The German economy tipped into recession in the third quarter as weakening exports fueled a decline in national output.

Industrialized countries are facing a major slowdown, the O.E.C.D. predicted, as data showed that Germany had already entered a recession.

Industrialized countries are facing a major slowdown, the O.E.C.D. predicted, as data showed that Germany had already entered a recession.

Industrialized countries are facing a major slowdown, the OECD predicted as data showed that Germany had already entered a recession.

Germany’s most powerful union, IG Metall, reached a modest wage deal with employers in the flagship engineering sector.

The $29 billion package approved on Wednesday is a bid to unlock more than twice that amount in investments and help the world’s biggest exporter weather a worldwide slowdown.

Commerzbank on Monday became the first commercial lender in Germany to accept government cash, while several other European banks reported poor earnings.

The marriage of business interests between Russia and Germany is strengthening even as the global financial crisis deepens.

After getting a financial system bailout in place, the government is working on a tax package that might give a boost to the economy. What makes one follow the other is pure politics.

To tens of thousands of German residents with modest investments, the Lehman collapse hit close to home.