News Bites

European competition authorities have approved EasyJet’s purchase of a number of routes belonging to bankrupt Air Berlin, with the British discount airline paying $40 million to take over about 25 jets based at Berlin’s Tegel airport. (Reuters)

Hunters in North Rhine-Westphalia have killed 4,500 more wild boar than last year, following the state environment ministry’s call for a cull to prevent the spread of African swine fever.

German power futures for 2018 climbed to the highest point in over four years, advancing as much as 3.8% on the EEX exchange following a deadly gas explosion in Austria. (Bloomberg)

German cooperative lender DZ Bank has hired Goldman Sachs to help it sell transport finance firm DVB, in the hopes of recovering from bad shipping loans. (Reuters)

Companies impacted by the egg contamination scandal may be eligible for compensation from the EU after 10 million eggs tainted with pesticide were withdrawn from sale in Germany.

VW must recall around 57,600 of its diesel Touareg SUVs worldwide after emissions-faking devices were discovered by German authorities.

Germany’s parliament has extended military missions in Africa and the Middle East for three months, hoping to bridge tough coalition talks and form a new government.

The world’s second-largest furniture company, German-owned, South Africa-based Steinhoff may sell its stakes in PSG Group and KAP Industrial after an accounting scandal ravaged its stock-market value. (Reuters)

Ryanair could face strikes in Germany over staff working conditions, pilots’ union Vereinigung Cockpit said. VC promised no walkouts without 24-hour notice or in the period December 23-26.

The German economy can expect a steady upturn in the last quarter of 2017, and strong GDP growth, according to the economics ministry’s monthly report.

At least one person was killed and 18 injured after an explosion at Austria’s main gas hub. Flows from the Baumgarten site to Germany, Italy and others, have been cut off.

SPD leader Martin Schulz proposed a “cooperation coalition” as a governing model. Nicknamed a “koko,” this would be a limited tie-up with Chancellor Merkel’s conservatives to agree only on certain issues. (Die Welt)

Volkswagen’s Audi has decided not to sell its Italian motorcycle brand Ducati. Cutting costs has already created “financial and organizational leeway,” said Audi CEO Rupert Stadler.

German engineering output will grow 3% in 2018 as domestic manufacturers invest in new equipment, according to industry association VDMA.

Volkswagen delivered more cars worldwide in November than ever before in a single month: just over 594,000 vehicles.

Daimler CEO Dieter Zetsche will become supervisory board chairman of German travel operator TUI pending an AGM vote in February.

One in five German pupils has smoked shisha, a study found. According to the WHO, an hour inhaling tobacco from a water pipe does as much harm as 100 cigarettes.

Currency Exchange

Return of the deutsche mark, Germany’s hidden treasure

Squirreled away in desk drawers, books and preserving jars across the country, billions of old deutsche marks await a pleasant rediscovery.

Climate Spotlight

Macron not Merkel steps up to save ‘Planet A’

The climate torch passes from Chancellor Angela Merkel to President Emmanuel Macron as world leaders gather for the One Planet Summit in Paris.

climate goals

EU Commissioner explains why carmakers must cut emissions

As Californian and Chinese carmakers zoom ahead with their e-cars – think Tesla – Europe's climate commissioner spells out what auto companies should do to keep up.

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Gallery

In case you missed it

Unrest in Berlin, two British tanks, a call to the finance sector and an addicted market.

Editors’ Pick

Electric Cars

Daimler engineers demolish rented Tesla

Two German car rental agencies are locked in a bizarre feud after Daimler reportedly rented a Tesla to inspect an American competitor.

Dive In

Chinese cuts

New measures likely in European steel

World's largest steel producer says it is now at full capacity at European plants.

KraussMaffei

Munich firm to tap Chinese market for capital

After taking over the historic engineering firm last year, ChemChina now plans to list the German company on the Shanghai Stock Exchange.

Sustainable portfolios

Ethical investment pledges by Allianz, Blackrock and rivals go up in smoke

A new study reveals cleaning up the environmental footprint of investments can still leave plenty of CO2-laden tracks.

MATTHIAS MÜLLER

VW boss does a U-turn on diesel

The CEO of Volkswagen has become an unlikely voice for phasing out diesel subsidies. He suggested that the money be put toward green driving technologies instead, a proposal that met a mixed response.

Quantitative Easing

ECB’s corporate bond buys threatened by Steinhoff accounting

When the European Central Bank went shopping for corporate bonds, it found retail giant Steinhoff. Now with the company in crisis, the bank is facing questions over what it should do with all that debt.

Life after GM

Peugeot pressures Opel to save on costs

Opel CEO Michael Lohscheller is hoping that cutting work hours will kickstart his strategic plan to stop the bleeding. Otherwise, the new French owner PSA might cut masses of jobs.

Pharmaceutical Potential

German biotechs would love to be American

The payoff is huge for German biotech companies dabbling in drug therapies, but trouble financing research keeps the country’s industry lagging.

Crisis Averted?

German business relieved over Brexit breakthrough

The preliminary accord on Britain's exit talks with the EU prompted calls from German commerce for a swift conclusion to guide companies forward.

Ask a German

Handelsblatt explains

Much about Germany is confusing or surprising to foreigners - and even to Germans. Our editors provide clarity.

Abortion

Berliners give pregnant Polish women the right to choose

As Poland restricts access to abortion, a small NGO in Berlin is helping women from across the border to make their own decisions about their pregnancies.

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