Europe Top News and Analysis Germany

  • BRUSSELS, Dec 8- The European Union began legal action on Thursday against Germany, Britain and five other member states for failing to police emissions test cheating by carmakers after the Volkswagen diesel scandal. Germany, Britain, Spain and Luxembourg stand accused of failing to impose the kind of penalties Volkswagen has faced in the United States over...

  • BERLIN— German conglomerate ThyssenKrupp says it suffered a "massive" and sustained cyberattack aimed at stealing industrial secrets. ThyssenKrupp says the attackers targeted its Industrial Solutions unit and some data appeared to have been stolen. Last month Deutsche Telekom suffered a large-scale outage after its network was attacked by a so-called...

  • Delta Air Lines is rolling out new free snacks for customers in the main cabin, including brand-name yogurt bars and pretzels. The menu move comes about a year after United Airlines brought back free snacks by offering noshes like stroopwafels— a gooey Dutch confection— and better coffee. Delta also is testing free sandwiches and other meals in economy on some...

  • BRUSSELS, Dec 8- The European Union began legal action on Thursday against Germany, Britain and five other member states for failing to police emissions test cheating by carmakers after the Volkswagen diesel scandal. Germany, Britain, Spain and Luxembourg stand accused of failing to impose the kind of penalties Volkswagen has faced in the United States over...

  • BRUSSELS, Dec 8- The European Union started legal action on Thursday against seven countries including Germany and Britain for failing to police emissions test cheating by carmakers after the Volkswagen scandal. Amid mounting frustration in Brussels over what it sees as governments colluding with the powerful car industry, the European Commission is...

  • BRUSSELS, Dec 8- The European Union started legal action on Thursday against seven countries including Germany and Britain for failing to police emissions test cheating by carmakers after the Volkswagen scandal. Amid mounting frustration in Brussels over what it sees as governments colluding with the powerful car industry, the European Commission is...

  • European Central Bank President Mario Draghi says the eurozone could face turbulence from elections next year and that it's the central bank's role "to keep a steady hand" supporting the economy. The purchases would continue at a lower rate of 60 billion euros instead of 80 billion euros. European Central Bank President Mario Draghi says there's no question of...

  • FRANKFURT, Germany— European Central Bank decides to extend the duration of its stimulus program by at least 9 months.

  • BRUSSELS— The European Union is starting legal action against Britain, Germany, Spain and Luxembourg for not imposing penalties against Volkswagen for using illegal software to hide vehicle emissions. The European Commission also said Thursday that it believes Britain and Germany "broke the law by refusing to disclose, when requested by the Commission, all...

  • BERLIN— Russia is trying to destabilize German society with propaganda and cyberattacks ahead of the country's general election, Germany's domestic intelligence agency said Thursday. "There is growing evidence of attempts to influence the federal election next year," said the BfV's head, Hans-Georg Maassen, citing "increasingly aggressive cyberespionage"...

  • FRANKFURT, Germany— The European Central Bank will pour another half-trillion euros in newly printed money into the eurozone economy to support its recovery as the currency union heads into what could be a tumultuous election year. But the council startled markets Thursday by reducing the monthly amount of bonds it will buy after March, to 60 billion euros...

  • Expect low rate environment to continue

    Walter Sinn, managing director for Germany at Bain & Company, discusses the European banking environment ahead of today's ECB meeting.

  • WELLINGTON- Reserve Bank of New Zealand Governor Graeme Wheeler delivers speech on "Some thoughts on New Zealand's Economic Expansion" at the South Island town of Greymouth. QUEBEC, Canada- Bank of Canada Governor Stephen Poloz, Canada Minister of Finance Bill Morneau and Minister of Status of Women Patty Hajdu to attend an event in Gatineau- 1400 GMT.

  • WELLINGTON- Reserve Bank of New Zealand Governor Graeme Wheeler delivers speech on "Some thoughts on New Zealand's Economic Expansion" at the South Island town of Greymouth. QUEBEC, Canada- Bank of Canada Governor Stephen Poloz, Canada Minister of Finance Bill Morneau and Minister of Status of Women Patty Hajdu to attend an event in Gatineau- 1400 GMT.

  • FRANKFURT, Dec 7- Germany's Linde agreed to revive talks with U.S. rival Praxair to create a $65 billion industrial gases giant which will have its main operations run from Connecticut, two sources familiar with the deal said on Wednesday. But a combined company will have its operating base in Danbury, Connecticut, where Praxair is headquartered and Praxair's...

  • FRANKFURT, Dec 7- German industrial gases group Linde has invited U.S. rival Praxair to resume merger negotiations after Praxair offered concessions on the division of power in the combined entity, defusing a dispute which led to the collapse of talks two months ago. At the same time Linde's chief executive Wolfgang Buechele has stepped down with immediate...

  • BERLIN— Several large German companies, including carmaker BMW, have pulled their ads from U.S.-based news and opinion website Breitbart due to concerns about its content, following a similar move by cereal maker Kellogg's. Supermarket group REWE, automaker BMW, Telefonica Deutschland, which is the mobile operator of O2, and restaurant chain Vapiano also told...

  • LONDON, Dec 7- Oil prices slipped on Wednesday on doubts production cuts promised by OPEC and Russia would be deep enough to end a supply overhang that has weighed on markets for more than two years. Oil prices surged almost 20 percent after the Organization of the Petroleum Exporting Countries and Russia announced last week that they would cut production next...

  • *New CEO sought to deal with Silicon Valley threat. STOCKHOLM, Dec 7- The chief executive of Swedish investment firm Kinnevik is leaving with immediate effect to be replaced by a new leader who will have to fend off competition from technology giants such as Amazon. The decision was taken at a special board meeting in Stockholm when senior company figures were in...

  • BENGALURU/ LONDON, Dec 7- Global stock markets will rise further in 2017, hundreds of upbeat strategists say in a Reuters poll released on Wednesday, braving a long list of political uncertainties just as the fuel behind the historic post-financial crisis rally runs dry. The most striking shift since the last Reuters global survey- in October- is how quickly many...