News Bites

German steel giant ThyssenKrupp and India’s Tata Steel agreed the first stage of a deal to merge their European operations, a move which will create the continent’s second-biggest steel producer.

ThyssenKrupp CEO Heinrich Hiesinger said further acquisitions beyond Tata were possible, including in new areas where the company isn’t yet active. “We are looking at all options,” he told Handelsblatt.

Investor Warren Buffett plans to acquire more companies in Germany, and not just small and medium-sized enterprises. “The larger the better,” he said in a brief interview with Handelsblatt.

The number of absentee votes submitted in Germany’s parliamentary elections is set to hit a record high, with nearly all federal states reporting an increase in demand. (dpa)

Finnish utility Fortum confirmed it is in advanced discussions about buying energy company E.ON’s 46.65 percent stake in its fossil-fuel spin-off Uniper. The deal would value Uniper at more than €8 billion.

Italy’s Unicredit has signalled to the German government its interest in acquiring Commerzbank, two sources told Reuters. Berlin still holds about 15 percent of Germany’s second-largest bank, which had to be bailed out in the financial crisis.

Deutsche Börse CEO Carsten Kengeter is losing the support of the exchange group’s supervisory board, a source told Reuters. Prosecutors, meanwhile, are seeking a €500,000 settlement with him to end an insider trading probe, according to WirtschaftsWoche.

Claims that Moscow is meddling in Germany’s elections are “absolutely fake” and the result of paranoia, Russian Foreign Minister Sergey Lavrov said.

Germany’s government adopted a broader definition of anti-Semitism and promised a “resolute and consistent battle against every form of anti-Semitism.”

German household appliance manufacturer Vorwerk has acquired California-based Neato, a maker of robot vacuums. The companies did not announce a price.

Lufthansa’s budget airline Eurowings has agreed a deal with unions to hire new cabin crew at short notice from rivals such as bankrupt Air Berlin.

Wholesalers expect revenues to increase by up to 3.5 percent to a record-high of €1.184 trillion in 2017, German foreign trade association BGA said.

Swiss power firm ABB will deliver 117 electric vehicle charging stations to German utility EnBW, which plans to ditch fossil fuels and focus on renewables.

A family of Iraqi refugees who found a bag containing €14,000 on the Berlin subway handed it in to police. The cash was later reunited with its elderly owner.

The number of Germans working on Sundays, when most businesses traditionally close, increased by 5 percent between 2013 and 2016. (Rheinische Post)

Strong economic growth is expected to continue in the euro zone in the third and fourth quarter of 2017, with three economic institutes forecasting a GDP increase of 0.6 percent.

The far-right Alternative for Germany party is making the most electoral noise on Twitter, with a study linking it to 30 percent of election tweets.

Britain will offer to pay the EU €20 billion as part of its Brexit settlement, British officials have told Angela Merkel and other EU leaders. (Financial Times)

Mittelstand and More

Warren Buffett on German Acquisitions: The Larger the Better

The Oracle of Omaha has long had his eye on Germany, but struggled to get a foot in the door. His latest comments to Handelsblatt suggest he hasn't given up yet.

European Banking

Numero Uno May Bid for Nummer Zwei

Italy’s UniCredit is reportedly eying a takeover of Germany’s Commerzbank in a cross-border merger that just might make sense.

German-Turkish Relations

Burn Bridges at Your Own Risk

The Turkish president sacrificed his relationship with Berlin to consolidate his power. After the German election, he’ll realize that Turkey needs Germany more than the other way round.

Franco-German Relations

Concerns Over a Lethargic Friend

France fears political stagnation in Germany could harm its own transformation, writes Handelsblatt's Paris correspondent.

Editors’ Pick

political satire

Pranking the Parties

Drag queens and comedians have made a mockery of this year's German election — but their message is much more serious than their means.

Dive In

News Gallery

In Case You Missed It

A not-so-boring election, a Facebook slip-up, rebuking Trump (again) and harvest time.

Election Coverage

Germany Votes

Read our political coverage ahead of Germany's vote on September 24.

Family-business IPOs

The Third Way

Germany's family-owned businesses are increasingly moving to part-family, part-public ownership to raise cash and improve governance without giving up control.

Tarmac Tussle

British Airways, Lufthansa in Air Berlin Bidding War

With proposals due for review on Thursday, two main contenders have emerged to clinch well sought-after parts of the insolvent group.

Ask a German

Handelsblatt Explains

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

Ex-Party Leader

Is Sigmar Gabriel Germany’s Bernie Sanders?

The Social Democrats are struggling to regain their voter base among working class Germans and may have chosen the wrong man to lead the fight.

Car Supplier

Knorr-Bremse Mulls IPO

Knorr-Bremse, the world’s largest maker of brakes for trucks and trains, is considering selling a minority stake in the company and listing it on the stock market.

handelsblatt explains

German Political Parties

On September 24, Germans won't choose their chancellor directly. Instead they will vote for political parties — and there are 34 of them. What are they fighting for, and how?

Merkel's Diplomacy

A North Korean Mediator?

Germany wants to play a bigger role in North Korea, and bring a dose of realism to the talks. Whether they can get anyone to listen is another matter.

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