A weekly round-up of news and happenings in German-American relations. Business and Economics Brexit is merely one more worry for Germany’s leading lender. (Economist) S&P Global Ratings on Tuesday lowered its credit outlook for Deutsche Bank AG to negative from stable. (WSJ) VW scandal reaches all the way to the top, lawsuits say. (NYT) Germany …Read More

A weekly round-up of news and happenings in German-American relations. Business and Economics The effects of Brexit notwithstanding, European companies have suffered an alarming decline in standing over the last decade compared to their American and Asian competitors. What happened? (Economist) Germany to hike minimum wage: Just one year old, the minimum wage in Germany …Read More

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 …Read More

A weekly round-up of news and happenings in German-American relations. Business and Economics The prospect of Britons voting to leave the EU next week fueled global market upheaval on Tuesday, with investors rushing for safety and sending the UK currency and stocks to their lowest levels in months. (Financial Times) A vote to leave the …Read More

A weekly round-up of news and happenings in German-American relations. Business and Economics Progressing in the diesel scandal, Volkswagen is proceeding with the conversion of their diesel-powered vehicles. (FAZ) Yields in the Eurozone corporate bond market have hit new lows as the European Central Bank enters as a giant buyer. The ECB is forecasted to …Read More

A weekly round-up of news and happenings in German-American relations. Business and Economics A press conference between Airbus and the Heinrich Boll Foundation was held to discuss how to make flying more environmentally friendly. (WIWO) Germany is seeking an alternative to a Chinese takeover of robot maker Kuka. The economics ministry is working on putting …Read More

Business and Economics Strong Dollar Drives Wedge Between U.S. and Europe (Die Welt): The strong dollar and sinking prices for raw materials are exacerbating the rift between the growing U.S. economy and the struggling euro zone. The central banks are only a part of the solution. BMW C.E.O. Norbert Reithofer to Step Down Earlier Than …Read More

Business and Economics Bank Stability Review: Merkel Misleads German Public (Spiegel): Taxpayers would never again have to bail out big banks, declared Angela Merkel at the G20 summit in Australia. This report checks the facts: Is the Chancellor telling the truth? America’s Standing Order for Germany (FAZ): Just before the critical G20 summit in Australia, …Read More

Business and Economics Top-Economist Wants to Split the Euro-Zone in Two (Welt): Many experts want to solve Europe’s issues with increased spending. The U.S. central bank critic Allan Meltzer proposes two separate currencies instead. Foreign Trade: Record of German Export Surplus to the United States (Welt): The German economy has again exported more goods than …Read More

Business and Economics Deutsche Bank: New Chief Financial Officer Faces Losses (Welt): Goldman-Sachs-Manager Marcus Schenck will be the new Chief Financial Officer of the Deutsche Bank. At the same time, Germany’s largest financial institution announced losses of €92 million. Consequences of the Sanctions: German Exports to Russia Collapse (Spiegel): The European sanctions against Russia have …Read More

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