News Bites

Some 41.7% of voters would prefer snap elections compared with 17.3% who would prefer a grand coalition of Chancellor Merkel’s CDU and the left-leaning Social Democrats after recent coalition negotiations failed, according to a Die Welt/Civey study.

Martin Schulz, head of the center-left Social Democrats, said during a protest that Siemens officials were “irresponsible managers” whose poor decisions have now led to plans to fire 6,900 workers.

The European Commission wants to require manufacturers to equip all cars with gas mileage from 2020 to compare actual usage against the manufacturer’s promises. (Der Spiegel)

The New York Times incorrectly identified Stephen Steinlein, an official in the president’s office, as President Frank-Walter Steinmeier on its front page.

EasyJet expects to boost the number of passengers it services in Berlin to 16 million from 6 million after buying 25 planes and taking on 1,000 employees from bankrupt Air Berlin.

Goldman Sachs will open hubs in Paris and Frankfurt after Brexit and will allow staff to choose between the two locations, CEO Lloyd Blankfein said in a Le Figaro interview.

A group of powerful German business figures, including three ex-presidents of the Federation of German Industry, launched “A New Deal for Britain” campaign to keep the UK in the EU.

Swiss Re expects accident and damage premiums to rise due to this year’s spate of natural disasters. The world’s second-largest reinsurer also predicted a 4% rise in life premiums in 2018.

JP Morgan Chase tops a global regulators’ list of systemically-important banks, followed by Bank of America, Citigroup, Deutsche Bank, and HSBC, a ranking by the Swiss-based Financial Stability Board shows. JP Morgan was also judged the riskiest institution and must keep 2.5% more reserves than a “normal” bank.

Wolfgang Schäuble, Germany’s influential former finance minister, urged parties involved in coalition talks that collapsed Sunday night to make compromises in order to form a stable government.

Europe’s Systemic Risk Board, the body charged with the smooth liquidation of bankrupt euro-zone banks, will set 35 to 40 big banks a four-to-six-year deadline to build adequate reserves for weathering a crisis, sources told Reuters.

Regional bank Helaba blamed the ECB’s low interest-rate policy for an 8.6% fall in pretax profit to €381 million ($447 million) in the first nine months of 2017.

Builders at a Hamburg athletics field uncovered a swastika made of reinforced concrete and measuring three meters (10 feet) in diameter. The monuments office was notified to remove it. (Bild)

A majority of Germans (55%) expect no economic fall-out from the failed “Jamaica” talks to form a government coalition, according to a WirtschaftsWoche survey.

Six Syrians were detained as suspected members of the Islamic State after anti-terror raids in the German cities of Essen, Kassel, Hanover, and Leipzig. (Die Welt)

Since the start of 2017, German businesses have become less optimistic due to growing trade barriers, protectionism and needless bureaucracy, according to a survey of 3,000 firms by the German Chambers of Commerce. (Die Welt)

Uniper, the fossil-fuels company spun off last year by German energy giant E.ON, rejected an €8-billion ($9.4 billion) takeover bid by Finnish power generator Fortum. E.ON still holds 47% of Uniper.

Germany’s federal president, Frank-Walter Steinmeier, will receive Green Party and Free Democrat leaders in separate meetings on Tuesday, to urge them to resume the failed coalition talks.

Six-month-old “Jacky” became the world’s first raccoon to get a pacemaker after an operation in a Munich veterinary clinic. (DPA)

Berlin is blocking a proposal that would allow the EU and other national vehicle regulators to check whether Germany’s Motor Transport Authority KBA is enforcing vehicle-emissions laws, sources said. (Handelsblatt)

Bullet Train

Germans To Design US Rail Revival

Engineers from Germany’s Deutsche Bahn have secured a contract to help plan and design California’s high-speed rail project.

Talks Collapse

Merkel Favors Snap Election

The Social Democratic Party rules out a new coalition with Chancellor Angela Merkel, leaving her with few political options.

News Gallery

Gallery

In Case You Missed It

A win for neo-Nazis and a loss for German politics.

Dialogue Breakdown

Business Leaders to Politicians – Fix It

German business executives, bankers and economists are still digesting news of the failed talks between the four parties trying to form a new government. Many are worried about the way forward.

Editors’ Pick

Monk Investor

God Bless These Returns

Anselm Grün leads a chaste life of morning prayers, silent contemplation and mezzanine debt. All in the name of the church and charity.

Dive In

Coalition fail

The Beginning of the End of Angela Merkel as Chancellor

Reports of the end of the Merkel era, like those of Mark Twain’s death, have long been greatly exaggerated. Not anymore.

Failed Coalition

A Post-German Europe

Germany's inability to form a stable government comes just as the EU was ready to make much-needed reforms. European partners must now ensure those reforms don't stall, writes former Spanish foreign minister Ana Palacio.

Coalition Quagmire

Gallery of Guilt

After talks on forming a coalition government in Germany collapsed dramatically, fingers are pointed as new elections loom – and with them, prospects of an unprecedented minority government.

Ask a German

Handelsblatt Explains

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

Floor It

Volkswagen’s Race with Tesla

Volkswagen, Europe’s largest car manufacturer, is hitting the gas pedal to keep up with Tesla. The company’s supervisory board just approved a major investment for electric cars.

No Jamaica

German Coalition Talks Collapse

Tensions between and within the four political parties reached a boiling point. The Free Democrats have declared coalition negotiations at an end, plunging Angela Merkel's government into crisis.

Renewable energy

Keep It Real, Germany

When it comes to emissions, Germany has set itself unattainable goals. The country can only remain a role model if the economy remains strong. It's time for a more realistic discussion, the author argues.

Driverless cars

Talkin’ ’bout a Revolution

One of the greatest boons to mankind – autonomous driving – is also an epochal challenge to Made in Germany. That’s why we’re launching Handelsblatt Global - Mobility. It’s your front-row seat to a revolution.

Shoes On Site

The Future of Footwear

Adidas, Europe’s largest sportswear manufacturer, grew its broadest product base ever after a change in leadership. Now the company is trying something new: customized shoes made by a 3D printer.

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