Merkel calls on retailers and farmers for further talks

Berlin In view of the competitive prices for food in many supermarkets, the Chancellor called on the trade under fair conditions for farmers. “We have a common interest in a strong regional supply of our population with local products,” she said at a meeting with representatives from trade and the food industry. State-imposed minimum prices, […]

In the corona crisis, banks get more leeway for loans

The orphaned EU quarter in Brussels The EU Commission (right) is working on new easements for banks. (Foto: Bloomberg) Brussels The EU Commission wants to make sure with a series of reliefs for banks that the financial institutions do not turn off the credit tap. Among other things, the rules as of when provisions for bad […]

Wirecard: Public prosecutor searches five objects

Wirecard headquarters In addition to the company’s headquarters in Aschheim, the public prosecutor’s office searches two properties in Munich and Austria. (Photo: Reuters) Düsseldorf The public prosecutor came to the insolvent payment service provider Wirecard on Wednesday. Since morning she has been searching a total of five objects: three in Munich, including the company headquarters […]

How Bafin boss Felix Hufeld justifies himself

Berlin, Frankfurt Felix Hufeld was more important for the finance politicians this Wednesday afternoon than the Chancellor. The hearing of the Bafin chief in the finance committee should actually end by 1 p.m. at the latest, since then Angela Merkel (CDU) commented on the German EU Council Presidency in plenary. However, from the point of […]

Wirecard share on roller coaster ride – gamers at work? – Economy

Despite the application for bankruptcy and violent allegations of fraud, the stock of payment service provider Wirecard continues to trade on Germany’s leading index, the Dax. Speculators still seem to want to make money with rising and falling prices. The price of the Wirecard share is like a roller coaster ride: On Friday, the paper […]

Local elections in France: Greens overrun Macron politics

Fiasco for President Macron’s La République en Marche: Greens and allies conquer several major cities in the country in local elections. Socialist Hidalgo remains in office in Paris. Greens and their allies have had unprecedented success in the finals of local elections in France. In cities like Lyon, Strasbourg or Besançon, there is a change […]

Wirecard: Fateful days for Wirecard

The new CEO James Freis and Supervisory Board Chairman Thomas Eichelmann had been negotiating with the approximately 15 creditor banks since the penultimate Friday. Under the leadership of Commerzbank, Landesbank Baden-Württemberg and the two major Dutch banks ABN Amro and ING, they granted Wirecard a credit line of EUR 1.75 billion about two years ago. […]

What majority is needed for this in the Bundestag?

Berlin It was a political explosive proposal that Angela Merkel (CDU) and Emmanuel Macron unexpectedly presented on Monday. And so the Chancellor’s and the French President’s push for a € 500 billion reconstruction fund is causing ongoing controversial discussions. This applies to the European level, where states like the Netherlands and Austria opposed the plan, […]

Deutsche Bahn: Savings plans cause unrest

Dusseldorf Railway chief Richard Lutz’s plans to save personnel costs of more than two billion euros due to the consequences of the corona crisis are causing concern. On Monday, group works council chief Jens Schwarz said the demand “for concessions from the employees is the wrong signal, unsolidarity and misjudges the performance of the employees”. […]

FDP and Greens push for national hydrogen strategy

Berlin The opposition is calling on the federal government to bridge its differences and finally to present a “National Hydrogen Strategy”. “The hydrogen strategy is one of the key decisions on the way to climate-neutral industry,” said Lukas Köhler, climate policy spokesman for the FDP parliamentary group in the Handelsblatt. An “ideologically motivated commitment to […]