Cardinal Joseph Ratzinger, a respected theologian and one of John Paul II's most trusted advisors, was appointed the Catholic Church's 265th pope. Benedict XVI, as he is now called, represents for many in the Church an attempt to restore conservative values and traditions. For others, especially those critical of the Church's standing on issues such as AIDS, women and gay marriage, the new pope reflects a turning-away from the needs and interests of a modern society.
DW-WORLD takes a look at the new pope's background, the first to come from Germany in 500 years, his rise through the Catholic Church, the issues he stands for and the criticism surrounding him.
Germany's largest bank has surprised the banking world with a new chief executive who is British rather than German. John Cryan, 54, is a former CFO of Swiss bank UBS with a reputation for ruthless efficiency.
The owner of toy firm Geobra-Brandstätter Foundation has passed away at the age of 81. He is best known for introducing the iconic Playmobil plastic toy range in the 1970s.
Deutsche Bank shares outperformed weaker European stock markets on Monday in a sign that investors welcome the leadership change at Germany's biggest lender. The bank's co-CEOs Jain and Fitschen resigned on Sunday.
Making it rich with music isn't as easy as it used to be. But there are a lot of creative ways to get heard and release music without the aid of a record label, including - of course - via the internet.