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Europe Top News and Analysis Germany

  • BERLIN— A German federal court has upheld a complaint by a teacher at a Greek school in Germany against a pay cut that the Greek government imposed at the height of the country's financial crisis. A lower court granted his demand for some 20,000 euros in extra pay for Oct. 2010- Dec. 2012— the amount by which his salary was lowered. It ruled that Greek austerity...

  • *Ducati may be valued at up to 1.5 billion euros- source. FRANKFURT, April 26- Volkswagen is considering a possible sale of Italian motorcycle maker Ducati as Europe's largest carmaker seeks to streamline operations to fund a post-Dieselgate strategic overhaul, two people familiar with the matter said. One of the sources said Ducati has annual earnings before...

  • LONDON, April 26- Banks in Britain will start shifting some operations to Continental Europe reasonably soon to avoid disrupting links with customers after Brexit, Barclays Chief Executive Jes Staley said on Wednesday. Britain has opened formal divorce talks with the European Union though it is far from clear what levels of access businesses will have to EU...

  • FRANKFURT, April 26- Deutsche Bank is considering whether it needs to move thousands of staff from London to Frankfurt following Britain's decision to leave the European Union, one of its top executives said. After Britain triggered Article 50 last month and has begun divorce talks with the EU, financial firms have stepped up planning on how to deal with any...

  • BERLIN— The German government slightly raised its growth forecast this year for the country's economy, Europe's biggest, to 1.5 percent on Wednesday. Economy Minister Brigitte Zypries said that "international risks are affecting the German economy relatively little" since domestic demand has strengthened over recent years, with Germans now somewhat more...

  • LUXEMBOURG, April 26- When Mohamed al-Khalaf escaped from Syria and won asylum in Luxembourg last year, his wife and children stayed behind in Raqqa, the hub of Islamic State's so-called Caliphate. But first, Luxembourg officials said, they must see the family's passports and a document, certified by President Bashar al-Assad's administration, to prove...

  • FRANKFURT, April 26- German luxury car manufacturer Daimler AG raised its forecasts on Wednesday, predicting a significant rise in operating profit this year after a surge in sales of Mercedes-Benz luxury cars and sports utility vehicles, boosted by the launch of new models. In February Daimler had said it expected only slight growth in group EBIT, but record...

  • FRANKFURT, April 26- Daimler AG raised it forecasts on Wednesday, predicting a significant rise in operating profits this year after a surge in sales of Mercedes-Benz luxury cars and sports utility vehicles. "We are very confident for the remainder of the year to achieve our financial as well as our strategic goals," Daimler's Chief Financial Officer Bodo Uebber...

  • FRANKFURT, Germany— German automaker Daimler AG says net profit doubled in the first three months of the year as the new version of the company's Mercedes-Benz E-Class sedan and its SUV lineup boosted sales. The Stuttgart- based company raised its profit outlook for the year, with CEO Dieter Zetsche saying in a statement Wednesday that earnings and sales would "...

  • It is "still early days" for a monetary policy tightening across the euro zone, analysts told CNBC.

  • BOSTON— A diary kept by a young John F. Kennedy during his brief stint as a journalist after World War II in which he reflected on Hitler and the weakness of the United Nations sold for more than $700,000 Wednesday, according to the auction house. Boston- based RR Auction said the diary sold for $718,750, far exceeding the pre-sale estimate of $200,000.

  • STOCKHOLM- Meeting of the executive board of the Riksbank- 0800 GMT. STOCKHOLM- Swedish Central Bank to publish executive board's interest rate decision along with the monetary policy report. STOCKHOLM- The Riksbank will hold a press conference on the interest rate decision.

  • FRANKFURT, Germany- "Frankfurt Finance Summit 2017." STOCKHOLM- Meeting of the executive board of the Riksbank- 0800 GMT. STOCKHOLM- Swedish Central Bank to publish executive board's interest rate decision along with the monetary policy report. STOCKHOLM- The Riksbank will hold a press conference on the interest rate decision.

  • Ivanka Trump, daughter and adviser of U.S. President Donald Trump talks during a panel at the W20 Summit in Berlin on April 25, 2017.

    In her first overseas visit as a member of the presidential staff, Ivanka Trump downplayed headlines there calling her a "loyal accomplice."

  • *To invest 300 mln euros more in electric drives by 2021. BERLIN/ FRANKFURT, April 25- Car components maker Continental AG is set to invest an extra 300 million euros in electric drives by 2021 but also remains committed to its combustion-based powertrain business, the company said on Tuesday. By raising spending on development of new products such as charging...

  • *Germany opposing key parts of the reforms- document. FRANKFURT/ BRUSSELS, April 25- Germany is opposing key elements of a European Union proposal to overhaul how car engine emissions are tested for pollution, a document seen by Reuters showed, as Brussels attempts to prevent a repeat of the Volkswagen emissions scandal. Germany is in favour of keeping vehicle...

  • Angela Merkel hosts Ivanka Trump in Germany

    The First Daughter is in the German capital this Tuesday for her first international trip as a member of her father's presidential team.

  • PHILADELPHIA/ LONDON April 25- U.S. commercial property insurer FM Global is planning a European hub in Luxembourg following Britain's decision to leave the bloc, the head of its European division told Reuters. The mutual insurer, which earned $5.5 billion in gross premium last year, plans to continue many business operations in Windsor, west of London, but has...

  • FRANKFURT, April 25- Two foundations tied to Germanys ruling coalition parties were attacked by the same cyber spy group that targeted the campaign of French presidential favorite Emmanuel Macron, a leading cyber security expert said on Tuesday. The group, dubbed "Pawn Storm" by security firm Trend Micro, used email phishing tricks and attempted to install...

  • Mario Draghi, president of the European Central Bank

    At this week's European Central Bank meeting it is all about slight changes in tone when it comes to their assessment of economic activity. With the French presidential run-off scheduled for May 7, there appears to be little appetite to rock the boat.