Germany

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Pilots at Lufthansa Announce Further Strikes This Week

The German pilots union VC has announced further strikes at Lufthansa for Tuesday and Wednesday after fresh talks at the end of a four-day walkout failed to settle their long-running pay dispute, the International New York Times reported on a Reuters ...

Daily Headline - global.abi.org - 11/28/2016 - 22:35 - 0 comments

German Economic Growth Slows More Than Expected In Third Quarter

The German economy grew by 0.2 per cent on the quarter between July and September after it expanded by 0.4 per cent in the three months to June, the Federal Statistics Office said. That was lower than the consensus forecast in a Reuters poll for 0.3 per cent growth. “Growth was slowed down by foreign trade,” the ...

Daily Headline - global.abi.org - 11/15/2016 - 21:35 - 0 comments

It’s Not Just Deutsche Bank; German Banking Gloom

Deutsche Bank AG Chief Executive Officer John Cryan’s troubles range from the company’s mounting legal costs to stricter regulation that’s eroding returns. And there’s at least one challenge he shares with his German rivals: Europe’s most competitive mar ...

Daily Headline - global.abi.org - 11/13/2016 - 19:58 - 0 comments

Germany's Pension-Insolvency Fund Waives Contributions For 2016

time since its inception in 1975 set the contribution rate for companies to 0 per thousand. Because so ... its decision to set the rate at 0 per thousand, down from the 2.4 per thousand (0.24%) the companies ... inception in 1975 set the contribution rate for companies to 0 per thousand. Because so few insolvencies ...

Daily Headline - global.abi.org - 11/10/2016 - 21:16 - 0 comments

German Chemicals Firm BASF Avoided Nearly €1 Billion In Tax, Says Report

German chemicals manufacturer BASF has been accused of avoiding close to €1 billion of tax. In a report published on Monday, the company is alleged to have used aggressive tax-planning strategies in the Netherlands, Belgium, Switzerland and Malta to redu ...

Daily Headline - global.abi.org - 11/07/2016 - 22:21 - 0 comments

Commerzbank Pushed to Loss by Restructuring Costs

Commerzbank AG on Friday said it swung to a net loss in the third quarter after booking hefty provisions for an extensive overhaul, but still expects to make a profit over the full year. Germany’s second-largest lender by market capitalization reported a ...

Daily Headline - global.abi.org - 11/06/2016 - 21:36 - 0 comments

Volkswagen Emissions Scandal Deepens As Prosecutors Probe Chairman

German prosecutors have widened an inquiry into suspected market manipulation by managers at Volkswagen to include the carmaker's supervisory board Chairman Hans Dieter Poetsch, VW said on Sunday. The investigation, which relates to Poetsch's t ...

Daily Headline - global.abi.org - 11/06/2016 - 21:37 - 0 comments

Volkswagen Seeks to Break Impasse Over Restructuring Plans

Volkswagen AG’s efforts to cut costs amid mounting burdens of its emissions-cheating scandal face a new roadblock, as core shareholders and labor representatives meet for an extraordinary shareholders meeting on Friday to try to break an impasse over res ...

Daily Headline - global.abi.org - 11/03/2016 - 20:33 - 0 comments

With a Fine Looming, Deutsche Bank Is Still Issuing Debt

Deutsche Bank has received a cautious vote of creditor confidence. The German lender is issuing expensive debt, the International New York Times DealBook blog reported. That shows it can get access to markets, despite a feared $14 billion American re ...

Daily Headline - global.abi.org - 10/12/2016 - 20:05 - 0 comments

Deutsche Bank Given Special Treatment In Stress Test

Deutsche Bank was given special treatment in the summer stress tests that promised to restore faith in Europe’s banks by assessing all of their finances in the same way, the Irish Times reported. Germany’s biggest lender, whose share price fell as mu ...

Daily Headline - global.abi.org - 10/10/2016 - 20:19 - 0 comments

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