Germany is reportedly grappling with an economic slowdown that is now impacting its labor market. Germany, Europe's largest economy, is reportedly grappling with an economic slowdown that is now impacting its labor market.
Germany
Russia's Plot to Assassinate CEO of German Arms Firm Supplying Ukraine Thwarted by US, Germany
Russia's attempted assassination plot targeting Armin Papperger, CEO of Rheinmetall AG, a major German arms manufacturer supplying Ukraine, was thwarted by US and German authorities.
Germany’s Deutsche Bank, Commerzbank Assets Seized by Russian Court Over Gas Facility Contsruction Dispute
Two German banks in Russia had their assets seized by the court over a Baltic Sea gas project construction issue.
Some Motorola, Lenovo Phones Now Banned in Germany — Here’s Why
A German district court recently ordered Lenovo to remove all of its Lenovo and Motorola devices from the German market after it favored InterDigital, the patent holder of its WWAN modules.
Germany: Art Museum Fires Worker for Hanging His Own Painting in Exhibition in Bid to Make Breakthrough
A German art gallery terminated an employee for hanging his own artwork in an attempt at recognition and permanently barred him from the exhibition.
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Germany could fine Facebook €500,000 for each fake news post. The country of Germany isn't confident Facebook can self-regulate its fake news problem.
Sigmar Gabriel, the economy minister of Germany urged the government to put up more investments. He stressed out that there should be more schools to be put up, infrastructures such as road as well as in education. In his speech he asked to push more welfare handouts of the solid public finances.
European banking regulators have begun probing links between banks and tax havens in the wake of leakage of Panama Papers. Switzerland's financial watchdog FINMA has cautioned banks to crack down on money laundering. Geneva has also commenced a criminal enquiry into banks dealing with tax havens in the wake of Panama Papers.
Following the leak of documents related to tax dodging by a Panamanian Firm, governments around the globe has initiated probe in this regard. Tax payers are righteous to know the state actions in unearthing the probable tax abating which has prompted the authorities to investigate. However, the leaked documents have provided an opportunity to earn penalty from the probable tax dodgers.
Deutsche Bank has missed its ranking as a top three investment bank in the world. The weak EURO as well as the bank's restructuring approach pushed it to the fifth place in the investment sector.
BayWa has partnered with Spruce Finance to provide finance products for its solar distribution clients in the US. With regard to this partnership, dealers across the US will have access to loan products from Spruce Finance.
The £21-billion merger of London Stock Exchange (LSE) with Deutsche Börse is facing an increasing resistance from Germany. Politicians and senior industry leaders are concerned about losing the financial hub status of Frankfurt.
E.ON incurred losses has doubled in 2015 and forecasts for a gloomy 2016 due to historic low energy tariff and transformation of Germany towards renewables. Tremendous growth in the subsidized sector has forced the conventional energy firms to squeeze their businesses. Following the industry trend, E.ON has also planned for transformation focusing on renewables.
Michael Horn is stepping down as CEO of Volkswagen Group of America. Hinrich J. Woebcken will act as an interim CEO for Volkswagen Group of America from 1 April 2016 onwards.
