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MUNICH, Germany (AFP) — German prosecutors said Wednesday they have arrested the former chief executive and two board members of Wirecard for “commercial fraud”, saying investigations show that trickery was already happening in 2015. The widening probe suggests that banks in Germany and Japan as well as other investors were conned into providing funds of up to 3.2 billion euros ($3.7 billion) to Wirecard, said prosecutors, adding that the sums are now “very likely lost […]
FRANKFURT AM MAIN, Germany (AFP) — The unprecedented scandal at German payments processor Wirecard could lead to the group being sold off piecemeal, after its insolvency administrator said investors are eyeing profitable business units. A provisional committee of Wirecard creditors signed off on an international search for buyers Tuesday and confirmed lawyer Michael Jaffe as administrator. “Many investors from all over the world have already signaled interest in buying the core business or independent business […]
WASHINGTON, United States (AFP) — President Donald Trump has approved a plan to slash the US military presence in Germany by 9,500 troops, the Defense Department said Tuesday. Pentagon spokesman Jonathan Hoffman said the move, which has sparked concerns in Berlin and in the NATO alliance, is to redeploy the troops and will “enhance Russian deterrence, strengthen NATO, (and) reassure allies,” as well as improving US strategic flexibility. The move will cut the current troop […]
by Femke COLBORNE and AFP bureaus Agence France Presse BERLIN, Germany (AFP) — Germany on Tuesday reimposed coronavirus lockdowns on more than 600,000 people and tennis world number one Novak Djokovic tested positive for the illness — two major setbacks in global efforts to restore a sense of normality to everyday life. The moves highlighted how quickly the virus can resurface and spread, and how much more nations will need to do to reassure […]
by Tom BARFIELD Agence France-Presse GELSENKIRCHEN, Germany (AFP) — A divisive new monument to Soviet leader Lenin was unveiled in Germany on Saturday, in the middle of a global row over the controversial background of historical figures immortalised as statues. More than 30 years after the post-World War II communist experiment on German soil ended, the tiny Marxist-Leninist Party of Germany (MLPD) installed Lenin’s likeness in the western city of Gelsenkirchen. A few hundred gathered […]
FRANKFURT AM MAIN, Germany (AFP) — German biotech firm CureVac has won permission to start human trials of a promising coronavirus vaccine, regulators announced Wednesday, as the global race to stop the pandemic gathers pace. The Paul Ehrlich Institute (PEI), the German body responsible for assessing clinical trials and approving vaccines, called the approval “an important milestone”. In a statement, it said it had given CureVac the green light based on “a careful assessment of […]
by Tom BARFIELD Agence France-Presse FRANKFURT AM MAIN, Germany (AFP) — Germany on Wednesday said it aimed to become the world’s “number one” in green hydrogen technology, betting the fuel produced by renewable energy sources can both reduce carbon emissions and stimulate Europe’s top economy. “For reasons related to our competitiveness but above all to reach our ambitious climate goals”, ministers have agreed to pump nine billion euros ($10.2 billion) of government cash into the technology, Economy […]
BERLIN, Germany (AFP) — Germany will lift its blan`ket travel warning for European nations from June 15, Foreign Minister Heiko Maas said Wednesday, as the continent looks to further ease restrictions imposed to contain the coronavirus. “We have decided today that the travel warning for the named circle of countries will not be continued but replaced by travel advice,” Maas said, referring to EU nations plus a handful of countries in the region including Switzerland […]
by Ulas CÜRE with Marion PAYET in Berlin Agence France Presse SCHWERIN, Germany (AFP) — The waiters are wearing masks and there’s no singing in Church, but some Germans got a taste of normal life at the weekend as restaurants and places of worship reopened after weeks of coronavirus restrictions. In the northeastern state of Mecklenburg-Western Pomerania, residents took advantage of the sunny weather to flock to their favourite eateries and cafes for the […]
by Yacine LE FORESTIER Agence France Presse BERLIN, Germany (AFP) — Germany’s coronavirus spread appears to be picking up speed again, official data showed Sunday, just days after Chancellor Angela Merkel said the country could gradually return to normal. The Robert Koch Institute for public health said Germany’s closely watched reproduction rate (R0) had climbed to 1.1, meaning 10 people with COVID-19 infect on average 11 others. The RKI has warned that for the […]
FRANKFUTR AM MAIN, Germany (AFP) — German airline giant Lufthansa said Friday it will fly twice as many aircraft in June as in recent weeks and return to some European destinations, but the flight plan remains a shadow of pre-coronavirus operations. Spots beloved of holidaymakers like Spanish island Mallorca, Crete and German North Sea retreat Sylt will return to the timetable, with 160 aircraft aloft bearing Lufthansa’s crane or the logos of subsidiaries Swiss […]
FRANKFURT AM MAIN, Germany (AFP) — The jobless total in Germany rose unusually sharply in April, official data showed Thursday, highlighting the coronavirus pandemic’s impact on Europe’s top economy. The jobless total soared to 2.6 million in April from 2.3 million in March, according to data compiled by the federal labor agency BA. And in seasonally adjusted terms, the unemployment rate jumped to 5.8 percent this month from 5.0 percent the previous month, the agency […]
