U.S. tariffs to cost Germans up to 20 billion euros this year: Report

Jul 21 2018

Trump’s tariffs will lead to a drop in prosperity in Germany this year and are likely to cost Germans up to 20 billion euros ($23.44 billion), the head of German think-tank IMK said.

Swiss, German drugmakers join US price freeze

Jul 20 2018

Roche (ROG.S), Bayer and Germany’s Merck KGaA (MRCG.DE) became the latest drug companies to freeze prices in the United States, amid increased scrutiny by the Trump administration of medicine costs.

Merkel: Not clear if EU will rise to challenge of changing world order

Jul 20 2018

It is not yet clear if Europe will adapt quickly enough to rise to the new challenges it faces in taking more responsibility for solving conflicts in the world of the 21st century, German Chancellor Angela Merkel said.

Volkswagen to slightly expand capacity, set up design centre

Jul 20 2018

Expanding production capacity marginally, setting up a design centre, launching new models, increasing localisation levels, and having a regional celebrity as brand ambassador are among Volkswagen's "India 2.0" strategy to become the number three player in the market, said a senior company official.

Stock futures turn lower as Trump comments fan trade war fears

Jul 20 2018

U.S. stock index futures fell on Friday after President Donald Trump toughened his stance against China and said he was ready to impose levies on $500 billion worth of goods from the Asian nation.

U.S. auto tariffs would cut 6 billion euros from German GDP, DIHK says

Jul 20 2018

US tariffs on imported cars would slash around 6 billion euros ($6.99 billion) off German economic output, the president of DIHK Chambers of Commerce told German television.

Facebook must adhere to German Holocaust denial laws, says Berlin

Jul 19 2018

Facebook must stick to German laws which ban Holocaust denial, the Justice Ministry in Berlin said on Thursday after Mark Zuckerberg caused outrage by saying his platform should not delete such comments.

Earnings drive the day as European stocks falter at one-month highs

Jul 19 2018

European stocks were caught in a tug-of-war as results drove sharp price swings in advertising, tech and industrials stocks.

Fortum seeks new start with Uniper, CFO to join supervisory board

Jul 19 2018

Finland’s Fortum nominated its chief financial officer to join the supervisory board of Uniper as it seeks to improve ties with the German utility after a difficult acquisition process.

Continental AG restructures, prepares Powertrain for 2019 IPO

Jul 18 2018

German auto supplier Continental (CONG.DE) on Wednesday said it will list its Powertrain unit as early as mid-2019 as part of a broader restructuring in response to far-reaching shifts in the auto industry towards electric and self-driving technologies.

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