FRANKFURT (Reuters) -Shares in kidney dialysis group Fresenius Medical Care fell as much as 5% on Tuesday after a payment increase proposed by a major U.S. public health insurance body fell short of market expectations. Analysts said the base-rate payment increase of 1.6%, proposed for 2024 by the Centers for Medicare & Medicaid Services (CMS) late on Monday, fell short of the 3% to 4% projected by the market. Fresenius Medical, the world's largest provider of blood-cleansing treatments, is cutting costs and seeking to sell non-core businesses after U.S. staff shortages and cost inflation hit its earnings hard last year, compounding an existing burden from a high COVID-19-mortality rate among its patients.
BERLIN (Reuters) -German police searched properties belonging to the Archdiocese of Cologne on Tuesday as part of a perjury investigation against Cologne Archbishop Rainer Maria Woelki linked to his handling of historic abuse cases, prosecutors said. Last year, prosecutors said they were investigating whether Woelki, one of the most senior clerics in Germany's Catholic Church, perjured himself in sworn testimony about abuse committed by a priest who died in 2019. The archbisopric said at the tim
(Recasts with Bundesbank comments, adds in final paragraph the
German federal audit office declines to comment) FRANKFURT, June 26 (Reuters) - Germany s Bundesbank
denied on Monday a report that it might need a bailout to cove.
June 26 (Reuters) - Carmakers must in principle
compensate owners of diesel cars which only comply with
emissions limits in certain temperatures, Germany s highest
federal court ruled on Monday in a case against Volkswagen
, Mercedes-Benz a.
June 26 (Reuters) - Carmakers must pay compensation for
diesel vehicles fitted with illegal emissions controlling
devices, Germany s highest federal court ruled on Monday, in a
case that could potentially cost Volkswagen, Mer.