Siemens is nearing a deal worth up to €13 billion to boost Iraq’s power generation capacity by half over four years, Handelsblatt has learned. CEO Joe Kaeser met Iraqi Prime Minister Haider Jawad al-Abadi in Baghdad Sunday.
The disgraced former top spy will become a special advisor in the interior ministry, forgoing a controversial promotion and a €30,000 pay raise, the ruling coalition decided after a third emergency meeting to defuse the Maassen affair.
“There won’t be any Porsche diesels in the future,” CEO Oliver Blume said, adding that three years of Dieselgate tarnished the sports carmaker’s image. The Volkswagen unit is the first German auto giant to ditch the diesel engine. (Bild am Sonntag)
Leading politicians from Germany’s opposition parties have declined to attend a dinner in honor of President Recep Tayyip Erdogan scheduled during his state visit to Berlin next week. Demonstrators across Germany protested against the Turkish leader’s upcoming trip.
Up to 7,000 demonstrators protested the planned destruction of the ancient Hambach forest near Aachen to make way for an open-pit coal mine.
Steve Bannon, Donald Trump’s former chief strategist, met Czech President Miloš Zeman near Prague Sunday for a chat about Europe and relations with Russia. A German far-right AfD lawmaker, Petr Bystron, attended the meeting.
A whopping €270 billion in EU subsidies are unused, mostly because member states fail to claim the funds, the European Court of Auditors said. That’s almost twice the annual budget of the European Union.
Maritime authorities in Panama revoked the registration of the MS Aquarius 2, the last migrant rescue ship currently patrolling the Mediterranean Sea between Libya and Italy. “Reeling” NGOs said the decision followed pressure from Rome.
Do you like our News Bites? You can now get them delivered once a weekday into your email inbox. Sign up here. While you’re at it, consider our other two newsletters as well.
Nurali Demir, a German religious figure, was arrested in Turkey on Friday and then released. Another German was released from jail in Turkey. These moves are likely to ease relations ahead of a visit by the Turkish president to Germany next week. (SZ, NDR, WDR)
The number of sick days taken by German workers jumped by 60% between 2008 and 2016, with mental health problems a major driver of the growth, government figures showed.
The European Union is in discussion with Egypt, Morocco, Libya and Tunisia to reach migration deals similar to the one it has with Turkey, Chancellor Angela Merkel said.
The struggling state-owned bank NordLB has started a bidding process to sell off a minority stake. The bank posted a record loss of almost €2 billion in 2016. (Reuters)
The supermarket chain Rewe said it would be happy to buy unusually shaped or colored fruit and vegetables from farmers this autumn to help them ride out the current drought. The lack of rain has affected the growth of fresh produce.
Airbus announced it will soon begin producing airline parts using 3D printing. A titanium door component for A350 aircraft will be the first, reducing weight by around 4kg (8.8 pounds).
The US owner of the German concrete-maker Xella is considering taking it public. Investor Lone Star could launch an IPO early next year, Reuters has learned.
An airline passenger is suing the federal police for €738 in damages after she missed her flight because of long security check queues. The businesswoman, who was flying from Cologne-Bonn to Mallorca, says there were not enough staff. (General Anzeiger)
BMW’s independent German dealerships refused to sign a new contract with the luxury carmaker, saying it would hit their earnings. They want to negotiate a better deal.
The DAX got off to another roaring start Friday morning, almost hitting 12,450 points before falling back to around 12,410 at noon. Ten days ago it was trading under 12,000.
The northern district of Emsland declared a catastrophe so it could get outside help to tackle a moor fire that is threatening homes. The fire was started by the army during missile testing on the moor.
Finance Minister Olaf Scholz, speaking ahead of today’s housing summit, said he wants a ban on the conversion of rental accommodation to owner-occupied homes to ease the housing crisis.
German industry grew more weakly in September than at any time in more than two years. The IHS Markit purchasing managers’ index fell 2.2 points to 53.7 points, indicating order growth ground to a halt.
A new law is set to force airlines operating in Germany to verify the identity of passengers as they board their aircraft. Checks of passports and ID cards at departure gates are currently voluntary.
Economics Minister Peter Altmaier, speaking ahead of today’s housing summit, said the only way to alleviate Germany’s housing crisis is to speed up construction by relaxing building regulations and approvals.
Germany’s far-right AfD party polled in second place for the first time in the respected monthly ARD-DeutschlandTrend survey. It gained two points to poll at 18%, overtaking the SPD. Angela Merkel’s Conservatives finished on 28%.
The government will support an increase in the housing allowance for low earners at today’s housing summit. The meeting, hosted by Chancellor Angela Merkel, is due to address Germany’s housing crisis.
Some 47% of Germans are in favor of fresh federal elections, a survey revealed. Only 32% expect Angela Merkel to become chancellor again if a new vote is held. (Insa/Bild)
Carmaker Opel, part of Peugeot maker PSA, is considering stopping production on several days in October due to falling orders. The number of cars completed per hour will also soon be cut from 42 to 35, sources said. (VRM)