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Lufthansa cancels 700 flights on first day of cabin crew walkout
Reuters . Frankfurt/ Berlin | Updated at 12:00am on November 08, 2019
Lufthansa flight attendants went on a 48-hour strike over pay and pensions on Thursday, forcing the biggest German airline to cancel hundreds of flights. Lufthansa...
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Germany to keep 5G door open to Huawei
Reuters . Frankfurt | Updated at 12:00am on October 15, 2019
A new German security rulebook would not exclude Chinese telecoms equipment maker Huawei Technologies from supplying gear for the country’s 5G mobile networks...
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Weak euro zone bank profits could take fresh hit: ECB
Reuters . Frankfurt | Updated at 12:00am on October 08, 2019
Euro zone banks face growing pressure on earnings from a maturing business cycle, and their projections for lukewarm earnings in the coming years may still...
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Mercedes-Benz faces new emissions recall due to older vans
Reuters . Frankfurt | Updated at 12:15am on October 07, 2019
Daimler may have to recall 2,60,000 Mercedes-Benz Sprinter vehicles after German motor vehicle authority KBA warned the luxury car maker that the transporter vans may...
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Top VW bosses indicted over emissions scandal
Reuters . Frankfurt | Updated at 12:00am on September 25, 2019
German prosecutors are pressing criminal charges against the CEO, chairman, and a former CEO of Volkswagen, saying they intentionally delayed telling investors about the carmaker’s...
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Commerzbank aims to cut jobs, branches after Deutsche merger fails
Reuters . Frankfurt | Updated at 12:00am on September 21, 2019
Commerzbank said on Friday it wanted to cut 2,300 jobs and reduce the number of branches in a strategy overhaul, after the German lender’s attempt...
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Climate protesters tell carmakers ‘the party is over’
Reuters . Frankfurt | Updated at 12:08am on September 16, 2019
Thousands of protesters marched in front of Frankfurt’s IAA car show on Saturday to demand a swift end to combustion engines and a shift to...
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Deutsche CEO to invest 15pc of monthly net pay in bank’s shares
Reuters . Frankfurt | Updated at 12:00am on September 03, 2019
Deutsche Bank’s chief executive Christian Sewing will spend 15 per cent of his monthly net salary buying the German lender’s shares starting in September, a...
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German finance minister backs plans for wealth tax: report
Reuters . Frankfurt | Updated at 12:00am on August 26, 2019
German finance minister Olaf Scholz is backing plans for a wealth tax that his Social Democrats (SPD) want to introduce, the online edition of business...
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Bosch sees car production falling 5pc in 2019
Reuters . Frankfurt | Updated at 12:48am on July 28, 2019
Auto supplier Robert Bosch has revised its forecast for automotive production on Saturday, expecting a 5 per cent fall this year, bigger than an earlier...