Latest Olaf Scholz News

German Finance Minister Olaf Scholz attends a news conference in Berlin, Germany, Monday, Aug. 10, 2020. Olaf Scholz announces that he will run for the for the Social Democratic Party as chancellor candidate at next year's general elections in Germany.(AP Photo/Markus Schreiber)

German finance minister to lead center left into 2021 vote

Aug. 10, 2020 10:23 AM EDT

BERLIN (AP) — Germany's center-left Social Democratic Party named Finance Minister Olaf Scholz on Monday as its candidate to become chancellor in the country's national election next year. Scholz, 62, who is considered to be on the right of the Social Democrats, has won widespread praise for his handling...

File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany.  (Sven Hoppe/picture-alliance/dpa via AP, file)

Second executive arrested in Wirecard scandal in Germany

Jul. 6, 2020 10:37 AM EDT

FRANKFURT, Germany (AP) — Another executive with bankrupt payment company Wirecard has been arrested in Germany on suspicion of aggravated fraud, prosecutors said Monday. The suspect, the head of a company subsidiary in Dubai, had returned to Germany to face proceedings. The arrest comes after former CEO...

File---Picture taken June 24, 2020 shows the Wirecard logo at the headquarters of the payment service provider in Aschheim, Germany.  (Sven Hoppe/picture-alliance/dpa via AP, file)

Germany to revamp financial oversight after Wirecard scandal

Jul. 5, 2020 8:03 AM EDT

BERLIN (AP) — Germany's finance minister says he wants to revamp the oversight system for the country's financial industry in the wake of the accounting scandal at payment systems provider Wirecard. The Munich-based Wirecard filed for bankruptcy recently after auditors couldn’t find accounts in the...

Health officials disinfect an area around a hospital after one of the hospital's patients tested positive for the new coronavirus in Gwangju, South Korea, Wednesday, July 1, 2020. South Korea is considering including religious facilities on the same list with nightclubs, hostess bars and karaoke rooms as

The Latest: South Korea worries as virus resurgence spreads

Jul. 1, 2020 10:41 PM EDT

SEOUL, South Korea — South Korea says it has confirmed 54 more COVID-19 cases as the coronavirus continues to spread beyond the capital region and reach cities like Gwangju, which has shut schools and tightened social restrictions after dozens fell sick this week. The figures reported Thursday brought the...