Tag: Rationalization and redevelopment
Trading in Evergrande shares suspended again
Hong Kong The shares of the ailing Chinese real estate company Evergrande were suspended from trading on the Hong Kong Stock Exchange on Monday. The exchange announced this without giving…
Aequita takes over the traditional automotive supplier group IFA
Production at the automotive supplier Ifa In 2018, however, the company came close to bankruptcy. (Photo: dpa) Frankfurt The IFA Group is one of the traditional brands among German automotive…
Aequita takes over the traditional automotive supplier group IFA
Production at the automotive supplier Ifa In 2018, however, the company came close to bankruptcy. (Photo: dpa) Frankfurt The IFA Group is one of the traditional brands among German automotive…
Unicredit supervisory board chairman calls for international bank mergers
Pier Carlo Padoan, the head of the supervisory board of the major bank Unicredit The former Italian finance minister believes that Europe’s banks need more courage to merge. (Photo: Reuters)…
Daimler boss wants to increase margin to 14 percent
Electric sedan Mercedes-Benz Sindelfingen plant: Expensive vehicles, fewer emissions, is the plan of Daimler boss Ola Källenius. The Mercedes-AMG EQS 53 4MATIC electric sedan has been rolling off the assembly…
IG Metall boss Jörg Hofmann threatens VW boss Herbert Diess
IG Metall boss Hoffmann Even after the settled dispute with the VW group management, the unionist flexed his muscles. Frankfurt After the management crisis at Volkswagen was resolved, IG Metall…
Annette Mann becomes the first female boss for Austrian Airlines
Austrian Airlines The Lufthansa subsidiary gets a new management. Frankfurt Lufthansa has announced several changes in management for the coming year. As of March 1, Annette Mann will be the…
176 new civil servant positions for the federal government
Lindner, Scholz, Habeck (from left) According to the Federal Ministry of Finance, the management staff of the federal ministries, which are responsible for political planning and coordination, should grow. (Photo:…
Traffic light coalition approves 176 new civil servant positions
Lindner, Scholz, Habeck (from left) According to the Federal Ministry of Finance, the management staff of the federal ministries, which are responsible for political planning and coordination, should grow. (Photo:…
Unicredit presents strategy – but ignores job cuts
Munich, Rome The new strategic plan by Unicredit boss Andrea Orcel also leads to significant personnel changes at Hypo-Vereinsbank. According to the Handelsblatt, a total of up to 1,500 full-time…
Daimler Truck promises higher margins ahead of its IPO
Test of an autonomously driving Daimler truck It is still completely open whether Daimler can maintain its market leadership in the electric age. (Photo: via REUTERS) Munich It was almost…
Evergrande and Kaisa are about to default
Evergrande A catastrophic failure could have repercussions on the entire industry, which contributes around a quarter of China’s gross domestic product. (Photo: AP) Beijing The Chinese real estate developers Evergrande…
Evergrande and Kaisa are about to default
Evergrande A catastrophic failure could have repercussions on the entire industry, which contributes around a quarter of China’s gross domestic product. (Photo: AP) Beijing The Chinese real estate developers Evergrande…
Evergrande and Kaisa are about to default
Beijing The Chinese real estate developers Evergrande and Kaisa are on the verge of default. The rating agency Fitch set its rating for both companies to “Restricted Default” on Thursday…
The most important questions about the board meeting
Dusseldorf The largest European car manufacturer Volkswagen wants to present key points from its planning for the next five years on Thursday. This should be preceded by a meeting of…
Evergrande is apparently unable to service interest payments due for the first time
Beijing The situation at the heavily indebted Chinese housing company Evergrande is worsening. For the first time, according to insiders, the second largest real estate developer in China has broken…
Evergrande is apparently unable to service interest payments due for the first time
Beijing The situation at the heavily indebted Chinese housing company Evergrande is worsening. For the first time, according to insiders, the second largest real estate developer in China has broken…
Evergrande is apparently unable to service interest payments due for the first time
Beijing The heavily indebted Chinese real estate company Evergrande apparently failed to service interest payments due on November 6, even after the 30-day grace period had expired. As reported by…
Evergrande is said to be behind on some interest payments
Frankfurt The heavily indebted Chinese real estate company China Evergrande can apparently no longer meet all payment obligations on its bonds. Some foreign creditors would not have received the interest…
This is what the solution to the dispute over Herbert Diess should look like
Herbert Diess The VW boss should be allowed to keep his post, but has to give up power. (Photo: imago images / Jan Huebner) Berlin, Düsseldorf Hans Dieter Pötsch doesn’t…