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German jobless rate hits record low

2014-11-27 17:23:45| BBC News | Business | UK Edition

Germany's unemployment rate has hit a record low of 6.6%, but falling inflation has raised eurozone deflation fears.

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German chip-maker Infineon sees growth after solid Q4

2014-11-27 10:20:51| Semiconductors - Topix.net

German Chancellor Angela Merkel and other officials listen to Infineon chairman Reinhard Ploss talking about secure communication networks during the so-called national IT-summit in Hamburg, northern Germany, on October 21, 2014 German semiconductors giant Infineon said on Thursday it will pay an increased dividend for the year to September and forecasts further sales growth after a solid fourth quarter. Infineon, which runs its business year from October to September, said in a statement that its net profit rose by 27 percent to 181 million euros in the fourth quarter.

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German economy avoids recession

2014-11-14 08:32:46| BBC News | Business | UK Edition

The German economy narrowly avoids recession, growing by 0.1% in the third quarter, official figures show.

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Siemens and TenneT start trial for BorWin2 grid link in German North Sea

2014-11-14 01:00:00| Power Technology

Siemens has initiated trial run for the BorWin2 direct current link in co-ordination with power grid operator TenneT in German North Sea.

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Telefonica slows German revenue decline to 0.5% in Q3

2014-11-10 10:50:00| Telecompaper Headlines

(Telecompaper) O2 Germany added 143,000 postpaid customers and 70,000 new prepaid customers in the third quarter to take its mobile base to 19.6 million at the end of September. The figures do not yet include E-Plus, which was consolidated only from 01 October. The operator's retail fixed broadband base fell by another 31,000 customers in Q3 to 2.2 million. Telefonica said the Q3 results confirmed the improving trend since the beginning of the year, with revenues in the third quarter down only 0.5 percent year-on-year to EUR 1.219 billion, compared to drops of 4.4 percent in Q2 and 8.8 percent in Q1. Mobile service revenues totaled EUR 754 million, down 1.5 percent. The drop in mobile revenue was limited by growth in mobile data and the company's data monetisation strategy. Mobile data revenues including SMS revenues were up 0.2 percent in Q3 to EUR 366 million. Non-SMS mobile data revenue was up 9.3 percent in the same period. OIBDA was still down 17.8 percent to EUR 240 million in Q3, giving a margin of 19.7 percent. The result was hurt by initial restructuring costs related to the acquisition of E-Plus as well as investments in sales and marketing. Capital expenditure was down 15.6 percent year-on-year to EUR 145 million. Telefonica said it had already started the integration of E-Plus with the appointment of new management and plans to cut 1,600 duplicate jobs from the merged group.

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