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German minister says talks on EU-US trade deal have ‘failed’

  AFP Germany’s vice chancellor and economy minister Sigmar Gabriel said on Sunday that negotiations on a massive trade between the European Union and the United States were effectively dead in the water. “The talks with the US have de facto failed because we Europeans of course must not succumb to American demands,” he told public broadcaster ZDF. “Nothing is ...

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Alstom gets $2.0bn deal for high-speed trains

  Wilmington / AFP US rail operator Amtrak on Friday awarded a $2.0 billion (1.8 billion euros) deal to French manufacturer Alstom to supply new trains for its key Acela service between Washington, New York and Boston. The landmark deal for 28 new passenger trains will boost Amtrak’s speed and capacity along its most heavily used and profitable route, with ...

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CEO of Denmark’s $120bn ATP pension fund resigns

  Bloomberg Carsten Stendevad is resigning as chief executive officer of ATP, Denmark’s biggest pension fund, in order to move back to the U.S. The $120 billion fund has started a recruitment process to find a replacement, it said on Friday. The 43-year-old is leaving the fund to move back to the U.S. and be close to his wife’s family, ...

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