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☆ Millennials Make the Most of the Housing Market; Renovating Rentals
▼ + stars: | 2024-04-11 | by ( Emily Jensen | ) www.businessinsider.com time to read: +12 min

In a 2022 survey by Apartment List, a quarter of millennials said they expected to rent forever. And housing experts say that when it comes to homeownership, millennials are the most screwed generation. "Millennials have a much different mindset on life in general than the generation before us," Muller told me. But millennials' housing misfortunes go beyond personal spending habits; they entered adulthood at a terrible time for the housing market. At the same time the housing market was soaring out of control during the pandemic, people were spending more time at home.

Persons: Brigette Muller, she'd, Muller, I'm, Franchesca Ramsey, Marco Zamora, millennials, There's, Jim Parrott, Parrott Ryan, Parrott, they've, Caroline Winkler, Winkler, Alexandra Gater, Hattie Kolp, Benjamin Fix, —, Rose Matthes, Matthes, Zamora, messaged, Stardust, she's, Nice, I've, Emily Jensen Organizations: TikTok, Urban, Urban Institute, Urban Outfitters, YouTube, New York, GQ, Street Journal, Fashion Locations: Greenpoint , Brooklyn, Los Angeles, Cincinnati, Washington , DC, reno, Toronto, New York, San Francisco, Denver, Santa Fe, Poplight, Washington ,, Nice, Philadelphia, New, New York City

German Chancellor Olaf Scholz's coalition unveiled in July a strategy toward de-risking Germany's economic relationship with China, calling Beijing a "partner, competitor and systemic rival". German investment in Asia excluding China is rising as a share of overall investment. "No company is going to say that it will leave China," said Sandra Ebner, senior economist at Union Investment, Germany's second-largest fund manager. "But what companies are increasingly doing is to produce in China for China and to position themselves around China for the remaining Asian or global market." In July, German Economy Minister Robert Habeck travelled to India with a delegation of executives to discuss opportunities for German companies.

Persons: Thomas Nuernberger, Nuernberger, Olaf Scholz's, Volker Treier, Munk, Ferdinand Munk, Scholz, Angela Merkel's, Martin Brudermueller, Max Zenglein, Juergen Matthes, Markus Horn, Matthias Bianchi, Joe Biden, Wolfgang Niedermark, Jan Roennfeld, Roennfeld, Sandra Ebner, BDI's Niedermark, Robert Habeck, Christoph Steitz, Sarah Marsh, Maria Martinez, Aditya Kalra, Sarita Chaganti Singh, Xinghui, Orathai, Brenda Goh Organizations: Reuters, Commerce and Industry, Volkswagen, Mercedes, Benz, BASF, IW Institute, Big, Mercator Institute for China Studies, Economic Institute, Horn, German Association of, Indonesian Chamber of Commerce, Union Investment, Thomson Locations: FRANKFURT, BERLIN, Berlin, Beijing, China, Taiwan, India, Asia, Germany, Europe, Vietnam, South Korea, Indonesia, South China, European, Thailand, United States, Mexico, Indonesian, Eastern Germany, Malaysia, Frankfurt, New Delhi, Xinghui Kok, Singapore, Bangkok, Shanghai

However, that was still nearly twice as much as the 5.5 billion euros invested in 2019, before the coronavirus pandemic hit. Reuters GraphicsOverall German direct investment flows dropped more sharply, to 63 billion euros from 104 billion euros last year, as Europe's largest economy battled recession. "Although the German economy is overall investing much less abroad, new direct investments in China remain nearly as high as before." Matthes pointed out that investments in the rest of Asia as a share of Germany's overall investments was also rising. "It is notable that nearly a quarter of German direct investment flows recently went to Asia," he said.

Persons: Thomas Peter, Juergen Matthes, Matthes, Sarah Marsh, Friederike Heine, Christina Fincher Organizations: REUTERS, Rights, Investment, Reuters, Reuters Graphics, Volkswagen, BASF, Thomson Locations: Beijing, China, Asia

☆ China fast encroaching on Germany's share of EU markets - study
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +1 min

A study by the employers' economic think tank IW found that in some sectors China's share of EU imports had risen as much as or more in the two years to 2022 as they had in the preceding decade, prompting the think tank to warn that there was a risk of Germany's economic motor stalling. "These findings give cause to worry given the challenges of the energy change and problems with Germany's competitiveness," said researcher Juergen Matthes. Among the challenges the study listed was the role played by Chinese state subsidies in many sectors where Chinese companies were taking an increasing EU market share, and while high energy costs following the loss of Russian gas were weakening energy-intensive sectors like chemicals. High energy costs were also a drag on automotive exports at a time when Chinese e-vehicle makers were starting to conquer the European market, Matthes added. Reporting by Reinhard Becker, writing by Thomas Escritt, editing by Rachel MoreOur Standards: The Thomson Reuters Trust Principles.

Persons: Juergen, Matthes, Reinhard Becker, Thomas Escritt, Rachel More Organizations: European Union, EU, Thomson Locations: Germany, Ukraine

☆ China targeting German tech 'through back door' with licences: report
▼ + stars: | 2023-08-10 | by ( ) www.cnbc.com time to read: +1 min

(Photo by John MACDOUGALL / AFP) (Photo by JOHN MACDOUGALL/AFP via Getty Images)China is going after licences to boost its access to German technology as investment regulation makes company acquisitions in the sector increasingly difficult, the Handelsblatt newspaper reported on Wednesday, citing a study. The study conducted by the IW economic institute, analysing Bundesbank data on behalf of the newspaper, found German licence revenues from China more than tripled in 2022 compared to 2014. Compared with 2020, the increase was about half. "There is a clear early indication that Chinese companies are looking for a new way to get access to German technology," said Juergen Matthes, head of IW's global and regional markets research unit. Tech licences are one way for China to try to get in "through the back door", he told Reuters.

Persons: John MACDOUGALL, JOHN MACDOUGALL, Juergen Matthes Organizations: AFP, Getty Images, Tech, Reuters Locations: Berlin, Germany, China, Russia

☆ China targeting German tech 'through back door' with licences - report
▼ + stars: | 2023-08-09 | by ( Reinhard Becker | ) www.reuters.com time to read: +2 min

The flags of Germany and China are seen ahead of a meeting between German Chancellor Olaf Scholz and Chinese Premier Li Qiang in Berlin, Germany, June 19, 2023. REUTERS/Fabrizio BenschBERLIN, Aug 9 (Reuters) - China is going after licences to boost its access to German technology as investment regulation makes company acquisitions in the sector increasingly difficult, the Handelsblatt newspaper reported on Wednesday, citing a study. Tech licences are one way for China to try to get in "through the back door", he told Reuters. As a result, direct investments and takeover bids by Chinese companies have attracted scrutiny in Berlin in recent months. Through licensing agreements, Chinese companies can gain legal permission to use German technology.

Persons: Olaf Scholz, Li Qiang, Fabrizio Bensch BERLIN, Juergen Matthes, China's Cosco, Rachel More, Kirsti Knolle, Sharon Singleton Organizations: REUTERS, Tech, Reuters, Thomson Locations: Germany, China, Berlin, Russia, Hamburg

☆ Fact Check-Handelsblatt cover of cartoon Volodymyr Zelenskiy reaching toward NATO door is fake
▼ + stars: | 2023-07-14 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A fabricated German newspaper cover featuring a cartoon of Ukrainian President Volodymyr Zelenskiy reaching toward a door that is out of his reach and marked with a NATO emblem is circulating online. The door is attached to a stick which, in turn, is attached to a band around Zelenskiy’s head, making the door out of reach. Sebastian Matthes, editor-in-chief of Handelsblatt, told Reuters that the image shows a fake cover. The front cover circulating online cannot be seen when conducting a search via the newspaper’s social media channels (www.facebook.com/handelsblatt), (twitter.com/handelsblatt/), (here). The fabricated cover began circulating as Zelenskiy attended a NATO summit in Vilnius, Lithuania, this week (here).

Persons: Volodymyr Zelenskiy, Jens Stoltenberg, “, Sebastian Matthes, Handelsblatt, Zelenskiy, Read Organizations: NATO, Reuters Locations: Vilnius, Lithuania

☆ Tesla instructed employees to only communicate verbally about complaints so there was no written record, leaked documents show
▼ + stars: | 2023-05-27 | by ( Aaron Mcdade | ) www.businessinsider.com time to read: +4 min

Handelsblatt published a series of stories detailing unreported customer complaints and possible data mishandling. One of the leaked documents contained a Tesla policy to only discuss customer complaints verbally, not in writing. Thousands of documents leaked to a German newspaper indicate Tesla enforced a company policy that discouraged creating a written record of customer complaints involving acceleration, braking, and crashes. "Do not copy and paste the report below into an email, text message, or leave it in a voicemail to the customer," Tesla instructed employees, according to files leaked to Handelsblatt. Handelsblatt reported conversations with dozens of those affected by the complaints, including some who showed reporters video of the incidents or their communications with Tesla.

☆ Japan whaling firm pins hopes on vending machines to revive sales
▼ + stars: | 2023-01-24 | by ( Chris Gallagher | ) www.reuters.com time to read: +3 min

[1/6] A customer buys whale meat on the opening day of the shop by a Japanese whale-hunting company with vending machines, in Yokohama, Japan, January 24, 2023. REUTERS/Androniki ChristodoulouYOKOHAMA, Jan 24 (Reuters) - A Japanese whaling firm unveiled vending machines offering whale sashimi, whale steak and whale bacon in Yokohama on Tuesday in hopes of reviving sales of a food long in decline and shunned by many supermarkets. At its peak in 1962, annual whale meat consumption was 233,000 tonnes. Conservationists say moves to promote whale meat are desperate attempts to revive interest in a struggling business. Whale meat advocates point to its high protein content and low carbon footprint compared with other meats.

☆ The new European vacation? Travelers are returning for trips that are all about food and wine
▼ + stars: | 2022-11-04 | by ( Lucy Handley | ) www.cnbc.com time to read: +9 min

Last year, the couple set up a tour company called Stay Awhile, which organizes trips "designed around food," according to the company's website. Guests taking part in Stay Awhile's French baking course visit the area to sample gourmet delicacies. A food tour of San SebastianPintxos are a staple in San Sebastian, one of the most popular places for foodies in Spain's Basque Country. It's not just doing a wine tour … it's a gourmet getaway," Stebbings told CNBC by phone. On a tour of the French Languedoc-Roussillon region, travelers can take a boat trip to an oyster farm off the coast of Montpellier.

The visit — the first by a G7 leader to China in roughly three years — comes as Germany slides towards recession. A spokesperson for Hamburger Hafen und Logistik (HHLA), the company operating the port terminal, told CNN Business on Thursday that it was still negotiating the deal with Cosco. “The restrictions are suffocating economic growth and heavily impact China’s attractiveness as a destination for foreign direct investment,” he told CNN Business. The ministry did not respond to a request for comment from CNN Business. He predicted that “the large majority will stay committed to the Chinese market and is expecting to expand their business.”Companies appear to be toeing that line.

☆ În unele spitale din Germania bolnavii de Covid sunt tratați cu rădăcină de ghimbir și praf de meteorit
▼ + stars: | 2021-01-11 | by ( ) www.jurnal.md time to read: +9 min

Germania este țara care a dezvoltat primul test de detectare a coronavirusului și primul vaccin aprobat în vestul Europei. Acestea urmează filosofiile „savantului spiritual” și autoproclamatului clarvăzător Rudolf Steiner și pledează pentru astfel de terapii pentru combaterea coronavirusului din cauza unui presupus „efect de ameliorare a anxietății asupra sufletului și corpului” și a capacității de „consolidare a relației interiorului nostru cu lumina”. Cum s-a născut SteinerismulSteinerismul - cunoscut și în afara Germaniei - a început ca o filozofie spiritualistă multidisciplinară, la sfârșitul secolului al XIX-lea. „Antroposofia susține că are acces la cunoștințe secrete și superioare”, a spus Zander. Antroposofia a fost de mult una dintre cele mai influente mișcări ezoterice din Germania.

Persons: Rudolf Steiner, Steiner, ., Isus, Helmut Zander, Jens Spahn, Oliver Rautenberg, Antroposofia, Observer, azilele Steiner, Harald Matthes, Stefan Kluge, Robert Jütte Locations: Germania, Europei, Berlin, Germaniei, austriac, antroposofia, german, Havelhöhe, Charité, Hamburg

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