A weekly round-up of news and happenings in German-American relations.
Business and Economics
Volkswagen gets initial approval of $14.7 billion settlement with U.S. drivers. The auto maker plans to hire 250 to 300 people to work exclusively on the process. (WSJ)
Registration for the new EU-U.S. data transfer agreement begins next month and companies need to put plans into motion quickly if they want to take advantage of all aspects of the agreement. (WSJ)
Stress tests add pressure on European banks. Deutsche Bank and Commerzbank look as vulnerable as some of the Italian lenders. (FT)
G-20 finance ministers fear Brexit blowback if breaking up is hard to do. (WSJ)
The industrial internet of things: China aims to lead the world in connecting factories. (Economist)
New Ifo Institute study finds that net income inequality in Germany is among the lowest in the OECD, but how much of that is due to government intervention? (FAZ)
The inside story of how Spain avoided EU sanctions: A late change in attitude by the German finance minister was key in preventing a fine for overshooting budget deficit targets. (El Pais)
Why so many American employees of German companies support Trump. (FAZ)
The collapse of the Syrian economy is worse than Germany’s after World War II. (Quartz)
The craft beer boom has catapulted the United States into first place as the world’s largest hop grower, ousting Germany from the top spot for the first time since 1967. (FT)
Foreign and Domestic Policy
Germany is reeling from a series of four violent attacks in a week in its south. (BBC)
Germans reconsider approach to migrants. After week of attacks, debate over stricter rules, awareness of war trauma. (WP)
Merkel defends asylum policies, says Germany is at ‘war’ with Islamic State. (WP)
Turkey wants Germany to hand over alleged supporters of Fethullah Gulen, the man they accuse of being the mastermind behind the failed coup. Strained relations between Berlin and Ankara look set to get a little more so. (DW)
Berlin mulls how to further strengthen gun laws after Munich attack. (DW)
Germany will make the global refugee crisis, sustainable development, and climate change and energy policy key priorities for G20 nations when it takes over the group’s revolving presidency in 2017. (Handelsblatt)
With G-20’s focus on Europe, pressure eases on China. (WSJ)
Where Hillary Clinton and Donald Trump stand on foreign-policy issues. (WSJ)
Germany’s Foreign Minister Frank-Walter Steinmeier said in an interview that if the Republican candidate wins the U.S. presidency it would mean “a lot of uncertainty for the trans-Atlantic relationship.” (NYT)
Clinton’s nomination puts women closer to running three of the world’s largest economies. (Time)
Society, Culture, and Politics
In the face of a rash of attacks, Germans are staying remarkably calm. (Economist)
America Über Alles. How traditional and radical conservatives come to speak a common political language—that ultimately benefits the extremists. (Tablet)
America First, For Charles Lindbergh and Donald Trump. (New Yorker)
Controversy ahead of pro-Erdogan rally in Cologne. The rallies come in the wake of the failed military coup in Turkey. (DW)
Terrorist or disturbed loner? Munich attack reveals shifting labels. (NYT)
In Germany, anti-Muslim extremists may pose as big a threat as Islamist militants. (WP)
Save the date! A half-day conference on the challenges, choices, and consequences of the new White Paper on German Security Policy and the Future of the Bundeswehr will be held September 21 at the German Marshall Fund in Washington, DC.
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 (January 2017 – June 2017) is August 31, 2016.