Latest Germany Headlines

All the headlines from our Germany Topic Page, ordered by recency.

Judge Agrees to Some VW Requests to Limit SEC Lawsuit Over Diesel Scandal

Aug 21 2020 // A U.S. judge on Thursday dismissed portions of a U.S. Securities and Exchange Commission lawsuit accusing Volkswagen AG of defrauding American investors in connection with the automaker’s diesel emissions...

As Harvest Losses Continue, German Farmers Seek Insurance Subsidy

Aug 18 2020 // Germany’s 2020 grain harvest will fall below average for the third year in a row as farmers grapple with extreme weather conditions, the DBV farmer’s association said on Tuesday.The grain harvest this year is...

Business, Insurers Face Survival Showdowns Over Pandemic Coverage

Aug 18 2020 // PILANESBERG NATIONAL PARK, South Africa— Wynand du Toit’s safari camp in South Africa’s Pilanesberg National Park lies abandoned, its tents ripped open by baboons and its survival in the balance after his...

Legacy Specialist DARAG Buys Luxembourg Auto and Travel Insurer, Arisa Assurances

Aug 6 2020 // DARAG Group Ltd., the Malta-based legacy acquirer, announced the acquisition of Arisa Assurances SA, an automobile and travel insurance company based in Luxembourg.The transaction will be conducted through DARAG’s...

Germany to Reform Regulation of Insurers, Banks, Payment Firms on Wirecard Scandal

Jul 27 2020 // German Finance Minister Olaf Scholz intends to unveil a reform of the government’s financial oversight, as the widening scandal over the collapse of Wirecard AG reaches the highest levels of Chancellor Angela...

German Prosecutors Arrest Ex-Wirecard Execs on Suspicion of Running Criminal Racket

Jul 24 2020 // German prosecutors arrested three former top executives of Wirecard on Wednesday, saying it suspected them of masterminding a criminal racket to fake the company’s accounts and bilk creditors of billions of...

BHSI Names Amandi from Allianz as Head of Financial Institutions in Germany

Jul 21 2020 // Berkshire Hathaway Specialty Insurance (BHSI) announced that it has named Dr. Frank Amandi as head of Financial Institutions, for Executive and Professional Lines in Germany.Amandi has more than 20 years of experience...

Investors, Insurers Warned of Risk of U.S. Sanctions for Russian Pipeline Ties

Jul 17 2020 // U.S. Secretary of State Mike Pompeo on Wednesday warned investors in two Russian natural gas pipeline projects that they could face sanctions as the Trump administration seeks to curb the Kremlin’s economic leverage...

Liberty Specialty Names Rieger Head of Casualty Germany, Succeeding Offenhau

Jul 15 2020 // Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Rainer Rieger as head of Casualty Germany.Rieger, who has worked with the company since 2015, is replacing Detlef Offenhau who recently...

German Officials Seize Server With U.S. Police Files Stolen in Data Breach

Jul 10 2020 // At the behest of the U.S. government, German authorities have seized a computer server that hosted a huge cache of files from scores of U.S. federal, state and local law enforcement agencies obtained in a Houston data...

Wirecard Probe Expands with Arrest of Head of Dubai-Based Subsidiary

Jul 7 2020 // BERLIN/FRANKFURT – German prosecutors said on Monday they had arrested the head of a Dubai-based subsidiary of Wirecard, widening the circle of suspects in a multi-billion-dollar fraud investigation into the collapse of...

Report Highlights Need for Better Risk Management on Europe’s Container Ship Routes

Jun 29 2020 // A Dutch safety watchdog said Thursday [June 25] that it is “undesirable” for large container ships to use a shipping route through an environmentally sensitive, shallow sea off the coast of the Netherlands,...

SoftBank May Sue Wirecard Accountant EY; EU Probes Germany’s Regulator

Jun 26 2020 // The European Union is investigating Germany’s financial regulator over the collapse of payments company Wirecard in a rare move that heaps embarrassment on Berlin days before it is due to take over the EU’s...

‘The Money’s Gone’: Wirecard Collapses Owing $4 Billion

Jun 25 2020 // Wirecard collapsed on Thursday owing creditors almost $4 billion after disclosing a gaping hole in its books in Germany’s worst accounting scandal.The implosion of the payments company came a week after auditor EY...

Former CEO of Wirecard Arrested in Accounting Scandal Involving Missing $2.1 Billion

Jun 23 2020 // FRANKFURT – Wirecard’s former boss was arrested on Tuesday on suspicion of falsifying accounts, after the German payments firm disclosed a $2.1 billion financial hole and questioned whether trustees had...

Russia Aims to Complete Nord Stream Gas Pipeline, Despite U.S. Objections

Jun 17 2020 // Russia’s Gazprom PJSC has made a request with the Danish government to deploy new vessels in the Baltic Sea for work on the disputed Nord Stream 2 gas pipeline, Denmark’s environmental protection agency...

Germany’s Rhine River at Dangerously Low Levels, Which Could Disrupt Shipping

Jun 9 2020 // Germany’s Rhine River is entering dry summer months with water levels at their lowest in two decades, prompting fears of shipping disruption on Europe’s most important inland waterway.After spring showers...

German Insurer Allianz Seeks Asset Management License from China Regulators

Jun 5 2020 // Allianz is in talks with Chinese regulators for a license as the German insurer looks to eventually offer broad asset management services in the world’s second-largest economy.Discussions for a license to manage its...

Senators Seek to Expand U.S. Sanctions to Insurance for Russia-Europe Pipeline

Jun 4 2020 // U.S. senators will announce a bill this week expanding sanctions on Russia’s Gazprom-led Nord Stream 2 project, Senate aides said, targeting a pipeline Washington says will make Europe too reliant on Russian gas.The...

German Court Backs Damages Claims Against VW, Providing Clarity for 60,000 Cases

May 28 2020 // A German court has ruled that Volkswagen must buy back cars from owners of its diesel cars equipped with software that evaded emissions testing – but but consumers must accept the current value of the car based on the...