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  • 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...

  • 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...