Suspecting that software was used to manipulate emissions of 95,000 Opel cars, police in the central German state of Hesse raided the carmaker’s offices. Up until now, the carmaker was left out of Dieselgate investigations.
Porsche unveiled test versions of their new electric sportscar Taycan at an event in Stuttgart. Sales will begin next year.
Germany’s federal, state and municipal governments had a surplus of €26.8 billion in the first half of 2018. This is four times the surplus reported in the first six months of 2017, the statistics office said.
About 4,000 RWE employees blocked the entrances to strip mines and power plants in the Rhineland to protest possible job cuts. A judge this month halted mining at the Hambach Forest.
Italian Interior Minister Matteo Salvini, leader of the right-wing Lega party, tweeted that the Bavarian election was a protest again Chancellor Merkel and the European Union.
Interior Minister Horst Seehofer said he would not resign as head of the Bavarian Christian Social Union after the party’s disastrous loss in Sunday’s state election.
The number of people who immigrated to Germany versus those who emigrated away from the country fell last year over 2016, according to the statistics office. Last year, a net 416,000 people moved to Germany compared to 500,000 in 2016 and 1.1 million in 2015.
Due to a technical error at the Frankfurt stock exchange, trading had not yet begun on Monday morning as of 10:15 am. The exchange does not know when trading will start.
Berlin fintech Penta raised €7 million in a Series A fundraising round, primarily from Madrid venture capitalist Inception Capital. Penta specializes in bank accounts for small- and medium-sized businesses.
Productivity in German industrial manufacturing plants is lower than before 2009. Digital innovation hasn’t helped boost productivity and the Netherlands, Austria and Sweden outpace Germany. (Rheinische Post)
China’s HNA, which owns 7.6% of Deutsche Bank, is considering selling or listing its IT unit Pactera to pay off creditors. HNA bought Pactera for $675 million in 2016.
Clothing chain C&A cut its European board from seven members to three in order to become more competitive with rivals like Aldi, Primark and H&M.
Health Minister Jens Spahn has committed €115 million over four years to the World Health Organization. The contribution will be announced during the World Health Summit in Berlin.
An 8-year-old boy was killed in Berlin Sunday after being hit by a log that was thrown out of a 15-story-high apartment building. Police don’t know if it was an accident or intentional.