There are two ways to die from Covid-19

A Swiss pathologist examined the lungs of deceased corona patients and was able to draw conclusions about various disease courses. The findings could improve the treatment of Covid-19.

In view of the rapidly increasing number of infections, it becomes clear: Any additional knowledge about the coronavirus is important. Researchers from Switzerland have now found out during autopsies that Covid 19 patients die for two different reasons. The results were recently published in the English-language journal “Nature Communications”.

Current study: two groups of corona deaths

Since the beginning of the corona pandemic, Dr. Kirsten Mertz, Senior Physician in Pathology at the Baselland Cantonal Hospital, and her team of people who work at the Covid-19– disease died. The researchers identified two groups among them: those patients who die early from a high viral load and those who later succumb to the damage caused by the corona infection.

In an interview with the Swiss news portal “Blick”, Mertz explains: “The first group dies at an early stage of an enormously high viral load in the lungs. Unfortunately, the immune system does not manage to suppress the virus.” The lung tissue of these deceased patients is said to have been largely intact.

“In the second group, however, it looks completely different: the body of these patients can initially defeat the virus – but then massive damage to the lungs and other organs can be seen,” says the pathologist. Such patients would only die after several days or weeks.

The body reacts too violently to the intruder. The virus may then subside, but the inflammation destroys the tissue and organs. “It’s like when the dentist pulls all your teeth because you have tooth decay. Then the tooth decay is gone, but so are your teeth,” the doctor compares.

Pathologist calls coronavirus a “killer”

When asked what a severe disease course depends on, Mertz replied in the “Blick” interview: “Safe from the dose”. The higher the viral load, the stronger the body’s immune response and the more cells would be destroyed. Whether a corona infected person has to fear a severe course is not just due to factors such as previous illnesses and age. The amount of viral load that you carry can also be decisive. That is why masks and distance rules are so useful.

Lungs: The SARS-CoV-2 coronavirus can affect all organs. (Icon image) (Source: sompong_tom / Getty Images)

Mertz also says: “That Coronavirus was and is a killer. This will continue to be the case in the future. “Although there have been” slight mutations “since spring, overall the virus itself has not changed much, according to the pathologist. And the risk groups are still the same – especially older people and those with previous illnesses, but no one has the guarantee of being spared a serious illness, says Mertz.

Lessons for the treatment of Covid-19

The pathological examinations of the study could make important contributions to the research and therapy of Covid-19. By dividing corona deaths into two groups, it would be easier to estimate which drug treatment could be used at what point in time.

Patients in the early course would be more likely to be treated with anti-inflammatory drugs and antiviral drugs. “Remdesivir, for example, the antiviral drug that Donald Trump received, certainly has a better effect if it is administered early enough,” Mertz emphasizes.

The use of Remdesivir is permitted in Europe – the active ingredient, however, is highly controversial. In some patients it works, in others no improvement was found. Only recently it became public that the World Health Organization (WHO) classifies remdesivir as ineffective against Covid-19.

Important NOTE: Under no circumstances does the information replace professional advice or treatment by trained and recognized doctors. The contents of t-online cannot and must not be used to independently make diagnoses or start treatments.

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There are two ways to die from Covid-19

A Swiss pathologist examined the lungs of deceased corona patients and was able to draw conclusions about various disease courses. The findings could improve the treatment of Covid-19.

In view of the rapidly increasing number of infections, it becomes clear: Any additional knowledge about the coronavirus is important. Researchers from Switzerland have now found out in autopsies that Covid 19 patients die for two different reasons. The results were recently published in the English-language journal “Nature Communications”.

Current study: two groups of corona deaths

Since the beginning of the corona pandemic, Dr. Kirsten Mertz, Senior Physician in Pathology at the Baselland Cantonal Hospital, and her team of people who work at the Covid-19– disease died. The researchers identified two groups among them: those patients who die early from a high viral load, and those who later succumb to the damage caused by the corona infection.

In an interview with the Swiss news portal “Blick”, Mertz explains: “The first group dies at an early stage of an enormously high viral load in the lungs. Unfortunately, the immune system does not manage to suppress the virus.” The lung tissue of these deceased patients is said to have been largely intact.

“In the second group, however, it looks very different: the body of these patients can initially defeat the virus – but then massive damage to the lungs and other organs can be seen,” says the pathologist. Such patients would only die after several days or weeks.

The body reacts too violently to the intruder. The virus may then subside, but the inflammation destroys the tissue and organs. “It’s like when the dentist pulls all your teeth because you have tooth decay. Then the tooth decay is gone, but so are your teeth,” the doctor compares.

Pathologist calls coronavirus a “killer”

When asked what a serious illness depends on, Mertz replied in the “Blick” interview: “Safe from the dose”. The higher the viral load, the stronger the body’s immune response and the more cells would be destroyed. Whether a corona infected person has to fear a severe course is not only due to factors such as previous illnesses and age. The amount of viral load that you carry can also be decisive. That is why masks and distance rules are so useful.

Lungs: The SARS-CoV-2 coronavirus can affect all organs. (Icon image) (Source: sompong_tom / Getty Images)

Mertz also says: “That Coronavirus was and is a killer. This will also be the case in the future. “There have been” slight mutations “since spring, but overall the virus itself has not changed much, according to the pathologist. And the risk groups are still the same – especially older people and those with previous illnesses, but no one has the guarantee of being spared a serious illness, says Mertz.

Lessons for the treatment of Covid-19

The pathological examinations of the study could make important contributions to the research and therapy of Covid-19. By dividing corona deaths into two groups, it would be easier to estimate which drug treatment could be used at what point in time.

Patients in the early course would be more likely to be treated with anti-inflammatory drugs and antiviral drugs. “Remdesivir, for example, the antiviral drug that Donald Trump received, certainly has a better effect if it is administered early enough,” emphasizes Mertz.

The use of Remdesivir is permitted in Europe – the active ingredient, however, is highly controversial. In some patients it works, in others no improvement was found. Only recently it became public that the World Health Organization (WHO) classifies remdesivir as ineffective against Covid-19.

Important NOTE: The information is in no way a substitute for professional advice or treatment by trained and recognized doctors. The content of t-online cannot and must not be used to independently make diagnoses or start treatments.

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“Corona is the worst that has ever happened to me” – Coronavirus

No previous illnesses, only 25 years old – and yet a corona infected person still suffers from the consequences of her illness after three weeks.

“Suddenly I couldn’t breathe. I thought I was suffocating and couldn’t even speak”, N. from Switzerland told “20 Minuten”. An ambulance brought the 25-year-old to the emergency room on October 1st. The positive test result gave certainty: Corona. She would never have thought that the disease could be dangerous for her.

“Can’t even walk 100 meters”

In the hospital, the young woman’s blood values ​​and lungs are examined. Fortunately, she has no pneumonia and is allowed to leave the hospital. 20 days after the diagnosis, she is still feeling bad. “I can’t even walk 100 meters without running out of air,” she says.

N. is shocked that the infection hit her so hard: “It is always said that young, healthy people do not have severe disease. If I had known how bad a mild course is, I would not have set foot outside the door . That `s not worth it.”

Fear of long-term damage

The 25-year-old Swiss woman demands that more people talk about how drastic corona disease can be – despite a good blood count and healthy lungs. She uses her voice on social media to educate young people. “Corona is the worst that has ever happened to me. I still have to do breathing exercises and am afraid that I will suffer serious long-term damage.”

She has no understanding for corona skeptics who defend themselves against the mask requirement and the distance rules: “That is irresponsible and selfish,” she says. “How can you live with exposing others to this dire disease?”

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Skiing in the Corona year: What ski resorts are planning in winter

TDespite increasing numbers of infections with the corona virus, many people should hope for a winter holiday. The ski resorts and holiday regions want to do their utmost to ensure that tourists do not stay away despite the pandemic.

Mask requirement, distance and disinfection determine the precautionary measures almost everywhere. Some places also rely on technology. Here is an overview of measures that ski resorts are planning in European countries:

Austria: fun in the snow without après-ski

“Skiing fun, yes, but without après-ski” is the slogan issued by the Austrian government. Food and drinks are only available while seated, in gondolas it is mandatory to wear a mask. In addition, authorities, tourism associations and operators rely on different measures depending on the federal state and ski area.

“Winter sports areas like Ischgl have become synonymous with the pandemic in the course of reporting. Of course, this does not correspond to reality, but nevertheless many people have reservations about traveling to these areas. We take that very seriously, ”says the director of the St. Anton am Arlberg tourism association, Martin Ebster.

also read

Travel warning before winter season

There is a wide range of measures: a multifunctional cloth for mouth and nose protection can be bought in some ski resorts, elsewhere directly with the season pass. When queuing for the ski lifts, keep your distance.

Hotel and ski resort employees should be tested more frequently for Corona, in some cases a fever should be measured every day before starting work. Registration of guests and contact tracking should also be done via mobile phone. Some places want to keep an eye on the situation with wastewater monitoring.

Several ski areas guarantee reimbursements when purchasing season tickets in the event that the lockdown occurs again. Everyone involved is afraid that German tourists could be absent because of the travel warnings from the Foreign Office – they made up more than half of all overnight stays in Tyrol and Vorarlberg.

Germany: Ski areas hope for day-trippers

Germany does not play a major role in alpine ski tourism. Because the ski areas in the Bavarian Alps are too small to keep up with the competition in Austria and Switzerland – not to mention low mountain slopes in the Black Forest, Fichtelgebirge or Sauerland. Day trippers are therefore important.

There are not yet any hygiene concepts coordinated with ministries, but the specifications for winter will be based on summer operations. That means it is mandatory to wear a mask for gondolas and lifts and distance requirements.

Several ski areas want to hire additional seasonal workers to guide visitors. An app for “guest tracing” will probably not only be used in Bavaria, the use of which would be voluntary and could help in tracking chains of infection.

also read

In the Black Forest, there is also hope for the season. “After all the Corona-related restrictions in the summer, I expect the guests to yearn for a Black Forest winter as they haven’t for a long time,” says Adrian Probst, chairman of the Feldberg lift network.

Lift tickets will only be available online. This would avoid queues in front of counters – “and we know exactly how many people come to us on which day,” they say. If the infection process requires it, the number of tickets will be limited. In addition to the mask requirement and distance rules, there should be stations with disinfectant dispensers. Personnel should ensure that measures are observed.

Switzerland: Keeping your distance on ski slopes is not a problem

The Swiss winter sports regions rely on optimism. “As always, we are planning a winter with some news with a lot of anticipation,” says Markus Meili, Managing Director of Engadin St. Moritz Mountains AG in Graubünden.

In Zermatt at the foot of the Matterhorn, all lifts are opened and the slopes are covered with snow. Zermatt Tourism has developed its own tube scarf, which, when pulled over the nose, is supposed to protect almost every protective mask from viruses.

“With the exception of the mouth and nose protection in closed means of transport and the distance rules in the queuing area, there are no changes to other winters when practicing snow sports,” says Meili. Simona Altwegg from Zermatt Tourismus says: “Nothing changes on the slopes because you are in the fresh air and the minimum distance is given when skiing anyway.”

With the Jungfrau Railways in the Bernese Oberland with the Grindelwald, Wengen and Mürren ski areas, you don’t see any problem. It is compulsory to wear a mask on trains and gondolas, and windows can be opened almost everywhere.

Switzerland: Switzerland: A skier who wears mouth and nose protection goes on the opening day of the ski area "Glacier 3000" in Les Diablerets with a chair lift

On the opening day of the “Glacier 3000” ski area in Les Diablerets, a skier who wears mouth and nose protection takes a chairlift

Source: dpa / Leandre Duggan

“There will be no mask requirement for the ski lifts and chairlifts,” says spokeswoman Kathrin Naegeli, as the guests are in the fresh air and the journey time is usually less than 15 minutes. The cantons are still likely to determine whether mouth and nose protection is necessary when queuing at ski lifts.

It is said that partying after a day on the slopes hardly plays a role in Switzerland. For the majority of guests, sporty skiing and gastronomy are in the foreground, says Altwegg. And Meili: The Upper Engadin is not known for extravagant après-ski. It is clear to everyone that the season is not going to be booming. A slump in the number of foreign guests is very likely, says Switzerland Tourism spokeswoman Martina Bieler.

Italy: Preparations for winter in South Tyrol

Preparations for the new season have been going on in the Italian ski areas for weeks. “We will take all the necessary precautions so that ski and winter tourism in South Tyrol is also possible this winter,” says the regional councilor in South Tyrol responsible for tourism, Arnold Schuler.

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The author with his son in the mud room of the family hotel “Nature Family Resort Feuerstein” in South Tyrol

The precautionary measures include the mandatory wearing of mouth and nose protection in cable cars and distance rules. All gondolas would be disinfected on a regular basis, protective barriers installed and the frequency of ski buses increased.

In many areas, visitors can buy ski passes online in advance and collect them in a ticket box on site. According to the authorities, ski schools, ski rentals as well as restaurants and hotels are also developing their own concepts.

France: Vacationers can cancel at short notice

Some of France’s winter sports regions have changed their cancellation policy. Travelers can also cancel at short notice if the Corona situation makes it necessary. Every traveler should check the conditions beforehand.

The winter sports area Courchevel in the French Alps advertises with two pharmacies and three medical centers that are open throughout the winter.

In La Plagne, which is not far away, it is emphasized that hygiene regulations and a nice skiing holiday are not mutually exclusive. Some accommodations offer online check-in to shorten the waiting time in common rooms.

Ski passes can be canceled up to 48 hours before the first day of validity. There are still childcare and ski courses. Helmets could also continue to be borrowed, they would be disinfected regularly.

A mask on chair lifts, in queues or in gondolas is compulsory in most ski areas – including in the winter sports resort Val Thorens in the Auvergne-Rhône-Alpes region. In general, the ski areas advertise that sufficient disinfectants are available everywhere and that lifts are cleaned regularly.

Czech Republic: Optimism despite many Corona cases

Traditionally, the ski areas in the Giant Mountains, the Ore Mountains, the Bohemian Forest and the Beskids are popular with tourists from Germany and Poland. However, when it comes to the number of new coronavirus infections, measured by population, the Czech Republic is now at the forefront across the EU. The Federal Foreign Office has issued a travel warning for the Czech Republic.

The Czech Association of Ski Areas is preparing a hygiene guide for the winter season. This is done in consultation with health authorities and the Ministry of Health in Prague, says association manager Libor Knot: “Sport and exercise in the open air is one of the safest activities.”

There will be restrictions on après-ski. Currently, in gastronomy, every guest must have a seat. In addition, no more than six people can sit at one table. All restaurants, bars and cafés have to close at 10 p.m. “We remain optimistic – if the weather plays along in winter, we could achieve visitor numbers comparable to the previous year,” says Knot.

Trip canceled – this is how vacationers get their money back

Because of the ban on accommodation, many people have to cancel their vacation in Germany. In an interview with WELT, travel lawyer Kay Rodegra explains what vacationers should pay attention to.

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Has Mercedes copied the e-bike from the Solothurn start-up “Asfalt”? – Canton (Solothurn) – Solothurn

David Oreio was astonished when he saw the pictures of the new Mercedes e-bike on social media. With the naked eye there is no difference to the «Asfalt LR» developed by him and two colleagues and which has received an international award. The founders of the Solothurn-based e-bike start-up Asfalt complained in a media release that they were “boldly copied”.

What’s behind it? Well, the three people from Solothurn spent four years tinkering, investing a lot of their own capital and even more heart and soul into the “Asfalt LR” project until they were able to produce their first small series in 2019. But the bike hit like a bomb. At the largest bicycle fair in the world, the Eurobike in Friedrichshafen on Lake Constance, the bike received a Gold Award in September 2019. It is as if a new carmaker appeared out of nowhere and won awards at the biggest trade fairs. A sensation.

Sébastian Lavoyer recommends

What is special about your bike is that two batteries are installed almost invisibly in the frame. One of the two batteries can be removed by removing the specially designed seat post and charged separately. The invisible “electronic helpers” guarantee a range of over 100 kilometers. In addition, the simple design is impressive. The glowing LED logo in the front, the round mid-engine, the carbon belt drive and the Nu-Vinci gear hub 380 – only the best is good enough. That costs around 3,100 francs.

«Asfalt» co-founder David Oreiro with the e-bike.  (Archive)

«Asfalt» co-founder David Oreiro with the e-bike. (Archive)

Design combined with quality and innovation, that must have been what led to the Solothurn-based company being contacted by the Australian company N + Bikes at the beginning of 2020. N + is a licensee of Mercedes Benz and was looking for an e-bike model that should have been sold under the license of “Mercedes Benz EQ Formula E-Team”. One negotiated, the Asfalt makers built a prototype with a glowing Mercedes logo and sent it to Australia. The prototype should have been presented to invited guests at the Formula 1 Grad Prix in Melbourne.

Mercedes-Benz takes “this topic” very seriously

Then came Corona. The Grand Prix was canceled, contact with N + silted up until a few days ago Mercedes and N + presented the confusingly similar “N + Mercedes-Benz Formula E Team eBike” on their platforms. Without knowledge of asphalt. And around 1,000 francs more expensive than the original, although there were zero development costs.

Find the ten differences!  On the left the “new” e-bike from Mercedes-Benz EQ, on the right the Asfalt, the Solothurn start-up of the same name.

Find the ten differences! On the left the “new” e-bike from Mercedes-Benz EQ, on the right the Asfalt, the Solothurn start-up of the same name.

The Solothurn inventors became aware of the brazen approach through inquiries from several dealers. Apparently, N + and Mercedes also used original Asfalt images without being asked. One of the product pictures even shows David Oreio, one of the Asfalt founders. We would have liked to put our questions to the founder. But he had to block for legal reasons: “We are currently in intensive negotiations on this particular case. I hope we can say more about it in a few days. “

We also confronted Mercedes with the allegation of copying. Roger Welti, Head of Communications at Mercedes-Benz Switzerland writes: “Mercedes-Benz takes this topic very seriously. Our colleagues in Germany are currently clarifying the matter precisely. ” Welti also emphasizes that Mercedes-Benz expects license partners to violate “no third party rights”. It is your turn to clarify the matter with N +. N + was previously unavailable for this newspaper.

Whatever the outcome, the Asfalt makers are now looking forward to the early release of their new model. With improved design as well as new motor technology and new battery. For a greater range and even more performance. With that, Asfalt will be ahead again. Copy or not.

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Role of Vitamin A and Cold in Fat Burning Identified – Life – Knowledge

However, simply taking vitamin A preparations is not expedient, emphasized Florian Kiefer from the Department of Endocrinology and Metabolism in a MedUni broadcast on Wednesday.

“Our results show that vitamin A plays an important role in the function of adipose tissue and has an influence on the energy metabolism. that it is transported to the right cells at the right time, “explains the scientist.

The Kiefer researchers demonstrated that moderate application of cold leads to an increase in vitamin A and its blood transporter, the “retinol-binding protein”, in humans and mice. Over ninety percent of the vitamin A reserves are stored in the liver, whereby the cold should support a redistribution of vitamin A in the adipose tissue.

The application of cold also resulted in a conversion of white to brown fat (“browning”) with increased fat burning and heat production. This “fat transformation” is associated with increased energy consumption.

Brown body fat is better than white

White adipose tissue is much more common in the human body, stores fat and is mainly located on the abdomen, buttocks and thighs. The body can fall back on these deposits when it needs more energy. Brown fat, on the other hand, burns energy while releasing heat.

The number of brown fat cells decreases with age and with overweight, which is why the possibility of converting white into brown fat could be a new therapeutic option for overweight and obesity.

Scientists from Harvard University in Boston and Rutgers University in New Jersey were also involved in the study. The results were published in the top journal Molecular Metabolism.

* Publication number https://doi.org/10.1016/j.molmet.2020.101088

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UBS doubles profits and exceeds expectations

Frankfurt Sergio Ermotti couldn’t hide his satisfaction on Tuesday. “The numbers speak for themselves,” said the outgoing head of the major Swiss bank UBS several times when presenting the nine-month balance sheet. In the third quarter, the bank posted net income of $ 2.1 billion, almost twice as much as a year ago. The revenue was $ 8.9 billion.

UBS thus significantly exceeded the analysts’ expectations. UBS shares rose by more than four percent. There is “not much to complain about,” commented Amit Goel from Barclays, who is one of the more skeptical observers at UBS.

The Swiss are picking up on the trend set by the major American banks: the market turmoil in the corona crisis gave investment banking, and especially the retail business, a boom. At the same time, central banks and states with massive support programs cushioned the economic consequences of the pandemic and took on default risks in the lending business.

The result: higher income and fewer costs from bad loans than feared. Most experts assume that this will also show in the results of the other major European banks. Next week, among others, Deutsche Bank, Commerzbank and Credit Suisse will present figures.

But that’s not more than a snapshot, because the uncertainty remains high. The second corona wave has long since arrived in Europe. The number of infections is rising rapidly again – and with it the concern about a second lockdown. That should then hit the national economies even harder than the first one in spring, with corresponding consequences for the banks as well.

Nevertheless, Ermotti was confident that UBS is robust enough. On November 1st, he hands over the helm to his successor Ralph Hamers, who has come from the Dutch ING. “UBS has every opportunity to open a successful new chapter in its history under Ralph,” said Ermotti. The major Swiss bank even wants to start again with distributions to shareholders. This could bring both European and US competition under pressure.

UBS’s core capital ratio (CET1) improved to 13.5 from 13.2 percent compared to the second quarter. The rating agency Moody’s also certified the bank’s “robust performance”. UBS could even have built up a much more comfortable capital buffer of 14 percent. But she put aside $ 1.5 billion for a share buyback program that could start next year. The prerequisite for this is the approval of the Swiss banking regulator Finma.

This was made possible because UBS has grown significantly across all business areas. In the bank’s most important division, the business with wealthy customers, it posted the strongest result since 2011. The pre-tax profit rose by 18 percent. In investment banking, UBS was able to more than double its pre-tax profit. Neither in business with Swiss private and corporate customers nor in business with rich customers worldwide have there been any major corona-related loan defaults. Sales added extra cash to the cash register.

The investment bankers celebrate

The US banks had already set the bar high last week: Morgan Stanley recently reported the second-highest profit the bank could ever generate in the third quarter of a year – around $ 2.6 billion, an increase of more than 25 Percent compared to the same period last year. Goldman Sachs even increased its profits from July to September by 94 percent year-on-year to $ 3.5 billion – the highest profit in a quarter since 2010.

Wall Street giant JP Morgan was also surprisingly resilient in the corona crisis with a four percent higher quarterly profit of 9.4 billion dollars. Institutions that are more strongly influenced by private customer business such as Citi or Bank of America, on the other hand, suffered from the consequences of the pandemic.

Overall, the income of the major US financial institutions in investment banking rose on average in the third quarter by 19 percent. This adds up to the increase since the beginning of the year to around 35 percent. The analysts at Hamburger Bank Berenberg are now assuming that 2020 could be the most successful year for investment bankers in a decade.

The analysts expect the same for the other European banks. The Berenberg experts assume that the income of European banks in investment banking will only grow by twelve percent, mainly because the US institutes have their home market, which is more lucrative. But the greatest profiteers in investment banking are likely to include UBS, Deutsche Bank and Credit Suisse.

UBS-Logo

Fee income in Equity Capital Markets (ECM) increased 340 percent.

(Photo: Reuters)

According to an analysis by RBC Capital Markets, UBS, Credit Suisse and Deutsche Bank grew faster than any other competitor in the thriving business with IPOs and share placements, called Equity Capital Markets (ECM). Accordingly, UBS was able to increase its fee income in this sub-area of ​​investment banking by 340 percent. Deutsche Bank grew by 280 percent, Credit Suisse by 228 percent.

Therefore, both institutes should also report significant earnings contributions from investment banking when they present their quarterly figures in the coming week. Deutsche Bank has already prepared the market for this: In a conference call with analysts, the largest domestic financial institution recently announced that it did as well or better than its American rivals in the third quarter in the trading business. The analysts of Morgan Stanley predict for the investment banking of Deutsche Bank in the third quarter revenues of 1.9 billion euros. That would be 17 percent more than a year ago.

The experts even consider an increase of a good 60 percent to over 500 million euros for the division’s pre-tax profit. For the corporate bank, actually the core of the new strategy of CEO Christian Sewing, the analysts forecast stagnating revenues of 1.4 billion euros and a likewise stagnating pre-tax profit of 248 million euros.

Growing differences

Overall, Morgan Stanley expects Deutsche Bank to generate pre-tax profits of EUR 387 million on revenues of EUR 5.6 billion. This makes the American analysts more optimistic than the rest of their colleagues. On average, the experts expect a small quarterly loss at Deutsche Bank. At CS, analysts expect the financial data provider Bloomberg, according to an average of revenues of 5.2 billion francs and a net profit of 530 million francs.

The examples from UBS, CS and Deutsche Bank show that in a crisis it is easier for broad-based universal banks than institutions that have focused on private and corporate customer business. Therefore, the expectations for Commerzbank, for example, are significantly lower. The quarterly result is likely to be burdened not only by the provisions for loans at risk of default, but also by restructuring expenses for the dismantling of around 200 branches, which the institute did not reopen after its closure due to Corona.

Commerzbank made a loss of 96 million euros in the first half of the year and is also expecting red figures for the year as a whole. According to Bloomberg, analysts assume an average of EUR 143 million in 2020. The experts calculate with a small profit of 18 million euros in the third quarter and then with a minus of almost 100 million euros in the final quarter. “We’re not over the mountain yet – the crisis is ongoing,” warned CFO Bettina Orlopp at a finance conference at the end of September.

graphic

The large differences in bank profits are likely to spark a debate about how solid banks can let their shareholders share in the success. For example, the US Federal Reserve banned the major US banks from distributing capital through dividends or share buyback programs by the end of the year. The ECB has also strongly recommended the institutions it supervises not to distribute any capital to shareholders. So far, there has been too great a concern that a wave of corporate bankruptcies would also put the banks under pressure and necessitate new state rescue packages.

But UBS boss Ermotti has made it clear that he wants to put pressure on the issue of distributions. “We will not withhold excess capital,” he clarified. “We have no plans to reduce our distributions.” The Board of Directors of UBS therefore announced that it would continue its dividend payments in the fourth quarter and distribute around 0.37 US dollars per share. An extraordinary general meeting on November 19 will decide on this.

Ermotti also defended the planned share buybacks and criticized the “demonization” of buyback programs in parts of the public. These are a very efficient way of managing distributions to shareholders and at the same time maintaining the flexibility to react to new crisis situations.

Overseers are concerned

The supervisors are also worried that the corona crisis is far from over. Andrea Enria, the ECB’s chief bank controller, fears that many banks are still too carelessly about their credit risks. A few have already started to reclassify their customers’ bankruptcy risk. Other banks would, at least as a precaution, form a general risk provision for their loan portfolio, Enria said recently in an interview with the Handelsblatt. But there are also optimists. “They prefer not to do anything as long as they have no concrete evidence that one of their customers is going bankrupt.”

A special Swiss route for distributions to bank shareholders could increase the pressure on Deutsche Bank and Co. to be optimistic about their credit risks in order to be able to keep up with the competition for investor capital.

More: Swiss bank Julius Baer earns more thanks to its austerity program and trading boom

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They sold their baby’s name for 18 years of free WiFi – News

A Swiss couple put him Twifia second name to his daughter for Take advantage of an Internet Service Provider’s promotion and get 18 years of free WiFi.

The father saw in Facebook the company’s offer Twifi and it seemed like a good opportunity. Depending on the provider’s conditions, anyone who calls your baby Twifus (if it is a child) or Twifia (if it is a girl) and to prove it with a photo of the birth certificate, you can take advantage of the promotion.

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Parents, who wish to remain anonymous, They did not want to reveal the girl’s full name, because they claim to be “a bit ashamed.”

“We don’t want to justify ourselves because the accusation of having sold our daughter’s name hits us very hard,” they explained. They also ensure that they will save the money they would have spent on the WiFi and put it into a savings account for little Twifia.

That way, they hope that when you come of age, you will use the money to buy a car, learn to drive, or change your name in case you hate it.

“The more I thought about it, the more unique the name became to me, and that’s when the thing acquired its charm,” confessed the father. “For me the name Twifia means connection in this context. An eternal bond! “, Affirms the mother, who admits that, at first, she did not like the idea.

Twifi’s boss, Philippe Fotsch, confirmed that his company will pay for the couple’s Internet until 2038, even in the event that the company goes bankrupt. “It is a matter of honor,” he declared, detailing that the offer remains in place in case someone else wants to take advantage of it, as published RT.

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Corona outbreak due to yodelling concert in Switzerland

AThe Canton of Schwyz has long been considered one of the regions with the lowest risk of corona infection in Switzerland. But that is now a thing of the past. “We currently have one of the worst outbreaks of Covid-19 in Europe in Schwyz,” said Reto Nüesch, chief physician at the Schwyz Cantonal Hospital, in a video that the hospital recently put online. Nüesch sent an alarm signal that was previously only known from hospitals in Italy or Spain: “The situation in the hospital is increasingly bad. We have more and more patients who are really bad. “

The fact that the canton of Schwyz has suddenly become one of the most severely affected areas, measured by the ratio of infections to the number of inhabitants, has to do with a singing event. At the end of September around 600 spectators came together for two performances of the yodel musical “Uf immer und Ewig” in a multi-purpose hall. There it was ensured that the visitors sat at a certain distance from each other. But there was no mask requirement, the yodelers stood close together on the stage. So there was a clear path in the room for the aerosols that are emitted in large quantities when singing. In addition to the yodelling concert, public festivals and private celebrations also caused exponentially increasing numbers of infections.

Special regulations for shopping tourists

The number of new infections is also increasing rapidly throughout Switzerland. Most recently, 9,600 Covid-19 cases were counted per million inhabitants. That is more than twice as much as in Germany. The Swiss tests for Sars-CoV-2 were almost 17 percent positive in the past seven days. The German federal government has now put ten Swiss cantons on the list of risk areas, including the large border canton of Zurich. In order not to restrict border traffic too much and not to stifle shopping tourism from Switzerland again, from which the German retailers benefit, Baden-Württemberg has issued an emergency ordinance: Those who enter from the risk areas and stay less than 24 hours do not have to go in Quarantine.

Since the end of the so-called extraordinary situation in mid-June, responsibility for the protective measures is no longer centrally in the hands of the Federal Council, as the government in Switzerland is called, but rests with the cantons. Since then, Switzerland has been like a regulatory patchwork quilt with widely differing requirements on mask requirements, public events and club visits. To the extent that life has shifted from outside to inside due to the weather, the low number of infections at the beginning of summer has risen continuously.

A yodel concert is the “very last thing”

“As far as events are concerned, many cantons have probably been too careless,” said the Bern epidemiologist Christian Althaus of the Swiss “Sunday newspaper”. A yodel concert like the one in Schwyz is really the very last thing you can afford during a pandemic. The number of hospital admissions for Covid-19 is currently doubling once a week. As in spring, the health system is threatened with overload. In fact, a number of hospitals are already in the process of ramping up their intensive care units as much as possible.

The Federal Council and the cantons have now recognized the seriousness of the situation and decided on measures that have been in effect throughout Switzerland since Monday. Publicly accessible spaces such as shops, restaurants, theaters, cinemas, museums, discos and churches as well as all public transport access areas may only be entered with mouth and nose protection. A mask requirement now also applies to private events with 16 to 100 participants. Violations can be punished with fines of up to CHF 10,000.

The cantons may take action beyond these measures. The canton of Bern decided to ban major events with more than 1000 people. This particularly affects the Swiss football and ice hockey league. The Swiss soccer champions BSC Young Boys from Bern and the top ice hockey club SC Bern speak in a joint message of a “frontal attack”. But the cantons of Basel-Stadt and Zurich are also considering such a step.

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