To tackle acute shortage of skilled workers, Germany has agreed to open its labour market for specialists from non-EU countries, including India, by easing the minimum salary requirement to obtain a residence permit.
The two leaders hurriedly organised a meeting ahead of the G-20 summit on Tuesday amid concern that the euro zone is heading for a long period of uncertainty and if the Greek voters rejected the rescue package, it will have far-reaching consequences for the stability of the euro and the nations using the single currency.
The Pakistani intelligence service had advance information about German President Christian Wulff's visit to Afghanistan two weeks ago and conveyed it to the Taliban, even though the visit was kept a top secret by the authorities until he landed in Kabul, Bild newspaper reported.
German Chancellor Angela Merkel and French President Nicolas Sarkozy could not resolve their differences over further boosting the European Financial Stability Facility, recapitalisation of European banks heavily exposed to sovereign debts and a partial write-down of Greek government's debts at a two-hour emergency meeting in Frankfurt on Wednesday night.
The two leaders said on Sunday evening after a meeting in Berlin that they are fully aware of their responsibilities for stability of the euro and they are determined to do 'everything necessary' to increase the capital structure of the region's banks.
The Euro Zone heads of state and government had agreed at that meeting to expand the group's financial bailout fund from the present level of Euro 440 billion to around Euro 750 billion and to give new powers to the fund to buy sovereign bonds of cash-strapped member nations and to intervene much early to avert a debt crisis.
Resolving the crisis will require a 'very long and step-by-step process' involving budget restructuring, restoring confidence in financial markets, improving competitiveness and other measures, she said on Tuesday after a meeting with Finland Prime Minister Jyrki Katainen in Berlin.
The EU's assistance comes as part of its 'strategic partnership' with India and will be made available by the European Investment Bank to ICICI Bank in the first-ever cooperation between the two financial institutions.
The world watched with great concern how the markets would react to the first downgrade of US' credit rating.
Deutsche Bank made the announcement on Monday evening after a special meeting of the supervisory board ahead of its regular meeting on Tuesday, at which the bank will announce its quarterly results.
The agreement between Merkel and Sarkozy was struck at a surprise meeting in Berlin on Wednesday night during discussions lasting more than six hours in the chancellery.
The world's fourth largest tyre manufacturer Continental has taken over full control of India's Modi Tyres Company in an all-share deal valued at 18.6 million euros.
A summit of the 17-nation euro group was proposed by European Council president Herman van Rompuy in Brussels to prevent larger euro zone economies such as Italy and Spain from being sucked into the crisis by demonstrating their determination to help keep Greece from defaulting on its debts.
The doctorate committee of the university's philosophy faculty, which investigated the allegations against the politician for several weeks, has established that a substantial part of the thesis, which earned Koch-Mehrin her doctorate title in 2000, involved texts lifted from other publications and they were not acknowledged properly
India and Germany will hold their first inter-governmental consultations at the cabinet-level when Chancellor Angela Merkel visits New Delhi on Tuesday on an invitation from Prime Minister Manmohan Singh.
Portugal will have to pay an interest rate of 5.7 per cent on the loan from the EU and the IMF.
German weekly Stern reported that its China correspondent Janis Vougioukas was among a dozen foreign journalists detained by police as they visited the "Peace Cinema" square in Shanghai to watch a protest demonstration. "They were taken to a nearby police station, questioned in an underground bunker for three hours and set free after signing an admission that they intentionally violated the Chinese rules for foreign correspondents," the weekly said.
A shooting incident on a military bus at the Frankfurt airport, in which two American soldiers were killed and two others wounded, may have been a terrorist attack, German security authorities have said.
Egyptian President Hosni Mubarak rejected a German offer of a medical treatment, which media reports said was one of the options being considered for an honourable departure for the Arab leader after more than three decades in power.
For the fifth consecutive night, several hundred stranded passengers slept on camping beds at Germany's largest airport in Frankfurt as the authorities struggled to cope with the tension building up among those still unable to catch a flight.
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