Deutsche Bank on Thursday reported a 10% rise in first-quarter profit, beating expectations amid an ongoing recovery in its investment banking unit. Net profit attributable to shareholders was 1.275 billion euros ($1.365 billion) for the period, ahead of an aggregate analyst forecast of 1.23 billion euros for the period, according to LSEG data. Deutsche Bank … Read more
Surveillance cameras are mounted above the German and Chinese flags in front of Tongji University. Scholz is on a three-day trip to China. Michael Kappeler/dpa | Picture Alliance | Getty Images Germany has arrested a national on charges of spying for the Chinese secret service and leaking information from the European Parliament, Germany’s federal prosecutor’s … Read more
Preliminary hearings open Monday at the United Nations’ top court in a case that seeks an end of German military and other aid to Israel, based on claims that Berlin is “facilitating” acts of genocide and breaches of international law in the Israel-Hamas war in Gaza. Israel strongly denies its military campaign amounts to breaches of … Read more
Descrease article font size Increase article font size Marijuana campaigners in Germany lit celebratory joints on Monday as the country liberalized rules on cannabis to allow possession of small amounts. The German Cannabis Association, which campaigned for the new law, staged a “smoke-in” at Berlin’s landmark Brandenburg Gate when the law took effect at midnight. … Read more
At least five people have died and numerous people are injured in a bus accident on the A9 motorway near the eastern German city of Leipzig, police say. “Several people were fatally injured in the serious accident on the A9 motorway. There are numerous casualties,” police in the state of Saxony said on social media … Read more
Federal Chancellor Olaf Scholz (SPD) receives French President Macron and Polish Prime Minister Tusk with military honors at the Federal Chancellery for a joint meeting. Christoph Soeder | Picture Alliance | Getty Images Debate around military aid to Ukraine is deepening the cracks in Germany’s administration — but despite “extremely unusual” public rifts, Chancellor Olaf Scholz is … Read more
Descrease article font size Increase article font size Canada, citing the need to shun Russian energy, on Monday signed an agreement with Germany that it said would accelerate work towards the commercial-scale trade of clean hydrogen fuel. The two nations inked a memorandum of understanding that commits them to backing transactions between Canadian hydrogen producers … Read more
Construction workers are seen at a new condominium building project in Huerth, western Germany, on April 5, 2023. Ina Fassbender | Afp | Getty Images Shares of German property giant Vonovia fell more than 7% on Friday, shining a light on a deepening real estate crisis in Europe’s largest economy. The residential real estate company … Read more
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2024. Brendan Mcdermid | Reuters LONDON — Global dividend payouts to shareholders hit a record $1.66 trillion in 2023, according to a new report by British asset manager Janus Henderson. The Global Dividend Index report, published … Read more
A 62-year-old man who claims to have received 217 COVID-19 vaccinations shows no signs of adverse events linked to the shots and appears to have stronger immunity against the virus than others, researchers said as they cautioning others to not get more than the recommended vaccinations. In a study published Monday in the journal Lancet … Read more
