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.
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.
Germany’s SGL Carbon SE doesn’t see a full takeover as likely by Bayerische Motoren Werke AG and the carmaker’s heiress Susanne Klatten, Chief Financial Officer Juergen Muth told the Frankfurter Allgemeine Sonntagszeitung.
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.
Altana AG, the 140-year-old maker of chemical additives owned by billionaire Susanne Klatten, reshuffled its supervisory board, with the former chief executive of Cognis, Antonio Trius, joining as a board member following its takeover by BASF SE.
Bayerische Motoren Werke AG will next year seek to get a woman on its management board following pressure from one of its co-owners, Handelsblatt reported, citing unidentified people within the company.