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Video: Today's Top News at Noon in Berlin

 

German Savings Banks under Strain

A wave of mergers could soon roll over Germany’s saving banks, according to a Handelsblatt investigation. More than 400 independent savings banks are being hit by ultra-low interest rates, regulation and digitalization. Rolf Gerlach, who heads a group of savings banks in northern Germany, is calling for mergers.

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Facebook Co-Founder Zuckerberg in Berlin

Facebook CEO Mark Zuckerberg is visiting Berlin today and tomorrow to open a new office of the world’s biggest social network. He’s also looking to improve relations after Facebook refused to delete racist and right-wing extremist comments from users in Germany. The nation’s strict data protection regulators are also trying to rein in Facebook’s data mining practices.

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New Class-Action Suits Target Top VW Executives

New class-action lawsuits filed in the United States target Volkswagen’s current and former CEOs for complicity in the automaker’s global Dieselgate scandal. The German automaker is being sued in more than 500 class-action procedures in the States. The latest name CEO Matthias Müller and his predecessor Martin Winterkorn, as well as the head of its North American business, Michael Horn and Audi CEO Rupert Stadler. VW has denied that its top managers knew of the illegal emissions-rigging that went on at the German automaker.

 

 

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