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☆ As London loses another listing, analysts are wary of writing off the UK capital
▼ + stars: | 2024-02-14 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

The offices of London Stock Exchange Group Plc, right, in Paternoster Square in the City of London, UK. Bloomberg | Bloomberg | Getty ImagesLONDON — TUI became the latest company to ditch its share listing in London, as shareholders voted overwhelmingly for the German travel giant to list solely in Frankfurt. Around 77% of transactions in TUI shares are currently settled via Germany, with the U.K. now accounting for less than a quarter. U.K. stocks are trading at a considerable discount to the rest of Europe, having suffered an investor flight in recent years. London still a contender London has also suffered a number of de-listings and high-profile IPO snubs over the past year.

Persons: TUI, Frankfurt's, Mathias Kiep, London, SoftBank, Rishi Sunak's Organizations: London Stock Exchange Group, City of, Bloomberg, Getty, London Stock Exchange, CNBC, Nasdaq Locations: Paternoster, City, City of London, London, Frankfurt, Hannover, Germany, TUI, Europe

BERLIN (AP) — At least 150,000 people gathered in front of the German national parliament Saturday afternoon to protest against the far right, the latest in a string of large weekend demonstrations across Germany. Some members of the far-right Alternative for Germany party, or AfD, were present at the meeting. Saturday’s protest drew more participants than organizers expected, despite intermittent rain showers in the German capital. Similar protests against the far right in other German cities, including the southern city of Freiburg and the western city of Hannover, also drew thousands of attendees on Saturday. Polls show AfD is the top party in eastern Germany, including in the states of Brandenburg, Saxony and Thuringia, which are scheduled to hold elections this fall.

Persons: —, ”, Jonas Schmidt, Kathrin, Olaf Scholz Organizations: BERLIN, Germany, Police, Bundestag Locations: Germany, Freiburg, Hannover, Bremen, Brandenburg, Saxony, Thuringia, Hamburg, Munich

The Ver.di service workers' union called for a “warning strike,” a common tactic in German contract negotiations, on Monday. Its deputy chair, Christine Behle, said that “the time has now come to exert more pressure on employers” as talks on new pay contracts for about 90,000 people employed by over 130 local transport operators have failed to make progress. In Berlin, workers with the local transport authority walked off the job until 10 a.m.; in Hamburg, Cologne, Hannover and elsewhere, the strike was to last all day. The dispute centers on demands for better working conditions, such as a shorter working week and extra compensation days for shift and night work. Coinciding contract negotiations in the rail, airport and local transport sectors have made for a frustrating few weeks for German travers and commuters.

Persons: Christine Behle, ”, German travers, Ver.di Organizations: BERLIN, — Locations: Germany, Berlin, Hamburg, Cologne, Hannover, Bavaria

BERLIN (AP) — A protest against the far right in the German city of Munich Sunday afternoon ended early due to safety concerns after approximately 100,000 people showed up, police said. The demonstration was one of dozens around the country this weekend that drew hundreds of thousands of people in total. Some members of the far-right Alternative for Germany party, or AfD, were present at the meeting. And Saturday protests in other German cities like Stuttgart, Nuremberg and Hannover drew tens of thousands of people. The large turnout around Germany showed how these protests are galvanizing popular opposition to the AfD in a new way.

Persons: Germany’s, Martin Sellner, Alice Weidel, Frank, Walter Steinmeier, ” Organizations: BERLIN, Germany, Hannover, Identitarian, Identitarian Movement, Austrian Locations: German, Munich, Cologne, Berlin, Hamburg, Stuttgart, Nuremberg, Germany, Brandenburg, Saxony, Thuringia

The demonstrations came in the wake of a report that right-wing extremists recently met to discuss the deportation of millions of immigrants, including some with German citizenship. Some members of the far-right Alternative for Germany party, or AfD, were present at the meeting. Additional protests planned for Sunday in other major German cities, including Berlin, Munich and Cologne, are also expected to draw tens of thousands of people. What started out as relatively small gatherings have grown into protests that, in many cases, are drawing far more participants than organizers expected. The protests also build on growing anxiety over the last year about the AfD’s rising support among the German electorate.

Persons: Germany’s, Martin Sellner, Alice Weidel, Chancellor Olaf Scholz, ” Scholz, ” Friedrich Merz, ”, Thomas Tuchel Organizations: BERLIN, Germany, Police, Hannover, Identitarian, Identitarian Movement, Austrian, Germany’s Greens, “, Christian, Bayern Munich Locations: Germany, Frankfurt, Stuttgart, Nuremberg, Hamburg, Berlin, Munich, Cologne, Nazi, Bavaria, Hesse, Brandenburg, Saxony, Thuringia, Dresden, Tuebingen, Kiel

☆ Amazon latest to criticise Microsoft in UK cloud market probe
▼ + stars: | 2023-12-05 | by ( Martin Coulter | ) www.reuters.com time to read: +2 min

REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsLONDON, Dec 5 (Reuters) - Amazon (AMZN.O) has told Britain's antitrust authority its rival Microsoft (MSFT.O) uses business practices that restrict customer choice in the cloud computing market, the second major company to criticise the U.S. tech giant's operations. Britain's Competition and Markets Authority (CMA) launched an investigation into the country’s cloud computing industry in October, following a referral from media regulator Ofcom that highlighted Amazon and Microsoft’s dominance of the market. “To use many of Microsoft’s software products with these other cloud services providers, a customer must purchase a separate license even if they already own the software,” Amazon said. In its own submission to the CMA, Microsoft said Britain's cloud computing market remained competitive. "There are many sources of competition in the cloud market in the UK.

Persons: Fabian Bimmer, Amazon, Martin Coulter, Jane Merriman, Mark Potter Organizations: Microsoft, Hannover Messe, REUTERS, Britain's, Markets Authority, CMA, Ofcom, ”, Reuters, Google, Oracle, IBM, Thomson Locations: Hanover, Germany

☆ Germany reports bird flu outbreak in northern part of the country
▼ + stars: | 2023-11-22 | by ( ) www.cnbc.com time to read: 1 min

Chickens stand in a barn on a farm with free-range eggs in the Hannover region. Germany has reported an outbreak of the highly pathogenic H5N1 bird flu virus on a poultry farm in the northern part of the country, the World Organisation for Animal Health (WOAH) said on Wednesday, adding to a wave of cases in Europe. The outbreak killed five poultry among a flock of 24,000 on a farm in the state of Mecklenburg-Vorpommern east of Hamburg, the Paris-based WOAH said in a report, citing German authorities. Bird flu, which has led to the culling of hundreds of millions birds in the past years, usually strikes in Europe during autumn and winter. It has recently been detected on farms in several countries including the Netherlands, Italy, Croatia and Hungary.

Persons: WOAH Organizations: Organisation for Animal Health Locations: Hannover, Germany, Europe, Mecklenburg, Vorpommern, Hamburg, Paris, Netherlands, Italy, Croatia, Hungary

☆ 3,500-year-old ancient Egyptian mummification balm aroma recreated
▼ + stars: | 2023-08-31 | by ( Ashley Strickland | ) edition.cnn.com time to read: +8 min

CNN —Scientists have decoded an ancient aroma by identifying the ingredients used in Egyptian mummification balms — and resurrected the scent. The exact recipes used in the mummification have long been debated because ancient Egyptian texts don’t name precise ingredients. The new findings suggest that the relatively complex balms used in Senetnay’s preservation may have been the beginning of a trend of more elaborate ones used later on. Dammar resin, an ingredient used in embalming, appears next to a bottle of the recreated ancient scent. “The scent of eternal life” will be part of an ancient Egyptian exhibit at the Danish museum that opens in October.

Persons: ”, Barbara Huber, ” Huber, Pharaoh Amenhotep II, Pharaoh Thutmose III, Amenhotep II, Senetnay, Christian Tepper, Howard Carter, Carter, Pharaoh, Nicole Boivin, Carole Calvez, dammar, it’s, ” Boivin, Dammar, Sofia Collette Ehrich, Huber, Barbara Huber “, “ Organizations: CNN —, Moesgaard Museum, Max Planck Institute of Geoanthropology, Max Planck Institute, Geoanthropology Locations: Denmark, Egypt’s Valley, Germany, “, Hannover, India, Southeast Asia, Europe, Saqqara

☆ Green alliance crisis is more than just a US drama
▼ + stars: | 2023-06-19 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +4 min

Back in March the Net-Zero Insurance Alliance (NZIA) boasted 30 members, representing about 15% of global premium volume. Now the NZIA, a key financial forum for insurers to set decarbonisation targets and a part of the Glasgow Financial Alliance for Net Zero (GFANZ), has shrunk to just 13 companies. Even those who choose to stay in the NZIA risk losing business due to state politicians pursuing a “war on woke”. NZIA, part of the Glasgow Financial Alliance for Net Zero set up by U.N. climate envoy Mark Carney, requires members to commit to reducing their greenhouse gas emissions. In rapid succession Japanese insurers Sompo Holdings, MS&AD and Tokio Marine as well as Australia’s QBE Insurance quit the net-zero alliance in late May.

Persons: Beneva, Mark Carney, French reinsurer Scor, Lloyd’s, John Neal, George Hay, Oliver Taslic Organizations: Reuters, Global, United Nations, Zero Insurance, Glasgow Financial Alliance, Zero Banking Alliance, Alliance, European Union, Reuters Graphics Reuters, ”, Zurich Insurance, Munich Re, Hannover Re, Allianz, Axa, French, Sompo Holdings, Tokio Marine, QBE Insurance, Thomson Locations: United, United States, Germany, NZIA, Munich, Tokio, London

☆ Volkswagen to partner on Indonesia EV battery ecosystem -minister
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +3 min

JAKARTA, April 17 (Reuters) - Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China's battery minerals producer Zhejiang Huayou Cobalt, the Southeast Asian country's investment minister said. Minister Bahlil Lahadalia said on Sunday that Volkswagen, Europe's biggest automaker, will work with Vale, Ford, Huayou, French miner Eramet and several Indonesian firms such as Merdeka Gold Copper, the parent company of Merdeka Battery, and energy firm Kalla Group. Volkswagen, Ford, Eramet, Kalla Group, Huayou, and Merdeka Gold Copper did not immediately respond to requests for comment. PT Vale Indonesia declined to comment. Last month, Ford (F.N) inked its first investment in Indonesia by joining Vale Indonesia and Huayou in a $4.5 billion nickel processing plant in Southeast Sulawesi.

☆ Freyr Battery teams up with Siemens on gigafactories
▼ + stars: | 2023-04-17 | by ( ) www.reuters.com time to read: +1 min

BERLIN, April 17 (Reuters) - Luxembourg-based Freyr Battery (7XN.F) sealed its partnership with Siemens (SIEGn.DE) at the Hannover Messe conference on Monday, making the German technology company its preferred supplier in automation and digitalization technology. Freyr plans to equip its planned gigafactories in Norway and the United States with Siemens technology, and the two companies will join forces along the entire battery design and manufacturing process, the firms said in a statement. "This relationship is much broader than the usual customer-supplier relationship and is strategic in nature," Freyr chief executive Tom Einar Jensen told Reuters. Instead of the conventional 18 production steps, Freyr wants to make do with eight, he said, adding: "With Siemens, we can ramp up production faster and better, and with a much lower reject rate. Reporting by Alexander Huebner, writing by Miranda Murray, editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

☆ Germany to support critical minerals-rich countries build processing capacity
▼ + stars: | 2023-04-16 | by ( ) www.reuters.com time to read: +1 min

BERLIN, April 16 (Reuters) - Germany wants to help countries that are rich in critical minerals such as Chile, Indonesia and Namibia to build their own processing infrastructure to cut dependency on China, Chancellor Olaf Scholz said on Sunday. Berlin is trying to rebalance its relationship with China and reduce reliance on Asia's powerhouse for key inputs, such as nickel and other critical minerals. Scholz said he supported a free trade agreement between the European Union and Indonesia, which the two parties have been negotiating since 2016. "I am committed to ensuring that we finally get this agreement across the finish line now," he said, adding that geopolitical developments in Europe and in Asia argued for similar deals with other countries such as Mexico and Australia, Kenya and India. Reporting by Riham Alkousaa and Andreas Rinke; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

☆ Airline passengers were denied compensation for 2 Aperol Spritz cocktails after a court ruled that alcohol isn't a 'refreshment'
▼ + stars: | 2023-04-16 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +3 min

A couple was denied compensation for two Aperol Spritz drinks they bought during a flight delay. A German court ruled that as the drinks were alcoholic, they didn't count as refreshments. A couple who tried to get compensation for two Aperol Spritz cocktails during a flight delay had their claim denied after a German court ruled alcohol didn't count as a refreshment. Part of this bill included two Aperol Spritz drinks that cost a total of £15 ($18.60). There were also two Camden Hells beers on the couple's receipt, which the court didn't have to scrutinize as they had not claimed compensation for them.

☆ Meet Belarusian dictator, Alexander Lukashenko, who is Putin's closest ally and helping him in the war in Ukraine
▼ + stars: | 2023-02-16 | by ( Cheryl Teh | Sophia Ankel | ) www.businessinsider.com time to read: 1 min

After leaving the military in the 1980s, he became the manager of a collective farm, which in Soviet Belarus was seen as a respectable job. Alexander Lukashenko in Hannover, Germany, on April 22, 1998. Holger Hollemann/picture alliance via Getty ImagesCollective farms in Soviet Russia were state-controlled and geared towards improving productivity and efficiency. In 1993, Lukashenko officially entered politics after he was promoted to lead the Belarusian parliament's anti-corruption commission. Source: The Week

☆ VW to speed up electric shift in five-year plan
▼ + stars: | 2023-02-10 | by ( ) www.reuters.com time to read: +2 min

BERLIN, Feb 10 (Reuters) - Volkswagen (VOWG_p.DE) will speed up its shift to electric cars and revamp its software strategy in a five-year investment plan presented by management to the supervisory board on Friday, the automaker said in a statement. Bosses discussed how to rejig the German group's production network to accelerate the move to cleaner driving, the statement said, without elaborating. Full details of what was discussed will be presented at the company's annual media conference on March 14. A spokesperson for the works council denied the Handelsblatt report, saying jobs in Hannover were guaranteed under an agreement with the company until 2029. Reporting by Jan Schwartz; Writing by Victoria Waldersee; Editing by Jan Harvey and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Ship insurers to cancel war cover for Russia, Ukraine from Jan 1
▼ + stars: | 2022-12-28 | by ( ) www.reuters.com time to read: +2 min

LONDON, Dec 28 (Reuters) - Ship insurers said they are cancelling war risk cover across Russia, Ukraine and Belarus, following an exit from the region by reinsurers in the face of steep losses. P&I (protection and indemnity) clubs American, North, UK and West are no longer able to offer war risk cover for liabilities in the region from Jan. 1, they said in recent notices on their websites. The clubs are among the biggest P&I insurers who cover around 90% of the world’s ocean going ships. "The Club's reinsurers are no longer able to secure reinsurance for war risk exposure to Russian, Ukrainian or Belarus territorial risks," it said. Ships typically have P&I insurance, which covers third party liability claims including environmental damage and injury.

☆ Thousands protest in Germany demanding solidarity in energy relief
▼ + stars: | 2022-10-22 | by ( ) www.reuters.com time to read: +2 min

Demonstrators take part in a protest to promote energy independence from Russia, amid skyrocketing energy prices, in Berlin, Germany, October 22, 2022. Police said about 1,800 protesters gathered in Berlin. Register now for FREE unlimited access to Reuters.com Register"We want to show that we urgently need financial relief for citizens that is socially balanced. Germany's parliament on Friday approved the government's 200 billion euro ($195 billion) rescue package which aims to protect companies and households from the impact of soaring energy prices. German inflation in September hit its highest level in more than a quarter of a century at 10.9%, driven up by higher energy costs.

☆ A recession looks increasingly likely. But Goldman Sachs says these stocks could beat the gloom
▼ + stars: | 2022-10-21 | by ( Zavier Ong | ) www.cnbc.com time to read: +5 min

Central banks are relentlessly hiking interest rates to rein in inflation — even at the expense of economic growth — prompting fears of a recession. "Concerns on sticky inflation and a tight labor market have focused investor attention on implications for rising rates and recession risk. Those stocks have high and expanding cash return on capital invested and return on equity, according to the bank. BlackRock says that's now an 'obsolete' strategy Investors keen to add growth names to their portfolio could also look to Goldman's list of high growth stocks. The bank also identified high growth names that are trading at an attractive valuation, including Watches of Switzerland and Standard Chartered .

☆ Daimler Truck CEO says output could have been higher by 'five-digit figure' without supply chain problems
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

Martin Daum, head of Daimler Trucks and Buses gestures during the annual results news conference in Stuttgart, Germany, February 11, 2020. REUTERS/Andreas GebertHANNOVER, Germany, Sept 19 (Reuters) - Daimler Truck's (DTGGe.DE) deliveries could have been higher by a "five-digit figure" in 2021 and 2022 if it had not faced supply chain problems, its chief executive Martin Daum told Reuters. Register now for FREE unlimited access to Reuters.com RegisterThe company sold 120,961 units in the second quarter of 2022, up 4% from the same period last year. Daum said Europe, and Germany in particular, was lagging on building battery production, with most still coming from Asia. This could hold back the country's ambitions to build batteries, a highly energy-intensive process, Daum said.

☆ 20 best German foods
▼ + stars: | 2019-10-09 | by ( Marcel Krueger | ) edition.cnn.com time to read: +30 min

Check out our list of 20 traditional German dishes that you need to try when you travel there. Germany National Tourism Board Azalea and Rhododendron Park Kromlau: This 200-acre English landscape park was built in the 19th century in Gablenz, Saxony. Germany National Tourism Board Maschsee Lake: This quiet and idyllic lake attracts families throughout the year in Hannover, the capital of Lower Saxony. Germany National Tourism Board Berchtesgaden National Park: Alpine lakes and ice-topped mountains are just a few of the natural wonders that make Berchtesgaden such a breathtaking national park. It comes wrapped in bacon or heaped upon schnitzel; as asparagus soup, fried asparagus, pancakes with herbs and asparagus, asparagus with scrambled eggs or asparagus with young potatoes.

Persons: Königsberger klopse, capers, Maultaschen, Katharina Hild, labskaus, Bodo Schieren, Fried, rostbratwurst, currywurst, Herta Heuwer, Kadir Nurman, schnitzel, Helmut Meyer Zur Capellen, hasn’t, Jägerschnitzel, Käsespätzle Spätzle, Sauerbraten, Stijn Van, Ralph Lueger, Franz Martin Kühn, Jonathan Segal, Rainer Mirau Atta, Attendorner, Mary, Balthasar Neumann, Andreas Bestle, Wiesel, Duke Leopold III of Anhalt, Caspar Diederik Bastei, Monica Skolimowska, Johannes Simon, Patrick Seeger, Daniel Karmann, Armin Weigel, Thomas Lohnes, Martin Schutt, Schwerin, Sean Gallup, Augustus the Strong, Ole Spata, Prince, Bavaria Charles Albert, François Cuvilliés, Ludwig II of Bavaria, Federweisser, Saumagen, Helmut Kohl, Kohl, saumagen, Margaret Thatcher, Mikhail Gorbachev, Ronald Reagan, Bill Clinton, haggis, pinky, schnapps, spargelzeit, John, Johannes Eisele, Frank Vincentz, Josef Hildenbrand, Reuben, jeffreyw, Inga Kjer, Alexander Hassenstein, Christof Stache, Schwarzwälder, Schwarzwälder kirsch, Josef Keller, there’s, Dario Fontanella, Dario, ” Organizations: CNN, German Democratic, European Union, North, West, Austrian, Lichtenstein, UNESCO, Wiesel Garden, Getty, Germany National Tourism Board, Germany National Tourism, Nymphenburg, Mirrors, British, Baptist, revelers, Bread, Wikimedia, Agner, Prussian Locations: Germany, East Prussian, Königsberg, Kaliningrad, Russia, German Democratic Republic, Soviet Union, Berlin, Brandenburg, Swabia, Baden, Bremen, Kiel, Hamburg, Fraconia, Thuringia, Cologne, Ruhr, Turkish, Berlin’s, East Berlin, Vienna, Bavaria, Munich, Franconia, Rhineland, Saarland, Silesia, Westphalia, Lower Saxony, Altstadt, Sanssouci, Potsdam, Swabian, Kassel, Blaubeuren, Berlin's River Havel, Altensteig Sylt, Sylt, Andreas, Saxony, Anhalt, Dessau, Central Germany, Europe, Germany's, Switzerland, Germany's Lake Constance, Mettlach, Cochem, Trier, Erfurt, Schwerin, Dresden, Gablenz, Lübeck, Hannover, Swabian Jura, Rothenburg, Tauber, Nymphenburg, Bavarian, Füssen, Germany National Tourism Board Berchtesgaden, Berchtesgaden, Palatinate, Oldenburg, Osnabrück, East Frisia, Friesland, Flensburg, Aachen, Frankfurt, Stuttgart, St, AFP, Bonn, Austria, Mannheim

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