Tinubu ball The Nigerian President is awaiting an invitation from Indian Prime Minister Narendra Modi. (Photo: AP) Abuja Nigeria, the largest country in Africa, is considering membership in the G20 confederation of the world’s most important economic powers. This is the result of consultations about the risks and benefits of such membership, a spokesman for … Read more
ICBC-Filiale in Peking China’s largest bank won’t accept payments from Russian banks under Western sanctions. (Photo: Reuters) Industry Only a strong last quarter saved Russia’s banks from a year of losses in 2022. And currently it doesn’t look like this year will be any better. Because even banks from those countries that have so far … Read more
Clean room in Freising Texas Instruments remains loyal to the Munich location. (Photo: Texas Instruments) Freising When Texas Instruments (TI) opened its plant in Freising, Ludwig Erhard was Chancellor. Back then, in 1966, it was unforeseeable that the new Munich airport would one day open right in front of the company headquarters. The plant on … Read more
Beijing Airport Openings and new perspectives are also calling airlines and travel groups to the scene. (Photo: Reuters) Shanghai, Beijing, Berlin Despite corona easing for travelers to China, there probably won’t be an immediate holiday boom there. Assessments from the population, online platforms and travel agencies indicate that the recovery of the multi-billion dollar travel … Read more
– China’s Foreign Minister Wang Yi meets US Secretary of State Antony Blinken Despite their strategic rivalry, the world’s two largest economies remain important trading partners. – (Photo: AP) – – – – Washington / Peking US Secretary of State Antony Blinken has again called on China to condemn Russia’s war of aggression against Ukraine. … Read more
– Tesla Telsa production had to be cut back sharply due to corona lockdowns in China. – (Photo: Reuters) – – – – San Francisco The world’s largest electric car manufacturer Tesla is feeling the effects of the corona lockdown in China. According to its own statements, the US company delivered almost 18 percent fewer … Read more
– Folk Tales in Shanghai After the latest revelations about human rights violations, the federal government will apparently no longer protect VW in China for investments. – (Photo: dpa) – – – – Frankfurt For the first time, the Federal Ministry of Economics has refused a German company investment guarantees for China in connection with … Read more
Düsseldorf Even if it’s cynical: wars and catastrophes are always expressed in cold numbers on the stock exchanges. It was the same after Putin’s attack on Ukraine. The German leading index Dax lost a good 15 percent after the Russian invasion. About three quarters of the losses have now been made up for, probably also … Read more
– Visa and Mastercard credit cards Because of the Russian invasion of Ukraine, the two credit card providers are suspending their business in Russia. – (Photo: dpa) – – – – Washington Because of the Russian invasion of Ukraine, the world’s two largest credit card providers, Visa and Mastercard, are suspending their business in Russia. … Read more
Exporthafen Hamburg The federal government is canceling the loan guarantees for exports to Russia. – (Photo: dpa) – – – – Düsseldorf The federal government is now making it considerably more difficult for German companies to do business with Russia, even if their products are not on the European sanctions list, such as microchips or … Read more