Germany

Lowest-priced Fiat will be well above Tato Nano level

Frankfurt - Fiat's planned super-low-cost car for emerging markets will be priced well above the Nano, the no-frills model promised by Tata of India, according to the chief of the Italian group's c

Germany welcomes Israel's ceasefire with Hamas

Berlin - The German Foreign Ministry welcomed Wednesday the
announcement of an Egyptian-mediated ceasefire between Israel and the
militant Hamas group aimed at ending months of violence in the Gaza
Strip.

The accord has the potential noticeably to improve security in
Israel as well as the economic situation of the people in Gaza,
spokesman Martin Jaeger said.

The truce is due to take effect at 6 am (0300 GMT) Thursday,
following which Israel is expected to ease crossing restrictions after
24 hours.

Israel imposed a blockade of the Gaza Strip in response to
near-daily rocket and mortar attacks on its southern towns and villages
and tightened it after Hamas seized sole control of Gaza in June 2007.

German cabinet passes second phase of energy-climate package

Berlin - The German cabinet approved the second phase of a major energy-saving and climate-protection package Wednesday, aimed at cutting greenhouse gas emissions by 40 per cent of 1990 levels by 2

US machine wins world computer speed championship

Dresden, Germany - The latest semi-official ranking of the world's fastest computers was a no-contest for the top spot, with the Roadrunner, a new US government computer which can simulate atom-bom

Germany makes funds available for Afghan reconstruction

Berlin - The German government has made 70 million euros (110 million dollars) available for reconstruction projects in Afghanistan next year, Development Minister Heidemarie Wieczorek-Zeul said We

Adidas to take Wal-Mart to court for alleged copying

Herzogenaurach, Germany  - German sportswear maker Adidas said Wednesday it had initiated legal proceedings against US retailer Wal-Mart in relation to the selling of shoes bearing similar markings

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