Gasoline price increases despite EU agreement – This is how VW’s bone breaker fell

1. The gas price peaks despite the EU agreement

On the day the EU reached an agreement on the gas reduction, the gas price peaked above the €200 mark on Tuesday afternoon. It was the second time in six months. Unrest over gas supplies has gripped the European energy market for weeks. Gas prices broke the €200 mark after Moscow announced on Monday night that it will pump less gas through the Baltic Sea link Nord Stream 1. State gas company Gazprom will supply about 20 percent of maximum capacity.

2. The IMF is gloomy about the global economy

The International Monetary Fund has further lowered its forecasts for the global economy, speaking of overwhelming risks. Developing countries in particular are feeling the pain of high inflation, rising interest rates and a strong dollar. The US may already be in recession, according to early signs. The global economy as a whole will grow by 3.2 percent this year, the IMF expects; on 1 April, 3.6 per cent was expected. The forecast for 2023 has been lowered by 0.7 percentage points to 2.9 percent. At the same time, the currency fund expects higher inflation, rising to almost 10 percent for emerging markets this year and 7 percent for developed countries.

3. Randstad record revenue, mainly foreign

The tight labor market resulted in record revenue for Randstad in the second quarter. Because it is difficult for companies to find sufficient staff, they are increasingly using temporary agencies such as Randstad. The turnover in the months of April, May and June increased by 13 percent and amounted to just under 6.9 billion euros. Especially in North America and Southern Europe, employers turned to the employment service more often. In the Netherlands, Randstad’s turnover was 1 percent more in the most recent quarter than in the same quarter last year. Randstad group CEO Dominique Hermans tells BNR: ‘We have many foreign workers in the Netherlands, we will need a lot more’.

4. Unexpected increase in Unilever’s revenue

Unilever’s revenue rose to €15.8 billion in the second quarter, which was more than analysts had expected. Underlying sales of the food company grew 8.8 percent, thanks to price increases of 11 percent in recent months. At the same time, the volume of products sold by the group fell by 2 percent. The producer of Calvé and Dove believes that high inflation will continue this year. Due to the corona pandemic and the war in Ukraine, costs have increased across the board: from transport to important raw materials such as vegetable oils. Nevertheless, Unilever is raising its forecast for revenue growth in 2022 by 4.5 to 6.5 percent.

5. Working from home is here to stay

After the lifting of the corona measures, such as the shutdowns and the advice to work from home, the Dutch still work at home more than twice as much as before the pandemic. They do this an average of 6.5 hours a week. Before corona, the Dutch worked from home an average of 3 hours a week. This is evident from research carried out by the Knowledge Institute for Mobility Policy (KiM) among a representative group of Dutch people. The results indicate that working from home will last. Employees who can do this structurally work from home one or two days a week.

Would you like to receive this news update every day?

Sign up for the MT/Sprous newsletter Management & Leadership,
with the latest news and best articles on leadership and management every day.

6. Must Read: How VW’s Bone Breaker Came Down

Beautiful portrait in De Volkskrant of the rise and fall of Herbert Diess (photo above), who was installed as CEO of VW last Friday. Two hours after he had wished his employees a ‘good holiday’ via Twitter, the message came that the board had had enough of the idiosyncratic head of Volkswagen. Dies, from BMW, was personally brought to Wolfsburg by Volkswagen patriarch Ferdinand Piëch in late 2014. There he began to remedy the energy. This earned him the nickname Knochenbrecher, bone breaker. Herbert Diess is succeeded by Porsche CEO Oliver Blume.

7. And then this: The Netherlands has almost 2 million crypto owners

One in seven Dutch people aged 18 and older owns cryptocurrencies. This corresponds to 1.9 million crypto owners. In most cases you have Bitcoins. The majority (63 percent) buy the cryptocurrency with money from the checking account. This is evident from the Cryptocurrency Monitor. Since the last measurement in 2018, there have been more than one million crypto owners. More than 70 percent of crypto owners are men. In addition, they are more often between 18 and 34 years old, have a higher vocational or university education and have a gross income between €3,500 and €5,500 per month.

Follow the news? Read all management and leadership updates

Leave a Comment