Former German retail tycoon Anton Schlecker went on trial Monday, five years after his drugstore chain collapsed, accused of having stashed away millions in corporate assets before the bankruptcy.
The French company that owns Peugeot and Citroen has struck a deal to buy General Motors’ (GM) European unit, including the Opel and Vauxhall brands. PSA is on its way to becoming Europe’s second-largest carmaker.
Consumer prices in the euro currency area have accelerated to hit two percent for the first time since January 2013, adding to pressure on the European Central Bank to taper its massive monetary stimulus.
The US is no longer Germany’s most important trade partner, but China, fresh figures from the statistics office have suggested.
Germany expects PSA Group’s proposed acquisition of General Motors’ Opel business to go ahead, a minister said on Thursday, after the U.S. carmaker sought to allay fears of large-scale plant closures.
German airline Lufthansa said Wednesday it had agreed to boost pilots’ salaries by 8.7 percent over four years, hoping to end years of disputes and costly walkouts by air crew.
Germany’s economy expanded in the final three months of 2016, and the pickup was more pronounced than in the previous quarter, the statistics office reported.
Deutsche Börse chief Carsten Kengeter discussed merger plans with the London Stock Exchange with a government official shortly before a large share purchase, Spiegel magazine reported.
Ground crew workers at four major airports are on strike on Wednesday, leading to dozens of flight delays and cancellations.
Bavaria’s state bank is set to invest about $120 million in the Dakota Access Pipeline, which threatens a Native American reservation and drinking water. Other banks have already sold their stake.