Nov 27 2020
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Corporations want compensation for nuclear phase-out

By admin

Large German energy companies want to sue the federal government for a double-digit billion sum as compensation for the nuclear phase-out. E.ON alone puts the damage caused by the energy transition at at least eight billion euros. RWE group circles reported that the utility saw damage amounting to at least two billion euros. "We assume that our constitutional complaint will be successful," said an E.ON spokesman and confirmed a report in the "Frankfurter Allgemeine Zeitung" with the sum..

According to this, the demands of the electricity producers amount to a total of 15 billion euros. The First Senate of the Federal Constitutional Court wants to send E.ON’s complaint to the Federal Government, the Bundestag and 63 other institutions for comment this week – from the Federation of German Industry to the environmental protection organization Greenpeace.

Other companies are apparently joining in

According to observers, the high number of addressees shows how seriously the court takes the constitutional complaints, the report said. Before the civil courts award damages to the operators, the Karlsruhe judges must first determine a violation of the Basic Law. The constitutional complaint of the energy supplier RWE should also be delivered to the same large group of those affected in June. According to a spokesman, the company EnBW is examining a claim for damages – he did not want to comment on the amount.

Oct 17 2020
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A bang from detroit: opel stays with gm

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The US automaker General Motors (GM) has officially called off the sale of its German subsidiary Opel. The decision of the GM Board of Directors was made in Detroit that evening (local time). Originally the Austrian-Canadian supplier Magna was supposed to take over the majority, but the US parent company wants to reorganize the European business around Opel and the British sister company Vauxhall itself. Speculation had been going on for some time.

Now GM is building on state aid from Europe. "GM will soon present its restructuring plan to Germany and other governments and is hoping for a benevolent examination", announced GM boss Fritz Henderson.

Restructuring for three billion euros

At the same time, the GM boss apologized for the month-long marathon of negotiations about the future of Opel, in which several governments, companies, the Opel works council and the EU Commission were involved: "We understand that the complexity and duration of this topic for everyone Involved was exhausting. " The current decision is the best for customers, employees, suppliers and dealers.

Oct 16 2020
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A back door for the "putin banks" in the eu

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At the center of the EU sanctions are Russia’s big banks. But one does not dare to approach their western branch. Because Sberbank and VTB are firmly rooted in Europe – and should have hundreds of thousands of customers in Germany alone.

By Heinz-Roger Dohms,

There was no sign of any sanctions on the VTB Direkt homepage on Friday evening. Instead, it says "attractive interest rates for a fixed period" – which is undoubtedly true: the bank offers 2.1 percent for fixed-term deposits with a three-year term. This is a tempting offer in times when many savings banks and Volksbanken no longer pay interest on their customer money.