Berlin - German banks and industry issued a joint appeal Wednesday on the eve of the G20 summit for Berlin to help banks write off toxic debts, so as to restore health to the credit sector.
Germany has so far resisted calls for the public sector to set up a "bad bank" to take over under-performing debts and allow banks to start afresh with balance sheets stripped of shaky loans, but the government has not set out what else it might do.
Berlin - Speaking in Berlin before the G20 summit, German Chancellor Angela Merkel warned anew against any reversion to protectionism as nations struggle to avoid the economic crisis.
"It would be the worst answer to this situation," she said, adding that she was bound for London "with a mixture of optimism and concern." She said the world faced the moment of decision.
Berlin - The legendary Bauhaus movement, enriched by such luminaries as Paul Klee, Lyonel Feininger and Vassily Kandinsky, is celebrating its 90th anniversary this year with a series of exhibitions around the world.
The German city of Weimar, where the design movement was created in 1919, launched the celebrations on Wednesday with a Workshops for Modernity exhibition at the city's Bauhaus Museum, which houses one of the most comprehensive collections of Bauhaus designs in the world.
Berlin - Chancellor Angela Merkel on Tuesday offered Germany's good offices to help resolve a new gas dispute which has surfaced between Russia, the European Union and Ukraine.
The chancellor said after talks with Russian President Dmitry Medvedev in Berlin that she would raise the issue with the European Commission.
Russia has called an agreement with the EU to modernize Ukraine's gas infrastructure an "unfriendly act," pointing out that Moscow was excluded from the talks.
Berlin - The world is experiencing a "dramatic moment," Russian President Dmitry Medvedev said before meeting Chancellor Angela Merkel Tuesday ahead of the Group of 20 summit in London.
The Russian leader said the gathering in the British capital had to concentrate on decisions pertaining to "how we can lead our economies out of the precarious situation they find themselves in."
Merkel and Medvedev met with German business leaders before beginning their talks at the federal chancellery in Berlin.
Berlin- German researchers have discovered that the bust of an Egyptian pharaonic queen hailed as the world's most beautiful woman actually has two faces.
Sophisticated CT scanning technology unearthed the secret of Queen Nefertiti, according to an article published Tuesday in the journal Radiology.
Scientists from the Imaging Science Institute at Berlin's Charite hospital found a carefully carved limestone face under the outer stucco of the bust, according to the article.
Berlin - German banks and industry issued a joint appeal Wednesday on the eve of the G20 summit for Berlin to help banks write off toxic debts, so as to restore health to the credit sector.
Berlin - Speaking in Berlin before the G20 summit, German Chancellor Angela Merkel warned anew against any reversion to protectionism as nations struggle to avoid the economic crisis.
Berlin - The legendary Bauhaus movement, enriched by such luminaries as Paul Klee, Lyonel Feininger and Vassily Kandinsky, is celebrating its 90th anniversary this year with a series of exhibitions around the world.
Berlin - Chancellor Angela Merkel on Tuesday offered Germany's good offices to help resolve a new gas dispute which has surfaced between Russia, the European Union and Ukraine.
Berlin - The world is experiencing a "dramatic moment," Russian President Dmitry Medvedev said before meeting Chancellor Angela Merkel Tuesday ahead of the Group of 20 summit in London.
Berlin- German researchers have discovered that the bust of an Egyptian pharaonic queen hailed as the world's most beautiful woman actually has two faces.
