Picture of the day
No cannabis stocks for Germans
With various countries relaxing their cannabis laws, stock exchange operator Deutsche Börse hoped to get in on the booming market by allowing Germans to invest in the securities of some 145 companies dealing in medical marijuana. But regulators in Luxembourg, where even medical marijuana remains illegal, blocked Deutsche Börse’s Luxembourg-based subsidiary Clearstream from settling the securities of companies that deal primarily in cannabis. Deutsche Börse confirmed to Handelsblatt that it would have no choice but to block the trading of foreign cannabis equities in September. Source:
Picture Alliance / Empics
Wait, don’t congratulate
Quote of the day
German politicians have reacted haltingly to Turkish President Recep Tayyip Erdogan’s re-election on Sunday. Angela Merkel’s spokesman said Berlin would wait for election monitors to file their report before offering congratulations. Mr. Maas, speaking on the sidelines of a summit in Brussels, made clear what else the bloc expects to happen if Turkey’s leader wants relations with the European Union to improve: Mr. Erdogan needs to lift the state of emergency that has been in place since a failed coup in 2016.
Graphic of the day
Make up your mind, Germany
Opinion polls offer rather conflicting advice for leaders in Berlin when it comes to dealing with the immigration crisis. Most voters want Angela Merkel to stay in power, and approve more of her job performance than that of Interior Minister Horst Seehofer, who has threatened to topple the chancellor. And yet when it comes to policy, they seem to back Mr. Seehofer’s hawkish approach: He wants to stop refugees already registered in other EU countries from entering Germany. That’s democracy for you.
Strike of the day
Standing idly by, waiting for a solution
German carmaker Volkswagen is canceling its contract with the supplier Neue Halberg Guss, but first it will have to deal with a strike that could impact production. NHG and its 2,200 employees considered VW their most important client. The cancelation has forced NHG’s parent, the Bosnian-German group Prevent, to close a plant in Leipzig and lay off at least 700 workers. Unions reacted by stopping work at Leipzig and another plant in Saarbrücken. NHG management warns the strike is simply making a difficult situation even worse. An innocent bystander in all of this is the carmaker Opel, another NHG client, which will have to put up with the standoff until employees go back to work. Source: