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As Ardern & Morrison meet, Germany set to follow UK in clearing Huawei

There has been yet another Huawei complication ahead of Jacinda Ardern and Scott Morrison's meeting in Auckland today - where topics are expected to include the Chinese telco giant's participation, or otherwise, in 5G mobile network... [Author: [email protected]]
Tags: Business, UK, Germany, Scott Morrison, Huawei, Auckland, Morrison, Jacinda Ardern

Germany makes it easier to fire top earners to lure banks after Brexit

Germany's lower house of parliament on Thursday approved changes to labour laws making it easier for employers to fire high-income workers, a measure designed to encourage London-based financial institutions to move to Frankfurt after Brexit.
Tags: London, Money, Germany, Frankfurt, businessNews, Brexit

BAE Systems shares fall over Germany's ban on arms exports to Saudis

Embargo threatens UK’s pending £10bn deal to sell 48 Typhoon jets to Saudi ArabiaDefence company BAE Systems’ share price fell sharply on Thursday after it warned that a German ban on arms exports to Saudi Arabia, imposed after the killing of journalist Jamal Khashoggi, could have a “consequential impact” on sales of Typhoon fighter jets.Alongside its annual results on Thursday, BAE Systems stressed that its business is “reliant on the approval of export licences by a number of governments in or...
Tags: Europe, Business, Politics, UK, Saudi Arabia, Germany, UK News, World news, Middle East and North Africa, Defence policy, Ministry Of Defence, BAE, Arms trade, Bae Systems, Gulf, Jamal Khashoggi

Equistone takes majority stake in RENA

Equistone Partners Europe has acquired a majority stake in RENA from Capvis AG. No financial terms were disclosed. Based in Germany, Rena is a maker of machinery for wet-chemical surface treatments. PRESS RELEASE Munich/Gütenbach, 21 February 2019 – Funds advised by Equistone Partners Europe (“Equistone”), one of Europe’s leading mid-market private equity firms, have acquired a majority interest in the RENA group (“RENA” or “the company”) from funds advised by Capvis AG. The company, which is ba...
Tags: Asia, Europe, China, Germany, Singapore, Trends, Poland, North America, Equistone, Rena, PE Deals, Equistone Partners Europe, Black Forest Germany, Tanja Berg, Industrial/Manufacturing, Capvis AG

Trump's rejection of 'socialism' makes America weak in the fight for 5G against China's Huawei

President Donald Trump on Thursday essentially called for the US to create its own version of China's Huawei, but already shot himself in the foot by rejecting a plan to do just that. An Air Force brigadier general on the National Security Council suggested the US nationalize its 5G network, warning that China could "weaponize" the network in terrifying ways.  But the White House rejected the plan and dismissed the general from the NSC. Trump appeared to demand the US somehow beat Huawei at it...
Tags: UK, White House, China, Germany, US, America, Trends, Cisco, Bloomberg, United States, Telecom, Pentagon, National Security Council, Air Force, Donald Trump, Huawei

Germany convicts ex-weapons workers for Mexico gun sales

A German court has convicted two former employees of gun maker Heckler & Koch over their role in delivering weapons that ended up in troubled areas of Mexico.
Tags: Mexico, Finance, Germany, Berlin, Article, Associated Press, Heckler Koch, FBN, Fbn/markets, Fox-business/markets, Fox-business/industries/industrials, Fox-business/features, 19258e83-53e4-5204-923b-8de5bfcadbd3

Facebook is starting to pay for some of its missteps and Wall Street is getting nervous

Facebook accepts regulation is coming, with Mark Zuckerberg admitting this week that a "societal guardrail framework" will give users confidence. But in recent weeks, it has had sharp reminders that some lawmakers are agitating for change that it might not like — and Wall Street is starting to take note. In notes this week, analysts reflected on how regulation could change Facebook's business model and apply downward pressure to its share price. Facebook is spending a lot of money on talking t...
Tags: Apple, Google, Facebook, Mark Zuckerberg, UK, Germany, US, Trends, Eu, Bbc, Britain, Nick Clegg, Xiaomi, Silicon Valley, Zuckerberg, Robinson Humphrey

French steel pipe maker Vallourec launches new savings plan

France's Vallourec on Wednesday it would cut about 18 percent of its staff in Germany by 2020 and announced other savings measures, after reporting a sharp rise in full-year earnings.
Tags: Money, France, Germany, businessNews, Vallourec

Germany seizes millions in Russian money laundering probe

BERLIN (AP) — German authorities say they’ve seized properties worth 40 million euros ($45 million) and millions more in cash in an investigation linked to a big Russian money laundering scheme. Federal investigators and Munich prosecutors said in a statement Wednesday the seizures of properties in central and southern Germany came after three years of […]
Tags: Business, News, Germany, Berlin, Ap, Munich

Germany, France close to deal on new euro zone budget

Germany and France have broadly agreed a detailed proposal for a new euro zone budget and will present their final joint position in the coming days, German Finance Minister Olaf Scholz said on Wednesday.
Tags: Money, France, Germany, businessNews, Germany France, Olaf Scholz

Slack demand, car woes cause Germany's industry share to slip

Slackening international demand for German goods and its car industry's difficulties meeting new emissions standards have led to the share of manufacturing in Germany's economic value creation falling in 2018 for the first time since 2013.
Tags: Money, Germany, businessNews

Hannah Arendt on why some people are immune to fact-checking

People who don't believe facts or news that disagree with their worldviews can be impossible to deal with, and boy there are a lot of them lately. Hannah Arendt tells us this isn't all new; it happened before around 1936.It isn't easy to convince a person who has given up on facts that they really should face reality again, but it can be done. A strange phenomenon has infected global politics. Fact-checking, once seen as a dull but effective way to figure out what is true and what is false, is...
Tags: Facebook, Politics, News, Government, Germany, Nazis, Russia, History, Ben Franklin, Innovation, Philosophy, Jim Gaffigan, Soviet Union, KGB, Hannah Arendt, Richard Bernstein

Bertelsmann's relaunched call-centre business plans global expansion

Germany's Bertelsmann relaunched its customer services business, which provides call centres for companies and also monitors extremist content for Facebook, on Tuesday and said it is investing in global expansion as automation upends the industry.
Tags: Facebook, Money, Germany, businessNews, Bertelsmann

German halt in Saudi arms sales hurting UK industry - Hunt

Britain has urged Germany to exempt big defence projects from its efforts to halt arms sales to Saudi Arabia or face damage to its commercial credibility, the German magazine Der Spiegel reported on Tuesday.
Tags: UK, Money, Saudi Arabia, Germany, businessNews, Britain, Hunt, Der Spiegel

Germany, with bumper current account surplus, frets about car tariffs

Germany recorded the world's largest current account surplus for the third year running in 2018 due to strong exports that are vexing U.S. President Donald Trump and raising the risk of U.S. tariffs on German cars.
Tags: Money, Germany, businessNews, Donald Trump

Germany, France agree industrial policy plan for Europe

France and Germany on Tuesday agreed a joint plan for industrial policy in Europe, aiming to support local companies to compete with foreign rivals and better protect key technologies from overseas takeovers.
Tags: Europe, Money, France, Germany, businessNews, Germany France

France, Germany propose shake-up of EU competition rules

France and Germany have put forward plans for reforming EU competition rules to encourage the emergence of European industrial giants, French finance Miniser Bruno Le Maire said on Tuesday.
Tags: Money, France, Germany, Eu, businessNews, France Germany, Bruno Le Maire

Germany, France agree on joint manifesto for industrial policy in Europe

France and Germany agreed on a joint manifesto for a new industrial policy in Europe that aims to support local companies to compete with rivals from abroad, German Economy Minister Peter Altmaier said on Tuesday.
Tags: Europe, Money, France, Germany, businessNews, Germany France, Peter Altmaier

Survey shows no rebound for slowing Germany economy

An index of investor confidence in Germany has improved slightly but remains well below its long-term average amid ongoing signs of weakness in Europe's largest economy.
Tags: Europe, Finance, Germany, Article, Frankfurt, Associated Press, FBN, Fbn/markets, Fox-business/markets, Fox-business/economic-indicators, Fox-business/features, 7d5a8900-d885-5a09-b777-01380bd2c7b7

Survey points to no rebound for slowing Germany economy

FRANKFURT, Germany (AP) — An index of investor confidence in Germany shows little expectation of a pickup in growth, a downbeat sign for Europe’s largest economy and the wider 19-country eurozone. The ZEW institute’s indicator rose a mere 1.6 points in February over January to minus 13.4 points and remains well below its long-term average […]
Tags: Europe, Business, News, Germany, Frankfurt, Nation, Germany AP, ZEW

Germany's Merkel suggests rethink of EU competition policy

German Chancellor Angela Merkel says Europe may need to rethink its competition rules if it wants to create companies that can play a significant role on the global stage.
Tags: Europe, Finance, Germany, Angela Merkel, Berlin, Eu, Article, Merkel, Associated Press, FBN, Fbn/markets, Fox-business/markets, Fox-business/politics, Fox-business/features, 03162d3d-6ea3-5cbf-bb00-0c5aa9072f94

Germany sees 'most difficult part' in EU-U.S. trade talks ahead

The most difficult part in trade negotiations between Europe and the United States is starting now and talks should focus on reducing tariffs on industrial goods to increase the chances of a deal, German Economy Minister Peter Altmaier said on Tuesday.
Tags: Europe, Money, Germany, Eu, businessNews, United States, Peter Altmaier

Germany consults industry about blockchain potential

Germany has opened a consultation process on how to tap into the potential of blockchain technology ahead of presenting a strategy by the summer, government sources said on Monday.
Tags: Money, Germany, businessNews

Germany bans Wirecard 'shorting' as prosecutors probe FT journalist

Germany's financial watchdog has banned "short" selling of Wirecard shares due to volatility in the payments firm's stock following reports in the Financial Times which are now the subject of an investigation by German authorities.
Tags: Money, Germany, businessNews, Financial Times, Wirecard

Russia's RT attacks Facebook for suspending 4 viral news channels that broadcast Kremlin talking points to millennials

Facebook on Friday suspended four viral news channels that broadcast videos that were critical of US policy or exploited tensions, CNN reported. Those channels are operated by Maffick Media, which is majority-funded by Ruptly, a subsidiary of Russia's state-funded RT broadcaster. Facebook doesn't require pages to disclose who funds them — but the tech giant said it suspended those channels anyway so viewers wouldn't "be misled about who's behind them." RT's editor-in-chief attacked Facebook's ...
Tags: Facebook, Hollywood, Youtube, Germany, Russia, Berlin, US, Trends, Cnn, Nato, State Department, Kremlin, RT, Ruptly, Rania Khalek, Margarita Simonyan

Germany's Bafin bans Wirecard 'short' positions over volatility

Germany's financial watchdog has banned "short" selling of Wirecard shares after reports in the Financial Times sparked recent volatility in the payments firm's stock.
Tags: Money, Germany, businessNews, Financial Times, Bafin, Wirecard

German market watchdog bans short-selling of Wirecard shares

BERLIN (AP) — Germany’s financial market regulator has issued a two-month ban on short-selling shares in Wirecard AG, whose stock has swung sharply in recent months. The regulator said Monday that short-selling in Wirecard’s stock could cause uncertainty over its share price, with potential knock-on effects for the wider market. In short-selling, traders sell shares […]
Tags: Business, News, Germany, Berlin, Ap, Wirecard, Wirecard AG

GoCardless raises $75M Series E for its recurring payments network and heads to America

Compared to startups born into the frothy London fintech space as it exists today, 2011-founded GoCardless could well be considered a slow burner. However, in more recent years, the nearly 300 person company — headed up by co-founder and CEO Hiroki Takeuchi — has undoubtedly stepped on the gas in a bid to become the one stop shop globally for businesses that want to let customers pay via recurring bank payments. A little over a year ago, GoCardless announced that it had raised $22.5 million in f...
Tags: Fundings & Exits, Startups, TC, Europe, London, Germany, America, Tech, North America, Gocardless, Takeuchi, Hiroki Takeuchi, EMEA APAC, France Australia, Adams Street Partners Google Ventures, Salesforce Ventures Previous

Former coal-fired power plant is demolished in Germany

BERLIN (AP) — A long-shut coal-fired power plant in western Germany has been demolished with the help of more than 200 kilograms (440 pounds) of explosives. The former Knepper power station on the outskirts of Dortmund was brought down in two explosions on Sunday. The first destroyed the main body of the plant and the […]
Tags: Business, Technology, News, Germany, Berlin, Ap, Nation, Dortmund, Knepper

European efforts for trade with Iran fall short - Zarif

Iran's foreign minister said on Sunday that a European mechanism to trade with Tehran fell short and that France, Britain and Germany needed to do more to show their commitment to the 2015 nuclear deal with Iran.
Tags: Money, Germany, Iran, businessNews, Tehran, Zarif, France Britain

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