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Deutsche Bank and Commerzbank merger threatens 30,000 jobs

Unions’ warning over merger is the latest drama to hit 150 year old lender DeutscheDeutsche Bank’s prospective merger with smaller rival Commerzbank threatens to unsettle the German banking industry and puts 30,000 jobs at risk.But the deal is just the latest drama to hit the 150 year old lender Deutsche Bank after a string of losses, an executive boardroom battle and billions of dollars in fines. Continue reading...
Tags: Europe, Business, Germany, World news, Banking, Financial Sector, European banks, Deutsche Bank, Commerzbank, DeutscheDeutsche Bank


Germany Risks U.S. Backlash If It Hires Chinese Company Huawei For 5G Tech

Germany wants to speed up its mobile data service with 5G technology, which Chinese telecom Huawei is bidding to provide. But if Berlin lets Huawei compete, it faces the Trump administration's wrath.
Tags: News, Germany, Berlin, Huawei, Trump


Drunken gentleman on a high-speed train threatens the engineer with a fire extinguisher for speeding

A sloshed gentleman thought the high-speed train he was traveling on was moving too fast and became aggressive, grabbing a fire extinguisher and smashing a window in hopes of saving the day. According to USA Today: Police say passengers said the man took a fire extinguisher off the wall, smashed a glass door separating the cab from the passenger compartment, and told the shocked driver the train was going much too fast and he had to save the passengers. And: Federal police said the ICE train op...
Tags: Post, News, Germany, Frankfurt, Speeding, Usa Today, Passengers, Deutsche Bahn, ICE trains, Heideberg


Ford CEO Jim Hackett pay raise means he earns 276 times more than median employee

Ford revealed executive compensation packages with pay raises for everybody, and then announced 5,000 job cuts in Germany and the UK.            [Author: Detroit Free Press]
Tags: UK, News, Germany, Ford, Detroit Free Press, Jim Hackett


US bristles at Germany’s reduced defense budget plans

BERLIN (AP) — The United States is bristling at the suggestion Germany might miss its own defense spending target, which is already short of the NATO goal. Finance Minister Olaf Scholz’s budget plan, which is to be presented to cabinet on Wednesday, foresees Germany’s defense spending rising to 1.37 percent of national income in 2020, […]
Tags: News, Germany, Berlin, US, Ap, Nation, United States, Nato, Olaf Scholz


Mesut Ozil sparks new political row over wedding invite for Turkish president

The footballer Mesut Özil has become embroiled in a new political row in Germany over reports he asked Recep Tayyip Erdoğan, Turkey’s president, to be guest of honour at his wedding. The Arsenal star resigned from the German national team last year claiming he was a victim of racism after coming under fire over his public support for Mr Erdoğan . German politicians spoke out after he was pictured with his fiancee, Amine Gulse, meeting Mr Erdoğan at Istanbul airport last week. “The fact this is s...
Tags: London, News, Germany, Angela Merkel, Turkey, Mesut Ozil, Erdogan, Recep Tayyip Erdogan, Istanbul, Ozil, Ilkay Gundogan, Bild Germany, Kayhan, Amine Gulse, Cem Ozdemir, Helge Braun


30,000 job cuts and muddled strategy could doom Germany's big bank merger

Labor unions fear that a merger between Deutsche Bank and its smaller German rival Commerzbank could lead to the loss of 30,000 jobs. That's just one reason it may never happen.
Tags: Germany, Cnn, Deutsche Bank, Commerzbank


Iraqi who allegedly killed U.S. troops charged in Germany

BERLIN (AP) — German authorities have charged three Iraqi men with membership in a terrorist organization on allegations they fought for the Islamic State group in their home country, including one suspected of attacks that killed American soldiers. Federal prosecutors said Monday Mohammed Rafea Yassen Y., whose last name wasn’t given for privacy reasons, joined […]
Tags: News, Germany, Islamic State, Berlin, Ap, World, Nation, Nation & World, Mohammed Rafea Yassen Y


Deutsche Bank and Commerzbank confirm merger talks

Unions warn merger of two German lenders could put up to 30,000 jobs at riskDeutsche Bank has confirmed it is in merger talks with rival Commerzbank, putting an end to months of speculation over a potential tie-up that stands to shake up the German banking landscape.While the move has been touted as a route to greater profitability for the troubled lenders, unions have warned that the merger could put up to 30,000 jobs at risk. Continue reading...
Tags: Europe, Business, Germany, UK News, Banking, Financial Sector, European banks, Deutsche Bank, Commerzbank, riskDeutsche Bank


Global stock markets gain as investors predict cautious Federal Reserve – business live

Central banks in spotlight amid Brexit uncertainty and growth concerns 8.04am GMT The FTSE 100 has risen at the start of the week, up by about 0.3% in the first minutes of trading.Early gainers on London’s blue-chip index include Rio Tinto, Rolls-Royce and BHP Group. 8.00am GMT Germany’s two largest listed banks revealed they have started formal merger talks at the weekend, after a long period of struggles at Deutsche Bank.Commerzbank told investors that it has started “discussions with ...
Tags: Europe, Business, London, China, Germany, Economics, Bank Of England, UK News, World news, US economy, Deutsche Bank, Eurozone, Federal Reserve, Brexit, Jd Sports Fashion, Jerome Powell


Germany: Syrian man goes on trial over Chemnitz stabbing

BERLIN (AP) — A Syrian asylum-seeker has gone on trial in Germany over the fatal stabbing in August of a German that touched off far-right protests in the eastern city of Chemnitz. News agency dpa reported that the trial opened Monday at the state court in nearby Dresden, where it is taking place because of […]
Tags: News, Germany, Berlin, Ap, Nation, Dresden, Chemnitz, Chemnitz News


Global shares rise as investors watch US-China trade talks

TOKYO (AP) — Global shares rose Monday as investors awaited signs the U.S. and China could be making progress in negotiations on resolving the trade war between the two biggest economies. France’s CAC 40 added 0.2 percent to 5,413.78. Germany’s DAX rose 0.1 percent to 11,697.10, while Britain’s FTSE 100 gained 0.4 percent to 7,255.26. […]
Tags: Business, News, France, China, Germany, Ap, Britain, Tokyo, US China


Germany's Deutsche Bank, Commerzbank to hold talks on merger

BERLIN (AP) — Deutsche Bank, Germany's biggest bank, and domestic rival Commerzbank have decided to open talks on a possible merger, the lenders said Sunday in an announcement that followed months of speculation about such a combination.
Tags: News, Germany, Berlin, Ap, Commerzbank, Deutsche Bank Germany, Deutsche Bank Commerzbank


Deutsche Bank starts merger talks with Commerzbank

Germany's two biggest banks are discussing a merger that could result in a national powerhouse capable of competing with Wall Street.
Tags: Germany, Cnn, Deutsche Bank, Commerzbank


Deutsche Bank and Commerzbank, Germany’s 2 Biggest Lenders, Hold Merger Talks

The negotiations are aimed at creating a national champion to take on Wall Street giants, but it is unclear whether a deal would solve either companies’ problems.
Tags: News, Germany, Mergers, Deutsche Bank, Deutsche Bank AG, Commerzbank, Acquisitions and Divestitures, Commerzbank Germany


Deutsche Bank and Commerzbank, Germany’s 2 Biggest Lenders, in Merger Talks

The negotiations are aimed at creating a national champion to take on Wall Street giants, but it is unclear whether a deal would solve either companies’ problems.
Tags: News, Germany, Mergers, Deutsche Bank, Deutsche Bank AG, Commerzbank, Acquisitions and Divestitures, Commerzbank Germany


German journalist released in Venezuela headed home

BERLIN (AP) — Germany’s foreign ministry says a German freelance journalist freed in Venezuela months after he was jailed as a suspected spy is on his way home. A Caracas court ordered the conditional release of Billy Six on Friday. Six was ordered to report to the court every 15 days and not to speak […]
Tags: News, Germany, Berlin, Ap, Nation, Venezuela, Caracas, Billy Six


Germany’s Deutsche Bank, Commerzbank to hold talks on merger

BERLIN (AP) — Germany’s biggest bank, Deutsche Bank, and domestic rival Commerzbank have decided to open talks on a possible merger, the lenders said Sunday in an announcement that followed months of speculation about a combination. Commerzbank said in a one-sentence statement that the banks “have agreed today to start discussions with an open outcome […]
Tags: Business, News, Germany, Berlin, Ap, Nation, Deutsche Bank, Commerzbank, Deutsche Bank Commerzbank


Canadian Elena Gaskell captures Crystal Globe after bronze at home

QUEBEC — Canadian Elena Gaskell earned the Crystal Globe for the 2018-19 freestyle skiing big air campaign after capturing a bronze medal in the season-ending World Cup on Saturday.The native of Vernon, B.C., got 158 points on the day, good enough to secure the 2018-19 championship.Switzerland's Mathilde Gremaud took gold and Kea Kuehnel of Germany was second."I'm speechless. I'm so happy,” Gaskell said. "I had a good season, even if there were little injuries along the way that m...
Tags: News, Germany, Toronto, Austria, Switzerland, Belgium, Finland, Slovakia, Quebec, Laurie Blouin, Crystal Globe, Gaskell, Andri Ragettli, Julia Marino, Mathilde Gremaud, Elena Gaskell


Canadian Elena Gaskell captures crystal globe with ski big air bronze in Quebec

Elena Gaskell led a strong Canadian contingent with a bronze medal in the freestyle skiing big air World Cup finale in Quebec City on Saturday.Gaskell secured the crystal globe with her performance to finish at the top of the season points standings."I'm speechless. I'm so happy," said Gaskell about receiving her first career crystal globe. "I had a good season, even if there were little injuries along the way that meant I couldn't train as hard as I would have wanted, but in the ...
Tags: News, Germany, Austria, Switzerland, Quebec, Quebec City, Gaskell, Andri Ragettli, Mathilde Gremaud, Elena Gaskell, Kea Kuehnel, Yuki Tsubota, Megan Oldham, Philippe Langevin, Max Moffatt, Lukas Muellauer


'Farmers feel let down': rural NSW seats suddenly up for grabs

Gabrielle Chan finds bush electorates that were once locked in for the National party are now under siege from a variety of challengersVoters fume at outer Sydney’s growing painsCentral coast could decide the election Labor fights to regain inner cityChanging tide on the far north coastThe state seat of Barwon is about as rusted-on as you can get.About the same size as Germany, its south-western end is the Labor-dominated town of Broken Hill. Most of the rest is committed National party country ...
Tags: Labor, Germany, Australia news, Australian politics, Sydney, New South Wales politics, National party, Barwon, Rural Australia, Gabrielle Chan, New South Wales election 2019, Broken Hill Most


Raonic ousted from Paribas Open semifinals by Austrian Dominic Thiem

INDIAN WELLS, Calif. — Dominic Thiem outlasted Canadian Milos Raonic in three sets Saturday to reach the BNP Paribas Open final, where he'll meet Roger Federer who advanced after Rafael Nadal withdrew with a knee injury.Thiem dispatched the No. 13 seed from Thornhill, Ont., 7-6 (3), 6-7 (3), 6-4 to advance to the championship game. The No. 7 seed from Austria will take on Federer, who didn't have to hit a ball to reach the final."Definitely some things I would have liked to do better, ...
Tags: News, Germany, Austria, Canada, Novak Djokovic, Roger Federer, Rafael Nadal, Federer, Calif, Nadal, Milos Raonic, Monte Carlo, Thornhill Ont, Raonic, Angelique Kerber, Dominic Thiem


Apple Loses Patent Case to Qualcomm: Here’s What It Means

Qualcomm scored a victory today (March 15) in its ongoing legal dispute with Apple over mobile phone patents, as a jury awarded the chip maker $31 million in damages.Credit: Tom's GuideSpecifically, the jury in the U.S. District Court for the Southern District of California decided that the iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus and iPhone X infringe on two of Qualcomm's patents, and that the iPhone 8, 8 Plus and X also infringe on a third.Considering that Apple tallied a littl...
Tags: Apple, News, China, Germany, US, Intel, Munich, San Diego, Qualcomm, Federal Trade Commission, Tom, Don Rosenberg, Avi Greengart, Greengart


‘Mind the Pay Gap’: Reduced Berlin Transit Tickets for Women to Highlight Discrimination

Women in Germany are paid an average of 21 percent less than men. For one day only, the capital’s public transportation will offer them a corresponding discount.
Tags: Europe, News, Germany, Income Inequality, Wages and Salaries, Women and Girls


‘March Now Or Swim Later’: Students Skip Class For Global Climate Strike

BERLIN (AP) — From the South Pacific to the edge of the Arctic Circle, students mobilized by word of mouth and social media are skipping class to protest what they see as the failures by their governments to take tough action against global warming. Friday’s rallies were one of the biggest international climate change actions yet, involving hundreds of thousands of students in more than 100 countries around the globe. The coordinated “school strikes” were inspired by 16-year-old Swedish activi...
Tags: News, Climate Change, Washington, Germany, Angela Merkel, Berlin, India, New York City, Africa, World news, Ap, Earth, United States, South Africa, Paris, Strike


'There is no planet B': best placards from the youth climate strike

Young people in more than 100 countries press politicians to act on climate change Continue reading...
Tags: Japan, Protest, Greece, Climate Change, France, Scotland, Germany, India, Environment, Spain, UK News, World news, Australia news, Austria, South Africa, Italy


Ford to slash over 5,000 German jobs in European overhaul

Ford on Friday said it planned to cut "more than 5,000" jobs in Germany as part of a major restructuring to boost profitability at the US car giant's European operations. "This announcement is part of the Ford restructuring announced in January in Europe with the goal of returning to profitable business in Europe as soon as possible," she said. "The aim is to cut more than 5,000 jobs in the most socially responsible way possible," the spokeswoman added, without detailing how the cuts would be ...
Tags: Europe, News, Germany, US, Ford, Cologne Aachen


Okwui Enwezor Dead at 55

Curator Okwui Enwezor, the critically-precise, adventurous curator who up until recently served as the head of the Haus der Kunst in Germany, has passed away at the age of 55 after a long battle with cancer. “He was one of the leaders of, let’s call it, the free curatorial world—one of the people who believed […]
Tags: Art, News, Germany, Art News, Minipost, Okwui Enwezor, Haus der Kunst, Okwui Enwezor Dead


Chilean tennis player banned for life for bribery

LONDON (AP) — A Chilean tennis player has been banned for life for trying to bribe an opponent. The Tennis Integrity Unit says 31-year-old Mauricio Alvarez-Guzman offered his opponent 1,000 euros ($1,130) to lose a set during a 2016 tournament in Germany. Alvarez-Guzman was also found guilty of bribing his way into another tournament the […]
Tags: London, News, Germany, Sports, Ap, Tennis Integrity Unit, Mauricio Alvarez Guzman, Alvarez Guzman


America needs stronger ties to Germany

When German Chancellor Angela Merkel delivers her commencement speech in May at Harvard University, a child of an Auschwitz survivor, Harvard President Lawrence Bacow, will sit right behind her. Yet Germany's leader will also give her speech in a country in which four out of 10 people do not even know what Auschwitz is, or what happened there, according to a 2018 study. The figure for millennials is more shocking still.
Tags: News, Germany, Angela Merkel, America, Harvard, Harvard University, Stories, Auschwitz, Lawrence Bacow



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