Category Archives: business

Lufthansa cancels 900 flights as airport staff strike

LufthansaA public sector workers’ strike over pay at airports in Germany is set to cause travel disruption today.

Lufthansa, Germany’s largest carrier, has already cancelled almost 900 flights at airports including Frankfurt and Munich, equivalent to around 60% of its usual daily traffic.

Visa has lost interest in lobby

1International systems questioned the appropriateness of maintaining lobbying resources. Visa withdrew from the Board of profile association “National Payments Council” (NTC). Experts believe that Visa is actually recognized senseless investments in development of the Russian payments market.

The fact that Visa withdrew from the board of the Association “National Payments Council”, said the source. The NPC is confirmed.

The EU has advised banks not to buy Russian bonds

2Such a recommendation is given in support of sanctions against Moscow.

The EU has advised banks not to buy Russian bonds.

Such a recommendation is given in support of sanctions against Moscow, writes The Financial Times, citing sources.

Despite the fact that the restrictive measures that entered the EU, does not directly prohibit the purchase securities in Brussels believe that the proceeds may be used for other purposes.

Zara sees profits jump as sales soar

1Annual profits at Inditex, the owner of Zara and Bershka, have soared by almost €500m following a 8.5% rise in like-for-like sales.

The world’s biggest clothing retailer reported pre-tax profits of €3.74bn (£2.89bn) for 2015. It opened another 330 stores last year to bring the total to just over 7,000 in 88 markets.

The Spanish company said it would continue to expand its integrated store and online sales strategy globally.

Investors are moving into secondary cities

For luxury housing is not earn

1In the majority of the world’s major centers (London, Paris, Monaco) property premium falls in price. As a result, these objects lose their investment attractiveness. The strongest fall predictably showed Moscow, where, as recognized realtors, the last investment deal was still in 2014.

The past year was marked by a stagnation in the major global markets of premium real estate. According to the study Wealth Report 2016, conducted by an international company Knight Frank, the most expensive city was left Monaco last year, as in 2014, for $ 1 million here, you could buy only 17 square meters. m premium real estate. Hong Kong retained second place. There’s the past two years to $ 1 million, you can buy a 20 “squares.” However, in the closing three London house prices have already started to creep down. If in 2014 there is a $ 1 million could buy 21 square meters. m, then in 2014 – already 22 sq. m.

Head of “Rusal” Oleg Deripaska predicted 100 rubles per dollar and offered to settle Moscow

1The head of “Rusal” suggests that the price of oil could fall to $18 per barrel, and the capital called too high a burden on the economy.

The boss of “Rusal” Oleg Deripaska today at the plenary session as part of the Krasnoyarsk Economic Forum made ​​a statement on the ruble exchange rate, oil prices and Moscow’s settlement.

Speaking at the Siberian forum, the businessman said that he was not surprised by the price of a barrel of black gold at $18, as well as the dollar exchange rate of 100 rubles. “It is impossible to pray and wait, looking at the quotes, the best will be gone. It must be understood that the structural overproduction of a long time, can see the price of oil and $18 – do not die, and we can see the rate of 100 rubles – is not going to die. We need to move, realizing that it would be”, – quoted by Tass businessman.

Japan’s economy contracts in 4th quarter

3Japan’s economy contracted in the final three months of 2015, adding to a string of setbacks for the government’s economic reform policy. Between October and December, it shrank by 0.4% compared with the previous quarter, official figures show. Expectations for the numbers were for a quarterly contraction of 0.3%.

Weaker domestic demand, together with slower investment in housing, contributed to the disappointing numbers. On an annualised basis the economy contracted 1.4% during the period. That compares with expectations for an annualised contraction of 1.2%. The annualised figure is the rate at which the economy would have contracted over a full 12 months had the December quarter been a reflection of the entire year.