Tag: Süddeutsche Zeitung Economy
Fuel prices – tank discount shows effect – economy
Gasoline and diesel were recently cheaper at German pumps or about as expensive as in most of the direct EU neighboring countries. On June 20, drivers paid an average daily…
Craftsman – Wait eleven weeks – Economy
Customers currently have to wait an average of eleven weeks for a craftsman, and around four months for a builder. “These are record values,” said Holger Schwannecke, Secretary General of…
Foreign Exchange and Commodities – Turkish Lira Appreciates – Economy
On the foreign exchange market, the Turkish lira rose significantly on Monday. The reason for the increase was new restrictions on lending to companies in Turkey. In return, the euro…
Siemens – purchase of software company – economy
Siemens is expanding its business with software for building and infrastructure technology with an acquisition in the USA of up to 1.8 billion euros. The Munich-based technology group is buying…
Criminal trial – defeat for Credit Suisse – economy
Credit Suisse has lost the first Swiss criminal case against a major bank. The Swiss Federal Criminal Court found the institute guilty of money laundering on Monday. The judges had…
UK – Steel Industry Protection – Economy
British Prime Minister Boris Johnson wants to protect domestic steelmakers from rising energy costs. “We have a system in the UK where we don’t favor our industry like some other…
Japan – Electricity Shortage – Economy
The Japanese government warns of a power shortage in view of the summer heat. There will be a tense situation in the Tokyo region on Monday, she said on Sunday.…
Russia – Soon insolvent? – Business
LONDON, Jun 26 (Reuters) – Russia is nearing its first default since the Bolshevik revolution more than 100 years ago. A deadline to pay $100 million in interest on two…
Lufthansa – Many flights canceled – Economy
In the middle of the summer vacation period, Lufthansa is canceling more than 2,000 more flights at its Frankfurt and Munich hubs due to a lack of staff. “The cancellations…
Deutsche Bank – Bonus waiver in Frankfurt – Economy
The board members of Deutsche Bank reportedly want to forgo EUR 75,000 each from their bonuses. Apparently it’s about taking responsibility for the unauthorized use of short message services in…