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Friday, November 22, 2019

Monthly Archives: September 2019

Commerzbank to cut more jobs and close branch offices

For Commerzbank boss Martin Zielke, there is no alternative to a drastic cuts after the failed merger attempt with Deutsche Bank. Many employees will be laid off, and business will be more expensive for customers. Commerzbank, Germany's second-largest bank,...

Did secret service know more than claimed in Lübcke murder case?

The Hessian Office for the Protection of the Constitution might have known more about Lübcke's alleged murderer than was initially admitted. A secret paper incriminates the authority. Growing evidence is surfacing that the Hessian Office for the Protection...

Grand coalition presents new plan to meet 2030 climate goals

The CDU/CSU and SPD have put together a climate protection package in order to align Germany with the 2030 emission targets of the Paris Agreement. Over the next few years, consumers will have to be prepared for higher prices at petrol stations....

German economy: on the brink of recession?

After a sluggish start in 2019, researchers at the Kiel Institute for the World Economy now expect a further decline. However, the experts are more optimistic for 2020. According to leading researchers, the German economy is on the threshold...

Climate protection in transport to cost 75 billion

Transport Minister Scheuer wants to make the transport sector more climate-friendly with a billion-euro package. Before a high-level meeting of the government on Friday evening, the governing parties will reiterate their positions. Federal Transport Minister Andreas Scheuer (CSU)...

ECB raises penalty interest rates and restarts bond-buying programme

Going forward, banks will have to pay 0.5 percent interest if they store money at the central bank. The ECB is also resuming its controversial bond- buying programme. The European Central Bank (ECB) has raised penalty interest rates...

State elections in East Germany: a pyrrhic victory over the far right

State elections in the East German states of Saxonia and Brandenburg this Sunday yielded what can only be described as a new historic low for the political establishment, both on the left side of the spectrum for the SPD (Social Democrats) and...