BERLIN: The dramatic collapse of payments provider Wirecard is an “unparallelled scandal”, Germany’s finance minister said Thursday (Jun 25), after the group filed for insolvency as it admitted that 1.9 billion euros (US$2.1 billion) missing from its accounts likely did not exist. Finance Minister Olaf Scholz said the debacle “must […]

FRANKFURT AM MAIN: Lufthansa shareholders on Thursday (Jun 25) overwhelmingly backed a nine billion euro (US$10 billion) bailout by the German government, saving Europe’s largest airline group from bankruptcy after the coronavirus crushed travel demand. Over 98 per cent of shareholders accounting for 39 per cent of Lufthansa stock voted […]

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