Chancellor Merkel pledged financial aid for border control to Italian Prime Minister Giuseppe Conte as he visited Berlin, but she demanded solidarity on EU immigration policy in return. (dpa)
The number of migrants crossing the outer border of the EU illegally dropped by more than half in May, the Frontex border control reported. Illegal entries were down 56% in the month to 12,100. (Reuters)
German cellular services provider Freenet said it’s willing to sell its 24.6% investment in Swiss rival Sunrise Communications. The stake was to help the company reduce its dependence on Germany. (Reuters)
Interior Minister Horst Seehofer has agreed to give Chancellor Angela Merkel until July 1 to reach a solution on immigration with other European countries, ending a contentious stand-off that threatened Germany’s governing coalition.
The number of asylum applications in Germany plummeted 70% last year to 222,560, according to the Easo European asylum authority. Europe-wide the number dropped by 44%. Germany had the most applications followed by Italy and France.
Germany’s 110 public health insurers had €416 million in profit in the first quarter as income rose 2.6% and costs increased 2.5%. The profit is less than the €612 million in the first quarter of 2016 but will prohibit rate increases.
Bram Schot, the head of sales and marketing at Audi, is to become the company’ interim CEO. Audi CEO Rupert Stadler was arrested and denied bail on Monday morning as part of Dieselgate investigations.
German President Frank-Walter Steinmeier is on a three-day US trip to open the Thomas Mann house in Los Angeles. The German author lived there in exile during the 1940s. The government bought the house in 2016.
The Green party would consider a coalition with the center-left SPD and Chancellor Merkel’s conservative CDU if a tiff over asylum sparked the exodus of the CSU, the CDU’s sister, Greens co-chief Annalena Baerbock said.
Interior Minister Horst Seehofer wants to bar asylum seekers from entering Germany if they lack permission to re-enter the country. He will refrain from taking further steps against refugees until after an EU summit to compromise in an asylum spat with Chancellor Merkel.
The celebration when Mexico scored the only goal in Sunday evening’s match against Germany appeared on seismological equipment as a minor earthquake in Mexico City, according to the SIMMSA seismological organization.
Germany’s central bank, the Bundesbank, is against a Federal Reserve suggestion to increase inflation targets to more than 2% to provide more regulatory leeway. Financial markets can lose control of inflation, the bank said.
A Munich judge denied Audi CEO Rupert Stadler bail out of fears he may destroy evidence. He is the highest-ranking executive arrested in an ongoing investigation of emissions cheating equipment on diesel cars.
The German soccer association cancelled a Monday press conference with the national team after a surpise 0-1 loss to Mexico in the World Cup on Sunday. (Der Spiegel)
An alleged refugee from Afghanistan went on trial for murder on Monday, accused of stabbing his 15-year-old girlfriend to death in a drugstore in Kandel in December. Authorities are unsure of the suspect’s age.
Rupert Stadler, the CEO of VW’s Audi luxury division, was arrested Monday morning, according to a VW spokesman. The CEO has become a central figure in Dieselgate investigations in Germany.
Lufthansa is in talks to buy discount rival Norwegian to benefit from Norwegian’s experience in discount, long-haul flights. Norwegian is 4% owned by British Airways parent IAG after an approach failed over price. (Süddeutsche Zeitung)
Hamburg biotech Evotec will take over and further develop the infectious disease unit of French rival Sanofi. Evotec will get €60 million from Sanofi and in return give Sanofi the right to medicines developed from the move.
Both the CDU and CSU are meeting today to discuss an immigration battle between Chancellor Merkel and Interior Minister Seehofer. Ms. Merkel’s CDU will hold a press conference at 2 p.m. Berlin time.
Supermarket chain Rewe Sunday removed a tweet criticized as insensitive. Prior to the Mexico-Germany match, the company tweeted, “Watch the Mexicans warm up? You can also watch them in the oven.” It then linked to a Mexican pizza.
Warm weather made Germany’s national delicacy, white asparagus, cheaper during the week of Pentecost than it’s been for four years. At an average cost of just under €6 per kilogram, Spargel was cheaper in 2018 than in 2017, according to the agricultural information society.
No defending European World Cup holder has made it past the group stage since 1998. France, Italy and Spain all choked when trying to defend their title. Cup-holder (and non-European) Brazil advanced in 2006.
Environment Minister Svenja Schulze will convene a meeting with representatives of energy-intensive business sectors in early July to discuss a new plan for curbing CO2 emissions. Germany has admitted it will miss its CO2 goals for 2020.
Finance ministers Olaf Scholz of Germany and Bruno le Maire of France achieved “real progress” on EU reforms in Hamburg over the weekend, according to EU sources. German business lobbies warned against more cross-border fiscal guarantees.
Just over half of German companies operating in the United States plan new investments and hiring because of US corporate tax reforms passed late last year, according to an AHK survey. (WirtschaftsWoche)
Interior Minister Horst Seehofer reportedly told CSU party officials that “I can no longer work with that woman” in reference to Angela Merkel, as a standoff over asylum policy continued. (Welt am Sonntag)
Employer association BDA in a new position paper said artificial intelligence offers “enormous opportunities” for companies and workers in Germany. It cautioned Berlin not to curb progress over future-of-work concerns.
Hans-Eckhard Sommer, an official from Bavaria’s interior ministry, will reportedly take over as head of Germany’s refugee agency BAMF. Interior Minister Horst Seehofer fired BAMF’s current head Jutta Cordt on Friday over an ongoing asylum scandal.
Austrian real-estate investor René Benko will acquire furniture chain Kika/Leiner from its bankrupt parent Steinhoff for €550 million plus €100 million in debt.
Bavaria’s CSU is likely to give Angela Merkel more time to reach a European solution to the refugee crisis, the CSU’s deputy party head said, temporarily setting aside a crisis that had threatened to topple the German chancellor.
Canadian investment bank RBC Capital Markets plans to double its Frankfurt staff to 40 peiple, turning the bureau into a European hub in light of Brexit.
If elections were held today, Germany’s “grand coalition” would fail to get a majority. Christian Democrats would win 30 percent and the Social Democrats 16 percent, according to a Forsa poll.