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German Social Democrats give Merkel coalition a chance

Germany's Social Democrats (SPD) voted on Friday to give their coalition with Chancellor Angela Merkel a chance of survival, setting out relatively modest demands as their price for staying in government with the conservatives.

EU to consider tougher tax haven listing

A group of European Union countries is calling for the bloc to cast a wider net when listing tax havens and to consider imposing stricter sanctions for countries facilitating tax avoidance, according to an EU document and an EU official.

German car industry expects more job cuts in 2020

Germany's main automobile industry body said on Wednesday it expects global car sales to fall by 5% this year, the steepest drop since the financial crisis, and warned of more job cuts in 2020 as a result.

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