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Stock markets – Dax slightly in the red – US data weigh something – economy

by Chief editor of world-today-news.com December 23, 2022
written by Chief editor of world-today-news.com

Frankfurt am Main (dpa) – At the end of a volatile week, US economic data dampened investor sentiment somewhat. With light trading volume, the Dax managed to stabilize overall after a weak previous day, although it turned negative again in the afternoon and fell slightly. However, the main German index remained close to the important 14,000 mark. More recently, it was down slightly at 13,903 points.

The MDax of midsize companies rose 0.66% to 25,271.06 points. The leading Eurozone index EuroStoxx 50 fell by 0.21%.

On the corporate side, the bargain hunters grabbed the year’s big losers. Dialysis supplier Fresenius Medical Care (FMC), automotive supplier and tire maker Continental, and laboratory supplier Sartorius were in particular demand with premiums of up to two percent.

Online fashion retailer Zalando’s newspapers lead the main index with an increase of more than three percent. However, the price has lost nearly 54 percent this year, more than any other share in the Dax. At the end of the Dax there were mainly defensive stocks: Deutsche Börse, Deutsche Telekom and reinsurers, but losses were limited to 0.8%.

In the afternoon, the Euro held its position at $1.0612, above the recently much noticed $1.06 handle. The European Central Bank set its key rate at $1.0633 on Thursday.

On the bond market, the current yield rose from 2.30% the previous day to 2.36%. The Rex pension index fell 0.28% to 126.15 points. The Bund future lost 0.29% to 134.98 points.

© dpa-infocom, dpa:221222-99-990124/13

December 23, 2022 0 comments
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World

Extreme US Weather: “Drive Now. It’s No Joke” – Panorama

by Chief editor of world-today-news.com December 23, 2022
written by Chief editor of world-today-news.com

US President Joe Biden has urged Americans with holiday weekend travel plans to “go now” to avoid being stranded — or worse — by a massive winter storm that will hit much of the central US. Due to a monstrous winter storm, US weather experts are talking about it bomb cyclone (German: “Bomben-Zyklone” or “Bombbogenese”), is currently covering much of the central US region with snow and freezing temperatures.

In the states of Montana, South Dakota and Wyoming, National Weather Service, the national weather service, has already measured values ​​around minus 45 degrees Celsius. In the state of Kansas, three people died in car crashes as a result of the severe winter storm. Extreme weather conditions are making highways impassable and forcing airlines to cancel thousands of flights, even as the holiday travel season is at its peak.

“If you have all your travel plans, go now. It’s no joke,” Biden said Thursday at the White House, where he was briefed on the extreme winter weather by advisers. Travelers should still have enough time and hopefully anticipate the peak of the extreme weather. “I tell my staff that if they have plans they should leave tonight or tomorrow. You can talk to me on the phone, it’s not a matter of life and death. But it will be if they don’t leave.” According to American Automobile Association (AAA) has estimated that nearly 113 million people will travel at least 50 miles (about 80 kilometers) by January 2.

More than 3,600 flights have already been cancelled

The storm, which brings snow and dangerously low temperatures, has already disrupted American travel plans ahead of Christmas. More than 3,600 flights have already been canceled in the United States, most of them in Chicago and Denver on Thursday, according to airline monitoring service FlightAware. Heading east, the storm will also impact New York’s LaGuardia Airport, where 191 Friday flights have already been canceled. Several airlines have waived fees for those wishing to rebook. Amtrak also canceled some trains in the Midwest and northern New England.

Millions of Americans travel during the Christmas season, but extreme weather conditions are currently causing many flights to be cancelled.

(Photo: Nam Y. Huh/AP)

The Arctic front is remarkable for its size. Snow, blizzard, freeze and flood warnings are currently extending from Washington state to Maine and down to the Gulf of Mexico. Freezing temperatures extend to south Texas, where the temperature is expected to drop to minus 12 degrees Celsius for Dallas Thursday night. “It’s a very impressive system,” said Ashton Robinson Cook, a meteorologist at the US Weather Prediction Center. “It’s something that only happens every decade or two.”

The cold has swept across the Midwest and Texas plains and is likely to set nearly 80 nationwide records, mostly in daily lows, according to Marc Chenard, a weather forecaster at the Weather Prediction Center. In some places, wind chill, the perceived coldness of the wind, could rise to minus 65 degrees Celsius, which can be deadly to people and animals.

Western Canada is also getting extremely cold

According to the data of Environment and climate change Canada There is also an extreme cold warning for Western Canada. Across the country, winter storm warnings were issued in Ontario, Quebec, and the Maritime provinces. In Toronto, the country’s most populous city, forecasters are warning of severe frosts, high winds and up to 15 inches of snow by Saturday morning.

US President Joe Biden has warned people to take the storm “extremely seriously”. “It’s dangerous and threatening. This is a really, really serious time,” he said. Informed by Ken Graham, director of the National Weather Service, and Deanne Criswell, head of the Federal Emergency Management Agency, Biden said his team is ready to help and has contacted the governors of the interested states. “I urge everyone to heed local warnings. So far we have tried to contact 26 governors in the affected regions,” he said. “It’s not like a snow day when you’re a kid. This is serious stuff.”

December 23, 2022 0 comments
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Business

Schufa proposal causes skepticism – economy

by Chief editor of world-today-news.com December 22, 2022
written by Chief editor of world-today-news.com

Schufa’s proposal to use account data to specifically support people in financial difficulty with interest-free loans has drawn criticism from the parties. “I am skeptical that borrowing through the proposed loan will provide the necessary support and security in the current crisis,” said Martin Rosemann, social policy spokesman for the SPD parliamentary group, on Thursday.

Rosemann referred to measures that the federal government has already enacted, such as gas and electricity price brakes or housing allowances, which will be significantly expanded in the coming year. “It’s important that complaints are known and procedures are in place for support to arrive.”

Andreas Audretsch, deputy chairman of the Greens in the Bundestag, said that cooperation with the credit agency is not necessary to support people. “Forcing people in difficult situations to give Schufa access to their accounts is an absurd idea. People need security right now, not the replication of a private rating platform,” said Audretsch.

Schufa head Tanja Birkholz had suggested in an interview with SZ that the credit agency, together with the financial start-up Bonify, offer a hardship certificate with which people in payment difficulties could prove “unbureaucratically and digital” that it needs help from the government. They could then receive a government loan, comparable to the Bafög student loan. To do this, the Schufa subsidiary would have to take a one-time look at their respective bank accounts to see how energy costs would have developed against net income and other variables.

“But we have to get to the root of the pricing problem. Loans will not solve the problem.”

The federal government’s aid packages have repeatedly been criticized for also benefiting people who don’t need the money and because the procedure is too long and complex.

However, the Union also considers it wrong to distribute the money with the help of the Schufa. He shares the Schufa head’s assessment that many people have only limited reserves. “But we have to get to the root of the price problem. Loans don’t solve the problem,” said Stephan Stracke, the Union faction’s social policy spokesman in the Bundestag.

First and foremost, the federal government is expected to receive targeted aid and relief along the way. Interest-free loans should only be a last resort. “I’m skeptical that Schufa and its subsidiaries would be the right institution for the job,” Stracke said. Schufa should continue to give objective ratings on creditworthiness. People’s misery should not “become a business model”.

December 22, 2022 0 comments
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News

Donald Trump challenges the abuse law

by Chief editor of world-today-news.com December 22, 2022
written by Chief editor of world-today-news.com

One author accuses the former president of raping her in the 1990s. He relies on a law that waives the statute of limitations for sexual assault claims.

Donald Trump is reportedly planning to challenge a New York law that allows people to sue over alleged sexual abuse decades ago as unconstitutional. This was announced on Wednesday by a lawyer for the former US president at a hearing before a federal court in Manhattan.

Trump is currently publishing the new self Adult Survivors Act lawsuit, which passed in the wake of the “Me Too” movement and lifts the statute of limitations for sexual assault lawsuits. New York author E. Jean Carroll accused the Republican of raping her in a New York department store in the mid-1990s. She is now seeking compensation for personal injury and damage to her reputation. Trump has repeatedly denied their allegations.

The challenge will be included in a motion to dismiss Carroll’s lawsuit, Trump’s attorney said. It would be one of the first constitutional challenges to the new law, which went into effect Nov. 24, the same day Carroll filed his lawsuit.

December 22, 2022 0 comments
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News

Traffic – Offenbach am Main – smooth roads in the northeast: relatively quiet location – economy

by Chief editor of world-today-news.com December 19, 2022
written by Chief editor of world-today-news.com

Schwerin/Rostock/Neubrandenburg (dpa/mv) – Despite the clear ice warning of the German Weather Service (DWD), the consequences in the northeast were limited on Monday. According to the police, 13 accidents related to icy roads have occurred in the Ludwigslust-Parchim district. “Apart from a cyclist who suffered minor injuries in a fall in Wöbbelin, the cases only involved property damage,” said the responsible police inspector. The suspicion of a more serious injury to the driver after a traffic accident has not been confirmed, a spokesman for the Ludwigslust authorities said.

Overall, the slippery weather was more evident in the western part of the country than in the eastern part, where rain started falling in the afternoon. The police headquarters in Rostock, which is responsible for the western part of Mecklenburg-Western Pomerania, has recorded 25 ice-related traffic accidents. It was mostly left with sheet metal damage. In accidents in the areas of Rostock, Brüel and Groß Laasch, four vehicle occupants were slightly injured. According to a spokesman for the Neubrandenburg police headquarters, no major slippery incidents have been reported in its area of ​​responsibility as of the evening.

Some public facilities such as the animal park in Güstrow, the zoos in Schwerin and Rostock and several Christmas markets had closed their doors as a precaution. In schools, the Ministry of Education had eased compulsory schooling: “If tutors don’t send students to school for this reason, absence from lessons cannot be considered unjustified,” we read. Adult students could make their own decisions.

The weather service had warned of the storm “Franziska” for all of northern Germany: “The alarm bells are ringing for the meteorologists, because then the rain falls on frozen ground and it is about smoothness and frost,” explained the meteorologist Karsten Zucca. It was especially slippery on the side streets and sidewalks, where, unlike the main roads, road salt had only rarely been applied in the previous days.

There was a partial all-clear on Monday afternoon: “In the course of the afternoon in the western part of the country, in the evening also in Western Pomerania, there was a beginning of mitigation and the danger of black ice gradually decreased,” he said the DWD website. On Tuesday night, however, there may still be local ice in Western Pomerania.

The shipping company Hiddensee has announced that the ports of Neuendorf and Kloster cannot be docked for the moment due to the current weather conditions. The motor ferry “Vitte” will operate again according to the timetable between Schaprode and Vitte.

© dpa-infocom, dpa:221219-99-958833/4

December 19, 2022 0 comments
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News

Weather – Offenbach am Main – Sunny and freezing temperatures at the weekend in NRW – Panorama

by Chief editor of world-today-news.com December 16, 2022
written by Chief editor of world-today-news.com

Essen (dpa / lnw) – The weekend remains freezing in North Rhine-Westphalia. In addition, winter sunshine is to be expected, a meteorologist at the German Weather Service (DWD) said in Essen on Friday.

Saturday morning was initially misty and cloudy and “uncomfortably cold” with temperatures sometimes below minus ten degrees. After that it was clear to sunny and dry. In Cologne, Düsseldorf and the Ruhr area it can sometimes be above freezing, otherwise there is permafrost, according to the expert. Icy roads and frost also made the road slippery.

According to information, Sunday night will be clear and the maximum temperatures locally will drop to minus twelve degrees. The day starts again with sunshine, before the clouds appear over the west. Starting in the evening, the freezing rain will finally arrive, which will last until Monday.

Earlier in the week, the DWD warns of an increased risk of ice. But then it will be much milder, with a maximum of six to ten degrees.

© dpa-infocom, dpa:221216-99-921480/2

December 16, 2022 0 comments
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