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Seehofer makes a German immigration plan on his terms

Germany may finally have an immigration law. As the shortage of skilled labor grows, Berlin would like to cut red tape for jobseekers.

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News Bites

The European Central Bank will present its new €100 and €200 notes on September 17. The new money is harder to forge.

Weimar’s art festival opened today, celebrating 100 years of Bauhaus with shows and exhibitions about the design movement that started there.

Berlin and Athens agreed that Greece will take back refugees who have already registered in the Mediterranean country, as Germany toughens its asylum policy.

Berlin will miss its target to renovate public buildings to make them more heat-efficient. The aim was to cut usage by 20% by 2020. (Rheinische Post)

Ms. Merkel said there wouldn’t be a repeat of the 2015 influx of refugees into Germany. In Saxony, where people oppose her policy, the chancellor emphasized that rejected asylum seekers would be deported faster.

The Montenegrin premier, Duško Marković, visited German Chancellor Angela Merkel on Friday. The pair discussed the criteria and prospects for Montenegro to join the EU.

The heatwave has led to a proliferation of lion’s mane jellyfish in the Baltic Sea, prompting some beaches to ban swimming.

VW gained access to the files of the Braunschweig authorities on July 19, DPA has learned. The company faces ongoing investigations and lawsuits about Dieselgate.

A record 4.6 million people took part in an EU survey about whether clocks should go forward in summertime.

Several Volkswagen workers might be fired immediately due to their association with the Dieselgate scandal and are preparing to take legal action. (Bild am Sonntag)

In July, annual inflation in euro zone rose to 2.1% from 2% a month earlier, just above the European Central Bank’s medium-term target.

Four Volkswagen managers and engineers told investigators at Braunschweig that Martin Winterkorn, the former VW boss, and current CEO Herbert Diess, were notified earlier about systematic emissions cheating than both have admitted. (Spiegel)

Hundreds of Korean car owners want to sue BMW boss Harald Krüger, after a spate of engine fires. The company has apologized but customers say BMW tried to conceal the defect.

Verdi, a German labor union, called for a nationwide contract to stop wage dumping in the eldercare sector.

Banks in the euro zone expect demands for loans among companies and households to rise in the third quarter, due partly to easier credit terms. (Reuters)

Germany’s Alexander Gerst started training with a humanoid robot at the space center in Wessling, Germany. ISS astronauts will work more with robots in the future.

Despite the accident on Friday at Rostock, the ADAC, Germany’s biggest motoring club, said bus travel is safe.

A highway accident outside the coastal town of Rostock left 16 people injured, some of them severely. The Flixbus was traveling from Sweden through Denmark to Germany.

Bavaria’s commissioner for anti-Semitism wants to set up an Israeli-Bavarian foundation for young people, which would include a helpline and an ongoing round-table discussion to address prejudice.

Clemens Fuest, head of the Ifo economics institute, expressed concern about Italy’s talk of leaving the EU and the ensuing danger to the euro zone. (Börsen-Zeitung)

Chancellor Merkel rejected calls to speed Germany’s exit from lignite coal for power generation, echoing the coal board’s concerns about the impact on workers.

Lanxess boss Matthias Zachert doesn’t want to be ThyssenKrupp’s next chief executive, sources told Reuters. The embattled steelmaker’s CEO, Heinrich Hiesinger, resigned last month ahead of the merger with Tata Steel.

The German Bishops’ Conference rejected accusations that Catholic churches hadn’t been transparent enough about cases of sexual abuse, after politicians said some hadn’t opened their archives for a study.

After seven illegal repatriations this year, Green Party politicians said too many people are being wrongfully deported. The German government is trying to bring back five of them.

Germany’s Bundeswehr will send 8,000 soldiers, 200 tanks and 2,000 vehicles to the Trident Juncture NATO maneuver in Norway that runs October 25 through November 7.

German politicians continue to argue about the return of Sami A. after he was deported despite a court ban. He is suspected of having worked for Al Qaeda as a bodyguard but could face torture in Tunisia.

Interior Minister Horst Seehofer’s new draft for an immigration law was greeted by business and politicians alike, amid a shortage of skilled labor and given Germany’s aging population.

Mexican farmers blamed VW for the drought affecting their fields near the carmaker’s plant in Puebla. VW has been using sonic cannons to prevent hailstorms after storms caused $20 million of damage last year to new cars in its parking lot.

German Chancellor Angela Merkel will meet Russia’s Vladimir Putin outside Berlin on Saturday. They will discuss Ukraine, Syria, and natural gas, and likely also Trump, the US trade war and the situation in Turkey.

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A German passenger jet operated by Condor Airways en route from Egypt to Düsseldorf was forced to land in Greece after a bomb threat. The 273 passengers were safely evacuated. (Deutsche Welle)

Niger, one of the refugee transit countries in Africa, wants more military aid from Germany. President Mahamadou Issoufou asked for help in combating terrorism and organized crime during a visit to Berlin. (Reuters)

Deutsche Bank’s fund management group, DWS, was hit by the withdrawal of about €5 billion by Cisco Systems as it repatriated profit to the US in the wake of the corporate tax reform there.

Cevian, the second-largest shareholder in ThyssenKrupp, may seek a second director on the board, sources told Reuters, as the conglomerate grapples with strategy and the need to replace the chairman and CEO.

chinese investment in germany

Clearance sale?

Europe must be less defensive about Chinese investment

The EU should focus instead on improving its internal market to help companies compete with China, a technology management expert writes.

Difficult births

Same-sex German couples forced abroad for fertility treatments

Assisted reproduction is increasingly a reality in Germany, but the country’s laws have not kept up. One effect is to force many same-sex couples to go overseas to seek fertility treatment.

machine learning

German insurers follow global trend to AI

Algorithms and supercomputers are revolutionizing the insurance industry. Germany has no intention of being left behind.

€200,000 minimum

Fintech promises to give small investors access to private equity

Berlin's Moonfare uses an internet interface to bundles client money for investing in buyout funds that promise impressive returns.

Editors’ Pick

Handelsblatt Explains

Why Germans take their vacations so seriously

It's hard to get much done in Germany during August because Germans consider holidays a human right. An investigation into the undeniable earnestness of the German vacation.

Dive In

Bin Laden ‘bodyguard’

Court orders deported terror suspect Sami A. be returned to Germany

The court’s decision to bring back the alleged Al Qaeda sympathizer from Tunisia pits politicians against judges in a case that stretches “the limits of the rule of law.”

Ketchupgate

VW employees reject new currywurst ketchup

The world's biggest carmaker had to get a new ketchup supplier for the trademark dish in its plant cafeterias. Workers are not impressed.

Daily briefing

Nanny state in nursing care? No prob

An upstart fintech outstrips Deutsche, while Germany is girding its creaky grid. Plus, a storm about a sausage made in Wolfsburg. Our daily briefing on August 16, 2018.

Research or perish

Auto industry leads German R&D spending in high-tech era

But US tech giants continue to top the global rankings as they leverage investment into strong growth and higher stock prices.

Wired for trouble

Germany seeks to avert renewables overload by expanding the power grid

Economics Minister Peter Altmaier is pushing for rapid expansion of Germany’s power grid to cope with the switch to renewable energy. Don’t hold your breath.

The freight game

How China put Duisburg back on the trade map

Back from the dead, the former Ruhr steel hub is fast becoming the main European stop for Chinese goods arriving on the new Silk Road, challenging Hamburg's dominance as Germany's premier port.

David vs Goliath

Little-known fintech Wirecard overtakes Deutsche Bank

Wirecard, a rising fintech star, is now worth more than staid old Deutsche Bank. Next, the startup may displace Commerzbank in the DAX index.

Rain or shine

Germany’s renewable energy production defies fickle weather

The recent unpredictable weather is a reminder of renewable energy's variability, prompting coal proponents to argue Germany shouldn't abandon conventional fuels. But heat waves don't play favorites.

Cheap digs

European cities move to restrict Airbnb rentals

Berlin, Barcelona, Amsterdam are among cities setting limits to availability and requiring registration and reporting from renters.

No Schadenfreude

The West shouldn’t revel in Erdogan’s misfortunes

Turkey is teetering on the brink, almost as if karma finally caught up to President Recep Tayyip Erdogan. Still, it is not the right for Europe to gloat about the power-hungry leader’s troubles, writes Handelsblatt’s Jens Münchrath.

Lira Losses

German companies uneasy with Turkey’s seesawing lira

As currency fluctuations shake Turkey, German companies with operations in the country are wondering what, if anything, they could do.

Ask a German

Handelsblatt explains

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

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