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Apr 19, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►

CDU

Germany's finance minister rejects blame for Wirecard fiasco
World

Germany's finance minister rejects blame for Wirecard fiasco

  • Olaf Scholz joins a long list of politicians and officials who have denied responsibility for slipshod oversight and what critical lawmakers see as a pro-Wirecard bias that failed to avert Germany's biggest post-war fraud.
  • The case, on a par with the Enron scandal in the United States, has prompted the resignation of the heads of two German supervisory authorities, an overhaul of regulation, and criminal investigations.
Published 22 Apr, 2021 06:37pm
Marathon restarts CDU at Galveston Bay Refinery in Texas
Business & Finance

Marathon restarts CDU at Galveston Bay Refinery in Texas

  • After restarting the 225,000 bpd CDU, Marathon began on Monday a planned overhaul of the 140,000 bpd fluidic catalytic cracker 3 (FCC 3), the sources said.
  • On Sunday, FCC 3 had a propane leak that idled activity at the refinery for much of the day, the sources said. No injuries were reported because of the leak.
Published 08 Mar, 2021 09:59pm
German lawmaker from Merkel's conservatives quits over face mask scandal
World

German lawmaker from Merkel's conservatives quits over face mask scandal

  • "In order to avert further damage for my party, I withdraw from my Bundestag mandate," said Nikolas Loebel the conservative Christian Democrats (CDU) party in a statement.
  • His resignation comes one week before regional elections in the western states of Rhineland-Palatinate and Baden-Wuerttemberg, where Loebel's constituency is.
Published 08 Mar, 2021 07:06pm
German CDU confirms Laschet as new leader in postal ballot
World

German CDU confirms Laschet as new leader in postal ballot

  • Laschet, premier of Germany's most populous state and the self-styled Merkel continuity candidate, won 83.35% of the valid postal votes cast by 1,001 delegates.
  • "The CDU remains Germany's Europe party," Laschet told reporters, stressing that he wanted his leadership of the party to be marked by dialogue with its grass roots.
Published 22 Jan, 2021 09:16pm