German Chancellor Angela Merkel on Sunday declared a new chapter in U.S.-European relations after contentious meetings with President Trump last week, saying that Europe "really must take our fate into our own hands."
It was the toughest review yet of Trump’s trip to Europe, which inflamed tensions rather than healing them after the U.S. president sparred with the leaders of Washington’s closest and oldest allies on trade, defense and climate change.
Germany reported a new record trade surplus in 2016, official data showed Thursday, exporting €253 billion more than it imported.
Europe’s biggest economy exported goods worth nearly €1.21 trillion ($1.29 trillion) last year, 1.2% more than in 2015, the Federal Statistical Office said. Imports rose to €954.6 billion, a 0.6% increase.
Both exports and imports broke previous records set in 2015. The statistical office said that Germany’s current account surplus climbed to €266 billion from €252.6 billion.
Deutsche Bank CEO John Cryan on Friday sought to calm staffers about the soundness of the bank, after shares fell to fresh record lows on reports of the departure of approximately 10 hedge fund clients.
"Our bank has become subject to speculation," John Cryan said in a internal letter that outlined the bank’s financial position and urged employees to not allow a "distorted perception" from interrupting its business.
Deutsche Bank falls to lowest level in 24 years on the stock market, weighed down by concerns about the financial soundness of the German bank in view of the mega compensation from $ 14 billion demanded by the US to close the dispute linked to subprime mortgages.
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