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Friday, April 17
4:45 p.m.: Toilet paper situation has eased in Germany
After buying hamsters in the crown crisis, the The demand for toilet paper in German retail has now decreased. Consumers showed a little more serenity when asked for products, including hygiene items like pasta and rice, a spokesman for the German Trade Association (HDE) told the German Press Agency on Friday.
4:15 p.m.: EU Parliament for joint construction bonds
The EU Parliament voted on Friday with a large majority for common European “accumulation bonds” to deal with the economic consequences of the crown crisis. This is intended to finance future investments, but not to communicate existing debts. Common debt issuance is highly controversial among EU countries. The European Parliament resolution is not binding on EU member states, but is considered politically innovative.
4:10 p.m.: Possible corona medication increases the stock of Gilead
Shares of the American pharmaceutical company Gilead Science are on Friday after a report on one Partial success in the development of a corona drug. it started with massive profits. Shortly after opening, Gilead shares rose 9.36 percent to $ 83.71. A company drug shows success in treating seriously ill patients with Covid-19, according to a media report.
3:30 p.m.: Drug Shortage Warning
The Chamber of Pharmacists warns of a drug shortage due to the crown crisis. Already today, pharmacists would spend an average of two hours of their daily work time to buy medications that are not available on-site or solve the problem elsewhere, for example, switching to a drug-like product, according to the group. of interest on Friday.
3:15 p.m.: Vienna airport cancels dividend
Vienna airport cuts dividend for 2019 in light of crown crisis and launched a savings program of “more than 220 million euros”. Currently, the airport is experiencing a 98 percent decrease in passenger numbers, and the workforce is working in the short term.
Investments planned for 2020 will be reduced to less than 100 million euros. The airport administration wants to complete Office Park 4 and Terminal 2, the southern extension and the renewal of the eastern pier will be postponed.
2:30 p.m.: ATX is growing strongly
The Vienna Stock Exchange continued to present a profit on Friday afternoon. The national leading index ATX rose 3.48 percent at 2:15 p.m. at 2,076.60 units. Thanks to the positive signs in the crown pandemic, investors again took strong control of the stocks. According to media reports, a drug from the American pharmaceutical company Gilead Sciences has shown initial success in the fight against Covid-19.
2:15 p.m.: Japan makes direct payments
People living in Japan now receive direct payment from the government in the crown crisis. As Prime Minister Shinzo Abe announced on Friday, all residents of the country, both Japanese citizens and foreigners, should receive a payment of 100,000 yen (854 euros). The aid is part of a government stimulus package totaling more than € 900 billion and is intended to help boost the economy.
1:40 pm: German Chamber of Commerce wants to loosen border traffic to Austria
The German Chamber of Commerce appealed to Austria on Friday to facilitate the closure of the Covid 19 border. “Business must work,” the DHK said in Vienna. Border traffic is “extremely important” for bilateral economic relations between Germany and Austria. Border traffic restrictions “must be regulated accordingly.”
Currently there are “massive restrictions”. However, business should be possible across the German-Austrian border, “without waiting hours and with the certainty that it will return from time to time,” the Chamber of Commerce said on Friday.
1:20 p.m .: Karas (ÖVP) sees majority for accumulated bonuses
According to Vice President Othmar Karas (ÖVP), the EU Parliament will vote on Friday on so-called “accumulation bonds” with a “large majority”. This common European debt instrument is intended to finance a € 1.5 trillion reconstruction fund to deal with the crown crisis.Karas said in a video conference on Friday. These common bonds are not Eurobonds, but should be future-oriented, allocated and time-limited, Karas said.
1.00 p.m .: Short-term job at ÖBB, hope for economic stimulus
The Austrian Federal Railways (ÖBB) are seriously affected in the crown crisis, the 2020 budget is in the garbage. Passenger traffic decreased by about 80 percent, cargo traffic by as much as 30 percent. The State Railways want to bring the crisis out of the crisis again with short-term work, an economic stimulus program, adjusting contracts with clients and subsidies for cargo transportation.
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12:40 p.m.: Basement US Crude Oil Prices
The drop in demand caused by the coronavirus pandemic is again affecting the price of oil. The US grade WTI loses a good nine percent and is $ 18.03 a barrel as cheap as it was over 18 years ago. US inventories were rapidly filling as refineries demanded less and less crude oil, says Bjornar Tonhaugen, head of the Rystad brokerage’s oil business.
12:30 p.m.: Benko shopping malls go to court
The German department store group Karstadt Kaufhof Gallery, which belongs to the holding company Signa of the Austrian investor Rene Benko, takes legal action against the closure of its department stores in the crown crisis. The court announced on Friday at the Higher Administrative Court of North Rhine-Westphalia (OVG) in Münster the corresponding urgent procedure against the Crown Protection Ordinance. (Az. 13 B 484 / 20.NE)
12:00 noon: EU Commission approves guarantee support for SMEs
The European Commission approved today, Friday, the guarantee aid for small and medium-sized enterprises (SMEs) decided by the national government. Companies affected by the crown crisis can have loans of up to € 500,000 fully guaranteed by the state with its internal bank. State guarantees of up to 90 percent are also possible for loans of more than half a million and up to 25 million euros.
11:17 am: short-term job: next week billing
Coming soon in the practical implementation of short-term work. “The necessary documents for billing or a specially programmed billing tool will be available to companies at the beginning of next week at the latest”, spokeswoman for Labor Minister Christine Aschbacher (ÖVP), told the APA on Friday. The money is also expected to flow soon. The goal is that “there will be a timely payment as a result.” Corona’s short-term work is not intended to close liquidity bottlenecks in the short or medium term. The ministry spokesperson emphasized that there were many other options for bridging through banks or various aid funds.
11:10 a.m.: the Crown crisis massively depresses VW sales
The decline in auto demand and the mass production bottlenecks in the crown crisis have dThe VW Group business was seriously affected in the first quarter. The world’s largest manufacturer announced Friday for the period a 23 percent drop in deliveries compared to the year before to a good two million vehicles. As reported at Volkswagen in Wolfsburg, the decline was particularly marked in March: 37.6 percent fewer new cars were sold in the month than in March 2019.
11:02 am: ÖBB expects a drop this year
Austrian Federal Railways (ÖBB) ended fiscal year 2019 with a solid result. Rail passenger transport increased to almost 267 million passengers. However, cargo traffic suffered a significant drop and was only slightly positive, as announced by the State Railways on Friday. After the stable result of the previous year, the Federal Railways are struggling this year with the crown crisis, which for ÖBB means a decrease in the schedule, a massive decrease in passengers and a significantly lower freight transport. Most of the night trains were discontinued, and a short-term work agreement was concluded in the group. CEO 2020 CEO Andreas Matthä expects the outcome in 2020 to be affected. Cargo traffic is particularly under pressure.
10:28 am: Billions of holes in Uber’s balance sheet
The corona virus crisis has left billions on Uber’s balance sheet. The operator will have to write down $ 1.9 to $ 2.2 billion (up to € 2 billion) in its investments, the annual forecast given in early February is invalid. Uber was already in the red, anyway, in the last quarter of 2019 the group had posted a loss of $ 1.1 billion.
10:03 am: ATX clearly in the morning
The Vienna Stock Exchange presented clear gains in early trading on Tuesday. Dthe ATX rose 3.13 percent to 2,069.62 units around 9:50 a.m. Tailwind provided specifications from abroad. Both the Asian and US futures indices. USA They have increased considerably. It became known overnight that the American pharmaceutical company Gilead Sciences could have found a potent means to combat the symptoms of Covid-19.
9:45 am: AUA extends work in the short term for the moment May 19
As predicted by the airline that is negotiating state aid, AUA (Austria) is now extending short-term work for 7,000 employees by April 20 for one month until May 19. The move is justified in a message on Friday with global developments around the corona virus and travel restrictions still valid. There is simply no demand. The Lufthansa subsidiary is feverishly working on a reboot. State aid negotiations began yesterday, Thursday. According to reports, this year alone is around 800 million euros. In parallel with negotiations with the government for state aid, AUA leaders are also talking to the works council and union about the austerity measures.
9:22 a.m.: Falling fuel prices dampen inflation
There has been a drop in fuel prices. Inflation in Austria fell to 1.6 percent in March. In February, the inflation rate was still 2.2 percent. Falling energy prices are causing falling inflation rates across the euro area. Measures against the spread of the coronavirus had a very limited impact on calculating the March inflation rate, according to Austrian Statistics on Friday. The price surveys for the consumer price index were carried out mainly in the first half of the month, that is, before the closing of businesses related to the coronavirus.
9:14 a.m. AMS Board Johannes Kopf is temporarily represented by his fellow committee member Herbert Buchinger due to illness. “It is not a bad thing, nor is the coronavirus or anything more bad,” an AMS spokeswoman said Friday morning when the APA requested a message. “He is sick and he will come back. You don’t have to worry.”
9:02 a.m. – largest decline in employment since 1952/53
The Corona crisis caused the number of employees in Austria to fall as sharply as it had in the cold winter of 1952/53. The number of dependent employment contracts decreased in March compared to the same month of the previous year by 186,974 to 3,589 million. This corresponds to less than 5 percent, according to current social security data. In absolute numbers and relative to the previous year’s figure, this decline in employment was not only greater than at the height of the past economic and financial crisis (April 2009: -2.3 percent), but also the biggest decline since the winter of 1952/53 years (December 1952: -5.9 percent). The decline in employment in March is the first drawback since February 2010, according to Wifo labor market economist Julia Bock-Schappelwein. As a co-author, she has created a current report from Wifo on the employment situation based on data from the umbrella organization of social security institutions.
8:40 am: Argentina is looking to get out of debt
In the face of the serious economic and financial crisis the Argentine government proposes a haircut to its private creditors. Interest payments are expected to drop by $ 37.9 billion, or 62 percent, as Commerce Secretary Martín Guzmán said. The debt burden itself is expected to decrease by $ 3.6 billion, or 5.4 percent. Argentina plans to restructure a total of $ 68 billion in loans and has now made a debt rescheduling offer to private creditors. “It is clear that Argentina cannot pay anything at the moment”Guzmán said. Therefore, both repayments and interest payments must be deferred for three years. Beginning in 2023, the government plans to resume interest payments and increase them step by step.
8.12 a.m. – new car registrations in the EU halved in March
New car registrations in the European Union collapsed in the crown crisis in March. In the 27 EU countries, excluding Britain, registrations fell 55.1 percent to 567,308 cars compared to the same month last year, as announced by the European industry association Acea in Brussels on Friday. Most car dealerships in Europe closed during the second half of March due to official instructions.
There was a particularly pronounced decline in Italy, where records fell 85.4 percent. Germany recorded a 37.7 percent drop. In Austria, the drop was 66.7 percent to 10,654.
7.44 am: Trump wants to reopen the US USA In three phases
United States President Donald Trump wants to use three new phases to guide the United States back to normal in the crown crisis and gradually reopen the economy. A nationwide shutdown could not be a long-term solution, Trump said Thursday night (local time) at the White House with a view to the economy.
Thursday, April 16
22:8 p.m.: one of those harvest helpers who was transferred to Innsbruck from Innsbruck as a key worker for Tyrolean and Carinthian vegetable growers on Wednesday, is positive for corona virus It has been tested. Another 19 workers who have been defined as close contacts are now in quarantine, the country said Thursday night.
A total of 143 harvest workers had arrived, 141 were now negative tested: a test must be repeated. Everyone on the plane was wearing gloves and mouth and nose protection. Workers with negative tests may start their work in constant small groups at the respective companies, but they are in their “employee and work environment.”
8:13 pm: The discussion about a third runway for the Vienna airport has broken out again. WWF climate activists, for example, recently called for the third track to be closed. In “Kurier” (Friday edition), Transport Minister Leonore Gewessler (Greens) told the aviation industry great transformation Ahead When asked if projects like the third runway at the airport had already died, Gewessler said: “The airport has to decide that. I suppose a decision will be made in light of the current situation there.” said the minister. Airport CEO Günther Ofner does not believe the crown crisis will have a dramatic impact on the third runway, as the project would not start before 2024.
7:40 pm: The Car market in Germany it should be around 2020 20 percent enter In view of the collapse of car sales due to the virus crisis, the auto industry now has government support. Auto expert Stefan Bratzel (Automotive Management Center) calls Incentives to buy drop in demand.
7:10 pm: The ECB banking supervision is further facilitating the situation in euro area financial institutions due to the crown crisis. Capital guards to protect themselves against market risks would be temporarily reduced, bank guards in Frankfurt announced Thursday. This decision is said to respond to major price fluctuations on the stock exchanges since the virus outbreak. Among other things, this should ensure that institutions continue to provide market liquidity and act as market makers on the stock exchanges. The European Central Bank (ECB) has been responsible for controlling large banks in the monetary area since autumn 2014. It currently monitors 115 money houses
6:40 pm: At Innsbruck airport A total of 142 harvest assistants from Romania landed at the time of the crown, 122 of them for the cultivation of Tyrolean vegetables and 20 specialists for Carinthia.. The laudamotion flight for key workers on Wednesday night was organized and paid for by Tyrolean vegetable growers, the country said. There was also an Austrian citizen on board who could return home. According to the state of Tirol, the occupants were equipped with masks and mouth gloves when they left Romania. The allocation of space on the aircraft was based on the duration of service. Immediately after arriving in Innsbruck, each passenger’s temperature was measured and a smear was performed for a crown test. Harvest assistants were taken to the staff quarters of the 17 Tyrolean vegetable growers in the districts of Innsbruck-Land, Schwaz, Innsbruck and Landeck and to Carinthia in minibuses with a maximum of five people or, while maintaining safe distances on a bus.
6:17 pm: The game fair Gamescom will only take place digitally in 2020. After the national ban on large-scale events until the end of August, it is now clear that there will be no trade fair in the previous format in Cologne this year, the Cologne fair announced on Thursday. Gamescom is the world’s largest event for computer and video games with hundreds of thousands of visitors. This year it will take place from August 25 to 29.
5:55 pm: The Vienna Stock Exchange closed significantly lower on Thursday. The domestic The ATX leading index decreased 2.02 percent or 41.29 points at 2,006.75 points. The ATX Prime fell 1.67 percent to 1,035.21 points.
5:53 pm: European aircraft manufacturer Airbus currently struggling with an avalanche of customer requests to postpone orders. Airbus CEO Guillaume Faury said Thursday that they would speak to customers about it and seek solutions for each case and each plane. Airbus is struggling “with the deepest crisis in the history of the aviation industry.” The Frenchman said this to shareholders in a video message that was broadcast by the general meeting at an Amsterdam hotel. In view of the crown crisis, neither the board nor the board of directors was present, The meeting was chaired by an attorney. Airbus had strongly advised shareholders not to appear in person.
