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Search resuls for: "Frankfurter Allgemeine Zeitung"


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You gotta pay your bills.’”NATO Secretary-General Jens Stoltenberg said that the 31 allies are committed to defending each other. Photos You Should See View All 21 Images“NATO remains ready and able to defend all allies. Under NATO’s mutual defense clause, Article 5 of its founding treaty, all allies commit help of any member who comes under attack. Article 5 has only ever been activated once – by the U.S. in the wake of the Sept. 11, 2001, attacks. NATO has undertaken its biggest military buildup since the Cold War since Russia invaded Ukraine in February 2022.
Persons: Donald Trump, Władysław Kosiniak, Kamysz, , Trump, , ’ ” Trump, Jens Stoltenberg, ” Stoltenberg, Putin, ___ Cook, Kirsten Grieshaber Organizations: NATO, Republican, . Defense, , , Foreign Ministry, Frankfurter Allgemeine Zeitung, Trump, Associated Press Locations: WARSAW, Poland, U.S, Russia, Europe, Conway , South Carolina, ” Russia, NATO, Anchorage, Erzurum, Baltic, Lithuania, Latvia, Estonia, Moscow, Soviet Union, Ukraine, Ukraine’s Crimean, Brussels, Berlin
These include plans by ArcelorMittal , the world's second-largest steelmaker, to spend 2.5 billion euros to decarbonise its German steel mills, efforts that depend on now-uncertain government support. "What we're seeing here is devastating for Germany as a business location globally. Besides the 6 billion euros of steel investments, other sectors potentially affected by the court ruling include 4 billion euros in the area of microelectronics and 20 billion euros for battery cell production, according to an economy ministry paper seen by Reuters. Those have previously been estimated at 68 billion euros. "Important industries in Germany, such as chemicals or steel production, need economical energy prices," Oliver Blume, CEO of Europe's top carmaker Volkswagen (VOWG_p.DE), told Frankfurter Allgemeine Zeitung.
Persons: Olaf Scholz, Robert Habeck, Christian Lindner, Reiner Blaschek, Chancellor Olaf Scholz, Stefan Rauber, Intel INTC.O, Taiwan's, Bernhard Osburg, Oliver Blume, Christoph Steitz, Tom Kaeckenhoff, Andreas Rinke, Catherine Evans Organizations: Climate, Finance, ArcelorMittal, SHS Stahl, Reuters, IMF, Intel, TW, Infineon, Steel, BASF, Wacker Chemie, Volkswagen, Frankfurter Allgemeine Zeitung, Thomson Locations: FRANKFURT, DUESSELDORF, Berlin, Germany, Asia, United States, U.S, USA, Steel Europe
COPENHAGEN, May 3 (Reuters) - Danish brewer Carlsberg (CARLb.CO) has reached a settlement with German authorities and agreed to pay a 50 million-euro ($55 million) fine over the alleged formation of a cartel more than a decade ago. It said it refuted the allegations but had settled in order to focus on its core business of brewing beer. "We confirm that Carlsberg Deutschland Holding GmbH has reached a settlement in this case, which has been ongoing for 11 years and required an enormous amount of time and financial resources," Carlsberg's head of communications, Tanja Frederiksen, said in a statement. "We still strongly disagree with the charges and maintain our innocence, but we have taken this decision in order to be able to fully focus again on the future of Carlsberg Deutschland Holding GmbH," Frederiksen said. The case was concluded on Tuesday at the Düsseldorf Higher Regional Court, Carlsberg said.
Chief Executive Markus Duesmann said that a decision had not yet been made but that the IRA made it far more attractive to build electric vehicles (EVs) in the United States. Asked whether Audi would build a plant itself or do so together with other Volkswagen brands, Duesmann said: "Both are possible. But a growing number of firms are now announcing heightened investment in the United States over Europe in light of the IRA, worrying European officials. Volkswagen is also upgrading its Mexican plants in Puebla and Silao to starting building EVs, motors and related components by mid-decade. Volkswagen is due to lay out in March how it will rejig its production network worldwide to scale up EV production.
BERLIN, Feb 19 (Reuters) - The co-chief of Germany's ruling Social Democrats (SPD) is sceptical about NATO's goal for each member to spend 2% of economic output on defence, according to a newspaper report, underscoring ambivalence in the country about bolstering the military. The party of Chancellor Olaf Scholz did recently commit to the 2% NATO goal, but as with junior coalition partner the Greens, has members who remain unconvinced. According to FAZ, Esken expressed scepticism about the efforts of Defence Minister Boris Pistorius, also of the SPD, to hike defence spending in next year's budget. "Ten billion euros (more) is a lot of money," she was quoted as saying. Germany's regular 2023 defence budget was around 50 billion euros ($53.5 billion), well short of 75 billion euros, or 2% of economic output.
Nestle to hike food prices further in 2023, CEO says
  + stars: | 2023-02-04 | by ( ) www.reuters.com   time to read: +1 min
Feb 4 (Reuters) - Nestle (NESN.S) will have to raise prices of its food products further this year to offset higher production costs that it has yet to fully pass on to consumers, Chief Executive Mark Schneider told a German newspaper. The increases will not be as steep as they were in 2022, but "we have some catching up to do over the full year," Schneider was quoted as telling Frankfurter Allgemeine Zeitung in an interview due for publication on Sunday. In the first nine months of 2022, the world's biggest food group, which makes KitKat chocolate bars and Nescafe reported organic sales growth of 8.5%, of which price rises accounted for 7.5 percentage points. Inflation in many developed economies has been running at multi-decade highs, driven in large part by increases in prices of food and energy. Reporting by John Stonestreet; Editing by Alexandra HudsonOur Standards: The Thomson Reuters Trust Principles.
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.
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.
Infineon ready to spend billions on acquisitions - CEO
  + stars: | 2022-12-28 | by ( ) www.reuters.com   time to read: +1 min
MUNICH, Dec 28 (Reuters) - Infineon (IFXGn.DE) is ready to spend several billion euros on the right takeover target as it searches for acquisitions, Chief Executive Jochen Hanebeck said in an interview published on Wednesday. The German chip maker is constantly "on the lookout" for suitable companies, Hanebeck told Frankfurter Allgemeine Zeitung (FAZ). "I see it in the range of up to a few billion (euros)." In its fiscal year through September 2022, Infineon posted a rise in revenue by nearly 30% to 14.2 billion euros ($15.1 billion), while segment profit jumped 63% to 3.4 billion euros. It is quite conceivable that start-ups that are not sufficiently well financed, for example, would want to join a corporation, Hanebeck told FAZ.
German finance minister eyes new growth package -FAZ
  + stars: | 2022-12-27 | by ( ) www.reuters.com   time to read: +1 min
BERLIN, Dec 27 (Reuters) - German Finance Minister Christian Lindner has tasked his officials with preparing a growth package including lowering income and corporation tax, the Frankfurter Allgemeine Zeitung (FAZ) daily reported on Tuesday, citing an internal document. The document sets out what it describes as a "turning point in economic and financial policy" for Europe's biggest economy for the next two years, reported the newspaper. Arguing that Germany had fallen behind and that high energy prices, caused in part by Russia's invasion of Ukraine, had put German companies under pressure, the document said state money was not a solution in the long run. "We cannot counter this challenge in the long run with more state money and industrial policy subsidies," the FAZ quoted the document as saying. In concrete terms, reported the FAZ, the document set out the case for a general reduction in income and corporation tax and also contained proposals for the labour market and social security.
FRANKFURT, Dec 24 (Reuters) - The European Central Bank must be prepared to take the heat and raise interest rates further, including by more than the market expects, if that is needed to bring down inflation, ECB policymaker Isabel Schnabel said in an interview published on Saturday. The ECB raised rates for a fourth straight time last week and hinted at further hikes - jolting euro zone bond markets and triggering a backlash from the Italian government. "Whether we will still need to go higher than that will depend on the future inflation outlook," she told German newspaper Frankfurter Allgemeine Zeitung. She added that the ECB will focus on medium-term inflation expectations, rather than current readings, and saw little risk of raising borrowing costs too far at present given that real interest rates are still very low. Schnabel said the ECB should weather the pressure.
ECB's Schnabel sees little risk of overreacting to inflation
  + stars: | 2022-12-24 | by ( ) www.reuters.com   time to read: 1 min
FRANKFURT, Dec 24 (Reuters) - European Central Bank policymaker Isabel Schnabel sees little risk of raising borrowing costs too far at present given that interest rates are still very low after they are adjusted for inflation, she said in an interview published on Saturday. "The danger of overreacting continues to be limited, as real interest rates are still very low," Schnabel told German newspaper Frankfurter Allgemeine Zeitung. Reporting By Francesco Canepa; editing by Philippa FletcherOur Standards: The Thomson Reuters Trust Principles.
But a new U.S. law offering hefty subsidies to local manufacturers of green technology has given the company pause for thought. That is roughly four times what the German government is offering, he said, with cheaper energy prices in the United States on top. The act introduces tax credits related to investment in green technology, plus tax breaks for consumers buying an electric vehicle or other green product made in North America. German carmakers and suppliers, for which the United States is a main export market, are among its biggest victims. "If we don't do anything, a lot will emerge in the United States," said Siemens Energy (ENR1n.DE) Chief Executive Christian Bruch.
BERLIN, Nov 7 (Reuters) - Qatar's foreign minister has accused Germany of "double standards" over its criticism of the World Cup host's human rights record and has defended its summoning of the German ambassador, in a newspaper interview published on Monday. Qatar has faced intense criticism from human rights groups over its treatment of migrant workers, who along with other foreigners comprise the bulk of the country's population. Qatar's foreign ministry last month summoned the German ambassador over Interior Minister Nancy Faeser's comments that a country's human rights record should be factored into whether they are selected as World Cup host. "We are annoyed by the double standards," he said, adding that Qatar had faced a systematic campaign against it in the 12 years since being selected to host the World Cup that he said no other country had faced. Writing by Miranda Murray, editing by Rachel More and Gareth JonesOur Standards: The Thomson Reuters Trust Principles.
FILE PHOTO: Bundesbank president Joachim Nagel attends a dinner program at Grand Teton National Park where financial leaders from around the world are gathering for the Jackson Hole Economic Symposium outside Jackson, Wyoming, U.S., August 25, 2022. REUTERS/Jim UrquhartFRANKFURT (Reuters) - The European Central Bank has a long way to go before it is done with interest rate hikes and it should also start reducing its oversized holding of government debt at the start of next year, Bundesbank President Joachim Nagel told a German newspaper. “We should start shrinking our bond portfolio at the beginning of next year, for example by allowing existing bonds to expire in a market friendly way,” Frankfurter Allgemeine Zeitung quoted Nagel as saying on Tuesday in an interview. Nagel, asked about future rate hikes, also said: “There’s still a long way to go. “I am convinced that this is not the end of the rate hikes.”
FRANKFURT, Oct 25 (Reuters) - Newly appointed Fresenius CEO Michael Sen said that the company's debt-financed growth strategy cannot continue, in an interview in Frankfurter Allgemeine Zeitung's Wednesday edition. But this model is no longer viable," Sen said, laying out his realignment of the firm following his appointment on Oct. 1. Regarding Elliott Investment Management's stake in the company announced last week, Sen said: "We have already been in contact with Elliott." Fresenius management will include the opinion of investors regarding the future of the company in its considerations, he said, adding that no banks had been mandated for the sale of its hospital operator Helios. Reporting by Emma-Victoria Farr, editing byOur Standards: The Thomson Reuters Trust Principles.
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Persons: Arthur Suciu, Mircea Platon, Margareta, Dumitru, Crudu, El, Vasile, Johann Holtrop, Victor, Richard Kämmerlings, Julia Encke, Vladimir Beșleagă, Vasile Vasilache, Volodimir, Liza, Iuri Anduhovîci, Philippe Muray, Élisabeth Lévy Organizations: Cartier, WELT Locations: Rotonda, României, Donbas, Jadan, balaganul, Skovoroda, România, Republica Moldova
Генеральный секретарь Североатлантического альянса (НАТО) Йенс Столтенберг предложил Москве провести переговоры в рамках встречи Совета «Россия — НАТО» (СРН). «У нас есть много тем для обсуждения, которые отвечают общим интересам НАТО и России», — отметил он. По словам генсека, альянс предложил российской стороне организовать встречу более года назад, но все еще не получил положительного ответа. «Отношения НАТО и России сейчас достигли низшей точки, которой мы не знали со времен окончания холодной войны», — заявил генсек. Первого июня российский министр иностранных дел Сергей Лавров заявил, что Москва готова возобновить диалог с НАТО — восстановить совет «Россия — НАТО», при этом начаться контакт должен с военных.
Persons: Йенс Столтенберг, Столтенберг, Сергей Лавров Organizations: Североатлантический альянс (НАТО), Совет «Россия НАТО» (СРН), СРН, НАТО, Россия НАТО Locations: Москва, Россия
Президент Украины Владимир Зеленский заявил, что Киев хотел бы получить оборонительные виды вооружений от Германии. «Германия не оказывала нам военной помощи, но она могла бы это сделать», — заявил он в интервью изданию Frankfurter Allgemeine Zeitung, сообщает DW. «Габек понял это», — подчеркнул Зеленский, имея в виду сопредседателя партии Зеленых Роберта Габека, который после своего визита в Киев одобрительно высказался о возможных поставках вооружений в Украину. Официальный представитель правительства Германии Штеффен Зайберт, комментируя высказывания Габека, заявил, что ФРГ остается верна принципу запрета на поставки вооружения в регионы, где ведется война. Зайберт заявил, что решать конфликт на Донбассе необходимо исключительно политическим путем.
Persons: Владимир Зеленский, Зеленский, Роберт Габек, Штеффен Зайберт, Габек, Зайберт Organizations: Зеленых Locations: Украина, Киев, Германия, ФРГ, Донбасс
Partidul Angelei Merkel, Uniunea Creştin-Democrată (CDU, centru-dreapta) a fost depășită de Partidul Verzilor în sondajele de opinie şi ar putea pierde postul de cancelar, informează publicaţia Frankfurter Allgemeine Zeitung, citată de Mediafax. Uniunea Creştin-Democrată / Uniunea Creştin-Socială (CDU/CSU, centru-dreapta) are o susţinere electorală de 25%, iar Partidul Social-Democrat (SPD) este creditat cu 14%. Angela Merkel este criticată din cauza restricţiilor antiepidemice şi acordării de privilegii persoanelor vaccinate. Uniunea Creştin-Democrată/Uniunea Creştin-Socială a fost afectată şi de disputele privind candidatul la funcţia de cancelar. Angela Merkel a anunţat că nu va candida pentru postul de cancelar în scrutinul parlamentar din septembrie.
Persons: Angelei Merkel, Angela Merkel, Armin Laschet, Markus Söder Organizations: CDU, Partidul Verzilor, Zeitung, Mediafax, Partidul Social - Democrat ( SPD, Partidul, - Democrat, FDP, ZDF, ARD, CSU Locations: Germania, Uniunea, CSU, CDU / CSU
Маркус Зёдер отметил, что в Европе наблюдаются реальные проблемы с вакцинацией населенияПремьер Баварии Маркус Зёдер призвал Евросоюз как можно быстрее одобрить российскую вакцину от коронавируса "Спутник V", передает tass.ru. "Решение об одобрении "Спутника V" следует принять как можно скорее. Ранее премьер Баварии в интервью газете Frankfurter Allgemeine Zeitung призывал Евросоюз "свободнее мыслить" в вопросе допуска вакцин разных производителей в ЕС и выступил за выпуск российского препарата "Спутник V" в Германии. Вакцина "Спутник V" зарегистрирована в 55 странах с общим населением свыше 1,4 млрд человек, в том числе во входящих в ЕС Венгрии и Словакии, которые одобрили препарат в одностороннем порядке. Европейское агентство лекарственных средств (ЕМА) 4 марта сообщило о начале процедуры последовательной экспертизы вакцины "Спутник V".
Persons: Маркус Зедер, Зедер Organizations: населенияПремьер, Европейское агентство лекарственных средств (ЕМА) Locations: Европа, Бавария, Евросоюз, Спутник, ЕС, Германия, Венгрия, Словакия
в 1,07 трлн евро, а также плана восстановления экономики Европейского союза после пандемии в 750 млрд. Вместо традиционных двух дней европейские лидеры три дня не могли поделить новый многолетний бюджет Европейского союза. И вот, когда, казалось бы, со “скупой четверкой” удалось договориться, взбунтовались Польша и Венгрия. Такие страны, как Польша и Венгрия, должны испытывать финансовый голод”. “Польша и Венгрия показали, что и другие государства тоже могут идти по этому пути”, - отметил Рар.
Persons: Матеуш Моравецкий, Давид Сассоли, Катарина Барли, Виктор Орбан, Ласло Кевер, Ярослав Качиньский, Моравецкий, Йоханнес Хан, Вовторых, Антониу Кошта, Орбан, Александр Рар, Рар, Збигнев Зебро, Ксения Флоря Organizations: Солидарная Польша, Европарламент, Еврокомиссия, Право и справедливость, Совет Евросоюза, Европейская комиссия, Европейский совет, Бибиси, Европейский суд, ВЗГЛЯД Locations: Польша, Венгрия, Евросоюз, Варшава, Будапешт, ЕС, Европейский союз, Брюссель, СССР, Европа, Дания, Нидерланды, Австрия, Швеция, Испания, Италия, Еврокомиссия, Советский Союз, Европейский, Москва, Германия, Португалия, Берлин, Будапештом, Штутгарт, Франция, Восточная Европа
Pentru prima dată de la sfârșitul Războiului Rece, guvernul de la Berlin le-a cerut cetățenilor săi să fie pregătiți cu stocuri de alimente și apă în eventualitatea unor atacuri sau catastrofe, a anunțat ediția de duminică a Frankfurter Allgemeine Zeitung. Germania se află în alertă, după ce trei atacuri teroriste au avut loc luna trecută. De curând, Berlinul a anunțat că va spori cheltuielile în domeniul securității, creând o unitate specială pentru a combate criminalitatea cibernetică și terorismul. Publicația afirmă că o comisie parlamentară a cerut inițial ministerului să realizeze o strategie de apărare civilă în anul 2012. Un purtător de cuvânt al Ministerului de Interne a declarat că planul va fi discutat în ședința de guvern de miercuri, dar a refuzat să dea amănunte privind conținutul documentului.
Organizations: Zeitung, Interne Locations: Berlin, Germania, Berlinul
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