Expert warns: German subsidiary of Signa Prime files for bankruptcy for Elbtower in Hamburg. René Benko's real estate empire collapses. Salt increases operating profits. Strikes at Amazon on Black Friday. Foreign corporate groups dominate sales in Switzerland. Boehringer Ingelheim buys biotech company T3 Pharmaceuticals. ThyssenKrupp records billions in losses due to write-downs in the steel business. Zoom exceeds market expectations. Cruise boss resigns after accident.

Expert warns: German subsidiary of Signa Prime files for bankruptcy for Elbtower in Hamburg. René Benko's real estate empire collapses. Salt increases operating profits. Strikes at Amazon on Black Friday. Foreign corporate groups dominate sales in Switzerland. Boehringer Ingelheim buys biotech company T3 Pharmaceuticals. ThyssenKrupp records billions in losses due to write-downs in the steel business. Zoom exceeds market expectations. Cruise boss resigns after accident.

According to a report from www.nzz.ch, Signa Prime's German subsidiary, Signa Real Estate Management Germany, is filing for bankruptcy, ushering in the disintegration of René Benko's real estate empire. This has made investors nervous as it is the most valuable part of the group, with properties worth around 17 billion euros. The high-end division, which includes the KaDeWe and the Elbtower, needs around 500 million euros in fresh capital this year to meet its obligations.

The impact on the real estate market and the financial sector could be significant. A bankruptcy of Signa Prime could lead to price adjustments on the real estate market and shake investors' confidence in René Benko's empire.

In contrast, mobile operator Salt increased operating profit and sales in the third quarter of 2023. With an increase of 92,200 subscriptions and a 27 percent increase in corporate customers, Salt delivered a strong performance that will boost investor confidence.

The strikes at Amazon on the occasion of Black Friday could lead to delivery bottlenecks, which in turn could have a negative impact on the online retailer's sales. At the same time, the latest data from business group statistics show that foreign-controlled business groups generate significantly more sales, while domestic business groups employ more people.

In addition, the German pharmaceutical company Boehringer Ingelheim acquired the Swiss biotech company T3 Pharmaceuticals, while ThyssenKrupp had to post high losses in the last financial year due to write-downs in the steel business. In positive news, video conferencing service Zoom exceeded market expectations, underlining its strong market position.

It remains exciting to see how the developments at Signa Prime and ThyssenKrupp will impact the market and the financial industry.