An executive member of Lufthansa has been quoted as saying, the airlines aims to win back business travelers by boosting the number of flights and improving in-flight catering. Currently, the German airline is carrying around 50% of the passengers it flew… Read More ›
On Monday, a German finance agency said, Berlin plans on selling up to a quarter of its 20% stake in Lufthansa over the coming weeks citing positive developments at the bailed-out airline. With the news reaching the market, Lufthansa’s shares… Read More ›
Germany’s conservative candidate who will succeed Angela Merkel as chancellor is scheduled to meet Tesla’s CEO Elon Musk sometime today during a visit to the company’s gigafactory site in Gruenheide near Berlin. “I am glad that Elon Musk has just… Read More ›
In a statement, Chinese battery giant CATL said, it is planning a private share placement to raise up to $8.98 billion (58.2 billion yuan) to fund six projects aimed at boosting the production capacity of lithium-ion batteries. The development comes at… Read More ›
On Thursday, in a statement the TUI Group said, the holiday travel sector is seeing a recovery from the COVID-19 pandemic. Following easing of travel restrictions in Britain, the holiday company saw a surge in bookings from Germany and continental… Read More ›
On Monday, France’s Axa posted a 180% surge in its first quarter net income even as the French insurer rebounded from a spike in pandemic-related claims that led to a $1.8 billion (1.5 billion euro) charge in 2020. In a statement… Read More ›
On Friday, in a statement Allianz said, its local Chinese asset management business has received regulatory approval, marking the first wholly foreign-owned insurance asset management company in the country. Foreign financial institutions are eager to expand their onshore footprint in… Read More ›
On Tuesday, German insurer Allianz said it expects insurance claims of more than $589 million (500 million euros) from storm Bernd, which caused massive flooding in parts of western Germany this month. Allianz’s estimate is the first estimate from a German… Read More ›
On Thursday Barclays said, it has appointed Ingrid Hengster as the CEO for Germany; the bank also appointed her as its global chairman for investment banking. Hengster joins from KfW Bankengruppe. The move in a series of appointments sees Barclays… Read More ›
According to the results of the European Commission’s monthly sentiment survey for the 19 countries sharing the euro, the economic sentiment among these countries have touched a 21-year-high following an accelerated pace of COVID-19 vaccinations on the back of which… Read More ›
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