A man in small-town Thuringia crawled under a bed to hide from police who had a warrant for his arrest. But he got stuck, requiring the help of police, who were all too happy to oblige. (Spiegel)
Christian Bittar, a former star trader at Deutsche Bank, was sentenced to five years and four months in prison for his role in fixing interest rate benchmarks. (Reuters)
Spain has withdrawn its extradition requests for ex-regional president Carles Puigdemont, who is in Germany, and other Catalan separatist politicians.
After Mark Zuckerberg told the tech site Recode that he wouldn’t delete Holocaust deniers’ posts, Germany’s Justice Ministry said Facebook must follow European law, which considers such posts hate speech. (Reuters)
German fintech company Creditshelf went public, raising €16.5 million.
On this day 30 years ago, Bruce Springsteen played to a crowd of hundreds of thousands of East Germans in Berlin, the largest concert the DDR ever had. See archival photos at Tagesspiegel.
Commerzbank is building a “new Silk Road” with China’s ICBC. The two agreed to cooperate on $5 billion in projects in the next five years.
Valsartan, a blood pressure medication, is facing recalls worldwide because of carcinogen contamination fears. Nearly half of the 2.3 million drug packages delivered to Germany in the first three months of 2018 are affected.
Galeria Kaufhof faced €30 million in losses in its first quarter, insiders told WirtschaftsWoche. The department store may merge with rival Karstadt.
One third of German businesses could not fill all their apprenticeship slots last year, per a survey by the German chambers of industry and commerce.
Financial investments in Germany are the strongest they’ve been since the financial crisis, said EY, reaching €10.7 billion in transactions for the first half of this year. (Reuters)
German arms industry exports to Middle East crisis regions have nearly doubled in the past five years, with the support of more than €9 billion in credit from domestic banks. (WDR)
Berlin authorities have seized 77 properties worth more than €10 million connected to a crime family. Police believe they were bought with wrongful gains. (Spiegel)
Praising the changes at the top of ThyssenKrupp, activist investor Elliott is pushing for a fast outside hire to fill the recently vacated CEO seat.
The European Central Bank likely won’t increase the prime lending rate from its current 0% until the third quarter of 2019, economists said in a Reuters survey.
The Ifo Institute criticized the new protective EU tariffs, to be imposed on steel and aluminum imports, as more harmful than useful.
Autism research on nightingales, supported by €1.5 million in EU funding, has drawn protests in Berlin. Animal rights activists collected 125,000 signatures on a petition against the experiments. (Tagesspiegel)
Police have identified multiple Russian suspects in the Novichok poisoning of former spy Sergei Skripal and his daughter, according to British media.
Germany’s constitutional court declined to hear an environmentalist group’s case against the Nord Stream 2 pipeline.
New figures from Eurostat show one in six Germans couldn’t afford to go on vacation in 2017. On the upside, five out of six Germans will still be getting territorial over deck chairs.
German President Frank-Walter Steinmeier said US President Donald Trump is creating new risks with his politics. If it continues, Europeans must find a new self-awareness. (PNP)
The southern city of Mannheim is electing a “night mayor” to better serve its nocturnal residents and represent its club life. (dpa)
Jailed former Audi CEO Rupert Stadler is no longer speaking with prosecutors. He cooperated when he was first arrested but has since had a change of heart, the prosecutors’ office said.
Innogy has given up its resistance to being taken over and broken up by E.ON, with E.ON keeping the network and electricity distribution operations and selling back the renewable energy business to RWE.