Allianz expects growth to be significantly lower in 2020.

In many places, nothing remains but destruction on their way there. While large parts of Saxony-Anhalt are inundated with the brown, earthy water, Brandenburg and Schleswig-Holstein are arming themselves against the flood. Thousands are on the run and are worried about the next few hours.

Meanwhile, Federal Environment Minister Altmaier relies on expropriations if necessary in order to expand flood protection. Just in time for the election year, the FDP rediscovered its favorite topic: relief for the population. She also calls for the solidarity surcharge to be abolished. But several politicians from the new federal states argue against it.

After all, there is no scope for tax cuts. “Spahn’s idea would also centralize the inventory of protective masks across Europe and prevent bottlenecks. (Photo: dpa) Jens Spahn is striving for globally linked structures in the health care system in order to be better prepared for future virus outbreaks – a kind of” “Health NATO” “. He already has an idea for a European form of the Robert Koch Institute. Health Minister Jens Spahn proposes a European alliance for mutual support in the event of a pandemic and other health crises. The new alliance could be a kind of” ” “Health NATO”, said the CDU politician of the “Rheinische Post” “. In order to be able to act quickly if a virus breaks out in a member state, joint structures are needed that can access experts, doctors and resources You don’t have to set up national reserves with protective masks 27 times, but can build up a European reserve because of the scarcity and d The EU Commission announced in March that protective clothing and masks would become more expensive during the Corona crisis that it would establish such a strategic reserve for all EU states. Specifically, the way it works is that the EU finances the purchase in full, but individual EU states Take over purchase and storage.

European civil protection is also to be expanded drastically and in the future it will also have its own aircraft, helicopters and field hospitals. The budget for the RescEU program is to be increased by two billion euros, as the responsible EU Commissioner Janez Lenarcic said at the beginning of June. In addition, Spahn, in his own words, would like to expand the European health authority ECDC into a kind of European Robert Koch Institute. “” All of that “” will also be discussed in the course of the German EU Council Presidency, which begins in July. Basically, Spahn demanded: “” As Europe, we have to trust ourselves more and more. Especially in an increasingly bipolar world situation, which is determined by China and the USA. “” Defining Europe as a protection and innovation community for the 1920s is what matters.

The right degree of globalization is also important.biology essay service company “When it comes to protective masks and drugs, we shouldn’t be so dependent on the world market.” “Spahn once again expressed concern about images of crowded crowds in the park or at demonstrations. “” We have achieved a lot together. Now, through our behavior, it is in our own hands whether we Germans have the most difficult part of the pandemic behind us. “” The coronavirus is still there, he warned. “” We see that wherever it is made too easy for the virus, for example when partying like in Göttingen or Leer. Then it quickly comes to large and dangerous outbreaks. “” Source: ntv.de, mba / dpa “The title” “Station of the Year” “is awarded this year by the non-profit transport alliance Allianz pro Schiene to the Bavarian pilgrimage site Altötting. (Photo: picture alliance / dpa) A “” role model for all train stations in Germany “” is in Altötting, enthuses the transport alliance Allianz pro Schiene – and awards the title “” Station of the Year “” to the place of pilgrimage. A small train station in Thuringia also impressed the jurors The prize for the best train station in the country this year goes to Altötting: A jury of experts commissioned by the transport alliance Allianz pro Schiene awarded the Bavarian pilgrimage site the title “Train Station of the Year”.

As the association announced, the regional train station scored particularly well with its service for cyclists. The jury was also impressed by the “” combination of tradition with a historic building and modernity with contemporary mobility options “” “This is how we imagine a train station in rural areas”, explained association manager Dirk Flege. “The offer for cyclists is a model for all train stations in Germany and for a train station of this size almost unique in Germany.” “Altötting has covered bicycle parking spaces, charging stations, a repair station and a changing room for drivers. The town of Altötting has its train station “Restored carefully and with consideration for the preservation of historical monuments”, is the jury’s statement. The committee also praised the connection to bus lines and car sharing, and this year the jury awarded its special prize to Rottenbach in Thuringia: According to the Pro Schiene Alliance, citizens are campaigning for the maintenance and renovation of the station. Accordingly, they founded a farm shop inside and made the building the “” contact point in the center of their village “”. “” Altötting and Rottenbach ensure that well-made train stations also inspire their customers in rural areas and enrich train travel with a high quality of stay can “” explained Flege. Allianz pro Schiene has chosen the “” Station of the Year “” since 2004.

Last year, Bad Bentheim and Cuxhaven in Lower Saxony won. Source: ntv.de, ter / AFP “The gross financial assets rose by almost ten percent worldwide. (Photo: imago images / Eibner Europe) The global financial assets rose last year. And According to Allianz, the development should have continued this year. The reason is the policy of the central banks, which is pushing the stock markets. But the experts warn of the sweet poison. According to a study, global financial assets are before the Corona crisis because of higher share prices more than it has in years. “” Given that 2019 was marked by social unrest, escalating trade conflicts and an industrial recession, this performance is more than astonishing, “” Allianz wrote in its Global Wealth Report.

In Germany, too, assets rose at a record pace – but so did liabilities. The year “” was a record year for which savers can thank the central banks, “” said Allianz chief economist Ludovic Subran. As Allianz announced in its Global Wealth Report, the gross financial assets of German households rose by 7.2 percent last year. Although this was the strongest increase since the turn of the century, it was below the Western European average of 7.6 percent.

Worldwide, gross financial assets even increased by 9.7 percent. The flooding of the financial markets with cheap money by the central banks alone resulted in a 25 percent increase in the equity markets, a story that could repeat itself in 2020. Because of the Corona recession, central banks and tax authorities around the world launched unprecedented monetary and fiscal aid packages, shielding households and their financial assets from the consequences of a world in disarray, according to Allianz. It is therefore very likely that the financial assets of private households will end in positive territory in the pandemic year 2020. “” At the moment, monetary policy has virtually immunized assets against Corona, “said Allianz chief economist Ludovic Subran. “” But we shouldn’t kid ourselves. Zero and negative interest rates are a sweet poison.

They undermine wealth accumulation and exacerbate social inequality, as wealthy owners can reap huge profits. “” That is not sustainable. When it came to its survey, Allianz also identified a change in the savings behavior of Germans. “While bank deposits remain by far the most popular savings product, German households are beginning to turn to riskier investments such as listed stocks and investment funds,” the report said. While other Europeans have consistently reduced their market risk by selling securities since the financial crisis, German savers have increased their investments in this regard and invested around 20 percent of their fresh savings in securities over the past three years. “” A look at the division between domestic and foreign listed shares is even more revealing: 54 percent of the share purchases made by German savers since 2013 have been foreign shares. Their share of the total share ownership has increased from 25 percent at the end of 2013 to 38 percent last year, “” Allianz calculates.

In Germany, however, liabilities rose parallel to assets and reached a record. Over the year, they increased by 4.6 percent. According to the study, with net financial assets per capita of EUR 57,100, Germany remained in 18th place in the ranking of the 20 richest countries. Allianz expects growth in 2020 to be significantly lower. The USA is in first place with a per capita wealth of almost 210,000 euros, followed by Switzerland with a good 195,000 euros and Singapore with almost 117,000 euros Wounds from the corona crisis.

In the third quarter, the virus pandemic added only 100 million euros in additional charges, so that Germany’s largest insurance group had to accept a decline in operating profit of three percent to 2.9 (2019: 3.0) billion euros. The alliance is proving its resilience, said CEO Oliver Bäte. “We are therefore confident that we will be able to cope with the Covid 19 crisis well and at the same time build an even stronger alliance.” “Bäte still did not dare to make a profit forecast for the current year. Analysts have so far trusted the alliance with an operating profit of a good ten billion Euros to. That would be almost two billion less than in the previous year before the crisis.

Source: ntv.de “News and information at a glance. Collection of articles by n-tv.de on the topic of alliance Since the inglorious departure of its founder and over-father Carlos Ghosn, the alliance of the car manufacturers Renault, Nissan and Mitsubishi has been in crisis. With a new one Strategy should now remove all doubts about their future and save enormous costs. The Corona crisis is accelerating structural change in the global automotive industry: The profits of many corporations are collapsing. Far-reaching restructuring threatens – including job cuts.

It’s about bare survival. Renault, Nissan and Mitsubishi know that. The stock exchanges are now making up for many of the losses incurred in the corona crisis. But that’s over for now, say experts. Fears of a second wave of infections and the tense relationship between Washington and Beijing indicate a turbulent week on the markets.

A global alliance is raising 7.4 billion euros to advance the development of a vaccine against the coronavirus. Russia is staying out of it, the US is going it alone. Meanwhile, the biggest pharmaceutical hopefuls are forging their own alliances. Because of the Corona crisis, the financial markets have crashed and many different damages have to be compensated.

That is why Allianz expects the first profit decline in nine years. The group had previously assumed a record year for 2020. Global warming? Climate catastrophe? Wasn’t there something else?

In the corona crisis, the topic of climate protection seems almost forgotten. Dozens of companies from all industries are now in favor of paying attention to this in economic stimulus programs because of the Corona crisis. “Heavy burden on the German labor market. (Photo: Felix Kästle / dpa / Symbolbild) Shops are open, people are back in cafes and go on vacation: There are first signs of overcoming the Corona crisis. But the German labor market is going downhill for now. The economists of leading German financial institutions expect unemployment to continue to rise in Germany in the wake of the Corona crisis The number of unemployed is likely to rise in the next few months, because there will be more layoffs and companies are hiring less, “said Fritzi Köhler-Geib, chief economist at the state development bank KfW.” “It will depend on this in the coming months to ensure that unemployment does not harden and lead to permanent disadvantages, “” she stressed.

This applies above all to young people without a vocational qualification. In the Corona crisis, training becomes a challenge because of economic problems, but also because of the practical requirements of social distancing. Katharina Utermöhl, an economist at the Allianz Group, is also assuming rising unemployment. “” In the end, many companies will not be able to avoid capacity adjustments, i.e. job cancellations or even bankruptcy, “” she said. “Therefore, around one in five short-time workers in Germany continues to have an increased risk of slipping into unemployment.” “According to Allianz calculations, the number of bankruptcies in Germany will be twelve percent by the end of 2021, mainly because of the Corona crisis Increase at the end of 2019. Utermöhl expects a wave from the end of the year when the suspension of the obligation to file for insolvency ends in the fourth quarter. “” If you can get around bankruptcies, capacities will be reduced. “” She therefore suggested help in hiring new staff and cited the hiring bonus practiced in Austria as an example. Marc Schattenberg of Deutsche Bank sees no reason to, despite the improvement in the economy All clear. A minus of nine percent in economic output can still be expected for 2020.

The export-oriented sectors, such as mechanical engineering and the vehicle industry, continue to have a difficult time – while the economy is already running again in Asia, the question marks have not diminished in the USA, for example. Schattenberg expects almost three million unemployed in June – an increase of around 180,000 compared to the previous month. The number of short-time workers will be around eight million at the end of May. This puts Deutsche Bank slightly above Allianz’s forecast, which expects 2.869 million unemployed in Germany. This would be the highest level since 2013. Source: ntv.de, wne / dpa “A clear sign: From now on there are no more doubts about the future of the Franco-Japanese alliance, says Renault boss Senard. (Photo: REUTERS) Since then Inglorious departure of its founder and over-father Carlos Ghosn, the alliance of the car manufacturers Renault, Nissan and Mitsubishi is in serious crisis.

With a new strategy, all doubts about their future should now be eliminated and enormous costs saved. “If there were any doubts about the market” “about the future of the auto alliance, said Renault boss Jean-Dominique Senard,” “that’s over now” “.