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Lufthansa keeps CEO Spohr on for another five years
Lufthansa keeps CEO Spohr on for another five years
Business and Economy
by  AFP

Lufthansa CEO Carsten Spohr, who steered the airline back from the brink of bankruptcy during the pandemic, will see his contract extended by another five years, the group said Thursday. Lufthansa's supervisory board on Thursday also agreed to extend the contract of chief financial officer Remco Steenbergen by another five years. jpl-mfp/hmn/kjm

Scholz vows to ramp up Germany's armaments industry
Scholz vows to ramp up Germany's armaments industry
Business and Economy
by  AFP

Chancellor Olaf Scholz vowed Thursday to ramp up Germany's armaments manufacturing industry, after NATO warned that Ukraine was currently using up more ammunition than allies were producing. In his address to parliament on Thursday, Scholz also hit out at calls particularly from the far left in Germany for Berlin to stop delivering armaments to Kyiv.

Europe's top prosecutor sets sights on Russia sanctions-busters
Europe's top prosecutor sets sights on Russia sanctions-busters
Business and Economy
by  AFP

Europe's chief prosecutor Laura Codruta Kovesi is already investigating frauds that allegedly cost EU taxpayers 14 billion euros -- now she wants to go after the smugglers undermining sanctions against Russia. This has led to notable successes, such as Operation Admiral, an investigation that broke up a network responsible for 2.2 billion euros in VAT fraud.