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☆ Inside Lilium, the German company trying to revolutionize air travel
▼ + stars: | 2024-04-12 | by ( Arjun Kharpal | Cristy Garratt | ) www.cnbc.com time to read: +2 min

German aerospace company Lilium wants to revolutionize air travel with its electric vertical take-off and landing (eVTOL) jet. "Revolutionize means make it absolutely zero emission," Lilium CEO Klaus Roewe told CNBC Tech in an interview. "We want to make a regional plane that has a decent transport capacity to have a meaningful effect on CO2 emission reduction." Less than a decade after being founded by four university students, the group is now one of Europe's leading eVTOL companies. Lilium, which is backed by the likes of China's Tencent and Earlybird Venture Capital, has started taking orders from the premium market.

Persons: Klaus Roewe, Lilium, Roewe, China's, Daniel Wiegand, Lilium's, Wiegand Organizations: CNBC Tech, Earlybird Venture, eVTOL Aircraft Locations: Weßling, Bavaria

☆ Russia’s invasion of Ukraine sparked a defense boom. It’s likely to outlast the war
▼ + stars: | 2024-02-24 | by ( Anna Cooban | ) edition.cnn.com time to read: +6 min

“While some Ukraine-related orders are starting to come through, restocking and the impact of ongoing defense spending increases will be evident further down the line,” he noted. ‘Era of insecurity’Continued US military support for Ukraine on the scale of the past two years is looking increasingly unlikely. But the pressure on Western governments to beef up their military coffers will outlast the Ukraine war, analysts say, and it started to rise even before Moscow sent its troops marching toward Kyiv two years ago. The febrile global environment has helped lift the shares of Renk, a newly-listed German maker of military tank gearboxes, including those donated by Berlin to Ukraine. And this appeal is unlikely to fade soon, given growing defense spending by governments.

Persons: Lockheed Martin, That’s, Jens Stoltenberg, ” Trevor Taylor, Russia wouldn’t, Micael Johansson, Johansson, “, Charles Woodburn, ”, House Republicans —, Donald Trump, Moscow, Oli Scarff, Trump, Joe Biden, Houthi, It’s, Susanne Wiegand, Myles Walton, Sweden’s, … Organizations: London CNN, Russia, Kyiv, BAE Systems, Thales, Rheinmetall, Lockheed, Northrop Grumman, Atlantic Treaty Organization, NATO, Royal United Services Institute, CNN, Saab, Ukraine, House Republicans, Republican, Kiel Institute, European Union, Getty, International Institute, Strategic, Renk, Reuters, New, Wolfe Research, Sweden’s Saab Locations: Ukraine, Moscow, United States, Canada, Russia, London, Europe, Swedish, Poland, Kyiv, Congress, German, European, Newcastle, Tyne, England, AFP, Beijing, Taiwan, China, Israel, Red, Berlin, Frankfurt, Gaza, New York

☆ Renk makes debut on Frankfurt exchange
▼ + stars: | 2024-02-07 | by ( ) www.cnbc.com time to read: 1 min

Susanne Wiegand, the CEO of Renk, speaks to CNBC's Annette Weisbach as the company goes public in Frankfurt Wednesday.

Persons: Susanne Wiegand, CNBC's Annette Weisbach Organizations: Renk Locations: Frankfurt

☆ Trump’s avalanche of dishonesty: Fact-checking 102 of his false claims from this fall
▼ + stars: | 2023-12-01 | by ( Daniel Dale | ) edition.cnn.com time to read: +111 min

Below is a fact check of 102 of Trump’s false claims from the 12 speeches. But contrary to Trump’s claim, it’s not true that people had been attempting for decades to create such an initiative. Trump’s aid to farmersIn speech after speech, Trump claimed that he had given US farmers $28 billion from China. Even if the poll result is off, it’s clear that Trump’s claim that “nobody wants them” is not true. He said he was an airline pilot.”Facts First: Trump made a false claim while mocking Biden for making false claims.

Persons: Donald Trump, –, Trump, Joe Biden, Biden, Ron DeSantis, Nikki Haley, “, ”, Mexico’s, ‘ Trump, Defense Department –, ” Theresa Cardinal Brown, CNN’s Priscilla Alvarez, ” Trump, I’ve, Todd Harrison, Harrison, It’s, Trump’s, ” Ben Cahill, Nobody, Jimmy Carter’s, Barack Obama, isn’t, El Salvador –, Obama, we’d, Obama’s, Webster, Covid, Wuhan ”, They’d, they’d, you’d, Scott Gottlieb, ” Gottlieb, Trump Trump, it’s, Abraham, Aaron David Miller, Miller, Dana El Kurd, Qasem Soleimani, they’ve, we’re, We’re, ’, Iran haven’t, ” Matt Smith, Biden’s, Smith, Ali Vaez, Kpler, Biden Trump, Iran “, Democrats ”, that’s, Jimmy Carter, Carter “, Carter, ‘, Hillary Clinton, Kari Lake, Bill Gates, Gates, ” Chris Wallace, Chris Wallace, Hunter Biden, “ Chris Wallace, ‘ He’s, ‘ ” Trump, Wallace, “ you’re, “ Biden, ‘ You’re, Wallace interjected, Rather, you’ve, ’ ” Pavel Molchanov, Raymond James &, ” Molchanov, Tim Woody, Woody, autoworkers, CNN’s Ella Nilsen, Joe Biden’s, Erin Mellon, Gavin Newsom, Mellon, ” Vonette Fontaine, Biden “, CNN’s Matt Egan, Egan, ” Biden, Europe Trump, United Kingdom “, Brent, Pavel Molchanov, Raymond James, Patrick De Haan, GasBuddy, De Haan, Matt Smith, Matt Egan, Afghanistan Trump, we’ve, Krista Wiegand, Wiegand, ” Netanyahu, Benjamin Netanyahu, Israel, Qasem, Bibi, Netanyahu, Soleimani, Asad, Mark Milley, Hezbollah Trump, Steven Cheung, John Kirby, Cheung, Kirby, Iran’s, ” Ali Vaez, Joseph Amon, Washington –, Faiq Zidan, Zidan’s, Zidan, Abu Mahdi al, China Trump, Ukraine Trump, Letitia James, James, Attorney Alvin Bragg, Matthew Colangelo, You’re, Bragg, Colangelo, Tanya Chutkan, I’m, Jack Smith, Bill Clinton, That’s, everybody’s, Letitia James –, Al Capone’s, Al Capone, Capone, Brad Schwartz, CNN couldn’t, Schwartz, Eliot Ness, MAGA, “ MAGA, …, White, CNN’s Fareed Zakaria, Inflation Trump, Bacon, Joe, PolitiFact, Trump . Howard Gleckman Organizations: Washington CNN —, CNN, Republican, Trump Trump, Republican Jewish Coalition, Department, ISIS, Trump’s, Democratic, Congress, Defense Department, former Defense Department, Center, US Customs, Trump, American Enterprise Institute, Air Force, Army, Navy, Marine Corps, Strategic Petroleum Reserve, Energy Security, Center for Strategic, International Studies, US, IHS, Islamic, The State Department, Customs Enforcement, Policy Institute, ICE, El Salvador, ”, Merriam, The New York Times, Food and Drug Administration, FDA, Abraham Accords, United Arab Emirates, West Bank, Hezbollah, State Department, Carnegie Endowment, International, Arab Center Washington DC, Islamic Revolutionary Guards Corps Quds Force, Obama, US International Trade Commission, Washington Post, U.S . International Trade Commission, New England lobstermen, England lobstermen, Americas, Crisis, government’s Energy, Administration, Washington Free Beacon, Energy Information Administration, Democrats, Biden, Electoral, Georgia, Michigan, Carter, Democrats can’t, Republicans, Alabama, Arizona, Fox News, ” Energy, Oceanic, Atmospheric Administration, NOAA, Wildlife, Alaska Industrial Development, Export Authority, Raymond James & Associates, Wilderness Society, Cox Automotive, Pew Research Center, New York Times, National Oceanic, California Gov, California, American Petroleum Institute, Union, West, Energy, American Automobile Association, AAA, GasBuddy, New Hampshire, Houston, Keystone XL, Obama administration’s State Department, –, Foreign, Military, DoD, Afghan, Defense, Policy, Taiwan News, “, University of Tennessee’s Center for National Security, Foreign Affairs, Israeli, NBC, Jerusalem Post, Yahoo, Pentagon, ” CNN, Joint Chiefs, Staff, Post, National Security, Group, US government’s Defense Intelligence Agency, Narcotics Bureau, Global Health, Drexel University Dornsife School of Public Health, Justice Department, Washington, Judicial, Popular Mobilization Forces, Customs and, Middle East, Customs, Protection, CBP, Border Protection, Kiel Institute, European Union, New York, New, ExxonMobil, Trump University, Trump Foundation, Manhattan, Attorney, federal Justice Department, Department of Justice, Washington DC, Presidential Records, Presidential, Mar, Biden White, MAGA Republicans, Inflation, Heritage Foundation, Trump ., Brookings Tax, Urban Institute Locations: New Hampshire, New York City, Saudi, Florida, al Qaeda, New York, Texas, Iowa, Mexico, “, U.S, Houston, Iraq, Israel, Tel Aviv, Jerusalem, Nord, Germany, Russian, Trump’s, Russia, Ukraine, Europe, Guatemala, Honduras, El Salvador, El, Washington, ”, ” In Texas, Covid, China, Wuhan, Italy, France, Abraham, Bahrain, Morocco, Sudan, Gaza, Lebanon, Syria, Iran, Yemen, Libya, Palestine, Afghanistan, Somalia, Pakistan, New England, England, Kpler, Malaysia, Oregon, Alabama, Maricopa County, Arizona, Arizona’s, Moscow, Alaska, East, South Carolina, California, “ California, West Virginia, Virginia, United Kingdom, West Texas, “ U.S, Los Angeles, Venezuela, Mississippi , Louisiana, Canada, United States, Paris, Taiwan, “ China, Iranian, that’s, –, Singapore, Iraqi, San Diego, Kiel, York, Manhattan, York’s, Chicago, Philadelphia, Georgia, Qaeda

That was until this week, when the company decided to pull its listing in the final hours of Wednesday, blaming market conditions. In the coming weeks, a string of European companies are slated to come to market. Among them is CVC Capital Partners, which is still planning a November listing depending on market conditions, a person with knowledge of the matter told Reuters. However, the fate of Renk highlights the challenges facing new issuers, exacerbated by a recent bout of volatility in equity and debt markets. On Thursday it was trading around its opening IPO price at 30 euros, still above its issue price, a positive sign.

Persons: Andreas Bernstorff, Germany's DAX, Susanne Wiegand, Schott, Perfumery, Douglas, Emma, Victoria Farr, Pablo Mayo Cerqueiro, Alexander Huebner, Anousha Sakoui Organizations: Capital Partners, Reuters, Equity Capital Markets, BNP, Renk, Rheinmetall, Schott Pharma, DKV, CVC Capital Partners, Paris bourse, Thomson Locations: FRANKFURT, LONDON, Frankfurt, U.S, Europe, East, Africa, European, Germany, York, Lincoln

☆ German defense contractor postpones IPO on eve of debut
▼ + stars: | 2023-10-05 | by ( Jenni Reid | ) www.cnbc.com time to read: +2 min

German defense contractor Renk on late Wednesday announced it would indefinitely postpone its initial public offering on the Frankfurt Stock Exchange scheduled for the following morning. "In the past days, the market environment has clouded noticeably," the company said in a statement, providing no further details. Shares were set to be offered in a price range between 15 euros ($15.77) and 18 euros, with a total placement volume between 405 million and 486 million euros. It reported an increase in audited gross profit from 124.5 million euros to 164.8 million euros in the fiscal year ending on Dec. 31 2022. European bourses had a mixed first half of the year, with funds raised through listings on the Paris Stock Exchange plunging 92%, while the London Stock Exchange held steady.

Persons: Renk, Susanne Wiegand, bourses, Susannah Streeter, Hargreaves Lansdown Organizations: Frankfurt Stock Exchange, CNBC, Triton, Reuters, Paris Stock Exchange, London Stock Exchange, Schott Pharma, Hargreaves Locations: Augsburg, Germany, Ukraine, Frankfurt

☆ Injuries in Brazilian Jujitsu Prompt Introspection in Growing Martial Art
▼ + stars: | 2023-09-17 | by ( John Wiegand | ) www.nytimes.com time to read: +1 min

When Erik Milosevich attended his first Brazilian jujitsu class, he hoped it would spark a mutual interest to share with his teenage daughter. Brazilian jujitsu offers an enticing proposition: that a smaller, weaker person can defeat a larger, stronger opponent in a fight. The sport’s popularity has surged in recent years, spurred by its effectiveness in professional mixed martial arts and frequent promotion by the likes of Joe Rogan, the podcaster and Ultimate Fighting Championship analyst. Mark Zuckerberg, the Meta chief executive, started Brazilian jujitsu as a hobby during the coronavirus pandemic and recently competed in his first tournament. Brazilian jujitsu is often billed by those who practice it as accessible, effective for self-defense, technically challenging, physically rewarding and relatively safe compared with other combat sports.

Persons: Erik Milosevich, Jujitsu, Joe Rogan, Mark Zuckerberg, Elon Musk Organizations: Brazilian jujitsu, Fighting

☆ US court revives lawsuit against Royal Caribbean over toddler's death
▼ + stars: | 2023-07-11 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

(Reuters) - A federal appeals court on Tuesday revived a lawsuit against Royal Caribbean Cruises by the parents of an 18-month-old girl who died after slipping through her grandfather’s hands and falling through an open cruise ship window. Royal Caribbean and its lawyers did not immediately respond to requests for comment. Jacqueline Garcell, a lawyer for the parents, faulted Royal Caribbean for refusing to install devices that many large hotel chains also use to prevent falls. “We look forward to continuing our fight for justice for Chloe Wiegand and to make cruise ships safer,” she said. The case is Wiegand et al v Royal Caribbean Cruises Ltd, 11th U.S.

Persons: Keith Bedford, Chloe Wiegand, Salvatore Anello, Chloe, Alan Wiegand, Kimberly Schultz, Wiegand, Donald Graham, Jacqueline Garcell, Anello Organizations: Reuters, Royal Caribbean Cruises, Royal, REUTERS, Circuit, Royal Caribbean, District, Puerto Rico’s Department of Justice, Royal Caribbean Cruises Ltd Locations: Staten, Royal Caribbean, New York, U.S, Atlanta, San Juan , Puerto Rico, Indiana, Miami, Valparaiso , Indiana, 11th U.S

☆ German firm sees U.S. getting lion's share of 100 bln euro military fund
▼ + stars: | 2023-07-04 | by ( Alexander Hübner | ) www.reuters.com time to read: +2 min

Wiegand called on the government to use the 100 billion euro fund not only to plug short-term gaps in the German military's inventories but also to help develop technologies of the future. Renk, formerly a subsidiary of Volkswagen (VOWG_p.DE), is global leader in the production of gear boxes for tanks including the Leopard 2. The company, situated in the Bavarian town of Augsburg, makes about 70% of its sales from gear boxes for tanks and navy ships, the rest with gear boxes for civilian purposes such as compressors. Renk has booked orders totalling of 3.9 billion euros ($4.3 billion), including framework contracts, according to the CEO. Bankers estimate Renk's value to be around 2.5 billion euros in case of an IPO.

Persons: Berlin, Susanne Wiegand, embargoed, Wiegand, Triton, Renk, Alexander Hübner, Sabine Siebold, Rachel More, David Holmes Organizations: Renk, Volkswagen, VW, Bankers, Thomson Locations: MUNICH, U.S, Munich, Berlin, Germany, Bavarian, Augsburg

"The EU requested to the Chinese authorities their immediate and unconditional release," the spokesperson said. "China's ongoing crackdown on human rights activists and lawyers is a well-known EU concern, which we raise at all levels." Yu Wensheng, 55, is a human rights lawyer who last year completed a four-year prison sentence for "subversion of state power". He was among more than 300 rights lawyers and activists arrested in a 2015 crackdown. The EU delegation in Beijing said on Friday three other human rights lawyers, Wang Quanzhang, Wang Yu and Bao Longjun, had been placed under house arrest.

☆ Un primar din Germania a fost suspendat pentru că s-a vaccinat peste rând
▼ + stars: | 2021-04-09 | by ( ) www.jurnal.md time to read: +2 min

Sursa foto: ProfimediaUn primar din Germania a fost suspendat pentru că s-a vaccinat peste rândUn primar din Germania a fost suspendat pentru că s-a vaccinat peste rând. Este vorba despre Bernd Wiegand, primarul oraşului Halle, care s-a vaccinat împotriva COVID-19 în ianuarie, deşi nu se încadra într-o categorie prioritară de populaţie, transmite Digi24. Primarul se află acum în vacanţă şi nu a fost prezent la şedinţă. El a explicat ulterior că a fost vaccinat spre a se evita ca doze rămase să fie risipite. Wiegand poate să atace la tribunalul administrativ decizia de suspendare a sa, a cărei durată nu a fost precizată.

Persons: Bernd Wiegand, Wiegand, Angela Merkel Organizations: CDU Locations: Germania, Halle, Saxonia - Anhalt, şedinţă, Agerpres, CDU, CSU

☆ Un primar din Germania, suspendat după ce s-a vaccinat peste rând
▼ + stars: | 2021-04-08 | by ( Onixmedia Srl | ) diez.md time to read: +2 min

Un primar din Germania, suspendat după ce s-a vaccinat peste rândUn primar din Germania a fost suspendat pentru că s-a vaccinat peste rând. Primarul se află acum în vacanță și nu a fost prezent la ședință. El a explicat ulterior că a fost vaccinat spre a se evita ca doze rămase să fie risipite. Consilieri municipali au primit, la rândul lor, vaccinuri peste rând, iar ulterior au prezentat scuze. Wiegand poate să atace la tribunalul administrativ decizia de suspendare a sa, a cărei durată nu a fost precizată.

Persons: Bernd Wiegand, Wiegand, Angela Merkel Organizations: CDU Locations: Germania, Halle, Saxonia - Anhalt, Agerpres, CDU, CSU

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