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...second jobs). "It's really fantastic," says Anke Koch, 35, who works in an upscale Berlin restaurant. "I can work part-time and get health benefits for me and my baby. And I've got money in my pocket." Another reform helps the unemployed start businesses. Called "Ich AG" (Me Inc.), the government pays unemployed workers j600 a month to help set them up in business. So far, 43,000 people have started new businesses under the program. Some economists thought things were turning around last year, only to be proved wrong. And skeptics point out that a third...
...drew reporters to a nondescript supermarket in her hometown of Rheinberg, Germany, last month, when she presided over its rechristening as a high-tech "Future Store" designed to showcase and test interactive shopping technology. She was the star that day, but the shop's owner, German retail chain Metro AG, and its 39 partners in the venture - including the likes of Intel and SAP - are more interested in the response of people like Birgit Hüsken. She regularly uses the store's most prominent tool, the Personal Shopping Assistant (PSA) - a cart-mounted computer that advertises sales...
...share price of German pharmaceuticals titan Bayer AG slid 26% last week - at one point touching a 10-year low. The reason: lawyers claimed to produce a "smoking gun" in their lawsuit against the company's American arm over the cholesterol-lowering drug Lipobay (also known as Baycol). Bayer voluntarily withdrew the drug from the market in August 2001, when it was linked to rhabdomyolysis, a muscle-destroying condition that can be fatal. But attorneys last week produced excerpts from correspondence between executives at Bayer and GlaxoSmithKline from 1997, which warned that "simple and safe no longer appears...
...stores - it's considered an intrusion. The company says it is narrowing losses and hitting targets, but analysts say Wal-Mart isn't going anywhere soon. "I don't see any light at the end of the tunnel," says Jürgen Elfers, a retail analyst at Commerzbank AG in Frankfurt. In Germany, Wal-Mart discovered a surprising weakness: it couldn't export one of its biggest advantages - high-volume logistical know-how. There was trouble synchronizing warehouse data systems, and the Americans say they were surprised by the lack of sophistication of German distribution. "It's a very immature...
...asked to tow the ship to a safe place on the Spanish coast, where we could repair it in calm waters," says a Smit spokesman. "But the Spanish authorities refused." The Spanish say they feared damage would be greater if the leaking vessel - chartered by Swiss-based Crown Resources AG, part of the Russian-owned Alfa Group - was brought closer to shore. The breakup and sinking of the Prestige - after its 27-man crew was airlifted to safety - has also renewed debate over single-hulled ships. "With a double hull, when a ship is damaged there is an extra layer...