Latest Germany Headlines
All the headlines from our Germany Topic Page, ordered by recency.
German Insurtech wefox Raises $400M, Increasing Valuation to $4.5B
Jul 12 2022 // Berlin insurtech wefox reports it has closed a Series D funding round of US$400 million and increased its valuation to US$4.5 billion. The round included both equity and debt. Abu Dhabi sovereign investor Mubadala...
Tesla Software Glitch Affects 59,000 Vehicles Globally: German Road Traffic Agency
Jul 6 2022 // FRANKFURT – Germany’s road traffic agency said it was recalling Tesla models Y and 3 because of a fault in the automatic emergency call system that affects 59,000 vehicles globally. The KBA watchdog said on its...
Insured Losses From February’s Windstorms in Europe Could Reach €4.5 Billion: RMS
Mar 2 2022 // Insured losses from February’s windstorms Dudley and Eunice will likely fall between 3.0 and 4.5 billion Euro (US$3.4 and US$5.1 billion), with Germany accounting for around 40% of the total loss, according to risk...
VW Fears Most of Its Cars on Cargo Ship ‘Felicity Ace’ Are Beyond Salvage
Feb 26 2022 // Volkswagen AG has lost hope that many of its roughly 4,000 vehicles aboard a cargo ship that caught fire last week in the Atlantic can be saved. The automaker’s brands and dealers have started notifying customers...
Insured Losses for 2 Recent European Windstorms Estimated at €3B-€5B: Verisk
Feb 25 2022 // Insured losses due to wind from Winter Storms Dudley/Ylenia and Eunice/Zeynep will range between €3 billion and €5 billion (US$2.2 billion-$5.6 billion), the majority of which are expected in Germany, UK, and the...
Global Firms Shut Ukraine Operations, as They Weigh Impact of Sanctions on Russia
Feb 25 2022 // Brewer Carlsberg, Japan Tobacco and a Coca-Cola bottler were among firms shutting factories in Ukraine on Thursday following Russia’s invasion, while UPS and FedEx Corp. suspended services in and out of the...
People Moves: Beazley’s Eaton to Retire at End of 2022; BHSI Promotes Flesch to Head of Marine in Germany; Oneglobal Latin America Taps Generali’s Silva to Lead Regional Team
Feb 23 2022 // This edition of International People Moves details appointments (and a retirement) at Beazley, Berkshire Hathaway Specialty Insurance (BHSI) and Oneglobal Broking. A summary of these announcements follows...
Allianz Sets Aside $4.2B to Handle Probes, Lawsuits After Collapse of Investment Funds
Feb 18 2022 // German insurer and asset manager Allianz ALVG.DE on Thursday said it would set aside 3.7 billion euros ($4.20 billion) to deal with investigations and lawsuits resulting from the collapse of a multi-billion-euro set of...
Storms With Hurricane Gusts Set to Batter NW Europe, Driving Wind Power Generation
Feb 16 2022 // Storms across northwest Europe are set to drive electricity generation from wind farms to records this week in gusty conditions that threaten to disrupt transportation and down power lines. Weather forecasters in the UK,...
Sompo International Opens German Headquarters in Cologne
Feb 15 2022 // Sompo International Holdings Ltd., a global Bermuda-based specialty provider of property/casualty insurance and reinsurance, announced it has moved its German operations from Dusseldorf to its new headquarters located in...
German Fuel Storage Firm Mabanaft Still Unable to Restore Operations After Cyber Attack
Feb 14 2022 // Germany’s Mabanaft GmbH & Co. KG, the fuel storage and distribution company that suffered a cyber attack at the end of January, said its first tests to restore operations weren’t successful, according to a...
Cyber Attack Targeting German Fuel Storage Stretches to 6th Day
Feb 8 2022 // A cyber attack targeting fuel storages in Germany and parts of northern Europe stretched into a sixth day with little visibility over when things will get back to normal. Mabanaft Germany, whose systems were breached,...
Cybercrime Gang Tied to Ransomware Attacks in Germany, Colonial Pipeline Hackers
Feb 4 2022 // A Russia-linked cybercrime gang was allegedly responsible for ransomware attacks that took down a swath of Germany’s fuel-distribution system this week and hindered payments at some filling stations. Hackers using a...
Giant Maersk Container Ship Towed Free After Running Aground in North Sea
Feb 4 2022 // Tug boats have towed free one of the world’s biggest container ships, the Mumbai Maersk, which had run aground off the German island of Wangerooge in the North Sea, Germany’s Central Command for Maritime...
Giant Maersk Container Ship Runs Aground in North Sea
Feb 3 2022 // One of the world’s biggest container ships, the Mumbai Maersk, has run aground off the German island of Wangerooge in the North Sea, Germany’s Central Command for Maritime Emergencies and Maersk said on...
Hackers Target Key Fuel-Distribution Firms in Europe
Feb 3 2022 // Europe’s fuel-supply network fell victim to a cyberattack — less than a year after the biggest refined petroleum pipeline in the U.S. was halted by a hack. The situation was serious “but not grave,”...
Twitter Files Lawsuit Against German Rule for Online Reporting
Feb 1 2022 // Twitter has taken legal action against a rule, coming into force in Germany from Tuesday, that obliges social media firms to block or delete criminal content quickly and report particularly serious criminal offenses to the...
Investors Cannot Sue German Regulator for Wirecard Collapse, Court Rules
Jan 20 2022 // Investors who lost money from investing in Wirecard AG shares can’t make Germany’s financial regulator Bafin compensate them, a Frankfurt court ruled. The tribunal on Wednesday threw out four suits by...
Investors Demand $2.5B in Possible German Class Action Over Bayer’s Monsanto Deal
Jan 3 2022 // Investors are demanding around 2.2 billion euros ($2.5 billion) from Bayer as part of a possible class action lawsuit in Germany over the takeover of U.S. seed manufacturer Monsanto, law firm Tilp said on Monday. The law...
Bayer Faces Billion-Dollar Class Action Suit in Germany Over Monsanto Takeover
Dec 17 2021 // BERLIN – Bayer faces a billion-dollar investor class action lawsuit in Germany over the takeover of U.S. seed manufacturer Monsanto, specialist law firm Tilp Rechtsanwaltsgesellschaft said on Wednesday. Tilp said it was...
