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Boeing has joined 10 German firms as part of its bid to bag a €4-billion heavy-lift helicopter contract from Berlin.

Key proxy adviser Glass Lewis has called on Deutsche Börse Chairman Joachim Faber to step down next year. The group also advised shareholders to issue a vote of no confidence to management at next month’s AGM over their handling of an insider trading scandal.

An alleged former bodyguard of Osama bin Laden is living on welfare in the German city of Bochum. Sami A. cannot be deported for risk of being tortured in his native Tunisia.

The Echo Awards, the German Grammy’s, has been discontinued after several artists handed back their trophies this year, said the Music Industry Association. The public is outraged that two rappers won a prize for their anti-Semitic lyrics.

German prisons have been facing serious overcrowding problems since 2017, and attacks on prison guards have also increased in several states. (Funke Media Group)

Germany will give another €1 billion to Syria and neighboring countries hosting refugees. Berlin has contributed around €4.5 billion in Syrian aid since 2012.

Deutsche Bank is expected to announce strategy changes to its investment bank on Thursday. Germany’s largest lender is considering cuts to equities trading and prime brokerage to offset weak revenues.

German insurer Allianz will soon complete its takeover of rival French credit insurer Euler Hermes on April 27. A squeeze-out scheme will force the remaining minority shareholders to sell.

Bonn-based Italian-food chain Vapiano plans to open up to 38 new locations worldwide in its current fiscal year. The company has hit all main profit targets since its IPO last June.

German’s second-largest pharma firm Boehringer increased revenues last year by 15.7%, or €18.1 billion. Its successful veterinary medicine division doubled profits.

The Finnish government has decided it will end its experiment with a basic income earlier than planned and explore other welfare schemes instead. Last year, a survey found that most Germans would be open to a universal basic income.

Daimler boss Dieter Zetsche said he saw no sign of the luxury carmaker’s new major shareholder, Li Shufu, planning a hostile takeover.

Japan wants to provide a P-1 submarine hunter to French-German forces seeking marine surveillance aircraft. If successful, it would be Japan’s first big foreign arms deal since World War Two. (Reuters)

Germany’s equal opportunity commissioner has sent a letter to Chancellor Angela Merkel calling for more women in government, including some ministries where only men were appointed. So far no reply.

Politicians have expressed outrage that 350 imams from the Turkish Islamic organization DITIB were apparently granted German visas last year. “Completely naive,” said one German-Turkish lawmaker, adding that this meant “more influence by the Turkish government.” (Kölner Stadtanzeiger)

German lawyers are in Chile investigating Colognia Dignidad, a Nazi pedophile cult founded in the 1960s. One of its key figures is living in Germany while his child-sex abuse conviction is being appealed.

German energy company Innogy officially appointed Uwe Tigges as chief executive. He has acted as interim CEO after the sudden departure of Peter Terium in December.

Volkswagen AG’s luxury unit Audi is recalling 1.16 million vehicles worldwide. Electric coolant pumps in affected cars and SUVs can overheat and possibly cause a fire, the carmaker said.

Audi also plans to double its Chinese production by 2022, including offering 10 new SUVs on the domestic market.

The lawyer for Beate Zschäpe, on trial since 2013 over a series of neo-Nazi murders, gave his closing argument. A verdict on Ms. Zschäpfe’s role in the National Socialist Underground’s killings is expected soon.

Photo of the day Office crosses The Bavarian government under State Premier Markus Söder announced that Christian crosses must be present in all state-run offices starting June 1. Besides fire detectors and extinguishers, crosses will serve as an "embodiment of history and culture." Source: DPA
Graph of the day Better together? Deutsche Bank premiered its global asset management subsidiary DWS on the Frankfurt stock exchange in March, raising €1.4 billion - just slightly above its issue price. Since then, the spin-off's shares have gone down 7 percent, begging the question whether DWS is failing to distance itself from Deutsche's troubles. Time will tell.
Quote of the day Aid to Syria Germany will give war-torn Syria an additional €1 billion ($1.22 billion) in humanitarian aid. "We must not leave the people of Syria alone," Mr. Maas said. The UN's refugee agency estimates that 13.1 million people in the country rely on foreign aid.
Person of the day Meet Dessi Dessi Temperley is joining the ranks at Beiersdorf, the maker of Nivea, Labello and other skin-care brands, as the group's chief financial officer. Ms. Temperley is the company's first female board member. Source: Beiersdorf

Hold On Tight

German cities may ditch contracts to rebel against E.ON’s power grab

Electricity giant E.ON is at risk of losing lucrative supply contracts with German cities as a result of its planned takeover and breakup of RWE's subsidiary Innogy, souring its historic bid to revamp the German power market.

Money for nothing

Draghi’s low euro-zone interest rates save Germany billions

Low euro-zone interest rates are deeply unpopular with Germany's savers and banks, but they have been a blessing for public finances, saving hundreds of billions in interest payments.

Editors’ Pick

Mirror, mirror

Cool Germania?

The cover story of the Economist bills Germany as the new "cool" nation. This gives Handelsblatt's Berlin bureau chief a very uncool feeling.

Dive In

Corporate Responsibility

Does the Siemens CEO practice what he preaches?

Siemens chief Joe Kaeser in an interview said companies have a responsibility to provide jobs for the community. That has sparked a debate in Germany – including over the actions of his own company.

Wireless consolidation

T-Mobile/Sprint merger: Anything but certain

For the third time, T-Mobile US is negotiating a merger with rival Sprint. But the issues that undermined previous talks remain – plus some.

Emmanuel MACRON and Sigmar GABRIEL

better together

Germany should help, not hinder, Macron’s EU reforms

The French president is battling like no other for a strong Europe. Germany has to offer more support, says former foreign minister Sigmar Gabriel.

Privacy lost

European criticism of new US Cloud Act mounts

Europeans worry that Washington's effort to gain access to data stored abroad runs counter to its own more stringent privacy legislation.

No role model

Tax reform à la Trump would be the wrong way for Europe

Europe should not emulate the US tax model. The EU needs free trade and cannot counter bad policies with bad measures, says Evonik’s Christian Kullmann.

Open Sesame

Alibaba deal with Daimler, Audi, Volvo shows China role in industry future

E-mobility and autonomous driving offer Beijing an opportunity to become the global leader as technology dictates standards.

Alfonso Dastis

Alfonso Dastis

Spanish foreign minister rejects mediation in Catalonia conflict

Spain wants to solve the ongoing dispute over Catalonia's independence without any help from Germany.

mercron, angela merkel and emmanuel macron go to washington, dc

Pressing deadlines

Mercron heads to DC to sway Trump on trade, Iran

This week, Angela Merkel and Emmanuel Macron will try to persuade Donald Trump to abandon his protectionism and preserve the Iran nuclear deal.

andrea nahles, rough start for new spd leader

Making history

Rocky start for Social Democrats’ new leader

Andrea Nahles was elected the first female leader of the Social Democrats. Now she must rescue Germany's oldest political party from irrelevance and position herself against her coalition partner, Chancellor Merkel.

Choppy Waters

BMW, Daimler and VW risk EU fines for collusion

Penalties could be on the horizon for Germany's BMW, Daimler and VW as antitrust watchdogs deepen their investigation into collusion among the carmakers.

Insurance Battle

Allianz, Axa in battle for digital supremacy

Europe’s two leading insurers are going head-to-head in a race to become more digital. In an age of technology startups, neither behemoth wants to lose out.

crime, german police

Felonious Frankfurt

Crime down strongly in Germany

Incidences of lawbreaking dropped more in 2017 than in 25 years, with Frankfurt unseating Berlin from its title as crime capital. But some Germans still feel angsty.

knights of malta

Knights of Malta

How an ancient chivalric order went from conquests to compassion

The German branch of the exclusive, centuries-old Roman Catholic fellowship, the Knights of Malta combines medieval ritual with hands-on charity and Camelot-scale networking.

Berlin's struggle with urbanization

Gentrification

The Berlin way of urbanization

Germany’s capital, known for its grit, grunge and groove, is experiencing growing pains as it adjusts to its new position as a world-class city. Is Berlin in danger of becoming like San Francisco, London or Paris – another overpriced playground for the nouveau riche?

Fritz Haber

The German Dr. Evil who invented chemical warfare

Syria’s gassing of its own civilians and retaliatory air strikes by the West have again focused attention on chemical weapons. But it’s little known that it was a German scientist, Fritz Haber, who developed them.

Pros and cons

Sink or swim for Deutsche’s investment banking

Profit woes at Germany's largest lender have raised doubts about whether to keep or ditch its financial trading activities. Handelsblatt's finance editors weigh in on the debate.

Ask a German

Handelsblatt explains

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

Culture clash

Where Germans systematize, Americans break down

Germans and Americans make decisions in totally different ways, which often leads to clashes. In his second piece in a series, John Otto Magee, an American living in Germany who advises companies in cross-cultural management, explains the dilemma.

Lost in translation

German directness, American euphemisms: the hell of cross-cultural communication

Americans and Germans do a lot of business together – and often have unnecessary misunderstandings, causing a lot of grief and mistrust. An American consultant who has lived in Germany for 25 years offers some help.

DAX

Profit and Loss Check

Once a year, we take a critical look at the financial health of selected German blue-chip companies ahead of their annual shareholders' meetings.

Mercron fail

Of jumbo councils and other euro-zone distractions

No matter how tactfully Angela Merkel disguises it, she will never give Emmanuel Macron what he asks for to reform the euro zone.

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