Mercedes-Benz Group AG will recall almost a million vehicles worldwide because of potential problems with the braking system. Affected cars were built between 2004 and 2015 and belong to ML and GL sports utility vehicle series as well as R-Class luxury minivans. A “particularly strong or hard” braking maneuver could cause mechanical damage to the … Read more
FRANKFURT: Yields for 10-year German bonds passed into positive territory on Wednesday for the first time since May 2019, as surging inflation in the eurozone prompted fears of monetary tightening. At 0715 GMT, Bund yields passed zero briefly to touch 0.001 per cent for the first time since the European Central bank launched a stimulus … Read more
FRANKFURT – The new German government approved a 60 billion euro ($68 billion) climate investment plan in a cabinet meeting on Monday, laying the first stone towards achieving its ambitious environmental targets. The agreement was announced by Finance Minister Christian Lindner, who celebrated a “booster” for Europe’s top economy and “the beginning of a climate-neutral … Read more
FRANKFURT – Germany’s new government has pledged to spend big on the economy, climate change and social security — but without raising taxes or taking on more debt, leaving many asking where the money is going to come from. “We have decided that this will be a decade of investments,” future chancellor Olaf Scholz said … Read more
