After months of discussion, the German parliament has agreed measures to control sharp rent rises in areas under housing pressure. Nearly 60 percent of people in Germany rent their homes.
Microsoft co-founder Bill Gates is leading a multi-million dollar investment into Berlin-based start-up ResearchGate. The firm’s online network allows researchers to collaborate more easily.
The European Central Bank has set a date for the launch of its massive sovereign bond-buying program aimed at stimulating the ailing eurozone economy. Deutsche Welle reports.
Chancellor Angela Merkel has warned Russia to live up to the Ukraine peace agreement it backed in Minsk last month or face tougher sanctions. She said the EU stands ready to impose new measures if needed.
Pro-legalization campaigners welcomed a draft law presented by the Green party on Wednesday that would allow adults to consume cannabis under strict conditions.
Austria’s former finance minister Michael Spindelegger (right), who resigned last year over tax reform, has a new job as director of the Agency for the Modernization of Ukraine (AMU) it was announced on Tuesday.
Deutsche Bank co-CEO Juergen Fitschen faces a lengthy trial connected to the Kirch bankruptcy after a court agreed to hear the case in a blow to one of Germany’s most powerful bankers and a setback for its largest bank.
Austria is halting payments on more than €11 billion ($12.28 billion) in debts of the failed Hypo Alpe-Adria-Bank International AG until it has found a way of winding down the bank without imposing more costs on taxpayers.
The organization for German former residents of the Sudetenland displaced after World War II has removed from its position any references to reparations and reclaiming land.
Germany will need to spend more on defence in coming years in response to growing global instability, German Finance Minister Wolfgang Schäuble said in an interview Sunday.