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Today: March 16, 2025
Today: March 16, 2025
Alexander Hübner

Alexander Hübner

Staff Writer

Latest From Alexander Hübner

Business|Economy|Europe|Finance

Allianz-led consortium to close $3.8 billion Viridium takeover next week, sources say

An Allianz-led consortium is close to winning a bid for Germany's largest life insurance administrator Viridium, being sold by financial investor Cinven in a 3.5

Allianz-led consortium to close $3.8 billion Viridium takeover next week, sources say
Business|Economy|Europe|Finance

Deutsche Bank flags auto sector as key risk as Germany pivots to defence

Deutsche Bank on Thursday labelled the auto sector as a key risk, a bleak warning from Germany's largest lender as the nation lines up big

Deutsche Bank flags auto sector as key risk as Germany pivots to defence
Business|Economy|Europe|Finance|Sports|Stock Markets

Puma faces weak U.S. demand, plans job cuts as shares plunge

Puma on Wednesday announced job cuts and warned of uncertain U.S. consumer demand as the German sportswear group's shares slumped 23% in the wake of

Puma faces weak U.S. demand, plans job cuts as shares plunge
Americas|Business|Economy|Environment|Europe|Finance

Munich Re faces $1.3 billion in claims from Los Angeles inferno

By Tom Sims and Alexander Hübner FRANKFURT - Germany's Munich Re expects about 1.2 billion euros ($1.26 billion) in claims resulting from the Los Angeles wildfires, it said on Wednesday, representing

Munich Re faces $1.3 billion in claims from Los Angeles inferno
Business|Economy|Finance

Munich's mountains and tech tempt big banks from Frankfurt

Munich is starting to steal some of German financial hub Frankfurt's limelight as foreign banks flock to the southern city, which on a

Munich's mountains and tech tempt big banks from Frankfurt
Business|Europe|Finance|Stock Markets

Puma aims to boost its brand in 'challenging' market

Puma expects a weak first half of the year in a challenging market, the German sportswear brand said on Tuesday, but its shares rose slightly as it stuck

Puma aims to boost its brand in 'challenging' market
Business|Europe|Finance

Siemens likely to transfer Siemens Energy stake to pension fund, CFO says

Siemens AG will likely transfer its remaining 17.1% stake in Siemens Energy to the group's pension fund to avoid diluting the value of the company's shares via a

Siemens likely to transfer Siemens Energy stake to pension fund, CFO says
Europe|Finance

Germany fines Citigroup over 'fat-finger' failures

Germany has fined Citigroup nearly 13 million euros ($13.94 million) for lapses in its trading system controls, the nation's bank regulator said

Germany fines Citigroup over 'fat-finger' failures
Economy|News|World

Quakes and storms cause $95 billion in insurance losses in 2023 -Munich Re

Earthquakes in Turkey and Syria, storms in the United States and other natural disasters caused an estimated $95 billion in insured losses in 2023,

Quakes and storms cause $95 billion in insurance losses in 2023 -Munich Re
Business|Europe|Finance|Stock Markets

Varta's Porsche-led rescue would leave investors empty-handed

Varta stock plunged as much as 80% to a record low on Monday after the German battery maker said restructuring options to avert insolvency,

Varta's Porsche-led rescue would leave investors empty-handed
Celebrity|Entertainment

Taylor Swift cancellations deal blow to insurers, sources say

Insurers face millions of dollars in claims after a foiled attack forced three Taylor Swift concerts in Austria to be

Business|Economy|Finance|Technology|US

Rheinmetall buys Loc Performance as it looks to expand in US market

Rheinmetall will take over U.S. military vehicle supplier Loc Performance in a $950 million deal, the German defence group said, with

Business|Sports

Rallying-World rally championship promoter explores $550 million sale, sources say

The owners of the World Rally Championship's commercial arm are exploring options including a possible sale of the business, seeking to bring

Business|Economy|Finance

Deutsche Bank settles bulk of Postbank claims, but others hold out

Deutsche Bank has more work to do to overcome its Postbank troubles even after announcing settlements with more than half the plaintiffs who had

Deutsche Bank settles bulk of Postbank claims, but others hold out
Economy|Europe|Finance

Germany's DZ Bank sees more consumers struggling to repay debts

Germany's DZ Bank has turned more pessimistic about the chances of consumers repaying their debts amid rising rents and living costs, and as the

Germany's DZ Bank sees more consumers struggling to repay debts
Business|Europe|Finance

Allianz weighs options for AllianzGI unit, sources say

Allianz is weighing options for its Allianz Global Investors unit, including a possible merger or partial

Allianz weighs options for AllianzGI unit, sources say
Business|Economy|Environment|Europe

Climate change shows 'claws' with rising costs for disasters, Munich Re says

Hurricanes, storms, floods and other natural disasters caused an estimated $140 billion in insured losses in 2024, up from 2023 and one of the

Climate change shows 'claws' with rising costs for disasters, Munich Re says

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