German Firms
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German Consumer Confidence Reaches Two-Year High
The forward-looking GfK consumer-climate index for Germany forecast confidence to rise to minus 24.2 in May from minus 27.3 this month, suggesting the country’s economy may have turned a corner and confirming a similar upbeat sentiment reading ...The Wall Street Journal - World - Germany -
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Mix of Slowing Growth, Firm Inflation Worries Investors
Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.The Wall Street Journal - World -
Mix of Slowing Growth, Firm Inflation Worries Investors
Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.The Wall Street Journal - World -
TikTok's Chinese parent firm says no plans to sell
The video sharing app faces being banned in the US unless it severs ties with its China's ByteDance.BBC News - Top stories - Tiktok -
Thoma Bravo to Buy U.K. Cybersecurity Firm Darktrace
Private equity firm Thoma Bravo said it plans to buy Darktrace in a cash deal that values the U.K. cybersecurity company at around $5 billion.The Wall Street Journal - World - United Kingdom -
Thoma Bravo to Buy U.K. Cybersecurity Firm Darktrace
Private equity firm Thoma Bravo said it plans to buy Darktrace in a cash deal that values the U.K. cybersecurity company at around $5 billion.The Wall Street Journal - Business - United Kingdom -
Relief for German Bunds Not Guaranteed Just yet
With macroeconomic risks continuing to loom and with the Fed likely to bide its time, Commerzbank Research doubts that Bunds are out of the woods with the pre-weekend recovery on Friday.The Wall Street Journal - World - Germany -
Survey finds that 60 firms are responsible for half of world’s plastic pollution
Study confirms Philip Morris International, Danone, Nestlé, PepsiCo and Coca-Cola are worst offenders. Fewer than 60 multinationals are responsible for more than half of the world’s plastic pollution, with five responsible for a quarter of that, ...The Guardian - World -
German retirees will get an inflation-busting pension increase this year
Germany’s Cabinet has approved a 4.57% rise in retirees’ pensionsfrom this summer, an increase that is well above the current inflation rateABC News - World - Germany -
US TikTok ban would be 'devastating', UK firms warn
UK businesses using TikTok say they could see a significant drop in sales if the app is banned in the US.BBC News - Top stories - United Kingdom -
Cybersecurity Firm Rubrik to Raise $752 Million in U.S. IPO
The company, backed by investors including Microsoft and Lightspeed Venture Partners, is selling 23.5 million shares.The Wall Street Journal - Tech -
Rubrik Shares Jump 21% in Market Debut
The Microsoft-backed cybersecurity software firm becomes the latest tech company to have an IPO.The Wall Street Journal - World -
The German parliament votes for an annual veterans' day to honor military service
The German parliament has voted to introduce an annual national “veterans’ day” to honor people who have served in the military, which often has struggled to gain recognition in the countryABC News - World -
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A Chinese Firm Is America’s Favorite Drone Maker. Except in Washington.
U.S. authorities consider DJI a security threat. Congress is weighing legislation to ban it, prompting a lobbying campaign from the company, which dominates the commercial and consumer drone markets.The New York Times - Business -
A Chinese Firm Is America’s Favorite Drone Maker. Except in Washington.
U.S. authorities consider DJI a security threat. Congress is weighing legislation to ban it, prompting a lobbying campaign from the company, which dominates the commercial and consumer drone markets.The New York Times - Top stories -
German MPs break taboo by backing first post-unification Veterans’ Day
Annual event in June is designed to make service in volunteer army more attractive amid looming threats. The German parliament has passed a bill creating the first post-unification Veterans’ Day, breaking with a long-held taboo around veneration ...The Guardian - World - Germany -
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Warren Buffett's Real-Estate Firm Settles Antitrust Matter for $250 Million
The real-estate industry has now agreed to pay nearly $1 billion to settle anticompetitive allegations.The Wall Street Journal - World -
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Warren Buffett's Real-Estate Firm Settles Antitrust Matter for $250 Million
The real-estate industry has now agreed to pay nearly $1 billion to settle anticompetitive allegations.The Wall Street Journal - Business -
Ex-McKinsey Consultant Says Firm Misled Congress onHandling ofOpioid Documents
Former McKinsey partner Arnab Ghatak sued the consulting firm, accusing it of making false statements about document retention after improperly deleting records while under government investigation.The Wall Street Journal - World -
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A Chinese Firm Is America’s Favorite Drone Maker. Except in Washington.
U.S. authorities consider DJI a security threat. Congress is weighing legislation to ban it, prompting a lobbying campaign from the company, which dominates the commercial and consumer drone markets.The New York Times - Business -
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‘Call My Agent’ producer backed by KKR buys German rival
French TV and film company Mediawan is benefiting from EU quotas on locally produced contentFinancial Times - Business - Germany -
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German far-right lawmaker whose assistant was arrested for spying for China keeps up election bid
A prominent German far-right lawmaker says he will dismiss an assistant who was arrested on suspicion of spying for China, but will remain the Alternative for Germany party’s top candidate in the upcoming European Parliament electionsABC News - World - China -
German Bund Yield Edges Higher on Two-Year High Consumer Sentiment Data
10-year Bund yields edged higher after an above-forecast GfK consumer sentiment index added to the better-than-expected German data this week.The Wall Street Journal - World -
Angela van den Bogerd shown letter blaming Post Office for sub-postmaster's death
The former executive was being questioned about the Post Office's response to Martin Griffiths taking his own life in 2013.BBC News - Top stories -
German lawmakers assail far-right party over alleged China, Russia links following spying arrest
The German government and opposition lawmakers have assailed the far-right Alternative for Germany for its alleged closeness to Russia and China after an assistant to a legislator for the party was arrested on suspicion of spying for BeijingABC News - World - Germany -
Comex Gold Settles Higher, Silver Falls
Gold settled up 0.2% Friday, while silver fell 0.4%. For the week, both metals posted a loss.The Wall Street Journal - World -
Len Blavatnik’s DAZN threatens to sue German football league over TV rights auction
Sports streaming group accuses DFL of ‘unlawful behaviour’ after losing out to SkyFinancial Times - World - Germany -
Ballistic missiles fired by Yemen's Houthi rebels damage Panama-flagged oil tanker in Red Sea
Ballistic missiles fired by Yemen’s Houthi rebels caused “minor damage” to a Panama-flagged oil tanker traveling through the Red SeaABC News - World