Germany News
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Merkel Attends Memorial for 21 German Love Parade Victims Crushed to Death
Twenty-one people who were crushed to death a week ago at a music festival in the western German city of Duisburg were remembered today at a memorial service attended by Chancellor Angela Merkel and other German leaders.
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BP May Sell Its German Gas Stations for $2.6 Billion, Wirtschaftwoche Says
BP Plc wants to sell its German gas station unit Aral to finance expenses related to the Gulf of Mexico disaster, Wirtschaftswoche reported, citing unidentified bankers involved in the sale.
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Metro to Move 400 German Jobs to East Europe, India to Cut Costs, L-Z Says
Metro AG, Germany’s largest retailer, plans to outsource at least 400 information-technology and accounting jobs to eastern Europe and India to reduce costs, Lebensmittelzeitung reported, citing unidentified people close to the company.
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ECB's Wellink Says Basel Bank Capital Rules are `Substantial,' NRC Reports
Dutch Central Bank President Nout Wellink, also chairman of the Basel Committee on Banking Supervision, says the new capital and liquidity rules for banks remained “substantial” even after they were softened, NRC Handelsblad reported, citing an interview with Wellink.
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