Articles by Patrick Donahue

Germany to Reform Regulation of Insurers, Banks, Payment Firms on Wirecard Scandal

German Finance Minister Olaf Scholz intends to unveil a reform of the government’s financial oversight, as the widening scandal over the collapse of Wirecard AG reaches the highest levels of Chancellor Angela Merkel’s government. Scholz’s 16-point “action plan” would install …

Russia Aims to Complete Nord Stream Gas Pipeline, Despite U.S. Objections

Russia’s Gazprom PJSC has made a request with the Danish government to deploy new vessels in the Baltic Sea for work on the disputed Nord Stream 2 gas pipeline, Denmark’s environmental protection agency said. The application is the latest signal …

Chinese Acquisitions of High-Tech Firms Pose Security Risk: German Spy Chief

Chancellor Angela Merkel’s top counterintelligence official said Chinese acquisitions of high-tech companies in Germany represent a potential national-security threat. The head of Germany’s top domestic intelligence agency, Hans-Georg Maassen, highlighted the issue in an annual report on security risks that …

There Is ‘Real Risk of Brexit No-Deal by Accident,’ Warns UK Foreign Secretary

British Foreign Secretary Jeremy Hunt said the U.K. will not “blink” in Brexit negotiations, as he warned the European Union it risks forcing the country to crash out of the bloc with no deal. On his first trip to Berlin …

China, EU Re-Commit to Paris Climate Agreement – Even if U.S. Withdraws

Chinese Premier Li Keqiang said the world’s No. 1 polluter will stick to its pledges to tackle global warming, underscoring the risk of U.S. isolation if President Donald Trump pulls out of the Paris climate accord. Li made his comments …

German Police Resume Hunt for Killer in Christmas Market Terrorist Attack

German investigators intensified their search for the perpetrator of a deadly truck assault on a Christmas market in Berlin after an initial suspect was released, deepening the fear and uncertainty over what Chancellor Angela Merkel called a terrorist act. The …

Paris Killings Seen Fueling Anti-Islam Movements in Europe

The killing of at least 12 people at a French magazine that received threats because of its depiction of Islam stands to exacerbate burgeoning anti-Muslim sentiment in Europe, political analysts said. The shooting by masked gunmen at the satirical weekly …

Germans Battle Rising Floods Threatening Historic Cities

Firefighters, soldiers and volunteers in eastern Germany toiled through the night to defend against floods that have submerged towns, villages and farmlands for the second time in 11 years. Crews in Dresden, home to the 18th century Frauenkirche that was …