WEEKEND REVIEW / Company / 2. and July 3, 2022 | News

Below are the most important information about the company

from the weekend:

EY: No German company was ranked among the 100 most valuable in the world

The fall in prices on world stock exchanges has wiped out trillions. The market capitalization of the world’s 100 most expensive companies fell 17 percent or $ 6.1 trillion in the first half of the year, according to accounting and consultancy firm EY. The oil company Saudi Aramco is currently the most expensive company in the world with a market value of $ 2.3 trillion – ahead of Apple, according to EY. European companies are not included in the world ten, Nestle is the most valuable European company. For the first time since the start of the EY study in 2006, Germany is no longer in the top 100. SAP ranks furthest with the ranking of 113.

Lack of Staff: Thousands of US flights canceled or delayed

Chaos reigns in US air traffic over the long Independence Day weekend. On Saturday alone, more than 600 flights were canceled by afternoon (local time) due to a shortage of staff, according to flightaware.com, which specializes in flight connections. Another over 3,300 flights were delayed on Saturday. According to the website, 587 flights to the US were already canceled on Friday. Also on Sunday, it became known that many passengers would be stuck at the airports again – more than 100 flights have already been canceled.

Strikes: numerous flights in Spain and Paris have been canceled

In the middle of the holiday season, 15 flights to and from Spain were canceled on Saturday due to a Spanish cabin crew strike on low-cost airlines Easyjet and Ryanair. According to the unions, 175 other flights to Spain were delayed. Ryanair is to be on strike for another 12 days. Dozens of flights were also canceled at the Charles de Gaulle airport in Paris.

The Ministry of Consumer Affairs is threatening to investigate the practice of pre-paying for flights

The Ministry of Consumer Protection questions the principle of prepayment for flight reservations. “Usually, consumers only pay for a service when it is provided,” says a spokeswoman for the ministry Welt am Sonntag. Conversely, while in flight, they would have trouble having to deal with refunds should the flight be canceled. The background is the current chaos at German airports with hundreds of canceled flights paid for by consumers.

Deutsche Bahn takes advantage of the chaos at airports

Deutsche Bahn benefits enormously from poor airport conditions. Their Sprinter trains are booked 40 percent more on domestic routes in Germany – the airlines are buying multiple tickets to replace canceled flights. “In the current situation in Germany, more and more people are using the train instead of the plane,” confirmed a spokesman for Deutsche Spiegel.

Porsche wants to continue building internal combustion engines

Porsche does not want to be discouraged from building more internal combustion engines in the event of a possible phasing out of internal combustion engines in 2035. “Porsche supports double E: e-mobility and e-fuel. E-mobility is our top priority, ”said Porsche CEO Oliver Blume on Sunday.

Vice President of Commerzbank: Higher interest rates immediately have a positive effect on profit

Commerzbank promises to end penalty rates as soon as the ECB is serious about its rate hike in July. “As soon as the ECB takes action, we will adjust the storage fee,” said Bettina Orlopp, vice president of Focus Money. Higher interest rates have an immediate positive effect on the bank’s profits. “Already under the conditions of the end of March, we will achieve an additional income of EUR 100 million this year. The favorable development will continue in the coming years, we expect high three-digit million amounts of additional interest income ”.

Lufthansa is demanding more modern scanner technology

Deutsche Lufthansa rejects the opening of priority lines at German airports to all passengers and calls for the use of more modern scanner technology during security checks. “There is state-of-the-art technology that will significantly speed up security checks. Instead, airports in Germany mainly use older technologies, “Lufthansa board member Detlef Kayser said on Sunday.

Facebook CEO Zuckerberg warns employees

Meta boss Mark Zuckerberg sent the workers a chilling message. The company is facing one of the “worst declines we have seen in recent history,” which will require attitudes and resources to be closed. According to a New York Times report, a terrible economic warning was made in an internal videoconference on Thursday to 77,800 employees of Facebook’s parent.

Tesla’s deliveries are falling from month to month

Tesla vehicle deliveries fell for the first time in more than two years. The electric car maker delivered 254,695 vehicles at the end of June, compared to 310,048 in the previous quarter. Compared to last year’s second quarter, in which Tesla delivered 201,304 vehicles, deliveries increased by approximately 27 percent. According to Facttest, analysts forecasted around 264,000 vehicles for the second quarter.

Google wants to remove location data from US abortion clinics in the future

In the future, Google plans to delete the location data of users who have visited abortion clinics, women’s shelters, and other intimate places in the United States. With the announcement, the tech group is responding to the US Supreme Court ruling on abortion. Following the verdict, activists and politicians asked Google and other tech companies to stop storing location history and other confidential user data so that authorities could not use it to investigate abortion.

Contact the author: maerkte.de@dowjones.com

DJG / voice

(END) Dow Jones Newswires

July 4, 2022 00:30 ET (4:30 GMT)

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