News Bites

President Frank-Walter Steinmeier assured Estonia that Germany would support the Baltic nation in the event of an attack. Russia plans military exercises in the region this fall.

Nearly 90 percent of Germans want to end EU membership negotiations with Turkey, according to a new a poll (Die Welt).

A federal court ruled the deportation of two Islamic terror suspects, from Algeria and Nigeria, is legal. Under German law, foreign nationals can be deported if they pose a security risk.

Health insurers achieved a surplus of €1.4 billion in the first half of this year, just €200 million less than what was collected all of last year. Their reserves rose to €17.5 billion.

Equipment manufacturers in Germany exported €82.4 billion worth of machines and tools in the first six months of 2017, an increase of 5.9 percent over last year, industry group VDMA reported.

The European Commission is taking a closer look into Bayer’s planned $66-billion takeover of seedmaker Monsanto, citing concerns over competition in the herbicide market.

Norway plans on purchasing four German-made submarines from ThyssenKrupp in 2019. According to reports, the vessels will cost the country €4.33 billion.

Germany will not be bolstering its presence in Afghanistan, despite President Donald Trump’s Monday call for more military action there, Defense Minister Ursula von der Leyen said.

Farmers are expected to harvest 44.5 million tonnes of grains in Germany this year, a decrease of 2 percent over last year due to a cool, wet summer.

The Grande Dame of German entertainment, Margot Hielscher, who defied Nazis, acted in 50 films and twice performed at the Eurovision Song Contest, passed away at the age of 97 over the weekend, it was announced Tuesday.

Germany’s investor confidence fell a stronger-than-expected 7.5 points in August, according to a monthly poll conducted by think tank ZEW, which cited anxiety about export growth and Dieselgate.

Laser specialist Jenoptik said it bought Five Lakes Automation, a US process automation specialist for the car industry, for an undisclosed sum.

Discount grocer Lidl is outperforming homegrown supermarket chain Waitrose in Britain, increasing its market share to 5.2 percent and closing in on archrival Aldi’s 7 percent market share, a Nielsen study showed.

BMW had the highest profit margin of all carmakers worldwide, taking in 11.3 percent of profit on €49.25 billion in revenue in the first half of 2017, followed by Suzuki, Daimler, GM and VW, an EY report showed.

German rockstar Udo Lindenberg told Facebook fans he is working to stop travel agency TUI from offering the Faroe Islands as a cruise destination because of the isle’s whale hunting.

Foreign Minister Sigmar Gabriel’s wife has been personally threatened by Erdogan supporters after he warned the Turkish president to butt out of the German election race. (Rheinpfalz)

VW manager Wendelin Göbel, a confidante of Chief Executive Matthias Müller, is expected to become an executive board member at Audi, sources said. (Süddeutsche Zeitung, NDR, WDR)

German income disparity is increasing: The 40 percent lowest earners are being paid less and have less purchasing power than they did in 1995, a report by the Economics Ministry said.

It was time for EU member states to consider “strategic consequences” in response to Turkish President Recep Tayyip Erdogan’s growing belligerence, an EU commissioner said. (Süddeutsche Zeitung)

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HIVEMIND MENTALITY

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Creditor Talks

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Air Berlin is trying to manage its breakup to ensure that as many of its 8,000 employees retain their jobs as possible.

Duplicate IDs

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Prosecutors in Bavaria have found documents showing thousands of Audi vehicles were exported to Asian countries with the same identification number.

Balkan Rivalries

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Turkey

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