A weekly round-up of news and happenings in German-American relations.

Business and Economics

Moelis & Co. names Bank of America’s Stefan Mueller to head investment banking in Germany. (Bloomberg)

After Brexit, the Dax recovery rally continues. (FAZ)

The International Monetary Fund on Wednesday said that Britain’s pending exit from the European Union is posing “a downside risk” to Germany’s economic outlook. (WSJ)

German financial watchdog Bafin is opening a new office on Monday dedicated to corporate whistleblowers, aiming to encourage more business insiders to expose wrongdoing. (FAZ)

Foreign and Domestic Policy

At Brussels summit, Merkel delivered a warning that the U.K. wouldn’t be allowed to cherry-pick the things it wanted out of its future relationship. (WSJ)

Brexit will expect to complicate transatlantic cooperation. President Obama seeks to minimize impact on U.S. of the U.K. leaving the European Union. (WSJ)

Angela Merkel has said there can be no talks on Brexit before the UK formally begins the process of leaving the EU. (BBC)

Scotland’s Parliament could attempt to block Britain from leaving the European Union, according to the Scottish leader. (Wish)

More time on the campaign trail isn’t improving the image of either major-party presidential candidate, Hillary Clinton or Donald Trump. (WSJ)

The German cabinet has agreed on a new bill to rein in its intelligence agency, the BND. (DW)

July NATO Summit in Warsaw: Seven Messages to Expect. (German Federal Academy for Security Policy)

Society, Culture, and Politics

Political extremism rose sharply in Germany last year among far-right but also far-left and Islamist radical groups. (Guardian)

Erdogan says Turkey will overcome terror groups. (Washington Post)

A team of archaeologists and mapmakers say they have uncovered a forgotten tunnel that 80 Jews dug largely by hand as they tried to escape from a Nazi extermination site in Lithuania about 70 years ago. (NYT)

After an attack, Germans question efforts to dissuade young Islamists. (WSJ)

The German government has reported a marked increase this year in the number of childbirths. The good news comes amid growing concern over the country’s aging population. (DW)

At AICGS

AICGS is now accepting applications for the DAAD Prize for Distinguished Scholarship in German and European Studies. The application deadline is August 31, 2016.

AICGS is now accepting applications for the next round of DAAD fellowships. The application deadline for spring 2017 is August 31, 2016.