Germany’s biggest landlords agree $22 bln merger
Germany’s two biggest listed landlords Vonovia SE (VNAn.DE) and Deutsche Wohnen have agreed to join forces in a 18 billion-euro ($22 billion) deal that risks stoking tensions over affordable housing in the run-up to general elections in September.
Germany’s 2021 election and why it matters to markets
It’s rare for German elections to be exciting, market-moving events but the one on Sept. 26 may prove the exception if its outcome completes the transformation of a nation long wedded to austerity into a big spender. The election will end Angela Merkel’s 16-year stint at the helm of Europe’s biggest economy, and the Greens […]
School closures did not contribute to the spread of the coronavirus in Germany
Deciding whether to close schools to contain the spread of Covid-19 requires balancing the harm such closures inflict on families against their effectiveness in stopping the spread of disease.
EXCLUSIVE China urges U.N. states not to attend Xinjiang event next week
China has urged United Nations member states not to attend an event planned next week by Germany, the United States and Britain on the repression of Uyghur Muslims and other minorities in Xinjiang, according to a note seen by Reuters on Friday. “It is a politically-motivated event,” China’s U.N. mission wrote in the note, dated […]
‘It’s my home’: the island activist who forced German climate action
If the North Sea island of Pellworm vanishes beneath the waves it will take with it the 300-year-old family farm of Sophie Backsen, 22, who last week won a court judgment forcing Germany to take swifter action to combat climate change. Backsen was one of a group of plaintiffs who challenged Germany’s 2019 climate law, […]
Germany to start returning Benin Bronzes from 2022
Germany aims to start returning Benin Bronzes to Nigeria next year, its foreign and culture ministries said, part of a growing trend to return cultural artefacts seized during the colonial era to their places of origin. Britain’s soldiers seized thousands of metal castings and sculptures in 1897 during a raid on the Kingdom of Benin, […]
German output shrinks in Q1 as lockdown dampens consumption
The German economy contracted by a greater than expected 1.7% in the first quarter as a lockdown in place since November to contain the coronavirus stifled private consumption in Europe’s largest economy, data showed on Friday. “The coronavirus crisis caused another decline in economic performance at the beginning of 2021,” the Federal Statistics Office said. […]
Porsche plans EV battery cells factory in southern Germany
Volkswagen’s (VOWG_p.DE) luxury sports car unit Porsche AG is speeding up its e-mobility drive with plans for a German factory to manufacture battery cells for electric vehicles, its chief executive officer told Frankfurter Allgemeine Sonntagszeitung.
Credit Suisse in firing line after Archegos losses
ZURICH/NEW YORK (Reuters) – Pressure was mounting on Credit Suisse on Tuesday over losses linked to the downfall of Archegos Capital, with analysts warning its dividend and share buyback plans may need to go on hold and investors advised to vote against management pay.
