German politician Thomas Opperman has threatened to fine Facebook up to €500,000 for every fake news on the platform. This came after Mark Zuckerberg announced the company's plans of building a more informed community, providing changes such as a simple way to flag articles that users think could be fake.
Germany could fine Facebook €500,000 for each fake news post.
Volkswagen, its Audi and Porsche luxury brands, BMW, Daimler, and Ford’s European division have joined forces to build more electric car charging sites across Europe. The joint venture wants to create 400 charging sites next year in order to boost the demand on electric vehicles.
Swiss banks are lending hands for Germany And Austria in the bitcoin industry.
On Tuesday, the Republic of Germany has extended its helping hand to Malawi and gave 45 million Euros for the development in the country’s primary sectors including health, education and social protection.
According to the statement of its Senior Officials on Monday, the German government has already arrived at a tentative agreement on a Climate Action Plan including targets for all economic sectors aiming to decrease C02 discharge by at least 55 percent by 2030 compared to 1990.
After some not so good effects on the other EU countries, Germany is now as it suffers its pharma and transport sectors.
Sigmar Gabriel, the economy minister of Germany urged the government to put up more investments. He stressed out that there should be more schools to be put up, infrastructures such as road as well as in education. In his speech he asked to push more welfare handouts of the solid public finances.
Nokia's Alcatel-Lucent Acquisition Prompts Worlwide Job Cuts
Britain's exit from the European Union will have a negative impact on the economy of the country, according to officials. The UK prime minister pledges to negotiate a better agreement for the nation in the union.
McDonald's is about to launch its experimental outlet in Seoul, South Korea, with draft beer. The fast-food giant has taken its first steps to introduce the concept of beer with hamburgers in Asia, having added this beverage long time back in its German, French, and Spanish outlets. If the Asian people embrace this concept, McDonald's is ready to open up two more similar outlets in Gangnam and Sinchon.
Reports show that 73 percent women were joining the workforce in 2014, compared to 63 percent in 2005. The rise has also pulled the overall employment rates up for Germany at 78 percent. German's employment rate is growing faster than any other EU country, although the record remains to be held by Sweden.
Under a supposed repatriation program, Germany is bringing back its gold reserves from the vaults of Paris and New York. Germany had stored all its bullion overseas fearing a Soviet Union attack during the Cold War. Till date, the Deutsche Bundesbank has managed to get around 366 tons to Frankfurt, which is almost half of the total reserve of 674 tons that it plans to repatriate by 2020.
New Mexico has become the first US state to sue the German automaker, Volkswagen, for breaching the Clean Air Act with huge levels of emissions as well as for trade malpractices. The allegation is the company sold as many as 4000-10000 faulty models whose nitrogen-oxide emissions exceeded the limits by 40%, which could cost VW almost $20 billion in fines.
BMW becomes the first car to integrate a unique free feature into its vehicles, the IFTTT (If This Then That) services. This feature provides its customers with a host of personalized services through a newly built platform called BMW Labs. The customers are now able to automatically open garage doors while pulling into the driveway. They can send auto-alerts to spouse upon picking up kids from school, and even get the exact location of the parking spot in a Google Maps link.