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Commerzbank, Germany’s second-largest bank, halted an advertising campaign on Facebook following the scandal over its use of personal data.
A poll found 47% of Germans say Islam “belongs to” Germany, while 46% disagreed. The survey took place after a conservative politician questioned Islam’s place in the country, launching a broad debate. (forsa)
All EU states and six other countries will be exempt from new US tariffs on steel and aluminum, according to the US trade envoy. The levies are due to take effect on Friday.
Germany will achieve record employment this year, with nearly 45 million people in work, the employment office said. There are 2.33 million jobless, the lowest number since reunification in 1990.
Hans Van Bylen, chief executive of cosmetics firm Henkel, will become head of Germany’s chemicals-industry association in September. He will succeed BASF boss Kurt Bock.
Following the scandal about the use of personal data by Facebook and Cambridge Analytica, members of the German government said they will tighten the country’s already strict data protection laws.
Authorities cracked down on customs fraud related to imported Chinese solar panels. Raids took place across Germany, and 11 people were arrested in Nuremberg. (dpa)
Leaders from across the EU met in Brussels to discuss trade, taxes, the US and Russia. The summit continues tomorrow.
Dividends paid by DAX firms, Germany’s 30 blue chips, jumped by 15% in 2017, calculated EY, a consultancy. The total is about €36 billion. (dpa)
Justice Minister Katarina Barley asked Facebook’s European bosses to meet her next week to discuss the data scandal. (Reuters)
Thanks to gushing tax revenues, Germany will borrow €2 billion less that anticipated, the federal finance agency reported.
A court ordered Bosch to disclose communications about software it supplied to VW that enabled the carmaker to manipulate emissions. The documents date back as far as 2007.
Ticket company CTS Eventim recorded revenue of more than €1 billion last year, up 25% on 2016. The Bremen-based firm is listed on the MDAX mid-cap index. (dpa)
Energy company EnBW surpassed €2 billion in earnings in 2017, after recording losses of €1.8 billion the year before. (Reuters)
The Markit Purchasing Managers’ Index for Germany dropped to an eight-month low of 55.4, probably because of a serious flu wave across the country in March.
ZF Friedrichshafen‘s new CEO, Wolf-Henning Scheider, plans to spend more than €2 billion researching and developing electric and autonomous vehicles in 2018. (Reuters)
The Ifo business climate index fell for the second month in a row, from 115.4 points to 114.7. The Munich-based economic research institute surveys 7,000 German managers each month. (Reuters)
Commerzbank is working on an international banking platform to serve EU clients, insiders said. (WiWo)
LinkedIn said it will open a second office in Germany this year, adding 20 workers in Berlin. The social network for careerists has had an office in Munich since 2011. (WiWo)
A record €11.2 billion in solidarity taxes was redistributed from the richest German states to the poorest in 2017, 5.3% more than the previous year.
The latest addition to the Internet of Things: Truck tires made by Continental will keep track of pressure and temperature via Vodafone’s network to avoid flats and accidents. (dpa)
Little LED traffic light images of Karl Marx will soon guide pedestrians across streets in his birth place of Trier to honor the philosopher’s 200th birthday.
Germany’s blue-chip DAX index rebounded from a pre-market dip after the US Federal Reserve’s quarter-point interest-rate hike on Wednesday.