VW’s truck unit Traton announced a strategic partnership with US software firm Solera to provide networking, fleet management, driving services and sales assistance in its vehicles. (DPA)
Former Austrian Chancellor Christian Kern is stepping down as opposition leader and leaving politics, the Social Democratic party said. Conservative Sebastian Kurz succeeded Mr. Kern as chancellor after winning the November election. (DPA)
The head of Germany’s domestic security agency, Hans-Georg Maassen, will be removed from that post after controversial remarks about the Chemnitz riots, and will now become a state secretary in the interior ministry.
Jet Deutschland, a chain of gas stations, is suing German banks for charging annual debit-card fees.
Nestlé is selling Gerber Life Insurance for $1.55 billion to Western & Southern Financial Group, a financial services provider from the US.
Three weeks after the deadly attack in Chemnitz that sparked riots, one of the suspects, a 22-year old Iraqi asylum seeker, has been released from custody after no concrete evidence could be found. (SZ, NDR)
Morphosys, a maker of cancer drugs, will expand its partnership with Leo Pharma, a Danish specialist in dermatology treatment, to develop therapies based on strings of amino acids known as peptides.
Shell opened the first gas station for LNG in Germany, in a pilot project allowing trucks to fill up on natural gas.
Two weeks ago, soldiers in Lower Saxony fired rockets from a helicopter as part of a weapons test. But the Bundeswehr hasn’t yet managed to extinguish the resulting fire that’s spreading across the moorland.
The CEO of insurer Swiss Re said after hurricane Florence in the US and typhoon Mangkhut in Asia, more storms are likely. Christian Mumenthaler said he expected worse to come.
Berlin allocated €5 million for safe houses and groups to protect women from domestic violence. The sum is set to increase to €30 million by 2020.
Italy’s foreign minister canceled talks with his Austrian counterpart over the suggestion that South Tyrolians could become dual nationals.
Thor, a US maker of caravans, will buy its German rival Hymer, for €2.1 billion. Family-owned Hymer had also considered a Frankfurt stock-market listing.
Germany’s failure to meet EU energy targets could cost taxpayers up to €1.2 billion in 2021. A study called this a serious risk for the budget as costs could rise to €60 billion by 2030 as Germany will have to buy CO2 emission rights from other European countries.
Zalando, the Berlin-based online fashion retailer, cut its guidance for the second time in two months, citing the summer heatwave. Its shares are down by 12%.
Donald Tusk, president of the European Council, wants a special summit in November to address the stalling negotiations over Brexit and plans to propose this on Thursday at a meeting with Angela Merkel and other EU country leaders. (WiWo)
The European Central Bank unveiled its new €100 and €200 bills yesterday. They will go into circulation from May.
Berlin’s coal commission meets today to discuss the exit from coal power generation. RWE, a utility, said it opposed plans to shut coal-fired plants by 2035, saying they are needed to protect energy supply.
ProSieben Sat1 broke round for a new headquarters this week in Unterföhring, a suburb of Munich. The private TV channel is also building new studios, as it fights hefty rivals from Netflix to Google and Amazon.
Police raided homes in Hamburg, North Rhine-Westphalia and Schleswig-Holstein, and arrested one suspect as part of investigations into riots during the G20 summit last year.
Germany’s last Trappist monastery will close this weekend. It opened in 1480 in Mariawald, in the Eifel hills in North Rhine-Westphalia.
Enercon, a German maker of wind turbines, cut 800 jobs.
Audi’s supervisory board will meet in the coming week to decide whether to keep boss Rupert Stadler, in custody as part of the investigations into Dieselgate.
The European Commission’s cartel regulator officially launched an investigation into whether carmakers including BMW, Daimler and Volkswagen colluded in using cheat devices to artificially lower emissions. They could face billion-euro fines.
German doctors treating Pyotr Verzilov, a member of Russia’s Pussy Riot being treated in Berlin’s Charité hospital, say it’s highly likely he was poisoned though as yet, no single substance has been identified. (DPA, NTV)
Clariant will create a joint venture with SABIC to make high-performance chemicals for use in electronics, health, space, cars and robotics. The Swiss chemicals company also appointed Ernesto Occhiello as its new CEO.
Allianz will sign a partnership with the International Olympic Committee on Tuesday and will be an official sponsor for the Winter Games in Beijing in 2022.
Berenberg, a private bank from Hamburg, will sell its Swiss subsidiary to a consortium. The Swiss offshoot will be named Bergos Berenberg in the future.
Bertelsmann, a German publishing company, will merge its customer service business with the Saham Group of Morocco and together they will invest in call centers.
Audi launched an electric SUV in San Francisco, Tesla’s home turf, in an electric challenge to Elon Musk’s company. The German maker of luxury cars said it will be easier to recharge the e-tron models thanks to a deal with Amazon.
The government launched a family housing subsidy, Baukindergeld, to promote home-buying and help parents buy their first home.
Leaders of Germany’s coalition parties will meet again today to consider whether to fire Hans-Georg Maassen, the chief of the domestic intelligence service who reportedly passed information illegally to the AfD.
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