Deutsche Bank buys Sal. Oppenheim for €1 billion
Germany's Deutsche Bank on Wednesday announced it had struck a deal to buy Sal. Oppenheim, a Luxembourg-based private banking group, for €1.0 billion ($1.5 billion).
Day: October 28, 2009
Lufthansa nosedives into the red
Germany's top airline Lufthansa plunged to a nine-month loss and warned of "very considerable risks" ahead on Wednesday as it worked to integrate Austrian Airlines and British Midland into its business.
Broadcast group ProSiebenSat.1 planning paid TV options
Heavily indebted private German broadcaster ProSiebenSat.1 wants to move into paid TV channels to help increase revenues, financial daily Handelsblatt reported on Wednesday.
Merkel’s stealth reform agenda
Chancellor Angela Merkel’s new centre-right coalition of conservative Christian Democrats and pro-business Free Democrats wants to avoid being stigmatised as a callous, neoliberal reform project. But Zeit Online’s Katharina Schuler argues the government has already set Germany on the path for dramatic change.
Angela Merkel: ‘Madame Non’ or world’s most powerful woman?
German Chancellor Angela Merkel, who was formally re-elected to a new term Wednesday, has topped Forbes magazine's list of the world's most powerful women four years running, and just grew stronger.
‘Veil martyr’ trial delayed by defendant tantrum
The man on trial for murdering Marwa El-Sherbini, a pregnant Egyptian woman who died in a Dresden courtroom, delayed the third day of legal proceedings against him on Wednesday by intentionally banging his head on a table.
Former Nazi SS hit man goes on trial in Aachen
One of Germany’s last Nazi war crime trials began on Wednesday in Aachen against 88-year-old Heinrich Boere, a Dutch-born former SS hit man accused of killing three of his countrymen.
Merkel embarks on second term
German Chancellor Angela Merkel formally embarked on a second term on Wednesday, leading a new centre-right coalition that has pledged to make Europe's biggest economy emerge stronger from the global financial crisis.
Protestants pick first woman to lead church
Hannover Bishop Margot Käßmann became the first woman to lead the Protestant church in Germany on Wednesday after the majority of the synod voted in her favour.
Ministries outsourced laws 60 times since 2000
Germany's federal ministries have consulted external companies for drafting laws some 60 times since 2000, daily Saarbrücker Zeitung reported on Wednesday.
One ninth of German workforce made redundant during crisis
Since the global financial crisis began a year ago, one out of every nine Germans have lost their jobs, according to a trade union study cited by daily Rheinische Post on Wednesday.
U2 to mark Wall anniversary with free concert in Berlin
Superstars U2 announced Wednesday they will perform a free concert at Germany's Brandenburg Gate to mark the 20th anniversary of the fall of the Berlin Wall.
Stuttgart coach on thin ice after defeat
VfB Stuttgart coach Markus Babbel's position is on thin ice after the Bundesliga club suffered a 1-0 shock defeat on Tuesday in the third round of the German Cup at second division Greuther Fürth.