1.
Drones over U.S. may pose security risks
BERLIN, Feb. 9 (UPI) -- Germany named a new head of its Economic Ministry Monday after Michael Glos abruptly resigned eight months before a general election.
Glos has been at odds with German Chancellor Angela Merkel, pushing for tax cuts to jump start the German economy, although Merkel has repeatedly rejected that option. Glos has also been reluctant to push for an economic stimulus package, Deutsche Welle reported Monday.
He said Sunday night he would resign.
Karl-Theodor zu Guttenberg will take his place Tuesday, the newspaper said. At the age of 37, Guttenberg would be the youngest German economics minister since in the postwar era.
The new minister will be charged with steering Europe's largest economy back to higher ground. The German economy fell into a recession at the end of 2008.
Guttenberg was elected a member of German parliament in 2002. He is the general-secretary of the Christian Socialist Union, which is related to Merkel's Christian Democratic Union.
German President Horst Koehler, formerly the head of the International Monetary Fund, said he would endorse Guttenberg's nomination Tuesday, the newspaper said.
| Additional Business News Stories | |
TEGUCIGALPA, Honduras, Feb. 9 (UPI) --
Honduras is inching back toward economic recovery and sees more international tourism as a way out of the crisis triggered by its June 2010 coup.
|
HILLSBORO, Ore., Feb. 9 (UPI) --
Solar panels generating a total of 1.3 megawatts of power are installed at a U.S. Navy facility and ready to begin their first full year of operation.
|
With rental vacancy rates at their lowest levels in 10 years, a review of TransUnion's proprietary rental screening database found that rental prices remained about the same between the fourth quarters of 2010 and 2011....
|
Government officials are on the verge of an agreement worth as much as $26 billion with five major banks, capping a yearlong push to settle federal and state probes of alleged foreclosure abuses by lenders.
|
| Stories | Photos | People | Comments |
View Caption
