maybe the queues at the supermarket checkouts are a little longer today and the shelves with toilet paper, pasta and fish cans are emptied faster. If so, then it would have to do with an interview that Federal Minister of the Interior Nancy Faeser gave to the Handelsblatt and which quickly found its way through the news agencies.
Her central sentence was: “If the power goes out for a longer period of time or daily life is restricted in some other way, then it definitely makes sense to have an emergency supply at home.”
The SPD politician also criticized the weaknesses in civil protection and wants to have the sirens tested nationwide on a warning day. Here we are sensitized to any major catastrophes, Department of turning point. Boris Becker in prison, CDU leader Friedrich Merz in Kyiv and Chancellor Olaf Scholz yells in a marketplace: indeed, things are changing these days.
IAlways new details about the “Foundation for climate and environmental protection MV” bring Manuela Schwesig (SPD), Prime Minister of Mecklenburg-Western Pomerania, in need of explanation.
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The ominous foundation apparently had less ecological than economic tasks – to complete the gas pipeline “Nord Stream 2” of the Russian Gazprom group, which was threatened by US sanctions. Ex-Federal Minister of Economics Peter Altmaier (CDU) is now on record “that the project raised concerns for me at the time”.
In “Bild” you can read how a top engineer was flown in from Australia and accommodated in a luxury apartment, all paid for by the Schwerin Foundation. And they also arguably acquired the freighter Blue Ship, which was used for dredging around the pipeline.
The “Welt am Sonntag” in turn spread that the main file on the creation of the foundation could not be found. This has already been heard about important tax documents for the foundation. Until now, no one knew that the famous “Bermuda Triangle”, in which everything disappears, is located near Lubmin on the Baltic Sea – where the pipes from Russian Vyborg end.
In the new era of automobiles – electric, self-driving, networked – it’s batteries, software and chips that count. With their carburetor and injection pump know-how, the car giants can’t get any further, which is why they need partners. VW boss Herbert Diess, a seeker of the PS future, reports completion.
The Wolfsburg-based company is committed to the chip giant Qualcomm, which has already bought an automotive supplier and also found BMW as a partner. My colleagues found out that a “system-on-a-chip” to be specially developed for automated driving is to be used globally by all VW brands from 2026.
VW concludes a contract with Qualcomm until 2031, the contract volume is around one billion euros. Most industry experts had opted for a VW pact with the Intel subsidiary Mobileye, since both groups already cooperate well with each other on driver assistance systems. Now they spit in their hands at VW, shout “Chip Chip hooray” and want to show the Mercedes-Nvidia couple how the future works.
(Photo: Carsten Dammann for Handelsblatt)
In the case of Economics Minister Robert Habeck’s climate policy, the course was no longer recognizable due to the war. One of the people who expresses the environmental problems with desirable clarity is the Hamburg trading entrepreneur Michael Otto.
In view of the war in Ukraine in particular, we would have to “become more independent in our energy supply, not just from Russia, but from fossil fuels in general”. In detail, the owner of the Otto Group says about…
- a speed limit: “I’m very open to that. Unfortunately, according to new calculations, it doesn’t do much either. It would have more of a signal effect.”
- important measures: “We need to expand renewable energies at full speed. The focus is on repowering, i.e. replacing old wind turbines with new ones that have five times the output. I have never understood why you should start from scratch when approving such measures.”
- the turning point in climate policy: “If we use a lot more hydrogen in production in the future, that will mean a system change. The steps taken by the federal government are going in the right direction. And we as the economy must now be the driver to speed up the process. We’re too scared sometimes. Climate change will lead to climate wars and migratory movements that will have very different dimensions than what we are experiencing now.”
Conclusion: A political interview, but not a politician interview.
Stock market connoisseurs still remember how the British speculator Fraser Perring paralyzed the fake finance company Wirecard with early publications that were precise in terms of content.
Most recently, he put so much pressure on the real estate company Adler Group that there was a special test. And it’s tough because nobody wants to experience a second EY-Wirecard disaster: KPMG refuses to certify Adler’s balance sheet. Management withheld access to certain information, including correspondence with related parties (concerning the dubious subsidiary Consus Real Estate AG).
The annual loss of 1.17 billion euros and the resignation offer from all members of the board of directors, which was accepted in four cases, are also not nice. And it says: “A new CFO is being sought externally with immediate effect.”
A second search ad – titled “Most urgent” – should address the investors’ lost confidence. The Dax group Vonovia would have to ask itself what to do with 20.5 percent in such a company.
(Photo: Bloomberg)
And then there’s Warren Buffett, the Neil Young of the financial giants at the “Capitalists’ Woodstock,” as he calls his own general meeting. After three years of corona break, 10,000 came to Omaha, Nebraska, to Berkshire Hathaway, one of the ten most valuable companies in the world.
Apple CEO Tim Cook was there, as was our correspondent Astrid Dörner. She recounts the strange souvenirs on sale at the meeting: exclusive Forest River boats priced at $200,000, as well as Neil Young’s…ahem…Warren Buffett t-shirts and baseball caps likeness.
The Master himself drove around in the Caddy with a Coke bottle, explained his recent stock purchases (Chevron, Occidental Petroleum, Activision) and when asked about a nuclear attack said we were powerless in this case.
In this case, his future successor Greg Abel assumes that insurers – including his own insurance group – could be obliged to pay for damages. That provoked Buffett to a final joke: “But only if there are politicians and regulators.”
It greets you cordially
Her
Hans Jürgen Jakobs
Senior editor