DJ WEEKEND OVERVIEW Company / 5. and December 6, 2020
The most important events and reports from the Dow Jones Newswires weekend program.
November aid will not be paid out before January – image
According to a newspaper report, the disbursement of state bridging aid to the economy will be delayed until January 2021. The reason for this is that the software tool for processing applications has not yet been completed, reported the Bild newspaper, citing a response from the federal government to a Request from the FDP parliamentary group. “The schedule currently agreed with the service provider stipulates that processing of the application can begin in December if possible and payments can be made in January,” the newspaper quoted from the response.
Ryanair sues against state aid for Lufthansa and Condor
The Irish low-cost airline Ryanair is suing the EU Court of Justice against state corona aid for airlines. The procedures also include support for Lufthansa and Condor, as well as a loan for the Austrian Lufthansa subsidiary Austrian Airlines. Ryanair confirmed this to Wirtschaftswoche. “We filed an appeal in November against the government guarantee loans for Condor,” explained Ryanair. “We are currently preparing proceedings against the aid for Lufthansa.”
VW boss Diess expects robot cars to be ready for the market from 2025
Volkswagen boss Herbert Diess expects autonomous cars to be ready for the market in just a few years. “I expect that there will be market-ready, autonomously driving cars between 2025 and 2030,” he said in an interview with Wirtschaftswoche. The reason for this is that the required computer chips “double their performance every 18 months”.
Savings banks are seeing rapid growth in Apple Pay users
Since Sparkasse girocards can also be used for Apple Pay, the number of users of this contactless payment method by mobile phone in Germany has increased significantly. “The savings banks will have over 1.5 million Apple Pay users in December, which is three times more than in August,” said Apple Pay boss Jennifer Bailey in an interview with Welt am Sonntag. This is the first time the company has given concrete figures.
USA calls for moratorium on Nord Stream 2
The Berlin US embassy has called on the federal government to temporarily halt construction work on the controversial Nord Stream 2 Baltic Sea pipeline. “Now is the time for Germany and the EU to impose a moratorium on the construction of the pipeline,” said the acting US ambassador, Robin Quinville, the Handelsblatt. This would send a clear signal that Europe “will no longer accept Russia’s continued malicious behavior”.
US government and Tiktok continue without agreement – AFP
The US government and the video platform Tiktok were unable to agree on the future of the app in the US on Friday evening a few hours before a deadline. As it was said from informed circles, the talks should continue. The approximately 100 million US users should therefore initially be able to continue using the short video platform of the Chinese group Bytedance in the USA.
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DJG / DJN / AFP / apo
(END) Dow Jones Newswires
December 06, 2020 11:30 ET (16:30 GMT)
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