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Germany to take on more debt in 2021 due to virus

Agence France-Presse
Posted at Aug 21 12:10 PM

Germany will need to take on yet more debt in 2021 to mitigate the impact of the coronavirus on the economy, Finance Minister Olaf Scholz said Friday. Read more »

Deutsche Boerse changes rules to kick Wirecard out of DAX 30

Agence France-Presse
Updated as of Aug 13 12:15 PM

German stock exchange operator Deutsche Boerse on Wednesday announced that it will tweak its rules in order to quickly expel scandal-hit payments firm Wirecard from the prestigious DAX 30 index following its insolvency.   Read more »

Singapore company director charged over Wirecard scandal

Agence France-Presse
Posted at Aug 10 08:09 AM

A company director has been charged in Singapore with falsifying letters linked to scandal-hit German payments giant Wirecard, according to court documents, as the fallout from the firm's collapse spreads further around the world.   Read more »

Volkswagen has paid $9.5 billion to US drivers over 'dieselgate'

Agence France-Presse
Posted at Jul 28 02:28 PM

Volkswagen has paid some $9.5 billion since 2016 to US motorists misled by devices installed by the German automaker to cheat emission standards, the US federal consumer protection authority said Monday. Read more »

ALAMIN: Mga posibleng mangyari sakaling ‘bilhin’ ang fan page ng isang artista

ABS-CBN News
Posted at Jul 25 08:57 PM

Nabunyag kamakailan na may ilang nag-aalok na bilhin ang mga fanpage sa social media accounts ng ilang artista ng ABS-CBN sa kasagsagan ng isyu ng pagpapasara sa network.  Read more »

Bangko Sentral welcomes international coordination in Wirecard probe

ABS-CBN News
Updated as of Jul 17 11:58 AM

The Bangko Sentral ng Pilipinas said Friday it was open to coordination with international authorities to hold individuals involved in the Wirecard scandal accountable. Read more »

Germany vows to beef up finance watchdog after Wirecard drama

Agence France-Presse
Posted at Jul 06 08:12 AM

German Finance Minister Olaf Scholz said Sunday he wanted to overhaul the country's finance watchdog Bafin and give it more powers after a massive fraud scandal involving digital payments firm Wirecard. Read more »

Japan has reopened Tokyo Disneyland and Tokyo DisneySea after a four-month closure

ANCX
Updated as of Jul 06 05:06 AM

Plus, another vaccine candidate tests well in human trials, Argentinians donate blood to plasma treatment studies, and Tesla helps out a COVID drugmaker. BY JACS T. SAMPAYAN Read more »

Football: Bayern win 20th German Cup to complete double

Ryland JAMES, Agence France-Presse
Posted at Jul 05 11:52 AM

Bayern Munich completed the double with a 4-2 victory over Bayer Leverkusen behind closed doors to win a 20th German Cup on Saturday. Read more »

Wirecard files for insolvency, becoming first DAX member to fail

Reuters
Posted at Jun 25 05:16 PM

BERLIN/MUNICH, Germany -- Wirecard said on Thursday it was filing for insolvency after disclosing a $2.1 billion financial hole in its accounts, becoming the first sitting member of Germany's blue-chip share index to go out of business. Read more »

Former CEO of scandal-hit Wirecard arrested in Germany

Michelle Fitzpatrick, Agence France-Presse
Posted at Jun 23 05:42 PM

The former chief executive of Wirecard, Markus Braun, has been arrested on suspicion of market manipulation, German prosecutors said Tuesday, after the payments provider admitted that 1.9 billion euros ($2.1 billion) missing from its accounts likely "do not exist".   Read more »

Wirecard thinks its $2.1 billion cash was a fiction in growing 'disaster'

Patricia Uhlig, Karen Lema and John O'Donnell, Reuters
Posted at Jun 22 11:27 PM

FRANKFURT/MANILA - Wirecard said on Monday that 1.9 billion euros ($2.1 billion) it had booked in its accounts likely never existed, a black hole that threatens to engulf the payments firm and tarnish the reputation of Germany's financial watchdog. Read more »

Suspect in UK girl's 2007 disappearance refusing to speak about case

Agence France-Presse
Posted at Jun 11 04:29 PM

BERLIN, Germany - The German man suspected of kidnapping and murdering British girl Madeleine McCann has refused to speak about the case, one of his lawyers told German television.   Read more »

Football: Bayern in German Cup final after 2-1 win over Frankfurt

Reuters
Posted at Jun 11 11:12 AM

Bayern Munich remained on course for a domestic double after beating Eintracht Frankfurt 2-1 on Wednesday to reach the German Cup final for the third straight year. Read more »

Lufthansa reports net loss of 2.1 billion euros in Q1

Agence France-Presse
Posted at Jun 03 02:52 PM

German airline giant Lufthansa said Wednesday it will undergo "far-reaching" restructuring as it posted a first-quarter net loss of 2.1 billion euros ($2.3 billion) on Wednesday, hammered by the coronavirus pandemic. Read more »

German football returns under intense scrutiny

Ryland James, Agence France-Presse
Posted at May 16 05:02 PM

The German Football League convinced Chancellor Angela Merkel and the country's regional leaders to allow play to resume by agreeing to submit to an extraordinary set of guidelines to prevent infection.   Read more »

German football league hopes for restart go-ahead despite ten cases of coronavirus

Ryland James, Agence France-Presse
Posted at May 05 04:28 PM

On Monday, the German Football League reported that out of 1,724 tests, 10 had returned a positive result, three of which are already known to involve Bundesliga side Cologne.   Read more »

World leaders to launch WHO COVID-19 plan, but US won't take part

Stephanie Nebehay, Reuters
Posted at Apr 24 10:28 PM

French President Emmanuel Macron and German Chancellor Angela Merkel will help launch a global initiative on Friday to accelerate work to fight COVID-19, the World Health Organization said, but the United States said it will not take part. Read more »

Germany's Oktoberfest cancelled due to coronavirus

Reuters
Updated as of Apr 21 03:58 PM

BERLIN - Germany's Oktoberfest, the world's largest folk festival, where revellers from all over the world gather to swig large quantities of beer, has been cancelled due to the coronavirus crisis, the southern state of Bavaria said on Tuesday.   Read more »

GPCCI: German investors in PH preparing contingency plans amid 2019-nCoV threat

ABS-CBN News
Posted at Jan 29 05:18 PM

Dr. Martin Henkelmann of the German-Philippine Chamber of Commerce and Industry says German investors in the Philippines have contingency measures planned in case of a novel coronavirus outbreak.  Read more »