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.
BMW AG sought to defuse potential tensions with President-elect Donald Trump by noting its factory in the U.S. is its largest in the world and that a new, smaller factory in Mexico will make cars for its global customers and not just Americans.
Pharmaceutical firms saw their stock prices drop on Thursday after US President-Elect Donald Trump used part of his press conference the day before to say that the US should negotiate better prices from drug companies.
Volkswagen said it had sold 10.3m cars worldwide last year, a new record for the German auto giant, despite grappling with a massive emissions cheating scandal.
“The New York Times” has reported that Oliver Schmidt, a Volkswagen executive, has been arrested in the US. The newspaper said Schmidt was facing charges of conspiracy to defraud the United States.
Volkswagen and the Justice Department are nearing a deal to resolve criminal and civil allegations over the German automaker’s diesel cheating, according to media reports.
Israel is purchasing German submarines to protect itself against its archenemy Iran. However, the Islamic Republic stands to profit from the deal financially. Deutsche Welle reports.