Škoda’s sales fell by almost a third in the first half of the year

In the first half of this year, Škoda Auto’s sales fell by 31.3 percent year on year to 426,700 vehicles. This was announced by the parent company Volkswagen. The car market has been hit hard by the coronavirus crisis this year. In June, however, Škoda Auto’s sales fell by only 16 percent year on year […]

Musk motivated the employees again, every car could decide on losses

The Californian carmaker has already had three successful quarters, but every car could decide on the success in the fourth. Yesterday’s end of the second quarter of 2020 was important in the Czech Republic, especially for the rest of the schoolchildren, who finally picked up their certificates and headed for the coveted holidays. But Tesla […]

Photonics: a new chip industry is born

You cannot get a nicer compliment as an entrepreneur: the Dutch government invests 20 million euros in your company, to prevent foreign investors from stealing it. That happened to Smart Photonics, a young Eindhoven tech company that builds photonic chips. These are semiconductors that produce and process laser light on an extremely small scale. It […]

Geneva Motor Show 2021 canceled! The reason is finance

The management of the car show has officially confirmed that we will not see another one after the cancellation of this year. This is due to the echoes of the coronavirus pandemic. Just a few tens of hours before the gates of the Geneva Motor Show opened, news came from Switzerland that this year would […]

Economists reject government support

Berlin When Sigmar Gabriel (SPD) was Minister of Economics before 2017, he happily blasphemed that he would get six different recommendations if asked by five economists. Federal Minister of Economics Peter Altmaier (CDU) does not have the problem today. “A car purchase bonus makes no economic sense, creates false industrial policy incentives and does not […]

Economists demand classes for all classes

School lessons Daycare and school closings increased the differences in learning groups and social inequalities in society, warn economists. (Photo: dpa) Berlin More than 90 German economists from educational research are calling for “comprehensive measures to immediately offer early childhood and school education in Germany for all age groups”. That is the essence of an […]

Why the government is suddenly listening more to the top economists

Berlin It is now almost a ritual, and yet Germany’s top economists are thrilled every week for this appointment. Every Thursday at 5 p.m., the leading German economists connect with the Federal Ministry of Finance via Webex for an hour and a half for a video conference. “For me it’s the highlight of the week,” […]

Low earners get away the worst with short-time work benefits

Frankfurt The coalition committee has decided to increase short-time work benefits to 70 and 77 percent of the net wage loss from the fourth month. However, calculations by Lorenz Jarass from the Rhein-Main University of Applied Sciences show that high-earning employees on short-time work can already come up with replacement rates for the net loss […]

U.S. oil is trading for the first time in history

The US $ West Texas Intermediate oil price has lost its value and went into negative numbers on Monday evening. After being negative for the first time in history, US oil has dropped 99% to close to $ 0. It had never set such a low price since the historic series began in 1983. The […]