EU bank could demand loans back from VW – EIB chief in paper

[Buzz_Burner_Fresh_Updates] EU bank could demand loans back from VW – EIB chief in paper – reuters.com FRANKFURT, Oct 11 (Reuters) – The European Investment Bank (EIB) will examine whether Volkswagen used any loans from the European Union to cheat on emissions tests for diesel vehicles and could demand money back, EIB chief Werner Hoyer told […]

Deutsche Bahn plans thousands of job cuts in overhaul: sources

[Buzz_Burner_Fresh_Updates] Deutsche Bahn plans thousands of job cuts in overhaul: sources – reuters.com BERLIN (Reuters) – German rail operator Deutsche Bahn has plans to introduce radical savings measures, including cutting thousands of jobs, especially in its freight business, sources familiar with the plans told Reuters on Thursday. Continue Reading On reuters.com »  

Merkel says VW scandal has not hurt Germany's reputation as good place for business

[Buzz_Burner_Fresh_Updates] Merkel says VW scandal has not hurt Germany's reputation as good place for business – reuters.com BERLIN (Reuters) – German Chancellor Angela Merkel told a German radio station that the emissions scandal around German carmaker Volkswagen was “drastic” but the damage was not so great that Germany was no longer deemed a good place […]

U.S. business groups oppose exceptions in Pacific trade pact + MORE

[Buzz_Burner_Fresh_Updates] U.S. business groups oppose exceptions in Pacific trade pact – reuters.com ATLANTA (Reuters) – U.S. business groups have voiced their opposition to blocking specific products, like tobacco, from rules letting foreign companies sue governments over damage to investments as Pacific trade ministers gather to finalize an ambitious trade deal. Continue Reading On reuters.com » […]

Volkswagen braces for hit to business from emissions scandal

[Buzz_Burner_Fresh_Updates] Volkswagen braces for hit to business from emissions scandal – reuters.com BERLIN (Reuters) – Volkswagen has imposed a hiring freeze at its financing business and cut a shift at a German engine factory as it braces for a hit to business from cheating in diesel emissions tests. Continue Reading On reuters.com »  

UPDATE 3-German government boosts funding to states for refugees + MORE

[Buzz_Burner_Fresh_Updates] SEC wins big fines in BankAtlantic case, appeal expected – reuters.com Sept 24 (Reuters) – A federal judge ordered BBX Capital Corp, a Florida company once known as BankAtlantic Bancorp, and Chief Executive Alan Levan to pay $4.55 million and $1.3 million of fines respectively after being found liable for defrauding investors before the […]

Vonovia doubtful of benefits of Deutsche Wohnen merger-CFO in paper

[Buzz_Burner_Fresh_Updates] Vonovia doubtful of benefits of Deutsche Wohnen merger-CFO in paper – reuters.com FRANKFURT, Sept 19 (Reuters) – German real estate company Vonovia is not convinced that a tie-up with smaller rival Deutsche Wohnen would be in the best interest of its shareholders, its chief financial officer told a German newspaper. Continue Reading On reuters.com […]

ECB's Weidmann – cheap money cannot spur sustained growth

[Buzz_Burner_Fresh_Updates] ECB's Weidmann – cheap money cannot spur sustained growth – reuters.com BERLIN, Sept 15 (Reuters) – European Central Bank policymaker Jens Weidmann took aim at the ECB’s monetary stimulus in a German newspaper interview, saying a loose policy stance cannot support sustained growth and creates risks over time. Continue Reading On reuters.com »  

BMW eyes new business opportunities with autonomous cars

[Buzz_Burner_Fresh_Updates] BMW eyes new business opportunities with autonomous cars – reuters.com FRANKFURT (Reuters) – German carmarker BMW is preparing to rethink its products, design and business models for the advent of driverless cars, a board member at the Bavarian company said on Tuesday. Continue Reading On reuters.com »