Frankfurt

BERLIN | German police raid 16 homes of suspected Islamic extremists

BERLIN (AP) — German police are searching 16 homes of alleged Islamic extremists in central and western Germany. Frankfurt prosecutor Nadja Niesen said Thursday that authorities were acting on the suspicion that the extremists were planning an attack. Niesen said she could not give any further details because the searches were still ongoing. Authorities raided … Continue reading BERLIN | German police raid 16 homes of suspected Islamic extremists

FRANKFURT, Ky | Teen at center of video confrontation with Native American says he did nothing to provoke, was trying to calm situation

FRANKFURT, Ky.  —January 20, 2019—  Teen at center of video confrontation with Native American says he did nothing to provoke, was trying to calm situation. By Associated Press

Crypton Expands to Europe: U.S. Performance Fabric Leader to Debut at Heimtextil

  BLOOMFIELD HILLS, MICH./ JANUARY 04, 2019 (STL.News) Crypton®, a leading provider of performance fabric technologies in the contract design and residential home furnishings markets, has announced that it is entering the European market. Crypton Europe will launch at the Heimtextil trade show in Frankfurt January 8 – 14, 2019, in Hall 4, Floor 2, … Continue reading Crypton Expands to Europe: U.S. Performance Fabric Leader to Debut at Heimtextil

FRANKFURT, Germany | Markets seesaw; Dow slides 400 after record, one-day gain

FRANKFURT, Germany — More wild market swings appeared imminent Thursday, with U.S. stocks heading sharply lower after the largest single-day gain in history for the Dow. Slowing economic growth globally and a partial U.S. government shutdown heading into its sixth day whipsawed markets from Europe to Asia. Dow futures pointed to a 400-point loss less … Continue reading FRANKFURT, Germany | Markets seesaw; Dow slides 400 after record, one-day gain

FRANKFURT, Germany | EU leaders approve small steps to buttress euro currency

FRANKFURT, Germany  — European leaders agreed Friday to press ahead with work toward a limited, common eurozone budget and took other steps to strengthen the currency union’s resistance to downturns and crises. The budget proposal leaves its size undefined and it appeared to fall short of more sweeping ideas pushed by French President Emmanuel Macron. … Continue reading FRANKFURT, Germany | EU leaders approve small steps to buttress euro currency

Business News: United Airlines Announces New Nonstop Service Between Denver and Frankfurt, Germany

DENVER, CO – United Airlines (UAL), the U.S. carrier with the most service to Germany, today announced it will begin its 15th daily nonstop flight between the United States and Germany from its hub at Denver International Airport.  The airline announced it will begin year-round service between Denver and Frankfurt, Germany, beginning May 2, 2019, … Continue reading Business News: United Airlines Announces New Nonstop Service Between Denver and Frankfurt, Germany

FRANKFURT, Germany | Oil plunge could help US consumers, some emerging markets

FRANKFURT, Germany— Holiday shoppers should enjoy more spending power thanks to the recent sharp drop in oil prices, though cheaper energy could also weigh on the U.S. economy by dampening investment in shale oil production. While the fall in oil prices doesn’t yet match the 2014-2016 slump to $26 per barrel, the current decline should … Continue reading FRANKFURT, Germany | Oil plunge could help US consumers, some emerging markets

FRANKFURT, Germany | Draghi: eurozone economy ‘resilient’ despite trade slowdown

FRANKFURT, Germany — European Central Bank head Mario Draghi warns that slowing world trade is proving to be a drag on the eurozone economy but says the current expansion remains “resilient” as consumers at home remain willing to spend and unemployment falls thanks to pro-business reforms. Draghi said in a speech Friday in Frankfurt that … Continue reading FRANKFURT, Germany | Draghi: eurozone economy ‘resilient’ despite trade slowdown

FRANKFURT, Germany | EU stress tests show banks more robust against a crisis

FRANKFURT, Germany — The European Central Bank says a continent-wide stress test shows banks are more resilient against financial panics than they were in the last set of tests two years ago. The ECB says 33 big banks it supervises came through a simulated recession and market crash and were left with thicker financial buffers … Continue reading FRANKFURT, Germany | EU stress tests show banks more robust against a crisis

FRANKFURT, Germany | Volkswagen profit rises despite emissions certification woes

FRANKFURT, Germany— Volkswagen saw net profit more than double in the third quarter even as sales fell due to delays certifying vehicles for new emissions tests. Profit rose to 2.76 billion euros ($3.14 billion) from an adjusted figure of 1.07 billion in the year-ago quarter. Sales revenue rose 0.9 percent to 55.2 billion euros. Vehicles … Continue reading FRANKFURT, Germany | Volkswagen profit rises despite emissions certification woes

FRANKFURT, Germany | European Leagues urge UEFA to make Champions League fairer

FRANKFURT, Germany  — The European Leagues group has urged UEFA to allocate club competition entries and billions in Champions League prize money more fairly. The proposal on Friday includes reversing changes made this season giving four guaranteed Champions League entries to Spain, England, Italy, and Germany, plus more guaranteed prize money to storied clubs with … Continue reading FRANKFURT, Germany | European Leagues urge UEFA to make Champions League fairer

FRANKFURT, Germany | German financial center of Frankfurt unveils new ‘Old City’

FRANKFURT, Germany — Germany’s financial capital of Frankfurt has unveiled its new “Old City” — 35 buildings reproduced in part an area that was destroyed during World War II bombings. Mayor Peter Feldmann officially opened the 200 million-euro ($234 million) project on Friday, declaring that “we are giving the city its heart and soul back.” … Continue reading FRANKFURT, Germany | German financial center of Frankfurt unveils new ‘Old City’

FRANKFURT, Germany | BMW expects hit from trade dispute and emissions tests

FRANKFURT, Germany — German luxury automaker BMW said Tuesday that its profits and sales will fall short of its forecasts this year, saying that fear of international trade conflicts has weighed on pricing and citing the impact of new emissions tests on European markets. The profit warning — the second from a major German automaker … Continue reading FRANKFURT, Germany | BMW expects hit from trade dispute and emissions tests

FRANKFURT, Germany | ECB’s Draghi: Trade war chief worry for global economy

FRANKFURT, Germany — The European Central Bank pushed forward Thursday with its plan to gradually phase out its monetary stimulus, saying it is confident in the region’s growth. But its president, Mario Draghi, warned that the United States’ trade dispute with several major powers has become a key economic concern. The chief monetary authority for … Continue reading FRANKFURT, Germany | ECB’s Draghi: Trade war chief worry for global economy

FRANKFURT, Germany | Monitor urges more openness at Volkswagen in wake of scandal

FRANKFURT, Germany — The official overseeing Volkswagen’s court settlements in its diesel scandal says he is pushing back against the company’s withholding of information under confidentiality rules. Larry Thompson said he has disagreed with Volkswagen’s use of attorney-client privilege to delete information from documents submitted to him. Thompson, a former deputy U.S. attorney general, make … Continue reading FRANKFURT, Germany | Monitor urges more openness at Volkswagen in wake of scandal

FRANKFURT, Germany | Trade cease-fire with Trump boosts German business optimism

FRANKFURT, Germany — A leading economic institute says its index of German business optimism rose in August thanks to an easing of trade tensions between the European Union and U.S. President Donald Trump. The index compiled by the Munich-based Ifo institute rose to 103.8 points from 101.7 in July. The result was better than the … Continue reading FRANKFURT, Germany | Trade cease-fire with Trump boosts German business optimism

FRANKFURT, Germany | New speculation on successor to European bank chief Draghi

FRANKFURT, Germany  — A German news media report has stirred new speculation about who will succeed Mario Draghi as head of the European Central Bank, one of the globe’s most powerful economic policy jobs. The Handelsblatt business publication, citing unnamed government sources, reported Thursday that Chancellor Angela Merkel is willing to drop plans to push … Continue reading FRANKFURT, Germany | New speculation on successor to European bank chief Draghi

FRANKFURT, Germany | Bayer shares plunge in wake of Monsanto weed killer verdict

FRANKFURT, Germany  — Shares in German farm chemicals, materials and drug company Bayer have plunged in the wake of a U.S. court verdict against Monsanto, which Bayer has acquired. Shares of Leverkusen-based Bayer fell 11 percent Monday in morning trading in Europe to 83.09 euros per share. A jury in U.S. federal court in California … Continue reading FRANKFURT, Germany | Bayer shares plunge in wake of Monsanto weed killer verdict

FRANKFURT, Germany | Spending on future tech eats into BMW quarterly profit

FRANKFURT, Germany— Luxury carmaker BMW says that net profit fell 6 percent in the second quarter as the company spent more on developing new technologies for electric, autonomous and digitally connected automobiles. Profit came in at 2.08 billion ($2.42 billion), down from 2.22 billion in the year-earlier quarter. Revenues fell 2.9 percent to 25.02 billion … Continue reading FRANKFURT, Germany | Spending on future tech eats into BMW quarterly profit

FRANKFURT, Germany | Siemens sees lower profit, but books more big-ticket orders

FRANKFURT, Germany — Siemens AG saw net profit fall 14 percent in the most recent quarter as higher taxes and lagging profits at its oil and gas business weighed on earnings. On the positive side, the Munich-based company said Thursday it booked sharply higher orders, a key factor for earnings down the road. Those included … Continue reading FRANKFURT, Germany | Siemens sees lower profit, but books more big-ticket orders

FRANKFURT, Germany  | Aeromexico crash: Stronger planes can mean fewer fatalities

FRANKFURT, Germany  — An aviation expert says passengers in plane crashes like Tuesday’s Aeromexico accident — in which no one died — have better chances of survival due to more robust aircraft construction. Air safety investigator Adrian Young, from the Netherlands-based consultancy To70, said that crash survival rates “are higher than they have ever been” … Continue reading FRANKFURT, Germany  | Aeromexico crash: Stronger planes can mean fewer fatalities

FRANKFURT, Germany  | Volkswagen sees profit rise but warns on trade disputes

FRANKFURT, Germany  — Volkswagen said its earnings rose in the second quarter on record sales and fatter profit margins, but warned that “growing protectionism” is a threat to the globally connected car industry. The automaker based in Wolfsburg, Germany, said Wednesday that profit increased 6.8 percent to 3.31 billion ($3.85 billion) euros, despite a charge … Continue reading FRANKFURT, Germany  | Volkswagen sees profit rise but warns on trade disputes

FRANKFURT, Germany | Volkswagen profit rises 6.8 percent despite diesel costs

FRANKFURT, Germany — Volkswagen says its profits rose 6.8 percent in the second quarter compared to the year-earlier quarter despite 1.6 billion euros ($1.9 billion) in charges for its diesel problems. The Wolfsburg, Germany-based automaker said Wednesday that profit rose to 3.31 billion euros from 3.10 billion a year earlier. Revenues rose 3.4 percent to … Continue reading FRANKFURT, Germany | Volkswagen profit rises 6.8 percent despite diesel costs

FRANKFURT, Germany | European economy slows amid trade fears

FRANKFURT, Germany — Europe’s economy slowed further in the second quarter amid concerns over global trade disputes, official figures showed Tuesday. Growth in the 19 countries that use the euro currency eased to a quarterly rate of 0.3 percent, weaker than markets had expected and down from 0.4 percent in the first quarter. Fear that … Continue reading FRANKFURT, Germany | European economy slows amid trade fears

FRANKFURT, Germany | European Central Bank says rates will remain low for months

FRANKFURT, Germany — The European Central Bank is stressing that interest rates will stay low well into next year even as the U.S. Federal Reserve is expected to keep raising rates in coming months. The central bank for the 19 countries that use the euro left its key rates and monetary stimulus settings unchanged at … Continue reading FRANKFURT, Germany | European Central Bank says rates will remain low for months

FRANKFURT, Germany | Daimler earnings hit by trade tensions, emissions rules

FRANKFURT, Germany — German automaker Daimler AG said Thursday that its net profit fell 27 percent in the second quarter as the company confronted multiple challenges including trade tensions, weak pricing for its luxury cars, and recalls and product delays related to diesel emissions. Net profit fell to 1.8 billion euros ($2.1 billion), from 2.5 … Continue reading FRANKFURT, Germany | Daimler earnings hit by trade tensions, emissions rules

FRANKFURT, Germany | Automaker Daimler sees Q2 earnings sag on weak pricing

FRANKFURT, Germany — German automaker Daimler AG said Thursday that its net profit fell 27 percent in the second quarter as the company confronted multiple challenges including trade tensions, weak pricing for its luxury cars, and recalls and product delays related to diesel emissions. Net profit fell to 1.8 billion euros ($2.1 billion), from 2.5 … Continue reading FRANKFURT, Germany | Automaker Daimler sees Q2 earnings sag on weak pricing

FRANKFURT, Germany | Troubled Deutsche Bank accelerates restructuring

FRANKFURT, Germany — Germany’s struggling Deutsche Bank said Wednesday that its net profit fell less than expected in the second quarter as it was making quick progress in cutting costs and reshaping its business model after three straight years of losses. Net profit fell to 401 million euros ($467 million) from 466 million euros a … Continue reading FRANKFURT, Germany | Troubled Deutsche Bank accelerates restructuring

FRANKFURT, Germany | Survey shows German economy resisting trade fears _ so far

FRANKFURT, Germany — A closely watched index of confidence among German business executives barely fell in July, suggesting that for now Europe’s largest economy remains unharmed by growing global conflict over trade. The Ifo institute index fell to 101.7 points from 101.8 points in June. Business leaders were somewhat more satisfied with how things are … Continue reading FRANKFURT, Germany | Survey shows German economy resisting trade fears _ so far

FRANKFURT, Germany  | Trade war fears a clear concern of European bank officials

FRANKFURT, Germany  — Top officials at the European Central Bank expressed confidence at their last policy meeting that the eurozone economy remains “broadly on track” but expressed concern that rising trade protectionism could dampen business confidence and blunt the recovery. The assessment was contained in the written account of the bank’s June 14 policy meeting … Continue reading FRANKFURT, Germany  | Trade war fears a clear concern of European bank officials