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Business

Commerzbank takeover: Germany questions UniCredit's 'hostile' strategy

UniCredit's bid to raise its stake in Commerzbank to 29.9% faces German resistance. The European Commission sees potential benefits in consolidation, while analysts predict significant financial synergies.

Business

Takeover target Commerzbank gets new CEO as UniCredit circles

Bettina Orlopp is to replace Manfred Knof 'in the near future'. The news comes days after Italian bank UniCredit revealed it had increased its stake in Commerzbank from around 9% to 21%, subject to regulatory approval.

Europe News

German police arrest four over alleged people smuggling

A total of 400 police officers took part in the operation, which involved federal police, the public prosecutor's office, and central customs authorities.

Germany

Germany's federal police to give top politicians more bodyguards

Domestic extremism and international tension have combined to create a climate of fear in German politics.

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Travel News

Germany's popular monthly transport ticket will soon cost more

The price of the Deutschland-Ticket will rise by 18 per cent next year.

Europe News

Scholz's SPD party breathe a sigh of relief following local election

After the state election for Brandenburg concluded this weekend, both the Social Democrats and far-right Alternative for Germany emerged as biggest winners. The liberal Free Democratic Party, part of Germany's ruling coalition, was left fighting for existence. What comes next?

Business

UniCredit raises stake in Germany's Commerzbank to 21%

If the deal wins approval, it will make the Italian bank Commerzbank's largest shareholder - to the dismay of the German government.

Food and Drink

No buzz, no problem: Germany sees non-alcoholic drinks gain popularity

Statistics from the National Breweries Association show that there has been a steady decline in beer sales since 2015.

Markets

DAX may face pressure amid rising economic and political uncertainties

Germany's stock market has continued to reach new highs, buoyed by the easing monetary policies of global central banks. However, political and economic challenges may limit further gains.

Europe News

SPD narrowly leads Brandenburg state election

The latest projections at 8pm on Sunday indicate that the ruling SPD maintains its narrow lead on the far-right AfD, but its leader urged members to “put on the euphoria brakes” until the final results are clear.

Germany

Exit polls indicate narrow lead for SPD in Brandenburg state election

Two exit polls indicated the ruling SPD party had secured a narrow lead in the Brandenburg state election by 6pm on Sunday evening.

Europe News

The centuries-old German beer festival Oktoberfest has begun

At least six million people are expected to sip on the best of Bavarian beer over the 16 heady days that make up the centuries-old festival Oktoberfest in Munich.

Business

Turkey and Germany in spat over döner kebab - the EU may decide

Turkey wants döner kebabs registered so that it has the same protected EU status as Serrano ham from Spain and Neapolitan pizza.

Business

Volkswagen denies plans to cut 30,000 staff from its workforce

Earlier this month, CEO Oliver Blume told employees that the company needed to end a three-decade-old job protection pledge that would have banned layoffs until 2029.

Germany

Germany's Oktoberfest tightens security after Solingen knife attack

The festival's organiser has promised it will be "the safest place in Germany".

Europe News

Will Brandenburg follow the far-right surge in eastern Germany?

The third and final eastern German state of Brandenburg heads to the polls in just a couple of days. With the government already adopting far-right policies in a bid to hold on to voters, how is the vote likely to play out?

Europe News

Europe's first lithium refinery opens in Germany

The refinery is expected to produce enough lithium hydroxide for 500,000 electric cars per year.

Europe News

Germany denies export ban on arms to Israel

Reports indicate that arms exports have fallen dramatically from the previous year, and no more permits have been issued for weapons sales since March.

Culture news

Iconic Berlin music institution to permanently close after 22 years

The iconic Berlin club Watergate will shut its doors at the end of 2024, with the team citing “enormous financial pressure” as one of the reasons behind the closure.

Business

UniCredit seeks ECB approval for larger stake in Commerzbank

UniCredit seeks the European Central Bank's approval to own up to 30% of a stake in Commerzbank, potentially triggering a full buyout deal of Germany's second-largest lender by assets.