Berlin metro to complete change of derogatory station name by year-end

BERLIN – Berlin’s public transport company BVG said on Saturday that completing the renaming of a city centre metro station with a name based on a derogatory word for Black people will take until the end of the year. “Mohrenstrasse” metro station literally means Moor Street, using the medieval term for people from North Africa. It will be renamed after another nearby street, Glinkastrasse, named after 19th century Russian composer Mikhail Ivanovich Glinka. BVG said…

"Berlin metro to complete change of derogatory station name by year-end"

Wirecard ex-COO Marsalek’s entry into Philippines was faked, minister says

MANILA – Immigration records showing Wirecard’s former chief operating officer Jan Marsalek arrived in the Philippines on June 23 and departed for China the next day were falsified, Philippines Justice Secretary Menardo Guevarra said on Saturday. Guevarra said the immigration officers who inputted the fictitious entries have been relieved of their duties and face administrative sanctions. “The investigation has now turned to persons who made the false entries in the database, their motives and their…

"Wirecard ex-COO Marsalek’s entry into Philippines was faked, minister says"

Commerzbank chairman and CEO bow out to give lender a fresh start

FRANKFURT – Commerzbank’s chairman and chief executive stepped down on Friday, bowing to demands from top shareholder Cerberus that the German lender change its strategy to stop a downward spiral in its financial performance. The resignations of chief executive Martin Zielke and supervisory board chairman Stefan Schmittmann cap weeks of drama after the U.S. private equity firm last month attacked Commerzbank’s management for failing to do enough to stop the decline. The 150-year-old lender has…

"Commerzbank chairman and CEO bow out to give lender a fresh start"

Berlin drops derogatory name for metro station after protests

BERLIN – Berlin’s public transport company BVG said it would rename a city centre metro station that has become notorious for bearing a name based on a derogatory word for Black people. The announcement comes amid a worldwide reckoning with buried legacies of racism and colonial crimes underpinning many western societies that was sparked by the death in the United States of George Floyd, a Black man, at the hands of a police officer. Berlin’s…

"Berlin drops derogatory name for metro station after protests"

Scaled-down Czech film festival opens in empty auditorium

PRAGUE – A Czech film festival disrupted by the COVID-19 pandemic unveiled a scaled-down programme of movies on Friday with an opening ceremony in an empty auditorium and a star-free red carpet. The Karlovy Vary International Film Festival, central and eastern Europe’s leading movie extravaganza, announced in April it was cancelling its main events as the novel coronavirus shuttered cinemas and mass gatherings. Restrictions have since eased, allowing the festival’s president, actor Jiri Bartoska, to…

"Scaled-down Czech film festival opens in empty auditorium"

Hamilton makes a statement as F1 gets back on track

SPIELBERG, Austria – Formula One got back on track in changed circumstances but familiar fashion at the season-opening Austrian Grand Prix on Friday, with Mercedes and six-times world champion Lewis Hamilton picking up where they left off last year. The Briton and team mate Valtteri Bottas responded to the ‘new normal’ resulting from the COVID-19 pandemic by finishing one-two in both free practice sessions on the latest start to a campaign. Hamilton, wearing a ‘Black…

"Hamilton makes a statement as F1 gets back on track"

French finance minister urges Daimler to reconsider plan to sell Hambach site

PARIS – French Finance Minister Bruno Le Maire urged German carmaker Daimler on Friday to reconsider plans to sell its factory in Hambach, France. The carmaker said earlier on Friday it would seek to sell the factory where it produces electric and combustion-engined variants of its two-seater Smart vehicles, as part of an overhaul of its production system. “Daimler must keep all options open, including keeping the site,” Le Maire said.

"French finance minister urges Daimler to reconsider plan to sell Hambach site"

Turkish court convicts four rights activists on terrorism-related charges

ISTANBUL – A Turkish court on Friday sentenced a former local head of Amnesty International to more than six years in jail and convicted three other activists on terrorism-related charges for holding a meeting about digital security, the rights group said. Amnesty Turkey said on Twitter that seven other defendants, detained three years ago during a crackdown following an attempted coup in July 2016, were acquitted in a case which fuelled concern over Ankara’s human…

"Turkish court convicts four rights activists on terrorism-related charges"

Major Qiagen shareholder demands higher bid from Thermo Fisher – source

ZURICH – The coronavirus pandemic has boosted Qiagen’s prospects and a takeover by Thermo Fisher no longer makes sense unless the offer is increased substantially, one of the German genetic test maker’s top ten shareholders told on Friday. Thermo Fisher agreed in early March to buy Qiagen for $11.5 billion as the U.S.-based company looks to bolster its health diagnostic business. Qiagen has seen high demand for products related to coronavirus testing and began shipping…

"Major Qiagen shareholder demands higher bid from Thermo Fisher – source"

Pandemic sealed Vettel’s departure, says Ferrari boss

– Sebastian Vettel was Ferrari’s first choice to stay and partner Charles Leclerc in Formula One next year until the COVID-19 pandemic changed everything, team principal Mattia Binotto said on Friday. The four-times world champion, who won his titles with Red Bull, will now be replaced by Spaniard Carlos Sainz who joins from McLaren at the end of the season in a decision announced in May. Vettel, who celebrated his 33rd birthday at the Austrian…

"Pandemic sealed Vettel’s departure, says Ferrari boss"