HANNOVER (dpa-AFX) – Despite the violent upheavals caused by the coronavirus pandemic, the insurance company Talanx is sticking to its profit target for 2020. “We don’t know how long the crisis will last, how profound the effects will be, and how deep a recession will be,” said CEO Torsten Leue on Monday when he presented … Read more
The fear barometer of the German stock exchange, the VDAX, reached with 75 points a higher level than at the time of the dotcom crash and the financial crisis 2008. At the same time the gold price also fell by five percent. And even the government bonds, which are considered to be safe, recorded price … Read more
The pharmaceutical company Roche has received emergency approval for a test for the detection of the novel coronavirus (Sars-CoV-2) in the USA. The US health agency FDA has temporarily approved the test in an emergency determination, Roche Holding AG said. A test system could deliver results of up to 4,128 samples within 24 hours. The … Read more
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The whole history of mankind is life side by side with bacteria, parasites and viruses. They cause infectious diseases, that is, transmitted through various kinds of contacts: through the blood, as HIV, hepatitis B and C, with insect bites like malaria, by airborne droplets like flu, tuberculosis and measles. Since the end of last year, … Read more
Frankfurt Was that it? Many investors ask themselves this question after the nerve-wracking past two weeks. After the corona panic cost the Dax at the end of February 12 percent in value, it went down further in the first week of March. On a weekly basis, the Dax lost another 2.9 percent. In the meantime … Read more
UBS and Credit Suisse shares are being sold off in the wake of the corona crisis. On Friday, both titles fell below the CHF 10 mark. The shares of the two major Swiss banks UBS and Credit Suisse (CS) cost practically the same on Friday morning: UBS was trading at CHF 9.90 at around 10 … Read more
The head of the troubled US motorcycle icon Harley-Davidson, Matt Levatich, takes off his hat. – As the successor, the company first appointed the former boss of the German sporting goods manufacturer PUMA, Jochen Zeitz, on Friday after the US stock market closed. Zeitz has been on Harley-Davidson’s board of directors since 2007. However, he … Read more
The announcement comes as a surprise, as Tesla boss Elon Musk said two weeks ago that he didn’t need any additional capital. Obviously, he now wants to benefit from the sharply higher share price. That allows him to get cheap capital. Elon Musk and his board member Larry Ellison also want to buy new shares … Read more
The temporary suspension of employment of the journalist Felicia Sonmez, of The Washington Post, after some tweets published after the death of NBA star Kobe Bryant, has caused protests in the writing of the prestigious newspaper. The newspaper’s management has informed EL PAÍS that, after reviewing the case, the journalist will continue in her job. … Read more