finance
Whether you like it or not, money has a huge influence on your life. But do you actually know your money mindset, the ways in which you think about money and your attitude towards it? At first glance, the question might seem a bit silly, and many people are content merely to have "enough." But the matter of your finances is more complex than some might think. "It is worth looking inside yourself and sounding out your attitude towards money," says Professor Michael Heuser from the German Institute for Wealth Creation and Old Age Security. "I won't become really wealthy anyway;" "I just can't ha...
DPA International
An arbitration court in St Petersburg has frozen the assets of several banks in Russia, including Germany's Deutsche Bank and Commerzbank, after the planned construction of a terminal, which Deutsche Bank had helped to guarantee, was cancelled. The court action was taken at the request of RusChimAllianz, a Gazprom subsidiary operating an LNG terminal on the Baltic Sea. The company is claiming €239 million ($260 million) against Deutsche Bank, according to a report by the Russian state news agency TASS on Saturday. The assets blocked are securities belonging to Deutsche Bank and other companies...
DPA International
An arbitration court in St Petersburg has frozen the assets of several banks in Russia, including Deutsche Bank, after the planned construction of a terminal, which the German bank had helped to guarantee, was cancelled. The court action was taken at the request of RusChimAllianz, a Gazprom subsidiary operating an LNG terminal on the Baltic Sea. The company is claiming €239 million ($260 million) against Deutsche Bank, according to a report by the Russian state news agency Tass on Saturday. The assets blocked are securities belonging to Deutsche Bank and other companies in which it holds an in...
DPA International
Germany's Commerzbank is on track to achieve the record profits it is aiming for this year after seeing its best quarterly results since the start of 2011. "We have started the new year with a lot of momentum. The strong customer business and the very good result in the first quarter confirm our goal of increasing profits in 2024," said chief executive Manfred Knof on Wednesday. The fact that interest rates are not falling as quickly as expected a few months ago plays into the hands of Commerzbank with its focus on small- and medium-sized entreprises (SMEs) and private customers. However, the ...
DPA International
Germany's Commerzbank is on track to achieve the record profits it is aiming for this year after seeing its best quarterly results since the start of 2011. "We have started the new year with a lot of momentum. The strong customer business and the very good result in the first quarter confirm our goal of increasing profits in 2024," said chief executive Manfred Knof on Wednesday. The fact that interest rates are not falling as quickly as expected a few months ago plays into the hands of Commerzbank with its focus on small- and medium-sized entreprises (SMEs) and private customers. However, the ...
DPA International
Germany's Postbank and trade unions have reached a wage deal after almost three months of talks and repeated strikes, the company and unions announced on Thursday. In the fifth round of negotiations on Wednesday, unions and employers agreed on salary increases in two stages as well as an extension of protection against dismissal until the end of 2027. Postbank, a subsidiary of German banking giant Deutsche Bank, has been negotiating for months with the German Bank Employees' Association (DBV) and the trade union verdi, who together represent about 12,000 employees. Customers can breathe a sigh...
DPA International
Germany's Postbank and trade union leaders have reached a wage deal after almost three months of talks and repeated strikes, the company and unions announced on Thursday. In the fifth round of negotiations on Wednesday, unions and employers agreed on salary increases in two stages as well as an extension of protection against dismissal until the end of 2027. Postbank, a subsidiary of German banking giant Deutsche Bank, has been negotiating for months with the German Bank Employees' Association (DBV) and the trade union verdi, who together represent about 12,000 employees. Customers can breathe...
DPA International
Trade union leaders have asked workers at Germany's Postbank to authorize indefinite strikes against the bank after the latest round of collective bargaining talks fell short of a deal on wage and job security demands. Postbank, a subsidiary of German banking giant Deutsche Bank, has been negotiating for months with the German Bank Employees' Association (DBV) and the trade union verdi, who together represent about 12,000 employees. If workers authorize further action against Postbank, then renewed strikes could begin anytime after May 3, according to DBV. There have already been a number of s...
DPA International
German Finance Minister Christian Lindner has laid out a plan for the country to increase defence funding in the coming years and continuously meet the NATO alliance's spending targets in an interview with dpa. Lindner said money from a €100 billion ($107 billion) special defence fund created in 2022 in the wake of Russia's full-scale invasion of Ukraine would help boost spending in the coming years. The NATO alliance has called on all member countries to spend at least 2% of gross domestic product (GDP) each year on defence. The German special fund is expected to last until 2027. Lindner deni...
DPA International
German Finance Minister Christian Lindner has laid out a plan for the country to increase defence funding in coming years and continuously meet the NATO alliance's spending targets in an interview with dpa. Lindner said money from a €100 billion ($107 billion) special defence fund created in 2022 in the wake of Russia's full-scale invasion of Ukraine would help boost spending in the coming years. The NATO alliance has called on all member countries to spend at least 2% of gross domestic product (GDP) each year on defence. The German special fund is expected to last until 2027. Lindner denied m...
DPA International
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