
RWE Wins Dismissal of Climate Lawsuit by Peruvian Farmer
An appeals court in Hamm on Wednesday said that while national law allows a single company to be targeted for its share of climate-related damage, not all the necessary requirements were met in this suit against RWE.
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Yahoo
16 minutes ago
- Yahoo
Italy's MFE sweetens bid for Germany's ProSieben
(Corrects second paragraph to say that offer is increased from 0.4 MFE A shares to 1.3 and not increased by 0.4 MFE shares) MILAN (Reuters) -MFE-MediaForEurope (MFE), the TV group controlled by Italy's Berlusconi family, said on Monday it had improved its offer for German peer ProSiebenSat.1. MFE raised its offer to 1.3 MFE A shares from an initial 0.4 MFE A shares while leaving the cash component unchanged at 4.48 euros per share, the company said in a statement. The decision was made "not because the initial bid was inadequate, but because, as leading shareholders, we have supported this industrial project for years," MFE chief Executive Pier Silvio Berlusconi said in a separate statement. He added the Italian group is not seeking total control of ProSieben. MFE owns around 30% of the German company and made a cash-and-share bid for it in March as part of its broader push to create a pan-European broadcaster. The move triggered an all-cash counter-bid by ProSieben's second-largest investor PPF, which owns private TV stations across six Eastern European countries. ProSieben called that counter-bid financially "inadequate". Germany's culture minister said on Saturday he had invited Italian media magnate Pier Silvio Berlusconi to a meeting to discuss the bid, adding the German firm's journalistic independence must be preserved.


Bloomberg
18 minutes ago
- Bloomberg
Budapest's Most Historic Site Gets a Controversial Rebuild
Thanks to US President Donald Trump, historic revival architecture has returned to the news this year. In January, the president signed an executive order demanding that all new federal buildings respect 'traditional and classical architectural heritage' in their design — reflecting a wider right-wing trend associating revivalist architecture with conservative values. This push for new-old buildings is global: In Dresden, Germany, whole sections of the city's historic center have been rebuilt to resemble the city's pre-World War II self, a form of project being repeated across Germany, Russia and France. Often these initiatives are promoted both by mainstream right-wing parties such as Germany's CDU, and through culture war agitation from figures on the far right. Perhaps the most high-profile example of this phenomenon is underway in the Hungarian capital of Budapest, where the government of Prime Minister Viktor Orban is rebuilding the Buda Castle district, a complex of ornate 19th century palaces and buildings on a fortified hill commanding the heights above Budapest. The project, initially estimated at $590 million but likely to cost far more, has been billed as restoring the area to its prewar glory. But critics have pointed out that the revamp — referred to as the National Hauszmann Program — is anything but historically accurate.
Yahoo
3 hours ago
- Yahoo
German regional train derails, killing at least three people
A regional passenger train derailed in southern Germany on Sunday, killing at least three people, authorities said. At least 34 people were injured, some seriously, according to initial reports. Around 100 people were on board the train when at least two carriages derailed in a forested area in the evening between Riedlingen and Munderkingen, roughly 158 kilometres west of Munich. The train departed from Sigmaringen and was traveling to Ulm. Photos from the scene showed parts of the train on its side as rescuers climbed atop the carriages. Rescuers with dogs searched the train for any missing passengers who were potentially stuck under the derailed carriages, local media reported, adding that search efforts continued through the night. Cranes were expected to be brought in to lift up the carriges on Monday. Federal and local police said the cause of the crash is still under investigation. The region was hit by heavy storms earlier in the evening before the crash, and investigators are seeking to determine if the rain was a factor. 'There have been heavy rains here, so it cannot be ruled out that the heavy rain and a related landslide accident may have been the cause,' Interior Minister of the State of Baden Württenberg, Thomas Strobl, said. German Chancellor Friedrich Merz said in a post on social platform X that he mourned the victims and gave his condolences to their families. Deutsche Bahn, Germany's main national railway operator, said in a statement that it was cooperating with investigators. The company also offered its condolences.