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Munich

German agriculture minister nominated as Bavarian premier

Horst SeehoferMunich - German Agriculture Minister Horst Seehofer won nomination Wednesday to become premier of the southern state of Bavaria, making his election a practical certainty.

The position was up for grabs after Guenther Beckstein announced last week that he would step down after a disastrous election setback for his conservative party, the Christian Social Union
(CSU).

The caucus of CSU state legislators picked Seehofer as their candidate to lead the state's next government, with 88 per cent in favour.

German agriculture minister poised to get nod as Bavarian premier

Berlin, GermanyMunich - German Agriculture Minister Horst Seehofer is poised to become prime minister of the southern state of Bavaria after his two rivals for the post pulled out Tuesday.

The position became is up for grabs after Guenther Beckstein announced last week that he would step down, making him the second casualty of a disastrous election setback for his conservative party, the Christian Social Union (CSU).

German bail-out collapses, Hypo Real Estate says

German bail-out collapses, Hypo Real Estate says Munich - Hypo Real Estate, the German bank caught up in the past two weeks' wave of collapses, said Saturday the government-backed bail-out it was hoping for had collapsed.

The mortgage lender said assurances of loans from several other financial institutions had expired.

Munich-based Hypo Real Estate, which mainly lends to commercial projects and to build public facilities, said it was assessing the impact on its various divisions and was seeking alternatives.

Linde gains 100 per cent ownership of Australia's Elgas

Munich  - German industrial gases concern Linde AG disclosed Thursday that it has acquired the remaining 50 per cent equity of Australian company Elgas in a move boosting Linde's position.

Falzano massacre trial witness: gaps in my memory

Bad ArolsenMunich  - A German witness at one of the last Second World War atrocities trials described Wednesday how he rounded up village men in Italy, but claimed that he had only learned days later they had been massacred.

The former soldier, 83, pleaded "gaps in my memory" during his testimony to the Munich war-crimes trial of his unit's former commander, 90. The lieutenant is accused of 14 murders in the Tuscan village of Falzano in 1944.

New BMW 7-Series with hybrid drive

BMW 7-SeriesMunich - BMW will make its new luxury 7-Series available in a hybrid drive version with a concept vehicle to be unveiled at the Paris Motor Show, the car maker has announced.

First versions of the 7-Series hybrid drive serial-production version will be presented in 2009, said a BMW spokesman.

The Concept 7 Series ActiveHybrid combines a 300 kW/407 hp combustion engine with a 15 kW electric motor that reduces fuel consumption by 15 per cent compared to a standard model, according to the car maker.

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