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Business & Money - The Local

Top 10 German firms with the highest-paid employees
Photo: DPA

Want to know which companies shell out the most for salaries?

Lufthansa cuts profit targets after 'repeated terror attacks'
Photo: DPA

Terror attacks in Europe and "political and economic uncertainty" have prompted German airline Lufthansa to cut its full-year profit target, the company said Wednesday.

German investor confidence hits 4-year low on Brexit fears
Photo: DPA

Investor confidence in Germany fell to its lowest level in nearly four years in July on concerns about the fallout from the British vote to quit the European Union, a leading survey showed on Tuesday.

‘Man of private means’ increasingly popular lifestyle

For decades after the Second World War almost every German put in a hard day’s work to provide for the family. Now over half a million are putting up their feet and letting their money work for them.

Deutsche Bank to close almost 200 branches
Photo: DPA

Germany’s largest lender is set to shut over a quarter of its branches across the country as the company goes through a major restructuring process.

Google CEO defends Europe tax practices
Google faces a raft of fiscal probes across the continent. Photo: AFP

Google CEO Sundar Pichai hit back Sunday at accusations that the global internet giant failed to pay enough taxes in Europe, and warned of the potential fallout from Britain leaving the EU.

Germany top career choice for Brits fleeing Brexit
Travellers at the airport in Frankfurt, Germany's financial hub. Photo: DPA.

A new report shows that for those Brits already packing their bags and briefcases in anticipation of Brexit, Germany is by far the top destination.

Germany sells first ever bonds with negative interest rates
Photo: DPA

Oops, Brexit did it again.

Property firms expect Frankfurt to win big on Brexit
Frankfurt. Photo: DPA

Will Brexit bring London rents to the Main?

German steelmaker defends merger talks with Tata Steel
"We have always said that we consider a consolidation in the European steel sector necessary due to the very difficult economic situation," a Thyssen spokeswoman said. Photo: DPA

German conglomerate ThyssenKrupp on Saturday defended merger talks with Indian rival Tata Steel saying the consolidation of the sector in Europe was necessary due to the "difficult economic situation".

Spain judge charges VW with fraud over emissions
Volkswagen last month agreed to a record payout in the US. Photo: AFP/DPA

A Spanish judge has charged Volkswagen with fraud and damage to the environment over an emissions-cheating scandal which has plunged the German automaker into crisis, a statement said Friday.

Future of old Berlin airports to be decided Friday
Photo: dpa

With no opening date for Berlin's new international airport yet in sight, politicians will meet with planners on Friday to discuss what to do with the capital's existing airports.

Schäuble warns of 'race to bottom' after UK tax cut plans
Wolfgang Schäuble. Photo: DPA

Finance Minister Wolfgang Schäuble said Wednesday he opposes a race of competitive tax cuts in Europe after Britain indicated it may slash corporate tax.

New €50 note is forgeable, claims German police union
Real and forged €50 notes. Photo: DPA

The European Central Bank (ECB) unveiled a new "state-of-the-art" €50 bill on Tuesday. A German police union said criminals would find a way to forge it.

Prosecutors raid Ryanair staff rooms at 6 German airports
Touchdown? Photo: DPA

State prosecutors in Koblenz raided Ryanair crew rooms in six airports across Germany, accusing the discount airline of tax evasion and unfair labour practises, it was reported on Wednesday.

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