For German companies and the European economy as a whole, 2025 was a challenging year. The overall framework conditions were shaped by multiple pressures: a weak business climate, geopolitical tensions negatively affecting supply chains, and a regulatory environment in flux. This dynamic of change raises a central strategic question: how can companies remain competitive and […]
The current business climate index published by Creditreform shows a mixed picture: Although the sentiment index for German SMEs improved slightly in autumn 2025, the situation remains tense. Many owner-ed Mittelstand companies report declining earnings, stagnant demand, and growing equity weaknesses. According to Creditreform, 17.6% of businesses stated that they had reduced staff – and
The Russian war against Ukraine has added another global crisis. It hits the world at a time, when it is still struggling with the effects of the corona pandemic and bracing itself for the growing climate crisis. The Ukrainian people pay the highest price for the Russian aggression in terms of lost lives, injured and
The Spanish writer Miguel de Cervantes (1547-1616) coined the famous phrase: “To be prepared is half the victory.” The current world chess championship match between titleholder Magnus Carlsen and his challenger Sergey Karjakin is proof that this old wisdom still applies. Both contestants appear extremely well prepared on three levels: chess openings, mental robustness, and
The character of the world chess championship match between world champion Magnus Carlsen and his challenger Sergey Karjakin has changed: while they were testing each other’s (and the viewers’) patience in games 1 and 2, just waiting for the other side to make a mistake that never happened, the next two games were characterized by
