News Bites

Germany’s market for computer and video games grew 11 percent in the first half of 2017, to €1.08 billion ($1.26 billion). (Reuters)

Fiat Chrysler is joining an alliance including BMW, Intel and Mobileye to develop self-driving cars for production by 2021. (Reuters)

The German government called Ryanair’s antitrust complaint with EU and German regulators against Air Berlin receiving a bridge loan “groundless.”

Czech transport firm Leo Express and Germany’s Flixbus are taking over bankrupt private train operator Locomore. (WirtschaftsWoche)

How long Air Berlin can survive on its government bridge loan depends on passenger bookings, which declined this week, according to an insider. (Reuters)

Deutsche Bank is expanding trade financing in emerging markets in Africa, Latin America and Asia, adding 20 to 30 employees in these regions. (Reuters)

Euro zone GDP rose 0.6 percent in the second quarter of 2017, the same increase as in the US.

The proportion of women on supervisory boards of Germany’s publicly-listed companies has risen from 25% to 27.3% since 2015, when a German law set a quota of 30 percent.

Ford may sell electric vans it developed with Deutsche Post to third parties. The carmaker expects to deliver 2,500 vehicles by the end of 2018.

Finance Minister Wolfgang Schäuble said the European Central Bank’s bond-buying program was in line with its mandate. He disagrees with Germany’s constitutional court, which doubts the program’s legality and referred the case to the European Court of Justice.

Deutsche Bank appointed Thomas Patrick, its global stock trading head, as its new chief of US operations, replacing Bill Woodley.

Germany’s second-largest airline Air Berlin has filed for insolvency. The government has agreed to keep it operational with a €150 million bridge loan for the time being.

Carmakers’ proposals to reduce nitrous oxide emissions, the main chemical pollutant from diesel cars, will hardly lower air pollution, according to estimates from German environmental group Deutsche Umwelthilfe.

The German Chambers of Commerce and Industry warned of the consequences of a trade war between the USA and China, pointing to Germany’s close economic ties and trade volume of €335 billion with both countries. (Neue Osnabrücker Zeitung)

Amid tensions between North Korea and the United States, Foreign Minister Sigmar Gabriel called Donald Trump’s rhetoric militant beyond belief, adding that the whole world was shocked as to how unpredictable US policy had become. (Kölner Stadt-Anzeiger)

Germany’s Constitutional Court referred the case over the ECB’s bond-purchase program to the European Union’s Court of Justice for a preliminary ruling.

Chancellor Angela Merkel was booed and whistled at by supporters of the anti-immigrant Alternative for Germany (AfD) at a campaign rally on Monday as she sought to persuade voters to grant her a fourth term in next month’s election.

Oregon Home

Air Berlin’s Swashbuckling American Roots

Despite its German-sounding name, Air Berlin was the brainchild of two Americans who wanted to fly Germans to the sun.

Etihad Subsidiary

Air Berlin Throws in the Towel

Germany’s second-largest airline has filed for insolvency. The government will keep it alive – for now.

Dieselgate Collusion

Watchdog and Industry Accomplice?

Germany's top auto industry watchdog may have helped carmakers cheat on emissions testing.

BOND-BUYING PROGRAM

Karlsruhe Punts to Europe

Germany’s top court thinks the European Central Bank is acting illegally. So why hasn’t it done anything about it?

Editors’ Pick

Embarrassing Scandal

Neo-Nazi Soldiers

The uncovering of a far-right cell in their army has left Germans asking how many of those tasked with defending the constitution are actually its enemies.

Dive In

Safe Hands

Germany Sleepwalks into Election

The German election campaign has had a soporifically slow start. Is the chancellor trying to bore voters into maintaining the status quo?

Ask a German

Handelsblatt Explains

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

Urban Boost

Adidas Bets on Megacities

To maintain the sportswear maker's impressive growth — and catch up with Nike — Chief Executive Kasper Rorsted has tightened the group’s marketing focus to just six global cities.

sea route

Gray Area of Rescue

As people seek to reach Europe in flimsy boats and authorities move to control illegal migration, rescuers must defer to the law, writes a Handelsblatt correspondent.

Corporate Governance

Splitting Up, Spinning Off and Cashing In

Research suggests companies that prune their corporate structure for greater focus and clarity tend to get higher returns.

strong euro

Opinion

Let’s Hear it for the Euro

Our currency is stronger than it’s been in a long time. That’s good for Europe, and it’s finally putting pressure on southern European countries to implement reforms.

Europe Rebounds

A Goldilocks Economy Boosts German Profits

Two carmakers led the DAX 30 companies to record profits in the second quarter despite a growing scandal about diesel emissions

LINDE-PRAXAIR

Brobdingnag Wedding Bells

The colossal €60 billion merger of German and US gas firms received approval from the supervisory authorities to proceed.

Tourism Industry

The Risk from Britain

Political unrest on the eastern Mediterranean hasn’t dented German tour operators’ profits. But Brexit has, writes Handelsblatt’s companies and markets editor Christoph Schlautmann.

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