The delegation will meet a local judge and might seek to question individuals over the wealth of Salameh and his entourage as other European countries have done, the official added.

European Central Bank president Christine Lagarde said that a closely watched measure of eurozone inflation does not appear to have peaked yet, fueling expectations of further interest rate hikes. She told a hearing of the European parliament that the latest data suggests "indicators of underlying inflationary pressures remain high.

Strong backing for President Recep Tayyip Erdogan among Turks in Germany in last weekend's historic election has sparked renewed soul-searching about whether Berlin's attempts to integrate the minority are failing. There were scenes of jubilation in some German cities after Erdogan extended his two-decade rule in Sunday's runoff vote, with...

ABU DHABI, UAE -  A senior UAE official of the Ministry of Energy and Infrastructure (MoEI) visited Germany and the Netherlands to reinforce existing partnerships and discuss common goals, energy transition, technology deployment and potential projects. Sharif Al Olama, Under-Secretary for Energy and Petroleum Affairs MoEI visited Germany and the...

BERLIN, GERMANY -  The European Central Bank (ECB) has fined US financial giant Goldman Sachs US$7.2 million (6.63 million euros) for misreporting its capital needs, it said on Monday. Goldman Sachs Bank Europe was found to have "breached credit risk reporting rules" in 2019, 2020 and 2021, the ECB said in...

In March 2022, France, Germany and Luxembourg seized assets worth 120 million euros ($130 million) in a move linked to a French probe into Riad Salameh's wealth. This year, European investigators have questioned Salameh in Beirut, also hearing from a Lebanese minister, Salameh's brother Raja, and central bank audit firms.

In a visit to various European capitals to hold consultations with his allies, Zelensky dined with French President Emmanuel Macron at the Elysee Palace on Sunday night and held discussions that included building up Ukraine's arsenal. The leaders reviewed the military situation and the need for an ad hoc tribunal...

The continent has been racing to produce more electric vehicles as part of its green transition, with the clock ticking down on an EU deadline of 2035 to phase out the sale of cars using fossil fuels. A flurry of new battery plant projects are in the pipeline in Europe,...

Firm said the profit was driven by higher prices for policies.

The foreign ministers of Egypt, France, Germany and Jordan called for an end to the violence between Israel and Gaza militants, who have been trading heavy fire for three days. The four ministers said later in a joint statement that they were "deeply alarmed" by the escalation.

The firm says sales declined in Europe and China.

Sales revenue rose 22% from January to March.

The group's first quarter loss dipped to $515m from $644m a year ago.

FRANKFURT, GERMANY -  Eurozone banks tightened lending criteria in the first quarter at their fastest pace since the 2011 sovereign debt crisis, while demand for loans fell heavily, according to a European Central Bank survey released Tuesday. The results highlight the impact of aggressive monetary tightening combined with recent banking sector...

Consumer prices edged up from 6.9 percent in March, which could further encourage the European Central Bank (ECB) to raise interest rates on Thursday. Analysts for FactSet and Bloomberg had predicted the rate would remain stable. The ECB has hiked rates repeatedly since July last year to rein in inflation.

Al Jaber's call marked a public endorsement of a target laid out by the International Energy Agency. Last month at a closed-door meeting with G7 leaders in Japan, he had also raised the target. At the same time, he did not call for a complete end to the use of...

Tehran, Iran--Iran and the European Union traded $847 million worth of goods during the first two months of 2023, registering a 9.2% fall compared with the same period of the year before. Data released by Eurostat show Germany was the top trading partner of Iran in the EU region during...

Germany, the EU's biggest economy, saw growth stagnate at zero percent over the previous quarter. Year-on-year, Germany was the only country in the single-currency zone to record a contraction, of 0.1 percent.

The German automaker said its revenues were up 8%.

The country increased its military spending by 16 percent to reach an estimated $75 billion, surpassing the United Kingdom, Germany, and France.

"German business's worries are abating, but the economy is still lacking dynamism," said Ifo president Clemens Fuest.

The launch chatbot ChatGPT by the US firm OpenAI last year has resulted in an explosion of interest in uses of Artificial Intelligence across many sectors.

The deal comes after several weeks of stalemate and repeated strikes among postal, transport and health workers demanding more money to cope with the rising cost of living. Under the agreement, some 2.5 million public sector workers will see their wages increase by 5.5 percent or at least 340 euros...

MOSCOW, RUSSIA - The Russian foreign ministry spokeswoman on Saturday announced the expulsion of "more than 20" German diplomats as a retaliatory measure for "mass expulsion" of Russian embassy staff from Berlin. Maria Zakharova told state-run television Zvezda that Moscow had decided to expel "more than 20" diplomats. Her statement came...

Cyrus de la Rubia, chief economist at Hamburg Commercial Bank (HCOB), said the indices for the eurozone showed "a very friendly overall picture of an economy that continues to recover" but warned "a closer look reveals that growth is very unevenly distributed". Inflation fell to 6.9 percent on an annual...

FRANKFURT, GERMANY - More eurozone interest rate increases will be appropriate to tame high inflation if conditions remain as expected, the European Central Bank's chief economist said Wednesday. The ECB has hiked rates by 3.5 percentage points since July last year in an unprecedented campaign of monetary tightening to bring soaring...

The new venture will be launched in 2024.

The most powerful nuclear reactor in Europe, with a capacity of generating 1,600 megawatts, Olkiluoto 3 reached full power in late September for the first time since construction began in 2005.

BERLIN, GERMANY - Germany will switch off its last three nuclear reactors on Saturday, exiting atomic power even as it seeks to wean itself off fossil fuels and manage an energy crisis caused by the war in Ukraine. While many Western countries are upping their investments in atomic energy to reduce...

The world's leading developed economies are all targeting net-zero emissions by 2050 or sooner after signing the Paris Agreement to cap global warming at well under two degrees Celsius. But they differ on how to respond to the energy squeeze caused by Russia's war in Ukraine, with host Japan among...

Berlin, Germany--Inflation in Germany eased to 7.4 percent in March, mainly thanks to government measures to bring down energy prices, final figures showed on Thursday. The data from federal statistics agency Destatis confirm a downward trend since annual inflation peaked at 10.4 percent in Europe's biggest economy in October -- revised...

Products like the hugely successful iPhone meant Apple presided over a "wide-ranging digital ecosystem which is of great importance to competition" in Germany and worldwide, Federal Cartel Office chief Andreas Mundt said in a statement.

LSG Group is to be sold to private equity group Aurelius.

A total of 3049 new companies joined DMCC in 2022.

Women earn on average nearly 13 percent less per hour than men for the same work in the 27-nation European Union, according to official data for 2020. Under the new rules, workers can demand to know individual and average pay levels, broken down by gender, in their workplace.

Petrofact and Hitachi Energy secured a $14.1bn energy deal.

Berlin, Germany - Germany's anti-cartel watchdog said Tuesday it was examining if it needed to place US giant Microsoft under close watch for any possible abuse. The Federal Cartel Office said it was taking a first step to see if Microsoft is of "paramount significance across markets". If this is found...

Brussels, Belgium - The 27 EU member states approved Monday a deal between Brussels and Germany that lifted Berlin's block on a planned phaseout of sales of new fossil fuel cars by 2035. A spokesman for Sweden, which holds the EU presidency, said ambassadors backed the agreement. Energy ministers are expected...

BRUSSELS, BELGIUM - Economic growth in the eurozone accelerated in March and hit a 10-month high, according to a closely watched survey published on Friday, despite turmoil in the markets and concerns over banks. The S&P Global Flash Eurozone purchasing managers' index (PMI) showed the indicator at 54.1, up from 52.0...

FRANKFURT, GERMANY -  The European financial system is "resilient" and has sufficient liquidity, the European Central Bank said Monday, as banking shares plunged following the announcement that UBS would take over troubled rival Credit Suisse. "The European banking sector is resilient, with robust levels of capital and liquidity," the ECB said...

Salameh had been summoned to appear at Beirut's justice palace on Wednesday morning but objected to the session and instead sent a legal representative, the judicial official told AFP on condition of anonymity as they are not authorized to speak to the media.

The bank has lost 81% of its value since Greensill bankruptcy.

The price drop is seen as a direct response to cuts by Tesla.

LONDON, UK-  Six European countries on Saturday called on Israel to stop expanding its settlements in  Palestine's West Bank. Britain, France, Germany, Italy, Spain and Poland have also jointly condemned the recent attack on Israeli citizens by Palestinian groups. In a joint statement, they said, "We urge the Israeli government...

Firm booked profit despite supply chain disruptions.

FRANKFURT, GERMANY - More interest rate increases may be needed beyond the one coming later this month, European Central Bank president Christine Lagarde said Thursday, as inflation in the eurozone remains stubbornly high. "At this point in time, it's possible that we continue on that path," Lagarde told Spain's Antena 3...

The profit in 2021 was 1 billion euros, the company said.

TEHRAN, IRAN - A Tehran court Tuesday sentenced to death an Iranian-German dual national accused of being the leader of a "terrorist" group behind a deadly 2008 mosque bombing, the judiciary said. "The Tehran Revolutionary Court sentenced Jamshid Sharmahd, the leader of the Tondar terrorist group, to death on the...

Munich, Germany--Kuwait Foreign Minister Sheikh Salem Abdullah Al-Jaber Al-Sabah met High Representative of the European Union for Foreign Affairs and Security Policy Josep Borrell on the sidelines of the 59th Munich Security Conference. During the meeting, Sheikh Salem explained the stance of Kuwait on the issue of Schengen visa waiver...

Abu Dhabi, UAE-- ADNOC and RWE Aktiengesellschaft (RWE) Wednesday announced the successful delivery of the first shipment of Liquefied Natural Gas (LNG) from Abu Dhabi in the UAE to the Elbehafen floating LNG terminal in Brunsbüttel, Germany. Produced by ADNOC Gas at Das Island, Abu Dhabi, the shipment of 137,000...