Tag: Foreign trade policy
SAP withdraws completely from Russia
Software company SAP Internally, 1,700 of the 107,000 employees worldwide called for a complete withdrawal from the market in an open letter to the board. (Photo: dpa) Dusseldorf SAP wants…
IMF lowers growth forecast for the global economy
The Ukraine war and the economic consequences will dominate the meeting. The threatened “loss of prosperity is a direct result of the Russian war of aggression,” says a German government…
IMF lowers growth forecast for the global economy
Hamburg container terminal “Due to tightly interconnected global supply chains, production disruptions in one country can very quickly cascade across the world,” warns the IMF. (Photo: dpa) Berlin The mood…
Bruegel boss Wolff supports high tariffs on Russian gas and oil
Berlin The head of the Bruegel think tank in Brussels, Guntram Wolff, is calling for the German government to take much tougher steps against Russia – be it with sanctions…
Persil manufacturer Henkel is closing business in Russia
Henkel’s main plant in Düsseldorf The Dax group is giving up business in Russia. (Photo: dpa) Dusseldorf After much hesitation, Henkel ceased operations in Russia. “The implementation process is now…
Comment: Why South America is becoming more important
Iron ore mining in Brazil Few other countries in the world have experienced such a positive boost since the start of the Ukraine war as the countries of South America.…
“A gas embargo would tear Europe apart”
Dusseldorf The head of the energy supplier Eon traveled through Poland, Slovakia and Romania for several days shortly before Easter. There he visited locations of the Essen-based company and, above…
“A gas embargo would tear Europe apart”
Dusseldorf The head of the energy supplier Eon traveled through Poland, Slovakia and Romania for several days shortly before Easter. There he visited locations of the Essen-based company and, above…
Cyprus strips Russian oligarchs of their ‘golden passports’
The flags of Cyprus and the EU The EU member state has stripped several oligarchs of their citizenship. (Photo: AP) Berlin The government of Cyprus revokes the so-called “golden passports”…
China’s corona policy is becoming a risk for the global economy
Beijing China’s steadfast adherence to its strict zero-Covid strategy is increasingly jeopardizing global growth. The risk is “perhaps even greater than the war in Ukraine,” warns Alicia Garcia Herrero, chief…
Central Bank Head – The Russian economy must reposition itself
Elvira Nabiullina The central bank has recently changed the interest rate level several times. (Photo: imago images/SNA) Moscow According to the central bank, the Russian economy cannot live off its…
Can the federal government nationalize energy companies?
The war in Ukraine is leading to spectacular political decisions that nobody would have thought possible just a few months ago. The federal government is even considering expropriating German subsidiaries…
Central Bank Head – The Russian economy must reposition itself
Elvira Nabiullina The central bank has recently changed the interest rate level several times. (Photo: imago images/SNA) Moscow According to the central bank, the Russian economy cannot live off its…
Russia and the Long Shadow of the Commodity Syndrome
Johannesburg It was the German Chancellor at the time, Helmut Schmidt, who, when asked about Russia’s level of development, described it as “Upper Volta with nuclear missiles”. Upper Volta, the…
No comeback for aviation in sight
Presentation of the Sukhoi Superjet 100 at the Paris Air Show 2015 The Russian airline Aeroflot has bought some of the Russian-made regional jets. Beyond that, however, the aircraft hardly…
How an oligarch runs his corporate empire from exile
Vienna Historically, Ukraine is a country of extremes. It’s either a bridge or a battlefield, says rich entrepreneur Dimitro Firtash in an interview. Since February 24 and the attack by…
No spare parts, no new jets
Frankfurt Concerns are growing in Europe that planes operated by Russian airlines are no longer safe enough to take off and land in EU countries. A few days ago, EU…
Ukraine War: Interview with Estonian Defense Minister
Kale Laanet The Estonian defense minister is concerned about the security of the eastern NATO member countries. (Photo: Reuters) Stockholm Estonian Defense Minister Kalle Laanet does not see the end…
Ukraine War: Interview with Estonian Defense Minister
Kale Laanet The Estonian defense minister is concerned about the security of the eastern NATO member countries. (Photo: Reuters) Stockholm Estonian Defense Minister Kalle Laanet does not see the end…
Hackers attack America’s energy sector
san francisco Hackers have succeeded in infiltrating large areas of American energy supply companies and industrial plants with particularly sophisticated malware. It’s the first time hackers have penetrated so deeply…