Serge Gnabry, football player at FC Bayern Munich, is affected by the bankruptcy of Deutsche Invest Immobilien. picture alliance/Dennis Ewert/RHR-FOTO
Deutsche Invest Immobilien has ambitious projects and prominent customers. The company is now filing for bankruptcy.
The prospect is delicate given the real estate crisis. But asset managers are still remarkably optimistic.
The bankruptcy could have consequences for the entire industry.
Serge Gnabry and Kai Havertz were there. And Joe Kaeser too. In addition to numerous foundations and asset managers from rich families, the two prominent footballers and the ex-boss of Siemens convinced by the offer from Deutsche Invest Immobilien (DII).
The Wiesbaden-based company, founded in 2006, invested money collected from private and institutional investors nationwide in residential buildings it built or converted. The prospects were dazzling. Within ten years, the capital invested should almost double, according to the sales prospectus of one of the funds.
Whether this will happen seems more questionable than ever.
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Hundreds of American companies have expressed their desire to explore the Iraqi market, according to the
Baghdad – IA
The Prime Minister’s Advisor for Investment Affairs, Muhammad al-Najjar, confirmed today, Thursday, that the visit of Prime Minister Muhammad Shia al-Sudani to Washington is the best in years, while noting that hundreds of American companies have expressed their desire to explore the Iraqi market.
Al-Najjar said in a statement to the “Duty of Frankness” program, broadcast by Al-Iraqiya News and followed by the (INA), that “the Prime Minister’s visit to Washington is one of the best visits in years as it focused on the economy and investment,” indicating that “there is a real desire from American companies.” To enter and study entry into the Iraqi market, as hundreds of American companies have so far expressed their desire to explore the Iraqi market.”
He added that “not a day goes by without talking about gas investment, and the American side has expressed its readiness to support Iraq in gas investment,” noting that “for the first time there is talk about the entry of American investments into Iraq outside of energy, and a memorandum was also signed with the “MAC” company to build… A truck factory in Iraq, and we agreed on economical street lighting that will save 51 percent of energy.”
More than 5 million dollars have been recovered in favor of workers via T-MEC
Mexico City. More than $5 million in retroactive payments and benefits for workers have been recovered through the USMCA’s Rapid Labor Response Mechanism (MLRR) under the administration of Katherine Tai, as United States Trade Representative (USTR). .
Since 2021, the United States has invoked this mechanism on 22 occasions, which have benefited 30,000 workers who have improved their working conditions, according to the USTR.
Labor complaints have been triggered in facilities spanning various industries, including automotive, clothing, mining, food manufacturing and services, he said.
In a report on her third year as Trade Representative, Ambassador Tai noted that the MLRR ensured that unfairly dismissed workers were reinstated in their jobs, and helped ensure free and fair elections in which workers elected independent unions to represent them. .
Although some cases are still ongoing, he noted, 17 have already led to comprehensive inter-U.S. remediation plans.
He added that 11 labor complaints included back pay to workers, nine included worker reinstatements, nine resulted in independent unions representing workers at the facilities and many resulted in successful negotiations for higher wages, training on workers’ rights and better facility policies.
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– 2024-04-19 22:59:00
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More than 5 million dollars have been recovered in favor of workers via T-MEC