Germanys

Baerbock cautions of potential destabilization in Lebanon amid Germany’s commitment of €60 million in aid

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Baerbock cautions of potential destabilization in Lebanon amid Germany’s commitment of €60 million in aid

Germany has pledged an additional €60 million ($64.7 million) in humanitarian aid to Lebanon, with Foreign Minister Annalena Baerbock warning that the conflict between Israel and Hezbollah could result in the “complete destabilization” of the country. German Chancellor Olaf Scholz announced the support on Wednesday during a phone call with Lebanese caretaker Prime Minister Najib … Read more

Major restructuring leads Germany’s largest lender to report a 42% rise in quarterly profits

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Major restructuring leads Germany’s largest lender to report a 42% rise in quarterly profits

“ Germany’s largest bank, Deutsche Bank, reported a significant increase in third-quarter profits, driven by the resolution of investor lawsuits related to its Postbank division. Net profits reached 1.46 billion euros ($1.58 billion), a 42 percent rise from the previous year. Analysts had predicted a figure of 1.32 billion euros, according to FactSet. The profits … Read more