Kristalina Georgieva and Shehbaz Sharif Last week the Pakistani Prime Minister met with the Managing Director of the IMF – now the agreement has followed. (Photo: via REUTERS) Lahore Pakistan averted default at the last minute. The government agreed on Friday with the International Monetary Fund (IMF) on a new loan of three billion dollars. … Read more
Hamburg (dpa / lno) – Northern Germany’s employer president Philipp Murmann will remain in office for another four years. A general meeting re-elected the 59-year-old in Hamburg to head the business association UVNord, as the association announced on Wednesday. The former CDU member of the Bundestag and head of the Kieler Zöllner GmbH thus continues … Read more
Bidenomics The Biden program is putting pressure on other economic powerhouses. Joe Bidens strategy is working: just a few months after billion-dollar subsidy programs were approved, massive investments are being made in the USA. The US President wants to push back China’s influence and secure his re-election. The allies in Europe, who are threatened with … Read more
Bidenomics The Biden program is putting pressure on other economic powerhouses. Joe Biden’s strategy is working: A few months after billion-dollar subsidy programs were approved, massive investments are flowing into the USA. The US President wants to push back China’s influence and secure his re-election. The allies in Europe, who are threatened with the exodus … Read more
Dresden/Brussels (dpa/sn) – Saxony’s representatives from politics and business have welcomed the Brussels agreement on the expansion of the chip industry in the EU as an important step. “The Chips Act is extremely important because it creates reliability for investors in Europe,” said Saxony’s Prime Minister Michael Kretschmer on Wednesday on the sidelines of the … Read more
Inflation The price increase for food was 21.8 percent in 2022. (Photo: dpa) Frankfurt Despite sharply rising energy prices, disrupted supply chains and capacity bottlenecks, the past few years have not been years of crisis for many companies. Not only large energy companies recently reported record profits, but also companies such as BMW, Bosch, Hapag … Read more
ZURICH/BERN According to media reports, the Swiss supervisory authorities are urging UBS to take over its smaller local rival. State guarantees are a prerequisite for a deal that will be frantically negotiated over the weekend. The Swiss government in Bern should issue a guarantee to cover the risks associated with the takeover, it said. The … Read more
Frankfurt German insurers want to play an important role in the sustainable transformation of the economy. As institutional investors, they have recently made great efforts to make their investments more climate-neutral and to align them with ecological, social and ethical criteria (ESG). In the insurance business, on the other hand, brokers and companies still see … Read more
Drugstore chain Rossmann 8.3 percent of retail companies report a situation that threatens their existence. (Photo: dpa) Berlin In view of a severe recession that has become less likely, fewer German companies fear for their economic existence. Only 4.8 percent saw their continued existence threatened in January, as the Munich Ifo Institute announced on Wednesday … Read more
For three years, our economies have become the adjustment variables of tragedy. After the finally blessed time of liberal globalization, here we are in a war economy: war against a virus first, then war against the Russian threat (threat against France perhaps, against the international order for sure), all this against a background of deleterious … Read more