Russia is helplessly exposed to the corona crisis and the oil price

Vladimir Putin’s press conference The Kremlin chief likes to act as a warning. But he is primarily to blame for the miserable situation in his home country. (Photo: AP) To put it cynically, one could say: Russia is not even enough to have a real dictatorship. In contrast to neighboring China, the huge empire has […]

Ceconomy wants to return to growth

In the past financial year, sales fell by 1.8 percent to around 20.8 billion euros, adjusted for currency and portfolio changes, due to the extensive shop closings in the wake of the pandemic. In the medium term, Ceconomy wants to increase revenues to over 22 billion euros by 2022/23. The online business is to be […]

Economy, trade & finance: dpa-AFX overview: KONJUNKTUR from December 10th, 2020

FRANKFURT – Europe’s monetary authorities are increasing the protective wall against the economic consequences of the second corona wave. The European central bank FRANKFURT – Europe’s monetary authorities are increasing the protective wall against the economic consequences of the second corona wave. The European Central Bank (ECB) is significantly expanding its emergency purchase program for […]

Corona debts should not be paid off – a guest post

Sebastian Dullien Sebastian Dullien is Scientific Director of the Institute for Macroeconomics and Business Cycle Research at the Hans Böckler Foundation. (Foto: imago images/photothek) For months there was broad consensus about the support measures in the corona crisis: Everything must be done to protect the economy, if necessary on credit. This consensus has been broken with […]

Initial jobless claims increase unexpectedly sharply

WASHINGTON In the US, the number of initial jobless claims has risen surprisingly sharply. In the past week, 853,000 people applied for assistance, the Department of Labor announced in Washington on Thursday. That is 137,000 more than in the previous week. Analysts had expected an average of only 725,000 applications. The recent worsening of the […]

State development bank: KfW reports record loan volume

KfW in Frankfurt The state bank plays an essential role in combating the economic consequences of the corona pandemic. (Photo: dpa) Frankfurt The corona crisis has driven the demand for loans from the state KfW to a record level and at the same time left the promotional bank in the red. “In the first half […]

Small firms are desperately looking for money

Logo of the KfW development bank So far, the state development bank has received more than 80,000 applications worth a good 53 billion euros. (Photo: dpa) Frankfurt Harald K. needs a corona loan. But so far the freight forwarder from southern Germany has not even been advised by one of his three long-standing banks. One […]

Trade and the real estate industry recommend lowering rents

Vacant sales area The dealers affected by the six-week closure are estimated to have accrued rental debts of around 2.6 billion euros. (Photo: dpa) Düsseldorf Retailers and the real estate industry have agreed on recommendations for rent reductions in the Corona crisis. According to a joint code of conduct, dealers should be able to count […]

Dax & dates in the daily stock exchange report

Düsseldorf The Dax started the new stock market half year with losses, but the leading German index is expected to be more friendly again on Thursday morning. On off-exchange trading platforms, the Frankfurt stock exchange barometer is around 0.8 percent up. The corona crisis in the USA is returning with full force: In the US […]

French restaurateur wins against Axa insurance

Empty gastronomy According to a court ruling, his insurer has to pay for the operating losses of a French restaurant operator. (Photo: dpa) Paris This is a decision that could have serious consequences for the legal assessment of the lockdown: Stéphane Manigold, a French operator of four restaurants, won against the insurer Axa in a […]