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Read previewThe White House said former President Donald Trump’s suggestion that the US could let Russia attack non-paying NATO countries is "appalling and unhinged." Trump says he would encourage Russia to attack NATO allies: I said I would not protect our NATO allies. AdvertisementAs president, Trump frequently criticized NATO and threatened to withdraw from the alliance. A top European Union official recently revealed that as president, Trump told him the US would “never” help Europe if it was under attack. NATO Secretary-General Jens Stoltenberg recently warned of widespread implications for Europe if Putin succeeds in Ukraine.
Persons: , Donald Trump’s, Trump, he’d, , we're, ak1a3Mtwzq — Biden, Harris, White, Andrew Bates, Biden, Vladimir Putin's, Putin, Jens Stoltenberg, Stoltenberg Organizations: Service, NATO, Business, American, Abrams, Reuters, Trump, NATO Nations, European Union, Republicans, Congress Locations: Russia, South Carolina, Adazi, Latvia, Soviet, Europe, Germany, Ukraine
UBS to expand presence in U.S. market - Swiss paper
  + stars: | 2023-12-03 | by ( ) www.reuters.com   time to read: 1 min
A UBS logo is seen next to Credit Suisse at the Bahnhofstrasse before a news conference of Swiss bank UBS in Zurich Switzerland, August 30, 2023. REUTERS/Denis Balibouse/File Photo Acquire Licensing RightsDec 3 (Reuters) - Swiss bank UBS (UBSG.S) plans to expand its presence in the U.S. market as part of its strategy to hit $150 billion in net new money, or inflow of new funds, per year, an executive told Swiss newspaper NZZ Am Sonntag in an interview published on Sunday. The fourth-largest asset manager in the United States plans to invest heavily over the next three years, Iqbal Kahn, head of its asset management division, told the paper. Reporting by Victoria Waldersee, Paul Arnold Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.
Persons: Denis Balibouse, NZZ, Iqbal Kahn, Victoria Waldersee, Paul Arnold, Bernadette Baum Organizations: UBS, Credit Suisse, Swiss, REUTERS, Thomson Locations: Zurich Switzerland, Swiss, U.S, United States
[1/2] Germany's Greens party co-leaders Omid Nouripour, Ricarda Lan, German Economy and Climate Protection Minister Robert Habeck and German Foreign Minister Annalena Baerbock applause during the 49th Greens party convention in Rheinstetten, near Karlsruhe, Germany, November 25, 2023. REUTERS/Wolfgang... Acquire Licensing Rights Read moreFRANKFURT, Nov 26 (Reuters) - The Green Party's popularity with voters has fallen to its lowest in over five years, a poll showed on Sunday, as Germany's coalition government grapples with a big hole in its budget. A weekly poll conducted by the INSA institute for the Bild am Sonntag newspaper showed 73% of respondents were dissatisfied with the federal government. "The coalition falls to 34%, 18 percentage points less than in the 2021 federal election," said INSA's head Hermann Binkert. "At the moment it does not look like the SPD or the Greens will be able to lead the government after the 2025 general election."
Persons: Omid Nouripour, Ricarda Lan, Robert Habeck, Annalena, Wolfgang, Annalena Baerbock, Hermann Binkert, Olaf Scholz, Emma, Victoria Farr, Christina Fincher Organizations: Germany's Greens, Climate, German, 49th Greens, REUTERS, The Greens, Social Democrats, Free Democrats, SPD, Greens, CDU, CSU, Thomson Locations: German, Rheinstetten, Karlsruhe, Germany, FRANKFURT
The government is considering whether to suspend Germany's constitutionally enshrined debt brake as a way out of the spending crunch, a source told Reuters, while a leading member of Scholz's own party also called for such a move. Habeck said he was not proposing to abolish Germany's constitutionally enshrined debt brake, but added that "it is inflexible". We are now being forced to modernize the economy with fewer public subsidies," he told the Bild am Sonntag newspaper. "Rather, it is the unsound and unconstitutional budget policy of the federal government and the (three-way) coalition. "One possibility could be to suspend the debt brake in 2023 ... but then not in 2024.
Persons: Robert Habeck, Minister Christian Lindner, Chancellor Olaf Scholz's, Germany's, Lindner, Habeck, Sebastian Brehm, Markus Wacket, Christian Kraemer, Matthias Williams, Miranda Murray, Ed Osmond, Paul Simao Organizations: Minister, Reuters, Greens, Free Democrats, CDU, CSU, Thomson Locations: United States
Germany set to double Ukraine military aid
  + stars: | 2023-11-12 | by ( ) www.reuters.com   time to read: +2 min
German Chancellor Olaf Scholz delivers a speech on the day of the opening of an electrolysis gigafactory in Berlin, Germany November 8, 2023. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsFRANKFURT, Nov 11 (Reuters) - German chancellor Olaf Scholz's governing coalition has agreed in principle to double the country's military aid for Ukraine next year to 8 billion euros ($8.5 billion), a political source in Berlin said on Sunday. Defence minister Boris Pistorius, interviewed by broadcaster ARD, referred to the planned doubling of military aid to Ukraine. "Doubling the military spending is both the right thing to do and important," it quoted member of parliament Andreas Schwarz, who acts as an SPD military budget official, as saying. A European Union plan to spend up to 20 billion euros ($21 billion) on military aid for Ukraine is meeting with resistance from EU countries, diplomats said this week.
Persons: Olaf Scholz, Annegret, Olaf Scholz's, Boris Pistorius, Andreas Schwarz, Gursimran Kaur, Holger Hansen, Vera Eckert, David Gregorio, Kirsten Donovan, Giles Elgood Organizations: REUTERS, Rights, Atlantic Treaty Organization, Scholz's Social Democrats, Free Democrats, Green, Bundestag, Bloomberg News, Germany's Ministry of Defence, ARD, Thomson Locations: Berlin, Germany, Ukraine, Bengaluru, Frankfurt
It was Angermayer who introduced Bisslinger to Thiel at the party, Thiel would later tell the FBI. After some small talk, Bisslinger made a pitch to Thiel: Thiel should travel to Russia to attend the St. Petersburg International Economic Forum. If Thiel chose to attend, Bisslinger said, Bisslinger would arrange for him to meet privately with Putin. "Even if Mr. Angermayer did introduce Mr. Thiel and Mr. Bisslinger," the lawyers wrote in another letter, "Mr. Angermayer is not—and cannot be—responsible for whatever Mr. Bisslinger and Mr. Thiel may or may not have discussed." At his 40th birthday, he connected Peter Thiel with a Russian diplomat, Thiel later told the FBI.
Persons: Peter Thiel, Christian Angermayer, Thiel, Daniil Bisslinger, Bisslinger, Vladimir Putin's, Angermayer, Putin, Maksim Konstantinov, , Frank Figliuzzi, Vladimir Putin, — Charles Johnson —, Johnathan Buma, Johnson, Welt, Dmitry Peskov, John Lamparski, Donald Trump, — Thiel, Der Spiegel, he'd, Elon Musk, Musk, Thiel —, he's, Palantir, He's, Uma Thurman, Robbie Williams, Queen Latifah, Paul Kagame, Dan McCrum, John Kerry, Richard Grenell, Kerry, Sensei Biotherapeutics, Trump, Dmitry Medvedev, Medvedev, Maureen Dowd, Alexander Schütz, Eva Schütz, Schütz, — Heinz, Christian Strache, Markus Braun, Jan Marsalek, Marsalek, Caroline Haskins, Katherine Long, Jack Newsham, Mattathias Schwartz, Hans, Martin Tillack Organizations: Kremlin, Tech, Pentagon, CIA, Facebook, SpaceX, Kremlin's Ministry of Foreign Affairs, Russian Embassy, Thiel, St ., Economic, Getty, FBI, Atlantic, Bisslinger, Germany, Elon, Russia, NSA, US Special Operations Command, National Health Service, Apeiron Investment, Munich Security, intel, Trump, State Department, Angermayer's, PayPal, Nasdaq, Sciences, The New York Times, Deutsche Bank, Welt Locations: Silicon Valley, Schloss Neuwaldegg, Vienna, Silicon, Moscow, Russian, Berlin, Russia, St, St . Petersburg, Petersburg, Ukraine, Europe, Germany, NATO, Crimea, Ukrainian, Sevastopol, Palantir, Washington, Rwanda, Baltic, Belarus, Iran, Angermayer's Malta, Munich, China, China's, Austrian, Austria, Exxpress, Wirecard, schwartz79@protonmail.com
The logo of energy technology company Siemens Energy is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo Acquire Licensing RightsFRANKFURT/BERLIN, Oct 30 (Reuters) - Shares in Siemens Energy continued their recovery on Monday, topping Germany's blue-chip index as concerns over the group's ability to post guarantees for big industrial projects eased. Siemens (SIEGn.DE), which owns a 25.1% stake in Siemens Energy, was up 1.6%. News of the talks pushed Siemens Energy's shares to a record low last week on concerns the issue around guarantees could have an impact on the group's balance sheet. Around half of that, or about 15 billion euros, needs to be covered by the government, banks and Siemens, the sources said.
Persons: Chris Helgren, Joe Kaeser, Kaeser, Christoph Steitz, Markus Wacket, Rachel More, Mark Potter Organizations: Siemens Energy, REUTERS, Siemens, German Economy Ministry, Reuters, Welt, Thomson Locations: Vancouver , British Columbia, Canada, FRANKFURT, BERLIN, downpayments
BERLIN, Oct 14 (Reuters) - The head of German shipping firm Hapag Lloyd (HLAG.DE), Rolf Habben Jansen, expects the next three years to be difficult because demand for shipping services is growing more slowly than available shipping capacity, he told the Welt am Sonntag newspaper. Freight rates had fallen by around 60% year-on-year, he added. "Container shipping has always been a cyclical business," he told the newspaper. "I don't think it will be as bad as in 2008 and 2009, though." Reporting by Thomas Escritt; Editing by Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.
Persons: Hapag Lloyd, Rolf Habben Jansen, Thomas Escritt, Kirsten Donovan Organizations: Welt, Sonntag, Container, Thomson
Both states are led by the country's main opposition Union bloc, made up of the Christian Democratic Union and the Bavaria-only Christian Social Union. In Hesse, they give the CDU a double-digit lead in a three-way contest for the governor's office among the conservative party, Scholz's center-left Social Democrats and the environmentalist Greens. Scholz's government also faces intense pressure to reduce the number of migrants arriving, a major issue in the run-up to the elections. Green challenger Tarek Al-Wazir, currently the deputy governor to conservative incumbent Boris Rhein, also faces an uphill struggle. In Bavaria, governor Markus Soeder is calling for voters to back "continuity and stability."
Persons: Chancellor Olaf Scholz's, Scholz, , Karl, Rudolf Korte, Nancy Faeser, Tarek Al, Wazir, Boris Rhein, Markus Soeder, Soeder, Hubert Aiwanger, Aiwanger — Organizations: Sunday, Union, Christian Democratic Union, Christian Social Union, CSU, CDU, Social Democrats, environmentalist Greens, Germany, Greens, Free, Welt, Sonntag, Voters, Free Democrats, Free Voters Locations: Bavaria, Hesse, Frankfurt, Scholz's
Both states are led by the country's main opposition Union bloc, made up of the Christian Democratic Union and the Bavaria-only Christian Social Union. In Hesse, they give the CDU a double-digit lead in a three-way contest for the governor's office among the conservative party, Scholz's center-left Social Democrats and the environmentalist Greens. Scholz’s government also faces intense pressure to reduce the number of migrants arriving, a major issue in the run-up to the elections. Green challenger Tarek Al-Wazir, currently the deputy governor to conservative incumbent Boris Rhein, also faces an uphill struggle. Soeder is widely considered a potential candidate to challenge Scholz in 2025, although he has denied such ambitions.
Persons: Chancellor Olaf Scholz's, Scholz, won’t, , Karl, Rudolf Korte, Nancy Faeser, Tarek Al, Wazir, Boris Rhein, Markus Soeder, Soeder, Hubert Aiwanger, Aiwanger — Organizations: BERLIN, Sunday, Union, Christian Democratic Union, Christian Social Union, CSU, CDU, Social Democrats, environmentalist Greens, Germany, Greens, Free, Welt, Sonntag, ” Voters, Free Democrats, Free Voters Locations: Bavaria, Hesse, Frankfurt, Scholz's
BERLIN (AP) — Germany is considering establishing short-term border controls with Poland and the Czech Republic to keep irregular migrants from entering the country, a government official said Friday. Interior Minister Nancy Faeser told German newspaper Welt am Sonntag that setting up temporary police checks on border crossings would help Germany prevent the smuggling and trafficking of people. She added that the increased border checks would need to be combined with the already ongoing random police checks that are being carried out. Germany, Poland and the Czech Republic belong to the European Union's visa-free zone, commonly known as the Schengen Area. Political Cartoons View All 1176 ImagesFaeser is also discussing with the Czech Republic the possibility of German police officers operating on Czech territory, similar to an agreement that Germany has struck with Switzerland.
Persons: Nancy Faeser, Faeser Organizations: BERLIN, , Welt, German Interior Ministry, Swiss, EU Locations: — Germany, Poland, Czech Republic, Germany, Schengen, Czech, Switzerland, , Turkey, Russian, Ukraine
Growing up, the conductor Maxime Pascal was a self-identified musical dilettante. As a child in the south of France, he had some skill on the violin, and sat in on the piano lessons his mother taught. Now, though, Pascal, 37, is arguably his generation’s finest conductor of 20th-century music, as well as an essential interpreter of contemporary works. And his schedule reflects both the breadth of his ambition and the respect he has garnered on some of the industry’s most prestigious stages. This month, Pascal is at the podium of the Vienna Philharmonic for the Martinu rarity “The Greek Passion” at the Salzburg Festival in Austria.
Persons: Maxime Pascal, Pascal, , Pierre Audi, Le Balcon, Kurt Weill, Bertolt Brecht’s Organizations: New Orleans, Threepenny Opera, Vienna Philharmonic, Salzburg Festival Locations: France, Aix, Provence, Austria, Paris
BERLIN, Aug 13 (Reuters) - Germany's Rheinmetall (RHMG.DE) will deliver a Luna New Generation drone system to Ukraine by the year end, Bild am Sonntag reported on Sunday, citing company sources. Ukraine is desperate to boost its weapons arsenal, from drones and munitions to tanks, as it battles to repel Russia's invasion. The "Drones Package" consists of a ground control station with several drones, a launch catapult and military trucks, Bild said, adding the drone system could be used as a reconnaissance system, provide an LTE network and intercept or jam communications. The company was not immediately available for comment. Reporting by Riham Alkousaa, editing by David EvansOur Standards: The Thomson Reuters Trust Principles.
Persons: Sonntag, Bild, Riham Alkousaa, David Evans Organizations: Germany's Rheinmetall, Thomson Locations: Ukraine
Eras Tour tickets in Zurich are the most expensive in Europe, per Swiss newspaper NZZ am Sonntag. Surprising nobody, Switzerland has once again topped the charts as the "most expensive country" — this time for the cost of Taylor Swift's Eras Tour tickets in Europe. The cheapest tickets in the country cost 167.5 Swiss Francs, or $190, according to Swiss newspaper NZZ am Sonntag. Switzerland consistently ranks as one of the most expensive places on Earth, and the Swiss are no stranger to paying the most for, well, everything. And despite the steep ticket prices, the tour is still selling out in its Switzerland stops, according to NZZ am Sonntag.
Persons: NZZ, That's, Swift, Taylor, Organizations: Bloomberg, Morning, Swiss, Mac, Mercer, Wall Street, NZZ Locations: Zurich, Europe, Warsaw, Swiss, Switzerland, Poland, United States, Geneva, Hong Kong, Singapore
BERLIN, July 23 (Reuters) - Prominent German LGBTQ+ rights activist Anastasia Biefang has expressed concerns about an increase in homophobic and anti-transgender violence and abuse in the country, comparing it to rhetoric used by the Nazis. It's not only a shame, it's also worrying," she told Reuters in an interview on Saturday, adding that "transphobic, queerphobic, homophobic violence is also increasing significantly" in Berlin. In recent decades, the German capital has been known for having an accepting culture towards gender and sexual minorities. Biefang said it was of particular concern that the growing backlash against LGBTQ+ rights was being fuelled by supporters of far-right parties. There has been a pushback against gay and trans rights in other parts of Europe, too.
Persons: Anastasia Biefang, Biefang, Christopher, It's, it's, Insa, Viktor Orban, Nadja Wohlleben, Christoph Steitz, Helen Popper Our Organizations: Ministry, Reuters, European Union, Thomson Locations: BERLIN, Berlin, Germany, Europe, Hungarian
BERLIN, July 1(Reuters) - Germany's coalition government is at odds over whether to bow to British pressure and approve the production of Eurofighter Typhoon fighter jets for Saudi Arabia, the newspaper Welt Am Sonntag reported on Saturday, citing anonymous sources. A third of the components for the jets come from Germany, industry sources told Reuters at the time. Since the rapprochement of Saudi Arabia and Iran, which could end their proxy war in Yemen, the British have argued that Germany cannot block the export of Eurofighter jets to third parties. A spokesperson for the Chancellery declined to comment to Welt am Sonntag. Reporting by Sabine Siebold; Writing by Victoria Waldersee; Editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.
Persons: Chancellor Olaf Scholz, Christian Lindner, Jamal Khashoggi, Angela Merkel, Sabine Siebold, Victoria Waldersee, Jonathan Oatis Organizations: Eurofighter Typhoon, BAE Systems, Reuters, Social Democrats, Finance, Greens, SPD, Eurofighter, Welt, Thomson Locations: BERLIN, Saudi Arabia, Riyadh, Yemen, Saudi, Germany, United States, France, Britain, Iran
BERLIN, May 21 (Reuters) - German police said they are investigating the possible poisoning of two Russian exiles who attended a conference in Berlin at the end of April, organised by Russian Kremlin critic Mikhail Khodorkovsky. Berlin police told Reuters "a file had been opened" after German newspaper Welt am Sonntag, citing Russian investigative media group Agentstvo, said two women reported symptoms that suggested possible poisoning. Police gave no further details. Reporting by Maria Martinez Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.
The future of Credit Suisse's business in Switzerland is being closely watched as one of UBS's key strategic decisions. Credit Suisse's Swiss bank is one of the lender's four operating units and is seen as the jewel in the crown. In January, Credit Suisse had moved the business from its broader investment banking division into the Swiss unit, according to Credit Suisse's 2022 annual report. On a possible sale, Ermotti has said all options for the Swiss business are on the table. On Sunday, NZZ am Sonntag newspaper reported that UBS was working towards spinning off Credit Suisse's domestic unit.
UBS aims to close Credit Suisse deal by end of May, early June
  + stars: | 2023-05-03 | by ( ) www.reuters.com   time to read: +1 min
ZURICH, May 3 (Reuters) - UBS (UBSG.S) Chief Executive Sergio Ermotti said on Wednesday that the Swiss bank was working on closing its merger with Credit Suisse (CSGN.S) by the end of May or early June. Speaking at the Finanz '23 conference in Zurich, Ermotti also repeated his bank's line that all options were still on the table concerning Credit Suisse's Swiss business. In March UBS agreed to takeover its struggling cross-town rival for 3 billion Swiss francs ($3.37 billion) and said it would assume up to 5 billion ($5.61 billion) in losses as part of a deal hastily arranged by Swiss authorities. On Sunday, NZZ am Sonntag newspaper reported that the country's largest bank was working towards spinning off Credit Suisse's domestic unit, with its current head, Andre Helfenstein, expected to run it. The Swiss newspaper cited a source as saying that UBS had come around to the idea of a spin-off, which it initially ruled out, because of growing public and political pressure.
ZURICH, April 30 (Reuters) - As UBS's (UBSG.S) takeover of former rival Swiss bank Credit Suisse (CSGN.S) nears completion, details are emerging of what the new merged bank will look like. UBS is working towards spinning off the Swiss part of Credit Suisse and having the business's current head, Andre Helfenstein, run it, NZZ am Sonntag reported on Sunday. The Swiss newspaper cited a source as saying UBS had come around to the idea of a spin-off, which it initially deemed "out of the question", amid growing public and political pressure. UBS executives have repeatedly said that all options were still on the table concerning Credit Suisse's domestic business. NZZ also reported several sources as confirming that former co-head of UBS's global wealth management division, Tom Naratil, would rejoin the bank, having stepped down in October.
But Ola Kaellenius said decoupling from China, the world's second largest economy, was "unthinkable for almost all of German industry". "The major players in the global economy, Europe, the U.S. and China, are so closely intertwined that decoupling from China makes no sense," he was quoted as saying. German carmakers depend on the Chinese car market, the world's largest, and Mercedes-Benz counts China's Beijing Automotive Group Co Ltd (1958.HK) and Geely Chairman Li Shufu as its two top shareholders. China accounted for 18% of revenues and 37% of car sales at Mercedes-Benz in 2022 and Kaellenius predicted more to come. "Our sales figures in China are increasing and I am quite optimistic that we will also grow this year.
Russia has been using ships to spy in Nordic waters, a joint investigation by four countries' public broadcasters found. They are collecting intel on wind farms, gas pipelines, and power and internet cables, report said. Norway's NRK reported at least 50 Russian ships gathered intelligence there in the last ten years. DR reported that intercepted Russian navy communications showed Russian ships who had turned off their transmitters sailing in Nordic waters. One of the ships, Russian marine research vessel "Admiral Vladimirsky," sailed near current and future offshore wind farms, and stayed there for a few days, the outlets found.
Russian spies are using Tinder to pursue intelligence about the Ukraine war, Germany warned. Spies are targeting German soldiers and politicians, the country's counterintelligence service said. Intelligence services like Russia's appear to be using the dating app to seek intel and recruits. Other governments have previously warned that spies and foreign intelligence bodies could be using dating apps like Tinder to find sources and gather information. But the dating app has also been used by others in relation to the ongoing war in Ukraine.
BERLIN, April 16 (Reuters) - The German state of Bavaria wants to continue operating nuclear power plants under state own responsibility, State Premier Markus Soeder was quoted as saying, bringing a possible comeback for the power energy Germany finished phasing out on Saturday. The state, home to many of Germany's most successful exporting manufacturers, wants the federal government to change the nuclear exit law to allow operating such nuclear power stations under the state's own responsibility, Soeder said. "Bavaria is ready to take on this responsibility," he said, adding that Bavaria also wants to be a pioneer in nuclear fusion research and to construct of its own research reactor. Germany pulled the plug on its last three nuclear power stations on Saturday, including Bavaria's Isar II, ending a six-decade programme as Berlin enacts its plan for fully-renewable electricity generation by 2035. Isar II, run by German utility E.ON (EONGn.DE), is a 1,400 megawatt (MW) plant, able to power the equivalent of a metropolis.
BERLIN, April 16 (Reuters) - Germany's Interior Ministry is examining all Chinese components that are already installed in the country's 5G network, Minister Nancy Faeser was quoted as saying on Sunday, as Berlin re-evaluates its relationship with top trade partner China. "We have to protect our communication networks," Faeser told Bild am Sonntag newspaper, adding that the examination's three priorities were identifying risks, averting dangers and avoiding dependencies. "This is especially true for our critical infrastructure," she said. Germany has been considering banning certain components from Chinese companies Huawei and ZTE in its telecoms networks, a government source told Reuters last month, in a potentially significant move to address security concerns. Reporting by Riham Alkousaa; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.
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