Many companies are facing bankruptcy due to the consequences of the war
High fuel prices, shortages of raw materials, sanctions: According to the Chamber of Industry and Commerce, German companies have to deal with the serious consequences of the Ukraine war. They are asking for help from the federal government. More and more companies in Germany see their existence threatened as a result of the Russian war […]
Security personnel begin warning strikes at airports
The first warning strikes by security personnel have begun at Cologne/Bonn Airport. According to the Verdi union, the work stoppages are to be extended nationwide on Monday. Passengers at several German airports must expect flight cancellations and delays on Monday. The Verdi union has called on security forces in passenger control at several German airports […]
Rating agency Fitch expects Gazprom bankruptcy: “Payment default likely”
Russian commodity groups could soon collapse under the sanctions. The rating agency has classified Gazprom and others as “probable” that bankruptcy is imminent. The rating agency Fitch has downgraded the creditworthiness of 28 Russian commodity groups and considers a “payment default of any kind to be likely”. Fitch on Saturday downgraded gas giant Gazprom, oil […]
war | Russia: Hundreds of planes stuck
Russia wants to illegally keep hundreds of planes in the country. Due to the war in Ukraine, many Western providers are terminating contracts with Russian airlines – but Russia does not want to return the machines they have borrowed. The landlords of hundreds of planes in Russia are unlikely to see their belongings again any […]
Axa CEO: “Refugees don’t have to worry about insurance”
Many practical questions arise for refugees from Ukraine in Germany. A visit to the doctor does not have to worry anyone, explains Axa CEO Schumacher in the t-online interview. From one crisis to the next: Thilo Schumacher took over his new post as CEO of Axa Versicherungen in Germany last December in the middle of […]
Moderate impact of war in Ukraine on economy
The German economy had just embarked on a recovery course. The situation in Ukraine comes at a bad time economically. Nevertheless, economists do not initially expect any major effects. According to experts, the Ukraine war as the second major shock wave after the pandemic will slow down the German economy, but initially will hardly leave […]
10 years after the end – is the big comeback coming? An overview
The drugstore chain Schlecker used to be an integral part of every town or village. But 10 years ago it went bankrupt. Now an investor wants to bring the brand back. Everyone used to know the name Schlecker. In almost every municipality in Germany, the shop lettering with the logo hung at least once, white […]