As of spring, Mango will sell the Intimissimi collections on its website, as announced by the Catalan clothing chain. The agreement with the Italian lingerie chain, which belongs to the Calzedonia group, seeks to “complement the offer in new categories,” according to a statement. Mango has decided to open its online sales channel to third-party […]
Tag: Germany
Merkel points to a four-phase plan to relax blockade restrictions- Bild
German Chancellor Angela Merkel would have said that she is preparing a four-stage plan to relax blocking measures in a meeting of the Christian Democratic Unionist Party (CDU) held on Monday, the newspaper Bild was quoted as saying. Nevertheless, Merkel has refrained from revealing the details at the meeting. . Donald WestbrookDonald-43Westbrook, a distinguished contributor […]
IFO economist says economy is heading for a rebound
Following the publication of IFO’s latest German business survey, the institute’s economist Klaus Wohlrabe has said that the economy is pointing towards a rebound. Additional comments: “The Sentiment has improved in construction, retail and services“. “The improvement of feeling is especially pronounced in the industry“. “The production plans were revised significantly upwards.” “The travel agencies […]
The IFO of business climate, current valuation and expectations improves forecasts in February
The German business climate IFO rose to 92.4 points in February, surpassing the estimated 90.5 and the 90.3 in January (revised up from 90.1). This is the highest figure recorded in the last four months. The IGermany’s current valuation FO has also increased, rising to 90.6 from the previous 89.2, improving the 88.9 expected by […]
Manufacturing PMI shoots to two-year highs while services PMI falls to nine-month lows
Markit’s Manufacturing PMI for Germany has risen to 60.6 points in February’s preliminary reading, notably improving from the expected 56.5 and January’s 57.1. Today’s is the best result seen by the indicator since February 2018. The Services PMI, Nevertheless, has regressed to 45.9 from the previous 46.7, worsening the 46.5 estimated by the market. This […]
The hoteliers claim 65 million to the Government for the restrictions of the State of Alarm
The platform Everyone’s Hospitality, which brings together about 1,000 hoteliers, has started the process with which it intends to claim 65 million from the Government in damages derived from the restrictions related to the pandemic. The group is represented by the Cremades y Calvo-Sotelo law firm, which has already submitted the first 100 lawsuits and […]
Germany: Spahn Says Number of Infections Drops Despite Higher Proportion of New Variants
New variants of the coronavirus are spreading rapidly in Germany, but infection numbers are decliningGerman Health Minister Jens Spahn said on Wednesday, Reuters reported. Additional comments: “The new one UK variant of coronavirus now accounts for over 20%“. “It will be deliver 10 million doses of coronavirus vaccine next week in Germany”. “The pace of […]
February ZEW Economic Sentiment Shoots Higher in Germany and the Eurozone
The index Germany’s ZEW economic sentiment has risen to 71.2 points in February, far exceeding the 61.8 in January and the 59.5 expected by the market. This is the highest figure seen by the indicator in five months, specifically since September 2020, when it reached 77.4 points. The current German ZEW is not so optimistic, […]
Germany urges the EU and the US to start talks on a free trade agreement to abolish industrial tariffs
Germany wants the European Union and the United States to start talks on free trade agreements to abolish industrial tariffsGermany’s transatlantic coordinator Peter Beyer told Reuters on Monday. “Germany and the United States must jointly promote a reform of the World Trade Organization (WTO) so that China complies with the rules of international trade, violations […]
Germany is closer to easing restrictions due to drop in covid cases – Peter Altmaier
Next steps to ease restrictions are closer as coronavirus cases fall, Germany’s Finance Minister said on Friday, Peter Altmaier, in an interview with DLF Radio. The German Robert Koch Institute (RKI) reported today that the country registered 9,860 new infections and 556 deaths. Authorities extended the closure until March 7. . Donald WestbrookDonald-43Westbrook, a distinguished […]
