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International: Business archive

Ackermann's Swan Song: Deutsche Bank Moves Toward an Uncertain Future

Ackermann's Swan Song: Deutsche Bank Moves Toward an Uncertain Future

February 02, 2012, 03:39 PM

Outgoing Deutsche Bank CEO Josef Ackermann presided over his final annual press conference on Thursday. His legacy will be that of transforming Germany's largest financial institution into a profit machine. But in the end, he lost control of the specters he unleashed. By Stefan Kaiser more...


The World from Berlin: Price of Exchanges Merger 'Would Have Been Too High'

The World from Berlin: Price of Exchanges Merger 'Would Have Been Too High'

February 02, 2012, 02:52 PM

It's back to the drawing board for stock exchange companies Deutsche Börse and NYSE Euronext after the European Commission blocked their merger plans. German commentators ask if the megal-deal was even a good idea in the first place. more... Comment ]


EADS Loses Massive Contract: India Opts For French Fighter Jets

EADS Loses Massive Contract: India Opts For French Fighter Jets

February 01, 2012, 01:38 PM

French defense manufacturer Dassault has beaten EADS for the right to negotiate exclusively with the Indian government on the sale of 126 fighter jets. Still, the deal could ultimately collapse -- in the past, all other talks to sell Dassault's Rafale aircraft abroad have failed. By Hasnain Kazim more... Comment ]

Threat to Competition: EU Blocks Merger of NYSE and Deutsche Börse

Threat to Competition: EU Blocks Merger of NYSE and Deutsche Börse

February 01, 2012, 01:00 PM

The European Commission has vetoed a planned merger between Deutsche Börse and NYSE Euronext stock exchanges, saying that it would have created a quasi-monopoly in certain kinds of trading. Deutsche Börse called it "a black day for Europe." more... Comment ]

Litigation Risks: Deutsche Bank Faces a Series of Damaging Lawsuits

Litigation Risks: Deutsche Bank Faces a Series of Damaging Lawsuits

January 30, 2012, 03:02 PM

The transition of power at Germany's largest bank is being overshadowed by the fallout from dubious deals in the US made at a time when incoming co-CEO Anshu Jain was head of investment banking. The bank faces a number of lawsuits, and the compensation claims are so large that regulators have asked Deutsche Bank to quantify them. more...

Groupon Head Andrew Mason: 'We've Succeeded in Making Coupons Cool'

Groupon Head Andrew Mason: 'We've Succeeded in Making Coupons Cool'

January 25, 2012, 06:18 PM

The online service Groupon has brought coupon cutting into the Internet age and turned it into an immensely profitable business. In an interview with SPIEGEL ONLINE, company founder Andrew Mason discusses Groupon's skyrocketing growth, complaints about cheap customers and the future of small-scale retail. more...

Berlin Start-Up 6Wunderkinder: Hopes are High for 'Workplace Facebook'

Berlin Start-Up 6Wunderkinder: Hopes are High for 'Workplace Facebook'

January 18, 2012, 02:51 PM

With more than a million downloads of its first app and a big investment from Skype's co-founder, 6Wunderkinder is already a significant player in the Berlin start-up scene. It now wants to establish itself as a major European company with the soon-to-be-released Wunderkit, a "Facebook for the workplace." By Christopher Cottrell in Berlin more... Comment ]

SPIEGEL Interview with Linde CEO: 'I Don't Believe the Euro Should be Rescued at All Costs'

SPIEGEL Interview with Linde CEO: 'I Don't Believe the Euro Should be Rescued at All Costs'

January 16, 2012, 03:57 PM

In a SPIEGEL interview, top German industrialist Wolfgang Reitzle argues that Germany should withdraw from the currency union if Europe's crisis-ridden countries fail to push through reforms. But whatever happens, Greece will have to leave the euro zone, he warns. more...

Creative Capital: Commerzbank Seeks To Avoid Nationalization

Creative Capital: Commerzbank Seeks To Avoid Nationalization

January 16, 2012, 12:28 PM

Germany's second largest bank is looking at other options to increase its capital by 5.3 billion euros in order to avoid another government bailout. This week, the bank must submit plans to increase its capital to the European Banking Authority. more...

Unpopular EU Proposal: 'Made in Germany' Label At Risk

Unpopular EU Proposal: 'Made in Germany' Label At Risk

January 16, 2012, 12:12 PM

The European Union wants to tighten controls on the rules that determine which products can carry the "Made in Germany" label. Germany's leading industry group is outraged, warning the move could hinder the success of the world's second-largest exporter. more...