Deutsche Lufthansa AG is prepared to ride out the worst disruption in its history, signaling to its pilots that they need to make concessions similar to those of their lower-paid colleagues at the German airline.
Huawei Technologies Co., China’s biggest maker of phone network equipment, forecast a 10 percent increase in sales this year after posting record earnings on rising demand from wireless carriers for gear.
President Barack Obama sought to encourage Chinese criticism of Russia on Ukraine, while Chinese President Xi Jinping pressed Obama about a reported U.S. breach of the servers of China’s largest phone-equipment maker, as the leaders met today.
Chancellor Angela Merkel’s planned revamp of the German energy industry may crimp the onshore wind expansion that’s key to her unprecedented switch from nuclear to renewable power sources, the country’s top wind state said.
European Central Bank President Mario Draghi sees no need for further cuts to the institution’s benchmark rate amid “encouraging signs” that the euro crisis may be resolved, Der Spiegel reported, citing an interview.
The German government will nominate Claudia Buch as vice president of the Bundesbank, succeeding Sabine Lautenschlaeger as the only woman on the central bank’s board, said two people familiar with the coalition’s decision.
Greece is considering withdrawing from the euro and returning to its old currency, prompting emergency talks by European Union officials, Der Spiegel reported, without saying how it got the information.
Greek Prime Minister George Papandreou aims to force opposition parties’ hands by calling a referendum on the latest European Union bailout effort, Martin Schulz, floor leader of the Socialists in the European Parliament, said in an interview with Der Spiegel.