Morning Briefing Global Edition

Shakespeare in Politics

Obama Globe Theater
All politics is a stage. Obama visited Shakespeare's Globe Theater last weekend in London.
  • Why it matters

    Why it matters

    • My Handelsblatt Morning Briefing Global Edition gives you an overview of the most important news from Germany and Europe – in a concise two-minute read.
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  • Facts

    Facts

    • Together with Chancellor Angela Merkel, U.S. President Obama opened the Hanover Trade Fair on Sunday, the world’s largest industrial exhibition.
    • Norbert Hofer of Austria’s far-right Freedom Party got 37 percent of votes in the first round of presidential elections.
    • Deutsche Bank also has to answer to accusations of offshore business being conducted by its Mauritius subsidiary.
    •  
  • Audio

    Audio

  • Pdf

U.S. billionaires Charles and David Koch are ardent Republicans. But they see the Grand Old Party’s performance so far as anything but grand.

Yesterday, Charles Koch praised Hillary Clinton, saying she could be better than a Republican. He also said Bill Clinton did better than George W. Bush in curbing government spending. Koch railed at the likely Republican hopeful, Donald Trump, comparing his idea of creating a Muslim registry with Nazi Germany. It’s no wonder the Koch brothers haven’t donated to any GOP hopeful. Sounds like even the Republicans are betting on another Democrat in the White House.

 

With a kiss-kiss and admiring gazes all around, Barack Obama and Angela Merkel look like the perfect couple this week at the Hanover Trade Fair. Today they’re strolling through the exhibition halls together. “You have been a confidante” Obama told Merkel on Sunday of their seven-year trans-Atlantic liaison.

But even Obama’s remaining eight months in office won’t be enough to clinch the controversial TTIP free-trade agreement. We can take comfort in the words of Shakespeare: “The course of true love never did run smooth.”

 

With a kiss-kiss and admiring gazes all around, Barack Obama and Angela Merkel look like the perfect couple this week at the Hanover Trade Fair.

Searching for a campaign theme himself, Sigmar Gabriel is taking a page from Al Gore’s book. The German economics minister and likely Merkel challenger in 2017 wants to make high-speed Internet available to everyone through fiber optics. In a Handelsblatt exclusive, he set his sights high: “Our goal must be to have the world’s best digital infrastructure, complete with gigabit networks, by 2025 at the latest.”

Two people should read the interview meticulously: Deutsche Telekom CEO Timotheus Höttges, whose company is still partially owned by the German government, and Alexander Dobrindt, Germany’s transport minister, who strangely enough is also in charge of the nation’s data traffic.

 

Europe’s rising tide of nationalism has now reached Austria. On Sunday, a folk music aficionado and Islamophobe who held a series of passionate, well-attended patriotic rallies, scored big in national elections.

Norbert Hofer of Austria’s far-right Freedom Party won 37 percent in the first round of presidential voting. He’s now the favorite in a May 22 runoff. The ruling Social Democrats and center-right People’s Party fell completely flat.

 

“Our goal must be to have the world’s best digital infrastructure, complete with gigabit networks, by 2025 at the latest.”

Sigmar Gabriel, German Economics Minister

Today’s acquittal didn’t stop Deutsche Bank’s shares from sliding, but it may help start repairing its tattered reputation.

In Munich, Judge Peter Noll found co-CEO Jürgen Fitschen and four former executives not guilty of colluding to send a client, entertainment firm Kirch Media, into bankruptcy. The bankers had been accused of tricking a civil court examining its role in Kirch’s 2002 insolvency. There’s now about as much left to the accusations as to the bank’s operating profit: Nada. Handelsblatt Global Edition gives you the details.

 

“Celebrate the future” will be the theme when Handelsblatt kicks up its heels on Saturday to mark its 70th birthday and the success of a new Business Club.

Publisher Dieter von Holtzbrinck and Handelsblatt CEO Gabor Steingart will mingle with VIPs, readers, editors and Business Club members at the Tempodrome in Berlin. Singers Lena and Álvaro Soler, philosopher Richard David Precht and public television executive Tom Buhrow will be on hand.

 

My Handelsblatt Morning Briefing Global Edition is an e-mail newsletter sent to your inbox at around 6 a.m. Wall Street time. It gives you the most important news from Germany and Europe. To contact me: jakobs@handelsblatt.com

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