Latest Frankfurt News

Inflation's down and the European Central Bank has cut rates, again. Next up: The Fed

Sep. 12, 2024 12:22 PM EDT

FRANKFURT, Germany (AP) — With inflation subsiding, the European Central Bank cut interest rates again on Thursday to prop up tepid growth with lower borrowing costs for companies and home buyers. The U.S. Federal Reserve likely won’t be far behind in joining the rate-cutting process. ...

European Central Bank cuts benchmark rate by a quarter point, supporting tepid growth as inflation declines

Sep. 12, 2024 08:23 AM EDT
FRANKFURT, Germany (AP) — European Central Bank cuts benchmark rate by a quarter point, supporting tepid growth as inflation declines.

German rail system reports major disruptions due to a technical fault

Sep. 07, 2024 10:12 AM EDT

FRANKFURT, Germany (AP) — Germany's national rail company reported “massive” disruptions over parts of the country on Saturday, blaming a “technical disturbance" that was forcing many trains to wait at stations until the problem is cleared up. An announcement on the Deutsche...

Bomb threat forces Vistara airline plane en route to Frankfurt to land in Turkey

Sep. 06, 2024 12:36 PM EDT

ANKARA, Turkey (AP) — A Vistara airline flight en route to Germany from India made a forced landing in Turkey on Friday following a bomb threat, Turkish officials said. Flight VTI027 from Mumbai to Frankfurt, with 234 passengers and 13 crew members on board, landed at the airport...

Eurozone economy grew modestly by 0.3% in the second quarter as Germany shrank, highlighting growth gap with U.S.

Jul. 30, 2024 05:09 AM EDT
FRANKFURT, Germany (AP) — Eurozone economy grew modestly by 0.3% in the second quarter as Germany shrank, highlighting growth gap with U.S.

Deutsche Bank: Q2 Earnings Snapshot

Jul. 25, 2024 14:35 PM EDT

FRANKFURT, Germany (AP) — FRANKFURT, Germany (AP) — Deutsche Bank AG (DB) on Wednesday reported a loss of $153.9 million in its second quarter. The Frankfurt, Germany-based bank said it had a loss of 30 cents per share. The results did not meet Wall Street...

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control before cutting again

Jul. 18, 2024 08:22 AM EDT
FRANKFURT (AP) — European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control before cutting again.

German police investigate video that appears to show Euro 2024 security punching and kicking a fan

Jul. 03, 2024 11:33 AM EDT

FRANKFURT, Germany (AP) — Police in the German city of Frankfurt are investigating a video that appears to show a fan being punched and kicked while being detained by a group of Euro 2024 security personnel at Portugal's game with Slovenia. Tournament organizer UEFA said Wednesday...

Paxten Aaronson extends contract with Frankfurt through 2027-28, loaned to Utrecht for 2024-25

Jun. 21, 2024 18:10 PM EDT

American midfielder Paxten Aaronson extended his contract with Eintracht Frankfurt through the 2027-28 season on Friday and was loaned to Utrecht in the Netherlands for 2024-25. Aaronson, who turns 21 in August, made his debut with Major League Soccer's Philadelphia Union in 2021 and...

3 men arrested in Germany are suspected of spying on a Ukrainian for a foreign intelligence agency

Jun. 21, 2024 09:11 AM EDT

BERLIN (AP) — Three men have been arrested in Germany on suspicion of trying to collect information on a person from Ukraine for a foreign intelligence agency, prosecutors said Friday. The suspects were arrested in Frankfurt on Wednesday, federal prosecutors said in a statement....