economy of the region
LIVE: Pro-Palestinian activists demonstrate outside France's Sciences Po university
twitter.com/i/broadcasts/1dRKZEgYoMVxB
Rheinmetall: Cologne tests loading curbs in practice - Golem.de: Rheinmetall and the city of Cologne have given the starting signal for a charging infrastructure ...
golem.de/news/rheinmetall-koeln-testet-ladebordsteine-in-der-praxis-2404-184571.html
Europe faces ‘mortal’ threat, says Emmanuel Macron: French president calls for huge investment push and EU reforms in Sorbonne speech
ft.com/content/01a0657c-ed25-4d7b-add6-568dcc6907f9
Quick Glance: Macron Calls for Stronger European Defense
- Macron urged Europe to adopt a credible defense strategy less dependent on the US.
- He warned that Europe was not adequately prepared to face global threats like Russia's war in Ukraine.
- Emphasizing European sovereignty, Macron called for autonomy in defense and the economy.
- He advocated for a revision of EU trade policy, prioritizing European suppliers for military equipment.
Students at prestigious Paris university occupy campus building in pro-Palestinian protest
apnews.com/article/france-paris-university-campus-protests-israel-palestinians-gaza-b2743b076ff31a8dbe74478a046c1379
Porsche Profit Slumps 30% on Model Renewals, China Downturn: Porsche AG’s profit plummeted during the first quarter for the weakest result since listing in ...
bloomberg.com/news/articles/2024-04-26/porsche-profit-slumps-30-on-model-renewals-china-downturn
The Anglosphere has an advantage on immigration: English-speaking countries generally do better at both attracting and integrating talent
ft.com/content/c6bb7307-484c-4076-a0f3-fc2aeb0b6112
UBS Says Investors Fear Labour Could Hit UK Banks’ BOE Deposits: Investors are starting to worry that a future Labour government could seek to raise money for ...
bloomberg.com/news/articles/2024-04-26/ubs-says-investors-fear-labour-could-hit-uk-banks-boe-deposits
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Rebuilding Ukraine with an international skilled labour initiative ｜ DPA: German Development Minister Svenja Schulze has announced plans to support the ...
nordot.app/1156549259461247087
Germany to Take On Additional €8 Billion in Net Debt in 2025: Germany’s federal government will have more borrowing leeway next year and net new debt will be ...
bloomberg.com/news/articles/2024-04-26/germany-to-take-on-additional-8-billion-in-net-new-debt-in-2025
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F1 News: Audi Signs First Driver for Formula One Entry: Nico Hulkenberg will drive for Stake in 2025, transitioning into Audi F1 team in 2026.
newsweek.com/sports/f1-news-audi-signs-first-driver-formula-one-entry-1894555
ECB Says Consumer Inflation Expectations Edged Lower in March: Inflation expectations of consumers in the euro zone inched down in March, according to the ...
bloomberg.com/news/articles/2024-04-26/ecb-says-consumer-inflation-expectations-edged-lower-in-march
Supporters of Spain's Sanchez call rallies, leftists abroad urge him to stay: Supporters of Spanish Prime Minister Pedro Sanchez prepared on Friday to hold ...
reuters.com/world/europe/supporters-spains-sanchez-call-rallies-leftists-abroad-urge-him-stay-2024-04-26/
Quick Glance: Spain's PM faces pressure over wife's corruption probe
- A Madrid court confirmed an investigation against Begoña Gómez for alleged influence peddling and corruption.
- Sánchez criticized the complaint as part of a harassment campaign against his wife.
- The probe relates to Gómez's ties to companies that received government funding.
- The opposition pushed for a statement from her regarding the investigation.
Special session on nuclear phase-out: FDP MP sees no wrongdoing on the part of Economics Minister Habeck
spiegel.de/politik/deutschland/atomausstieg-fdp-abgeordneter-sieht-kein-fehlverhalten-bei-wirtschaftsminister-robert-habeck-a-ff186fb7-86ff-4d08-921a-b83474756dd0
Quick Glance: CDU Official Demands Halt to Nuclear Power Plant Decommissioning
- A revelation from "Cicero" magazine indicates that the decision for Germany's nuclear phase-out was primarily driven by green anti-nuclear activists, sparking harsh criticism towards Economy Minister Robert Habeck.
- The Economy Ministry refutes the "Cicero" portrayal, emphasizing that decisions were based on transparent and open-ended evaluations.
- The CDU and FDP criticize Habeck, calling for clarification and a reassessment of the nuclear power plant decommissioning.
- Experts and politicians express concerns over potential public misrepresentation and the erosion of trust in the government due to the revelations from the documents.
BNP Paribas Is Said to Plan 50 Job Cuts Across Its UK Unit: BNP Paribas SA is planning to cut as many as 50 roles across its unit in the UK as Chief Executive ...
bloomberg.com/news/articles/2024-04-26/bnp-paribas-is-said-to-plan-50-job-cuts-across-its-uk-unit
Formula 1 | Decision made? Sauber apparently throws Bottas and Zhou out: The Formula 1 driver market is slowly gaining momentum. The rumor mill is getting hotter ...
sport.de/news/ne6598805/formel-1--entscheidung-gefallen-sauber-schmeisst-offenbar-bottas-und-zhou-raus/
Euro-Zone Inflation Set to Hit First Bump in ECB’s Road to 2%
bloomberg.com/news/articles/2024-04-26/euro-zone-inflation-set-to-hit-first-bump-in-ecb-s-road-to-2
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56 percent at the beginning of the year: Renewables are producing more and more electricity in Germany
n-tv.de/wirtschaft/Erneuerbare-produzieren-immer-mehr-Strom-in-Deutschland-article24902492.html
No progress: Neither train nor car are suitable means of transport in Bonn
ga.de/bonn/stadt-bonn/bonn-weder-bahn-noch-auto-geeignete-verkehrsmittel_aid-111412625
Galeria closes 16 of its 92 department stores: Of the approximately 12,800 people the company employs, 11,400 are expected to keep their jobs ...
faz.net/aktuell/wirtschaft/unternehmen/galeria-schliesst-16-seiner-92-warenhaeuser-19682121.html
Robert Habeck under pressure: Germany's nuclear phase-out was about ideology: Internal correspondence shows: At the height of the energy crisis ...
nzz.ch/der-andere-blick/robert-habeck-unter-druck-beim-deutschen-atomausstieg-ging-es-um-ideologie-ld.1827929
Quick Glance: German Exit from Nuclear Energy: Ideology Over Pragmatism
- During an energy crisis, green ministries in Germany pushed through the nuclear energy phaseout, disregarding warnings and prioritizing ideological goals over energy security.
- Internal communications reveal that high-ranking green officials ignored and twisted facts to advance the nuclear phaseout, even if it raised safety concerns.
- The origins of the energy transition were not primarily focused on climate change but aimed to eliminate nuclear energy and transition to renewables and coal.
- The decommissioned nuclear power plants now serve as monuments to a green misstep that led Germany into an energy policy tragedy, potentially hindering the construction of new nuclear power plants.
Only Half of Global Interest Rate Hikes Set to Be Taken Back by End-2025: Major advanced economy central banks are likely to take back less than half of the ...
bloomberg.com/news/articles/2024-04-26/only-half-of-global-rate-hikes-set-to-be-taken-back-by-end-2025
Paid articlePaid Gucci-Owner Kering Flounders in the French Luxury Sector: The resilience of rivals like Hermès shows Kering’s crisis is mostly of its own making rather than from ...
bloomberg.com/news/newsletters/2024-04-26/gucci-owner-kering-flounders-in-the-french-luxury-sector
UK police charge two men with immigration offences after Channel migrant deaths: British police have charged two men with immigration offences after five ...
reuters.com/world/uk/uk-police-charge-two-men-with-immigration-offences-after-channel-migrant-deaths-2024-04-26/
Ireland says UK's Rwanda policy drives migrants over its border: The threat of deportation to Rwanda is causing migrants to head for Ireland instead of staying ...
reuters.com/world/ireland-says-uks-rwanda-policy-drives-migrants-over-its-border-2024-04-26/
Boeing reports first revenue drop in 7 quarters as deliveries decline: Boeing on Wednesday reported its first quarterly revenue drop in seven quarters, but the U ...
reuters.com/business/aerospace-defense/boeings-lower-max-production-will-slow-planemakers-recovery-ceo-says-2024-04-24/
Quick Glance: Boeing faces revenue decline after 7 quarters with decreasing deliveries
- Boeing experienced a revenue decline in the last quarter, marking the first time in seven quarters as aircraft deliveries decrease.
- The quarterly revenue amounted to $16.57 billion, surpassing the expectations of $16.23 billion.
- Boeing aims to deliver a significant portion of its inventory of 737s and 787s by the end of the year to generate much-needed capital.
- Operating margins at Boeing's defense business improved to 2.2% in the quarter, compared to a negative value of 3.2% a year ago.
Spain's Bankinter takes on Irish banks with deposit move: Bankinter said on Friday it was applying for a full Irish banking licence and entering the deposit ...
reuters.com/business/finance/spains-bankinter-takes-irish-banks-with-deposit-move-2024-04-26/
Berlin Kidnapping Accusation Hangs Over Rising Vietnam Communist Official: It was a calm Sunday morning in a park near Berlin’s iconic Victory Column when a ...
bloomberg.com/news/articles/2024-04-25/berlin-kidnapping-accusation-hangs-over-rise-of-vietnam-enforcer
FDP in crisis: The wrong track of traffic light criticism - Lindner's double problem
t-online.de/nachrichten/kolumne-christoph-schwennicke/id_100390680/fdp-in-der-krise-irrweg-ampel-kritik-lindners-doppelte-problem.html
Quick Glance: FDP in Crisis: Misguided Criticism – Lindner's Double Trouble
- The FDP criticizes its own government and is in crisis. The role of opposition is damaging the party's reputation.
- The FDP struggles to assert itself against other parties. Liberalism in Germany is often misinterpreted.
- The FDP faces internal challenges and needs to strengthen its position within the government. The party struggles to assert itself against coalition partners.
- Under Christian Lindner, the FDP faces difficulties in maintaining a clear stance. Internal conflicts and clumsy communication lead to tensions within the party.
"We won’t give in until the genocide in Gaza ends." Students block Paris’s Sciences Po to protest against Israel’s war on Gaza. — in pictures Students block Paris’s Sciences Po to protest against Israel’s war on Gaza | Israel War on Gaza News | Al Jazeera
Kremlin designed concept to achieve “majority in elections at all levels” for AfD
welt.de/politik/deutschland/article251241360/Kreml-entwarf-Konzept-um-fuer-AfD-Mehrheit-bei-Wahlen-auf-allen-Ebenen-zu-erreichen.html
Tagesschau does not mention the scandal in the Habeck Ministry at all: If the Federal Ministry of Economics and the Federal Environment Ministry are possibly ...
focus.de/politik/deutschland/ein-kommentar-von-josef-seitz-fuer-den-skandal-im-habeck-ministerium-hat-die-tagesschau-nicht-eine-sekunde-zeit_id_259890032.html
US economic growth for the first quarter could be revised higher and inflation will ease to more normal levels, US Treasury Secretary Janet Yellen told @Reuters ... Show more
Yellen says US economy strong, all options open on China's overcapacity | Reuters
Yellen says US economy strong, all options open on China's overcapacity | Reuters
Fears about stagflation are mounting in the US. It’s every central banker’s worst nightmare
cnn.com/2024/04/25/economy/stagflation-us-economy-gdp/
Quick Glance: Rising Key Fed Inflation Measure in March
- In March, inflation remained strong, with an important indicator closely monitored by the Federal Reserve indicating elevated price pressures.
- The personal consumption expenditures price index excluding food and energy increased 2.8% from a year ago in March, above expectations.
- Both the all-items PCE price gauge and the core index increased by 2.7%, higher than estimates, leading to a positive market reaction.
- Markets reacted mildly to the data, with Wall Street set to open higher, while Treasury yields fell and the probability of rate cuts increased slightly.
LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko: Private equity fund L Catterton, which is backed by luxury giant LVMH Moet Hennessy Louis Vuitton ...
trib.al/3253Jnc
Venice tests 5-euro day-tripper entry fee as the Italian city struggles with overtourism
pbs.org/newshour/world/venice-tests-5-euro-day-tripper-entry-fee-as-the-italian-city-struggles-with-overtourism
Quick Glance: Venice: Admission Fee and Overcrowding Mitigation
- Venice introduces entry fee: five euros for day visitors.
- Overtourism damages the city and drives residents away.
- Controversy surrounds new regulation, funding infrastructure.
- Likely future price increases and tiered rates for Venice.
TotalEnergies looking at primary listing in New York, says CEO: French oil major TotalEnergies is "seriously" looking at a possible listing in New York ...
reuters.com/markets/commodities/totalenergies-considers-listing-new-york-says-ceo-2024-04-26/
Daimler Truck faces imminent strike by over 7,300 US workers: Daimler Truck must reach a new labor contract with over 7,300 hourly workers at six facilities in ...
reuters.com/world/us/daimler-truck-faces-imminent-strike-by-over-7300-us-workers-2024-04-26/
Billionaire Pinault CEO Laments Kering Slide as Fortune Dwindles: The billionaire Pinault heir at the helm of Gucci owner Kering SA is unhappy about the fashion ...
bloomberg.com/news/articles/2024-04-25/kering-ceo-pinault-unhappy-with-gucci-owner-s-performance
Quick Glance: Time for Kering’s King to Consider a Step Back
- Francois-Henri Pinault, Chairman and CEO of Kering, should consider bringing in fresh blood and possibly appointing a new CEO.
- In any sector other than luxury, shareholders might have already stepped in to suggest a change at the helm, but at Kering, founding families tightly control the company.
- The board of Kering should apply pressure on the chairman to at least give up the CEO role.
- Pinault should step back into the chairman's job and leave a new Kering chief the independence they will need.
Boese on allegations of nuclear power plant shutdown: How serious is the situation for Habeck and Lemke?
n-tv.de/mediathek/videos/politik/Wie-ernst-ist-die-Lage-fuer-Habeck-und-Lemke-article24902547.html
Chinese cognac sales drive Remy Cointreau to Q4 sales beat: Remy Cointreau reported a far smaller-than-expected fall in fourth-quarter sales on Friday ...
reuters.com/business/retail-consumer/remy-cointreau-reports-better-than-expected-q4-sales-2024-04-26/
Luxury Consumption: The Dream of the Gucci Shoe: How does it feel to finally get what you've been saving for two years? A Luxury Consumption Report
zeit.de/zeit-magazin/mode-design/2024-04/luxuskonsum-gucci-luxusgueter-geld-sparen
Quick Glance: Gucci Shoe: The Long Road to Luxury
- A long-awaited Gucci shoe after two years of saving for 895 euros
- The significance of luxury and participation in exclusive products
- Considerations on the value and resale of Gucci shoes, as well as the ordering process
- Excitement and anticipation for the arrival of the Gucci shoe as a symbol of ascent
EU should revisit bank and insurer capital rules, Macron says: French President Emmanuel Macron called on Thursday for a revision of how Europe applies minimum ...
reuters.com/world/europe/eu-should-revisit-bank-insurer-capital-rules-macron-says-2024-04-25/
📸 “I'll give you €100 if, when she's finished on the phone, you ask Ursula if she was talking to that bloke from Pfizer.”
That's our caption contest entry ... Show more
Meet the world’s newest superheroes: Seagull Boy, Alcohol Man and the Incredible Kebab – POLITICO
Meet the world’s newest superheroes: Seagull Boy, Alcohol Man and the Incredible Kebab – POLITICO
Electrolux Q1 loss nearly triples on weak demand but beats expectations: Electrolux's operating loss nearly tripled in the first quarter on weak demand and poor ...
reuters.com/business/retail-consumer/electrolux-q1-loss-nearly-triples-weak-demand-beats-expectations-2024-04-26/
TotalEnergies ‘seriously’ looking at moving listing from Paris to New York: Chief executive Patrick Pouyanné says US investors back the group’s prospects and ...
ft.com/content/03eb893e-b92f-4443-8ecd-f9c2911f969e
Renault talks to China's Li Auto and Xiaomi on tech collaboration: Renault held talks this week with China's Li Auto and Xiaomi on electric and intelligent ...
reuters.com/business/autos-transportation/renault-talks-chinas-li-auto-xiaomi-tech-collaboration-2024-04-26/
German rail traffic paralysed after thieves steal electrical cables: Electrical cable thieves paralysed train service in parts of western Germany overnight ...
nordot.app/1156490102971548430
Sweden should hike military budget to 2.6% of GDP, defence committee says: Sweden should raise its military spending to around 2.6% of GDP by 2030 ...
reuters.com/world/europe/sweden-should-hike-military-budget-26-gdp-defence-committee-says-2024-04-26/
After Robert Habeck's statements in a special meeting on the nuclear phase-out, "many questions have not been answered," says the Union parliamentary group's ... Show more
Viral Tiktok Video: Can't Find a Job Because of Tattoos?: Experts told Business Insider how likely it is that you won't get a job because of your tattoos.
businessinsider.de/leben/international-panorama/virales-tiktok-video-findet-man-wegen-tattoos-keinen-job/
Peckham electrician runs his own company at just 23 years old: A Peckham electrician, who runs his own company at just 23, talks about how much he earns ...
southwarknews.co.uk/area/peckham/peckham-electrician-runs-his-own-company-at-just-23-years-old/
Rocket Report: SLS workforce cuts; New Glenn launch to launch in the early fall: "This is a vital component in our preparations for launch."
arstechnica.com/space/2024/04/rocket-report-sls-workforce-cuts-new-glenn-launch-to-launch-in-the-early-fall/
Stuttgart Spring Festival: What do you get for ten euros on the Wasen?: Stuttgart Spring Festival: What do you get for ten euros on the Wasen? - News from ...
zvw.de/stuttgart-region/fr%C3%BChlingsfest-stuttgart-was-bekommt-man-f%C3%BCr-zehn-euro-auf-dem-wasen_arid-805417
Legal lower limit: Klingbeil demands significantly higher minimum wage: Will the minimum wage soon rise to 14 or even 15 euros? If SPD leader Klingbeil has his ...
spiegel.de/wirtschaft/soziales/mindestlohn-lars-klingbeil-fordert-deutliche-anhebung-der-untergrenze-a-efacab21-4cda-48ad-8bba-af5327377b4b
Saint Laurent Sets 3 Cannes Film Premieres With Selena Gomez, Zoe Saldaña and More
thewrap.com/wrapstyle-saint-laurent-cannes-film-premieres/
Jefferies boss sells $65mn in stock to buy a customer’s yacht: Purchase shines light on wealth accumulated by longtime chief executive Rich Handler
ft.com/content/6ac8c763-e14d-49d5-b762-43ae35acecb3
Wet food in the product test: cat food from the discounter is the price-performance winner
n-tv.de/ratgeber/Katzenfutter-vom-Discounter-ist-Preis-Leistungs-Sieger-article24901606.html
Quick Glance: Warentest: Discount Cat Food Tops the List
- The number of cats in Germany has almost doubled, emphasizing the importance of quality food.
- Warentest examined 23 wet cat foods, focusing on nutritional content and adequacy.
- Out of the products tested, 16 received good ratings, while three performed poorly.
- The price-performance winner was Lidl's cat food, priced at only 0.37 euros per day.
Bayer investor Deka takes a stand against CEO in annual vote: Bayer shareholder Deka Investment said on Friday it would not join other large investors in ...
reuters.com/business/healthcare-pharmaceuticals/bayer-investor-deka-takes-stand-against-ceo-annual-vote-2024-04-26/
Passengers on a #Lufthansa flight to Los Angeles went through a scary 20 minutes when their plane tried to touch down at the city's airport on Tuesday.
TotalEnergies Q1 net income falls 22% on lower gas prices: French energy giant TotalEnergies posted a 22% decline in first-quarter earnings versus a year earlier ...
reuters.com/business/energy/totalenergies-q1-net-income-falls-22-lower-gas-prices-2024-04-26/
Krakow or Warsaw, Poland to the Dominican Republic from only €128 one-way: Cheap flights from Krakow or Warsaw, Poland to the Dominican Republic from only €128 ...
secretflying.com/posts/krakow-or-warsaw-poland-to-the-dominican-republic-from-only-e128-one-way/
Riverboat captain can't wait for Paris 2024 opening ceremony: Khalid Driouech can't wait - the 60-year-old Seine riverboat captain is one of 94 set to transport ...
reut.rs/3JArfgN
Thyssenkrupp sells stake in steel unit to Czech billionaire Kretinsky: Thyssenkrupp will sell a 20% stake in its steel business to the energy holding controlled ...
reuters.com/markets/deals/thyssenkrupp-enters-strategic-partnership-with-kretinskys-epcg-2024-04-26/
"The Tortured Poets Department": Taylor's boring volume of poetry
falter.at/swiftworld/20240426/the-tortured-poets-department-taylors-langweiliger-lyrik-band
EQT’s Avetta Buyout to Get One of the Cheapest Private Credit Loans: EQT AB is tapping a group of direct lenders for around $1 billion of debt to help finance ...
bloomberg.com/news/articles/2024-04-25/eqt-to-get-one-of-the-cheapest-loans-from-private-lenders-for-avetta-buyout
Adtech firm Equativ is in talks to acquire Sharethrough: sources: PE firm Bridgepoint recently took a majority stake in Equativ and Deutsche Telekom took a stake ...
businessinsider.com/equativ-in-talks-to-acquire-sharethrough-adtech-sources-2024-4
“Bayer is burning brightly”: Investors rub the Bayer boss’s corporate misery in the face
n-tv.de/wirtschaft/Investoren-reiben-Bayer-Chef-Konzernmisere-unter-die-Nase-article24904413.html
How Volvo landed a cheap Chinese EV on U.S. shores in a trade war : A made-in-China electric vehicle will hit U.S. dealers this summer offering power and ...
nbcnews.com/business/autos/volvo-landed-cheap-chinese-ev-us-shores-trade-war-rcna149349
America’s latest aid will give Ukraine only a temporary reprieve: The bitterness of the struggle in Washington is a sign of trouble ahead
economist.com/leaders/2024/04/24/congress-has-given-ukraine-a-reprieve-with-its-new-aid-package
🪧✊ Students in #Paris staged a pro-#Palestinian 🇵🇸 solidarity demonstration Friday at #SciencesPo , one of France's most prestigious universities ... Show more
Ban or no ban, TikTok artists and advertisers to remain until 'door slams shut': Ban or no ban, TikTok's partners in the music and advertising world plan to ...
reuters.com/technology/tiktok-artists-advertisers-stay-with-app-until-door-slams-shut-2024-04-24/
Quick Glance: ByteDance Would Consider Closing TikTok in US Over Sale, Sources Claim
- ByteDance would prefer to cease TikTok operations rather than engage in a sale if all legal avenues are exhausted to combat potential legislation banning the platform in US app stores, as per four sources.
- Despite TikTok's massive popularity with over a billion users, it remains unprofitable, contributing a small fraction to ByteDance's overall revenues and daily active user base.
- ByteDance stated on Thursday in a release on Toutiao, a media platform it possesses, that there are no intentions to sell TikTok, in response to claims from The Information about ByteDance exploring sale scenarios for TikTok's US operations excluding the recommending algorithm for user videos.
- As of December, ByteDance's valuation stood at $268 billion when it proposed a buyback of approximately $5 billion in shares from investors.
Nuclear power: Internal papers put Robert Habeck in need of explanation: According to a media report, specialists from the German Ministry of Energy are said to ...
nzz.ch/international/so-hat-robert-habeck-beim-atomausstieg-getrickst-ld.1827925
The Germany ticket can still be expanded: The 49-euro adventure began in public transport a year ago. So far the number of users has been manageable and there is ...
faz.net/aktuell/wirtschaft/das-deutschlandticket-ist-noch-ausbaufaehig-19678628.html
Rampup costs weigh on Q1 but Airbus hikes A350 output goal: Airbus posted weaker-than-expected first-quarter operating profit and cashflow as it hires more staff ...
reuters.com/business/aerospace-defense/airbus-misses-operating-profit-raises-a350-output-goal-2024-04-25/
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