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Bahn wants to keep the offer | Free Press

If everyone is supposed to stay home, people will take the train less. However, the timetable should not be shortened.

Berlin (dpa) – Deutsche Bahn wants to keep train operations almost unrestricted from next week during the renewed partial lockdown of the Corona crisis. “We continue to run the full schedule,” said Berthold Huber, a member of the DPA board.

“So train operations at DB are going as planned.” Except for a few trains, including individual speed trains and amplifiers, everything should run in long-distance traffic. In regional transport, on the other hand, the federal states, as responsible authorities, have “indicated without exception so far that the supply … should be kept at 100 percent if possible,” Huber said.

Federal Minister of Transport Andreas Scheuer emphasized that, as with the spring closure, the railway maintains its services and ensures the mobility of travelers and business people. Hygiene concepts and mask controls ensure that people are safe on the move. “Deutsche Bahn works, even in tough times for Corona,” said the CSU politician.

The federal and state governments decided Wednesday to ban tourist accommodation starting next week and to close bars, restaurants and pubs, as well as museums and other attractions. The background is the increasing number of infections in the crown crisis. During the pandemic-related restrictions in the spring, the railroad made about three-quarters of its trips and, since the summer, the trains have returned to 100 percent.

In recent weeks, Deutsche Bahn had already registered a decrease in the number of passengers. “Since the beginning of October we have been registering growing uncertainty among our long-distance transport customers, while the volume of regional transport has remained stable,” the group announced last week. The long-distance bus company Flixbus, which also operates in long-distance rail transport under the Flixtrain brand, announced Thursday that it would suspend bus and train services in the coming weeks.

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Merkel: Help quickly and without bureaucracy | Free Press

As of Monday, public life in Germany has again declined sharply. Chancellor Merkel reacts to the concerns of companies that have to close.

Berlin (dpa) – Before cultural businesses, restaurants and leisure facilities have to close for a month this Monday, Chancellor Angela Merkel has once again secured the supporting economy.

“We are not going to leave companies and businesses that have gotten into trouble due to the current crisis through no fault of their own,” said the CDU policy in its podcast published on Saturday. “We want to help quickly and without bureaucracy.” On Wednesday, he will speak with major employers’ and industry associations about how the effects of the crisis could be further cushioned.

Merkel justified the harsh interventions in the coming weeks, protesting violently against culture and the restaurant industry: “This second wave of the pandemic makes it necessary to act quickly and consistently,” she said. “We have to stop the rapid increase in the number of infections before our healthcare system becomes overloaded.” From a science point of view, it is clear that you should meet as few people as possible who can become infected.

Merkel admitted that the measures were “harsh” and those affected were right to point out the main charges. In many cases, it is now again companies, freelancers or associations that have had to accept losses in sales since the start of the pandemic. The Chancellor referred to the additional aid of up to ten billion euros for the affected areas and assured: “The Federal Government will continue to do everything necessary to limit the burden of the pandemic for the economy and therefore also for employment and our prosperity, and at the same time to protect our health. “

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BER capital airport starts | Free Press

Berlin (dpa) – With two landings initially planned by Easyjet and Lufthansa, the new capital airport BER opens this Saturday. There will be no official celebration in view of the multiple postponements, tripled construction costs and years of delays.

However, the airport will open with prominent guests. Among others, the heads of Lufthansa and Easyjet airlines, Carsten Spohr and Johan Lundgren are expected. The state leaders of Berlin and Brandenburg, Michael Müller and Dietmar Woidke (both SPD) want to come, as well as the federal Minister of Transport, Andreas Scheuer (CSU).

The first takeoff with passengers checked in at BER will take place early Sunday morning. An Easyjet plane is scheduled to leave London Gatwick’s north runway.

“The inauguration is a reward for the perseverance and great commitment of colleagues from the Berlin airports,” said Peter Gerber, president of the Federal Association of the German Aviation Industry (BDL), before the inauguration. “At the same time, the start of flight operations at BER in this deep pandemic-related aviation crisis is a positive ray of hope in difficult times.”

The Arbeitsgemeinschaft Deutscher Verkehrsflughäfen (ADV), the airport’s interest group, also congratulated the inauguration: “Welcome to the airport family! We wish BER all the best for the future, ”said the association. “For the ailing airport industry, it is a sign of confidence,” said Ralph Beisel, CEO of ADV.

The president of the Green parliamentary group, Anton Hofreiter, used the inauguration as an opportunity to recall once again the financial difficulties of the airport company. “BER will continue to burden the public coffers of the federal government and the federal states of Berlin and Brandenburg for years to come,” he said.

Hofreiter is not the only critic. Over the weekend, climate protests from the Stay on the Ground initiative are expected on the BER site. The group announced Friday that they wanted to “massively disrupt” the opening ceremony with a civil disobedience action. “We will block the opening of BER,” said Lena Tucnak, one of the spokespersons. It cannot be that a new airport will open in times of increasingly severe climate crisis.

The government terminal on the BER site has been in operation since last week. Another passenger terminal is ready, but will not go into operation until next year due to the crown-related collapse in passenger numbers.

With the opening day on Saturday, the train service to BER will also be extended. From now on, regional and long-distance trains also stop there. The S-Bahn has been traveling to the new location every 10 minutes since Wednesday. The Steigenberger Hotel will also reopen on the airport grounds. The hotel had already been completed in 2012 and had been open for three weeks until it had to close for eight years after the failed opening.

However, traders shouldn’t expect a lot of guests in the coming weeks. The airport manager, Engelbert Lütke Daldrup, had recently expected only around 5,000 passengers on the airport’s opening day at the main terminal T1. With the closure of Tegel a week later, around 16,000 passengers would be handled daily on T1. Another 8,000 passengers would then travel through Schönefeld Airport, which serves as Terminal 5 for BER.

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Judge halts US plans to exit Tiktok in November | Free Press

US courts are holding down US President Donald Trump’s attack on the popular video app Tiktok. Now the end of November 12 has been suspended by a court order.

Washington (AP) – The United States government has suffered another setback in court in its crackdown on the video app Tiktok.

A Pennsylvania state judge suspended a Commerce Department order Friday that would spell the complete end of Tiktok in the United States by November 12. He issued a court order at the request of three Tiktok video writers who make a living on the platform.

A Washington judge had previously suspended the Tiktok app download stop scheduled for late September, also with a court order. The United States government appealed against him. With the download stop, Tiktok should disappear from the US Apple and Google app stores.

Tiktok belongs to the Chinese company Bytedance. US President Donald Trump describes the app as a security risk because Chinese authorities could use it to obtain data from US citizens. He wants to force at least the American Tiktok business under the control of American owners. The Chinese government torpedoed talks about a sale with a new rule prohibiting the export of software algorithms without special permission.

In general, the situation around Tiktok remains unclear. Trump had already announced that he had approved a fundamental agreement that was to ensure the continued existence of Tiktok in the United States through the entry of the American companies Oracle and Walmart. But since then there have been conflicting statements about whether the new US partners or Bytedance should have the majority in the global Tiktok business, and the conclusion of a final deal is still delayed.

The three “Tiktokers” each have more than a million followers on the platform. In their request for a precautionary measure, they argued, among other things, that the Ministry of Commerce did not have a sufficient legal basis for its action against the application. The Washington judge also thought this was likely, so he suspended the unload stop. With the measures planned for November 12, Bytedance will be prohibited, among other things, from storing US user data and operating the Tiktok infrastructure.

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Fight Corona: Concerns about the economy | Free Press

Berlin / Frankfurt (dpa) – According to economists, the second crown wave and tighter restrictions are putting the rebound in Germany at risk.

“The economy cannot be turned on and off like a lamp without causing damage,” Commerzbank chief economist Jörg Krämer said on Wednesday. Tighter measures to contain the corona pandemic could slow economic growth again, Federal Economy Minister Peter Altmaier said in a government poll in the Bundestag. The CDU politician assured support for companies in the event of new and massive restrictions.

The federal government wants to stop the strong spread of the corona virus in Germany by shutting down much of public life. In view of the significantly higher number of corona infections, catering establishments will close for the rest of the month from 2 November, as the German Press Agency learned from consultations between Chancellor Angela Merkel (CDU) and ministers. of State. The Funke media group had already reported on it.

The federal and state governments want to heavily ban events offering entertainment and recreation across Germany from next week until the end of November. This applies to theaters, operas or concert halls, trade shows, cinemas, amusement parks, and game rooms.

According to economist Krämer, economic growth is likely to stop in the fourth quarter. At best, a black zero can be expected compared to the previous quarter. Industry and commerce are not directly affected, but are likely to suffer as general uncertainty is increasing and anti-crown measures abroad are also tightening.

“The rebound is very likely to slow down significantly,” said the economic director of the German Institute for Economic Research (DIW), Claus Michelsen. The pandemic is making consumers and businesses less confident. Many companies were still struggling with the fallout from the spring shutdown and had little financial reserves.

According to the DIW, the German economy still grew strongly by around six percent in the third quarter. The Federal Statistical Office will release the first data on Friday. On this day, the Minister of Economy Altmaier also wants to present the autumn forecast. So far it has been said that the growth forecast for the current year should be slightly increased.

German companies themselves hope that the corona pandemic will be an increasingly difficult return to normal economic life. A survey by the German Chamber of Commerce and Industry (DIHK) of around 30,000 companies shows that the situation has improved for many. “However, assessments are a long way from the pre-crisis level at the beginning of the year,” according to the survey analysis. In addition, it still does not take into account the drastic contact restrictions that the federal government and the federal states decided on Wednesday in the fight against the spread of the corona virus.

The spring lockdown caused a massive economic depression in Germany, and in the summer things generally picked up again. For the year as a whole, economic output is forecast to decline significantly.

The German Tourism Association (DTV) called for better government support from November. “If the situation now worsens to the same extent as before and the industry is almost sent back into lockdown, the improved bridging aid should come into effect immediately from November,” said the association’s manager, Norbert Kunz. “Even companies that hoped to overcome the crisis with higher reserves are now reaching their limits.”

The Federal Association for Wholesale and Foreign Trade (BGA) criticized the closures in the restaurant sector as “completely inappropriate.” For many midsize companies that could spell the death blow in the current situation, said BGA President Anton Börner.

The German Trade Association (HDE) warned that the new restrictions could also affect stores. Wholesalers and retailers must stay open, but there are regulations governing how many customers can be in the store at the same time. “If stores are the only ones open, all other industries have to close everywhere and people stay home on a de facto curfew, then distributors are in a very difficult position,” said the director. HDE General Stefan Genth.

At a large rally in Berlin, thousands of people from the events industry rallied again in favor of more comprehensive state aid in the Corona crisis. The protest march was organized by the #AlarmstufeRot alliance. The Dehoga Hotel and Restaurant Association, the Federal Association of the German Tourism Industry and other industry representatives also called for participation.

According to Federal Labor Minister Hubertus Heil (SPD), the federal government is planning more aid, for example for the events industry and the construction of trade shows, in view of strict restrictions from the crown.

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Business Associations Criticize Corona Resolutions | Free Press

Berlin (dpa) – Business associations have criticized the massive restrictions adopted by the federal and state governments in the fight against the Crown crisis.

Crafts President Hans Peter Wollseifer said: “It is good that the federal government and states clearly wanted to avoid a general economic lockdown, but that was not always successful and it was a hard and bitter day for many artisan companies.”

The great efforts and investments made by many companies in recent months to protect customers and employees with sophisticated hygiene concepts deserved further recognition. “Some craft areas are affected partly directly and partly indirectly by the upcoming closures.”

The partial lockdown that has now been agreed is particularly affecting companies that have already been heavily affected by the first lockdown. It is therefore crucial that the announced additional support package is determined promptly: the federal government is planning financial assistance of up to 10 billion euros.

From the point of view of the German trade association, many trading companies will depend on the promised state aid. It is positive that instead of one customer for every 25 square meters originally planned by the federal government, at least one customer should be allowed for every 10 square meters of sales area in stores. “However, the de facto lockdown endangers many retailers in the city center.”

The German Hotel and Restaurant Association (Dehoga) is examining legal measures. The head of Dehoga of Saxony-Anhalt, Michael Schmidt, announced this in an interview with the German Press Agency. “It’s a huge disappointment, it’s really dramatic for us,” Schmidt said. “We are not the drivers of the pandemic.” Only restaurant owners could complain. Dehoga CEO Ingrid Hartges told the ARD that members had already reported that they wanted to complain.

The resolutions of the 16 prime ministers with the federal government establish, among other things, that restaurants in November, as in spring, can only sell food outside the home. The hotels can also only accommodate business travelers. The regulations should take effect on Monday and will initially apply until the end of November. The affected companies will be compensated by the federal government and reimbursed up to 75 percent of their sales starting in November 2019.

That’s also only moderately optimistic for Dehoga’s country manager, Schmidt. “In the end, the emergency aid in spring came much later than previously thought.” With the new help, every day counts. The existential fears of spring would now return to the members of his association.

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Dax clearly closes in red | Free Press

Frankfurt / Main (dpa) – Investors’ fear of another lockdown by the crown pissed off investors in the German stock market in the middle of the week.

The fears were confirmed Wednesday afternoon: The federal and state governments want to break the second wave of corona infections with strict contact restrictions for citizens and an extensive shutdown of all leisure activities. This was decided by Chancellor Angela Merkel and the prime ministers of the federal states in their videoconference on Wednesday.

In the course of trading, the Dax fell to 11,457 points, its lowest level since the end of May. In the end, the leading index lost 4.17 percent to 11,560.51 points. The leading index is now around 14 percent from its mid-range high in early September at 13,460 points. The MDax of the 60 midsize stocks closed Wednesday down 2.71 percent at 25,884.13 points.

The leading euro zone index, EuroStoxx 50, fell 3.5 percent to just under 2,964 points. The Cac 40 in Paris was down 3.4 percent and the British FTSE 100 by 2.6 percent. In the United States, the Dow Jones Industrial was down 3.0 percent at the close of business in Europe.

The new restrictions are intended to prevent the uncontrollable spread of the epidemic. The measures apply from next Monday (November 2) and should last until the end of November. The risk of an infection situation that is no longer manageable grows by the day, as the number of infections currently almost doubles every week, he said to justify.

Meanwhile, the balance season in Germany gained in intensity. An increase anticipated by Delivery Hero boosted the food delivery company’s participation. As a maximum value on the Dax, they rose 1.7 percent. Delivery Hero is one of the beneficiaries of the Corona crisis.

Consumer goods maker Beiersdorf felt sales pick up in the third quarter, but the group has yet to see a sustained easing. Newspapers lost 6.5 percent. According to figures presented by Deutsche Bank, the share price went up on a roller coaster. In the end, the stocks lost 1.9 percent, but they were still among Dax’s best values.

BASF shares fell 6.7 percent. The latest quarterly figures presented correspond to preliminary data. In addition, the Ludwigshafen company confirmed the recently formulated new annual targets. Cyclical chemical stocks were generally avoided in view of impending closures in Europe.

After reducing the earnings forecast, IT service provider Cancom’s shares collapsed by more than 13 percent at the end of the MDax.

The euro recently traded at $ 1.1747, well below the $ 1.18 mark. The European Central Bank (ECB) had set the reference rate for the afternoon at $ 1.1727. In the bond market, the current yield fell from minus 0.58 percent the day before to minus 0.64 percent. The Rex bond index rose 0.24 percent to 146.61 points. The future of the Bund rose 0.05 percent to 176.13 points.

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Companies recover part of lost sales | Free Press

Restaurants, pubs, cinemas and other small businesses must temporarily re-close. This brings many to the brink of existence. Therefore, the federal government loses money again.

Berlin (dpa) – Businesses that are particularly hard hit by Corona’s new rules will get a large part of their lost revenue from the federal government. The federal government is planning emergency aid worth billions of up to 10 billion euros for November.

Closing many companies over the next four weeks has proven inevitable, Federal Economy Minister Peter Altmaier (CDU) said in Berlin on Wednesday.

Specifically, companies with up to 50 employees and the self-employed must be compensated for 75 percent of the loss in sales. For larger companies, the percentages are determined according to information from the German Press Agency in accordance with the European guidelines on state aid law. Therefore, they may differ from case to case. The benchmark is sales for the same month last year, that is, November 2019. “This is great support, so we hope that all companies can have a good time this month,” Vice Chancellor Olaf Scholz said Wednesday. at night in a “special” of ZDF.

According to information from the “Handelsblatt”, the money could come from the existing common fund for bridge aid. Of the 25,000 million euros earmarked for this, so far only about 2,000 million euros have been requested. The federal government plans to extend the bridge aid, grants for small and medium businesses, until mid-2021. Originally, they should expire at the end of the year. Furthermore, conditions for aid will be improved, for example for the heavily burdened event and culture industry.

Politicians had already decided on aid programs worth billions to protect businesses and jobs. To do this, the federal government has taken on huge new debts. The closure of spring, that is, the closure of public and economic life, caused a drop in economic production in the second quarter.

Business associations had urgently warned against another shutdown. There is fear of a wave of bankruptcies in the restaurant industry, for example. Because of the crown, many companies now have little money to spare. Above all, the hotel industry warned of a wave of bankruptcies if restaurants have to close temporarily.

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Samsung reports a jump in earnings from a good and solid business | Free Press

Seoul (dpa) – The good chip business and the growing demand for smartphones in its Galaxy series have made the coffers of electronics giant Samsung ring.

Smartphone sales, including its flagship models, increased nearly 50 percent in the third quarter of 2020 compared to the previous three months, the South Korean company announced on Thursday. Cost savings would also have contributed to the good performance of the division.

Things were better for Samsung Electronics, whose president Lee Kun Hee died a few days ago and was buried on Wednesday, also in the consumer electronics business. Samsung is the market leader in memory chips, as well as smartphones and televisions.

According to the information, the surplus increased in the months of July to September by 49 percent year on year to 9.36 trillion won (7 billion euros). Sales were up 8 percent to nearly 67 billion won.

Samsung issued an earnings warning for the fourth quarter, but the outlook for the first half of 2021 was cautiously optimistic overall. Profits are likely to decline in the final quarter of 2020 amid lower demand for memory chips from server customers and tighter competition in cell phones and consumer electronics, it said.

The good result of the IT and mobile communications (smartphones) division in the third quarter of this year was also due to the postponement of the launch of the new Apple iPhone with 5G technology until October. Samsung says it has sold 88 million cell phones and smartphones. The share of computer phones exceeded 90 percent.

Looking ahead to next year, Samsung expects solid growth in “mobile demand,” regardless of geopolitical issues and the possibility of further consequences from the Covid-19 pandemic, which should further fuel the need for chips. The fact that mobile devices in the low and medium price range can also be used on the new 5G mobile network will also help.

“For servers, demand is highly likely to pick up again in the first half (2021) when inventories normalize and customer investments pick up,” said a statement from Samsung. South Koreans this year benefited mainly from increased Internet traffic in the wake of the pandemic. This has driven demand for server and PC memory chips since the beginning of the crisis, as more people work from home.

It is true that prices recently fell again due to oversupply. But rush orders from Chinese telecoms provider Huawei made Samsung grow in the third quarter. In the current trade war between the US and China, Huawei is at the center of a US government lockdown policy.Samsung makes the most money from memory chips.

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Millions of people in Germany burdened by housing costs | Free Press

Little living space, rising rents, and high property prices. The general housing situation in Germany has worsened in recent weeks and months.

Wiesbaden (dpa): expensive rents and high apartment prices make things difficult for many people in Germany.

In 2019, about 11.4 million people lived in households financially burdened by high housing costs, the Federal Statistical Office said.

That is almost 14 percent of the population. The authority sees a housing cost overburden when a household spends more than 40 percent of disposable income on housing, regardless of whether the person in question is renting or living within their own four walls and paying off a loan, for example.

On average, Germany’s population spent about 26 percent of their disposable household income on rent and ancillary costs or on maintaining their home over the past year, according to Wiesbaden statistics. In 2014, however, the share of housing costs in household disposable income was higher by 27 percent.

The overburden rate has also decreased slightly since 2014. At that time, about 16 percent of the population (12.7 million) spent more than 40 percent of their disposable income on housing. The good economy and booming job market have long boosted incomes, dampening high rental and property prices.

In a comparison of EU countries, people in Germany, where a large number of people rent, are greatly affected by high housing costs. Only in Greece (36.2 percent overload rate), Bulgaria (16 percent) and Denmark (15.6 percent) was the situation most difficult. In the Netherlands and Spain in 2019, less than 10 percent of the population spent more than 40 percent of their disposable income on housing. In Malta and Cyprus, the overload rate was less than three percent.