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Local News Summary of June, 26th

  • 9th title for magnetic Federer at Gerry Weber Open in Halle
  • Problems of access for all traffic and lack of parking spaces at EuroAirport Basel
  • Bank for International Settlement warns against isolationist tendencies

9th title for magnetic Federer at Gerry Weber Open in Halle

Roger Federer has won the ATP-500-tournament in Halle for the 9th time after beating the young German player Alexander Zverev (ATP 12) in a stunning performance with 6:1, 6:3.

Federer dominated the game in a way he had wished for when he lost against 20-year-old Zverev last year in the semi-final. This time around, Federer used his first match ball in the 53rd minute to achieve his 9th triumph at Halle.

Federer has so far won four tournaments this year despite pulling out of one of the tournaments (on sand) and despite taking a ten-week break before the grass-season started. This year he has only lost two games.

Problems of access for all traffic and lack of parking spaces at EuroAirport Basel

Construction works at EuroAirport Basel-Mulhouse are set to start this week, leading to a lack of access and causing a temporary chaos. The access to the departure level is to be closed to all vehicles until mid-July, which will lead to a lack of parking spaces. Even the public bus has to stop at the arrivals area to drop off departing passengers.

With the start of the holiday months, traffic usually increases at the EuroAirport. Both passengers and administration are aware of this fact. However, since the start of June there has been construction works at the departure level of the airport building, and the space at the area underneath has become tighter and tighter. The chaos starts in front of the airport building, with bus, taxis, and private cars all looking for a parking space. Drivers are sometimes parking their cars in the taxi stand or the space of «Catch a Car», This leads to problems.

Vivianne Gaskell, spokesperson of EuroAirport, recommends that passengers get to the airport early or plan enough time ahead to look for a parking space, as long as the construction works last.

At least these calamities will improve the comfort for passengers in the future: In the course of the construction works the access roads and the path to the check-in area will have a new tarmac. After that, the arduous journey on foot with the heavy rolling suitcase will be more comfortable and rumble-free. Until then: Time flies, but the time to get to the flight lasts and lasts.

Bank for International Settlement warns against isolationist tendencies

The Bank for International Settlement (BIS) is concerned about an increase in protectionist tendencies which it claims would hit economic growth and turn away from globalisation, according to the annual report of the central banks.

In the report, published on Sunday, the BIS warned that «Investments would suffer first since they are closely intertwined with trade». The report said that, in the long run, increases in productivity would be in danger and inflation could return. «Surely the benefits of globalisation are not equally distributed, especially since certain countries couldn't adapt to globalisation», said Head of the Monetary and Economic Department at BIS, Claudio Borio. But to turn back now would be just as senseless as abolishing technological innovation, he said.

BIS suggests that the current framework for the economy has never been so good since the financial crisis. «Growth has significantly gained momentum and according to prognosis it will return to its average in recent years», Mr Borio said.

However, the large debts of private households could slow down growth, according to BIS experts. Higher interest rates could make debt service more difficult. A normalisation of monetary policies therefore is a “big challenge” for central banks, he said.