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Europe Top News and Analysis Germany

  • April 27- Airbus is involved in a furious row with Austria over a fraud investigation in connection with a $2 billion fighter jet deal. Airbus and other partners in Eurofighter- Britain's BAE Systems and Italy's Leonardo- and the consortium itself have denied any wrongdoing. Austria, led by conservative Chancellor Wolfgang Schuessel, ordered 18 Eurofighter...

  • The European Central Bank said it will host a meeting of banks on May 4 at its offices in Frankfurt. It will spell out in detail what those moving some of their operations out of London must do to apply successfully for a licence. Ireland's central bank will hold a similar gathering next month to advise groups considering a move to Dublin, which along with Frankfurt,...

  • MUNICH, April 27- Joachim Wenning admitted he would not be to everyone's liking long before taking the helm of Germany's Munich Re. While shareholders praised von Bomhard for navigating the global financial crisis, low interest rates and declining reinsurance prices have eroded profit in recent years. "I'm glad that Mr Wenning has already agreed to take this on...

  • *Two key Libya oilfields restart, sources tell Reuters. *OPEC expected to extend production cuts. LONDON, April 27- Oil prices fell on Thursday after news that two key oilfields in Libya had restarted, pumping crude for export into an already bloated market.

  • FRANKFURT, Germany— The Latest on the European Central Bank's decisions on stimulus for the eurozone economy:. The European Central Bank notes the economy has strengthened, but steered clear of signaling it is planning the end of its massive monetary stimulus. The European Central Bank has left its bond-buying stimulus program unchanged but insists it is...

  • FRANKFURT/ PARIS, April 27- STMicroelectronics has extended the contract of its CEO by a year and lined up its operations chief to succeed him, seeking to end a battle over succession between France and Italy, a source with knowledge of the matter said on Thursday. The move came as Europe's second-biggest chipmaker, in which France and Italy jointly control a 27.5...

  • BERLIN— The head of Germany's domestic intelligence agency says companies aren't taking cybersecurity seriously enough at a time when the threat of electronic attacks is rising. Hans-Georg Maassen says cyberattacks and disinformation campaigns cost German companies up to 50 billion euros a year. Maassen said Thursday at a business seminar in Berlin it...

  • Theresa May, Prime Minister of the United Kingdom (L), attends a press conference with German Chancellor Angela Merkel on July 20, 2016 in Berlin, Germany.

    German Chancellor Angela Merkel told Britons not to delude themselves that they would continue to enjoy EU rights after Brexit.

  • 2016A statue is seen next to the logo of Germany's Deutsche Bank in Frankfurt, Germany.

    Deutsche Bank reported on Thursday a lower-than-expected revenue for its first quarter, mainly driven by a negative impact of credit spreads.

  • *Q1 net income 575 million euros, up 143 percent. Shares in Germany's biggest bank were 3 percent lower in early trade compared with a flat German blue-chip index, with analysts pointing to the 9 percent revenue fall, putting pressure on chief executive John Cryan to deliver on his pledge last month to focus on growth. "We believe the core bank is still massively...

  • BRUSSELS— The 27 European Union nations heading into two years of divorce negotiations with Britain stressed unity Thursday, saying there's a large consensus on the tough guidelines for their Brexit negotiators which are to be approved at a weekend summit. Also Thursday, German Chancellor Angela Merkel, the strongest voice in the EU, said Britain should not...

  • FRANKFURT, Germany— The European Central Bank kept its stimulus program and interest rates unchanged Thursday even though it conceded that the economic recovery in the 19- country is becoming stronger. Though a raft of economic indicators in recent weeks have pointed to a strengthening recovery, there was little expectation the bank would adjust policy in...

  • German Chancellor Angela Merkel says that Britain will not retain the same rights and privileges it has now in the European Union when it leaves the bloc. She said that while Europe still envisions Britain as a close partner, it will be an outsider and as such "can and will not have the same rights or be in a better position than a member of the European Union.

  • Speaking to German lawmakers ahead of a weekend summit in Brussels to discuss the so-called Brexit, Merkel said to applause that she had "the feeling that some in Britain still have illusions, and that is a waste of time." While Europe still envisions Britain as a close partner, Merkel said once it leaves the EU it will be an outsider and as such "can and will not have the...

  • BERLIN— Germany's Merkel: Britain must engage in' constructive dialogue' with the EU about Brexit before negotiations can start.

  • FRANKFURT, Germany— Germany's Deutsche Bank says net profit more than doubled in the first three months of the year as the bank pressed ahead with cost-cutting and saw more customer money flowing into its asset management business. Net profit of 575 million euros exceeded 236 million euros from the same quarter a year ago and beat analyst expectations of 487...

  • PARIS, April 27- The finance director of Airbus on Thursday rebuked Pratt& Whitney for engine problems that have delayed deliveries of its A320neo passenger jet and reserved judgment about how quickly planned fixes would resolve the issue. Harald Wilhelm told reporters the demonstrated performance on the U.S. company's new Geared Turbofan engines was "not...

  • MOSCOW/ SEVASTOPOL, Crimea, April 27- Russia's $1.3 billion plan to build two new power plants in Crimea aimed to show that Moscow could complete high-tech projects on the annexed peninsula despite Western technology sanctions. But two years after its approval, the plan, which would supply Crimea's residents with power they once got from Ukraine, has been...

  • STOCKHOLM- Swedish Central Bank announces its interest rate decision. FRANKFURT- European Central Bank will hold a press conference following the governing council monetary policy meeting in Frankfurt 1330 GMT. EANSTON, Illinois- Federal Reserve Board Governor Lael Brainard speaks on "Fintech" before the Kellogg School of Management at Northwestern...

  • STOCKHOLM- Swedish Central Bank announces its interest rate decision. FRANKFURT- European Central Bank will hold a press conference following the governing council monetary policy meeting in Frankfurt 1330 GMT. EANSTON, Illinois- Federal Reserve Board Governor Lael Brainard speaks on "Fintech" before the Kellogg School of Management at Northwestern...