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☆ Formed in the Cold War, former members of Germany’s Red Army Faction are now fugitives
▼ + stars: | 2024-03-17 | by ( Sophie Tanno | ) edition.cnn.com time to read: +9 min

CNN —German authorities have been tracking down the former members of the Red Army Faction (RAF), a now-defunct Cold War-era militant group, who have been on the run for nearly 30 years. The RAF, he said, emerged in what was then West Berlin, at the “crossroads” of the Cold War. The first, and most prominent period from 1970-1977, saw the group murder public officials and US soldiers and take many hostages. In April 1975, six RAF members seized the West German Embassy in Stockholm in a hostage standoff with the goal of forcing the release of imprisoned RAF members. The Red Army Faction claimed responsibility for the assassination, but the perpetrators were never brought to justice.

Persons: Baader, –, Jürgen Ponto, Siegfried Buback, Daniela Klette, Burkhard Garweg, Ernst, Volker Staub, Klette, Claudia Ivone, Garweg, Staub, pouncing, ”, Ivone, Wolfgang Kraushaar, Kraushaar, Axel, Andreas Baader, Ukrike Meinhof, Meinhof, ” Kraushaar, Helmut Schmidt, Franz Josef Strauss, Axel Springer, Springer, Alfred Herrhausen, Willy Brandt Organizations: CNN, Red Army Faction, RAF, East, Stasi, Dresdner Bank, Germany’s Public, Office, Police, ARD, ” Reuters, Bild, Red Brigades, Nihon, Springer, Criminal Police, West German Embassy, West, Meinhof Group, Reuters, Democratic, Deutsche Bank Locations: Berlin, West Germany, Kreuzberg, Bonn, Weiterstadt, German, Italy, Japan, West Berlin, Vietnam, Lower Saxony, Stockholm, Bavarian, Cologne, GDR, Democratic Republic

☆ How Germany’s Most Wanted Criminal Hid in Plain Sight
▼ + stars: | 2024-03-01 | by ( Erika Solomon | Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

It took authorities more than 30 years to hunt down one of Germany’s most wanted fugitives. For Michael Colborne, an investigative journalist running old photographs through a facial recognition service, it took about 30 minutes. Instead, the facial recognition software he used lighted upon a woman called Claudia Ivone. Another showed her in a white headdress, tossing flower petals with an Afro-Brazilian society at a local street festival. He had stumbled on an alias Ms. Klette had used for years, as she hid in plain sight in the German capital.

Persons: Michael Colborne, he’d, Daniela Klette, Baader, Meinhof, Claudia Ivone, Klette Organizations: Red Army Locations: German, Brazilian

☆ Red Army Faction Fugitive Wanted for Decades Is Arrested in Germany
▼ + stars: | 2024-02-27 | by ( Christopher F. Schuetze | ) www.nytimes.com time to read: +1 min

One of Germany’s most wanted fugitives was arrested on Monday after living in plain sight in Berlin, just miles from the seat of government that the police say she fought to overthrow in the 1990s. The woman, Daniela Klette, who had evaded the police for decades, was wanted in connection with the bombing of a prison in 1993. The police say they believe she was a guerrilla with the Red Army Faction, originally know as the Baader-Meinhof gang, Germany’s most infamous postwar terrorist group. During her time in hiding, the police say, Ms. Klette and two accomplices, Ernst-Volker Staub and Burkhard Garweg, who are also wanted in connection with Red Army Faction activities, committed at least 13 violent robberies, netting them about two million euros (a little more than $2.1 million). The police also said they found two ammunition magazines and bullets in the apartment, but no gun.

Persons: Daniela Klette, Baader, Meinhof, Klette, Ernst, Volker Staub, Burkhard Garweg, Wall Organizations: Red Army Faction, Red Army Locations: Berlin, Kreuzberg

☆ Daniela Klette: Red Army Faction suspect arrested in Germany
▼ + stars: | 2024-02-27 | by ( Story Reuters | ) edition.cnn.com time to read: +1 min

Reuters —Daniela Klette, a member of Germany’s notorious Red Army Faction (RAF) militant group, has been arrested in Berlin after decades on the run from armed robbery and attempted murder charges, prosecutors said on Tuesday. The arrest comes after a broadcast two weeks ago on the cold case show Aktenzeichen XY, in which a police appeal for information about three members of the group who are still at large, yielded 250 tips. Markus Heusler, the prosecutor on the case, confirmed that the woman detained on Monday, now aged 65, was Klette. She, along with the two other remaining fugitives from the gang, Burkhard Garweg and Ernst-Volker Staub, belong to the group’s so-called third generation. The charges facing Klette, along with Garweg and Staub, relate to millions of euros’ worth of armed robberies and at least one attempted murder committed between 1999 and 2016.

Persons: Daniela Klette, Markus Heusler, Burkhard Garweg, Ernst, Volker Staub, Andreas Baader, Ulrike Meinhof, Garweg, Staub, ” Organizations: Red Army Faction, Reuters, RAF Locations: Berlin, Cologne

It forecast an adjusted core loss of 30 million to 40 million Swiss francs ($33.4 million to $44.5 million) in 2023, compared to the previous range of 20-40 million. DocMorris also cut its 2023 external revenue outlook, expecting a high single-digit percentage decline in local currency, from a previously expected mid-single-digit drop. Its external revenue fell by 5.8% to 256 million Swiss francs in the third quarter, below the 262 million francs expected by analysts polled by the company. Redcare Pharmacy (RDC.DE) earlier in October said its third quarter sales rose by two thirds, aided by double-digit growth in sales of non-prescription products. But analysts said DocMorris had weighed on the wider sector and Redcare Pharmacy's shares fell around 3% on Thursday.

Persons: DocMorris, Redcare, Baader Helvea, Pharmacy's, Tristan Veyet, Milla Nissi, Barbara Lewis Organizations: DocMorris, Thomson Locations: Swiss, Germany, Gdansk

The headquarters of chemicals maker Lanxess are seen in Cologne, Germany November 15, 2018. "We urgently need sustainable framework conditions – above all an internationally competitive electricity tariff for the industry," CEO Matthias Zachert said in a statement. The company said implementing these measures would cost around 100 million euros. The group's second quarter core earnings (EBITDA) pre-exceptionals fell 57.7% to 107 million euros, in line with its forecast from June. In a separate statement, Lanxess said its finance chief Michael Pontzen would leave by the end of August.

Persons: Wolfgang Rattay, Matthias Zachert, Lanxess, Zachert, Baader, Konstantin Wiechert, Michael Pontzen, Linda Pasquini, Antonis Pothitos, Milla Nissi, Alexander Smith, Sharon Singleton Organizations: REUTERS, Thomson Locations: Cologne, Germany, Europe, Krefeld, Uerdingen, Gdansk

☆ 'Tourflation'? Taylor Swift, Beyoncé and Bruce Springsteen could be making inflation worse
▼ + stars: | 2023-07-11 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +4 min

Beyoncé performs onstage during the “RENAISSANCE WORLD TOUR” at PGE Narodowy on June 27, 2023 in Warsaw, Poland. "One of the things of course that struck me is how enormously high prices for concerts, for gigs have become," he told CNBC Make It. "I suspect that there is an impact on inflation overall from concert prices becoming more expensive. That's not necessarily due to one particular artist," he said, adding that concert prices themselves do, however, appear to have increased. Taylor Swift performs onstage during night one of Taylor Swift | The Eras Tour at Nissan Stadium on May 05, 2023 in Nashville, Tennessee.

Persons: Beyoncé, Kevin Mazur, Taylor Swift, Bruce Springsteen, Elton John, Harry Styles, Ed Sheeran, Natalie Merchant, Klaus Baader, It's, Filip Andersson, Andersson, it's, Philip Shaw, haven't, Baader, John Shearer, Shaw Organizations: PGE, Getty, Ticketmaster, U.K, Societe Generale, CNBC, Danske Bank, Nissan Locations: Warsaw, Poland, U.S, Sweden, Stockholm, Swedish, Nashville , Tennessee

☆ European shares edge higher as energy, bank stocks gain; US inflation data eyed
▼ + stars: | 2023-05-08 | by ( Amruta Khandekar | ) www.reuters.com time to read: +3 min

The pan-European STOXX 600 (.STOXX) rose 0.2% to 466.29 points by 0805 am GMT. The index was pressured last week when, unlike the Fed, the European Central Bank signalled more rate hikes were on the table. A slump in energy shares on weakness in crude prices also added to the declines. Energy (.SXEP) was the top sectoral gainer on Monday, up 0.8% as crude prices strengthened. Dutch Central Bank President Klaas Knot on Sunday said the ECB's rate hikes are starting to have an effect, but more will be needed to contain inflation.

☆ Adidas forecast for 2023 sales slump spooks investors
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Feb 10 (Reuters) - Adidas flagged that it expects a high single-digit decline in sales this year, sending its shares more than 10% lower in premarket trade early on Friday. Analysts on average had expected a 4% rise in 2023 revenue on a currency-neutral basis and operating profit of 1.02 billion euros, according to a consensus published on Adidas' website. The news came as it missed its own forecasts with a rise of just 1% in 2022 revenue in currency-neutral terms. Jefferies cut its recommendation on Adidas stock to "hold" from "buy", citing "challenges in articulating the mid-term profit delivery". ($1 = 0.9307 euros)Reporting by Victoria Waldersee and Maria Sheahan; editing by Kirsten Donovan and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

BERLIN/FRANKFURT, Jan 19 (Reuters) - BASF (BASFn.DE) investors said that oil and gas business Wintershall Dea's exit from Russia, though painful, clears the way for plans to take it public and for BASF to focus on its chemicals operations. Portfolio manager Arne Rautenberg of mutual fund company Union Investment, among the 10 largest BASF shareholders, welcomed BASF drawing a line. "This step will facilitate an IPO of Wintershall Dea," said Cornelia Zimmermann, a corporate governance specialist at mutual fund group Deka Investment. BASF said last year that the oil and gas company's exposure in Russia was the reason for it to hold off on plans to take Wintershall Dea public. Before the Ukraine war, Russia had accounted for roughly half of WD's global oil and gas output.

☆ A bizarre far-right coup plot uncovered in Germany hints at a much more sinister trend
▼ + stars: | 2022-12-21 | by ( Alexander Clarkson | World Politics Review | ) www.businessinsider.com time to read: +11 min

In early December, German police uncovered a plot by far-right conspirators to mount a coup. It is widely acknowledged that the electoral appeal of the far-right Alternative for Germany, or AfD, to about 10% of German voters is a matter of great concern. This image of political stability, though not unjustified, caused many observers to downplay the revelation in early December that German police had uncovered an organized plot by a network of far-right conspirators to mount a coup. German police and intelligence services had to take the threat this network represented seriously. This complacency gave the East German Stasi and other Soviet-bloc intelligence services opportunities to reach out to emerging radical networks willing to destabilize the Federal Republic at the time.

My mom worked at K-Mart, earning $1.68 an hour. My parents worked for the Army Security Agency, encrypting top-secret communications between officers — the same level of classified intelligence making headlines today. Enlisting in the Army helped my parents build generational wealthAfter college, my mom worked for the State of Michigan for 27 years. My dad worked for the State of Michigan for 28 years. The military money helps cover bills for my 70-year-old mom, but she believes the direction and support they received in the military had a much greater impact.

☆ Givaudan's quarterly growth slows on North America weakness, shares fall
▼ + stars: | 2022-10-11 | by ( Silke Koltrowitz | ) www.reuters.com time to read: +2 min

An employee mixes liquid fragrances in a bottle in a laboratory of Swiss flavours and fragrances maker Givaudan in the town of Duebendorf, Switzerland November 5, 2015. Group sales rose 6.1% on a like-for-like basis and 7.7% in Swiss francs, reaching 5.458 billion Swiss francs ($5.45 billion) in the first nine months of 2022. However, sales in the group's taste and wellbeing unit that makes flavours for food and drinks fell 2.8% in North America, implying an even stronger slowdown in the third quarter. Givaudan's shares, down almost 37% so far this year, were 6.4% lower at 0801 GMT. Givaudan confirmed its mid-term target of 4-5% average organic sales growth per year on a like-for-like basis.

Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Rewards Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. $95 *Waived for existing Honors Advantage Members Rewards Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. $0 Rewards Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Enlisting in the Army helped my parents build generational wealthAfter college, my mom worked for the State of Michigan for 27 years.

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