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☆ Benko's complex web at Signa - from Chrysler building to Berlin landmark
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +6 min

SIGNA PRIME/PROPERTY PORTFOLIOAccording to Signa, Prime is the group's largest company in its real estate division, valued at around 20.4 billion euros ($22.23 billion). Since 2019 Signa Holding has also been a co-owner of New York's iconic Chrysler Building. TRADING/RETAIL COMPANIESBenko has bundled his trading interests under the divisions Signa Retail and Signa Premium. In Switzerland, Benko's trading investments are bundled into Signa Retail Selection AG, which filed for bankruptcy protection on Wednesday. In 2018, Signa Holding bought around 24% stake in Austrian daily newspapers "Krone" and "Kurier" from Funke media group.

Persons: Lisi Niesner, Rene Benko, Ernst Tanner, Hans Peter Haselsteiner, Torsten Toeller, Arthur Eugster, SIGNA, Signa, Otto Wagner, Benko's, Klaus, Michael Kuehne, Kuehne, Hamburg's, Chirathivat, Benko, Frasers, Kaufhof, Karstadt, Galeria, Alexandra Schwarz, Goerlich, Mattias Inverardi, Victoria Farr, Emma, Rachel More, Elisa Martinuzzi, Tomasz Janowski Organizations: Signa, REUTERS, Chrysler, Bank Austria, Femina, Chrysler Building, . Central Group, Globus, Selfridges, Central Group, Funke, Thomson Locations: Berlin, Germany, New, Britain's Selfridges, Innsbruck, Swiss, Vienna, Hamburg, KaDeWe, Oberpollinger, Munich, Vienna's, Tyrol, Essen, Duesseldorf, London, Switzerland

☆ I moved to Germany from the US for free education and almost got deported. It's one of the best things that ever happened to me.
▼ + stars: | 2023-11-26 | by ( Adriana Stein | ) www.businessinsider.com time to read: +8 min

After studying for 6 months, she failed a German language test and lost her student visa. I spent six months learning German from scratch at an in-person German language school. I failed the language test and learned first hand how strict rules could be in GermanyEverything felt set. I still live in Hamburg, Germany with my husband, who I met here. Failing the German language test and being rejected from my master's program was tough, but the resilience that blossomed has been worth it.

Persons: Adriana Stein, —, I've, I'd, Germany —, I Organizations: Service, Portland State University, University of Hamburg, University, Craigslist, AS Marketing Locations: Germany, Spain, Hamburg, Eastern Oregon, undergrad, Oregon

☆ German police raid Iran-linked centre over suspected Hezbollah support
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] German police officers walk towards the Islamic Center Hamburg, during a raid, due to suspicion of members acting against a constitutional order and supporting the militant group Hezbollah in Hamburg, Germany, November 16, 2023. REUTERS/Fabian Bimmer Acquire Licensing RightsBERLIN, Nov 16 (Reuters) - German police conducted raids early on Thursday in seven states over the Islamic Centre of Hamburg's suspected support for the militant group Hezbollah, the interior ministry said. "I want to make clear that we are acting against Islamists, not against a religion or another state," said German Interior Minister Nancy Faeser. In Hamburg alone, 300 officers conducted 31 searches in connection with the centre, the city's interior senator said. "The suspicions against the Islamic Centre of Hamburg are serious," and it has long been monitored by the domestic intelligence agency for Islamist activities, said Faeser.

Persons: Fabian Bimmer, Nancy Faeser, Linda Pasquini, Miranda Murray, Madeline Chambers, Edmund Klamann Organizations: Islamic Center, Hezbollah, REUTERS, Rights, Islamic, Authorities, of, Lebanese, Thomson Locations: Islamic Center Hamburg, Hamburg, Germany, Israel, Gaza, Iran, of Hamburg

[1/4] View of the construction site of the Elbtower building, owned by Rene Benko’s Signa and a Commerzbank subsidiary, in Hamburg Germany, November 2, 2023. Signa, the Austrian property giant and an owner of New York's Chrysler Building, had been making steady progress this year on the planned 64-story Elbtower skyscraper in Hamburg. But Signa, founded by René Benko, has fallen behind on its payments to its builder, Lupp, an executive of the construction firm said. The city of Hamburg and a minority investor, the real-estate subsidiary of Germany's Commerzbank (CBKG.DE), confirmed the stoppage. It has also prompted warnings from city officials, and is another indicator of troubles hitting the property sector in Europe's largest economy.

Persons: Rene Benko’s Signa, Fabian Bimmer, René Benko, Matthias Kaufmann, Signa, Germany's, Aon, Timo Herzberg, Karen Pein, Tom Sims Organizations: REUTERS, Rights, Chrysler, Reuters, City, Reuters Graphics, Thomson Locations: Hamburg Germany, Austrian, Hamburg, Europe's, HafenCity, City of Hamburg

☆ In Germany, King Charles honours victims of WWII allied bombings
▼ + stars: | 2023-03-31 | by ( Phil Noble | ) www.reuters.com time to read: +3 min

- Britain's Royal Couple is on a three-day tour in Germany for Charles' first state visit as king, with the trip billed as "an important European gesture" to maintain strong ties after Brexit. The gesture comes on the last day of Charles' three-day tour of Germany, his first overseas state trip since ascending the British throne last year designed to strengthen bilateral and European ties. "Together we must be vigilant against threats to our values and freedoms, and resolute in our determination to confront them." "I am looking forward to seeing Hamburg’s plans to use hydrogen in its efforts to become a fully sustainable port." Throughout his visit, German officials have praised his interest in environmental causes and sustainability that has shone through in the engagements he has chosen to undertake.

☆ China says U.S. has 'no right' to interfere in Hamburg port deal
▼ + stars: | 2022-11-03 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Nov 3 (Reuters) - The U.S has "no right" to interfere in Chinese cooperation with Germany, China's foreign ministry said Thursday, after Washington cautioned against Beijing getting a controlling stake in Hamburg's port terminal. U.S. interference is symptomatic of its practice of coercive diplomacy, foreign ministry spokesman Zhao Lijian told reporters at a daily briefing in Beijing. Chinese shipping giant Cosco made a bid last year to take a 35% stake in one of logistics firm HHLA's (HHFGn.DE) three terminals in Germany's largest port, but Germany's coalition was divided over the deal. Last week the German cabinet approved a 24.9% stake investment by Cosco in what an economy ministry source described as an "emergency solution" to approve the deal but mitigate the impact. Reporting by Eduardo Baptista, Writing by Martin Quin Pollard; Editing by Raissa Kasolowsky and Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ EU warned Germany against approving Chinese investment in port - Handelsblatt
▼ + stars: | 2022-10-21 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Oct 21 (Reuters) - The European Commission warned the German government last spring not to approve an investment by China's Cosco into Hamburg's port, German daily Handelsblatt reported on Friday, citing sources. Register now for FREE unlimited access to Reuters.com RegisterAccording to Handelsblatt, the EU warned that sensitive information about the business could make it into Chinese hands if Germany allowed the investment. The German government, which is still weighing whether to approve the deal, declined to comment on the report. A spokesperson for Olaf Scholz said the German chancellor had not yet agreed with the relevant ministers how to proceed. Register now for FREE unlimited access to Reuters.com RegisterReporting by Markus Wacket; Writing by Maria Sheahan; editing by Matthias WilliamsOur Standards: The Thomson Reuters Trust Principles.

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