germany

Why should America anchor Germany’s defense? It cuts deals with Russia, has never met its NATO commitment, and is the most anti-American nation in Europe.  President Trump recently ordered a 12,000-troop reduction in American military personnel stationed in Germany. That leaves about 24,000 American soldiers still in the country. A little more than half of …

Shares of German biotechnology firm CureVac nearly tripled in their Nasdaq debut Friday, marking the first stock market debut of a company developing a potential vaccine to combat the novel coronavirus. The stock opened at $44 per share, up from the initial public offering price of $16 per share. CureVac, backed by Microsoft founder and …

Daimler, the maker of Mercedes-Benz cars, says it has reached an agreement in principle to settle US claims over emissions from its diesel vehicles for over $2.2 billion. The Stuttgart, Germany-based automaker said late Thursday that the agreement with various US authorities concerns civil and environmental claims involving about 250,000 diesel cars and vans. The …

After thousands of people took to the streets of Berlin to protest mask mandates and other measures to slow the spread of coronavirus, German politicians are warning of a potential second wave of the virus. Markus Söder, the premier of the regional state of Bavaria and a potential candidate to succeed Chancellor Angela Merkel, warned …

In a move that sparked bipartisan criticism, the Trump administration announced Wednesday that the U.S. will pull nearly 12,000 troops from Germany, a decision President Trump said is a response to Germany’s reluctance to spend a greater share of its gross domestic product on defense. About a third, 11,800 Army and Air Force units, of …

Your body may not survive, but rock ‘n’ roll never dies. Contact tracers in Germany are asking 4,000 brave music fans to attend an upcoming concert for the sake of science. The cohort of concertgoers will be there to watch Euro-pop singer Tim Bendzko, but their presence in the crowded indoor arena will serve the …

Germany has banned Tesla from repeating what a court says are misleading advertising statements relating to the capabilities of the firm’s driver assistance systems and to autonomous driving, a Munich judge ruled on Tuesday. Tesla can appeal the ruling. The case was brought by Germany’s Wettbewerbszentrale, an industry-sponsored body tasked with policing anti-competitive practices. The …

Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books that its auditor EY said was the result of a sophisticated global fraud. The payments company filed for insolvency at a Munich court saying that, with 1.3 billion euros ($1.5 billion) of loans due within a week, its …

German authorities arrested former Wirecard CEO Markus Braun days after he left the payments company amid a $2.1 billion accounting scandal. Munich prosecutors accused Braun of using bogus income from transactions with “third-party acquirers” to inflate Wirecard’s assets and sales volume and make it more attractive to investors. Braun turned himself in Monday evening and …

The $2.1 billion that went missing from Wirecard’s accounts likely never existed in the first place, the German payments processor said Monday as a massive financial scandal engulfed the company. Wirecard admitted last week that it couldn’t confirm the existence of some 1.9 billion euros attributed to its bank trust accounts last year. But the …