Germany

SAP shares fall as quarterly earnings slump

SAPFrankfurt- The world's biggest business management software maker SAP AG said Wednesday that falling revenue, the global economic downturn and the high restructuring costs resulted in first-quarter net profit falling 16 per cent to 204 million euros (269 million dollars). While the German-based group confirmed its outlook for the current year, its shares dropped 2.9 per cent to 29.30 euros following the release of the results.

SAP said that due to the continued the economic and business uncertainty it would not provide a specific outlook for software and software-related service revenues for 2009.

German foreign minister on surprise visit to Afghanistan

Berlin, GermanyKabul - German Foreign Minister Frank-Walter Steinmeier arrived Wednesday in Kabul on a surprise visit during which he is to meet with President Hamid Karzai and Foreign Minister Rangin Dadfar Spantar. Steinmeier's trip, his fourth to Afghanistan since taking office at the end of 2007, was kept secret until after his arrival for security reasons.

Chancellor Angela Merkel visited German troops stationed in the north of the country three weeks ago but did not meet with Afghan leaders.

Hindus urge Grammy bosses to include ‘Kirtan’ category

Hindus urge Grammy bosses to include ‘Kirtan’ categoryWashington, Apr 29 : American-Hindu scholars have urged Grammy bosses to add a new category for traditional Indian music at the annual prize giving - the `Kirtan' category.

The Universal Society of Hinduism officials have emphasized that with the growing popularity of `kirtan' across America and the U. K, its time that it was declared a category in Grammy, reports Contactmusic.

Classic cars considered safe investment in dire economic times

Classic cars considered safe investment in dire economic timesHamburg - Rare classic cars are achieving record prices at auctions as investors moving their money into material assets during these uncertain economic times.

"People who have lost trust in the stock market are putting their money into things where they hope to maintain or increase the value of their money such as in old cars," says Dieter Ritter from the German automobile club (AvD).

Batteries usually to blame for car breakdowns

Munich - Most car breakdowns are caused by defective batteries and the electronic system, according to figures released by Germany's automobile association ADAC.

About 40 per cent of 2.5 million breakdowns listed by the ADAC were a direct result of battery problems.

"This confirms a trend over several years," said ADAC spokesman Maximilian Maurer. Battery technology has remained the same for the past two decades while having to cope with more electronic equipment such as seat heating and electric windows.

"The average car battery today has a lifespan of between four and six years. More is just not possible," Maurer said.

Audi restyles Q7, cleaner engines

Audi restyles Q7, cleaner engines Ingolstadt, Germany - Audi has given its Q7 Sports Utility Vehicle (SUV) a makeover with several styling changes and more efficient and cleaner engines.

Along with the 3.0 TDI, the car maker is offering a TDI clean diesel version with a consumption listed at 8.9 litres per 100 kilometres or 26.43 to the gallon (US).

Among the design changes is a new single-frame radiator grille

with vertical chrome bars contrasting with a black high-gloss finish. From the side, the vehicle has a more coupe-like roofline.

Pages