Tag: Germany

• Monday, July 8th 2019 - 08:39 UTC

  Deutsche Bank plans to cut one in five jobs, some 18.000 employees

  

  Deutsche Bank plans to cut 18,000 jobs in a sweeping, €7.4 billion overhaul designed to turn around Germany's struggling flagship lender The plan represents a major retreat from trading by Deutsche Bank, which for years had tried to compete as a major force on Wall Street.

• Wednesday, July 3rd 2019 - 16:11 UTC

  Germany and a woman take the European Commission presidency

  

  Ursula von der Leyen's name is unlikely to have cropped up in early conversations as European leaders wrangled over the best candidate to replace Commission President Jean-Claude Juncker. But after proposed compromise deals collapsed, Germany's defiance minister and close ally of Angela Merkel has emerged from the shadows as their nominee for the top job.

• Tuesday, July 2nd 2019 - 09:03 UTC

  Venezuela allows the return of expelled German ambassador

  

  The Venezuelan foreign ministry said on Monday it had agreed to the return of the German ambassador whom President Nicolas Maduro's government expelled in March after he had gone to Caracas airport to greet opposition leader Juan Guaido.

• Thursday, June 27th 2019 - 08:50 UTC

  Angela Merkel, despite Bayer anticipates the end of weed-killer glyphosate

  

  The use of Bayer's contested weed-killer glyphosate, the subject of more than 10,000 lawsuits in the US over claims it causes cancer, will eventually die out, German Chancellor Angela Merkel told the country's lower house on Wednesday.

• Saturday, June 22nd 2019 - 11:32 UTC

  Battleship Graf Spee Nazi eagle must be sold, orders Uruguayan court

  

  Uruguay's government must sell a huge, bronze Nazi eagle, and gun ranging telemeter, salvaged from a sunken World War II era Nazi Germany warship, a court ruled on Friday. The nearly 350 kilo eagle with a swastika held in its claws was part of the stern of the German “pocket battleship” Admiral Graf Spee that was sunk off the coast of Montevideo in December 1939, that is almost eighty years ago.

• Monday, June 10th 2019 - 08:22 UTC

  Germany willing to renegotiate Brexit deal, reports foreign secretary Jeremy Hunt

  

  
British Foreign Secretary Jeremy Hunt, a contender to replace Theresa May as prime minister, said on Sunday that German Chancellor Angela Merkel had indicated the EU would be willing to renegotiate the Brexit divorce deal.

• Monday, June 3rd 2019 - 08:33 UTC

  German coalition continues, despite electoral results, says Angela Merkel

  

  German Chancellor Angela Merkel says her coalition government will continue despite the surprise resignation of the leader of its junior partner, the Social Democratic Party (SPD).

• Friday, May 31st 2019 - 09:30 UTC

  Merkel at Harvard deplores attacks on climate change, free trade, condemns walls and lies

  

  German Chancellor Angela Merkel on Thursday urged the world to do “everything humanly possible” to combat climate change and pledged to do her part. “Climate change poses a threat to our planet's natural resources,” Merkel said in her commencement address delivered at Harvard University in the United States. “It and the resulting crises are caused by humans.”

• Friday, May 31st 2019 - 09:25 UTC

  US Treasury monitoring list of countries with large trade surplus and possible currency manipulation

  

  The US Treasury expanded the number of countries subject to scrutiny in a semi-annual report released this week, but again found that neither China nor any other trading partners was manipulating its currency. The treasury urged the Asian giant to avoid allowing the renminbi to weaken persistently - which would give its products a more competitive advantage.

• Thursday, May 30th 2019 - 09:15 UTC

  European football market valued at €28.4bn; English Premier League leads, £4.8bn

  

  The big five European leagues generated a record €15.6bn (£13.8bn) in revenue in 2017-18, a 6% annual increase, according to new figures from Deloitte. It says the European football market is now worth some €28.4bn (£25.1bn). The English Premier League was the market leader, with record revenues of £4.8bn, as five teams competed in the Champions League for the first time.