title

Page 1

DAILY NEWS IN ENGLISH

Germany to tighten development aid conditions for Africa Germany is out to tighten up its aid conditions for developing countries, in an attempt to combat corruption, safeguard human rights, and stimulate the creation of democratic structures. In a new strategy paper released ahead of theG20ʼs Compact with Africasummit in Berlin next week, the German Development Ministry outlined plans to reduce the number of partner countries and better control how aid money is spent. These socalled "reform partnerships," which Germany already has with Ivory Coast, Ghana, and Tunisia, would involve the target countries also increasing their own development contributions. According to the strategy paper, entitled "Entwicklungspolitik 2030" ("development policy 2030"), "an important element of this is the creation of domestic finance and tax administrations, accounting offices, and institutions to combat corruption."

Thousands protest German coal phase-out IG BCE President Michael Vassiliadis has been a member of the coal commission since the summer. He called for a more respectful approach toward mine workers, akin to the attitude shown environmentalists campaigningto save the ancient Hambach forest. "The actions of forest conservationists are given maximum understanding," Vassiliadis told the Frankfurter Allge‐ meine Zeitung. "But employeesʼ concerns are often ignored." "In Germany there are about 100,000 jobs dependent on coal-fired power generation," Vassiliadis said. About 20,000 people are directly employed in the brown coal industry in Germany, according to Germanyʼs Federal Association for Brown Coal.

243/2018 • 25 OCTOBER, 2018

Suspected explosives sent to Obama and Clinton homes in mail Officials are investigating items sent to the homes of former Presidents

Officials are investigating items sent to the homes of former Presidents Bill Clinton and Barack Obama. The US Secret Service described both items, intercepted in the mail, as "suspicious packages."

Deutsche Bank earnings down, but fullyear profit in sight Germanyʼs largest lender has reported a hefty drop in net profit for the third quarter amid a continued restructuring drive. Deutsche said it was aiming to return to profitability this year for the first time since 2014. Net profit at Germanyʼs biggest lender tumbled 65 percent year on year between July and September, Deutsche Bank said in its third-quarter earnings report Wednesday. Bottom-line income amounted to €229 million ($262.7 million), down from €649 million a year ago,but still beat expectations voiced by analysts in a Reuters

poll. Revenues shrank by 9 percent to €6.2 billion. Mindful of past years when it was described as a threat to European and global financial stability, the lender highlighted a so-called CET1 capital ratio — measuring its buffer to absorb potential losses — of 14 percent, slightly higher than the previous quarter. Deutsche Bank is still reeling from the aftermath of the global financial crisis and the debt crisis that hit the 19-member eurozone. On top of that, the lenderhas been confronted with multibillion-dollar fines for its involvement in several financial scandals.

The Swarm: Eco-thriller becomes English language series Germanyʼs ZDF Television has announced plans for a filming in English of the 2004 novel by the popular Cologne-based author. As the 61-yearold author told Germanyʼs RND editorial network, the international cast will presumably include German, Norwegian, Swedish, Italian and British actors. With an eye on an international market, public television station

ZDF plans to pick up on the success of the hit TV crime novel series "Babylon Berlin" produced by competitor ARD. "Itʼs the ZDFʼs answer to ʼBabylon Berlinʼ," Schätzing said. With filming to begin next year, Schätzing will have a hand in writing the scripts. Frank Doelger, executive producer of seasons two to five of the HBO fantasy series "Game of Thrones," has signed on as producer.

Khashoggi: Saudi crown prince calls murder ʼheinous crime,ʼ pledges justice Saudi Arabian Crown Prince Mohammed bin Salman promised on Wednesday to work with Turkey to bring those responsiblefor the murder of Saudi dissident journalist Jamal Khashoggito "justice." "Those behind this crime will be held accountable," he said during a speechto business leaders at the Future Investment Initiative forum in Riyadh. Khashoggiʼs death, he added, was a "heinous crime." Prevarication, Saudi style He said Riyadhʼs adversaries have been exploiting the incident to "drive a wedge between Saudi Arabia and Turkey." The journalist, who had repeatedly criticized the crown prince before his death, went missing at the beginning of October after entering the Saudi consulate in Istanbul. Turkey accused the Saudi government of murdering and dismembering Khashoggi in the consulate. Riyadh said the journalist had died during a fight after initially claiming he had left the consulate building alive.

EU Parliament votes for ban on single-use plastic The European Parliament on Wednesday approved measures which could lead to a ban on single-use plastic items, including straws, cotton swabs and disposable plastic plates and cutlery, by 2021. The parliament backed the proposals with a 571-53 majority. In May, the EU Commission proposed EU-wide rulesto target the top 10 single-use plastic items that litter Europeʼs beaches or are found in its seas, as well as lost and abandoned fishing gear.

weather today BUDAPEST

8 / 13 °C Precipitation: 3 mm


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
title by Business Publishing Services Kft. - Issuu