threatened to out them if Germany bought stolen data on tax dodgers.

Swiss data to be bought this weekend: report

Sat, 06 Feb 2010 14:01:00 +0100

German tax investigators were in France this weekend to buy the now-notorious stolen Swiss bank data on 1,500 alleged tax cheats, magazine Focus reported Saturday.

Insolvent Quelle offers Germany's 'biggest ever' clearance sale

Fri, 30 Oct 2009 17:24:00 +0100

Bankrupt mail-order giant Quelle is to have “Germany’s biggest clearance sale” starting Sunday, with 18 million items of merchandise ranging from clothing to electrical appliances being sold at up to 30 percent off.