Business OVERVIEW in the evening / economy, central banks, politics...

OVERVIEW in the evening / economy, central banks, politics | 24/1/20

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The most important events and reports on the economy, central banks and politics from the Dow Jones Newswires program.

Merkel agrees talks with Erdogan about Germans detained in Turkey

Chancellor Angela Merkel (CDU) has arranged talks with Turkish President Recep Tayyip Erdogan about the Germans detained in Turkey. Merkel said on Friday after a meeting with Erdogan in Istanbul that they had agreed to continue working on “that people with German citizenship who are not allowed to leave the country or who are arrested have talked about it case by case, how to get here “.

Merkel holds out the prospect of further EU aid to refugees from Erdogan

Chancellor Angela Merkel (CDU) has announced that the Turkish President Recep Tayyip Erdogan will receive further help from the EU in dealing with the refugee crisis. “I can very well imagine that the EU will provide support beyond the two by three billion euros,” said Merkel on Friday after a conversation with Erdogan in Istanbul. This was discussed in the EU bodies.

Environment Minister welcomes rethinking of ADAC at the speed limit

Federal Environment Minister Svenja Schulze (SPD) welcomed the ADAC automobile club’s new stance on the speed limit. She feels “empowered,” said Ministry spokesman Stephan Gabriel Haufe in Berlin. Schulze also supported the implementation of a new study that took the current state of the debate into account, said Haufe.

Thomas Cook bankruptcy causes three-digit million costs

The insolvency of the tourism company Thomas Cook will cause the taxpayer costs in the hundreds of millions. According to estimates by the Federal Ministry of Justice, the compensation payments to affected travelers amount to 263 million euros. Corresponding reports, which refer to documents from the Bundestag Budget Committee, were confirmed by the responsible spokesman for the Federal Ministry of Justice, Stefan Zimmermann, on Friday in Berlin. The department assumes “an order of magnitude of 225 million euros plus handling costs”.

Damm appointed new KBA president

Richard Damm is the new President of the Federal Motor Transport Authority (KBA) effective February 1. Federal Transport Minister Andreas Scheuer (CSU) has appointed the graduate engineer as President of the KBA, said the authority in Flensburg. He succeeds KBA President Ekhard Zinke, who has headed the office since 2004 and will retire on January 31. The KBA has become “digital, more progressive and more modern”, said Scheuer.

France’s cabinet launches controversial pension reform

Despite seven weeks of protests, the French cabinet has launched the controversial pension reform. This was announced by a government spokeswoman after the Ministerial Council headed by President Emmanuel Macron. At the same time, tens of thousands of people took to the streets against the reform.

DAVOS / Scholz: Brexit will not have a major impact on the economy

Federal Minister of Finance Olaf Scholz (SPD) has been convinced that Britain’s impending exit from the European Union will not have any negative economic consequences for Germany. “I think Brexit will have no negative effect,” said Scholz in an English-language discussion at the World Economic Forum in Davos on the topic of the “Global World Economic Outlook”. The fact that Britain would leave the EU in a few days will “have little influence” because “we avoided a hard Brexit”.

João Vale de Almeida becomes EU ambassador to the UK

After the Brexit, João Vale de Almeida will represent the European Union in Great Britain. The Portuguese was appointed EU ambassador to the kingdom, said EU foreign policy chief Josep Borrell on Friday. The 62-year-old will take office on February 1, one day after Britain’s exit from the EU.

Belgium’s business climate brightened against expectations in January

The Belgian business climate surprisingly brightened in January. As reported by the National Bank of Belgium (BNB), the index rose by 1.4 points to minus 2.0. Economists interviewed by Dow Jones Newswires had forecast a decline to minus 3.9 after the index was down 3.4 last month.

Commission deliberates in February on saving nuclear deal with Iran

The remaining contracting parties to the international nuclear agreement will once again consult with Tehran in February to rescue the agreement. All contractors “have reaffirmed their determination to uphold the agreement,” said EU foreign policy chief Josep Borrell on Friday. This is in everyone’s interest. Borrell did not give an exact date and the place of the meeting of the Joint Commission, which includes experts from all participating countries. The previous meetings had been held in Vienna.

Uber expects confrontation with EU cities due to scooter data

The travel agent Uber expects a confrontation with cities in the EU. As the US company announced, several cities have requested data from the company about the use of electric scooters or scooters and bicycles. This could result in data protection problems similar to those that have already occurred between Uber and the US city of Los Angeles.

Markit: US economy gains strength in January

Growth in the US economy accelerated in January. The collective index for production in the private sector – industry and service providers combined – raised by IHS Markit – rose to 53.1 from 52.7 points in the previous month. The economic barometer signals growth above 50 points.

Second coronavirus case confirmed in the United States

In the United States, a second person has been diagnosed with the novel coronavirus. It was a woman in Chicago between the ages of 60 and 70, the local health administration said on Friday. The patient was in a stable condition. The U.S. health authorities are also investigating 50 other suspected cases.

+++ economic data

* DJ Canada Nov retail sales ex vehicle + 0.2% yoy Oct

* DJ Canada Nov retail sales + 0.9% yoy Oct

Contact the author: [email protected]

DJG / DJN / AFP / mgo

(END) Dow Jones Newswires

January 24, 2020 13:00 ET (18:00 GMT)

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