Germany followed Spain and Belgium in reporting slower inflation, offering ammunition to those who want the European Central Bank to ease the pace of interest-rate increases, Bloomberg News reported. Consumer prices in Europe’s largest economy rose 11.3% from a year earlier in November, down from October’s 11.6% jump, the statistics office said Tuesday, citing factors including energy costs for the deceleration. Analysts surveyed by Bloomberg had expected an advance of 11.3%.

Adler Group SA shares jumped as much as 64% after the landlord agreed an expensive deal with creditors to extend debt maturities and postpone publication of audited accounts, Bloomberg News reported. Despite Monday’s record gain, the company’s shares have still lost almost three quarters of their value this year after a damning short report published by Viceroy Research in October 2021 accused the company of being run for the benefit of tycoon Cevdet Caner.

German car supplier Ruester GmbH said that it has filed for restructuring in self-administration, a special form of insolvency proceedings that give the owners bigger say, citing liquidity problems partly caused by higher energy costs, Reuters reported. As part of the proceedings, Ruester, which makes annual sales of around 120 million euros ($125 million) and made two acquisitions in 2022, will look for a buyer as a way to keep the company afloat, it said.

Korean consumers were misled by some of the nation’s biggest financial firms and should get back the money they lost when a German property fund collapsed, South Korea’s financial watchdog recommended Tuesday, Bloomberg News reported. The six firms -- Shinhan Securities Co., NH Investment & Securities Co., Hana Bank, Woori Bank, Hyundai Motor Securities Co. and SK Securities Co. -- should repay the 430 billion won ($317 million) clients lost, a panel at Financial Supervisory Service said.

Germany's foreign ministry plans to tighten the rules for companies deeply exposed to China, making them disclose more information and possibly conduct stress tests for geopolitical risks, a confidential draft document seen by Reuters said. The proposed measures are part of a new business strategy towards China being drawn up by Chancellor Olaf Scholz's government as it seeks to reduce its dependency on Asia's economic superpower.

German authorities are stepping up preparations for emergency cash deliveries in case of a blackout to keep the economy running, four people involved said, as the nation braces for possible power cuts arising from the war in Ukraine, Reuters reported. The plans include the Bundesbank, Germany's central bank, hoarding extra billions to cope with a surge in demand, and possible limits on withdrawals, one of the people said.

Germany will nationalise gas importer Sefe, formerly known as Gazprom Germania, the economy ministry said on Monday, in a move to protect it from bankruptcy and force Russia out of the company, Reuters reported. Sefe was dropped by Russia's Gazprom earlier this year and put under German state trusteeship. It has since received close to 10 billion euros ($10.31 billion) in state-backed credit lines.

German industry has called for a delay to a global minimum corporate tax by at least a year to 2025 to give companies more time to prepare given the current crisis, according to a position paper published by industry association BDI on Monday, Reuters reported. "The ambitious timetable of applying the minimum tax as early as 2024 is not realistic against the background of the enormous complexity of the associated new regulations," BDI said.

German finance watchdog BaFin has told Deutsche Bank to take specific measures to improve efforts to prevent money laundering and terrorism financing or face fines, the latest rebuke in regulatory proceedings against the bank that started in 2018, Reuters reported. BaFin said in a brief statement on its website late on Friday it had ordered the bank on Sept. 28 to take specific measures or else face fines, part of regulatory requirements that were imposed on the bank from September 2018. The regulator declined to give further details.

The signs were already there. In January this year, Galeria Karstadt Kaufhof, one of Europe’s largest and oldest department store chains, asked for and received 220 million euros of government financial aid. That was in addition to the 460 million euro loan the business had already received from the German government, due to difficulties during the COVID-19 pandemic, WWD.com reported. In early October this year, the chain’s management said it was terminating a previously agreed deal it had made with union representatives. Difficult times called for radical restructuring, they said.