German Finance – Kafkas Diasporasi Mon, 17 Jan 2022 12:28:00 +0000 en-US hourly 1 German Finance – Kafkas Diasporasi 32 32 Leftists Scholz and Sanchez try to coordinate on budgets and migration Mon, 17 Jan 2022 12:28:00 +0000

MADRID/BERLIN, Jan 17 (Reuters) – German Chancellor Olaf Scholz and Spanish Prime Minister Pedro Sanchez will seek consensus at talks in Madrid on Monday on more leftist policies for Europe in areas ranging from fiscal policy to the migration.

The visit of Scholz, who took over from Conservative Chancellor Angela Merkel last month, is raising high expectations from Sanchez, with sources saying he sees the trip as a step in rebuilding the Madrid-Berlin axis .

“We got on well with Merkel’s government, but Scholz belongs to our social democratic family. There is more of an ideological adjustment,” a senior Spanish government official told Reuters.

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Achim Post, general secretary of the Socialist bloc in the European Parliament and a prominent member of the Scholz Social Democrats in Germany, noted that left-wing parties now rule Spain, Portugal, Germany and the Nordic countries.

He said he hoped Scholz and Sanchez, who are due to hold a press conference at 3:00 p.m. GMT, would seize the moment by pushing policies such as a fairer distribution of refugees among European Union countries.

“The fact that the Spanish and German governments are now both led by social democrats opens up new prospects for jointly strengthening cohesion and progress in Europe,” Post told Reuters.

Spain’s socialists, the PSOE, followed Scholz’s negotiations in November to form a coalition government with trepidation, fearing too many concessions to the liberals.

The emerging “traffic light” coalition with the Greens and the Liberal Democrats has reassured Europe’s social democratic family, however, a social democratic MEP told Reuters.

“Scholz’s and Sanchez’s positions won’t be exactly the same, but they won’t be contradictory either,” he said.


During the debt crisis of 2010, Germany was seen in Spain as one of the main members of the “frugals” of northern Europe who imposed financial restrictions and looked down on the “spendthrift” southern neighbors.

The Sanchez government sees Scholz’s visit as a start to breaking up these two blocs, the senior Spanish government official said.

“We will not abandon our agreements with Paris and Rome, which continue to be key partners,” he said, adding that a shared ideological position could allow Spain to bring Germany back into its way of thinking.

EU finance ministers will meet today to discuss returning to the stability pact suspended during the pandemic.

Madrid hopes to convince Berlin to back a set of looser fiscal rules for the eurozone also backed by France and Italy, setting GDP at more “realistic” debt reduction targets and slowing the reduction of the deficit.

The latest data shows that the eurozone average is close to 100% of GDP in debt, from Greece with a ratio of 207% to Estonia with 19%. Spain is at 122% and Germany at almost 70%.

“We need a new credible rule. Most major eurozone countries cannot meet the 60% target,” the Spanish source said.

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Reporting by Andreas Rinke and Belen Carreno, writing by Emma Thomasson, editing by Aislinn Laing and Ed Osmond

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German economists propose a public inheritance of 20,000 euros for 18-year-olds Sat, 15 Jan 2022 04:08:17 +0000

Researchers at the German Institute for Economic Research (DIW) have put forward the idea of ​​instituting a universal basic inheritance, which would see citizens receive 20,000 euros at the age of 18, to help overcome inequalities in wealth in the country.

DIW suggests introducing Universal Basic Inheritance

Could German children soon receive the best present on their 18th birthday? In December, the German Institute for Economic Research proposed to introduce a universal base inheritance (Grunderbe), a program under which 20,000 euros would be paid to each German resident when they reached adulthood, to combat wealth inequality in Germany.

Beneficiaries would be free to do whatever they want with the money, whether it’s furthering their education, buying a home or starting a business. Recipients could save or invest the money, or just spend it as they see fit.

The inheritance would be financed by wealth tax

DIW tax expert Stefan Bach estimated that, based on 750,000 residents turning 18 each year, the state succession regime would cost the German government around €22.6 billion per year. “If we really want to create prosperity for everyone for the foreseeable future, we must reduce the high level of wealth inequality through redistribution,” Bach wrote in his proposal.

The universal basic inheritance would be financed by taxation, in particular inheritance taxes and taxes on large fortunes. The government could also introduce property tax reforms to finance it, and taxes on extremely high wage earners.

The German government should not raise taxes

The state inheritance proposals follow growing concerns over the distribution of wealth in Germany. The richest 10% own 67% of all private wealth in Germany, with the richest 1% owning 35%. On the other hand, the bottom half of the country’s earners own only 1.3% of all private wealth.

Bach said simulations revealed universal basic inheritance would lead to a 5-7% drop in the Gini coefficient, a value used to represent wealth or income inequality within a nation. It would also increase the wealth of the lowest earners by 59-94%.

However, the scheme is unlikely to be implemented by the current German government, which has excluded tax increases from its coalition agreement. There is also strong resistance from those who would have to pay the wealth taxes intended to fund the scheme.

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Germany bottleneck blues stifle economic recovery Business & Finance Fri, 14 Jan 2022 05:11:58 +0000

FRANKFURT: Germany’s statistics agency will release its estimates of the country’s economic growth in 2021 on Friday, a year that started with high hopes but has been beset by supply problems and new virus restrictions.

Europe’s largest economy is estimated to have grown around 2.6% last year, according to the latest government forecast, a significant improvement on 2020, when the outbreak of the coronavirus pandemic l plunged 4.9%.

But in October 2020, officials expected Europe’s electric power to return in the coming year with 4.4% growth.

Estimates have been gradually revised downwards as supply shortages have hampered industry and new health restrictions to combat new waves of the virus have clouded the economic mood.

Germany does not rule out Telegram shutdown

“Overall, 2021 has been a big economic disappointment for Germany,” said Carsten Brzeski, head of macroeconomics at ING.

“Despite the significant fiscal stimulus granted by all European countries, Germany is not emerging from the pandemic stronger or faster than anyone else, but rather as one of the last,” Brzeski said.

The economic boost promised by then-Finance Minister Olaf Scholz in 2020 has become a “bust”, Brzeski said.

A year later, Scholz, now chancellor after his Social Democrats topped the polls in September’s general election, faces the same challenges to revive the economy.

No “post-virus boom”

Attempts to manage the spread of the coronavirus have ended a year in which businesses struggled to get started.

Under the weight of new health restrictions introduced to cope with the increase in the number of cases, the economy was flirting with a fourth quarter of flat or negative growth in 2021.

The pandemic has also caused disruptions in global supply chains, leading to shortages of raw materials and components that have plagued the industry month after month.

German manufacturers, with their extensive network of suppliers and reliance on exports, have been particularly hard hit by the widespread shortages.

The country’s flagship automakers have been forced to halt production at their factories to manage a shortage of chips, a key component in conventional and electric vehicles.

A total of 2.62 million cars were sold in Germany last year, according to the federal transport authority, down 10.1% from 2020, a year in which the industry had already seen its numbers plummet due to the pandemic.

“Despite full order books, the lack of chips, components and raw materials will continue to affect production for a long time,” the head of the influential industry lobby BDI, Siegfried Russwurm, said Thursday during a meeting. ‘a press conference.

“The hoped-for post-corona boom is not happening,” he said, with Germany’s gross domestic product (GDP) still struggling to reach its pre-crisis level of February 2020.

New start

Despite continuing bottlenecks, the pandemic and other issues, including a sharp rise in energy prices, the business lobby has set a growth target of 3.5% for the new year.

It could also be “the most dynamic year for the economy since 2010”, Russwurm said, provided politicians “set the right priorities” to strengthen the economy.

On Tuesday, Robert Habeck, who holds an outstanding portfolio as combined economy and climate minister, announced a series of measures to accelerate Germany’s transition to a carbon-neutral economy and major investments in projects renewable energy.

Habeck said climate protection would spur innovation “in a way we haven’t seen in this country for a long time… We’re going to renew our industries, which means creating value and creating jobs.”

The government is setting aside about 60 billion euros ($69 billion) remaining from the fight against the pandemic to fund its green ambitions.

“The positive thing is it can only get better from here,” ING’s Brzeski said.

“As soon as Omicron passes and the supply chain issues are resolved, Germany will once again become the powerhouse of the European economy,” he said.

Greenrise Global’s medical cannabis subsidiary AMP Alternative Medical Products GmbH announces the start of sales of Dronabinol in Germany Wed, 12 Jan 2022 08:05:00 +0000

Logo of Greenrise Global Brands Inc. (CNW Group / Greenrise Global Brands Inc.)

HAMBURG and BENSHEIM, Germany, January 12, 2022 / CNW / – Greenrise Global Brands Inc. (Frankfurt: C4T) (ISIN: CA39540L1085) (CSE: XCX) (“Greenrise Global”), a distributor of CBD medical cannabis and wellness products in Germany, announces that its wholly owned subsidiary, AMP Alternative Medical Products GmbH (“AMP”) and Eurox Pharma GmbH (“Eurox”), one of the Europe leading medical cannabis companies, the start of sales of Dronabinol produced in Germany by Eurox.

Logo AMP Alternative Medical Products GmbH (CNW Group / Greenrise Global Brands Inc.)

Logo AMP Alternative Medical Products GmbH (CNW Group / Greenrise Global Brands Inc.)

Logo Eurox Pharma GmbH (CNW Group / Greenrise Global Brands Inc.)

Logo Eurox Pharma GmbH (CNW Group / Greenrise Global Brands Inc.)

Dronabinol is pure tetrahydrocannabinol (THC) and is registered as an active pharmaceutical ingredient (API) and has been registered for sale with the relevant authorities in Germany. Doctors and pharmacists can find more information about the product or order on the AMP website:

AMP and Eurox have entered into a non-exclusive agreement for the marketing and distribution of Dronabinol intended for sale in pharmacies from February 2022. With a view to starting marketing in pharmacies, AMP trained its national sales team on the benefits of Dronabinol for patients to doctors and preparation methods for pharmacists.

Eurox was one of the first medical cannabis companies to produce Dronabinol manufactured in Germany to one of Europe the largest GMP installations located in Hesse, Germany and controls the entire supply chain from cultivation, production to distribution ensuring a stable and efficient supply to its customers.

Neil smith, the president of Eurox declared: “If you believe in ‘Made in Germany‘, then it means Eurox. AMP’s focus on German patient service and national sales coverage make it an ideal partner for us. “

Dr. Stefan Feuerstein, President and CEO of Greenrise Global and CEO of AMP, “The German market turns to pharmaceuticals as health authorities strengthen their regulatory oversight to ensure patient safety. Dronabinol is a well established product in Germany, and we expect it to be one of our best-selling products this year. “

About Eurox Pharma

Eurox Pharma is one of Europe leading medical cannabis companies. Eurox is vertically integrated, with:

  • 100% German subsidiaries responsible for product development and intellectual property.

  • EU GMP manufacturing in Germany with a German pharmaceutical partner.

  • A cultivation facility at Portugal to ensure vertical integration and independence of supply.

  • A significant minority stake in Integro Medical Clinics, a UK registered medical cannabis clinic.

  • Various high-caliber distribution partnerships in Germany and other European countries and its own sales team.

For more information on Eurox, please visit

About Greenrise Global Brands

Greenrise Global helps people realize the beneficial properties of cannabis. Greenrise Global is a publicly traded Canadian company with two German operating subsidiaries: Greenrise GmbH (“Greenrise Wellbeing”) and AMP Alternative Medical Products GmbH (“AMP”). Greenrise Wellbeing is a CBD wellness company based in Hamburg, with brands including Herbify and CANAVEX® in his wallet.

AMP is based in Erfurt and supplies medical cannabis products to pharmacies across Germany, including the medical cannabis brands of Aphria, Bedrocan, Little Green Pharma and CHArange of branded products and sold through its national sales team. The AMP complies with the German Narcotics Act (BtMG) and the regulatory requirements of the Free State of Thuringia, ensuring that products imported from all over the world and sold in Germany meet the European Union Good Manufacturing Practices (EU-GMP) standard.

For more information on Greenrise Global, please visit



Neither CSE nor its regulatory services provider (as that term is defined in CSE policies) accepts responsibility for the adequacy or accuracy of this release.

This press release contains forward-looking statements based on the Company’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to its business plans and milestones and timelines. Although the Company believes that the expectations expressed in these forward-looking statements are based on reasonable assumptions, these statements do not guarantee future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and the Company does not undertake to update them publicly to reflect new information or the occurrence of future events or circumstances, unless the law does not require otherwise.

SOURCE Greenrise Global Brands Inc.



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Spielwarenmesse eG takes over Internationale Spieltage SPIEL in Essen and maintains its traditional orientation Mon, 10 Jan 2022 10:00:00 +0000

– Character of the largest consumer fair in the world for the industry to preserve

Dominique metzler continue as director

NUREMBERG, Germany, January 10, 2022 / PRNewswire / – Spielwarenmesse eG takes over the International Spieltage SPIEL event in Essen to January 1, 2022. The Nuremberg trade fair and marketing services provider thus becomes the new owner of the world’s largest public board game fair. SPIEL will continue to be held at Essen fairground and organized from Bonn by Dominique metzler, its long-time director and its very experienced team. Florian Hess, chairman of Spielwarenmesse eG, serves as additional director.

Spielwarenmesse eG took over the Internationale Spieltage SPIEL event in Essen on January 1st. Both sides have confirmed that this will not lead to any change in the uniqueness of the world’s largest consumer board game show.

SPIEL has a history stretching back almost 40 years. The event has grown from a small gathering of gamers in 1983 to what is today the world’s largest consumer fair for board, card and role-playing games. Traditionally, new national and international gaming products are presented to a wide audience at Essen exhibition center in the fall. Each year, the event welcomes some 200,000 visitors – and their number continues to grow.

“It was important for me to keep the unique profile of SPIEL for the future”, says Dominique metzler, with whom Rosemarie Geu has established and successfully developed its family business over the past decades. “I am very happy to have found in Spielwarenmesse eG, with its experience in global trade fairs, a partner who can continue and further develop the success of this trade fair on my model for decades to come as well. My team and I are delighted to be working alongside them. “

The pandemic has given additional impetus to the popularity of board games. In 2020, the German gaming market alone grew by 21%. This is a trend that is also evident in the B2B sector of the Spielwarenmesse. The Internationale Spieleerfindermesse – Game Inventors Convention is being integrated into the Spielwarenmesse, thus strengthening the games sector. The Nuremberg organizers promise an equally cautious approach to the SPIEL games fair, but in this case as a separate event that will be maintained in its original form.

As a cooperative, Spielwarenmesse eG already operates “from industry, for industry”. Its member companies include many game publishers. Like Christian Ulrich, spokesperson for the board of directors, would like to point out: “In the Spielwarenmesse and the SPIEL games fair, we have two completely different concepts, but these concepts overlap strongly in terms of subject, creating many synergies. With SPIEL, we are developing our responsibilities in the field of games, without changing the typical character of the fair. “Its survival is assured and visitors from Essen can continue to try games and play as they please.

Spielwarenmesse eG
Spielwarenmesse eG is the trade fair organizer and provider of marketing services for the toy industry and other consumer goods markets. Nuremberg company organizes the world leader Spielwarenmesse® in Nuremberg, Children India in Bombay and Insights-X in Nuremberg. The range of services provided by the cooperative also includes industry campaigns and the international fair program, World of toys by Spielwarenmesse eG, which allows manufacturers to exhibit in pavilions presented at trade fairs Asia, Russia and the United States. Spielwarenmesse eG operates a global network of representatives in over 90 countries. It also has several subsidiaries, including Spielwarenmesse Shanghai Co., Ltd., responsible for the People’s Republic of China and Spielwarenmesse India Pvt. Ltd., covering the Indian market. The cooperative owns a majority stake in the Russian exhibition company Grand Expo, which organizes Children Russia in Moscow. Die roten Reiter GmbH subsidiary headquartered in Nuremberg works as a communications agency for the consumer goods and capital goods industry. The full profile of the Spielwarenmesse eG company can be found on the Internet at

SPIEL was started in 1983 as a gathering of readers of a gaming magazine published in Bonn, with twelve exclusively invited exhibitors. It was called the “Deutsche Spielertage” (German Games Fair) and was held at Essen College of higher education. In 1984, the event already registered 15,000 visitors and the following year, it moved to Essen exhibition center. SPIEL quickly grew into the world’s largest public fair for board, card and role-playing games, where game publishers around the world present the latest trends and developments to a wider audience for the first time and visitors have the opportunity to try and buy new products on site. The SPIEL event hosts the annual “German Games Prize” and the “innoSPIEL” prize for a particularly innovative game idea.

SPIEL 2022 logo

SPIEL 2022 logo

SOURCE Spielwarenmesse eG

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Defending Taiwan requires spreading the financial “doomsday machine” Sat, 08 Jan 2022 18:09:50 +0000

As France and Germany became entangled in Russia in the years leading up to World War I, Britain devised plans for a financial weapon that could cripple an adversary at the start of a conflict.

France and Germany have attempted to use the financial entanglement for strategic peacetime purposes, only to see these plans backfire in wartime; at the same time, Britain tried to muster all the financial and economic tools in its arsenal for a splendid strike.

London, like Paris and Berlin, knew that World War I, the culmination of a century-long great power rivalry, would commit troops to the front lines as well as high finance in the world’s largest capital markets. Britain was the financial capital of the world and the guardian of the world’s largest Marine, maintained to protect the world’s largest merchant fleet.

In the ten years leading up to World War I, officers from the Admiralty’s Naval Intelligence Department planned to wage “an economic war of unprecedented magnitude” against Germany, the upstart challenger of the Great -Brittany. The aim was to stifle the German economy as soon as the war broke out. The plans included efforts to halt all British transactions and halt all trade with Germany in the hopes of crippling Berlin and forcing a quick surrender, as Nicholas Lambert Explain in Planning for Armageddon.

These officers believed that the peacetime characteristics of Anglo-German financial rivalry, such as cross-border trade and asset transactions, could be turned into weapons at the start of the war.

But when war came in August 1914, the strategy failed. The British War Office, the Foreign Office and the Board of Trade opposed the main efforts of the strategy. The British homeland was far from immune from the potential consequences of financial weapons; any sanctions regime would also lead to a slowdown in the UK economy.

The Admiralty had devised detailed plans for Financial Armageddon. British officials have pulled out. The focus shifted to the Western Front and the trenches of the shooting war.

Dreams of quick, bloodless financial victory by severing unsavory capital ties have never faded. Today, some US strategists are predicting what would amount to a new Financial Armageddon – a drastic program of sanctions, capital restrictions and asset seizures – to punish China if its People’s Liberation Army invaded Taiwan, a more and more likely results.

For the first time in the history of the People’s Republic of China, Beijing’s capabilities match its long-standing intentions to “reunify” Taiwan. Xi Jinping has revealed a weaker tolerance for the ambiguous status quo between the two shores; He sees Taiwan as a “hidden danger” which threatens “national rejuvenation” and has, more than any other Chinese leader since 1949, shown its willingness to stake the legitimacy of the Chinese Communist Party on the question of Taiwan.

In a Council on Foreign Relations report, Robert Blackwill and Philip Zelikow to propose the United States implements crushing economic sanctions in the event of an invasion of Taiwan. “First, the United States would freeze all assets held by China, or its citizens, in the United States. Then, “the United States would cut off and strictly control all trade or dollar transactions with China.” Other strategists to propose similar sanctions.

However, American planners who rely on financial weapons must take into account Britain’s failure to execute her “Planned Armageddon.” Despite efforts to build the perfect economic weapon, British officials deemed the risk of backfire too great.

The consequences of a sanctions program like those proposed by Blackwill and Zelikow are immense. China holds $ 1.1 trillion in US sovereign debt as US investors hold on $ 1.1 trillion in Chinese stocks and bonds. Larry Summers called this scale of interdependence “balance of financial terror– in other words, deterrence by mutual dependence.

Many believe that such interdependence could discourage war. In reality, financial interdependence could make a war of marksmanship more likely by sacrificing the viability of alternatives. Interdependence does not negate war; he denies the art of economic governance.

If Beijing precipitates a fourth Taiwan Strait Crisis, fear of financial Armageddon could leave the President two options: do nothing or initiate military measures in the hope that such a conflict may remain limited.

Counterintuitively, the immense scale of American and Chinese interdependence increases the chances that a confrontation will end in a war of fire.

In the frantic fog of a Taiwanese contingency, an American president may view the military option as the path of least resistance. This is certainly the best-prepared option, played by the president’s wealthiest department. It was also the choice of history; the United States turned to its military to resolve the first three crises in the Taiwan Strait. The strategy is often the product of a historical analogy, so the military option can also be seen as the default plan for the Fourth Taiwan Strait Crisis.

The goal of American strategists, concerned with Taiwan’s survival, must be to delicately unravel some of the more complex features of capital’s interdependence, vital to spreading a financial “doomsday machine”. By decreasing the scale of interdependence and reducing the risk of backfire, US policymakers can restore the feasibility of financial weapons as a usable tool, thus preventing an invasion of Taiwan.

[This is part two of a two-part series on the perils of capital dependence in great power rivalry. Part one was published earlier.]

Christopher Vassallo (@) is a contributing writer for the National interest and a young fellow from the China and the Pacific program of the Center for the National Interest. He is a former Schwarzman Fellow and a research fellow at the Asia Society and the Harvard Belfer Center.

Image: Reuters.

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Omicron Achieves Service Industry Growth in UK and US; German Inflation Highest Since 1992 – As It Happened | Business Thu, 06 Jan 2022 17:06:10 +0000

“Will this be history repeating itself for the start of 2022?” Rise in banking and energy stocks and fall in rate-sensitive growth stocks? Investors shouldn’t have been surprised by the increasingly hawkish tone used by the US Federal Reserve and yet the anticipation of seeing its most recent black-and-white comments yesterday prompted a sell-off in tech stocks that did not did that continue. It certainly feels like the bagpiper is calling to be paid, inflation numbers for the next few months seem pretty accurate if Germany’s latest update is anything to go by.

“And this pressure on households is not a good idea for any government, especially those looking to raise taxes to pay for some of the blows that Covid has inflicted. Pressure could mount on the British Chancellor to turn around on his plans to boost the NHS, but at the moment it looks like Rishi Sunak is not to turn around. But how can consumers be expected to continue spending the country outside of the pandemic if their cash reserves are dwindling? And how will the popularity of this government cope with people’s growing discomfort as energy bills soar higher and higher. Working from home on a dip in the cold takes on a whole new hue, and there will be plenty of extra threading to keep those thermostats’ frozen fingers out.

“What is also noticeable today is the lack of enthusiasm of investors for past performance. Next may have boosted sales and raised its profit forecast for a pretty dramatic fifth time in ten months, but the big story quickly becomes familiar. Prices are expected to rise to meet the double threat of rising wages and rising shipping costs. How will the decision to pass on costs affect sales to consumers? This is the big question that many businesses will have to grapple with over the next 6 to 12 months. If this Christmas was all about making up for lost ground, spring might be more like clawing back lost savings.

“Companies that provide vital services and these must-haves look great to many investors right now. Walgreens shares enjoyed a nice rally early in the session before retreating slightly as the company raised its earnings forecast. Sales hit their highest level in twenty years as those who came for the Covid vaccine stuck to roam the aisles and found many more temptations than in previous years. But overall, US investors are feeling nervous, looking for that silver shard among the dark clouds as last year’s tech rally recedes. “

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Banks and travel documents take Europe’s STOXX 600 to new heights Tue, 04 Jan 2022 17:09:00 +0000

The DAX chart of the German stock index is pictured on the stock exchange in Frankfurt, Germany on December 30, 2021. REUTERS / Staff

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  • STOXX 600 closes at a new high
  • Wizz Air explodes in December
  • Home stocks are slipping
  • Bullish citi on EU banks

Jan. 4 (Reuters) – European stocks extended their New Year’s rally on Tuesday, led by economically sensitive banks and travel stocks on signs that the Omicron coronavirus variant may be less severe than initially feared.

The pan-European STOXX 600 index (.STOXX) finished up 0.8% to 494.02 points, hitting a record for a second consecutive session.

The European banks sub-index (.SX7P) jumped 3.3% to November highs and was the best performer of the day as government bond yields on both sides of the Atlantic rallied. were spurred on by expectations of a tightening of monetary policy.

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Citigroup said it was overweight European banks, citing potential interest rate hikes, earnings growth and returns on capital. The brokerage ranked BNP Paribas (BNPP.PA), Lloyds (LLOY.L) and UBS (UBSG.S) as its top picks.

The European Travel and Leisure Index (.SXTP) jumped 3.5% to its highest level in more than six weeks. British airlines soared, with Ryanair (RYA.I) and British Airways owner IAG (ICAG.L) climbing 8.9% and 11.3% respectively.

Wizz Air (WIZZ.L) jumped 12.2%, leading the gains of the STOXX 600 after reporting an increase in traffic in December.

London’s FTSE 100 (.FTSE) gained 1.6%, catching a global rally as trade resumed after a long holiday weekend.

“There are tentative signs that this variant may not be as bad as feared,” said Max Kettner, chief multi-asset strategist at HSBC, in a note.

“UK hospitalizations have increased over the past two days, but the link clearly appears to be weaker than in the previous winter wave. As such, the sensitivity of cases to hospitalizations has barely budged until present. If this trend were to continue, that’s good news. “

The British Vaccines Minister said people hospitalized with COVID-19 in the UK generally had less severe symptoms than before. Read more

French Finance Minister Bruno Le Maire said that while the skyrocketing Omicron variant was disrupting some sectors, there was no risk that it would “cripple” the economy and stick to it. a 4% growth forecast for the 2022 GDP. Read more

Stock markets in Europe and the United States hit a series of record highs in 2021, as vaccine deployments and huge stimulus packages to boost the pandemic-stricken global economy offset concerns about the persistence of ‘high inflation and the new variants of COVID-19.

Home inventories including food delivery companies Delivery Hero (DHER.DE) and Just Eat (TKWY.AS) fell between 7% and 8%, while major healthcare names also fell. moved back.

At the same time, data showed German unemployment fell more than expected in December, a further sign that the labor market in Europe’s largest economy remains resilient. Read more

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Reporting by Sruthi Shankar in Bangalore; Editing by Subhranshu Sahu and Alison Williams

Our standards: Thomson Reuters Trust Principles.

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German Greens lead attack on EU plan to label nuclear energy “sustainable” Sun, 02 Jan 2022 15:54:54 +0000

Germany, Austria and Luxembourg denounced Brussels’ plan to classify nuclear energy as a sustainable technology in the EU’s historic labeling system for green investments, which is at the heart of European decarbonization plans of the bloc’s economy.

German Economy Minister Robert Habeck, who is a member of the Green Party in the country’s governing coalition, said: “It is doubtful that this greenwashing will even be accepted in the financial market. He told German news agency DPA on Saturday: “In our opinion, this addition to the taxonomy rules was not necessary.

The Brussels proposal is part of a so-called “taxonomy” list, which aims to help channel the billions of euros of investment needed to decarbonize the bloc’s economy.

The plan, the first attempt by a leading regulator to clear up investors looking to invest private capital in sustainable economic activity, covers around 80% of the bloc’s emissions and is intended to be a “gold standard” for the markets decide what is really green and what is not.

But the process has been hampered by fierce internal political disputes within the European Commission and its member states.

Leonore Gewessler, Austria’s Climate and Energy Minister, said on Saturday that Vienna would consider suing the European Commission if the classification of nuclear power as green goes ahead. Claude Turmes, Luxembourg Minister for Energy, for his part called the inclusion of nuclear power a “provocation”.

The inclusion of nuclear power is widely seen as a victory for the French government which has urged Brussels to ensure that the new rules do not punish a technology that provides nearly two-thirds of French electricity. Nuclear reactors do not generate CO2 emissions but produce highly toxic waste.

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The inclusion of natural gas also means that a number of EU economies that depend on gas imports into southern and eastern Europe will support the initiative.

The inclusion of gas is also supported by German Finance Minister Christian Lindner, who is the leader of the Liberal Party in the ruling coalition. The draft proposal states that gas can be considered sustainable under certain conditions, such as for new gas-fired power plants approved before the end of 2030 that emit less than 270g of CO2 per kilowatt hour and whether they replace traditional fossil fuels such as the coal.

“Germany really needs modern gas-fired power plants as a bridging technology because we are moving away from coal and nuclear power,” Lindner told the Süddeutsche Zeitung on Sunday. “I am grateful that the arguments seem to have been echoed by the commission.”

Three German nuclear power plants were decommissioned at the end of 2021, with the country’s three other facilities due to be decommissioned within a year as part of a pledge to phase out all nuclear power following the 2011 Fukushima disaster in Japan.

The Brussels draft text will be part of a consultation with EU countries and independent experts that will run until January 12. However, the EU’s anti-nuclear governments lack the power to veto taxonomy, which diplomats say should gain majority support in the EU Council.

Astrid Matthey, one of the independent experts advising the rules commission, criticized the project for “contradicting the very purpose of taxonomy.”

“The conditions under which the two technologies must be included are far from ensuring that we meet the Paris climate targets and that we do not significantly harm the environment. There is still a long way to go for this project to align with the Green Deal and the EU’s environmental goals, ”said Matthey.

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Ford Chief Futurist talks sustainability and the F-150 Lightning Fri, 31 Dec 2021 21:07:18 +0000

Ford recently released its 2022 See further with Ford (F), marking the 10th year the historic automaker has surveyed global consumers to identify trends among key demographics. According to Ford chief futurist Sheryl Connelly, climate and environmental issues remain at the forefront of consumers’ concerns.

“So it’s really ‘climate, climate, climate,’” Connelly told Yahoo Finance Live. “We’ve been doing this report for a number of years, and what we’ve found is that in recent years, 67% of people we talk to before COVID even told us they were overwhelmed by the changes in courses in the world. “

She described the confluence of the COVID-19 pandemic, polarized politics and climate change issues as a “mild worry fever” that consumers have been living with for a year. Heading into 2022, Ford found that 81% of people surveyed in 15 different countries still cited climate change as their top concern.

Ford also found that in 2021, 70% of people polled around the world said they were actively changing their behavior to tackle climate change. However, a few years earlier, they had noted that only 48% of Americans said they were ready to take sustainability initiatives if the downside to them was “little or no”.

Connelly spoke about the American sentiment surrounding sustainability when it comes to electric vehicles.

“And I think that’s really the biggest key here is that people want to do their part but they want to make it practical,” Connelly said. “They want to make sure they don’t worry about how long the charge will last, how much charge range they will get and that there will be opportunities for them to charge.”

An all-electric F-150 Lightning on display at the Motor Bella event in Pontiac, Michigan on September 21, 2021. – The North American International Auto Show (NAIAS) did not hold its show in the 2021 auto as planned due to the Covid-19 issues but instead they are hosting a self-centric event called Motor Bella. (Photo by JEFF KOWALSKY / AFP) (Photo by JEFF KOWALSKY / AFP via Getty Images)

The push of the EV

With Ford announcing that he intends to rise in power production of electric vehicles to 600,000 by 2023 – the company expects electric vehicles to account for 40% of the global vehicle fleet by 2030 – its trends report wanted to survey consumers on their thoughts on problems related to the adoption of electric vehicles.

“We asked people around the world when [they] think that there will be more recharging stations than petrol stations in the world; 13% of Americans said it would happen by 2030… But if you look at a place like Germany, 34% of people said it will happen by the end of the decade, ”Connelly said.

She cited government engagement levels as the main reason for this difference in consumer sentiment. For example, the German government continues to reorganize your incentive payments for buyers of electric and hybrid vehicles and asked every gas station in the country to install charging stations for electric vehicles as part of its pandemic 130 billion euro stimulus plan in June 2020.

According to Conelly, the key to catalyzing the push for electric vehicles is showing consumers that products like the Mustang Mach-E, Ford F-150 Lightning and Ford E-Transit minivan can deliver the same level as a V6 or V8. vehicle, and there is no need to compromise between “mileage and horsepower”.

To that end, Connelly explained how the F-150 Lightning was able to win the goodwill of the people of Texas during the winter storms of February 2021 with its on-board generator.

“Our local dealers have sent F-150 Lightnings into the community to help people restore power to their homes. And I think those signals are really starting to change your expectations of what a vehicle can do for you, ”she said.

Thomas Hum is a writer at Yahoo Finance. Follow him on twitter @thomashumTV

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