Germany’s economic upswing remains strong despite the threat of protectionist US trade policies and the government should use its budget surplus to increase investment to help to reduce its large current account surplus, the OECD said.
German Chancellor Angela Merkel has once again defended the Iran nuclear deal in talks with Israeli Prime Minister Benjamin Netanyahu, who is in Europe to persuade its leaders to follow the US and quit the multilateral accord.
Germany’s biggest lenders have shied away from business with Iran after past penalties for breaching US sanctions, but smaller banks have leapt on opportunities afforded by the nuclear deal rejected by President Donald Trump.
A senior official from Turkey’s ruling Justice and Development Party (AKP) has again blasted the German government for refusing to allow Turkish politicians to campaign for the June election, saying that ban is a sign of deficit in the German democracy.
A court in Germany has rejected a fresh call from prosecutors to have Catalonia's former President Carles Puigdemont back into custody pending a decision on his extradition to Spain, where he has led a controversial movement for the independence of Catalonia.
German newspaper Sueddeutsche has pulled a cartoon that depicted Israeli Prime Minister Benjamin Netanyahu in a controversial outfit, apologized for using it and fired the cartoonist who drew the image.
Germany’s democratic socialist political party Die Linke has proposed a draft bill aimed at banning weapons exports to Saudi Arabia and the United Arab Emirates (UAE) for their role in the three-year-old Yemen war, which has claimed the lives of thousands of civilians in the impoverished Arab country.
Even before Bundesbank will publish its annual statistics on the consolidation in the German banking industry in May, there are already indications that the total number of banks and branches has dropped even further. Banks from abroad or those focusing on very specific customer groups are among the few that are expanding.