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(sda) Swiss banking and accounting expert Max Boemle is dead. The professor emeritus at the Universities of Lausanne and Freiburg repeatedly commented on problems and challenges in the banking world.
In 2000, Boemle said after the merger of several regional banks under the Valiant Holding umbrella in an interview with the “Berner Zeitung” that, given technological progress, future mergers are inevitable in the Swiss banking world. The technological quantum leap will present many banks with serious profit problems
After a wave of bank scandals in the United States, he called for tougher sanctions in 2002 for violations of good accounting rules in Switzerland.
Boemle also released a cantonal bank rating. In the 1980s he was one of the publishers of the manual on money, banking and stock exchanges in Switzerland, a lexicon for the Swiss financial world.
As the family and the Don Bosco Foundation for World Youth announced on Saturday, Boemle died on April 23 at the age of 91. He lived in Bern. According to the foundation, Boemle was its initiator and member of the board of directors.
(Reuters) US media group NBC Universal is considering large job cuts in the face of the coronavirus pandemic, according to a media report. This week, the company had already begun consulting on cost reductions, including layoffs. This is reported by the normally well-informed Wall Street Journal (WSJ), citing people familiar with the matter.
NBC Universal is clearly feeling the pandemic because its cinemas and theme parks have been closed. The group includes broadcasters, theme parks, film and television studios, production companies and digital platforms. NBC Universal was initially unable to comment on the information.
(Reuters) British motor manufacturer Rolls-Royce plans to cut up to 8,000 jobs due to the aviation crisis that followed the coronavirus pandemic. This emerges from a media report.
The company’s senior managers had begun drawing up a restructuring plan that would cut the workforce of about 52,000 employees by as much as 15%, the Financial Times newspaper, which is regularly reported on Saturday night, reported.
An Airbus A350 with a Rolls-Royce engine at Airbus headquarters in Toulouse 2014.
Rolls-Royce was initially unable to comment on the information. However, aircraft manufacturers are currently reducing their production to lower levels, making it likely that fewer engines will be in demand.
Rolls-Royce has already tightened the saving screw due to the corona virus crisis. The company plans to save 750 750 million this year through various measures. Rolls-Royce also secured another 1.51.5 billion line of credit and now has ₤ 6.7 billion in cash to arm itself against the long-term effects of the coronavirus pandemic. The engine manufacturer also withdrew the forecast for the course of business in 2020.
Tesla boss Elon Musk speaks at the opening ceremony of a new production line in Shanghai, China on January 7.
(dpa) Tesla boss Elon Musk pressured his company with strange tweets on the stock exchange. Musk wrote Friday that he thought the electric car maker’s share price was too high.
In addition, the technological billionaire tweeted among other things: “I sell almost all physical properties” and that he will no longer own a home. As a result, Tesla’s share continued to drop and temporarily fell on the New York Stock Exchange by around 12%.
Tesla’s share price is too high
– Elon Musk (@elonmusk) May 1, 2020
My gf @Grimezsz he’s mad at me
– Elon Musk (@elonmusk) May 1, 2020
Musk is known for causing a stir with strange Twitter appearances. So far, Tesla’s success has had little impact: On Wednesday, the company celebrated its highest profitability tranche since its founding in 2003 with the third consecutive quarterly profit.
Despite Friday’s heavy losses, the stock price has increased more than 80% since the beginning of the year, although the crown pandemic is putting a heavy burden on the auto industry.
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