German lawmaker demands strategic review amid chaos over Bitcoin sell-off

April 27, 2023, Berlin: Joana Cotar (independent) speaks at the 100th session of the German … [+] Bundestag. The debate is about the further development of skilled labor immigration. Photo: Jörg Carstensen/dpa Photo by Jörg Carstensen dpa/picture alliance via Getty Images The German government recently stepped up bitcoin sales, transferring approximately $75 million to exchanges … Read more

Outrage after German company acquires Cornish heritage brand

CornwallLive readers are in an uproar after news broke that a Cornish heritage brand has been sold to a German company. Trewithen Dairy, the famous maker of Cornish clotted cream, has been bought by Ehrmann, a prominent German dairy company. Trewithen Dairy on Greymare Farm in the Glynn Valley was founded by the Clarke family … Read more

Bundesbank chief calls for German tax cuts to boost investment

Stay informed with free updates Simply register for the German economy myFT Digest — straight to your inbox. The head of Germany’s central bank has urged the government to cut taxes, cut bureaucracy, boost the workforce and increase the carbon tax to boost the country’s declining attractiveness to investors. According to Joachim Nagel, president of … Read more

Russian billionaire Alisher Usmanov sues UBS over German investigation

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Alisher Usmanov has filed a lawsuit against UBS, accusing the bank of starting a German investigation into the Uzbek-Russian billionaire by submitting “unsubstantiated reports” about his transactions. The tycoon’s lawyers said on Monday that the … Read more

Holidaymakers asked to pay twice for hotels after the collapse of the German travel agency

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s travel email This week a major German travel company, FTI Touristik, collapsed. It was the third largest tour operator in Europe. The company is telling passengers: “All travel arrangements booked through FTI Touristik GmbH with a departure date … Read more

Rising German wage growth casts doubt on the timing of the ECB’s interest rate cuts

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. German wages rose at the fastest pace in almost a decade, signaling a recovery in the broader euro zone and raising doubts about how aggressively the European Central Bank will cut interest rates this year. … Read more