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The Latest Breaking News from Olaf Scholz

EU, Germany reach deal on fossil fuel car phaseout plan

Brussels (AFP) - The European Union and Germany on Saturday said they had struck a deal after a dispute over the planned phaseout by 2035 of the sale of cars using fossil fuels.

AFP

Deutsche Bank scare forces Germany's chancellor to urge investors not to panic

Deutsche shares fell as much as 15% in trading on Friday, prompting concerns it might be the next domino to fall after failed lender Credit Suisse.

Fortune

Four Banks Collapsed. Worries About Two Others Persist. Will They Fall?

Pressure mounts on First Republic Bank, while in Europe, worries surrounding Deutsche Bank are new signals of the banking crisis.

The Street

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Germany faces EU backlash over U-turn on phasing out combustion engine

Row a further signal of tensions over the green deal landmark proposals to tackle climate crisis

The Guardian - UK

Deutsche Bank is no Credit Suisse, despite investors’ fears

German lender’s shares were hit by general loss of confidence, not by any specific failings

The Guardian - UK

EU leaders insist eurozone banking sector stable

Brussels (AFP) - EU leaders and the head of the European Central Bank scrambled on Friday to reassure the markets that the eurozone banking sector is resilient and able to withstand shocks, after European bank shares plunged.

AFP

France-Germany row overshadows EU leaders summit

Tensions between France and Germany driven by differences over nuclear energy and combustion engines cast a shadow over a meeting of the 27 European Union leaders Thursday.

Radio France Internationale

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France-Germany row overshadows EU leaders' summit

Brussels (AFP) - Tensions between France and Germany driven by differences over nuclear energy and combustion engines cast a shadow over a meeting of the 27 European Union leaders Thursday.

AFP

France-Germany tensions overshadow EU leaders' summit

Brussels (AFP) - A burgeoning row between France and Germany fired by differences over nuclear energy and combustion engines threatened to spill over into a gathering of the 27 European Union leaders Thursday.

AFP

France and Germany Tensions Loom over EU Leaders' Summit in Brussels

A burgeoning row between France and Germany fired by differences over nuclear energy and combustion engines threatens to spill over into a gathering of the 27 European Union leaders on Thursday. A row erupted between two of the European Union's biggest economies after Berlin upset some of its partners, notably…

Asharq Al-Awsat

France-Germany tensions loom over EU leaders' summit

Brussels (AFP) - A burgeoning row between France and Germany fired by differences over nuclear energy and combustion engines threatens to spill over into a gathering of the 27 European Union leaders on Thursday.

AFP

Germany to relax rules around giving double-barrelled names to children

The country’s current laws are strict when it comes to naming a child

The Independent UK

Taiwan visit China called 'vile' is a 'normal work trip', German minister says

Germany's education minister said on Wednesday that she was on a "normal work trip" to Taiwan to seek collaboration with partners that share similar challenges, a visit China has condemned as "vile".

Reuters

China protests 'vile' Taiwan visit by German minister

Beijing expressed its anger at a visit by Germany's education minister to Taiwan on Tuesday, describing it as "vile", while a source at Berlin's foreign office responded by saying the trip did not deviate from Germany's "one China" policy.

Reuters

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Daily Mirror

Banking turmoil questions answered: What it means for you, your mortgage and your pension

Financial authorities are now trying to prevent problems spreading throughout the global banking system and a repeat of the disastrous financial meltdown of 2008

AFP

Boosted by Ukraine war, German arms maker joins DAX index

Frankfurt (Germany) (AFP) - German arms manufacturer Rheinmetall joined Frankfurt's blue-chip DAX index Monday, highlighting the improving fortunes of the country's weapons industry as the Ukraine war spurs demand.

AFP

Japan, Germany pledge closer ties as Scholz visits Tokyo

Tokyo (AFP) - Japan and Germany pledged closer defence ties and cooperation on diversifying supply chains as Chancellor Olaf Scholz and Prime Minister Fumio Kishida met in Tokyo Saturday.

Asharq Al-Awsat

Germany, Japan Seek Cooperation on Economic Security amid Supply Chain Strains

Germany and Japan agreed to cooperate closely on economic security on Saturday during their first ever high-ministerial government consultations, held amid tensions over global supply chains and economic disruptions caused by the war in Ukraine. German Chancellor Olaf Scholz, accompanied to Japan by six ministers, is looking at ways to…

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The Independent UK

Scholtz visits Japan to firm up economic, defense ties

German Chancellor Olaf Scholz and Japanese Prime Minister Fumio Kishida are holding the first round of government consultations in Tokyo as they seek to strengthen economic and defense ties

Reuters

Germany, Japan seek cooperation on economic security amid supply chain strains

AFP

Netanyahu defiant on legal reform as Scholz urges compromise

Berlin (AFP) - Israeli Prime Minister Benjamin Netanyahu on Thursday fiercely defended disputed legal reforms on a visit to Berlin, where German Chancellor Olaf Scholz urged him to reconsider a compromise.

Al Jazeera

German minister heading to Taiwan, first such visit in 26 years

A government spokesperson says the visit will focus on semiconductors and not the island’s sovereignty.

Asharq Al-Awsat

Berlin Calls for Resolving Differences Over Iran’s Nuclear File

German Chancellor Olaf Scholz on Thursday called for resolving differences over the Iranian nuclear efforts and expressed his concern about the “real danger” posed by Tehran's program. Speaking alongside Prime Minister Benjamin Netanyahu after talks in Berlin, Scholz said Germany and other countries are working to prevent Tehran from obtaining…

Asharq Al-Awsat

Netanyahu in Germany Amid Tensions at Home, Iran Worries

Israeli Prime Minister Benjamin Netanyahu is meeting Germany's leaders Thursday on an abbreviated visit that comes in the shadow of tensions over his government's planned overhaul of Israel's judicial system and worries about Iran’s nuclear program. Netanyahu has meetings scheduled with Chancellor Olaf Scholz and Germany's largely ceremonial president, Frank-Walter…

France 24

Poland to be first NATO member to send fighter jets to Ukraine

Polish President Andrzej Duda on Thursday said Warsaw would deliver an initial batch of four MiG-29 fighter jets to Ukraine, in what would be the first such shipment by a NATO member. Ukraine has repeatedly asked its Western allies to send warplanes – although seeking primarily modern US-made F-16s –…

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