Aid organizations criticize Germany’s budget plans

In a joint appeal, 31 non-governmental organizations (NGOs) have strongly criticized the German government’s planned cuts in development policy and urged the Cabinet not to support the plans. “The German government’s budget planning is short-sighted an…

Germany’s Allianz plans takeover of Singapore insurer

German insurer Allianz said on Wednesday it is planning to strengthen its business in Asia by acquiring a 51% controlling stake in Singapore’s Income Insurance. The deal valued at 2.2 billion Singapore dollars (US$1.6 billion) was announced in Munich o…

Germany’s Allianz plans takeover of Singapore insurer

German insurer Allianz said on Wednesday it is planning to strengthen its business in Asia by acquiring a 51% controlling stake in Singapore’s Income Insurance. The deal valued at 2.2 billion Singapore dollars (US$1.6 billion) was announced in Munich o…