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German Supreme Court rules ad blockers are legal

“It found online ad blockers to be legal, and overturned a lower court decision that operating a white list was tantamount to unfair competition” reports venturebeat.com. (Reuters) — Germany’s Supreme Court on Thursday threw out a case brought by Axel Springer seeking to ban a popular application that blocks online advertising, in a landmark ruling that deals a blow to the publishing industry. Source: venturebeat.com Share This:

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PSA union solidarity frays as Opel workers resist cuts

“If only returning to competitive production was as simple as announcing voluntary job cuts – that would be too easy,” a management source said” reports businessinsider.com. The group declined to comment on the job cuts target.Following the breakdown on Opel pay, PSA suspended a plan to invest in production of a new SUV at Eisenach, which IG Metall said would have safeguarded only half of the plant’s 1,800 jobs.PSA aims to eliminate 3,700 jobs under a programme of voluntary departures, with 2,000 candidates already identified, Wolfgang Schaefer-Klug said. Source: businessinsider.com Share…

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Facebook to roll out political ad feature in time for German state vote

“On Friday, a German data privacy regulator said it was opening non-compliance procedures against Facebook in relation to the data leak to the consultancy, Cambridge Analytica, that was exposed a month ago” reports businessinsider.com. “Our work together has become a model for other elections worldwide, and we will continue that cooperation this fall during the state elections in Bavaria.”.  Source: businessinsider.com Share This:

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German neo-Nazis mass for festival on Hitler’s birthday…

“Sascha Elser, spokeswoman of the counter-protest “Rechts Rockt Nicht”, said that, ironically, Polish extremists are expected to flock to the festival, where she said German and eastern European neo-Nazis hope to “strengthen relations”” writes Frank Zeller for yahoo.com. Organisers say they expect some 800 guests at the festival in Ostritz, population 2,300, in a remote region of the ex-communist eastern state of Saxony (AFP Photo/Pawel Sosnowski) Berlin (AFP) – Hundreds of neo-Nazis were expected to congregate Friday, which marks Adolf Hitler’s birthday, for a two-day festival in a small eastern…

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German lawmakers to grill Facebook manager on data privacy

“BERLIN (Reuters) – German lawmakers will question a senior Facebook Inc manager about data privacy in the wake of revelations that the personal information of millions of users wrongly ended up in the hands of political consultancy Cambridge Analytica” writes Midwest Communications Inc for 95kqds.com. The 87 million Facebook users affected included nearly three million Europeans and Zuckerberg is also under pressure from EU lawmakers to come to Europe to shed light on the data breach. Misuse of data by Facebook means it will in future be bound by stricter…

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European utilities retrench as cross-border deals lose appeal

“Now, not much of the cross-border deal euphoria is left” reports businessinsider.com. The spate of cross-border utility takeovers before and just after the 2008 financial crisis came as 10 countries joined the European Union in its biggest enlargement and European power companies saw a chance to become regional power giants. I would have to think very hard to find an answer,” said an M&A banker based in Frankfurt, who has worked on German and European sector deals. Source: businessinsider.com Share This:

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Germany’s ECHO Awards Under Intense Scrutiny After Allowing Rap Duo With Anti-Semitic Lyrics to Win, Perform

“It is a scandal that such lyrics are getting a free ticket under the smokescreen of artistic freedom and the freedom of speech.”” writes Marc Schneider for billboard.com. Florian Drücke reversed the organization’s stance, apologized and promised future reforms, saying “We as a board estimated all wrong and wanted to promote the artistic freedom at the wrong place.The term artistic freedom unfortunately is rather stretchy.Just before the awards, ECHO organizers brushed aside complaints about the group from national Jewish organizations, arguing that the song did not venture too far from the boundaries…

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Lockheed teams up with more German firms on military helicopter bid

“Lockheed, in collaboration with Airbus-owned European missiles group MBDA, Britain’s BAE Systems and Italian group Leonardo , is also negotiating with Germany’s defense ministry on the TLVS missile defense system” reports businessinsider.com. The German defense ministry plans to issue a request for information in the second half of 2018 and award the winning bidder a contract in mid-2020, for deliveries to start in 2023.Lockheed Martin’s logo is seen during Japan Aerospace 2016 air show in Tokyo Thomson Reuters By Andrea Shalal BERLIN (Reuters) – Lockheed Martin Corp’s Sikorsky has partnererd…

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Verdi strikes pay deal for German public sector

“FRANKFURT–Germany’s Verdi labor union and employers agreed Wednesday to a multi-stage pay deal for the roughly 2.3 million workers in the country’s public sector” writes Nina Adam for marketwatch.com. Analysts at UniCredit said they estimate that the deal equates to an average annualized pay increase of 3%, less than the 6% Verdi initially pushed for.Wages in the sector will rise by 7.5% over a period of 30 months, and there will be additional benefits for lower-income groups, according to Verdi. Source: marketwatch.com Share This:

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Germany watchdog investigating Volkswagen shares in run-up to CEO change: report

“The Volkswagen logo is seen on a vehicle at the New York Auto Show in New York Thomson Reuters FRANKFURT (Reuters) – The German financial markets watchdog is investigating trading in Volkswagen shares before the announcement of a new chief executive, a German magazine reported on Tuesday” reports businessinsider.com. “We will take a routine look at the trading of Volkswagen shares for possible indications of insider trading and/or market manipulation,” a spokeswoman for the BaFin watchdog told WirtschaftsWoche magazine.The German carmaker’s shares rose in the days before an official announcement…

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