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The Latest Breaking News from Frankfurt

Invasion of Ukraine threatens to scramble ECB's plans

Frankfurt (AFP) - Russia's invasion of Ukraine and spiralling energy prices have upended the economic outlook and left European Central Bank policymakers with the task of navigating the eurozone through a fresh crisis at their meeting on Thursday.

AFP

Volkswagen reimagines classic camper for the electric age

Frankfurt (AFP) - Seventy years after its first model rolled off the factory line, Volkswagen is reinventing the VW bus, symbol of the hippy movement, for today's climate-conscious generation -- but some of its former afficionados remain to be convinced.

AFP

Adidas latest to close Russia stores following invasion

Frankfurt (AFP) - German sportswear group Adidas is temporarily closing its stores in Russia and shut its online shop, joining a growing list of companies suspending their activities following the invasion of Ukraine.

AFP

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ECB reckons with impact of war on eurozone's doorstep

Frankfurt (AFP) - Russian President Vladimir Putin's invasion of Ukraine has added an extra layer of complexity to the decisions facing European Central Bank policymakers as they meet on Thursday.

AFP

Volkswagen plans 2 bn euro electric car plant in Germany

Frankfurt (AFP) - German auto giant Volkswagen said on Friday it had approved a 2 billion euro investment in a new electric car plant, as it seeks to overhaul its business in the face of stiff competition from US rival Tesla.

AFP

Zelensky addresses Europe: "If we will fall, you will fall so please don't be silent"

Thousands of Europeans from Prague to Frankfurt gathered to hear the Ukrainian leader's speech.

Axios

Top carmakers suspend operations at Russian plants

Frankfurt (AFP) - Toyota and Volkswagen, the world's two biggest auto manufacturers, said Thursday they would suspend operations at their production facilities in Russia, following the invasion of Ukraine.

AFP

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Lufthansa narrows losses as Ukraine weighs on outlook

Frankfurt (AFP) - German carrier Lufthansa said Thursday that it cut its losses by two-thirds in 2021, but warned of uncertainty for the industry from the coronavirus pandemic and the Russian invasion of Ukraine.

AFP

Thai evacuees from Ukraine arrive home

Thirty-eight Thai evacuees from Ukraine arrived at Suvarnabhumi airport via Frankfurt on Wednesday morning and 58 others were due via Dubai around noon.

Bangkok Post

European subsidiary of Russia's Sberbank to enter bankruptcy

Frankfurt (AFP) - The European subsidiary of Russia's Sberbank will be wound up after coming under pressure from Western sanctions levelled against the bank in response to Moscow's invasion of Ukraine, European banking regulators said Tuesday.

AFP

Russian classical music stars under pressure over Ukraine war

Frankfurt (AFP) - Germany's Munich Philharmonic fired Russian conductor and Kremlin loyalist Valery Gergiev on Tuesday after he failed to denounce Moscow's invasion of Ukraine, while a top Russian soprano withdrew from concerts as the fallout from the war engulfed artists.

AFP

Blackhawk Growth to Acquire Remaining 49% of NuWave Foods; NuWave Foods Changes Name to Stable Foods

Vancouver, British Columbia - TheNewswire - February 28, 2022- Blackhawk Growth Corp. (CSE:BLR) (CSE:BLR) (OTC:BLRZF) (Frankfurt: 0JJ) (the "Company" or "Blackhawk"), is pleased to announce that it has entered into a definitive share purchase agreement (the "Purchase Agreement") pursuant to which it intends to acquire (the "Acquisition") the remaining 49%…

Benzinga

European subsidiary of Russia's Sberbank 'failing or likely to fail': ECB

Frankfurt (AFP) - The European subsidiary of Russia's state-owned Sberbank is facing bankruptcy, the European Central Bank said on Monday, in the wake of sanctions aimed at punishing Moscow for its invasion of Ukraine.

AFP

Super sub Sane seals Bayern win, Bundesliga shows Ukraine solidarity

Berlin (AFP) - Leroy Sane grabbed a late winner as Bayern Munich won 1-0 at Eintracht Frankfurt on Saturday to open a nine-point lead at the top of the Bundesliga, while Germany's top-flight clubs showed solidarity in response to Russia's invasion of Ukraine.

AFP

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AFP

German club Schalke remove Gazprom as shirt sponsor after Russian invasion

Frankfurt (AFP) - German football club Schalke 04 said Thursday it would remove Russian gas company Gazprom from its shirts, following the invasion of Ukraine.

AFP

ECB 'closely monitoring' implications of Ukraine invasion

Frankfurt (AFP) - The European Central Bank said on Thursday it was following unfolding events in Ukraine after the launch of a Russian invasion and watching for any impacts on the eurozone economy.

AFP

Volkswagen eyes separate stock market listing for Porsche

Frankfurt (AFP) - German auto giant Volkswagen said Tuesday it is drawing up plans to list its luxury brand Porsche as it looks to raise the funds for its move to electric vehicles.

Benzinga

Khiron Adds Another Clinic Location In Peru In Partnership With Pain Clinic CDL

Medical marijuana company Khiron Life Sciences Corp. (TSXV:KHRN) (OTCQX: KHRNF) (Frankfurt: A2JMZC) is opening another Zerenia location in Peru in partnership with the renowned pain clinic, CDL. Khiron In Peru Highlights

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AFP

Germany to start lifting Covid curbs as Omicron passes peak

Frankfurt (AFP) - Germany will start rolling back most of its coronavirus restrictions as the country's falling infection rate suggests the Omicron-fuelled wave has peaked, Chancellor Olaf Scholz said Wednesday after talks with regional leaders.

Benzinga

Agra Ventures To Acquire Cannabis-Focused Tech Platform Twenty One, Reports Strong Revenue

Agra Ventures Ltd. (CSE:AGRA) (Frankfurt:PU31) (OTCPK:AGFAF) announced it has recorded over $318,000 in revenue with an additional $173,000 under signed contract from the sale of dried cannabis flower on a wholesale basis over the two-month period from December 7, 2021 to February 8, 2022.

USA Today Sports Media Group

Why the NFL playing games in Germany makes too much sense for the league

The NFL's upcoming Germany games are a nod to the sport's ambitious past.

AFP

NFL confirms Germany to host regular-season games

Los Angeles (AFP) - The NFL said Munich will become the first host of a regular-season game in Germany in 2022 as part of plans to expand the sport's international reach.

AFP

German probe for suspected 417 km/h Autobahn racer

Frankfurt (AFP) - Car-mad Germany may be known for its speed limit-less Autobahns, but a Czech businessman's suspected 417 kilometre-per-hour (260 mph) drag down a stretch of motorway has run into trouble with local law enforcement.

AFP

ECB chief opens door to 2022 rate hike as inflation soars

Frankfurt (AFP) - European Central Bank chief Christine Lagarde on Thursday left open the possibility of interest rate hikes this year for the first time, as the eurozone comes under pressure from soaring prices.

AFP

ECB sees longer inflation but stands pat on policy

Frankfurt (AFP) - European Central Bank chief Christine Lagarde said Thursday that record inflation would stay high longer than expected, but the ECB stuck to its ultra-loose monetary policy as it sees prices cooling this year.

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