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Europe Top News and Analysis Germany

  • WASHINGTON, March 21- The Trump administration on Tuesday imposed restrictions on carry-on electronic devices on planes coming to the United States from 10 airports in Muslim-majority countries in the Middle East and North Africa in response to unspecified terrorism threats. The airports are in Cairo; Istanbul; Kuwait City; Doha, Qatar; Casablanca, Morocco;...

  • DUBAI, March 21- New restrictions on passengers carrying electronics on U.S. flights will be in place for nearly seven months, an Emirates spokeswoman said on Tuesday. The Department of Homeland Security will require passengers travelling from 10 Middle East airports, including Emirates' Dubai hub, to stow electronic devices larger than a mobile phone with...

  • FRANKFURT, Germany— German automaker BMW is forecasting increased sales and profits this year as it begins the rollout of some 40 new models and aims to sell 100,000 electric-powered cars. The company said Tuesday it expects "a slight increase" from last year, when it had 94.2 billion euros in revenues and net profit of 6.9 billion euros. Munich- based BMW AG has...

  • Delivery Hero remains unwilling to rush its long-rumored IPO plans although its CEO says it has the luxury of being able to do so at any time.

  • FRANKFURT, Germany _ Deutsche Bank AG on Monday reported a loss of $2.04 billion in its fourth quarter. The Frankfurt, Germany- based bank said it had a loss of $1.47 per share. Deutsche Bank shares have climbed 1.5 percent since the beginning of the year.

  • MOSCOW, March 21- Russian bank VTB has decided to close its only office in India to cut costs but will continue to work in India, the bank said on Tuesday. "The decision to shut the branch in India was taken as part of a strategy of VTB Group aimed at optimizing costs. While closing its office in New Delhi, VTB added that it saw commodities and investment banking as...

  • BERLIN, March 21- France must accelerate reforms and changes to tackle growing social and economic problems that are fuelling nationalism, populism and the rise of Marine Le Pen, leader of the far-right National Front, a top German official said on Tuesday. Macron, a former investment banker, vowed during a visit to Berlin last week to reform the French economy if...

  • LONDON- Federal Reserve Bank of New York President and CEO William Dudley will attend an event "Banking Culture; An International Challenge and an Opportunity" organized by Banking Standards Board and the Lord Mayor of London- 0820 GMT. LONDON- Federal Reserve Bank of New York President and CEO William Dudley will attend an event "Worthy of Trust?

  • LONDON- Federal Reserve Bank of New York President and CEO William Dudley will attend an event "Banking Culture; An International Challenge and an Opportunity" organized by Banking Standards Board and the Lord Mayor of London- 0820 GMT. LONDON- Federal Reserve Bank of New York President and CEO William Dudley will attend an event "Worthy of Trust?

  • PARIS, March 20- France and Japan support a "free and open maritime order" in the Asia-Pacific region, Japanese Prime Minister Shinzo Abe said after talks with French President Francois Hollande on Monday. The message seemed aimed at China, which claims almost all the South China Sea and which has fueled concern in Japan and the West with its growing military...

  • *Personalised sweater for 200 euros ready in four hours. The sportswear group is working on several initiatives to cut the time it takes to get new designs to stores from the 12 to 18 months now standard in the sneaker industry, including opening factories mainly operated by robots in Germany and the United States. At a pop-up Adidas store in a mall in Berlin,...

  • BERLIN— A union representing cabin crews working for Lufthansa's budget unit Eurowings says it has agreed to open an arbitration process with the airline to resolve a long-standing dispute over pay and conditions. The UFO union said Monday that both sides had agreed on entering a binding process, and would hold talks over the coming days to decide upon an...

  • *Libya's NOC says confident will regain control of oil ports. LONDON, March 20- Oil fell on Monday as investors continued to unwind bets on higher prices after record cuts last week because of concerns that growing U.S. oil output could hamper an OPEC- led deal on production reductions. Oil futures have retreated in the past two weeks as a supply overhang driven by...

  • LONDON, March 20- Oil fell around 1 percent on Monday as investors continued to unwind bets on higher prices after record cuts last week because of concerns that growing U.S. oil output could hamper an OPEC- led production cut deal. We've got record selling in the week ending March 14 and the bleeding has not stopped yet, "said Carsten Fritsch, senior commodities...

  • Trump's trade adviser Peter Navarro has accused Germany of exploiting a weak euro to gain a trade advantage and called for bilateral discussions to reduce the $65 billion U.S. trade deficit with Germany which he described as "one of the most difficult" issues. Chancellor Angela Merkel has rejected such criticism, saying her government was not in charge of the...

  • BADEN BADEN, Germany, March 20- Wary of their first official encounter with U.S. According to G20 officials who interacted with Mnuchin at the meeting in the spa and casino town of Baden-Baden, Germany, many opted not to challenge Mnuchin on protectionism language. Instead they chose to give some space to him and Trump's new administration to refine their trade...

  • Last week, import licences issued by the Turkish government no longer included Russia in a list of accepted tax-free origins, the sources said, suggesting an import tariff of 130 percent could be applied to supplies from Russia. Turkey's Economy Ministry said on Friday media reports it had banned imports of certain products from Russia were wrong.

  • *Libya's NOC says confident will regain control of oil ports. LONDON, March 20- Oil prices fell more than 1 percent on Monday as investors made record cuts to bets on rising prices after strong drilling data from the United States fed concerns about the effectiveness of OPEC- led production cuts to curb a supply glut. We've got record selling in the week ending March...

  • BERLIN— Germany's finance minister says European unity is "the best precaution for our 21st century" and is suggesting that the eurozone rescue fund could be turned into a sort of " European Monetary Fund." Wolfgang Schaeuble, one of Germany's most influential politicians, wrote in Monday's edition of the daily Frankfurter Allgemeine Zeitung: "European...

  • BERLIN— The world must swiftly shift energy production away from fossil fuels if it is to prevent a dangerous increase in global temperatures, according to separate reports released Monday by two international agencies. The International Energy Agency and the International Renewable Energy Agency were asked to outline scenarios that would keep global...