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German engineers under pressure from China Stefan Bachmeier still recalls the golden times of German machine builders in China. He works for a company called Kaeser Kompressoren, a medium-sized enterprise from Coburg, Germany. The firm has a workforce of 5,000 and specializes in compressed air technology. "I remember the times when you could simply say ʼlook, this is a German machine,ʼ" he said. "Clients would pay, there was little haggling over the price — but those times are gone," adds Bachmeier, who oversees the companyʼs Asia business from Singapore. Although the "Made in Germany" label is still highly valued, itʼs no longer a unique selling point. "The Chinese have become very selfconfident and nationalist at times," Bachmeier told DW, "andtheyʼre very serious about their "Made in China" campaign."
EU takes legal action against Poland to protect judges The European Commission said Wednesday that it had issued a letter of formal notice — the first step in legal action — to Poland over new disciplinary measures that can be taken against judges. Commission Vice President Frans Timmermans said the system of oversight, introduced in 2017, appeared to "systematically subject judges to the political control of the executive." Polish judges who have engaged in public debates or made comments about the reforms have been targeted by disciplinary officers from the governmentappointed National Council of Judiciary, Timmermans said. Judges who asked for rulings from the European Court of Justice had also had investigations launched against them. "All this has an obvious chilling effect on the activities of judges, and this is incompatible with the requirements of judicial independence as detailed by the European Court of Justice," Timmermans said.
78/2019 • 4 APRIL, 2019
Ex-Malaysian PM Najib Razak faces trial over 1MDB scandal The 65-year-old pleaded not guilty to seven charges of corruption and money-laundering
The former prime minister and his associates are accused of pilfering hundreds of millions of dollars from the state sovereign wealth fund 1MDB. Former Malaysian Prime Minister Najib Razak went on trial on Wednesday over the multi-million dollar looting of the state sovereign wealth fund 1MDB. The 65-year-old pleaded not guilty to seven charges of corruption and money-laundering. Attorney General Tommy Thomas said in his opening statement that Najib was in power for nearly a decade: "The accused is not above the law and his prosecution and this trial should serve as precedents for all future holders of this august office," Thomas said. Wednesday’s trial is the first against Najib, who faces 42 separate charges related to the 1MDB scandal. The trial centers on $10.3 million (€9.2 million) reportedly stolen from 1MDB subsidiary SRC International that appeared in Najibʼs bank account. The sum represents only a fraction of the hundreds of millions of dollars the former prime minister and his associates are accused of having pilfered from the investment fund established to boost Malaysia’s economic development. US investigators say $4.5 billion was stolen from 1MDB between 2009 and 2014.
Some $700 million from the fund is alleged to have ended up in Najib’s own bank account. The vast sums of wealth were reportedly laundered through the US financial system andused to buy property, art and luxury items. Many of those involved have been detained and charged in Malaysian courts. However, the suspected kingpin of 1MDB scandal, financier Jho Low, is still at large. Malaysia has alsocharged the US investment banking giant Goldman Sachsand ex-employees with misappropriating billions of dollars in bond proceeds and collecting $600 million in fees. At least six countries have launched corruption and money laundering investigations into 1MDB. Fall from power Public anger over the 1MDB scandalled to Najib’s defeat in 2018ʼs May elections, ending nearly 60 years of rule by the Basiran National coalition. Mahathir Mohamad,who ruled from 1981 to 2003, came out of retirement to spearhead a four-party alliance that once in power reopened investigations into the 1MDB scandal and vowed to retrieve the lost funds.
Germany approves stripping dual national terrorist fighters of citizenship Germans with dual nationality who join foreign terrorist militias will lose their citizenship in the future, the cabinet decided on Wednesday. "Someone who goes abroad and actually participates in combat operations for a terrorist militia shows that they have turned their back on Germany and its basic values and turned to another foreign power in the form of a terrorist militia," the federal government said in a statement. Read more: Revoking citizenship: How it works across the EU The change to the citizenship law will apply only to adults who have a second nationality. Minors are unaffected. It would also not be applied retroactively, which would violate German case law.
Mercedes-Benz Moscovia car plant opened by Altmaier and Putin in Russia German Federal Minister for Economic Affairs and Energy, Peter Altmaier (above right) said on Wednesday that he saw great potential for future cooperation with Russia despite "political differences." "The Russian automotive market continues to be a key market for German car manufacturers. The opening of the first plant of Mercedes-Benz Cars in Russia is a landmark for the commitment of Mercedes-Benz in Russia, but also that of German ventures in Russia overall," Altmaier said. "A successful Russia is also in the interest of a successful Germany," he added.
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