German bank braces for wave of bad loans in ‘greatest real estate crisis since the financial crisis’

Deutsche Pfandbriefbank, or PBB, a German lender focused on real estate, has set aside more money for bad debts as it braces for what it says is the worst decline in commercial property values in 15 years.

PBB increased its provisions for los…[Read more]

Europe’s growth engine is sputtering. Can Germany’s economy be revived?

The world’s fourth-largest economy has got off to a bumpy start this year. A strike by Lufthansa ground crew on Wednesday was just the latest industrial action to cause travel chaos in recent weeks, after train drivers walked off the job in January over a wage dispute and f…[Read more]

German firm BASF to pull out of Xinjiang after Uyghur abuse claims

The German chemicals producer BASF has said it will withdraw from its two joint ventures in Xinjiang, after media reports about alleged human rights abuses relating to its partner company, which BASF’s CEO said crossed a red line.

In a statement on Friday, BASF said that while “…[Read more]

COVID patients again rising in Japan; experts warn of 10th wave

The average number of coronavirus patients among designated hospitals across Japan has been rising for 11 consecutive weeks, health ministry data showed Friday, with experts warning the country has entered its 10th COVID-19 wave.

The average among the roughly 5,000 medical…[Read more]

Japan OKs new foreign trainee program to attract more workers

The Japanese government adopted plans on Friday to scrap its current foreign trainee program, which has been criticized as a cover for importing cheap labor, and replace it with a system it says will actually teach skills and safeguard trainees’ rights as Japan desperately seeks more…[Read more]

41-year-old man arrested for assaulting 2 elementary school boys

Police in Kagoshima have arrested a 41-year-old man on suspicion of assaulting two elementary school boys by punching them in the face and pulling their arms and hair.

The incident occurred at around 5:20 p.m. on Feb 2, local media reported. Police said Kenji Ueno, whose occupation…[Read more]

Data rigging scandals threaten to undermine Toyota’s growth

Behind Toyota Motor Corp’s record earnings announced last Tuesday are its relentless efforts to make its vehicles reliable and operations leaner. A series of data fraud scandals at the auto group have put part of its success formula at risk of collapse.

Data rigging in vehicle…[Read more]

The year the Australian Dream died

At the age of 31, Justin Dowswell never imagined he’d be living in a shared room in his childhood home.

He had a full-time, well-paying job in Sydney, and had rented for a decade before an unprecedented housing crisis forced him to upend his life and move back in with his parents, two hours away.

“It’s…[Read more]

Australia Day: The ‘quiet rebranding’ of a controversial national holiday

On 26 January every year – which marks the 1788 landing of Britain’s First Fleet in Sydney Cove – two competing stories about Australia are told.

One is of nation-building and achievement; the other is of the displacement and dispossession of Aboriginal and Torres Strait…[Read more]

Captain Cook’s statue vandalised in Melbourne on the eve of Australia Day

A century-old Captain James Cook statue has been cut down and a Queen Victoria monument covered in red paint in an apparent protest in Australia.

The late-night vandalism occurred in Melbourne on the eve of Australia Day and is under police investigation.

The holiday on…[Read more]

Macron administration formalises tougher immigration law

The law’s promulgation comes after France’s Constitutional Council censured 35 of its 86 articles, including contentious additions insisted on by the right, such as measures restricting access to social benefits and the introduction of immigration quotas.

While the bill was seen as one of…[Read more]

Climate activists hurl soup at the Mona Lisa at the Louvre Museum in Paris

In a video posted on social media, two women with the words “FOOD RIPOSTE” written on their T-shirts can be seen throwing soup at the glass protecting Leonardo da Vinci’s masterpiece and passing under a security barrier to get closer to the painting.

“What’s the most impo…[Read more]

French govt prepares to head off ‘siege’ of Paris planned by agricultural unions

Interior Minister Gérald Darmanin on Sunday tasked law enforcement officials with putting into place “extensive security measures” to prevent farmers from blocking Paris area airports or its Rungis market and “to prohibit any entry into Paris”.

The leaders of two o…[Read more]

Japan joins others in halting funds for U.N. Palestinian refugee agency

Japan has decided to suspend funding for a U.N. agency that supports Palestinian refugees, joining the United States and others, amid allegations that its staff may have been involved in Hamas’ attack on Israel last year.

Foreign Ministry spokeswoman Maki Kobayashi said in a…[Read more]

Japan preparing to add transport roles to skilled visa amid shortages

Japan is preparing to add four sectors including the transportation industry to its foreign blue-collar skilled worker visa granting up to five years of working rights, government sources said Sunday, amid fears of driver shortages.

The move would bring the eligible industries…[Read more]

Aso praises Kamikawa but says she is ‘not very beautiful,’ and calls her ‘Kamimura’

Liberal Democratic Party Vice President Taro Aso praised Foreign Minister Yoko Kamikawa during a speech Sunday in Ashiya, Fukuoka Prefecture, but mistakenly called her “Kamimura” twice and said he didn’t think she could be called “very beautiful.”…[Read more]

Tea producers in Türkiye address ‘salty tea’ controversy

Tea producers in Türkiye have chimed in on an American chemist’s seemingly outrageous suggestion to put salt while brewing tea which sparked controversy on social media saying, “tea should be drunk in its purest form, without altering the taste.”

“When tea is drunk completely unsweet…[Read more]

Istanbul church attack: Gunmen kill one person during Sunday morning mass

Two gunmen attacked a Catholic church in Istanbul, turning morning mass into a scene of terror and killing one man.

The shooting happened at the Church of Santa Maria during Sunday mass at around 11:40 local time (08:40 GMT).

Turkey’s interior minister later said on X,…[Read more]

US approves sale of F-16 fighter jets to Turkey

The United States has approved the sale of F-16 fighter jets to Turkey after the Turkish parliament this week ratified Sweden’s NATO membership.

The US Department of State notified Congress of the $23bn agreement to sell the warplanes to NATO ally Turkey on Friday night, along with a companion $…[Read more]

How to found a political party in Germany

Any adult citizen in Germany can vote, join a party, stand for election — or found their own party. No permission from the state is necessary, but founders must commit to basic democratic principles.

Foreigners can also establish a party in Germany. However, the majority of the party’s executive c…[Read more]