Promoting Germans in Silicon Valley
Talk about business angels... German's economics ministry has a special programme to support
companies get a foothold in Silicon Valley. Makes perfect sense though; if a German entrepreneur makes it big in the IT business across the Atlantic, it will probably tanslate into jobs and tax income back home.
Colgate Palmolive Cuts Costs in Germany
German toothpaste brands Aronal and Elmex are recommended by dentists over other mass market competitors. That's why US consumer products giant Colgate Palmolive acquired the small German company years ago. But in a global economy, why pay high taxes and salaries in Germany when you can easily ship the jobs elsewhere?
France's Economy Sputters
A leadership of the European Union shared by France and Germany has been a cornerstone of the region's success for decades. But now France is firmly entrenched in a recession, and its ability to lead is crippled by rising unemployment and a ballooning deficit. Many EU leaders are calling for structural reforms.