Eurotopics.net

A major overhaul is to lead Deutsche Bank out of its crisis. By 2022, 18,000 jobs are to be cut and the bank will also withdraw from the equities business. CEO Christian Sewing spoke of a 'reboot', saying that the bank would return to its roots. Some commentators praise the strategy, others see little hope of the bank being rescued.

Last weekend, British newspaper The Mail on Sunday quoted excerpts from confidential memos of Kim Darroch, the British Ambassador to the US, in which he called the Trump Administration "inept". This has triggered a debate in Great Britain about whether or not he should now resign.

Germany gave scooters powered by electric batteries the green light in mid-June and in many other European countries they have been circulating for some time now. They have become a popular means of transport not just for tourists. But reports of serious accidents are fueling fears that they could have a negative impact on traffic, making it more complicated and dangerous.

The US company Facebook has announced the launch in 2020 of its own cryptocurrency as a payment method. Libra, like Bitcoin, is based on blockchain technology, but the company claims it won't be subject to exchange rate fluctuations. Commentators discuss the repercussions for the financial world.