News Bites

The far-right Alternative for Germany (AfD) introduced its first bill into parliament, seeking to block some refugees from bringing close relatives out of war-torn countries to join them. (Deutsche Welle)

Amid pressure from investors, ThyssenKrupp CEO Heinrich Hiesinger told Handelsblatt, “We will sharpen the strategy for the whole company and also adjust our financial targets.”

Germany and France plan to introduce a joint Bitcoin regulation proposal at the G20 summit in March. (Reuters)

Despite declining demand for diesel cars, Mercedes-Benz sold more of them in 2017 than the year before, CEO Dieter Zetsche said. (Reuters)

Germany’s outgoing foreign minister Sigmar Gabriel plans to visit Israel at the end of January. He’s hoping it goes better than last time. (DPA)

Potsdam prosecutors accused several doctors of defrauding a local hospital and stealing as much as €3.8 million by colluding with pharmacists to double-bill for an expensive medication. (Die Welt)

Rocket Internet plans to take online furniture retailer Home24 public in early summer, according to insiders. (Manager Magazin)

Storm Friederike is lashing central Germany with hurricane-force winds. At least four people have been killed by falling trees, and Deutsche Bahn has canceled rail service nationwide.

Embattled furniture maker Steinhoff scraped together €60 million of the €200 million it needs to stay afloat from South African financiers. (Reuters)

The EU Commission approved Qualcomm’s $47 billion takeover of Dutch semiconductor maker NXP, with conditions to help maintain competition. (Reuters)

Bosch opened a digital campus in Berlin to explore the Internet of Things, seeding it with €3 million and 250 employees. (DPA)

The proportion of non-performing loans has dropped, but the EU still holds €950 billion worth of bad loans, the EU Commission reported.

US tax reforms burned Deutsche Bank, but insurer Allianz stands to profit: The company expects to save hundreds of millions of euros.

Reducing greenhouse gas emissions by 80% by 2050 would cost €1.5 trillion, according to a report by Germany’s industry federation BDI. A 95% decrease would require a €2.3 trillion investment.

Dubai-based Emirates has signed a $16-billion deal with European plane-maker Airbus for 36 additional A380 aircraft, in a move that could help protect the future of the troubled superjumbo program.

Germany’s leadership in the world now tops that of the US, whose approval under President Donald Trump has dropped to a new low, according to a new Gallup report.

Automotive supplier Continental plans this year to list one of its subsidiaries as part of a restructuring that could see the group split into three units, according to supervisory board chairman Wolfgang Reitzle. (Manager Magazin)

Iran’s central bank has filed a complaint against Deutsche Börse subsidiary Clearstream, seeking restitution of assets worth about $4.9 billion. The German stock-exchanges operator said it will “vigorously contest the claims.”

Few German users receive the internet speeds promised by their service providers, according to a report by Federal Network Agency. For nearly 30 percent of users, speeds were less than half of what was listed in their contracts.

Postbank Merger

Deutsche Bank staff stampede toward exit with voluntary buyouts

Bank’s effort to trim retail workforce has met with more enthusiasm than anticipated.

Emirates order

Airbus superjumbo wins reprieve

The double-decker A380 lives to fly another day after Airbus agreed an 11th-hour deal with Persian Gulf carrier Emirates.

Restructuring Expert

Deutsche Telekom to break up T-Systems after failed sale

A former IBM manager who now heads the telecom operator’s loss-making subsidiary wants to divide it into two separate units. Talks to merge part of the business with Atos Origin failed over the summer.

Transparency Troubles

What the MiFID II? German watchdog merciful as banks struggle with new rules

New EU financial rules that came into force this year are giving bankers sleepless nights because they're so difficult to implement. Germany’s top regulator is giving them leeway to sort out teething troubles.

Editors’ Pick

North-South Alliance

A Franco-German proposal for the euro zone, economist style

A group of academics from Europe’s two largest economies have tried to bridge some of the deep-seated differences to reforming the euro zone. Politicians may follow suit.

Dive In

News gallery

In case you missed it

Youth meets experience, an illicit gambling den in an old folks’ home, China powers past German e-car makers and time to batten down the hatches.

German Stocks

How long can the DAX boom last?

This year, the German benchmark index could hit an all-time high of 14,000 points. Despite these record-breaking prospects, experts warn winter is coming.

Corruption Cloud

SAP embroiled in South African corruption allegations

German software group SAP and consultants KPMG and McKinsey face accusations of exerting undue influence to secure government contracts in South Africa.

central banks

Cheap credit, not quantitative easing, boosts economies

Europe's economic recovery started long before the ECB's bond buying because low interest rates are what matters, argues Daniel Gros.

Picam Affair

Fraud concerns mount as Berlin money manager halts payouts, muddles message

Prosecutors probe murky group as money trail leads to Switzerland, Liechtenstein, Luxembourg and Gibraltar.

Lidl Markets

German chain pushing down US grocery prices

While the German grocery giant is having great success in lowering prices, it is finding expansion in US much more difficult than envisaged.

Even Richer

Tax cuts fuel German inequality

An untimely report reveals that Germany's wealthiest 10 percent are getting richer at the expense of the less well off. Researchers say lower taxes are to blame, and reform is needed to tackle the imbalance.

A rough guide

Calculating property tax in Germany

Outdated, unnecessarily complex and unequal: That's how critics describe current German property tax.

Watching Watchdogs

ECB bank supervisors scolded by European auditors

The European Central Bank is failing in its bank oversight duties, EU auditors contend. Their latest report highlights a long-running dispute over how much independence the ECB should have as a bank watchdog.

Youth Meets Experience

Austria’s 31-year old chancellor meets the leader of the free world

Sebastian Kurz is in Berlin to convince Angela Merkel that he’s pro-European. But the German leader also needs Austria's rising star, who has the ear of Eastern Europe’s populists.

No go GroKo

A minority government led by Merkel could rejuvenate Germany

Forget a lackluster, sleepy grand coalition between the major parties – a minority goverment led by Angela Merkel's conservatives has a real shot at enacting reforms Germany desperately needs.

Higher education

For Germany’s students, life is expensive

Even though universities don't charge tuition fees, degrees in Germany are far from free. As living and rental costs soar and less financial aid is available, many are strapped for cash.

Cold feet

Trump’s threats on nuclear deal hit German business in Iran

German banks shun investments in Iran amid Donald Trump’s bid to kill off the landmark nuclear pact with Tehran. In turn, German firms lose out to European competitors or Asian rivals.

EU Strategy

Clearing Europe’s beaches of plastic trash

Among the proposals for reducing trash are a new tax on plastics and ramped up efforts to incentivize recycling.

Allfinanz Comeback

Deutsche Bank partners with tech firm to offer online insurance product

Germany’s largest bank is harnessing digital technology to make a success of the banking and insurance combination.

Ask a German

Handelsblatt explains

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

Mending Fences

New Eurogroup chief sees positive signals from Germany

As of this week, Portugal's Mário Centeno chairs the euro zone’s steering committee of finance ministers. He spoke to Handelsblatt about why Germany needs to get its act together and form a government.

Mercedes-Benz First

German carmakers shrug off Trump’s warnings

Forget Donald Trump’s threats to BMW, Mercedes-Benz and VW: German car sales in the US thrived last year and Mexican production is alive and kicking.

1960s Nostalgia

Trump’s car policies show he’s living in the past

In President Donald Trump's era, the US car industry is more backward-looking than ever. His policies could sedate the companies, especially Fiat Chrysler, into indolence.

Healthineers launch

For Siemens’ major medical IPO, lots of growth, but no adventuring

German healthcare giant, Healthineers, will launch Germany’s biggest IPO in over 20 years. CEO Bernd Montag talks about his vision, potential future acquisitions and his management style in an exclusive interview.

SME Power

Mittelstand

Volkswagen, Bayer and Adidas are household names. But more than 95 percent of Germany's economy is generated by lesser-known firms that aren’t listed on the blue-chip DAX Index.

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