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glyphosate is likely to remain beyond June Allowed
13:46: for the weedkiller glyphosate, the clock is always ticking louder. End of the month the current authorization expires Europe – unless the States agree on a new authorization. Now Brussels tries evidently to put pressure. The weedkiller glyphosate will remain permitted in Europe most probably after the date the end of June.
The European Commission today made it clear that they will take the necessary decisions on renewal of the current authorization. It’s about 12 to 18 months, as the European Commissioner for Health and Food Safety, vytenis andriukaitis said.
Prior wants the Brussels authorities but try the circle of EU countries the necessary majority for the extension to reach. The current authorization expires at the end of June.
The European Commission wanted to reach a new authorization, has thus far failed, however, because the required majority did not take place among the EU countries. Andriukaitis recalled that it inconsistent with national governments free products, containing the active ingredient glyphosate to ban themselves. Glyphosate is a suspected carcinogen
Bayer CEO. Monsanto takeover is “Marathon”
10:42: Bayer CEO Werner Baumann expects with a tough struggle for the acquisition of US agricultural company Monsanto. “The proposed acquisition of Monsanto is not a sprint but certainly more of a marathon,” Baumann said the “Wirtschaftswoche”, according to a preliminary report Wednesday. In a realization of the business to the polls with the antitrust authorities could drag on.
The pesticide producers had rejected an initial offer of Bayer in the amount of 62 billion dollars (55.2 billion euros) in the past week, but nevertheless signaled readiness to talk. Baumann Reviewed this as “constructive refusal”.
Bayer had made public only two weeks ago, his interest in Monsanto. The “Wirtschaftswoche” said Baumann: “The range of Monsanto is the right strategic choice for a value-oriented development of Bayer.”
Monsanto is among other manufacturers of highly controversial pesticide glyphosate. With the acquisition of Monsanto would the Bayer division plant protection for the group’s largest. . If the transaction is concluded, it would be the largest acquisition of a German company abroad
Dax largely
recovers 10:35: After streaky data for Chinese industry and before major economic news from the US, investors have to be careful on Wednesday. After a somewhat weaker start the Dax recovered but largely. In early trade, he first came to a standstill, was last but with 0.15 percent at 10 278.34 points in the plus.
The MDAX of medium-sized companies fell by 0.10 percent to 20 741.39 Points. For the technology index TecDAX went against it by 0.39 percent up at 1694.73 points. The Euro-zone leading index Euro Stoxx 50 lost 0.21 percent.
In China the official purchasing managers’ index fell for the industry in May of slightly better than expected, on the other hand reported by the business magazine “Caixin” expect a slight clouding. Our derived “Caixin» Index but focuses on small and medium-sized enterprises, in the official survey mainly large companies are taken into account.
In the later course of trading is expected to be paid mainly to the data to the mood of the American purchasing managers.
PayPal performs payment by installments a
8:57 the online payment service PayPal wants to expand its business in Germany with the introduction of installment payments. Dealers can integrate the Bezahlweg in their online stores for buyers a PayPal account is required, the US company said on Wednesday. The first retail partners are ten online stores that sell, among other electronics, and engineering:
- Bike Components (Shop for bike parts and accessories)
- Digital Delivery (Onlineshop consumer electronics and household appliances)
- shower Master (online shop around shower and bath)
- Folding XXS (online shop for folding bikes)
- Kitchcom (online shop for kitchens, kitchen appliances and kitchen accessories )
- Marine Sales (online shop around the theme boats)
- myRobotcenter (online shop for household robots, Staubsaugroboter & amp; Co)
- residential lighting (online shop lamps and bulbs )
- Xenudo (online shop for consumer electronics and appliances)
- Zeldi (online shop for tents)
PayPal split last summer by longtime parent company Ebay from. In business with mortgage payments when making purchases online PayPal meets established rivals such as the Swedish supplier Klarna or banks that work with online retailers.
At Rewe now get no more plastic bags
7:59 Germany’s second largest food retailer Rewe stops sale of plastic bags. This is intended in Germany annually about 140 million plastic bags less in waste land, as the company announced on Wednesday morning. Instead of polluting plastic bags, the group wants to offer its customers in all its supermarkets alternatives of cotton and jute, as well as permanent shopping bags made from recycled materials, cardboard boxes and paper bags.
remainder of plastic bags are sold in the markets but until July, the company said. In the more than 3000 Rewe markets a week to buy a 27 million customers. In a three-month test phase, the company had tried to renounce the plastic bags in more than 130 markets. A majority of consumers favor and accept the step, the retail giant summed up his experience. Nearly two-thirds of the surveyed customers wanted access to reusable tote bags or shopping boxes.
Not affected by the plastic bag ban at Rewe are, according to a company spokesperson provisionally the free transparent plastic bags containing about at the fruit and vegetable counter be used. But here will look for alternatives.
Further details will Rewe at a press conference with Federal Environment Minister Barbara Hendricks and Naturschutzbund Germany (NABU) in the morning in Berlin known.
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