A Siemens worker in Germany works on a turbine. Leading economic think tanks have slashed this year’s annual growth forecast for Germany by half, as uncertainty in the eurozone continues. On Thursday, the Munich-based Ifo together with Berlin-based DIW, Halle-based IW, and Essen-based RWI economic research institutes estimated that Germany’s gross domestic product (GDP) would grow by 0.4... 

A Siemens employee works on a rotor of a gas turbine in a plant in Berlin The German powerhouse in electronics and electrical engineering, Siemens AG, is planning to axe 15,000 jobs over the next year as the economic crisis in Europe continues to worsen. “The ongoing and planned workforce adjustments in the context of Siemens 2014 are about 15,000 positions worldwide, of which about 5,000 are in...