The World Bank has to look for a new boss: David Malpass surprisingly announced his resignation. The development bank announced that he would resign at the end of the fiscal year at the end of June. Malpass wants to "face new challenges". The resignation comes about a year before the regular end of the term. Malpass was heavily criticized for his statements on climate change. He has been accused of being a climate crisis denier. The former Secretary of the...
According to the Ifo Institute, working from home and rising housing costs are causing many city dwellers to move. Since the beginning of the corona crisis, 14 percent of part-time or full-time city dwellers have moved away, and another ten percent are planning to move within a year, the Ifo Institute said on the basis of a representative survey. For employees in the home office, the effect is a good ten percentage points higher. "Among the people who left the...
Climate activists of the "last generation" have now discovered what can be done with concrete. On Wednesday they poured concrete onto a bridge in central Berlin. The activists proclaimed that this would be used "for a more meaningful purpose than the construction of new climate-damaging motorways". And before the police could clear the spot, it had partially cured. It can go so fast.In fact, the federal government has completely different plans for the concrete, and speed also plays a role...
A penalty for using the Whatsapp messaging service? This is perhaps what some parents think of when looking at their children's communication routines. But it has been financial industry regulators who have slapped hefty fines on scores of major banks for senior executives using private Whatsapp or Signal channels to conduct business, despite the fact that doing so is illegal. This is primarily prohibited because the communication is harder to store there.Deutsche Bank was also involved. She had to pay...
The woman and the man did the same work. They had roughly the same work experience and education. They had even started their new job at pretty much the same time - at the metal company Photon Meissener Technologies near Dresden. That was in 2017, the job was in the field. The woman and man even regularly represented each other for long periods of time.Despite this, Susanne Dumas earned significantly less than her colleague. During the induction period, she received...
In the supermarket it will probably be even more expensive: The world's largest food company wants to raise prices again - and is not benefiting from inflation as much as expected. source site
From David Pfeifer, BangkokImagining $120 billion is like trying to capture the expansion of the universe. It roughly corresponds to the annual gross domestic product of Kuwait or Slovakia. If you like it more pictorial: You would get a million Porsche 911 for that. The Indian Adani Group has lost that much in value within three weeks after the US short-seller Hindenburg Research published a report on January 24. The title: "Adani Group: how the third richest man in the...
Guillaume Faury allowed a brief look behind the scenes for a moment. When asked about the difficulties Airbus is having with supply chains at the moment, he shook his head. The situation is "enormously frustrating, enormously frustrating."After the demand collapsed during the Corona pandemic, it came back with a bang. Airbus can hardly save itself from demand, just this week Air India ordered 250 aircraft. At the same time, however, the suppliers are destroying the aircraft group's expansion plans: "We...
The strategy is clear: stubborn investing without regard to short-term ups and downs brings the best long-term result. But how do investors keep up when the stock market is booming? Part 10 of the ETF Coach. source site
