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Commerzbank to make one in five staff redundant by 2020
Photo: DPA

Germany's second largest lender Commerzbank said on Thursday it plans to cut 9,600 jobs by 2020 and withhold dividends to pay for a €1.1 billion restructuring.

Air Berlin to cut 1,200 jobs and halve airline fleet
Photo: DPA.

Struggling Air Berlin, Germany's second-largest airline, announced on Wednesday a major restructuring plan that shrinks its fleet and cuts 1,200 jobs.

Govt denies planning bailout for troubled Deutsche Bank
Photo: DPA

Germany's finance ministry on Wednesday said the government was "not preparing rescue plans" for Deutsche Bank, denying a newspaper report that state aid was being considered for the embattled lender.

Munich at high risk of housing bubble: report
A view of Munich. Photo: Pexels.com

Considering buying property in Munich? This report might make you think twice.

 France turns to Germany for contract in assault rifles
The HK 416 F weapon is used by the Norwegian armed forces. Photo: Norwegian home guard

The French FAMAS rifle that the German HK416 will replace was designed more than 40 years ago.

EasyJet 'in talks to buy German airline' to duck Brexit
Photo: DPA

EasyJet is in talks to acquire TUIfly, a board member of the German carrier said Friday, as the British no-frills airline looks for ways to keep flying freely within the EU after Britain quits the bloc.

Investors sue VW for €8.2 bn over 'dieselgate' in Germany
Photo: DPA

Volkswagen investors have filed 1,400 lawsuits seeking 8.2 billion euros in damages over the emissions cheating scandal, a German court said Wednesday, adding to the embattled car giant's legal woes.

Lufthansa signs joint venture with Air China

German airline Lufthansa and Air China said on Tuesday they had signed a deal to jointly operate all the groups' connections between Europe and China.

US DoJ hits Deutsche Bank with record $14bn fine
Analysts expect a larger fine could force the bank to make a capital increase. Photo: Deutsche Bank

The fine would be the largest ever inflicted on a foreign bank in the US.

VW investors file $2.2bn lawsuit in German court
File photo: DPA

The lawsuit was filed early on Friday afternoon.

One year on, can Volkswagen leave 'dieselgate' behind?
Photo: DPA

One year ago, Volkswagen's cheating on emissions tests for millions of its diesel cars erupted into public view, leaving the mammoth carmaker battling an unprecedented crisis.

Bayer buys Monsanto for $66 bn after months-long pursuit
Photo: DPA

German chemicals giant Bayer said on Wednesday it had signed a $66 billion (€58.8 billion) takeover deal with US seeds and pesticides firm Monsanto.

VW exec pleads guilty to emissions cheating
The EA189 engine was installed in the VW Beetle, the VW Jetta, the Sportwagen, the Golf, and the Audi A3 TDI among other diesel cars. Photo: Davi Sanchez/Flickr

James Liang, 62, is expected to help US pursue its criminal case against the German automaker.

Swiss charge banker who helped nab German tax cheats
Photo: DPA

Switzerland has charged a former employee of the country's largest bank UBS with allegedly selling German authorities the files of wealthy clients suspected of tax evasion, officials and media said Tuesday.

Brexit
Frankfurt attempts to charm banks away from London
Frankfurt am Main. Photo: DPA

Germany's finance capital has spotted an opportunity with the Brexit-wary banking beasts of the Square Mile.

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