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
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
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
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
