Category: Finance

Newspaper: blackberry plans further job cuts

Newspaper: blackberry plans further job cuts

Among others, middle management and the sales department are to be affected, the "wall street journal" wrote on wednesday.

In addition, the vice-president responsible for sales in the USA, richard piasentin, was dismissed last month, it was reported, referring to informed persons.

According to market researchers, blackberry’s U.S. Market share had recently fallen below one percent despite the launch of new models. The company only confirmed to the newspaper that piasentin was no longer working for blackberry, but gave no further details.

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Report: 15 000 foreigners fight for the is

Report: 15 000 foreigners fight for the is

UN warns 15,000 men and women have moved to the two countries to fight for terrorists or other extremist groups, report says. In the besieged northern syrian city of kobane, at least 21 IS fighters were killed in air strikes by the USA and its allies.

The british daily "guardian" quoted from the UN report that the foreign fighters in iraq and syria came from 80 countries. "The numbers since 2010 now exceed by several times the total of foreign terrorist fighters between 1990 and 2010 – and continue to grow," the united nations paper said.

A list of the countries from which the jihadists come is not given. But there are examples of athletes from france, russia and great britain. According to the federal office for the protection of the constitution, 450 mainly young people from germany have gone to syria and iraq to fight for extremists.

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More and more credit institutions are charging penal interest rates

More and more credit institutions are charging penal interest rates

Negative interest rates at the start of the new year: according to data from the internet portal verivox, at least 16 institutions, mainly volksbanken and savings banks, have introduced negative interest rates for investments by private customers or increased existing penalty interest rates in the first weeks of 2020.

"The force of the negative interest rate wave has once again increased significantly this year," said oliver maier, managing director of verivox finanzvergleich gmbh.

Maier pointed out that the introduction will initially apply only to new customers. If a bank wants to charge penalty interest to existing customers, it must agree this individually with the customers concerned.

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More than half of municipalities have recently raised taxes

More than half of municipalities have recently raised taxes

To get more money into the coffers, more than half of the cities and municipalities in germany have raised taxes in recent years. This is the result of a recent analysis by the consulting company ernst& young (EY), which is available to the deutsche presse-agentur.

Accordingly, 53 percent of all municipalities have raised the business tax for companies at least once since 2012. 60 percent of municipalities have since raised the B property tax on developed and developable land. The taxes were lowered in the period as good as nowhere.

The two taxes are essential sources of revenue for cities and municipalities and can be set by them through the so-called levy rates. From federal state to federal state and also within the individual states, there are therefore sometimes serious differences, also depending on the financial situation of the municipalities. In the case of property tax, for example, the bandwidth in north rhine-westphalia alone, the state with the highest average rates, ranges from 260 percent (harsewinkel) to 959 percent (bergneustadt).

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Conquering the countryside on the soles of your shoes

Conquering the countryside on the soles of your shoes

More than 1500 hikers took part in the 35 german championships in beautiful weather. International folk hiking days of the hiking friends kreuzberg/hallerndorf. The patronage was held by the manager of the volksbank branch in hallerndorf, karin kropfelder. "You conquer the landscape with the soles of your shoes, not with your car tires", the patron stated.

She brought a donation of 250 euros for the hiking club. "The money will be invested in new, uniform T-shirts for the club members", explained the hiking club chairwoman marga strickroth. Mayor torsten gunselmann thanked the many hard-working volunteers who ensured that everything ran smoothly on both days. Firefighters from the municipality took care of traffic and parking regulations, the "helpers on the spot were on hand for emergency operations.

For two days, the guests were able to hike through the beautiful landscape around hallerndorf – either on a six- or eleven-kilometer trail. The starting and finishing point was the hallerndorf double sports hall. The guests of the hiking friends from winkelhaid received the first prize in the award for the hiking group with the largest number of participants, as in previous years. This was followed by the hiking friends from the neighboring community of eggolsheim, the hiking friends from kups, the hiking friends from zirndorf and the hiking friends from hochstadt. The altar boys, the sports club and the clubfreunde hallerndorf received prizes for being the strongest local groups. Erl

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Commerzbank emphasizes own strong despite profit slump

Commerzbank emphasizes own strong despite profit slump

Commerzbank is not letting a slump in profits at the start of the year deter it from its independent course. After the cancellation of a merger with deutsche bank, the partially nationalized institution must prove that it is still strong enough on its own.

"Through growth, we are strengthening our earnings base and counteracting the low interest rates and the decline in margins," said group ceo martin zielke. "Of course, we will continue to work in a focused manner to increase our earning power."

In the fall, the commerzbank board of managing directors plans to explain how the bank, which focuses on private customers as well as smes and corporate customers, is to be further developed after 2020. Then the strategy in place since fall 2016 will expire. Low interest rates, digitalization and regulation demand answers.

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Kidnapped sister of sturmer hulk released

kidnapped sister of sturmer hulk released

The police already arrested two suspects, as the authorities in paraiba announced via the short message service twitter. More suspected perpetrators are being sought. The police also know the place where the young woman was held.

Hulk’s sister was kidnapped from a car by unknown persons in campina grande on monday. She was accompanied by a restaurant owner for whom she works as a food consultant. According to his own statements, the attendant was only briefly leaving the car when the incident occurred. The 22-year-old was received by her family upon her return with tears and rough relief.

As local media reported, citing the investigators, the kidnappers apparently had not been able to agree on the amount of the loose money. They were also surprised by the media response to the kidnapping and then decided to let their victim go free. It’s not the first time that members of top soccer teams have been kidnapped in brazil. Robinho’s mother was kidnapped in 2004 and romario’s father a few days in 1994. Relatives of grafite and luis fabiano also had to go through this experience in 2005.

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Bayernswunsch:christmas as number one in the world

Bayernswunsch:christmas as number one in the world

Best in germany, best in europe – and also really the best in the world? FC bayern munchen wants to crown itself the absolute number one at the end of a year of superlatives.

The mission: after the triple and the european supercup, trophy number five has to be won on the unusual expedition to morocco. "Our team will certainly put everything into it to win this title as well," promised chairman karl-heinz rummenigge. For bayern president uli hoeneb, another success after the many trophies and title parties was a "trend" fit. A win for the insatiable bayern against chinese champions guangzhou evergrande with italy’s world champion coach marcello lippi is firmly on the cards for tuesday’s semifinals in agadir.

"For the club museum would be great to win this title," coach pep guardiola already stressed. The spaniard triumphed twice with FC barcelona in the competition, which is more highly regarded in south america than in europe. "This is one of the most prestigious titles in the world."The star coach should refine what jupp heynckes made possible in the first place with the triple. "For many players it is the first club world championship ever. They will be tough," assured guardiola, who warned of the chinese. FC bayern is the favorite, but teams with italian coaches are always a danger, the spaniard warned, and feels the duel against lippi is an "honor.

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The brauwerck in neudrossenfeld has opened

The brauwerck in neudrossenfeld has opened

"The staff has to get used to it first. That is why we have not made a rough opening, so that we are not overrun and can offer quality from the outset. It was important to us that it should not be chaotic at the beginning and that the visitors should not leave in a state of disappointment", says rainer schimpf. He is the spokesman for brauwerck AG, which is responsible for management.

But even without the big spectacle, the first weekend was well attended, he explains, and naturally hopes that the brauwerck will become established. Especially since a lot has been invested there. On the one hand from the AG, the shares in the value of 850.000 euros (piece price: 250 euros) spent, which around 850 people subscribed to.

On the other hand, a lot of public money has been invested in the holzel area with its many listed buildings. Located right next to the castle and church, the ensemble is "the soul of the village" for mayor dieter schaar (). And this joint stimulation by the public sector and the joint stock company is something "that doesn't happen very often. 7.5 million euros were incurred in construction, planning and financing costs, and about six million euros were received in receivable funds.

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Pace for the budget

Pace for the budget

A car traveling at walking speed is a huge nuisance for all road users who have to chug along behind it. But if it's a mercedes with an orange warning light on the roof, with dirk behrens and bernd brokenhorst behind the wheel, drivers from forchheim should be patient. The duo ensures that the city can manage its business sensibly and accumulate less debt.
At the moment, behrens and brokenhorst from the society for road analysis are in the process of recording the condition – and thus the value – of the city's 130-kilometer-long road system. They drive through the city, recording the length, width and condition of the asphalt and entering the data into a computer system that uses stored data to determine the residual value of the road. The same is true for the accompanying walking and biking path or even brucken. Your results are needed for the city budget 2012.
For the third time, the budget is prepared according to the principle of "double-entry accounting", called "double-entry accounting" called "doppik". Detlef winkler of the city chamber describes the procedure as an early warning system for a municipality's financial situation. It should provide for more transparency in the financial conduct of a municipality. "Politicians set the targets and say how much they are willing to spend on a particular task. The double-entry method helps to determine whether these goals can be achieved", explains colleague sonja kohlmann. And behrens and brokenhorst's work ensures that the chamber can make as accurate statements as possible.
"One thing is certain: even with double-entry budgeting, there will be no more money", confirms chamber chief gerhard haagen. The "new municipal finance" was invented at the beginning of the 1980s in the netherlands. "And because the thing worked there, the myth was created that a municipality could become rich through double-entry accounting", explains detlef winkler.
Whereas in the previous budget system, only what was in the till paid – the economists speak of "cash flow" – everything a municipality owns is now included in the overall balance sheet. The income is not only offset by the current expenditures, but now money must also be set aside so that new equipment can be purchased, buildings renovated and employees' pension claims paid out.

At the expense of children

The keyword is "generational justice". So far, one generation has lived too much at the expense of the next. With double-entry budgeting, hidden burdens become more apparent. The costs for the new construction of the sattlertor kindergarten, for example, will be spread out over 30 years in slices and will burden the budget with the same amount in each of the following years.
These expenses were also there before, but no one wanted to see them, says kammerer haagen. His hope is that the presentation of resource consumption will raise awareness among decision-makers. You now have to decide for or against the construction of a school, a street or a bookstore including all consequential costs. The goal: "what our generation can afford, it must also be able to finance."
For the chamberer, this means: "the more a city affords, the more difficult it becomes to achieve a financial balance, because the consequential costs add up", explains kammerer haagen. Therefore, the question is becoming more and more important: what do I want to achieve with the use of my financial resources?? "This is the question that politicians must answer. We can only help you make decisions by showing how much debt we have and what financial reserves we have", clarifies the city chamberer.

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