In the spring of 1945, Harald Quandt, a 23-year-old officer in the German Luftwaffe, was being held as a prisoner of war by Allied forces in the Libyan port city of Benghazi when he received a farewell letter from his mother, Magda Goebbels -- the wife of Nazi propaganda minister Joseph Goebbels.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
Altana, the German chemical maker owned by Bayerische Motoren Werke AG heiress Susanne Klatten , is seeking acquisitions and can spend 1 billion euros ($1.4 billion) without jeopardizing its credit rating, Sueddeutsche Zeitung said, citing an interview with Chief Executive Officer Matthias Wolfgruber .
Most European stocks declined, following two weeks of losses for the Stoxx Europe 600 Index, as euro-area policy makers discussed channeling additional financial support through the International Monetary Fund.
Bayerische Motoren Werke AG’s controlling family last week donated 690,000 euros ($930,000) to German Chancellor Angela Merkel’s party, just days before Germany successfully blocked stricter European Union regulations on carbon dioxide emissions.