Tag: business
Major bank Credit Suisse replaces boss – economy
Credit Suisse replaces its boss and draws up a new restructuring plan – only nine months after the last one. The Zurich money house makes Ulrich Körner the new CEO.…
Lufthansa strikes at German airports have begun
In the middle of the holidays, Lufthansa passengers are hit hard by the Verdi warning strike. The airline has canceled almost its entire flight schedule because the union has called…
Strikes at airports have begun – economy
With the ground staff’s warning strike, Lufthansa’s flight operations have been largely paralyzed. Verdi wants to talk to the airline before further strikes. The advises those affected without a rebooking…
Interest rates: Are banks filling their pockets? – Business
That’s typical again: From this Wednesday onwards, the European Central Bank (ECB) will no longer charge negative interest from banks if they park money with them for a short time.…
SZ Podcast “On the Point” – News from July 26th, 2022 – Economy
Gazprom is delivering less and less gas through the North Stream 1 pipeline. As of Wednesday, only 20 percent of the usual amount of gas would flow through the main…
Gas crisis – Haidach should be filled – economy
Starting next week, Austria will have the partially unused Haidach gas storage facility on the Bavarian border filled. The Russian natural gas company Gazprom, which owns part of the huge…
Equities – Retailers under pressure – Economy
Investors in Europe ran out of risk at the start of the US Federal Reserve’s two-day meeting on Tuesday. In view of the expected further hike in interest rates by…
Foreign exchange, bonds, commodities – investors are looking for security – economy
Fears of a recession that flared up again and the US Federal Reserve’s forthcoming interest rate decision hit the euro on Tuesday. The dollar, on the other hand, was in…
Beverage Industry – Things are going well at Coca-Cola – Economy
Coca-Cola has raised its sales guidance for the full year. Despite price increases, demand for sugary drinks has remained strong and has cushioned higher costs for things like corn syrup…
Sporting goods manufacturer – Adidas weakens in China – economy
The sporting goods manufacturer Adidas continues to row back for the current year. A slower recovery of business in China due to the corona-related lockdowns and an expected weaker consumer…