How many companies in Europe will collapse under inflation & energy crisis?
06-09-2022, 11:04 AM
06-09-2022, 11:15 AM
【晨早直播】英國通脹高因太倚賴天然氣,人民叫苦 明年初更苦。 卓慧思和戴卓爾夫人有何分別?減稅將令英鎊國債更弱。 22年9月6日
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06-09-2022, 11:58 AM
天天硬事2398期——01 德国钢铁企业出现停产化工巴斯夫威胁减产,天然气价格出现暴涨,是选择保民生还是保企业是个大问题 02 德媒大声疾呼此时绝不能和中国交恶,如果对抗将导致德国工业的崩溃
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07-09-2022, 12:59 AM
https://sgtalk.net/Thread-Over-150-year-...bankruptcy
Over 150-year-old Helsinki Shipyard filed for bankruptcy
Helsinki Shipyard has been affected by the sanctions against Russia as the yard has many connections to the country.
Helsinki Shipyards has 450 employees and approximately 700 subcontractors.
Over 150-year-old Helsinki Shipyard filed for bankruptcy
Helsinki Shipyard has been affected by the sanctions against Russia as the yard has many connections to the country.
Helsinki Shipyards has 450 employees and approximately 700 subcontractors.
07-09-2022, 06:01 AM
Europe will suffer an inflationary depression collapse by way of rationing of BORROWINGS and PRINTINGS
If u r not chosen U collapse.
In the old soviet it is a daily occurrence
If u r not chosen U collapse.
In the old soviet it is a daily occurrence
07-09-2022, 07:38 AM
Dont believe too much on AngMoh media?
What they say one may not happen?
狗血剧情没跟他们讲的走!
Finland and Germany are now pumping $$$ to help to fund those oil companies. I believe other EU countries will do the same.
What they say one may not happen?
狗血剧情没跟他们讲的走!
Finland and Germany are now pumping $$$ to help to fund those oil companies. I believe other EU countries will do the same.
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
07-09-2022, 07:41 AM
“Be who you are and say what you feel, because those who mind don't matter and those who matter don't mind"
09-09-2022, 12:19 PM
https://www.dw.com/en/germany-fears-a-wa...a-63059812
But right now, Tobias Plaz no longer knows whether he can stay in business. At the end of August, he received mail from his gas supplier. Instead of the previous €721 ($719) per month, he will now have to pay €2,588 for heating and hot water from October 1, 2022. That doesn't even include the costs for the baking oven. Plaz has a gas contract that secures delivery at the old price until the end of the year.
But if the gas prices continue to rise the baker may well be looking at an annual gas bill of €42,000 for the oven alone, up from currently €12,000....
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One in three companies faces an existential threat
The baker's message seemed to go unheard. The relief package that the center-left federal government of Social Democrats (SPD), Greens, and the business-oriented Free Democrats (FDP) announced just last week, was aimed primarily at private households. Businesses feel left out in the cold, so many are lashing out at the government with scathing criticism. Siegfried Russwurm, President of the Federation of German Industries (BDI), spoke of "considerable shortcomings and loopholes in the relief package."
The BDI conducted a survey of industrial companies. It shows that 58% of the companies describe the exploding energy costs as "a big challenge," and 34% say this is threatening their very existence. According to the BDI, almost one in ten companies in Germany has already cut back or even suspended production.
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But right now, Tobias Plaz no longer knows whether he can stay in business. At the end of August, he received mail from his gas supplier. Instead of the previous €721 ($719) per month, he will now have to pay €2,588 for heating and hot water from October 1, 2022. That doesn't even include the costs for the baking oven. Plaz has a gas contract that secures delivery at the old price until the end of the year.
But if the gas prices continue to rise the baker may well be looking at an annual gas bill of €42,000 for the oven alone, up from currently €12,000....
...
One in three companies faces an existential threat
The baker's message seemed to go unheard. The relief package that the center-left federal government of Social Democrats (SPD), Greens, and the business-oriented Free Democrats (FDP) announced just last week, was aimed primarily at private households. Businesses feel left out in the cold, so many are lashing out at the government with scathing criticism. Siegfried Russwurm, President of the Federation of German Industries (BDI), spoke of "considerable shortcomings and loopholes in the relief package."
The BDI conducted a survey of industrial companies. It shows that 58% of the companies describe the exploding energy costs as "a big challenge," and 34% say this is threatening their very existence. According to the BDI, almost one in ten companies in Germany has already cut back or even suspended production.
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09-09-2022, 12:25 PM
https://www.bbc.com/news/business-62813782
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Businesses are not covered by the cap, however, and Red Flag is warning that more than 75,000 larger firms that are high energy users are at risk of insolvency or are likely to lay off staff without government support.
The government's plan is expected to include some relief for businesses - but details are not yet known.
According to Red Flag, many firms will face a choice between paying wages or paying energy bills.
"Businesses can't absorb these costs and they're going to be forced very quickly into a decision about headcount or being able to pay energy bills," said chief economist Nicola Headlam. "That's going to be the reality and it's coming down the track very quickly."
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Businesses are not covered by the cap, however, and Red Flag is warning that more than 75,000 larger firms that are high energy users are at risk of insolvency or are likely to lay off staff without government support.
The government's plan is expected to include some relief for businesses - but details are not yet known.
According to Red Flag, many firms will face a choice between paying wages or paying energy bills.
"Businesses can't absorb these costs and they're going to be forced very quickly into a decision about headcount or being able to pay energy bills," said chief economist Nicola Headlam. "That's going to be the reality and it's coming down the track very quickly."
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09-09-2022, 12:25 PM
The export of grains from Ukraine went to Europe instead of Africa. Putin very angry.
Treaten to stop export.
Treaten to stop export.
09-09-2022, 12:34 PM
all these moronic comie dogs here & their brainless supporters!
company collapse? who can beat china today!
easily few 10 of millions of china company & shops bankrupt, closed down in last 1-2 yrs!
even banks, already closed down a few in china! LOL LOL!
中国倒闭潮席卷全国,46万家工厂集体倒闭破产,中国这次死无葬身之地。
全完了!310萬店鋪倒閉,小企業被逼上絕路,資金鏈斷裂,借貸無門,全都活不下去了,幹一天,虧一天,越幹越虧,個體戶實在撐不下去,復工復產即倒閉破
中國經濟|東莞現狀|東莞厚街|工廠、批發業、零售市場全線告急;倒閉潮、關店潮全面暴發
company collapse? who can beat china today!
easily few 10 of millions of china company & shops bankrupt, closed down in last 1-2 yrs!
even banks, already closed down a few in china! LOL LOL!
中国倒闭潮席卷全国,46万家工厂集体倒闭破产,中国这次死无葬身之地。
全完了!310萬店鋪倒閉,小企業被逼上絕路,資金鏈斷裂,借貸無門,全都活不下去了,幹一天,虧一天,越幹越虧,個體戶實在撐不下去,復工復產即倒閉破
中國經濟|東莞現狀|東莞厚街|工廠、批發業、零售市場全線告急;倒閉潮、關店潮全面暴發
09-09-2022, 12:37 PM
(09-09-2022, 12:34 PM)kokee Wrote: company collapse? who can beat china today!
easily few 10 of millions of china company & shops bankrupt, closed down in last 1-2 yrs!
even banks, already closed down a few in china! LOL LOL!
Oops!
I forgot to tell you this :
China : August exports expanded (11.8% in RMB terms) 7.1% in US dollar terms
09-09-2022, 12:38 PM
Once Oct comes ….. revolution will happen all over Europe
KTV妹妹说,香港人无义,台湾人无情,新加坂人无智
09-09-2022, 12:44 PM
(08-09-2022, 10:36 AM)kokee Wrote: comie dogs keep barking china export still strong, my foot, mainly export to russia, asean, to the west sink! actually export is not so important to china economy anymore, based on their recent collapse due to debt burst, banks run & covid lockdown!
now china export plunges, even export to russia also down!
RMB/CNH hit 6.995 yesterday, almost 7, china central banks went in to support, let see how much money left they can support, whole world hedge fund get ready in HK to short CNH down!
china reserved? already in huge negative for long, now even worse with the west & japan pull out almost all their investment, factories & fund! In even bigger red now!
china domestic market already game over for long time!
crash it totally! get ready for china to run road & closed door!
中國出口貿易出現拐點,人民幣匯率即將破7,外匯儲備又減少,距離閉關鎖國還有多久
below is how china manipulate their export figure, all BS, ton try to use export to transfer their money out of china!
ton of money want to run road from china but govt try to block all!
the more run road, the faster RMB crash!
all the bloody fake & lies by ccp, norm!
shipment cost from china to US drop to super low yet no one shipping! china can BS their export number, most export to russia & asean! the west cut out china good as much as possible now!
中国国际收支6千亿美元亏空的真相
中美事实上的经济脱钩已经开始!中国8月份进出口大跌!上海到洛杉矶的集装箱运价已经跌到3000+了,依然没有货
09-09-2022, 12:53 PM
(09-09-2022, 12:44 PM)kokee Wrote: below is how china manipulate their export figure, all BS, ton try to use export to transfer their money out of china!
ton of money want to run road from china but govt try to block all!
the more run road, the faster RMB crash!
all the bloody fake & lies by ccp, norm!
shipment cost from china to US drop to super low yet no one shipping! china can BS their export number, most export to russia & asean! the west cut out china good as much as possible now!
中国国际收支6千亿美元亏空的真相
中美事实上的经济脱钩已经开始!中国8月份进出口大跌!上海到洛杉矶的集装箱运价已经跌到3000+了,依然没有货
Your Queen died u got go cry?
09-09-2022, 01:11 PM
09-09-2022, 03:03 PM
(06-09-2022, 11:04 AM)halya Wrote: https://www.cnbc.com/2022/05/06/we-see-a...urope.html
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MOSCOW: VTB said on Tuesday (Sep 6) that it had become the first Russian bank to launch money transfers to China in yuan without using the international messaging system SWIFT that underpins financial transactions globally.
Demand for the yuan in Russia has increased since Feb 24 when Russia sent tens of thousands of troops into Ukraine and the West imposed sanctions against Moscow, limiting its access to the dollar and euro markets.
"Now new reality is leading to a massive rejection of the use of the dollar and the euro in international payments,"
"The yuan transfer system will significantly simplify the work of Russian companies and individuals with Chinese partners, increasing the popularity of the yuan in our country."
09-09-2022, 04:05 PM
The Credit Default Swap rate (CDS) is the best way to compare which countries are likely to default on their bonds. CDS is the premium or the real money that one has to pay if one wants to buy insurance against a Government bond default. If the energy cost is a real threat to the country, then the premium in bps to be paid by the bond buyer has to be higher.
https://skyjuiceiswater.blogspot.com/202...onger.html
https://skyjuiceiswater.blogspot.com/202...onger.html
aiptasia is now in my ignored list.
09-09-2022, 04:36 PM
09-09-2022, 07:09 PM
https://sgtalk.net/Thread-Germany-Busine...s-and-more
Germany: Business associations warn of bankruptcies, job cuts and more.
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Germany: Business associations warn of bankruptcies, job cuts and more.
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09-09-2022, 09:26 PM
European Farming Giants Are Losing Steam Amid Energy Crisis
Sep 9, 2022 European farmers are themselves sounding alarm bells for what the future holds vis-à-vis Europe’s food security, and the signs are hardly encouraging. Some farming giants are shutting operations in Europe. If big corporations are resorting to austerity measures, one can only imagine what small and medium sized farmers must be experiencing.
Meanwhile, Europe’s largest economy – Germany is on the verge of an industrial blackout. Watch to know more.
10-09-2022, 08:36 PM
RUSSIA - European Energy Market on Brink of BANKRUPTCY as Price Rises Cause $1.5 TRILLION CASH NEED
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12-09-2022, 01:10 PM
https://sgtalk.net/Thread-The-Swiss-comp...insolvency
The Swiss company that manages Nord Stream 2 declared its insolvency
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The Swiss company that manages Nord Stream 2 declared its insolvency
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12-09-2022, 05:18 PM
12-09-2022, 07:47 PM
德媒: 德国能源价格飙升 德企要么破产 要么出走 | 涨价320% 德国天价电价 电动车车主面临"电价休克"
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12-09-2022, 08:43 PM
No doubt, there will b some companies closing down but in China, there are 105,567 bankruptcy and reorganization cases, an increase of 31,427 or 42% over the same period last year!
https://zshq.zuiyouliao.com/zixun/detail...f0a25.html
https://zshq.zuiyouliao.com/zixun/detail...f0a25.html
aiptasia is now in my ignored list.
12-09-2022, 08:47 PM
This one said 540,000 companies closing down becos of the zero covid
https://zhuanlan.zhihu.com/p/562804758
https://zhuanlan.zhihu.com/p/562804758
aiptasia is now in my ignored list.
12-09-2022, 08:50 PM
(12-09-2022, 08:47 PM)teaserteam Wrote: This one said 540,000 companies closing down becos of the zero covid
https://zhuanlan.zhihu.com/p/562804758
U damn desperate to compare Covid with energy crisis.
12-09-2022, 09:49 PM
(12-09-2022, 08:43 PM)teaserteam Wrote: No doubt, there will b some companies closing down but in China, there are 105,567 bankruptcy and reorganization cases, an increase of 31,427 or 42% over the same period last year!
https://www.businesstimes.com.sg/governm...obal-risks
Exports in US dollar terms expanded 7.1 per cent (11.8% in RMB terms) last month from a year earlier to US$314.9 billion, the General Administration of Customs said in a statement Wednesday (Sep 7).
Imports grew 0.3 per cent
“China’s export growth is retreating to its more normal levels after 2 years of exceptional growth,” said Lu Ting, chief China economist at Nomura Holdings.
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