Michelle Martin

Wirecard hits out at fraudsters amid search for missing billions

Jun 19 2020

FRANKFURT, June 19 German payments company Wirecard lashed out against unidentified fraudsters on Friday after $2.1 billion went missing from its accounts, sending its shares into a tailspin and putting a question mark over the company's future.

Madeleine McCann is assumed dead, German prosecutor says

Jun 04 2020

BERLIN Madeleine McCann, the British girl who disappeared in Portugal in 2007 aged just three, is assumed to be dead and an imprisoned German child abuser is the murder suspect, a German prosecutor said on Thursday | Video

'Still at the beginning': Merkel asks Germans for resilience in coronavirus battle

Apr 23 2020

BERLIN Chancellor Angela Merkel urged Germans on Thursday to show endurance and discipline to get through the coronavirus pandemic that is "still at the beginning", and called for a bigger European Union budget to support economic recovery in the bloc. | Video

Coronavirus pandemic to shrink German economy by record 9.8% in second quarter

Apr 08 2020

BERLIN Germany's economy, Europe's largest, will probably shrink by 9.8% in the second quarter, its biggest decline since records began in 1970, due to measures imposed to slow the spread of the novel coronavirus, the country's leading think tanks said on Wednesday.

Germany: ESM aid should be disbursed without lengthy visits from officials

Apr 03 2020

BERLIN Euro zone states that need aid from the bloc's bailout fund to tackle the economic fallout from the coronavirus outbreak should get it quickly without being subjected to lengthy visits and policy proposals from officials, Germany's finance minister said.

German economy could shrink more this year than in 2008/9 crisis: minister

Apr 02 2020

BERLIN Europe's largest economy might shrink more this year than during the 2008/9 financial crisis, German Economy Minister Peter Altmaier said on Thursday, adding that contractions of more than 8% might be registered in some months as coronavirus bites.

German economy could shrink by 5.4% this year due to coronavirus: advisors

Mar 30 2020

BERLIN The coronavirus outbreak will push Germany into recession in the first half of this year and could result in output in Europe's largest economy contracting by up to 5.4% this year, Germany's council of economic advisers said on Monday.

UPDATE 2-Coronavirus wipes up to 70 mln euros off Deutsche Post's Feb earnings

Feb 28 2020

BERLIN, Feb 28 The coronavirus outbreak has wiped up to 70 million euros ($76 million) off Deutsche Post's operating profit this month, the German post and logistics group said on Friday.

Call to dissolve state assembly as Merkel steps into row over far-right

Feb 06 2020

BERLIN The newly elected premier of Thuringia called for the dissolution of the state assembly on Thursday after Chancellor Angela Merkel said his election with support from her party and the far-right Alternative for Germany (AfD) was inexcusable.

World News

G7 rivals China with grand infrastructure plan

The Group of Seven richest democracies sought on Saturday to counter China's growing influence by offering developing nations an infrastructure plan that could rival President Xi Jinping's multi-trillion-dollar Belt and Road initiative.