Tag: Economy
Unsuspecting auditors: is EY to blame for the Wirecard fraud?
Ernst & Young has been checking Wirecard's books since 2009. But despite numerous references to inconsistencies in the press and from investors, the EY auditors wave through the balance sheets…
Hardly any demand from the auto industry: steel giant Salzgitter is making millions in losses
The corona crisis does not simply pass Salzgitter AG by. The steel manufacturer is deep in the red. The main reason is the stumbling automotive industry. The company from Lower…
Winegrowers foaming: France is threatened with massive champagne trouble
The demand has collapsed, the warehouses are full. Because of the corona pandemic, much less champagne is being drunk. That is why the producers want to reduce the harvest volume…
Stock market day: British economy crashes at record speed
The british economy is in the second quarter because of Corona crisis crashed massively. The Gross domestic product (GDP) went around from April to June 20.4 percent to the same…
Active ingredient shortly before approval: Menopause drug promises Bayer billions
The pharmaceutical giant Bayer has secured a drug with potential billions. The hormone-free active ingredient is said to relieve symptoms of menopausal women. With the "blockbuster" deal, the Leverkusen-based company…
Once the most valuable company in the world: Aramco pays mega dividends with debt
The world's largest oil producer, Saudi Aramco, fueled the crash in the oil market itself. That tears a huge hole in the balance sheet. Nevertheless, the company wants to pay…
Group wants severance pay back: McDonald's sued ex-boss after sex affair
An intimate relationship with an employee costs McDonald's boss Easterbrook the job at the end of 2019. The CEO at the time received a hefty severance payment anyway, as the…
"House of Cards" as a model: Trump does it like Underwood
Donald Trump rules past parliament. Among other things, he wants to give millions of unemployed Americans more money to increase their chances of being reelected. Parallels to a dark television…
Crisis shapes the economy for a long time: 44 percent of companies would be bankrupt without help
The corona crisis hits the German economy hard. However, government aid can alleviate the problems. According to their own statements, they are even decisive for the continued existence of almost…
Not only Microsoft is negotiating: Twitter toying with Tiktok purchase
Tiktok's Chinese parent company stayed 45 days to sell the US division of the video platform. Another interested party has joined the hot candidate Microsoft. However, it is questionable whether…
Reluctant ticket reimbursement: Federal government criticizes Lufthansa sharply
Quite a few flights were canceled due to the Corona crisis, but many customers are still waiting for their flight costs to be reimbursed. According to a media report, Lufthansa…
Crisis consequences also in 2021: foreign trade continues "on sight"
The export figures are rising again, but are below the values of the previous year. That won't change anytime soon. The foreign trade association BGA also expects the corona crisis…