Germany

Three German banks tap state funds for aid

Three German banks tap state funds for aidBerlin  - Three reeling German banks tapped state funds for billions of euros in aid Friday.

Hamburg-based HSH Nordbank said SoFFin, a federal government agency which has a 480-billion-euro war chest, had agreed to provide it with up to 30 billion euros (37 billion dollars) in guarantees to rescue it.

Chief executive Dirk Jens said the shareholders, which include two German states - Hamburg and Schleswig-Holstein, would also provide equity to the battered institution that announced weeks ago it was seeking SoFFIn aid.

Further German state bank to tap government for aid

Berlin  - German state-owned Landesbank Baden-Wuerttemberg (LBBW) is to receive a 5-billion euro (6.3-billion-dollar) capital injection, the bank announced Friday, amid reports that the world financial crisis had forced it deeper into the red.

The LBBW's owner, the state of Baden-Wuerttemberg, is to provide the capital support for the bank, which, shareholder sources told Deutsche Presse-Agentur dpa, is likely to run up a 2-billion-euro loss in the current year.

In announcing the capital injection, LBBW became the latest German bank to seek out state aid to help it limp through the current financial crisis.

Altintop close to return for Bayern

Munich  - Turkey midfielder Hamit Altintop resumed training with Bayern Munich Friday after a three-month injury lay-off and could make a comeback before the Bundesliga's winter break.

Berlin refuses to comment on Kosovo arrests

Berlin, GermanyBerlin - Berlin refused to comment Friday on the arrest in Kosovo of three Germans in connection with an attack on the European Union (EU) headquarters in Pristina.

A German Government spokesman declined to be drawn on speculation about the possible involvement of Berlin's security services (BND) in the case and instead pointed to the ongoing investigations.

Australian Holocaust denier released from detention in London

Holocaust memorialBLondon - An Australian man wanted in Germany on charges of denying the mass killing of Jews in the Holocaust has been freed from prison in London after the German authorities agreed to abandon a legal bid for his extradition, his lawyer said Friday.

Gerald Federick Toben, 64, who is of German origin, was arrested at London's Heathrow airport on October 1 on a European arrest warrant, alleging Holocaust denial and the spreading of anti-Semitic propaganda.

UAE makes a marvellous win at 2008 World Chess Olympiad

UAE makes a marvellous win at 2008 World Chess OlympiadBerlin, Nov 21st, 2008 : UAE kept its dreams alive with an impressive win over Monaco, 3 -1, in the seventh round of the 2008 World Chess Olympiad at the International Congress Centre in Dresden, Germany, yesterday.

Over 1527 players representing 141 countries are participating in the 38th Olympiad, the largest chess Olympiad ever and one of the biggest international competitions in any sport.

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