Germany takes its beer seriously, so much so that the country wants its brewing regulations recognized by UNESCO. In a bid to honor the nearly 500-year old beer purity law and polish their product’s image, the German Brewers Federation has applied to have the law included in the United Nations’ intangible cultural heritage list. If…
German Sports-Gear Maker’s Sales, Profit Fell in Third Quarter Germany’s Adidas AG ADDYY 1.19% said Thursday it posted lower sales and earnings in the third quarter, losing traction against its main competitor, Nike Inc. NKE 0.62% The world’s second-largest sporting-gear and equipment maker said results were down because of the strong euro, among…
FRANKFURT— Deutsche Lufthansa AG DLAKY -4.89% faced new turmoil as a strike stranded thousands of passengers in Germany and much of Europe, while local media reported that a senior executive responsible for a restructuring plan at the airline is stepping down. Lufthansa, Europe’s biggest airline by passengers, said it canceled nearly 690 flights Thursday as…
In addition to being the world’s largest chemical company by sales, Germany’s BASF will become the leading producer of concentrated omega-3 fatty acids once it’s gulped down Pronova BioPharma. By expanding into the market for omega-3 fatty acids used in health care, BASF is following its strategy of reducing its dependence on classical chemicals. BASF…
FRANKFURT—Adidas AG ADS.XE +0.19% has so far had a strong year as sponsorships of teams and individuals at big sporting events helped drive up sales and profit, but the world’s second-biggest maker of sporting goods behind Nike Inc. NKE +0.49% Thursday cut its sales forecast for 2012 because of further problems at Reebok. The German company acquired…
A yodelling diploma won’t solve the European debt crisis, but humor can go a long way to get people through bad times—at least that’s what German social media users seemed to feel this week. Twitter and Facebook spheres have been buzzing with tributes for the country’s most beloved humorist Loriot, who died Monday aged 87,…