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Electrolux books $85 mln tariffs case related charge in Q4
  + stars: | 2022-01-27 | by ( )   time to read: 1 min
The Electrolux logo is seen during the IFA Electronics show in Berlin, Germany September 4, 2014. REUTERS/Hannibal Hanschke/File PhotoSTOCKHOLM, Jan 27 (Reuters) - Electrolux will charge $85 million to earnings in the fourth quarter after an appeals panel upheld a U.S. Department of Commerce decision regarding tariffs on washing machines imported into the U.S. from Mexico in 2016 and 2017. Europe's biggest appliances maker said late on Wednesday the expense would affect the operating profit of business area North America, reducing its income for the period by $63 million. The Swedish group is scheduled to publish its full-year earnings report on Friday. Register now for FREE unlimited access to RegisterReporting by Anna Ringstrom, editing by Helena SoderpalmOur Standards: The Thomson Reuters Trust Principles.
Persons: Hannibal Hanschke, Jan, Anna Ringstrom, Helena Soderpalm Organizations: IFA Electronics, REUTERS, U.S . Department of Commerce, Thomson Locations: Berlin, Germany, STOCKHOLM, Mexico, North America, Swedish
CEO of DWS group Asoka Woehrmann arrives on the red carpet for the Axel Springer award, in Berlin, Germany, December 1, 2020. REUTERS/Hannibal Hanschke/PoolOther members of the firm’s supervisory board - including chairman Karl von Rohr, who is on the management board of Deutsche Bank - have also received written threats, according to a DWS spokesperson. The anonymous letter received in December was a single page with a large red crosshairs in the centre. The DWS spokesperson said that after Woehrmann received the letter in December, police and firefighters wearing protective suits went to DWS headquarters in Frankfurt to investigate, and the white substance turned out to be baking powder. Woehrmann received an initial letter in November.
Persons: Asoka Woehrmann, DWS, Axel Springer, Hannibal Hanschke, Karl von Rohr, Woehrmann, , WirtschaftsWoche Organizations: Deutsche, REUTERS, Deutsche Bank, Reuters, U.S . Securities, Exchange Commission Locations: FRANKFURT, Berlin, Germany, Frankfurt, German, Sri Lanka, Frankfurt’s
German Economy and Climate Protection Minister Robert Habeck attends a session of the lower house of parliament Bundestag in Berlin, Germany, January 13, 2022. REUTERS/Hannibal Hanschke/File PhotoBERLIN, Jan 21 (Reuters) - German Economics Minister Robert Habeck wants to engage Russia economically by cooperating on renewable energy supplies to help de-escalate tensions over Ukraine, he told Der Spiegel magazine in an interview published on Friday. "We should also think about new business areas that can help lead both sides out of this confrontational position," Habeck, who is also vice-chancellor, told the magazine. Germany is ready to defend fundamental values in the stand-off, even if this means paying a high economic price, Baerbock said in Moscow a day earlier. Register now for FREE unlimited access to RegisterReporting by Kirsti Knolle Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Robert Habeck, Hannibal Hanschke, Jan, Der, Habeck, Annalena Baerbock, Baerbock, Kirsti, Mark Potter Organizations: Climate, REUTERS, Der Spiegel, Register German, Swift, Greens, Thomson Locations: Berlin, Germany, Russia, Ukraine, Switzerland, Moscow
Tibet activists urge Allianz to drop Beijing Games sponsorship
  + stars: | 2022-01-21 | by ( )   time to read: +2 min
Demonstrators hold signs during a protest of Tibetans against the Beijing Winter Olympics, at the Allianz building in Berlin, Germany, January 21, 2022. REUTERS/Hannibal HanschkeBERLIN, Jan 21 (Reuters) - Tibetan activists on Friday demanded that Allianz drop its sponsorship of the Beijing Winter Olympics over allegations of human rights abuses against China and over its treatment of minorities. Members of groups including Students for a Free Tibet and Tibet Initiative Germany staged a sit-in in front of the insurer's Berlin offices, holding a placard that read: "Allianz, drop the genocide games". Register now for FREE unlimited access to RegisterTwo other activists chained themselves to the door of the Allianz building. read moreThe United States, Britain, Japan and Australia have announced diplomatic boycotts of the Games over human rights concerns.
Persons: Hannibal Hanschke BERLIN, Jan, Tenzin Zoechbauer, Chancellor Olaf Scholz, Riham Alkousaa, Martin Schlicht, Max Schwarz, Miranda Murray, John Stonestreet Organizations: Beijing, Allianz, REUTERS, Beijing Winter, Tibet Initiative, Olympic, Paralympic, Reuters, China, Games, European Union, Thomson Locations: Berlin, Germany, Hannibal, China, Tibet, Tibet Initiative Germany, Xinjiang, United States, Britain, Japan, Australia
LONDON — Gaspard Ulliel, a star of French cinema best known outside his native country for portraying the young Hannibal Lecter in “Hannibal Rising” and the fashion designer Yves Saint Laurent in “Saint Laurent,” died on Wednesday, the day after a skiing accident in France. Mr. Ulliel’s family confirmed his death in a statement to Agence France-Presse, the French news service. Roselyne Bachelot, France’s culture minister, was among the many French political and cultural figures to pay tribute to him. “His sensitivity and the intensity of his acting made Gaspard Ulliel an exceptional actor,” Ms. Bachelot said on Twitter. “Cinema today loses an immense talent.”His death, from a head injury according to the French press, comes just weeks before Mr. Ulliel is set to appear in Marvel’s “Moon Knight” series for Disney+, scheduled to debut March 30.
Persons: Gaspard Ulliel, Hannibal Lecter, , Yves Saint Laurent, “ Saint Laurent, Ulliel’s, Roselyne, ” Ms, Bachelot, Ulliel Organizations: Agence France, Presse, Twitter, Disney Locations: “ Saint, France
(CNN) French actor Gaspard Ulliel, best known for playing Hannibal Lecter in "Hannibal Rising," has died at the age of 37 after a skiing accident in southeastern France. "Gaspard Ulliel grew up with cinema and cinema grew up with him. Ulliel pictured as a young Hannibal Lecter in "Hannibal Rising." Ulliel died on Wednesday in a hospital in the city of Grenoble in southeastern France following a ski accident on Tuesday, according to CNN affiliate BFMTV. Ulliel gained acclaim for his portrayal of French fashion designer Yves Saint Laurent in the 2014 biopic, "Saint Laurent."
Persons: Gaspard Ulliel, Hannibal Lecter, Jean Castex, Ulliel, Yves Saint Laurent, Saint Laurent, Xavier Dolan Organizations: CNN, BFMTV Locations: French, France, Grenoble
Daimler Truck sees 20% sales growth in 2021
  + stars: | 2022-01-18 | by ( )   time to read: +1 min
The Daimler logo is seen before the Daimler annual shareholder meeting in Berlin, Germany, April 5, 2018. REUTERS/Hannibal HanschkeJan 18 (Reuters) - Newly spun-off commercial vehicle maker Daimler Truck (DTGGe.DE) sold 455,000 units in 2021, the company reported on Tuesday, a fifth more than last year but still 13% below pre-pandemic levels. Trucks Asia fared best with 30% growth, while the Buses segment did not grow at all, with sales flat at 19,000. Daimler Truck, which spun off from Daimler (DAIGn.DE) last December and is now the world's largest truckmaker by revenue, is due to report its full annual results on March 24. Register now for FREE unlimited access to RegisterReporting by Victoria Waldersee, Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.
Persons: Hannibal Hanschke Jan, Victoria Waldersee, Miranda Murray Organizations: Daimler, REUTERS, Thomson Locations: Berlin, Germany, United States, Europe
Germany to help companies shoulder higher power costs
  + stars: | 2022-01-18 | by ( )   time to read: +1 min
New leader of the German Green party, Robert Habeck, attends a news conference at the party headquarters in Berlin, Germany, January 29, 2018. REUTERS/Hannibal HanschkeFRANKFURT, Jan 18 (Reuters) - Germany will support companies struggling to cope with higher energy costs that threaten to hurt industries with large power consumption, Economy and Climate Minister Robert Habeck told an industry conference on Tuesday. This, he said, would include payments to offset higher costs to avoid carbon emissions, Habeck said, adding building decarbonised supply chains was the only chance for Germany to keep key industries alive. "There will be a tipping point at some stage because CO2 prices will rise and certificate trading will go up. Register now for FREE unlimited access to RegisterReporting by Christoph Steitz and Vera Eckert Editing by Madeline ChambersOur Standards: The Thomson Reuters Trust Principles.
Persons: Robert Habeck, Hannibal Hanschke FRANKFURT, Jan, Habeck, Christoph Steitz, Vera Eckert, Madeline Chambers Organizations: German Green, REUTERS, Climate, Thomson Locations: German, Berlin, Germany, Hannibal
Summary Scholz meets NATO chief to discuss next stepson RussiaNATO chief has invited allies, Russia to more meetingsScholz signals Germany could axe pipelineBERLIN/MOSCOW, Jan 18 (Reuters) - Germany may consider halting the Nord Stream 2 pipeline if Russia attacks Ukraine, Chancellor Olaf Scholz signalled on Tuesday, as pressure grew on his government to take a more hawkish stance on the Kremlin. Scholz has previously said Germany is open to sanctions in the event of a Russian attack on Ukraine, with everything on the table - which would include the Nord Stream 2 pipeline from Russia to Germany which is intended to bring more Russian gas to Western Europe. Opponents of Nord Stream 2, including Ukraine and the United States, say it will make Europe too dependent on Russia for energy supplies. 1/5 German Chancellor Olaf Scholz speaks during a news conference alongside NATO Secretary General Jens Stoltenberg after their talks at the Chancellery in Berlin, Germany, January 18, 2022. The EU's foreign policy chief, Josep Borrell, said last week that approval was tied to any potential conflict with Russia over Ukraine.
Persons: Scholz, Jan, Chancellor Olaf Scholz, Jens Stoltenberg, Olaf Scholz, Hannibal Hanschke, Josep Borrell, Stoltenberg, Annalena Baerbock, Sergei Lavrov, Lavrov, Alexander Ratz, Vladimir Soldatkin, Zuzanna Szymanska, Sabine Siebold, Sarah Marsh, Miranda Murray, William Maclean, Timothy Organizations: NATO, Russia NATO, Social Democrats, REUTERS, European Union, Russia, Russian, Timothy Heritage, Thomson Locations: Russia, BERLIN, MOSCOW, Germany, Ukraine, Berlin, Ukraine's, Western Europe, Nord, United States, Europe, RUSSIA, Moscow
As fears of conflict rose, Britain said this week it had begun supplying Ukraine with anti-tank weapons, Canada's foreign minister visited Ukraine and German Foreign Minister Annalena Baerbock held talks in Moscow and Kyiv to try to ease tensions. Scholz has previously said Germany is open to sanctions in the event of a Russian attack and that everything would be on the table. Russian Foreign Minister Sergei Lavrov said after meeting Baerbock on Tuesday that the pipeline would increase European energy security when it is open, and that "attempts to politicise this project" would be counter-productive. read moreU.S. President Joe Biden has ruled out sending U.S. troops to Ukraine to fight Russian soldiers. Visiting Ukraine on Wednesday, Canadian Foreign Minister Melanie Joly said Ottawa would take a decision at the appropriate time on supplying military hardware to Ukraine.
Persons: Olaf Scholz, Jens Stoltenberg, Hannibal Hanschke, Jan, Antony Blinken, Annalena Baerbock, Baerbock, Scholz, Sergei Lavrov, Stoltenberg, Joe Biden, Blinken, Volodymyr Zelenskiy, Dmytro Kuleba, Vladimir, Putin, Lavrov, Melanie Joly, Alexander Ratz, Vladimir Soldatkin, Andrey Ostroukh, Alexander Marrow, Zuzanna Szymanska, Sabine Siebold, Susan Heavey, Sarah Marsh, Timothy Organizations: REUTERS, Kyiv, Wednesday, Belarus BERLIN, Russia, German, NATO, Russian, U.S ., Berlin, Ukraine, U.S . State Department, State Department, Canadian, Timothy Heritage, Thomson Locations: Berlin, Germany, Russia Russia, Ukraine's, Russia, Belarus, WASHINGTON, Moscow, Ukraine, Western, Britain, Kyiv, Nord, West, Russian, RUSSIA, Soviet, United States, U.S, Ottawa, Washington
Avatar robot goes to school for ill German boy
  + stars: | 2022-01-14 | by ( )   time to read: +2 min
A seven-year-old schoolboy Joshua attends his school lesson via a robot avatar, placed in his classroom, in Berlin, Germany January 13, 2022. REUTERS/Hannibal HanschkeBERLIN, Jan 14 (Reuters) - Joshua Martinangeli, 7, is too ill to go to school. But the German student can still interact with his teacher and classmates through an avatar robot that sits in class in his place and sends a blinking signal when he has something to say. Register now for FREE unlimited access to RegisterThe project is a private initiative paid for by the local council in the Berlin district Marzahn-Hellersdorf. Then, the avatar can give that child a chance to remain part of the school community," Kuehne said.
Persons: Joshua, Hannibal Hanschke BERLIN, Jan, Joshua Martinangeli, Joshi, Winterberg, Simone Martinangeli, Torsten Kuehne, Kuehne, Noah Kuessner, Beritan, Gabi Sajonz, Grimm, Oliver Barth, Fanny Brodersen, Zuzanna Szymanska, Miranda Murray, Raissa Organizations: REUTERS, Reuters, Thomson Locations: Berlin, Germany, Hannibal, Marzahn
Germany's Scholz urges compulsory COVID-19 jabs for all adults
  + stars: | 2022-01-12 | by ( )   time to read: +1 min
German Chancellor Olaf Scholz speaks during his first questioning session with lawmakers at the lower house of parliament Bundestag in Berlin, Germany, January 12, 2022. REUTERS/Hannibal HanschkeBERLIN, Jan 12 (Reuters) - Germany should make COVID-19 vaccinations mandatory for all adults, Chancellor Olaf Scholz told parliament on Wednesday. The leader of Scholz's Social Democrats (SPD) in the legislature had said on Tuesday that he expected a bill on making COVID-19 vaccination mandatory to be voted on by parliament in March. Lawmakers from the far-right Alternative for Germany (AfD) heckled Scholz on Wednesday over his government's plans, saying they say were splitting German society, and held up signs reading "freedom instead of division." Register now for FREE unlimited access to RegisterReporting by Joseph Nasr and Zuzanna Szymanska Writing by Sarah Marsh Editing by Miranda Murray and Jon BoyleOur Standards: The Thomson Reuters Trust Principles.
Persons: Olaf Scholz, Hannibal Hanschke BERLIN, Jan, Chancellor Olaf Scholz, Scholz, Joseph Nasr, Zuzanna, Sarah Marsh, Miranda Murray, Jon Boyle Organizations: REUTERS, Scholz's Social Democrats, Lawmakers, Thomson Locations: Berlin, Germany, Hannibal
Starlink satellites need satellite dishes on Earth to send internet signals. These dishes emit heat, which has started to attract cats. To send signals from its satellites around the world, Starlink needs to install satellite dishes. To send signals from its satellites around the world, Starlink needs to install satellite dishes. "Different species, same problem," wrote another Twitter user with an image of a bird on one of the Starlink satellite dishes.
Persons: they've, Hannibal Hanschke, Aaron Taylor, it's, Elon Organizations: Service, Privacy, Elon, Twitter, Elon Musk's
Pipes are pictured at a gas compressor station in Mallnow, Germany, November 1, 2021. REUTERS/Hannibal HanschkeLONDON, Jan 6 (Reuters) - Europe’s gas inventories swelled at the end of December and beginning of January thanks to a combination of mild weather and an influx of liquefied natural gas cargoes. An extended period of unusually warm weather over Christmas and New Year has cut heating demand for both gas and gas-fired electricity, cutting the drawdown of inventories. If there is a sustained spell of cold weather later in January or February, prices and spreads are likely to spike higher. But the combination of mild weather, LNG arrivals and depressed consumption over the Christmas-New Year period has reduced some of the previous extreme pressure on gas stocks and prices.
Persons: Hannibal Hanschke LONDON, John Kemp, Emelia Sithole Organizations: REUTERS, European Union, Thomson Locations: Mallnow, Germany, Hannibal, Northwest Europe, Britain
Daimler expects chips to remain scarce in 2022
  + stars: | 2022-01-03 | by ( )   time to read: +1 min
The Daimler logo is seen in Berlin, Germany, April 5, 2018. REUTERS/Hannibal HanschkeBERLIN, Jan 3 (Reuters) - Daimler (DAIGn.DE) Chief Technology Officer Markus Schaefer said the luxury carmaker expects chip supply to remain scarce throughout 2022, particularly in the first half of the year. "Chip scarcity will also accompany us in 2022, particularly in the first half," Schaefer said to a journalists roundtable. "We do not expect significant production capacity increases in the first half of the year ... these will barely come in the full year," he said. Register now for FREE unlimited access to RegisterReporting by Victoria Waldersee, Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.
Persons: Hannibal Hanschke BERLIN, Jan, Markus Schaefer, " Schaefer, Victoria Waldersee, Miranda Murray Organizations: Daimler, REUTERS, Benz, Thomson Locations: Berlin, Germany, Hannibal
Beijing's protest to the UN about two near-misses have focused attention to growing concerns about overcrowding in low earth orbit. Concerns have been growing about overcrowding in the lower earth orbit as scientists warn the risk of collisions is increasing. SpaceX also has said Starlink satellites are equipped with autonomous orbit changing features to avoid collisions. In the worst-case scenarios, an error could cause a satellite to plunge into the path of the Chinese or International Space Station or even collide with them. An illustration of China's first space station, Tiangong-1, orbiting Earth.
Persons: Josef Aschbacher, Musk, We've, Elon Musk, Hannibal Hanschke, Aaron Boley, Michael Byers, China Manned Space Agency Wang Guoyu, Wang, Ben Zhao, Kristin Huang Organizations: UN, SpaceX, Service, Privacy, China, United Nations, Elon Musk's, Europe Space Agency, Financial, Telstar, Outer Space Institute of University of British, China Manned Space Agency, Institute of Space Law, Beijing Institute of Technology Locations: United States, Elon, Outer Space Institute of University of British Columbia, China, Starlink
A road sign directs traffic towards the Nord Stream 2 gas line landfall facility entrance in Lubmin, Germany, September 10, 2020. REUTERS/Hannibal HanschkeMOSCOW, Dec 30 (Reuters) - Russia's Gazprom plans to spend 22.8 billion roubles ($305 million) on financing the Nord Stream 2 gas pipeline in 2022, TASS news agency cited the gas giant as saying on Thursday. Russia has said the Nord Stream 2 undersea pipeline would help to calm a surge in European gas prices and that it was ready to start exports now a second stretch of the pipeline has been filled. read more($1 = 74.7825 roubles)Register now for FREE unlimited access to RegisterReporting by Gleb Stolyarov; Writing by Andrey Ostroukh; Editing by David ClarkeOur Standards: The Thomson Reuters Trust Principles.
Persons: Hannibal Hanschke MOSCOW, Gleb Stolyarov, Andrey Ostroukh, David Clarke Organizations: REUTERS, Gazprom, TASS, Thomson Locations: Lubmin, Germany, Russia
Tesla, authorities submit documents for German plant approval
  + stars: | 2021-12-22 | by ( )   time to read: 1 min
A view shows the construction site of the future Tesla Gigafactory in Gruenheide near Berlin, Germany, August 12, 2021. REUTERS/Hannibal HanschkeBERLIN, Dec 22 (Reuters) - Tesla (TSLA.O) and relevant authorities submitted all the documents necessary for the approval process for its planned battery factory near Berlin, the environment ministry of the German state of Brandenburg said on Wednesday. The approval process is still ongoing, the ministry said. Tesla could not be immediately reached for comment. Register now for FREE unlimited access to RegisterReporting by Zuzanna Szymanska, editing by Emma ThomassonOur Standards: The Thomson Reuters Trust Principles.
Persons: Tesla, Hannibal Hanschke BERLIN, Zuzanna Szymanska, Emma Thomasson Organizations: REUTERS, Thomson Locations: Gruenheide, Berlin, Germany, Hannibal, Brandenburg
Covering education fights, I've heard conservatives' complaints about lessons they think go too far. But two groups in Tennessee are now warning about lessons involving cannibalism. Cannibalism? It was surprising to Bryan MacKenzie, as well, a father of two elementary schoolers in Williamson County who called to help me solve this mystery. Not from her, nor from the Williamson County Schools Superintendent Jason Golden.
Persons: I've, Bryan MacKenzie, hadn't, MacKenzie, chuckling, who'd, George, Martin Luther King Jr, Ruby Bridges, Robin Steenman, Jason Golden, , Carol Birdsong, he's, I'm Organizations: Service, Tennessee, Liberty, Twitter, Lambs, Republican, Donner Party, Americans, Party Locations: Tennessee, Nashville , Tennessee, Williamson, Hannibal, Williamson County, Sierra Nevada, California
The two onshore pipe exits of the Baltic Sea pipeline Nord Stream 2 are pictured at the landfall facility in Lubmin, Germany, September 10, 2020. A senior Republican congressional aide said on Saturday he believed Cruz's bill would pass. Biden opposes Nord Stream 2, which is completed but awaiting approvals from Germany, because it would bypass Ukraine, depriving it of transit fees and potentially undermining its struggle against Russia. In May, the Biden administration placed sanctions on Nord Stream 2 AG, the company that controls the pipeline. In a setback for Nord Stream 2, Germany's energy regulator said on Thursday that no decision on whether to allow it to be commissioned is expected in the first half of 2022.
Persons: Hannibal Hanschke, Ted Cruz, Joe Biden's, Chuck Schumer, Cruz, Jan, Rahm Emanuel, Biden, Timothy Gardner, Leslie Adler Organizations: WASHINGTON, Republican U.S, Democrat, Chicago, Republican, Biden, Russia, State Department, Nord, Thomson Locations: Baltic, Lubmin, Germany, Russia's, Russia, Japan, Ukraine, Europe, Moscow
The two onshore pipe exits of the Baltic Sea pipeline Nord Stream 2 are pictured at the landfall facility in Lubmin, Germany, September 10, 2020. This creation has been initiated by Nord Stream 2, Homann said, adding that the BNetzA's review period would start again the moment Nord Stream AG delivered the required documents. Nord Stream AG alone is making that decision," he said. Nord Stream 2 said it had started setting up the subsidiary in order to comply with all rules and regulations. Elena Burmistrova, the head of Gazprom Export, told Reuters it was "difficult to answer" when asked when Nord Stream 2 would start selling gas.
Persons: Hannibal Hanschke, regulator's, Jochen Homann, BNetzA, Homann, Elena Burmistrova, Matthias Inverardi, Christoph Steitz, Oksana Kobzeva, Thomas Escritt, Elaine Hardcastle, Mark Potter Organizations: REUTERS, Gazprom, European Union, Nord, AG, Stream, Gazprom Export, Reuters, Thomson Locations: Baltic, Lubmin, Germany, Russia, FRANKFURT, Ukraine, Moscow, Nord, Duesseldorf, Frankfurt
After Daimler's truck division was spun off on Friday, BAIC's stake in Daimler Truck became public information, which also revealed the size of its Daimler stake. read moreIn the Daimler Truck spin off, Daimler shareholders received one Daimler Truck share for every two Daimler shares. "BAIC received shares in Daimler Truck Holding AG, in relation to their stake in Daimler AG as of Friday. BAIC informed us about the size of their current Daimler stake," a Daimler spokesperson said. Daimler said it holds a 9.55% stake in BAIC Motor and a 2.46% stake in BAIC BluePark.
Persons: Hannibal Hanschke, BAIC, carmaker, BAIC's, Ola Kaellenius, Daimler, Riham Alkousaa, Ilona Wissenbach, Brenda Goh, Paul Carrel, Jane Merriman Organizations: Daimler, REUTERS, BERLIN, Beijing Automotive Group Co, HK, Register, Mercedes, Benz, Beijing Benz Automotive, Zhejiang Geely, Daimler Truck, Daimler Truck Holding, Daimler AG, BAIC, BAIC Group, Daimler Group, Victoria, Thomson Locations: Berlin, Germany, China, Beijing, Zhejiang, BAIC
Volkswagen prepares battery division for capital markets - CEO
  + stars: | 2021-12-09 | by ( )   time to read: +1 min
Volkswagen Group CEO Herbert Diess arrives on the red carpet for the automobile awards "Das Goldene Lenkrad" (The golden steering wheel) given by a German newspaper in Berlin, Germany, November 12, 2019. REUTERS/Hannibal Hanschke/File PhotoFRANKFURT, Dec 9 (Reuters) - Volkswagen (VOWG_p.DE) is readying its battery unit for a partial sale or listing and has agreed to convert it into a so-called European company, or Societas Europaea, to provide the conditions for such a move, CEO Herbert Diess said. The CEO, who previously said that the unit could be independently listed, said that Volkswagen's battery division was expected to generate sales of 20 billion euros ($23 billion) by the end of the decade. Volkswagen's battery efforts, which are led by management board member Thomas Schmall, include building six large cell factories with partners across Europe by 2030. ($1 = 0.8843 euros)Register now for FREE unlimited access to RegisterReporting by Christoph Steitz, editing by Kirsti KnolleOur Standards: The Thomson Reuters Trust Principles.
Persons: Herbert Diess, Das, Hannibal Hanschke, Thomas Schmall, Christoph Steitz, Kirsti Organizations: Volkswagen, REUTERS, Thomson Locations: Berlin, Germany, Societas, Europe
It has previously denied the forced labour allegations. Saravanan told parliament on Tuesday that authorities will charge ATA following complaints received by the labour department. Malaysia, a key manufacturing hub, has faced scrutiny this year over claims migrant workers are being subjected to abusive working and living conditions. Saravanan on Tuesday did not say what complaints the labour department had received or specify the charges. He said last week Malaysia was investigating Dyson's decision to terminate the ATA contract.
Persons: Dyson, Hannibal Hanschke, Saravanan, Rozanna Latiff, Mei Mei Chu, Martin Petty Organizations: IFA Electronics, REUTERS, Employers, Malaysian, ATA IMS, Reuters, ATA, Human Resources, U.S . Customs, Protection, U.S . State Department, Malaysia, Thomson Locations: Berlin, Malaysia, KUALA LUMPUR, U.S, United States, China, North Korea
Stocks and oil rise as markets are whipped around by the Fed and the new variant. Stocks and oil rise as markets are whipped around by the Fed and the new variant. Pool photo by Sarah Silbiger Stocks rose on Wednesday, continuing their tumultuous ride since the discovery of the new Covid variant last week. In theory, that means Hickory’s furniture companies have a shot at building back some of the business that they lost to globalization. Local furniture companies had shed jobs and reinvented themselves in the wake of offshoring, shifting to custom upholstery and handcrafted wood furniture to survive.
Persons: Chris Cuomo, Jerome H, Powell, Sarah Silbiger Stocks, Steen Jakobsen, Brent, Hannibal Ware, Trump, . Ware, Isabella Casillas Guzman, Ware’s, , Harris, ” Han Nguyen, Read, Travis Dove, Hancock, Moore Organizations: CNN, Fed, Federal Reserve, Credit, Traders, Saxo Bank, Nikkei, West Texas Intermediate, of, Petroleum, Mr, Treasury, Small Business Administration, Biden, The New York Times, United States — Locations: U.S, South Africa, Europe, Japan, Russia, North Carolina, Hickory ., Hickory, N.C, China, Southeast Asia, United States
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