Turkish Central Bank raises interest rates to 17.75% - German industry slowing down - Chemicals firms Bayer and Monsanto finalize merger
The ruling paves the way for many more cases against agrochemical giant Monsanto. Glyphosate, the active ingredient in Roundup, is at the center of a debate over the weed killer's impact on humans and the environment.
It is in Germany's interest for Turkey to be "economically prosperous," said Chancellor Angela Merkel. But she warned this couldn't be at the expense of state interventions, as the Turkish lira continues to drop.
Germany's giant chemicals conglomerate, Bayer, has completed its takeover of US-based Monsanto. The Monsanto name, long touted by activists as a byword for corporate evil, will disappear. So now it's all good, right?
The German government has said it wants to be able to intervene earlier if a non-EU investor acquires 15 percent of a German company. Berlin has been wary of Chinese and US investors moving to take over key tech firms.
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