Museum Sells Restituted Cézanne for $39 Million 

Updated Nov. 9, 2023 9:53 pm ET A Paul Cézanne still life sold for $39 million on Thursday as part of a fundraising effort by a beleaguered Swiss museum. The 1890-93 scene, “Fruits and Jar of Ginger,” was sold by Museum Langmatt in the Swiss community of Baden as part of a broader campaign to … Read more

Hamas Attack Reminds Europeans of the Virtue of Sovereignty

Europe has discovered that it has an anti-Semitism crisis on its hands. And now some politicians claim to have found the answer: Deport the anti-Semites. It’s a response as illuminating as it is futile. The shock to Europe has been the “pro-Palestinian” protests on the streets in the weeks since Hamas’s barbaric invasion of Israel. … Read more

UBS Group Swings to Net Loss as Credit Suisse Costs Weigh

Updated Nov. 7, 2023 1:51 am ET UBS Group swung to a wider third-quarter net loss than analysts had expected after costs related the integration of Credit Suisse cut into the bank’s earnings. The Swiss bank said Tuesday that its net loss was $785 million compared with $1.73 billion in net profit in the prior … Read more

Tesla Raises Wages for German Workers Amid Union Pressure

BERLIN—Tesla is boosting factory worker pay in Germany amid an aggressive unionization drive, a move that comes as Chief Executive Elon Musk may face similar organizing attempts in the U.S. Tesla’s management in Germany late last week unveiled a package of wage increases for workers during Musk’s visit to the so-called Gigafactory on the outskirts … Read more

The Salty, Soothing Twist of Pretzels

If you asked most people whether they would like to eat dough which has been dipped in caustic soda—the stuff you use to unblock drains—I don’t imagine they would be too keen. Yet that is exactly what a pretzel is, a snack whose deep brown shininess is usually achieved by a brief dip in water … Read more

'The Picnic' Review: Ending the Cold War at a Cookout

A festive gathering along Hungary’s Austrian border allowed hundreds of East Germans to flee to freedom. More would follow.

Germany’s Trade Surplus Fell in September as Exports, Imports Dipped

Germany’s trade surplus declined in September, as exports and imports fell more than expected, a signal of the fragile economic climate for German businesses both at home and abroad. The country’s adjusted trade surplus-representing the difference between exports and imports of goods-dipped to 16.5 billion euros ($17.53 billion) in September, compared with EUR17.7 billion in … Read more

Swiss Re Swings to Net Profit on Property-And-Casualty Strength

Swiss Re swung to a net profit for the third quarter after property-and-casualty reinsurance benefited from a lower level of large natural-catastrophe claims. The Zurich-based reinsurer said Friday that it made a net profit of $1 billion for the third quarter. For the third quarter of last year, Swiss Re reported a net loss of … Read more

Germany’s Economy Contracted Less than Expected in 3Q

The German economy contracted a little less than expected in the third quarter of 2023, driven by lower household consumption, and revisions to previous quarters meant the economy avoided a recession previously reported last winter. Germany’s gross domestic product shrank 0.1% from July to September compared with the previous quarter, adjusted for price, seasonal and … Read more

German Industrial Production Falls More Than Expected

Germany’s industrial output declined 0.2% in August, yet more negative news for the country’s key manufacturing base. Source link