Here is a summary of the main business headlines from Germany:
ALLIANZ FINED $12.3 MILLION IN CORRUPTION FEES
US securities regulators charged German insurer Allianz SE on Monday with bribing Indonesian government officials, and fined the company $12.3 million for violating overseas corruption laws
POLICE GAIN POWER TO CLOSE MOBILE PHONE NETWORKS
The German state of Saxony-Anhalt said on Tuesday that it had re-drafted a law in order to let police shut down mobile phone networks in times of imminent danger without court approval. Critics voiced have concern about misuse.
BUNDESBANK WARN GERMAN ECONOMY GOING TO SHRINK
The German economy, Europe's biggest, is set to contract "noticeably" in the fourth quarter of this year and will probably tread water early next year, the Bundesbank forecast on Monday
GOVERNMENT ADVISORS CLAIM GERMANY ARE MISSING TARGETS
The four specialists supervising Germany's planned transition to renewable energy have said the government will fail to meet crucial targets for energy efficiency if the pace of improvements is not accelerated.
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