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With Siemens deal, it’s Germany to the rescue in Iraq
The almost-done Siemens deal in Iraq is much more than a business coup. It's an example of German soft power hard at work that could have an impact on everything from immigration and a culture of corruption, to how the next Iraqi government is formed.
Commerzbank staff get the blues after DAX exit
A messy revamp and merger fears are unsettling Commerzbank staff, already crestfallen at their employer's humiliating decline on the stock market. But CEO Martin Zielke is determined to make the bank rise again.
Empty chairs and full streets: Germany prepares for the Turkish leader
Voting with our seat on Erdogan's visit, while Siemens prepares a boon for Baghdad and Berlin backpedals on Maassen. Our Daily Briefing on September 24, 2018.
Berlin rescinds domestic spy chief Maassen’s promotion
Angela Merkel’s coalition government has agreed a new deal on the future of controversial head spy Hans-Georg Maassen. But the mess has highlighted the government’s continuing division.
Siemens closes in on massive Iraq deal
Insiders say the German industrial giant is close to winning huge contracts to rebuild Iraq’s power grid. The project, with a budget bigger than the GDP of some countries, is strongly backed by the German government.
East German nostalgia e-scooter firm to roll into stock market
By reviving a GDR scooter and turning it into an electric retro moped, Govecs hopes to raise €60 million with a stock-market listing planned for next month.
Private jets swoop down on unreliable airlines
Increases in delays, fares and waits at airport security checks are driving business users from scheduled flights to private jets. But image problems in the sector linger.
The Berlin Muslims reforming Islam, one co-ed prayer meeting at a time
A female cleric. Men and women praying together in the same room. Berlin’s liberal mosques are working toward an Islamic reformation, all while avoiding death threats.
Germany’s housing crisis is now an expat problem
The pressure is on for city-dwellers as a chronic shortage of homes, either for rent or purchase, hits every walk of life.
Why the Bundesbank shuns liability-sharing in Europe
Many ideas to strengthen the euro-zone involve a "mutualization of risk" without enough accountability, says Jens Weidmann, boss of Germany's central bank. This oft-repeated message taps into a German school of thought that's easy to spot.
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