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  • FRANKFURT, April 28- The head of Germany's Bundesbank criticised Greece's government on Tuesday for failing to implement reforms and said it was possible for a country within the currency union to become insolvent. "Member states must take responsibility for the consequences of their political decisions," Jens Weidmann, also a member of the European Central...

  • BERLIN— Lawyers representing dozens of families who lost loved ones when a German passenger plane crashed in the Alps last month said Tuesday they may sue the airline in the U.S. to get more compensation. Prosecutors say the co-pilot deliberately slammed Germanwings Flight 9525 into a mountainside in southern France on March 24, killing everyone on board.

  • BERLIN, April 28- Talks between the European Union and United States on a transatlantic trade accord will stretch into 2016, the EU's chief negotiator said on Tuesday, adding that the discussions were about to enter a "more difficult" and "intense" stage. This year is seen as crucial in making progress on the Transatlantic Trade and Investment Partnership, with the...

  • BERLIN— A new study shows U.S. President Barack Obama is still by far the most followed world leader on Twitter, but Pope Francis is considered the most influential by the number of his messages retweeted. Indian Prime Minister Narendra Modi had nearly 11 million followers, Turkish President Recep Tayyip Erdogan had more than 6 million, and the White House had...

  • *Banker says investors still link Cyprus to Greece. LONDON, April 28- Bailed-out Cyprus sold one billion euros in seven-year bonds on Tuesday, highlighting its economic recovery and the gulf with Greece, whose future in the euro zone is in doubt. By contrast yields on debt issued by Greece, the country which effectively forced Cyprus to seek an international...

  • BERLIN— Google says it will give European publishers 150 million euros to help them adapt to the challenge of selling news online. The Internet giant has had a rocky relationship with the European publishing industry, which accuses Google of profiting from its content without sharing the revenue. Last year, Google blocked Spanish publishers' reports from more...

  • MUNICH, April 28- Deutsche Bank's co-chief executive Juergen Fitschen went on trial on Tuesday, accused of giving misleading evidence in connection with the collapse in 2002 of the Kirch media empire in a case that could prove a major distraction at a time when the bank is undergoing a strategic overhaul. Prosecutor Christiane Serini said Fitschen and his four...

  • FRANKFURT, April 28- German truckmaker MAN SE swung to a first-quarter net loss, hit by a plunge in demand in Brazil, and said it expected market conditions there to remain tough until at least mid-year. The Volkswagen-owned company said on Tuesday truck deliveries in Brazil slumped 51 percent in the quarter as the local economy weakening, while orders tumbled 49...

  • BERLIN, April 28- Record sales of luxury Mercedes-Benz cars helped Daimler to beat first-quarter earnings forecasts and close its profitability gap with German rivals BMW and Audi. Daimler's flagship Mercedes-Benz division has lagged BMW and Audi on deliveries and profitability in recent years, but demand for the revamped C-Class saloon and a growing...

  • Weaker UPM-Kymmene leads European shares lower Tuesday, 28 Apr 2015 | 4:53 AM ET

    *UPM-Kymmene, Commerzbank and Geberit top fallers. LONDON, April 28- European equities fell on Tuesday following some weaker-than-expected updates, with paper maker UPM-Kymmene slipping after announcing results and Commerzbank's plan to raise 1.4 billion euros hurting its shares. "We have seen some mixed earnings reports today, however disappointing...

  • BERLIN— Deutsche Bank co-CEO Juergen Fitschen went on trial Tuesday along with two of his predecessors, charged with attempted fraud for allegedly colluding to deceive judges in a long-running legal battle with a now-deceased media mogul. The trial that opened in the Munich state court caps a saga that has dogged Germany's biggest bank for more than a decade.

  • Daimler Q1 earnings nearly double on new models Tuesday, 28 Apr 2015 | 2:36 AM ET

    FRANKFURT, Germany— German automaker Daimler saw net profit nearly double in the first quarter on strong demand across all major markets for its updated line of Mercedes-Benz luxury cars. Daimler grew sales across all its major markets as the global auto sales market continues to expand, led by the United States and China. Shares in the Stuttgart- based...

  • FRANKFURT, April 27- A radical plan for Deutsche Bank to become a pure investment bank and corporate lender was dropped after stress tests demanded by the European Central Bank concluded the model would not withstand a severe financial crisis, sources said. Deutsche Bank, Germany's biggest lender, has spent much of this year looking at ways of reconfiguring its...

  • The game of chicken between Greece and its international creditors is turning into a vicious blame game as Athens lurches closer to bankruptcy with no cash-for-reform agreement in sight. Europe's political leaders and central bankers and Greek politicians agree on only one thing: if Greece goes down, they don't want their fingerprints on the murder weapon.

  • VW chairman quits, but questions over future remain Monday, 27 Apr 2015 | 12:05 PM ET

    FRANKFURT, Germany— Volkswagen's patriarch has left the building. Ferdinand Piech shaped the company's destiny for more than 25 years. Piech had criticized CEO Martin Winterkorn in an interview with Germany's Der Spiegel magazine, saying he was "at a distance" from him.

  • The shock departure of Piech, a dominant figure at VW for over two decades, leaves IG Metall's former national leader Berthold Huber as acting chairman of Europe's biggest carmaker. At Deutsche Bank, opposition from the Verdi union to a wholesale disposal of the lender's retail operations helped convince co-CEOs Anshu Jain and Juergen Fitschen to ditch their...

  • European markets close: Greek exit near?   Monday, 27 Apr 2015 | 11:27 AM ET
    European markets close: Greek exit near?

    CNBC's Simon Hobbs reports on all the market moving events in Europe today, including the exit of Greece from the eurozone and European banks.

  • *Yemen faces mounting humanitarian crisis. LONDON, April 27- Yemen is facing mounting problems bringing in food by sea as the danger from fighting between Houthis and government supporters is exacerbated by an arms blockade by Saudi-led coalition navies searching ships for weapons destined for the rebels. The Arabian peninsula's poorest country, Yemen...

  • BERLIN, April 27- Investors hope that Volkswagen will be able to revive profitability at its core division, cure underperformance overseas and bury lingering plans for acquisitions after the resignation of Chairman Ferdinand Piech. Piech, the mastermind of VW's global expansion and a towering figure at the German group for more than two decades, stepped down...

  • UPDATE 3-Investors question Deutsche Bank's overhaul Monday, 27 Apr 2015 | 6:10 AM ET

    *To exit 7-10 countries but invest in India, China. FRANKFURT, April 27- Deutsche Bank's biggest strategic overhaul under co-chief executives Anshu Jain and Juergen Fitschen got a thumbs down from investors on Monday who judged it too little too late. Germany's flagship lender has trailed rivals under the tenure of Jain and Fitschen who despite the...