Deutsche Bank buys Sal. Oppenheim for €1 billion
Germany

Deutsche Bank buys Sal. Oppenheim for €1 billion

Germany's Deutsche Bank on Wednesday announced it had struck a deal to buy Sal. Oppenheim, a Luxembourg-based private banking group, for €1.0 billion ($1.5 billion).

How Aussie dad beat Swedish police to find kidnapped sons
Sweden

How Aussie dad beat Swedish police to find kidnapped sons

When Australian George Pesor's children were abducted by their mother on a visit to Sweden, police searched for six months without success. But when Pesor flew to Sweden and took matters into his own hands, he solved the case in just a week.

Lufthansa nosedives into the red
Germany

Lufthansa nosedives into the red

Germany's top airline Lufthansa plunged to a nine-month loss and warned of "very considerable risks" ahead on Wednesday as it worked to integrate Austrian Airlines and British Midland into its business.

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Sweden

‘Dyslexia and anorexia aren’t real’: educator

A school principal from southern Sweden has infuriated health workers and disabilities rights advocates after claiming in a newspaper article that dyslexia and anorexia are made-up diseases.

Broadcast group ProSiebenSat.1 planning paid TV options
Germany

Broadcast group ProSiebenSat.1 planning paid TV options

Heavily indebted private German broadcaster ProSiebenSat.1 wants to move into paid TV channels to help increase revenues, financial daily Handelsblatt reported on Wednesday.

Merkel’s stealth reform agenda
Germany

Merkel’s stealth reform agenda

Chancellor Angela Merkel’s new centre-right coalition of conservative Christian Democrats and pro-business Free Democrats wants to avoid being stigmatised as a callous, neoliberal reform project. But Zeit Online’s Katharina Schuler argues the government has already set Germany on the path for dramatic change.

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Germany

Angela Merkel: ‘Madame Non’ or world’s most powerful woman?

German Chancellor Angela Merkel, who was formally re-elected to a new term Wednesday, has topped Forbes magazine's list of the world's most powerful women four years running, and just grew stronger.

Three dead in Stockholm apartment fire
Sweden

Three dead in Stockholm apartment fire

Three people were found dead on Wednesday morning after a fire broke out in an apartment in Farsta in south Stockholm.

Activists dump tonnes of coal in Vattenfall protest
Sweden

Activists dump tonnes of coal in Vattenfall protest

Activists from Greenpeace dumped 18 tonnes of German coal in front of Sweden’s government offices in Stockholm on Wednesday as a protest against Swedish state-owned coal plants abroad.

‘Veil martyr’ trial delayed by defendant tantrum
Germany

‘Veil martyr’ trial delayed by defendant tantrum

The man on trial for murdering Marwa El-Sherbini, a pregnant Egyptian woman who died in a Dresden courtroom, delayed the third day of legal proceedings against him on Wednesday by intentionally banging his head on a table.

Former Nazi SS hit man goes on trial in Aachen
Germany

Former Nazi SS hit man goes on trial in Aachen

One of Germany’s last Nazi war crime trials began on Wednesday in Aachen against 88-year-old Heinrich Boere, a Dutch-born former SS hit man accused of killing three of his countrymen.

Ford picks China’s Geely to bid for Volvo Cars
Sweden

Ford picks China’s Geely to bid for Volvo Cars

Chinese automaker Geely is the only remaining bidder for the purchase Volvo Cars, the Swedish carmaker's US-based owner Ford announced on Wednesday.

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Sweden

Quarterly earnings on target for TeliaSonera

Telecoms operator TeliaSonera announced solid quarterly results on Wednesday, hitting targets for the year despite difficult conditions in the Baltics.

Merkel embarks on second term
Germany

Merkel embarks on second term

German Chancellor Angela Merkel formally embarked on a second term on Wednesday, leading a new centre-right coalition that has pledged to make Europe's biggest economy emerge stronger from the global financial crisis.

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Sweden

Handelsbanken beats forecasts despite profit dip

Sweden’s Handelsbanken on Wednesday announced lower quarterly profits which nevertheless beat forecasts on the back of a jump in earnings from basic lending operations.

Protestants pick first woman to lead church
Germany

Protestants pick first woman to lead church

Hannover Bishop Margot Käßmann became the first woman to lead the Protestant church in Germany on Wednesday after the majority of the synod voted in her favour.

Nordea surprises market with strong report
Sweden

Nordea surprises market with strong report

Nordic banking giant Nordea has reported third quarter profits that far exceeded market expectations, defying predictions of a massive fall in earnings.

Ministries outsourced laws 60 times since 2000
Germany

Ministries outsourced laws 60 times since 2000

Germany's federal ministries have consulted external companies for drafting laws some 60 times since 2000, daily Saarbrücker Zeitung reported on Wednesday.

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Sweden

Man forced to re-apply for asylum after boarding wrong train

A mistake which put an Iraqi asylum seeker on the wrong train in Malmö in southern Sweden has forced him to start the asylum process all over again.

One ninth of German workforce made redundant during crisis
Germany

One ninth of German workforce made redundant during crisis

Since the global financial crisis began a year ago, one out of every nine Germans have lost their jobs, according to a trade union study cited by daily Rheinische Post on Wednesday.

U2 to mark Wall anniversary with free concert in Berlin
Germany

U2 to mark Wall anniversary with free concert in Berlin

Superstars U2 announced Wednesday they will perform a free concert at Germany's Brandenburg Gate to mark the 20th anniversary of the fall of the Berlin Wall.

New suitors sought for Pirate Bay booty
Sweden

New suitors sought for Pirate Bay booty

A new attempt to sell the popular file sharing site The Pirate Bay is underway, as the site’s owners are reportedly discussing bids with four potential buyers.

Stuttgart coach on thin ice after defeat
Germany

Stuttgart coach on thin ice after defeat

VfB Stuttgart coach Markus Babbel's position is on thin ice after the Bundesliga club suffered a 1-0 shock defeat on Tuesday in the third round of the German Cup at second division Greuther Fürth.

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Sweden

One million Swedes have had swine flu vaccine

Around one million Swedes have been vaccinated for the swine flu, according to the country’s public health authorities.