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☆ Stellantis strikes deal with Infineon to secure silicon carbide chips
▼ + stars: | 2022-11-14 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Nov 14 (Reuters) - Global carmaker Stellantis (STLA.MI) has signed a non-binding memorandum of understanding (MoU) with German chipmaker Infineon (IFXGn.DE) for a multi-year supply of silicon carbide semiconductors, Infineon said in a statement on Monday. According to the agreement, Infineon will reserve production capacity and supply the power semiconductors directly to Stellantis suppliers in the second half of the 2020s. Well over 1 billion euros' ($1.03 billion) worth of chips could be involved, said Infineon, adding that the chips would be meant for electric vehicles under the Stellantis brands. Chip shortages over the past couple of years have forced global automakers to scrap production plans for millions of cars. ($1 = 0.9696 euros)Reporting by Christina Amann; Writing by Miranda Murray; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

☆ Prosiebensat.1 weighs deal to buy SKY TV operations in Germany - sources
▼ + stars: | 2022-11-09 | by ( Andreas Rinke | Christina Amann | ) www.reuters.com time to read: 1 min

BERLIN/MILAN, Nov 9 (Reuters) - German media group Prosiebensat.1 (PSMGn.DE) is exploring a potential deal to buy SKY pay-TV operations in Germany, two sources close to the matter said on Wednesday. Prosiebensat.1 declined to comment. Comcast (CMCSA.O), which bought Sky Deutschland as part of a buyout of pay-TV broadcaster Sky in 2018, did not immediately respond to request for comment. Reporting by Elvira Pollina in Milan, Klaus Lauer in Berlin, editing Federico MaccioniOur Standards: The Thomson Reuters Trust Principles.

☆ Two investors opposed to debt plan call for Orpea shareholder meeting
▼ + stars: | 2022-11-09 | by ( Andreas Rinke | Christina Amann | ) www.reuters.com time to read: +2 min

Nov 9 (Reuters) - Two shareholders that together own more than 5% of France's Orpea (ORP.PA) have called for a shareholder meeting at the beleaguered care homes group as they try to rally opposition to its planned debt restructuring plan. "An unprecedented shareholder ruin is now emerging", family-owned Mat Immo Beaune and investment group Nextstone said in a letter sent to Orpea on Tuesday and reviewed by Reuters. Orpea said in June an independent audit had found evidence of financial wrongdoing, and in October warned of asset impairments and said it had requested talks with creditors. French media outlet l'Agefi on Monday reported ESG-driven fund Mirova had sold its 4% stake in Orpea. Shares in Orpea, which have lost 90% of their value this year, were down 2% at around 1100 GMT.

☆ Russia to give central bank more time to complete Otkritie sale
▼ + stars: | 2022-11-09 | by ( Andreas Rinke | Christina Amann | ) www.reuters.com time to read: +1 min

MOSCOW, Nov 9 (Reuters) - Russia's government has submitted a draft law to parliament that would extend the central bank's right to sell bailed-out lender Otkritie to Russia's no. 2 bank VTB (VTBR.MM) without a tender for another year. The central bank and Otkritie did not immediately respond to a request to comment. The central bank bailed out Otkritie, once Russia's largest private lender, in 2017 as part of a years-long campaign to clean up Russia's banking sector. Following the bail-out and an asset review, the central bank had been looking to offload Otkritie, with Italy's UniCredit rumoured as a suitor for the bank.

☆ Germany to block Chinese takeover of semiconductor firm ERS Electronic - Handelsblatt
▼ + stars: | 2022-11-09 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Nov 9 (Reuters) - The German government will block a prospective Chinese takeover of the German semiconductor firm ERS Electronic due to security concerns, the Handelsblatt newspaper said on Wednesday, citing government sources. ERS Electronic declined comment. It was not immediately clear which Chinese company was interested in buying the small German firm, which is based in the southern state of Bavaria. But the German government will likely block the Chinese takeover of Elmos' (ELGG.DE) chip factory on security grounds. Reporting by Christina Amann; writing by Matthias Williams Editing by Madeline ChambersOur Standards: The Thomson Reuters Trust Principles.

LEIPZIG, Oct 21 (Reuters) - BMW (BMWG.DE) production chief Milan Nedeljkovic expects stabilising supply chains to lead to a clear improvement in profitability next year, he said in an interview at the carmaker's Leipzig plant in Germany. From a production perspective, Nedeljkovic said he did not expect margins to fall. Europe is falling behind the United States in its ambitions to become more independent in semiconductor supply, the production chief added, with both expressing the same intention but less tangible action from Europe. But with Europe's energy market and supply chain situation uncertain, Nedeljkovic was hesitant to pin down forecasts for next year's output. Register now for FREE unlimited access to Reuters.com RegisterReporting by Victoria Waldersee and Christina Amann Editing by Rachel More and Mark PotterOur Standards: The Thomson Reuters Trust Principles.

☆ Daimler Truck begins producing Mercedes-Benz branded trucks in China
▼ + stars: | 2022-09-23 | by ( ) www.reuters.com time to read: +1 min

Visitors surround an Actros truck of German truck maker Mercedes-Benz at the IAA truck trade fair in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer/File PhotoBERLIN, Sept 23 (Reuters) - Daimler Truck (DTGGe.DE) has begun producing Mercedes-Benz branded trucks in China, with the first vehicles rolling off production lines at its joint plant with China's Foton Motor Co (600166.SS) in Beijing on Friday, the truck and bus maker said. China is the world's biggest market for heavy trucks, with around 1.5 million units sold in 2021 - more than in the U.S., Japan and Europe combined, according to data from German car association VDA. Daimler Truck has so far only produced the joint venture's brand, Auman, in China, while selling Mercedes-Benz trucks imported from Germany at a higher price. A document seen by Reuters in 2020 on plans for the revamp of the joint plant to begin heavy truck production said the target was to produce 50,000 Actros trucks a year.

☆ Daimler Truck CEO says output could have been higher by 'five-digit figure' without supply chain problems
▼ + stars: | 2022-09-19 | by ( ) www.reuters.com time to read: +2 min

Martin Daum, head of Daimler Trucks and Buses gestures during the annual results news conference in Stuttgart, Germany, February 11, 2020. REUTERS/Andreas GebertHANNOVER, Germany, Sept 19 (Reuters) - Daimler Truck's (DTGGe.DE) deliveries could have been higher by a "five-digit figure" in 2021 and 2022 if it had not faced supply chain problems, its chief executive Martin Daum told Reuters. Register now for FREE unlimited access to Reuters.com RegisterThe company sold 120,961 units in the second quarter of 2022, up 4% from the same period last year. Daum said Europe, and Germany in particular, was lagging on building battery production, with most still coming from Asia. This could hold back the country's ambitions to build batteries, a highly energy-intensive process, Daum said.

☆ International desserts: 50 famous desserts around the world
▼ + stars: | 2018-11-30 | by ( Jen Rose Smith | ) edition.cnn.com time to read: +41 min

Taste that rich filling for evidence of the Arab influence that infuses Sicilian cuisine: The candied citrus that often flavors the creamy interior remains beloved throughout the Middle East. In the 1990s, the cake became a menu star as a lava cake or molten chocolate cake. A soft, flaky dough is shaped into a plump half-moon that barely contains the sweet filling, then topped with a light blanket of powdered sugar. Variations on medovik differ widely, but the most popular takes incorporate one of two very Russian ingredients into the sweet filling. Sesame Balls, Jian Dui, ChinaShutterstockBite into the crisp shell of a deep-fried jian dui to discover a sweet filling within the golden, sesame-seed-studded exterior.

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