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Commerzbank to pay $1.4 bn to settle US sanctions case: report

Commerzbank to pay $1.4 bn to settle US sanctions case: report

6 March 2015   0 comments
Germany's Commerzbank will pay at least $1.4 billion to settle US claims that it violated sanctions on countries including Iran and Sudan, Bloomberg reported. The second biggest German lender agreed to...

German industrial output sees surprise uptick in January 6 March 2015

German industrial production grew more than expected in January while the figure for December was corrected sharply upward, data showed on Friday.According to regular data compiled by the economy ministry,...

German graffiti vandals ordered jailed, caned in Singapore 5 March 2015

A Singapore court on Thursday sentenced two young German men to nine months in prison and three strokes of the cane for spray-painting a metro train in the city-state, which enforces hardline rules on...

Horse skeleton chases blue cock from Trafalgar Square 5 March 2015

A sculpture of a strutting horse skeleton was unveiled in London's Trafalgar Square on Thursday -- wearing a London Stock Exchange prices ticker in an allusion to the city's financial power.Entitled "Gift...

Emirates eyes 50 to 70 Airbus or Boeing long-haul jets 5 March 2015

Emirates Airlines is considering the purchase of up to 70 twin-engine Airbus A350s or Boeing 787s, company president Tim Clark said in Berlin Thursday, which would bolster the carrier's long-haul fleet.Clark...

Russia, golf business land Adidas profits in the rough

5 March 2015
Adidas, the German maker of sportswear and equipment, said Thursday that economic turbulence in Russia and difficulties in its golfing sector were partly behind a fall in net profit last year.The group,......

Skeleton statue unveiled in London's Trafalgar Square

5 March 2015
A sculpture of a strutting horse skeleton was unveiled in London's main Trafalgar Square on Thursday -- wearing a London Stock Exchange prices ticker in an allusion to the City's financial power.Entitled......

German spy agency HQ damaged in 'Watergate' flood 5 March 2015

The future headquarters of Germany's spy agency was flooded after thieves made off with water taps from the site, in a costly incident local media on Thursday dubbed "Watergate".Unidentified burglars...

German factory orders fall more than expected in January 5 March 2015

German industrial orders, a key measure of demand for goods in Europe's top economy, fell by nearly four percent in January, far more than expected, data showed Thursday.After a strong increase the previous...

German graffiti vandals ordered jailed, caned in Singapore 5 March 2015

A Singapore court on Thursday sentenced two young German men to nine months in prison and three strokes of the cane for spray-painting a metro train in the city-state, which enforces hardline rules on...

German vandals ordered jailed, caned in Singapore 5 March 2015

A Singapore court on Thursday sentenced two young German men to nine months in prison and three strokes of the cane for spray-painting a metro train in the city-state last year.Andreas Von Knorre, 22,...

German police detain nine over newspaper arson attack 4 March 2015

German police on Wednesday temporarily detained nine suspects over a January arson attack on a newspaper that had reprinted cartoons mocking the Prophet Mohammed from French satirical weekly Charlie Hebdo.Officers...

State asks 10 years for German cannibalism website 'murder' 4 March 2015

German prosecutors on Wednesday sought 10 and a half years' jail for a former police officer accused of killing a willing victim he met on a website for cannibalism fetishists.Public prosecutors told...

Merkel warns Russia of new sanctions if ceasefire violated 4 March 2015

German Chancellor Angela Merkel warned Russia Wednesday of new sanctions if the Ukraine ceasefire accord is not fully implemented, insisting that Kiev be allowed to regain full control of its eastern...

Merkel says France reforms on 'right track' 4 March 2015

German Chancellor Angela Merkel said Wednesday that French economic reforms put the country on the "right track" after Paris won a two-year delay from the EU to get its budget deficit back within Brussels...

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