A judge in Frankfurt has sentenced the masterminds of a Ponzi scheme that cheated ordinary Germans out of dozens of millions of euros to eight and a half years in prison. The case is sure to compound Germans’ reluctance to put their money in equity. Source: Handelsblatt
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The German government said on Tuesday that US President Donald Trump’s decision to send additional troops to Afghanistan was “the right thing to do.” Defence Minister Ursula von der Leyen also welcomed the decision but said that Germany would not follow suit by further raising its troop numbers. Source: The Local
U.S. President Donald Trump warned on Tuesday he might terminate the NAFTA trade treaty with Mexico and Canada after three-way talks failed to bridge deep differences. Source: Reuters
Non-banking financial sector assets increased by 19.5 percent to reach 120 billion Turkish liras ($34.26 billion) in the first half of 2017 compared with same period in 2016, Association of Financial Institutions’ (FKB) data showed Tuesday. Source: Anadolu Agency