Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
Germany’s Commerzbank Sues EY for Losses Incurred in Wirecard Collapse
Jan 23 2023 // The German lender Commerzbank is suing accounting firm EY over the 200 million euros ($216.12 million) in losses that it incurred in the collapse of Wirecard, a bank spokesperson said on Thursday. Wirecard’s downfall...
Germany to Drop Mask Mandate in Long-Distance Transport Next Month
Jan 18 2023 // Germany will soon drop a mask mandate on long-distance trains and buses, one of the country’s last remaining COVID-19 restrictions, the health minister said Friday. The mandate will be dropped on Feb. 2, Health...
Tesla Under Fire in Germany Over Union Concerns on Worker Safety, Contracts
Jan 18 2023 // BERLIN, Jan 16 (Reuters) — Tesla has come under fire from German union IG Metall and politicians over allegations by workers of unreasonable working hours and fears over speaking out at its Brandenburg plant, with some...
Germany Joins Opposition to EU Ban on Commission-Based Financial Products
Jan 17 2023 // Banning commission-based sales of financial products from banks and insurers would be a “serious setback” to the European Union’s capital market and limit choice for consumers, Germany’s finance...
German Authorities Recover Significant Part of Haul From 2019 Jewelry Heist
Dec 19 2022 // German authorities said Saturday that they have recovered a significant part of the 18th-century treasures stolen from Dresden’s Green Vault museum in a spectacular break-in more than three years ago. Prosecutors and...
Germany’s BASF to Restore Polluted Superfund Site in New Jersey
Dec 9 2022 // TOMS RIVER, N.J. (AP) — The German chemical company BASF will restore damaged natural resources at a notorious Superfund site where decades or pollution and illegal dumping caused vast contamination of the environment,...
Former Wirecard Executives in the Dock as Germany’s Biggest Fraud Trial Begins
Dec 6 2022 // Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany’s biggest post-war fraud scandal and sent shockwaves through the country’s...
Zurich Insurance Plc Plans to Redomicile From Ireland to Germany in Post-Brexit Move
Nov 22 2022 // Zurich Insurance Plc (ZIP), the Dublin-based wholly owned subsidiary of Zurich Insurance Group, plans to relocate to Germany as a result of the UK’s exit from the European Union. Since the Irish unit includes the...
4 German Carmakers, Bosch Manipulated Emissions Software, Environment Group Says
Nov 18 2022 // Germany’s top four carmakers and parts supplier Bosch knowingly broke rules when developing a type of emissions software, an environmentalist group said on Thursday, in a years-long legal battle that could open the...
Everest Insurance Launches Branches in France and Germany
Oct 24 2022 // Everest Insurance, the insurance division of Everest Re Group Ltd., announced its further expansion into the European market with the opening of two new branches in Paris, France and Düsseldorf, Germany. Plans for a third...
Allianz’s Digital Investments Arm Acquires German Insurtech simplesurance
Sep 30 2022 // Allianz X, the digital investments arm of Allianz Group, will acquire 100% of the shares in Berlin-based simplesurance. Allianz X has been a strategic investor in the Berlin-based insurtech company since 2016 and most...
Cocktail of Chemicals Contributed to Massive Fish Die-off on Oder River: German Official
Aug 24 2022 // Several substances seem to have contributed to the massive fish die-off in the Oder River that forms much of Germany’s border with Poland, a German official said Monday. Numerous theories have been floated about the...
Rhine River Water Levels in Germany Keep Falling, Forcing Ships to Sail Partly Loaded
Aug 8 2022 // Water levels on the Rhine in Germany fell again during hot dry weather over the weekend and cargo vessels cannot sail fully loaded, vessel brokers and commodity traders said on Monday. Shallow water is causing problems for...
People Moves: Howden RE Hires Former Carpenter Exec Thienel to Launch German Unit; MGA Alta Signa Appoints Kisters as Professional Indemnity Manager, Netherlands
Jul 26 2022 // This edition of International People Moves details appointments at the broker Howden RE and the MGA Alta Signa Europe. A summary of these new hires follows here. Howden RE Hires Former Carpenter Exec Thienel to Launch...
Low Water Levels in Rhine River Could Have Similar Hit on German Economy as 2018
Jul 20 2022 // Low water levels in the Rhine river may have a similar impact on German economic output as they did in 2018, according to Berenberg. That was the last year in which the river — a key waterway that’s critical...
Tesla Sued in Germany Over Car Surveillance Cameras, Carbon Footprint Claims
Jul 19 2022 // Tesla Inc. was hit by a lawsuit in Germany over potential privacy concerns linked to its car surveillance cameras and claims that buying its vehicles helps cut CO2 emissions. VZBV, the main German consumer association,...
German Insurtech wefox Raises $400M, Increasing Valuation to $4.5B
Jul 12 2022 // Berlin insurtech wefox reports it has closed a Series D funding round of US$400 million and increased its valuation to US$4.5 billion. The round included both equity and debt. Abu Dhabi sovereign investor Mubadala...
Tesla Software Glitch Affects 59,000 Vehicles Globally: German Road Traffic Agency
Jul 6 2022 // FRANKFURT – Germany’s road traffic agency said it was recalling Tesla models Y and 3 because of a fault in the automatic emergency call system that affects 59,000 vehicles globally. The KBA watchdog said on its...
Insured Losses From February’s Windstorms in Europe Could Reach €4.5 Billion: RMS
Mar 2 2022 // Insured losses from February’s windstorms Dudley and Eunice will likely fall between 3.0 and 4.5 billion Euro (US$3.4 and US$5.1 billion), with Germany accounting for around 40% of the total loss, according to risk...
VW Fears Most of Its Cars on Cargo Ship ‘Felicity Ace’ Are Beyond Salvage
Feb 26 2022 // Volkswagen AG has lost hope that many of its roughly 4,000 vehicles aboard a cargo ship that caught fire last week in the Atlantic can be saved. The automaker’s brands and dealers have started notifying customers...
