Business in Russia: the federal government removes Hermes guarantees

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

Why China has more to lose in the tech conflict with the US

Qingdao A recent study from China lists the country’s weaknesses in technological competition with the USA – and apparently aroused the displeasure of government agencies. The investigation, which was published in the Wechat app at the end of January, was “deleted by the author” four days later, according to the app without further explanation. However, … Read more

Chancellor and US President on Ukraine

– Washington According to US President Joe Biden, a Russian invasion of Ukraine would mean the end of the controversial German-Russian gas pipeline Nord Stream 2. At a joint press conference with German Chancellor Olaf Scholz at the White House on Monday, Biden said that in the event of a Russian invasion of Ukraine “there … Read more

The US is apparently talking to Japan and China about tapping oil reserves

– Oil production The US is apparently in talks about tapping oil reserves. – (Photo: dpa) – – – – Washington According to Reuters information, the US government has spoken to important other countries about tapping parts of their respective oil reserves. Such a coordinated move would aim to push oil prices down and stimulate … Read more

US Congress warns of “high risk for investors” in China

– Joe Biden At the beginning of the week, the US President and the Chinese head of state met for a virtual meeting. – (Photo: AP) – – – – Washington An important body of the US Congress is pushing for drastic measures against economic ties with China. In its annual report published on Wednesday, … Read more

France arrests British fishing boat

– It was only on Wednesday evening that the French government announced that from November 2nd, British fishing boats would no longer be allowed to moor in certain French ports. In addition, France will systematically check the safety of British boats in the future. Trucks driving from France to Great Britain or in the opposite … Read more

No chance for Britain to join the North American trade pact

– Boris Johnson The British government does not come up with free trade pacts as easily as it has thought. – Image: Reuters – Washington/London According to a foreign trade expert, Great Britain currently has little prospect of participating in large trade alliances. “Accession to the CPTPP trade pact of the Pacific countries and above … Read more

Entry ban makes Germans prisoners

New York, Washington Alexandra’s father has been in a German hospital for a long time after a serious operation. His daughter, who lives in the USA, cannot visit him. Because the German does not get an exception permit to then return to the United States. Alexandra * and her husband are stuck with their children. … Read more

By breaking off the negotiations, Switzerland is harming itself

– Nestle in Switzerland What threatens Switzerland is a gradual deterioration in the competitive conditions for Swiss companies, more bureaucratic effort and rising costs. – (Photo: dpa) – – – – With folkloristic benevolence one could speak of federal stubbornness, of a sympathetic unswervingness. From an economic point of view, the verdict is much more … Read more

Duty-free Australian lamb plans outraged British farmers

– The Financial Times reported that a bitter dispute was raging within the government. The responsible Environment Minister George Eustice warned on Tuesday on Sky News that a balance was necessary between commercial interests and the desire for free trade. The planned agreements are considered an important step – they would be the first free … Read more