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It was the second time this year that unrest in France has forced Macron to postpone high profile encounters with a head of state after Britain's King Charles cancelled a visit due to protests over pension legislation. "A state visit is a visit of friendship, purely ceremonial, there will be a better time to do so," a Macron aide told Reuters, asking not to be named. Macron spoke on the phone on Saturday with German President Frank-Walter Steinmeier and briefed him on the situation, a spokesperson for the German president said. The state visit was to see Macron cross Germany from west to east before giving a speech on bilateral relations. "The state visit can be made up for later, but the violent protests and the reactions to them also show how charged the political mood in France is at the moment," he added.

Persons: Yves Herman BERLIN, Emmanuel Macron, Macron, Britain's King Charles, Frank, Walter Steinmeier, Yann Wernert, Jacques Delors, Andreas Rinke, Elizabeth Pineau, Tom Sims, Richard Lough, Giles Elgood, Andrew Cawthorne Organizations: REUTERS, Thomson Locations: Nanterre, Paris suburb, France, Germany, Paris, Berlin

☆ Deutsche Bank human resources head Ilgner to leave bank
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, June 30 (Reuters) - Deutsche Bank's (DBKGn.DE) head of human resources, Michael Ilgner, has decided to leave the bank, Deutsche Bank announced on Friday, the latest in a spate of management changes. It was not immediately clear whether Ilgner's decision to leave was related to the investigation. A Deutsche Bank spokesperson declined to comment on the status of the probe. Deutsche Bank Chief Executive Officer Christian Sewing praised Ilgner as an "important partner" to the management board. Deutsche Bank in recent months has announced a number of board changes, the biggest management reshuffle since 2019.

Persons: Michael Ilgner, Ilgner, Michael, Tom Sims, Victoria Waldersee, Sandra Maler Organizations: Deutsche, Deutsche Bank, Thomson Locations: FRANKFURT

☆ Deutsche Bank set to finalise Postbank IT integration project this weekend
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, June 30 (Reuters) - Some Deutsche Bank (DBKGn.DE) customers will not have access to all services this weekend as the bank completes the merger of its IT platforms with Postbank customers, a project that will save hundreds of millions of euros in the years to come. In the fourth and final wave of the integration process this weekend, Deutsche Bank will transfer 4 million contracts of 2 million Postbank customers to a common IT system, a Deutsche Bank spokesperson said. It will mean that customers will not have all access to all services over the weekend, which the bank has communicated on Twitter and elsewhere. Deutsche Bank is currently in the process of cutting costs and reducing headcount, and the Postbank technology integration, dubbed internally as project "Unity", will eventually bring savings of 300 million euros ($325.29 million) a year by 2025, the bank has said. After completion, Deutsche will have 19 million customers' contracts from Postbank on a single platform, a milestone for CEO Sewing as he continues to turn around the bank after years of losses and scandals.

Persons: Deutsche, Tom Sims, Miranda Murray, Jane Merriman Organizations: Deutsche Bank, Twitter, Sewing, Deutsche, Postbank, Thomson Locations: FRANKFURT

☆ Volkswagen's Audi to replace CEO Duesmann with Gernot Doellner
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: 1 min

Companies Volkswagen AG FollowFRANKFURT, June 29 (Reuters) - Volkswagen's (VOWG_p.DE) Audi division will replace current CEO Markus Duesmann on Sept. 1, with Volkswagen strategy chief Gernot Doellner to take over, the carmaker said on Thursday. Reporting by Christina Amann; Writing by Christoph Steitz; Editing by Tom SimsOur Standards: The Thomson Reuters Trust Principles.

Persons: Markus Duesmann, Gernot Doellner, Christina Amann, Christoph Steitz, Tom Sims Organizations: Volkswagen, FRANKFURT, Audi, Thomson

☆ Audi names Volkswagen strategy chief Doellner as new CEO
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, June 29 (Reuters) - Volkswagen's (VOWG_p.DE) Audi named the German group's strategy chief as its new CEO on Thursday, as the luxury carmaker seeks to catch up with rivals in the dash towards electrification, including in China, the world's top car market. Gernot Doellner, who replaces Markus Duesmann, will become CEO with effect from September, Audi said, after the luxury automaker's supervisory board passed a resolution on Thursday. Doellner is a Volkswagen Group veteran who joined the company as a doctoral student in 1993 and rose through the ranks to become head of product development at Porsche. He headed up the Panamera series from 2011 to 2018 and became head of product strategy at Volkswagen AG in 2021. "Audi is a fantastic company with a rich history," Doellner said, adding: "I look forward to shaping the company's future together with the entire team at Audi."

Persons: Gernot Doellner, Markus Duesmann, Doellner, Oliver Blume's, Bentley, Peter Bosch, Christina Amann, Jan Schwartz, Ilona Wissenbach, Christoph Steitz, Victoria Waldersee, Tom Sims, Emma Rumney, Hans Seidenstuecker Organizations: Audi, Volkswagen Group, Porsche, Volkswagen AG, Volkswagen, BMW, Mercedes, Benz, Thomson Locations: FRANKFURT, China

☆ Volkswagen in discussions with Tesla over its charging standard
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: 1 min

FRANKFURT, June 29 (Reuters) - Volkswagen (VOWG_p.DE) said on Thursday that it was in discussions with Tesla (TSLA.O) over its North American charging standard to optimize it for its customers. "Volkswagen Group and its brands are currently evaluating the implementation of the Tesla North American Charging Standard (NACS) for its North American customers," Volkswagen said in an emailed statement. Reporting by Victoria Waldersee; writing by Tom SimsOur Standards: The Thomson Reuters Trust Principles.

Persons: Tesla, Victoria Waldersee, Tom Sims Organizations: Volkswagen Group, Tesla, North, Volkswagen, Thomson Locations: FRANKFURT

☆ Germany to reject Binance's bid for a cryptocurrency licence - source
▼ + stars: | 2023-06-29 | by ( ) www.reuters.com time to read: +1 min

The U.S. Securities and Exchange Commission this month sued Binance and its CEO Changpeng Zhao over what the regulator called a "web of deception" to evade U.S. laws. The German regulator, BaFin, issued a statement declining to comment on individual companies due to confidentiality. Last week, Belgium's FSMA regulator ordered Binance to stop offering any virtual currency services in the country. BaFin in 2021 warned Binance it risked being fined for offering certain digital tokens to clients in Germany without necessary information. Reporting by Tom Sims and Tom Wilson; Editing by Sabine Wollrab and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

Persons: Binance, Changpeng Zhao, Tom Sims, Tom Wilson, Sabine Wollrab, Mark Potter Organizations: U.S . Securities, Exchange Commission, Finance Forward, Thomson Locations: FRANKFURT, Germany, France

☆ Sharp slowdown in growth of bank lending for euro zone and Germany forecast
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +1 min

Lending to businesses and households in the 20-nation euro zone will expand 2.1% in 2023 and 1.7% in 2024, muted increases after a 14-year high of 5% in 2022, EY said in its lending forecast published Monday. The euro zone meanwhile dipped into recession earlier this year. "While the downturn is expected to be very shallow and short-lived, European markets continue to face high inflation and an unprecedented rise in interest rates. Mortgage lending is a particular area of weakness, with lending set to grow 1.4% in 2023, down from 4.9% in 2022. The ECB's latest lending survey, published in May, also found that lending growth to businesses and households slowed.

Persons: Dado Ruvic, EY, Sinead Cruise, Tom Sims, Elaine Hardcastle Organizations: REUTERS, EY, Reuters, Central Bank, Thomson Locations: FRANKFURT, Europe, Germany

☆ Commerzbank to book further provision for mBank after court ruling
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, June 23 (Reuters) - Germany's Commerzbank (CBKG.DE) said on Friday that it would book another provision of 342 million euros ($372.27 million) following a court ruling on how banks treat Swiss franc loans in Poland. The new figure means that Commerzbank, which has extensive operations in Poland through its mBank (MBK.WA), has provisioned or made payouts of more than 2 billion euros to deal with the issue. The bank said the figure would impact its second-quarter earnings but that it still expects a 2023 net profit "well above that of 2022". Polish courts have been deciding how the loans can be treated, including what banks can charge in interest for the loans, creating uncertainty for banks and their bottom lines. ($1 = 0.9187 euros)Reporting by Tom Sims; editing by David EvansOur Standards: The Thomson Reuters Trust Principles.

Persons: Tom Sims, David Evans Organizations: Thomson Locations: FRANKFURT, Poland

☆ German unions criticise possible Deutsche Bank job cuts
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +2 min

FRANKFURT, June 23 (Reuters) - Deutsche Bank's (DBKGn.DE) reported plans for possible job cuts at its German retail operations were roundly criticised by a union on Friday, foreshadowing tough labour negotiations ahead. "One can only shake one's head at Deutsche Bank, once again," Stephan Szukalski, chairman of the DBV bank union, said as Claudio de Sanctis prepares to take over as head of the German retail business on July 1. Reuters GraphicsDeutsche Bank declined to comment on any job cut plans or the union reaction to reports of them. The reduction in retail jobs is in the planning phase and still subject to discussions with unions and worker representatives, Reuters has reported. Deutsche Bank has in the past announced job cuts that never materialized.

Persons: Stephan Szukalski, Claudio de Sanctis, Szukalski, Verdi, Tom Sims, Friederike Heine, Alexander Smith Organizations: Deutsche, Deutsche Bank, Reuters Graphics Deutsche Bank, Reuters, Thomson Locations: FRANKFURT, Germany's

☆ Berlin plans to spend 8 billion euros in package for 60 Boeing Chinook helicopters
▼ + stars: | 2023-06-23 | by ( ) www.reuters.com time to read: +1 min

BERLIN, June 23 (Reuters) - Germany aims to purchase 60 Chinook helicopters from Boeing (BA.N) in a package that would cost up to 8 billion euros ($8.71 billion), including necessary infrastructure for the aircraft, a parliamentary source told Reuters on Friday. The sum includes the procurement of the CH-47 heavy-lift helicopters for 6.27 billion euros, 700 million euros for service, 240 million euros for national contracts and 750 million euros for the infrastructure, the source said, confirming reports by other media. Germany announced its intent to buy 60 Chinook heavy-lift helicopters from Boeing (BA.N) last year to replace its ageing CH-53 fleet. Originally, six billion euros had been budgeted for the helicopters. Germany's Chancellor Olaf Scholz shifted policy in February 2022 after Russia invaded Ukraine, sharply increasing defense spending and committing 100 billion euros for the Bundeswehr, Germany's armed forces.

Persons: Olaf Scholz, Sabine Siebold, Maria Sheahan, Tom Sims Organizations: Boeing, Bundeswehr, Thomson Locations: BERLIN, Germany, Russia, Ukraine

FRANKFURT, June 22 (Reuters) - Deutsche Bank (DBKGn.DE) is drawing up plans to cut 10% of its 17,000 German retail jobs over the next few years as part of cost savings, a person with knowledge of the matter said on Thursday. The plans at Germany's largest bank come as Claudio de Sanctis prepares to take over the retail unit, known as the private bank division, on July 1. Deutsche Bank, which declined to comment on any cuts to retail jobs, has publicly said that it is identifying further cost savings and would be trimming jobs in certain areas to keep profits growing. The bank has been expected to continue to cut branches to curb expenses, Reuters has previously reported. S&P last month upgraded its outlook for the bank and said that the retail division has "considerable scope" to cut costs.

Persons: Claudio de Sanctis, Tom Sims, Matthias Williams, Madeline Chambers, Susan Fenton Organizations: Deutsche Bank, Deutsche, Reuters, Thomson Locations: FRANKFURT, Germany's, Germany

☆ US Coast Guard ship transits Taiwan Strait after Blinken’s trip to China
▼ + stars: | 2023-06-22 | by ( Brad Lendon | ) edition.cnn.com time to read: +3 min

Seoul, South Korea CNN —A US Coast Guard ship “conducted a routine Taiwan Strait transit” on Tuesday, according to a statement released by the US Navy. Koh’s database notes two occasions where Coast Guard cutters have sailed the strait with US Navy destroyers. China’s Coast Guard responded on Thursday on their official Weibo account where Gan Yu, the spokesperson of China’s Coast Guard, said that “on June 21 US Coast Guard Stratton sailed through the Taiwan Strait” and accused the US of “hyping up” the matter by announcing it publicly. According to the US, the Chinese ship came within 150 yards of the USS Chung-Hoon – less than the length of the Arleigh Burke-class ship itself. A Chinese military spokesperson later accused Washington of “deliberately stirring up trouble and risks in the Taiwan Strait.”

Persons: “, USCGC, ”, Antony Blinken’s, Xi Jinping, Collin Koh, Xi, Gan Yu, Coast Guard Stratton, Haley Sims, Hoon, USS Chung, Arleigh Burke Organizations: South Korea CNN, Coast Guard, US Navy, Beijing, USCG, Rajaratnam, of International Studies, Navy, China’s Communist Party, Taiwan, China’s, Guard, Weibo, China’s Coast Guard, US, CNN, USS Locations: Seoul, South Korea, Taiwan, China, Singapore, Taiwan Strait, Canadian, Washington

☆ Black executives see progress since George Floyd, but much work still to be done: CNBC survey
▼ + stars: | 2023-06-19 | by ( Frank Holland | In Frank-Holland | ) www.cnbc.com time to read: +4 min

The tragedy sparked more awareness and positive change in corporate America, according to a new survey of Black executives conducted by CNBC, but the results from the survey show that there remains much work to be done. The survey, conducted by CNBC in partnership with the Executive Leadership Council, found 74% of Black executives saying they saw a positive change in hiring, retention and promotion of Black employees since Floyd was killed in May 2020. As many Black executives say organizational treatment of Black employees has remained the same (43%) or worsened (9%) since 2020, as those who say it has improved (48%). And exactly half say there are still less opportunities for Black employees than other employees at their organizations. More Black executives said that prior to 2020 their firms were "checking the DEI box" rather than taking a comprehensive approach.

Persons: George Floyd, Kerem Yucel, Floyd, Shundrawn Thomas, George Floyd's, Judy Smith, Smith, Smith & Company . Smith, Thomas, Rashida Jones, Priscilla Sims Brown, Melonie Parker, Johnson Organizations: Afp, Getty, Black, CNBC, Executive, Council, Copia, Smith & Company, Equity, Opportunity, MSNBC, Amalgamated Bank ., Google Locations: Minneapolis , Minnesota, U.S, America, New Orleans

☆ Opinion: Trump, the hoarder in chief
▼ + stars: | 2023-06-18 | by ( Richard Galant | ) edition.cnn.com time to read: +13 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. Photos included in the 38-count indictment of former President Donald Trump and his aide Walt Nauta show bankers boxes stacked in a bathroom and other parts of Trump’s Mar-a-Lago club. Trump has always hung onto news clippings, documents and other mementos,” The New York Times reported. “Trump is chaotic and unpredictable in a way that could lead other Republicans to believe that there is a chance he won’t make it to the convention. As Zelizer noted, “Trump has denied wrongdoing, claiming he is being unfairly targeted.”But “given this unusual context, Republicans have legitimate reasons to think that there could be an upset.

Persons: Harry Fellowes, Fellowes, Harry Fellowes couldn’t, Donald Trump, Walt Nauta, Trump, Kim Jong, Mr, Jack Smith’s, Peter Bergen, ” Bergen, Nick Anderson, David Zurawik, “, ” Zurawik, ” Clay Jones, ” Trump, Jill Filipovic, ” Dana Summers, John Avlon, MAGA hasn’t, Gautham Rao, Donald Trump’s, Dean Obeidallah, Hillary Clinton, Phil Hands, Miami Mayor Francis Suarez, Julian Zelizer, “ Trump, ”, Facebook Trump, Zelizer, Republican Alice Stewart, Joe Biden, Mike, Pence, Agency Stewart, I’m, that’s, Chris Christie, Christie, Cupp, ’, Frida Ghitis, Mucutuy, –, Cristin, Tien Ranoque, ” Ghitis, David Andelman, Ruth Ben Ghiat, Brett Bruen, Sébastien Roblin, Michael Bociurkiw, Father’s, Edward S, Feldman, Harrison Ford, David G, Allan, Tom Hanks, ” Allan, I’ve, Ford, Indiana Jones, Steve Majors, Young, Joyce M, Davis, Pete Buttigieg, ” Davis, Buttigieg, Don’t, Tom Stiglich, Syndicate David Culver, Opal Lee, Dion Sims, Black, Juneteenth Scott Hodge, Roxanne Jones, LeBron James, NBA Joshua Douglas, Samuel Huneke, Jere Hester, they’re, Sir Paul McCartney, John Lennon’s, Yoko Ono, Lennon’s, McCartney Organizations: CNN, White, The New York Times, West Wing, Tribune, Agency, US, Trump, Miami Mayor, Republican, Twitter, Facebook, intel, New, New Jersey Gov, Paramount Pictures, “, Syndicate, NBA, Central Press, Hulton, Beatles, BBC Locations: Trump’s, Mar, Miami, New Jersey, China, Philadelphia, Atlanta , Georgia, Harrisburg , Pennsylvania, Jamaica

[1/2] Greenpeace activists hang a banner to protest Deutsche Bank and DWS investment policies on Deutsche Bank's headquarters in Frankfurt, Germany, June 14, 2023. REUTERS/Tom SimsFRANKFURT, June 14 (Reuters) - Greenpeace activists scaled Deutsche Bank's (DBKGn.DE) headquarters in Frankfurt on Wednesday and strung up a large yellow banner to protest against the climate investment policies of the German lender and its asset management company DWS. Deutsche Bank said that sustainability and climate protection were "strategic priorities", and that it supports DWS in the development of its sustainability policies and standards. The German-language Greenpeace banner was unfurled shortly after 6 a.m. CEST (0400 GMT) and stretched across part of the glass facade on the lower section of Deutsche Bank's twin office towers. Mauricio Vargas, a Greenpeace finance expert who was standing outside Deutsche Bank's headquarters, said: "DWS's scandal is Deutsche Bank's scandal."

Persons: Tom Sims FRANKFURT, DWS, Stefan Hoops, Mauricio Vargas, Tom Sims, Rachel More, Jamie Freed, Sharon Singleton Organizations: Greenpeace, Deutsche Bank, Deutsche Bank's, REUTERS, Deutsche, Thomson Locations: Frankfurt, Germany

[1/2] Uday Kotak, Managing Director of Kotak Mahindra Bank poses for a picture at the company's corporate office in Mumbai January 15, 2015. Kotak General Insurance, which is fully-owned by Indian banking giant Kotak Mahindra Bank (KTKM.NS), did not respond to Reuters queries. While the Kotak insurance unit's interest in selling a stake has been reported earlier, its talks with Zurich, the potential deal size and valuation are being reported for the first time. More than 30 companies operate in India's general insurance market, where annual premium collections grew 11% to reach $26.7 billion in 2021-22, helped by rising financial literacy and income levels, CareEdge Ratings said in a report. Already, foreign companies such as Germany's Allianz and South Africa's Lombard have general insurance partnerships with Indian banking or financial groups.

Persons: Uday Kotak, Kotak, South Africa's Lombard, Ergo, Sriram, Tom Sims, Victoria Farr, Aditya Kalra, Jacqueline Wong Organizations: Mahindra Bank, REUTERS, Danish, Zurich Insurance, Kotak, Zurich eyeing, Insurance, Asia's, Germany's Allianz, South, Thomson Locations: Mumbai, India, Zurich, MUMBAI, South Africa's, Europe, China, Frankfurt

[1/2] Greenpeace activists hang a banner to protest Deutsche Bank and DWS investment policies on Deutsche Bank's headquarters in Frankfurt, Germany, June 14, 2023. REUTERS/Tom SimsFRANKFURT, June 14 (Reuters) - Climate activists on Wednesday targeted two of the globe's biggest banks - Deutsche Bank (DBKGn.DE) and JPMorgan (JPM.N) - for their fossil fuel investment policies with separate protests in Germany's financial capital, Frankfurt. Greenpeace activists scaled Deutsche Bank's headquarters shortly after dawn and strung up a large yellow banner to protest against the climate investment policies of the German lender and its asset management company DWS. The protests highlight the ongoing tension between climate activists and financial firms. Mauricio Vargas, a Greenpeace finance expert who was standing outside Deutsche Bank's headquarters, said: "DWS's scandal is Deutsche Bank's scandal."

Persons: Tom Sims FRANKFURT, DWS, Stefan Hoops, Mauricio Vargas, KoalaKollektiv, Chuka Umunna, Tom Sims, Rachel More, Jamie Freed, Sharon Singleton Organizations: Greenpeace, Deutsche Bank, Deutsche Bank's, REUTERS, JPMorgan, Deutsche, Thomson Locations: Frankfurt, Germany, Europe

☆ A New Era of Wedding Dress Shopping
▼ + stars: | 2023-06-10 | by ( Shannon Sims | ) www.nytimes.com time to read: +2 min

“It is about a wedding wardrobe for them right now.”That was the case for Ms. Moore, the Dallas bride. Although she found her wedding dress only a few months before the main celebration, she had bought multiple bridal outfits since getting engaged in September 2021. First, there was the engagement party dress, then another dress for the bridal shower, then two more for a separate elopement in Las Vegas. “I went into it knowing I wanted to set aside a part of my budget that wasn’t for my wedding dress, but for other looks,” she said. “I feel like for me, it’s just that time in your life when you’re the center of attention, and wedding dress shopping felt so high-pressure,” she added.

Persons: ”, Chapman, Moore, “, it’s, Amy Trinh Locations: Dallas, Las Vegas, Cabo San Lucas, Mexico, London

☆ Cycle Syncing Is Trendy. Does It Work?
▼ + stars: | 2023-06-01 | by ( Alisha Haridasani Gupta | ) www.nytimes.com time to read: +3 min

According to proponents of cycle syncing, in this phase the body is primed to take on stress and can recover more quickly. And it remains unclear whether cycle syncing makes sense for women using hormonal forms of birth control. The bits of scientific and anecdotal evidence showing fluctuations in performance or energy throughout the menstrual cycle also don’t prove that syncing workouts to the cycle will optimize fitness. One of the main aims of the Empow’her program is to fill that void, Ms. Antero said. She plans to publish the results of the training program after the Olympics.

Persons: Mahalingaiah, Juliana Antero, Antero, Stacy Sims, Clancy, ”, Asima Ahmad, Ms, Scott Organizations: French Institute of Sport

☆ German tax fraud mastermind handed further 8-year jail sentence
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: +2 min

Berger had already been sentenced to eight years in jail in December after a similar trial. The public prosecutor had demanded a prison sentence of 10 and a half years and the confiscation of assets. Berger's sentences follow nearly a decade of investigations that government officials say span around 1,500 suspects and 100 banks on four continents. Authorities have raided the German branches of companies including Barclays (BARC.L), Bank of America (BAC.N), JP Morgan (JPM.N) and Morgan Stanley (MS.N) in their investigations. In September, Bank of New York Mellon Corp (BK.N), Germany's Warburg Group and Deutsche Bank (DBKGn.DE) said they would pay a combined 60 million euros to tax authorities over the scandal.

Deutsche swapped billions of euros in securities for cash and government bonds, the sources told Reuters, which count towards its liquidity coverage ratio (LCR). This is meant to determine the extent of a bank's access to ready cash to fund outflows such as depositor withdrawals. The trades caught the attention of European Central Bank (ECB) supervisors, who questioned Germany's largest lender about them during routine exchanges, the sources said. Even without the trades, Deutsche would have far exceeded a 100% LCR regulatory requirement and overshot its own target, the sources said, adding that its liquidity is not a concern. Deutsche's trades helped it raise its LCR to 143% at March 31, its first-quarter earnings report published in April showed.

☆ Elliott seeks investigation into Deutsche Wohnen loan to Vonovia
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +1 min

DUESSELDORF, May 22 (Reuters) - Activist investor Elliott is calling for a special investigation into a loan that German property company Deutsche Wohnen (DWNG.DE) made to its top shareholder Vonovia (VNAn.DE), documents filed ahead of a Deutsche Wohnen annual shareholder meeting (AGM) show. In 2021, Vonovia completed the takeover of rival Deutsche Wohnen to create a property group with more than 500,000 apartments. In January 2022, Deutsche Wohnen disclosed in a public filing that it would lend up to 2 billion euros to its new main shareholder. Cornwall, an investment vehicle owned by Elliott, wants shareholders to vote to install an independent investigator to examine the loan at the shareholder meeting slated for June 15 to examine whether the loan was in the best interest of investors, the AGM documents show. Deutsche Wohnen's supervisory board said that it did not see any need for an investigation.

Xbox Game Pass vs. PlayStation Plus: GamesHorizon: Forbidden West is one of the latest high-profile games to hit PlayStation Plus. Horizon Forbidden West / SonyThe main selling points of Game Pass and PlayStation Plus are their Netflix-style libraries of downloadable games. Xbox Game Pass' recent day-one releases include the cooperative shooter Redfall, and the rhythm-based action game Hi-Fi Rush. Game Pass members get a 10% discount when buying games that are already on Game Pass, so you can always get a deal before a game leaves the service entirely. That 10% discount also applies to downloadable content and add-ons for Game Pass games, which aren't always included with the base version.

FRANKFURT, May 17 (Reuters) - Deutsche Bank (DBKGn.DE) investors on Wednesday questioned the sustainability of the lender's growth plans and called for a shift of resources from the investment bank, even as they praised CEO Christian Sewing for stabilising the bank. Andreas Thomae of the Deutsche Bank investor Deka said that the bank's targets require a "tailwind" from the markets to be achievable, and rising interest rates have been "pure adrenaline" for the bank. Reuters GraphicsShe called on the bank to shift capital from its investment bank to other areas in the bank that yield higher returns. "Deutsche Bank is one of the European banks most dependent on investment banking, a poorly predictable, opaque business that is driving down its stock valuation," she said. Sewing, who won kudos from some of the investors for restoring profitability, responded that the bank was "robustly and sustainably profitable".

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