Europe Top News and Analysis Germany

  • BERLIN— Struggling German airline Air Berlin says it plans to cut its fleet nearly in half and eliminate some 1,200 jobs as part of a restructuring to develop a leaner structure and focus on its most profitable routes. The airline said Wednesday that it would reduce its fleet of 144 planes by 75 as it concentrates on flights originating from Berlin and...

  • VANCOUVER, Sept 28- Vancouver unveiled further steps on Wednesday aimed at easing a housing affordability and availability crisis, two days after a report warned that the West Coast Canadian city was the world's most at risk for a housing bubble. Mayor Gregor Robertson said Vancouver plans to restrict short-term rentals, such as Airbnb, to primary homes- a move...

  • BERLIN, Sept 28- European Central Bank President Mario Draghi rejected German criticism that sub-zero interest rates were impoverishing savers and straining top lender Deutsche Bank, saying its monetary policy was a necessity to get the euro zone back on the path to growth and revive inflation. After repeated clashes in recent years, a tentative truce...

  • WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.. WASHINGTON— Commerce Department releases second-quarter gross domestic product, 8:30 a.m.. WASHINGTON— National Association of Realtors releases pending home sales index for August, 10 a.m..

  • BERLIN— French President Francois Hollande says the European Union wants to keep working with Britain once it leaves the trade bloc, but only under "very well defined criteria." Speaking alongside German Chancellor Angela Merkel and European Commission President Jean-Claude Juncker on Wednesday, Hollande said neither the EU nor Britain would benefit from a "...

  • Mario Draghi

    ECB President Mario Draghi appeared in Berlin on Wednesday to defend the institution from some of its sternest critics — German lawmakers.

  • NEW YORK, Sept 28- U.S. stock prices slipped on Wednesday after comments from Federal Reserve Chair Janet Yellen raised concerns about increased banking regulations, while oil prices rose in choppy trading amid hopes of an output agreement and data showing a bigger-than-expected increase in U.S. gasoline inventories. The dollar rose against the euro as...

  • BERLIN, Sept 28- European Central Bank President Mario Draghi rejected German criticism of the bank's super-loose monetary policy on Wednesday, calling sub-zero interest rates a necessity and urging Berlin to share the burden with more spending. "On balance, savers, employees, entrepreneurs, pensioners and taxpayers across the euro area, including in Germany,...

  • Volkswagen Brands CEO: 'The situation is under control'

    Herbert Diess, CEO of Volkswagen Brands, sought to reassure consumers and investors about a potential fine from the U.S. Department of Justice

  • LONDON, Sept 28- Germany sold two-year bonds at a record low yield on Wednesday as concerns about the health of the European financial industry kept demand high for debt seen as a safe haven. "The current yield levels I think to some extent is an over-reaction so we could see some move in yields as the market calms down and German Bunds move closer to zero," said DZ Bank...

  • European stocks rise on Deutsche rebound

    CNBC's Seema Mody reports on all the market moving events in Europe today, including Deutsche Bank helping the bank sector rebound.

  • BRUSSELS/ FRANKFURT, Sept 28- EU antitrust regulators on Wednesday raised a raft of concerns over the proposed $28 billion merger between Deutsche Boerse and the London Stock Exchange, saying it could hinder competition in key financial market activities. Deutsche Boerse and the London Stock Exchange, which had anticipated criticism of the deal, immediately...

  • An Audi AG A3 35 TDI emissions certification vehicle, produced by Volkswagen AG, waiting to be tested in South Korea on October 1, 2015.

    The CEO of Volkswagen Brands has sought to reassure consumers and investors about a potential fine from the U.S. Department of Justice.

  • CAPE TOWN, Sept 28- It would be a "natural development" for international retail group Steinhoff to take over Shoprite, Africa's biggest supermarket chain, South African tycoon Christo Wiese told Reuters, sending shares in the grocery group surging 4 percent. "People will speculate about that," he said in a rare interview on Tuesday at his modest offices...

  • BERLIN/ FRANKFURT, Sept 28- European Central Bank President Mario Draghi rejected German criticism of the bank's super-loose monetary policy on Wednesday, calling sub-zero rates a necessity and urging governments including Germany's to share more of the burden. Facing a grilling from German lawmakers who say the bank's monetary policy has damaged the euro...

  • BERLIN— Germany's Lufthansa says it is taking over Brussels Airlines, exercising its option to acquire the remaining 55 percent stake in its parent company, SN Airholding. Lufthansa, which already owns 45 percent of the company, said Wednesday that the supervisory board was exercising a call option for the remaining stake. Lufthansa, Germany's largest airline,...

  • *Oil up on U.S. inventories data, eyes on Algiers talks. LONDON, Sept 28- A recovery in Deutsche Bank shares helped push European stocks higher on Wednesday, easing concerns over Germany's financial sector that had hit equities in Asia and drove investors into safe-haven government bonds and the dollar. Federal Reserve Chair Janet Yellen and European Central...

  • LONDON, Sept 28- Germany sold two-year bonds at a record low yield on Wednesday as concerns about the health of the European financial industry kept demand high for debt seen as a safe haven. "The current yield levels I think to some extent is an over reaction so we could see some move in yields as the market calms down and German Bunds will move closer to zero," said DZ...

  • The German financial watchdog denies reports it's working on a rescue plan to help the lender.

  • BERLIN/ FRANKFURT, Sept 28- European Central Bank President Mario Draghi faces a grilling on Wednesday from German lawmakers who say the ECB's super-loose monetary policy has damaged the 19- country currency bloc and fuelled the rise of the populist right. But many in traditionally prudent Germany argue that sub-zero rates upset financial stability,...