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☆ German authorities urge people to stay home amid deadly winter weather
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +1 min

[1/3] People walk at the park after snowfall on the grounds of the Charlottenburg Castle in Berlin, Germany, November 28, 2023. REUTERS/Fabrizio Bensch Acquire Licensing RightsNov 28 (Reuters) - Authorities in western Germany on Tuesday urged residents to stay home, warning of life-threatening danger, after a burst of winter weather led to hazardous roads, leaving two people dead. The sudden onset of winter led to several accidents and people being trapped in their vehicles due to slippery roads and fallen branches caused by snowfall in many parts of Germany. In Rheingau-Taunus district in the west of Hesse, 100 people were evacuated from their vehicles near Eltville-Martinsthal, while 70 people were trapped on the road near Linienbad. The German Meteorological Service (DWD) forecasts snow and sleet again in many federal states today, adding that the weather will persist in the coming days.

Persons: Fabrizio Bensch, Amir Orusov, Miranda Murray Organizations: REUTERS, Schwaebisch, German Meteorological Service, Thomson Locations: Charlottenburg, Berlin, Germany, Baden, Aalen, Denzerheide, Rhineland, Palatinate, Hesse, Eltville, Linienbad

An Eli Lilly and Company pharmaceutical manufacturing plant is pictured at 50 ImClone Drive in Branchburg, New Jersey, March 5, 2021. REUTERS/Mike Segar/File Photo Acquire Licensing RightsBERLIN, Nov 15 (Reuters) - U.S. pharma company Eli Lilly (LLY.N) plans an investment in the single-digit billion dollar range in a new plant in western Germany, people familiar with the matter told Reuters after the company called a news conference for Friday. Eli Lilly said it would unveil "far-reaching investment plans" at Friday's news conference, which will be attended by Germany's economy and health ministers. Mounjaro's success helped Lilly post a 37% gain in third-quarter revenues to $9.5 billion, topping Wall Street estimates. The group's market value has ballooned to around $580 billion, up more than 65% so far this year.

Persons: Eli Lilly, Mike Segar, Mounjaro, TSMC, Lilly's, Lilly, Rene Wagner, Klaus Lauer, Ludwig Burger, Thomas Escritt, Chizu Nomiyama, Jane Merriman Organizations: Company, REUTERS, Rights, . pharma, Reuters, U.S ., U.S, Intel, European Union, Novo Nordisk, U.S . Food, Drug Administration, Thomson Locations: Branchburg , New Jersey, Germany, Rhineland, Palatinate, U.S, Ukraine, European, Indianapolis, Danish, Eisai

☆ Germany's Birkenstock targets $9.2 billion valuation in New York IPO
▼ + stars: | 2023-10-02 | by ( ) www.cnbc.com time to read: +1 min

Birkenstock, the German premium footwear brand backed by private-equity firm L Catterton, said on Monday it is seeking a valuation of up to $9.2 billion in its highly anticipated initial public offering (IPO) in New York. The U.S. securities regulator is well-staffed now that a government shutdown has been averted, allowing it to review IPO filings by companies looking to take advantage of the long-awaited reopening of the IPO window. On its website, the company says all elements of its design - the buckles, the straps, the sole and the footbed - have a "functional purpose". Most of its products are manufactured in facilities in Rhineland-Palatinate, North Rhine-Westphalia, Hesse and Saxony in Germany. Goldman Sachs, J.P. Morgan and Morgan Stanley are among the underwriters for the IPO.

Persons: Margot Robbie, Goldman Sachs, J.P, Morgan, Morgan Stanley Organizations: U.S . Securities, Exchange Commission, underwriters Locations: New York, U.S, Rhineland, Palatinate, North Rhine, Westphalia, Hesse, Saxony, Germany

☆ A far-right German politician and the granddaughter of one of Hitler's henchmen had dog feces smeared on her in a 'disgusting' attack
▼ + stars: | 2023-08-27 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +2 min

A German far-right politician had dog feces smeared on her at an event in Daun, southwest Germany. Beatrix von Storch, the AfD's deputy leader, is known for her controversial remarks on immigration. Beatrix von Storch, the deputy leader of the Alternative for Germany party (AfD), said the attack was "disgusting" and vowed not let it discourage her politics. "Yesterday in Rhineland-Palatinate there was another disgusting attack on me [and] the AfD," von Storch, 52, said in a video posted on X, formerly known as Twitter. Police said in a statement that von Storch was attacked on Friday by a 35-year-old man who asked to take a photo with her and then smeared her with dog feces.

Persons: Beatrix von Storch, Adolf Hitler's, von Storch, unwaveringly, Graf Schwerin von Organizations: Service, Germany, Police, Twitter Locations: Daun, Germany, Wall, Silicon, Rhineland, Palatinate

☆ Major shipping routes are struggling with water shortages. El Niño could make it worse
▼ + stars: | 2023-08-21 | by ( Sam Meredith | ) www.cnbc.com time to read: +6 min

A ship navigates the Panama Canal in the area of the Americas' Bridge in Panama City on June 12, 2023. Luis Acosta | Afp | Getty ImagesAn increasing number of climate-driven extreme weather events is taking its toll on the world's major shipping routes — and El Niño could make matters worse. In drought-stricken Panama, low water levels have prompted the Central American country to reduce the number of vessels that pass through the critically important Panama Canal. The Panama Canal Authority, which manages the waterway, said earlier this month that the measures were necessary because of "unprecedented challenges." "Right now, we do not see that filling up of the water levels that a normal year would bring around.

Persons: Luis Acosta, El Niño, El, Peter Sands, Sands, Lars Ostergaard Nielsen, Moller, Balint Porneczi, Nielsen Organizations: Afp, Getty, Central, Atlantic, Panama Canal Authority, CNBC, Analysts, Planet Labs PBC, El, Maersk, Bloomberg, Palatinate . Locations: Panama, Panama City, Central American, Suez, Europe, Asia, Pacific, Germany, Rotterdam, Bacharach, Rhineland, Palatinate, Frankfurt

SummarySummary Companies Shell to hold oil output steadyCompany to grow gas and LNG businessCapital spending reduced for 2024-25LONDON, June 14 (Reuters) - Shell (SHEL.L) will ramp up its dividend and share buybacks while keeping oil output steady into 2030, it said on Wednesday, as CEO Wael Sawan moved to regain investor confidence that wavered over its energy transition plan. Shell shares were up 1.5% at 1204 GMT, against a 1% rise for an index of European oil and gas companies (.SXEP). Reuters Graphics Reuters GraphicsOIL STEADYShell scrapped its previous target to cut oil output by 20% by 2030 after largely reaching the goal. It currently has a target to cut its 2030 emissions intensity, including from the combustion of the fuels it sells, by 20%. Shell also faces a Dutch court ruling ordering the company to drastically cut emissions.

Persons: Wael Sawan, Shell, Sawan, Biraj Borkhataria, Thilo, Bernard Looney, Ron Bousso, David Goodman, Jan Harvey Organizations: Shell, RBC, Reuters Graphics Reuters, Royal, REUTERS, BP, Lebanese, Thomson Locations: New York, Wesseling, Cologne, Germany, Bukom, Jurong, Singapore, Paris

The plan is the linchpin of Sawan's effort to boost Shell's share performance relative to its U.S. peers, which has suffered despite a record $40 billion profit last year. Its shares closed up 0.4%, against a flat index of European oil and gas companies (.SXEP) on Wednesday. Reuters Graphics Reuters GraphicsOIL STEADYShell scrapped its previous target to cut oil output by 20% by 2030 after largely reaching the goal. It currently has a target to cut its 2030 emissions intensity, including from the combustion of the fuels it sells, by 20%. Shell also faces a Dutch court ruling ordering the company to drastically cut emissions.

Persons: Wael Sawan, Sawan, Biraj Borkhataria, Thilo, Shell, Bernard Looney, Ron Bousso, Jan Harvey, Alexander Smith, Elaine Hardcastle Organizations: Shell, British, RBC, Reuters Graphics Reuters, Royal, REUTERS, BP, Lebanese, Reuters, Thomson Locations: New York, Wesseling, Cologne, Germany, Bukom, Jurong, Singapore, Paris

☆ Factbox: Companies invest in EV battery factories in Europe
▼ + stars: | 2023-05-31 | by ( ) www.reuters.com time to read: +6 min

Below are recent investments announced by companies:GERMANYSweden's Northvolt said on May 13 it will invest 3-5 billion euros ($3.3-5.5 billion) in an EV battery plant in Heide in the northern state of Schleswig-Holstein as long as subsidies are approved. Volkswagen (VOWG_p.DE) plans to build six battery factories in Europe totalling 240 gigawatt (GWh) of capacity by 2030. Production at its first battery plant, "SalzGiga", in Salzgitter in the Lower Saxony region will start in 2025. Slovakian battery manufacturer InoBat said last October it had signed a declaration of intent with the Spanish government to set up an EV battery factory in central Spain's city Valladolid, expected to cost 3 billion euros. POLANDLG Chem EV battery in Wroclaw started production in the second half of 2017, with a capacity of 100,000 batteries per year.

Persons: Helena Soderpalm, GERMANY Sweden's Northvolt, China's CATL, Germany's, Mercedes Benz, Elon Musk, Berclau, Taiwan's ProLogium, Jean, Luc Monfort, Mata, BASQUEVOLT, InoBat, China's BYD, AEHRA, Poland's, Alessandro Parodi, Tiago Brandao, Matteo Allievi, Barbara Lewis, Milla Nissi Organizations: REUTERS, Volkswagen, EV, Germany's BASF, Automotive Cells Company, ACC, Stellantis, Tesla, FRANCE Joint, France, Renault, Basque Country, Spanish, India's Tata Group, ITALY Joint, POLAND LG, European Commission, SWEDEN Northvolt's Skelleftea, Thomson Locations: Vasteras, Sweden, Europe, Asia, United States, GERMANY, Heide, Schleswig, Holstein, Salzgitter, Lower Saxony, China, Erfurt, Thuringia, Schwarzheide, Brandenburg ., Ludwigsfelde, Berlin, Kaiserslautern, Rhineland, Palatinate, Gigafactory, FRANCE, Billy, France, Dunkirk, Douai, Ruitz, Ergué, Quimper, Montreal, SPAIN Spain, Europe's, Germany, Navalmoral de, Extremadura, Sagunto, Valencia, Spain, Basque, Slovakian, Spain's, Valladolid, Britain, ITALY, Termoli, POLAND, Wroclaw, HUNGARY

☆ Why Should Charles III Be King?
▼ + stars: | 2023-05-05 | by ( Tanya Gold | ) www.nytimes.com time to read: +7 min

King Charles(Francis Xavier,Professor X) III Prof. King Charles III, a telepath and the leader of the X-Men, is powerfully gifted, like the real Charles III (a noted gardener and watercolorist). King Charlize (Theron) III Charlize III is a gifted actor, which all good monarchs need to be, and an extraordinarily beautiful woman. King Charles III, theMadame Tussauds waxwork Wax Charles III lives in Madame Tussauds on Baker Street, and more people met him in 2022 — 2.5 million — than the real king will meet during his whole reign. King Charlie (Sheen) III Another actor, who has the advantage of already being from a famous dynasty: his father played Jed Bartlet, the philosopher king from “The West Wing.” King Charlie (Sheen) III would be handsome but not as handsome as King Charlize (Theron). King Charles (Dickens) III could not function in a country with failing public services and a system that taxes earnings, not wealth.

CNN —European police carried out raids in multiple European countries on early Wednesday, as part of a probe into the Calabrian Mafia, according to the Belgian federal prosecutor. “This morning, a large-scale European operation took place in several countries. It concerns a case opened by the Belgian Federal Prosecutor’s Office, in collaboration with the Limburg Prosecutor’s Office, the Federal Judicial Police, Eurojust, Europol and various countries, in particular Italy,” the Belgian Federal Prosecutor’s Office said in a statement. Italian authorities arrested 108 people in Italy as part of a four-pronged investigation into charges of “mafia-type association,” the Italian Carabinieri said in a statement Wednesday. In Belgium, more than 20 raids were carried out as part of the operation, the statement from the federal prosecutor said.

☆ Dozens arrested in Germany in European probe of Italian organised crime
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, May 3 (Reuters) - German police arrested dozens of people across the country on Wednesday in an investigation of the Italian 'Ndrangheta organised crime group, German public prosecutors and state police said. The crackdown was part of a coordinated probe by investigators in Germany, Belgium, France, Italy, Portugal and Spain as well as Europol and Eurojust, they said. Among those arrested were four people in Bavaria, 15 in North Rhine-Westphalia, and 10 in the southwestern German state of Rhineland Palatinate, and police seized potential evidence at dozens of locations including homes and offices. Two suspects who were under investigation in the western state of Saarland, were arrested in Italy. German prosecutors said they would hold a news conference later on Wednesday.

☆ Climate change to cost Germany up to 900 billion euros by 2050 - study
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +2 min

BERLIN, March 6 (Reuters) - Extreme weather caused by climate change could cost Germany up to 900 billion euros in cumulative economic damage by mid-century, a study showed on Monday, as Europe's biggest economy seeks climate adaptation measures to cut the damages bill. The study, by economic research companies Prognos and GWS and Germany's Institute for Ecological Economic Research, comes as Berlin works on a climate adaptation strategy soon to be presented by the environment ministry. Germany's economy and environment ministries cited the study as showing that extreme heat, drought and floods could cost between 280 billion euros ($297.81 billion) and 900 billion euros between 2022 and 2050, depending on the extent of global warming. Climate change extreme weather events have already cost Germany at least 145 billion euros between 2000 and 2021, 80 billion of which were in the past five years only, including the 2021 floods in the states of Rhineland-Palatinate and North Rhine-Westphalia, the economy ministry said. The study did not mention how much climate adaptation measures could cost the federal and state governments.

☆ BASF to cut 2,600 jobs on high costs in Europe
▼ + stars: | 2023-02-24 | by ( ) www.cnbc.com time to read: +3 min

A view of a chemical plant of German company BASF, in Ludwigshafen, Rhineland-Palatinate, western Germany, on October 06, 2022 in Ludwigshafen, Germany. BASF said it would cut 2,600 jobs and halt its share buybacks as it warned of a further decline in earnings reflecting high costs in Europe, uncertainty due to the war in Ukraine and rising interest rates. BASF, which in October laid out plans to cut annual costs in Europe by 500 million euros, said on Friday that this would translate into about 2,600 job cuts, about 65% of which would be in Germany and laid out plans to cut another 200 million euros in annual costs. A share buyback programme, with 3 billion euros earmarked early last year, will be stopped early after 1.4 billion euros spent on own shares due to "profound changes in the global economy", it added. Among the cutbacks in Ludwigshafen, BASF will stop production of caprolactam used in engineering plastics and textile fibres, using instead a production line in Belgium.

REUTERS/Thilo SchmuelgenSummarySummary Companies Fourth-quarter profit of $10 bln beats estimatesShell to repurchase $4 bln in sharesLONDON, Feb 2 (Reuters) - Shell (SHEL.L) delivered a record $40 billion profit in 2022, the energy giant said on Thursday, capping a tumultuous year in which a surge in energy prices after Russia's invasion of Ukraine allowed it to hand shareholders unprecedented returns. Shell also posted record fourth-quarter profit of $9.8 billion on the back of a strong recovery in earnings from liquefied natural gas (LNG) trading, beating analyst forecasts for an $8 billion profit. Annual profit reached $39.9 billion, more than doubling from a year earlier and far exceeding the previous record of $31 billion in 2008. Shell said its capital expenditure in 2023 will reach $23 billion to $27 billion, in line with previous guidance. The surge in revenue helped Shell sharply reduce its debt to $44.8 billion at the end of 2022 from $52.6 billion a year earlier.

☆ German Defence minister resigns, successor to be announced promptly
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +3 min

Lambrecht asked the chancellor to dismiss her, as formally required, and Scholz has accepted it, a government spokesperson said. The chancellor would propose a successor promptly, the person added, refusing to comment on names. Parliamentary Commissioner for the Armed Forces Eva Hoegl, junior defence minister Siemtje Moeller, SPD party head Lars Klingbeil and Labour Minister Hubertus Heil have been suggested as candidates by German media. The Frankfurter Allgemeine Zeitung newspaper said, citing government sources, that a successor would be announced on Tuesday. Marie-Agnes Strack-Zimmermann, the head of Germany's parliamentary defence committee and a member of Scholz's junior coalition partner Free Democrats (FDP), called for her successor to be installed quickly.

☆ German defence minister resigns amid criticism, pressure over Ukraine arms
▼ + stars: | 2023-01-16 | by ( ) www.reuters.com time to read: +4 min

Lambrecht asked Scholz to dismiss her, as formally required, and he has approved, a spokesperson for the Social Democratic (SPD)-led coalition government said. During a visit to arms manufacturer Hensoldt, Scholz thanked Lambrecht for her service and said he would act fast to replace her. Among the candidates mooted by German media are Parliamentary Commissioner for the Armed Forces Eva Hoegl, junior defence minister Siemtje Moeller, SPD party chief Lars Klingbeil and Labour Minister Hubertus Heil. Economy Minister Robert Habeck praised Lambrecht for her ambition to reform the Bundeswehr and said her decision would not have been taken lightly. Associated with this were for me many special impressions, many encounters with interesting, great people," Lambrecht said in the video.

[1/3] A general view of hydrogen electrolysis plant called 'REFHYNE', one of the world's first green hydrogen plants, during a launch event at Shell's Rhineland refinery in Wesseling near Cologne, Germany, July 2, 2021. REUTERS/Thilo SchmuelgenLONDON, Dec 22 (Reuters) - The green hydrogen express is gathering pace, but it may have a worrying problem with leaks. At least four studies published this year say hydrogen loses its environmental edge when it seeps into the atmosphere. The United States included billions of dollars of green hydrogen tax credits in its Inflation Reduction Act and the European Union approved 5.2 billion euros ($5.5 billion) in subsidies for green hydrogen projects in September. While potential leakages of hydrogen are not expected to be on a scale that could derail all green hydrogen plans, any seepage would erode its climate benefits, they say.

☆ Germany's IG Metall union calls for further strikes on Monday
▼ + stars: | 2022-11-13 | by ( ) www.reuters.com time to read: 1 min

FRANKFURT, Nov 13 (Reuters) - Germany's IG Metall union on Sunday called for new strikes on Monday in its ongoing wage dispute. The so-called warning strikes will take place at targeted locations in the states of Hesse, Thuringia and Rhineland-Palatinate, the union said. The union, which represents metal and electric industry workers, have called for an 8% pay increase. Reporting by Tom Sims;Editing by Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

☆ 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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