Frankfurt’s new shopping centre is a strange phenomenon in more than one way.
Sited in the city’s main pedestrian zone, My Zeil’s sports a glass facade that appears to get sucked into the building, drawing shoppers to the pleasures inside. As impressive, in the current economic climate, are the thousands it is luring in from the street.
“Some of our retailers sold out of stock in the first weeks after opening,” says Michael Flesch, head of MAB Development Deutschland, which built My Zeil. Up to 90,000 shoppers a day have been passing through since the start of March, he says.
03/27/2009
— Filed under: Business
Tags: demand, Germany, retailers
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The Lancet, the journal of the British Medical Association, has launched a stinging attack on the Pope for his opposition to the use of condoms, branding as “outrageous and wildly inaccurate” his argument that the prophylactics serve to increase HIV infection.
03/27/2009
— Filed under: Society
Tags: condoms, Pope
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The European Central Bank gave its strongest indication to date on Thursday (26 March) that it is ready to step in and help European businesses that are struggling from a shortage of credit and are unable to get bank loans to finance their activities.
03/27/2009
— Filed under: Finance
Tags: banks, credit, ECB
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The European Commission said it will propose binding powers for new EU-wide supervisory authorities in its upcoming review of supervision rules for cross-border banks and insurance groups, expected in May. But sensitive issues on how to deal with the collapse of a multinational group remain open, it emerged from debates at this year’s European Business Summit (EBS).
03/27/2009
— Filed under: Finance
Tags: collapse, EBS, proposals
Energy companies are failing to make monthly direct debit demands clear to customers, energy regulator Ofgem says.
But suppliers are not systematically getting bills wrong or collecting more money from direct debit customers than they should, said Ofgem in a report.
03/27/2009
— Filed under: Business
Tags: companies, gas, UK
Gordon Brown and Buckingham Palace have discussed plans to change the rules of succession to the throne, including giving royal women equal rights.
Downing Street said the scrapping of the ban on heirs to the throne marrying Roman Catholics was also discussed.
03/27/2009
— Filed under: Politics
Tags: Brown, Queen, rights
France will ban bonuses and stock options for executives whose companies get government bailout money, the president’s chief of staff said Thursday.
03/26/2009
— Filed under: Business
Tags: bailout, companies, government
Czech President Vaclav Klaus accepted Prime Minister Mirek Topolanek’s resignation on Thursday and said a new majority-backed cabinet must be formed soon to tackle the economic crisis and the Czech EU presidency.
03/26/2009
— Filed under: Politics
Tags: administration, cabinet, Klaus
Feeling the heat of criticism from the United States and Britain that it has been too slow to react to the worldwide recession and done too little about it, European Commission President Jose Manuel Barroso has urged European Union governments to implement the bloc’s fiscal stimulus plan, warning that calls to do more would undermine confidence in a swift recovery. “Let’s implement the plan and review it if necessary,” Barroso said. “Saying (now) the plan is not enough will not build confidence.”
03/23/2009
— Filed under: Finance
Tags: contributions, recession, summit
German police late Thursday backed away from earlier assertions that a teen posted warnings on a German-language Web site before killing 15 people in a shooting rampage.
Police spokesman Gabor Sipos said investigators now have doubts about whether Tim Kretschmer posted he was «fed up with this bloody life» and was going to take a weapon to his old school and «give them hell.»
03/12/2009
— Filed under: Crime
Tags: message, school, weapon
