Munich - Hard-hit by the global financial crisis, German state-owned bank Bayerische Landesbank is planning to axe about every fourth job as it launches a new restructuring drive, banking industry sources told Deutsche Presse-Agentur dpa on Monday.
The 5,600 job cuts in its workforce of 19,000 are to fall both in the Munich-based BayernLB's domestic and international operations.
The ailing bank said in October that was tapping the Federal Government's special 500-billion-euro (645-billion-dollar) bank rescue package to help it limp through the financial crisis. The bank is half-owned by the Bavarian state government.
Stuttgart - German Chancellor Angela Merkel called Monday for investment in Germany's infrastructure, including the internet and highways, as a means to beat the financial crisis, but rejected immediate tax cuts.
She appealed for unity in her party, the Christian Democratic Union (CDU), ahead of a general election in September.
She was addressing a two-day party conference in Stuttgart amid deep divisions over how Germany should come to grips with the worst financial upheaval in decades.
Berlin, Dec 1 : German/American model Heidi Klum has sued party promoter Heinz F. from Chemnitz (Germany), 143,000 euros after he used her face for a party flyer without her permission.
Klum, 35, sued 44-year-old Heinz F.''s company after she saw the printed picture of woman, who reportedly looks like her, on the flyer advertising a dance night at a club and on a website.
The model’s father, who is also her manager, sent Heinz F. a preliminary injunction and a bill and he is now facing a hearing at the district court in Chemnitz.
Hamburg - Even though modern mobile phones can take good photos, they are no match for a good digital camera, according to a test by Germany's Computer Bild magazine.
The test compared six mobile phone cameras ranging in price from 170 to 500 euros (229 dollars to 675 dollars) and Sony's DSC-H3 camera, which costs just under 280 euros.
The best camera scored a good grade of 2.3. Nonetheless, the best mobile phone, the Nokia 6220 Classic, scored a satisfactory grade of 3.4.