The first loan in France for house purchase in accordance with Islamic law was awarded in May to a “top athlete” to purchase a house in the Paris region. This was revealed by an association that works to promote financing according to Islamic Law. “We made a first home loan transaction in May,” said Anass…
Author Archives: Derrik Brunner
Electricité De France wants to Negotiate all of the issues with Constellation Energy Group
Électricité de France (EDF) is the world’s largest utility company with 2009 revenues of €66.34 billion and 2009 profits of €3,905 billion. It operates a diverse portfolio of over 120,000 megawatts of electric generation capacity in Europe, Latin America, the Middle-East, Asia and Africa. The French group EDF proposed a meeting this Tuesday with its…
German Real Estate Market
In the third quarter of 2010, 2.9 billion Euros were invested in the Germany in the residential real estate portfolio. This is the results of a study which was conducted by BNP Paribas Real Estate. “The trend in the first half of 2010 was rising investment volumes. This trend slowed in the third quarter of…
Unicredit SpA, Starts Negotiations on Trade Union-Bank Redundancies
Today, negotiations started between the Unicredit unions and the business delegation on redundancies due to Unicredit’s reorganization plan. Due to pressures from major Italian shareholders who want the bank to invest more in Italy, there is a push for a reorganization of the bank and a renewed investment strategy. The union sources indicated that various…
Vital Signs Reporting on the Strengths of Italian Economy
The Edison Foundation and The Symbola Foundation have jointly developed a bi-monthly online newsletter which measures and highlights the strengths of Italian society and the Italian economic system. The newsletter ‘Vital Signs’, also published on the websites of the two Foundations, is determined to become a source of updated and authoritative information on the progress…
Salzgitter AG Increased Revenues Through Renegotiating Contracts
Salzgitter AG Germany’s second largest steel group increased its revenues significantly by raising prices for its core products. “All of our contracts with customers have been renegotiated” at the higher prices, said Chief Financial Officer Heinz Jörg Fuhrmann of the Börsen-Zeitung. This means that almost all of Salzgitter’s products have achieved a significant revenue increase…
Wavering US Economy Creating Hope through the Success of the Few
When Hazel James won the Strike it Rich contest from National Magazine Exchange in June, her success was touted as proof that there is hope for the common American. Yet, much of this hope has been spurred on by a consumer society bent on imagining itself weathering a self imposed economic storm of its own…
With Government Rescue Banks Earns a Lot
For the taxpayer in the financial crisis, rescued banks according to a report stand to earn a lot . About 200 bankers from money houses with government aid would reap more than 500,000 euros a year, the Frankfurter Allgemeine Sunday newspaper said in a preliminary report. Although tens of millions in salaries are extremely rare…
Four Mutual Funds That are Adapted to Markets
Economic uncertainty makes you fearful, but you do not want to settle for guaranteed investment returns anemic? You might turn to some diversified mutual funds, which are given the ability to quickly change the composition of their portfolios according to market developments. Depending on the context, they may adopt a more conservative or more daring….
Riester and Rürup promotion reaches its target
If one wanted to describe the prototype, that refers to the Riester promotion , he would look at the groups that have a superior distribution (as an analysis of the Mannheim Research Institute Economics of Aging, shows), based on a representative survey on savings behavior. Accordingly, last year 37 percent of 18 – to 35-…
