Deutsche bank plans massive cost reduction

Deutsche Bank has doubts about its own profit target for the medium term. On its investor day, the bank called its profit target "ambitious" and pointed to the pressure of low interest rates on profitability.

Paralysis of the WTO looms as judges dismissed

The functioning of the World Trade Organization (WTO) is about to get stuck. The United States has blocked appointments of new members to the WTO's highest dispute council over the past two years. Now that the term of two of the three…

German export increased considerably

Germany's goods exports rose sharply in October, while economists had expected a slight decline. According to the German Federal Statistical Office, exports increased by 1.2 percent in October to an amount of € 119.5 billion, compared to…