German Exports up 14 % - Shipping Merger: China's Cosco set to take over OOIL
In yet another consolidation in the shipping industry, Chinese giant Cosco has made a bid for rival Orient Overseas which would make it one of the world's largest container liners in a business dominated by Europeans.
China's President Xi Jinping was greeted with full military honors when he arrived in Berlin. Talks with Chancellor Angela Merkel focused on cooperation ahead of a visit to the zoo to welcome two pandas sent from China.
Germany's Lufthansa Group looks set to expand, even as some rival airlines cut back or fall into bankruptcy. It has set its sights on becoming a leading global player. But air travel markets remain fiercely competitive.
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