Switzerland tops competitiveness rankings
Every year the World Economic Forum issues a ranking of global competitiveness. The report ranks 144 countries on 12 pillars of competitiveness, such as education, institutions and infrastructure. This year Germany came in fifth, and the United States jumped ahead to claim third. The number one ranking went to Switzerland.
Court bans Uber ridesharing in Germany
Uber has hit a major roadblock in Germany. The carsharing company has been banned from picking up passengers by a court in Frankfurt. It says that Uber lacks the necessary legal permits to operate under German law. Taxi drivers have long complained that Uber presents unfair competition. Uber risks fines of 250 thousand euros per trip if it ignores the ban.
Brazil invests in Germany
This week business leaders from Germany and Brazil are meeting in Hamburg to try to see how they might beef up their cooperation. Today there are roughly 1,600 German companies operating in Brazil, but only 60 Brazilian companies active in Germany. DW takes a look at one Brazilian company that two years ago invested in a medium sized German company in the the country's south.