Financial Times Deutschland, the unprofitable pink newspaper that was spun off from the U.K. title, was shuttered today, the latest victim of contracting circulation and advertising revenues as readers go online.
Bertelsmann AG’s Gruner + Jahr AG & Co KG unit decided to shut down its Financial Times Deutschland newspaper after the business publication failed to generate a profit since it was started 12 years ago.
OAO Gazprom bought Envacom Service GmbH, a German electricity and telecommunications provider, to enter the country’s consumer market, Frankfurter Rundschau reported yesterday, citing the head of the German company.
German politicians’ derogatory and conflicting comments about other euro member states have created an impression of arrogance and sullied Germany’s image abroad, Foreign Minister Guido Westerwelle said.
Germany’s Bundesbank stepped up its criticism of the European Central Bank’s plan to embark on potentially “unlimited” government bond purchases, widening a rift over how to tackle the sovereign debt crisis.