Germanys map

FRANKFURT: Morgan Stanley is planning to shift around €100 billion (US$121 billion) in assets to Frankfurt from Britain next year as a consequence of Brexit, a person with knowledge of the matter said on Thursday (Dec 10). Frankfurt's banking scene has been one of the primary beneficiaries of Britain's exit from the European Union as many big global banks chose Germany's financial capital to house staff and assets. Dozens of financial institutions have applied for licenses in Germany. The person, who spoke on condition of anonymity to discuss internal planning, said that the volume of assets slated for transfer was a rough estimate and would likely be moved in the first quarter of next year. Britain and the European Union are currently in discussions to hammer out a post-Brexit trade deal. Banks that have increased their presence in Frankfurt include Citigroup, JPMorgan, Standard Chartered and Goldman Sachs . Frankfurt has been dubbed Bankfurt or Mainhattan, after the river … [Read more...] about Morgan Stanley to shift US$120 billion to Germany in post-Brexit move: Source

FRANKFURT, Germany: Germany coach Joachim Loew, under fire after a 6-0 loss to Spain in the Nations League last month, achieved most major goals set in 2019 and has the support of the German Football Association (DFB), national team director Oliver Bierhoff said on Friday (Dec 4). During a virtual news conference after a DFB board meeting, Bierhoff defended the 60-year-old coach, in charge since 2006, and his changes to the team in the past two years. Bierhoff said Germany had reached next year's Euros, were in the highest Pot 1 for Monday's 2022 World Cup qualifying draw and had also stayed in the top section in the Nations League. "These three major targets were met," Bierhoff said, adding that the national team's overhaul had progressed only in small steps due to the fallout from the COVID-19 pandemic, affecting games, training and match scheduling. In a 35-minute speech, using graphs, statistics and other performance data, Bierhoff highlighted what he said were the … [Read more...] about Football: Germany’s Loew has achieved major targets since 2019 says DFB

BERLIN: Germany will extend restrictive measures designed to stem a tide of new COVID-19 infections until Jan 10, Chancellor Angela Merkel said on Wednesday (Dec 2) after talks with German state leaders. The measures, which had been due to expire on Dec 20, include keeping restaurants and hotels shut and limiting private gatherings to five people from two households. "The states will extend their measures from December 20 until January 10," Merkel told a news conference, adding that another round of consultations would be held on Jan 4. "In principle things will remain as they are." While the daily rise in infection numbers has started to fall, Germany reported its highest single-day death toll on Wednesday since the start of the pandemic, and regions that had been spared the worst are seeing case numbers surge. More than 17,000 new cases were reported overnight, and 487 deaths - a new daily record. Markus Soeder, leader of the southern state of Bavaria, said the high … [Read more...] about Germany to extend COVID-19 restrictions until Jan 10: Merkel

BERLIN: Germany is planning to extend restrictions on restaurants and hotels until Jan 10, sources familiar with discussions between the federal government and 16 states said on Wednesday (Dec 2). Chancellor Angela Merkel is holding talks with regional governors on whether coronavirus lockdown measures introduced last month are enough to turn the tide. While the daily rise in infection numbers has started to fall, Germany reported its highest single-day death toll since the start of the pandemic on Wednesday and regions that had been spared the worst of the virus are seeing case numbers surge. Citing this reality, one state leader vowed to push for stricter measures at the talks with Merkel. Sources familiar with the talks said Merkel and state leaders could decide on extending restrictions for restaurants and hotels in mid-December. READ: Germany's COVID-19 restrictions likely to continue in January: Merkel READ: Germans should brace for 4 to 5 months of severe … [Read more...] about Germany to keep restaurants, hotels closed until Jan 10: Sources

BERLIN: Germany will probably have to stick with measures to dampen the coronavirus pandemic into January, Chancellor Angela Merkel said on Thursday (Nov 26), while her chief of staff suggested that restrictions might be needed until March. "Given the high number of infections, we assume that the restrictions which are in place before Christmas will continue to be valid until the start of January, certainly for most parts of Germany," Merkel told parliament. Merkel agreed with leaders of Germany's 16 federal states late on Wednesday to extend and tighten the coronavirus lockdown until Dec 20, but ease rules over the Christmas holidays to let families and friends celebrate together. READ: Germans should brace for 4 to 5 months of severe COVID-19 measures: Minister Merkel said the increase in coronavirus cases was still much too high and the number of deaths a reason for concern. The number of confirmed coronavirus cases in Germany increased by 22,268 to 983,588, data from … [Read more...] about Germany’s COVID-19 restrictions likely to continue in January: Merkel