Munich Re reported spending on claims and costs at its property and casualty unit grew last year on higher payments for natural disasters.

The Russian Railway Company is all set to launch direct traffic from Moscow to Munich in Germany and Amsterdam in the Netherlands, however the fare will be only slightly less compared to those of air tickets.

Copenhagen, the capital of Denmark, comes second in a survey of the world's Top 20 liveable cities by Monocle magazine. Munich comes first.

The historic city of Munich may be a wonderful travel destination for your summer vacation. The third largest city in Germany and the capital of the German Federal State of Bavaria, Munich is recognized as one of Europe's most prestigious cities and one that is liable to eat up your travel budget in an amazingly short time.

Falling out with the orchestra and musical director became the reason for the Munich Philharmonic to fire its general manager. Mayor Christian Ude determined that the relationship between Thielemann and general manager Wouter Hoekstra was "shattered" after being called in to help seek a solution, Ude's office said in a statement.