Renault wants merging with Nissan and Fiat Chrysler

Renault is searching for new possibilities of merging with Nissan. The deal should be completed in the next 12 month the online-portal reports on 27th of march 2019.

After that merging Renault consider a fusion with Fiat Chrysler the Financial Times publishes in a report on Wednesday.

With a capitalisation valued at 20 bio € Fiat Chrysler will be difficult  stemmed by Renault alone. So Renault wants to deal with an alliance of Nissan and Mitsubishi.

Until now , Renault has a stake of 43,4% of Nissan and Nissan has 15% of Renault. Nissan also has 34% on Mitsubishi. The state of France has a stake in Renault.

Hochtief subdsidiary CIMIC Group signed Botswana Majwe mining joint venture

CIMIC-Group, subsidiary enterprise of Hochtief, communicates that it‘s subsidiary Thiess signed the the mining project Majwe. Thiess has an 70% interest in the 1,7 bio austr. $ joint venture with Bothakga Botswana. The project should last over 9 years. The project includes mining – services. Hochtief has an interest of 72,7% in CIMIC Group.

CIMIC Group is an highly experienced engineering-led construction, mining, services and public private partnerships leader working across the lifecycle of assets, infrastructure and resources projects.

It delivers the full spectrum of services, from feasibility, design, planning and investment; to manufacturing and construction; to operations, maintenance, upgrades and asset management; to rehabilitation and decommissioning.

And the conditions in mining sector are good and the pipeline of CIMIC Goup is full.

Profit of CIMIC Group increases by 11% to 781mio australian $, forecasting an amount between 720 and 780 mio australian $ in the last year. Revenue increased by 9%, the cashflow in operative business increased by 22%. The forecast for 2019 and 2020 is good. Woodside Energy has awarded a contract to CIMIC Group’s UGL as part of the latter’s joint venture with Cape at the Karratha gas plant in Western Australia. The contract will generate additional revenue to UGL of around $190 million and includes two further multi-year extension options. Karratha gas plant is central to Woodside’s proposed development of the Burrup Hub. The plant has a production capacity of 12,000 tonnes of domestic gas per day, with dry gas sourced from Scarborough, Browse and Pluto. The joint venture between CIMIC UGL and Cape will provide brownfields implementation services including planning and execution of work scope for mechanical, electrical and instrumentation, access, fire protection application, blasting and painting, cladding and insulation.The Karratha plant also includes five LNG processing trains, two domestic gas trains, six condensate stabilisation units and three LPG fractionation units. CIMIC UGL has provided services at Karratha since 2015.“

Wirecards new customer: Home-center Segmueller

Wirecard has a new costumer. The german home-center Segmüller will allow Wirecard to process the invoice of its customers. The cashless process will be possible with smartphone or credit card. Wirecard will not only make available the payment-technology, it will be responsible for the complete payment.

The assetts of Wirecard are falling the last weeks although the revenue of the last quarter of 2018 increases by 36% to 637,5mio€ and the profit rose by 37% to 172,9mio€.

But reports of Financial Times and various lawyers, including Hagens Berman, say that Wirecard has misleaded investors by accounting bogus deals. The police raid the bureau of Wirecard in Singapure. Wirecard denies any wrong doing.

Hagens Berman is the counsel that has indicted several consolidated companies including the german car producers in dieselgate scandal.

Meanwhile the Bafin forbid Wirecard sell off positions because the assett has become to volatile.

Cardiac pacemaker could be used to kill patients by terrorists

Cardiac pacemaker amd insulin pumps send data of the patient to the doctor. They use the net of the mobile phones to do that. But this could be very dangerous for the patient who use such devices, because the devices could be hacked. A sophisticated hacker could kill that way by influencing the devices function.

Patient should rethink to use that sort of artificial intelligence.

Income And Equality In Societies

At 1000 AD there were different, separated economic systems and societies on the continents of the world. Scientific data shows, that the average wealth of this different systems was equal, but inside the systems the wealth was highly different. Today, we would say that the average income per capita in all societies globally was between 500 US$ and 600 US$.

Between 1000 and 1820 the population of the world quadrupled with an increasing average income by 50% per capita globally. In Europe the income doubled that time.

Between 1820 and 2000 the population in Europe sextoples with an increasing income by factor 9. In difference to the previous periods the average between the continents become more and more differential.

Today we have high distinctions between the income and infrastructure between the continents. Africa is the poorest continent with very small infrastructure. Many african nations don‘t have any railroad. The average density of the roadsystem in Africa is 6,84km per 100km². 80% of afrikan ships are older than 15 years. There is no realtime stock exchange in Africa. There are countries which have no stock exchange at all, other deliver the stock prices one time a week.

The gloabal average income between 2011 and 2014 develops as follows:

Undeveloped Countries Emerging countries Developed Countries
In Togo

  • 580 $ (2014)
  • 530 $ (2013)
  • 500 $ (2012)
  • 560 $ (2011)
In China:

  • 7.380 $ (2014)
  • 6.560 $ (2013)
  • 5.740 $ (2012)
  • 4.930 $ (2011)
In Australien:

  • 64.680 $ (2014)
  • 65.520 $ (2013)
  • 59.570 $ (2012)
  • 46.200 $ (2010)
In Tschad:

  • 1.010 $ (2014)
  • 1.020 $ (2013)
  • 740 $ (2012)
  • 690 $ (2011)
In Brasil

  • 11.760 $ (2014)
  • 11.690 $ (2013)
  • 11.630 $ (2012)
  • 10.720 $ (2011)
In United States of America:

  • 55.200 $ (2014)
  • 53.670 $ (2013)
  • 50.120 $ (2012)
  • 48.450 $ (2011)
In Nigeria:

  • 2.950 $ (2014)
  • 2.760 $ (2013)
  • 1.430 $ (2012)
  • 1.200 $ (2011)
In India:

  • 1.610 $ (2014)
  • 1.570 $ (2013)
  • 1.530 $ (2012)
  • 1.410 $ (2011)
In Great Britain and North Ireland:

  • 42.690 $ (2014)
  • 39.110 $ (2013)
  • 38.250 $ (2012)
  • 37.780 $ (2011)
In Südafrika:

  • 6.800 $ (2014)
  • 7.190 $ (2013)
  • 7.610 $ (2012)
  • 6.960 $ (2011)
In Marokko

  • 3.020 $ (2014)
  • 3.030 $ (2013)
  • 2.940 $ (2012)
  • 2.970 $ (2011)
In Germany:

  • 47.640 $ (2014)
  • 46.100 $ (2013)
  • 44.010 $ (2012)
  • 43.980 $ (2011)

Don‘t forget that the IWF marked China and India as the first and second strongest economy globally by 2050, USA ranked at third place. Asia is the continent with the fastest growing economies world wide.

At 1000 AD the economic unequality is 100% between the continents, in 1820 it is 80% between the continents and 20% locally within the continents, today it is only 40% between the continents and 60% locally within the continents. So the economic distinctions between the continents decreases with the time. At the same time the inequalities arise more and more within the continents between the nations of a continent and at least between the people within a country. Trigger of this development is an approximation of the regimes and the forms of economy also the approximation of the knowledge that is available for the economy and education of the people.

Another trigger is the Smartphone. No other device has such a fast distribution around the world like the smart phone. Not only in the developed nations the smart phone is an exigency but also in any other society like rural countries. Even indios in the bush have a smart phone, independently if they have other devices like washers, television or refrigerators. But the smart phone makes for them the world available and with this new experience the education approximates. The smart phone is a device which makes people more equal and increases knowledge in the poor countries. The frames the internet and the smart phones delivers to the users is made by the companies of the rich and developed countries. So with the smart phones the values and doctrines of the developed countries will circularise into the emerging and the undeveloped countries creating demand in the mind of the people and forcing economic development and changing in politics.

So the economic upcoming of China and India will converge the asian, american and european cultures. The smart phone will make the different cultures and values available for anyone.

The western countries, which outsourced the production lines for trimming the costs of production to China in the 1990‘s, made this economic boom of China possible. UN data shows that India has 1,354 mio people and the population of China measures 1,415mio people. That is summarised 2,769 bio people means 36,28% of the global population. This is an enormously potential for the economy specially because wide parts of the population in China and India have a big demand for goods. If the western nations want to participate on this demand they have to think about, how to deal with the cultural differences, to integrate the systems. It makes no sense to separate for economic, politics or job reasons. The people of China and India will demand to participate on the technical possibilities the industrialisation will allow them. And this will be a very big market.

Trump, Juncker and the China Tariffs

Early this year the US president Donald Trump has imposed tariffs on washers. In March tariffs on steel and aluminuim followed. As Donald Trump threatens with tariffs on cars and other products the situation escalates.

Today Donald Trump said he wanted trade with EU without tariffs at all. But why all this stories. Tariffs up, tariffs down and escalating trade negotiations?

China is an upcoming nation with a very succesfull history. It was the largest country with the biggest economy globally until the end of the 18th century. The invention of foundry technology and mass production, paper money and the calculator are devolopments of chinese people. After the two opium wars the chinese fall.

The last 30 years chinese economy finds traction, supported by western companies which finds cheap workers in China producing goods for the west. Western countries supports the situation which delivers cheap high quality and high tech products to their stores.

China becomes the production hub of the world. But with the production, also knowledge and development finds it‘s way into chinese companies. In old tradition of discipline and endurance chinese ingenieurs began to develope their own products. China of today is the second biggest economy with the most innovative industry globally. It‘s the leading country of solar technology and the leading chip producer globally. It‘s army has carriers and is the second strong behind the army of the USA. China is on the way to build its own space station and planing landings on the moon, plays a leading role in electro vehicles and 3D printing.

But all those developments are from a country that competes to the systems of the western states. China is still a communistic nation. Differences between the western nations and China are big. Cultural cooperation between China and the western nations are still difficult. The western countries can‘t integrate easily China into their cultural system. So USA has to defend itself to keep the world‘s leadership. The situation of China is better than the situation of USA. As USA starts to impose tariffs on chinese goods the chinese starts to buy companies or plants which produce the goods they wanted to import in EU and USA. For chinese this has a doubled effect. First they circumvent the taxes. The second effect is, that they can buy new technology and patents, so they can change production technology and demand fees for the licenses. So USA strengths the control of mergers with CIFIUS.

China has a lot of people with a big domestic demand. It has capacity enough to sell it’s goods to the own people. With the big population of India in the neighborhood the demand strengthens.

Also the financial situation looks better for the chinese.

The US debt is 105,42% of GDP, personal debt is up to 134% reaching 19 trio $ as GDP is more than 20 trio $.


The chinese government debt to GDP ratio for 2017 increases to 47,6% the last 20 years.

But it‘s corporate debt widens dramatically, so the banks had to regulate lending conditions. Chinese has to watch it’s bad loans related to corporate lending. Both the USA and China are widening the credit gap.

The chinese answer to taxes on goods for the USA was taxes on agriculture products from the USA. So the farmers of the USA were beaten. Today Donald Trump and Jean Claude Juncker made a deal that there are no tariffs on european cars and different other european products exported from Europe to the USA and that the EU widens the import of US soya products. „Soy beans is a very big deal.“: president Donald Trump remarks at the press conference after the meeting with Jean Claude Juncker. It looks like the USA wanted to start action against China with an old ally, the Europeans. Will Europe follow the course of USA?

Deutsche Post Streetscooter pickup feasible to become multi billion company

The increasing online-trading let the profit of the Deutsche Post grow, so Deutsche Post chairman Appel at the beginning of 2018. Some months later he disappointed the shareholders with the news that the profit growth is not estimated 10% but only 2%. There were also disappointing news from Deutsche Post customers that letters didn‘t find the customers and that parcels have to be picked up at a Post Office up to 15 miles away, as Deutsche Post closes offices, especially in the rural areas. At least Deutsche Post shocked it‘s shareholdes with a profit warning because Deutsche Post restructures the company away from letters to parcel service. This costs a lot of money, the management said.

As Deutsche Post was looking for an electric pickup which is able to deliver parcels with it it could‘t find one. None of the german car producers was able to deliver the company a suitable pickup because the german car producers didn‘t produce one electric car. So Deutsche Post developed an electric car on it‘s own, based on a Ford Chassis. The car was tested in Post‘s daily routine. This car is ready for serial production now. Today the Streetscouter is produced 1000 pieces per month. Customers of Deutsche Post which saw the car asked Deutsche Post where they can buy this car. When Deutsche Post recognized that there is very much demand for this pickup it opens a new factory in May 2018. Now a production of 20,000 vehicles pa is possible.

And this could be the beginning. Hamburg and Deutsche Post built a strategic partnership for better clima protection and better air in the city and signed an agreement. Deutsche Post wants to start with 70 Streetscooters Work XL in Hamburg. Similarily the City of Hamburg wants to increase the charging stations from 730 to 1,000. The major also guarantees that Deutsche Post get the capacity of electricity to charge their pickups. Hamburg will also build three new loading zones for electro pickups for Deutsche Post and other private companies.

This could be a modell with a domino effect. If cities built loading zones for electro-pickups and create more charging stations it is very likely that the demand for electro-pickups will increase. The result is increasing orders for Streetscooter Pickups. In a report of the renowned german economy magazine „Wirtschaftswoche“ the Deutsche Post chairman Mr. Frank Appel saw it feasible to create with Streetscooter a multi-billion-company. Streetscooter is the only German possibility to satisfy the demand of electro-pickups in Germany. And Deutsche Post shows the people that it‘s car function pretty good. Every time someone get a parcel a Streetscooter pickup arrives and signales: „I am aproved. You can buy me.“ That‘s the way you can convince customers. If you use your own product under industrial conditions so anyone can see.

But there is only one question. Why must Google, Deutsche Post, Hermes built their own electro cars, self driving cars or, like Hermes do, self driving robots? Is the very renowned german car industry not able to satisfy the demand of the customers? The Chinese are setting quotes for electro-cars on new cars and there are targets for gasoline free cities in the future. Audi and Porsche are discussing a Joint Venture to develop electro-cars for China. But there are many companies with electro-cars on the market making progress by watching the use of their products. This means they will be experienced if the German‘s will have their first prototype. And to buy high tech parts from companies abroad is the first step back to leave the top position.

Could Erdogan survive Turkey’s economy

Turkey‘s growth is with 7.4% very high but it has also a high inflation. Housingprices and PMI are slowing. The growth in the second qurater of 2018 is retrogressive. The forecast for the second half of 2018 is between 2% and 3%. The trade balance is negative. But this is normal as it is since the 1970s. The imports rise much faster than the exports. After inflation rises high the turkish centralbank has pushed the rate up to 17,75%. The politics intervene and forced the Centralbank to let the rate down. This pushed the economy to growth and Turkey has created 1,5 new jobs yty. And Turkey is expierienced with high inflation. In 1997 Inflation was 85,7%, it decreased to 7% in 2002 staying stagnant until 2016. With the new rate inflation will decrease.

The tourism slowed after the coup in 2016 but is recovering now.

Consumer Price Index CPI in Turkey averaged 191.22 Index Points from 2003 until 2018, reaching an all time high of 348.34 Index Points in May of 2018.

CPI Transportation in Turkey averaged 186.89 Index Points from 2003 until 2018, reaching an all time high of 354.31 Index Points in May.

Producer Prices in Turkey averaged 85.23 Index Points from 1982 until 2018, reaching an all time high of 354.85 Index Points in May of 2018.

The industrial production is in a normal ratio.

The Global Competitiveness Report published by the World Economic Forum say that Turkey averaged 4.31 Points from 2007 until 2018, reaching an all time high of 4.46 Points in 2015.

If the economy of Turkey begins to slow it could be a real threat to Turkey‘s political stability. But the industrial production and the GDP increases steadily since 2010 discontinous only in March of 2016. A short regression will be normal after this period of growth. The unemployment rate is 10%. This is not very high but it is  slowly increasing since 2012. In a recession unemployment could rise and people could become inconvenient. If foreign investors become tentative this could have the reason because of the possible recessive scenario. Politically Erdogan will find his support. The presidial system will make his agreements stable against parlament decisions. Agreements with the präsident will be more reliable. And this will be in the interest of investors. Also this system is related to the system of the USA. In USA it is established and proven.


USA Leave The UN Human Rights Council

The USA has left human rights council an 19th, June of 2018. In the speech Nikki Haley said that there are more resolutions against Israel than against Syria, Iran and North Korea additional. This fact is not acceptabel. The exit happens while protests against US migration politics. Children where segregated from their parents if they were catched on the border entering the country with their parents illegaly.

But what is realy happening?

The USA didn‘t ratify the human rights. So the USA have the same status like Iran, Saudi Arabia, Pakistan, North Korea or Somalia. Also China and India have the same status until now.

So in fact nothing had happen. The declaratation of Nikki Haley confirms the fact that the USA don‘t recognize the Human Right‘s Charta.

Perhaps United Nations should think about to stipulate for member states of human rights council to recognice all treaties of the human rights charta. If UN accepts only states which accepts the full Human Rights Charta UN could be aware of such „surprises“.

Some critcs say, that the behavior of the US compromise the role of the USA fighting for democracy.

Coalition talks and future concepts

August 16th 2017

On 9th of August 2017 there was an event to the parlamentary vote in Frankfurt/Main, my residence. Today I don‘t know exactly what party I should vote because I see a lot of questions relating to the automatisation process of the next decades. I don‘t know how the politics will manage the way the offer will find the demand, means how we get the products we want and need. The theme of the event was „fairness is another way“ so I thought to find answers.

I was a little late. The event was not at the arranged location so I went to a nice restaurant where the politics met. As I arrived I recognized that I was the only visitor. I was a little astonished. The group begged me to invite myself. I did and asked them, how they want to deal the issue of employment after automatisation like 3D printer, selfdriving cars, robotics and speech recognizing systems have been developed and installed in industrie. All those products will work in sectors with high numbers of workforce. I see a high unemployment rate because this systems will free a lot of jobs. And I don‘t think that all those poeple will find work in the service sector.

Mr Bothner, Verdi Hessen, gave me the answer. He described that there will be many poeple who will find a high waged job. We have much more millionaires in Germany than several years ago. Those people have to staff their household with butlers, nannies, family care workers ec. Today in Germany’s middle class families it is not use to staff the household with such employees. I don‘t know many middle class families which do that. To convince the new working class to employ such services, there has to be a revaluation of these professions. The money makers have to employ them to hold their gentility. Simultanely the employees in the industry will work less time because the machines will do more and more the work for them. So they have time to improve their skills. Some good earning umployees, working less time and a lot of pauper working a lot of time to ensure that the less time working, good earning employees have no inconvenience in their free time.

I reply this we discussed that concept in the 1980s and we denied it as an impossibility. I was astonished hearing this concept from a functionary of the biggest German union Verdi. But I was on an event of the SPD, a political partie, a decision maker in the Germany politics, so I asked the members of the SPD about the theme. The answer I got was that there are many commonalities so there will be no remarkable changes, nothing more.

Less working workforce earns much money and much working workforce earning less money, it looks better for conservative parties like the CDU and not the SPD, a mid left partie of Germany. Could this be true?

I know that there is a pilot project unemployed get 1000,00€ basic income guarantee a month for some Germans. In a privat talk I learned that there are discussions about a basic income guarantee of the minimum wage, that means 8,83€ an hour or 1529,00€ a month. Oh well I said, but if you do that, you have to install incentives that the people do the work that have to be done in the low level wage sector. People can live pretty good with that income so most of them don‘t want to work at all particularly not in unpleasant jobs. Also you have to educate the people in responsible way of living. No society need an increasing rate of kiffers or beer and wine drinking people sitting in their living rooms watching tv with dull brains. But there were no answers.

After one and a half hours I knew only a little more but there is no precise concept. I can‘t imagine something about tomorrow. All I found looks like a take-it-as-it-comes engagement. But this issue needs decisions if I my pension and the future living standard should be ensured. This issue is a relevant factor creating the future of our country.

I ask myself, if the members of parlament are overpaid.