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CNN —Germany’s governing coalition has collapsed after disagreements over the country’s weak economy led Chancellor Olaf Scholz to sack his finance minister. The coalition has been at loggerheads over how to revive Germany’s economy. What problems is Germany’s economy facing? Germany’s economy, Europe’s largest, shrank last year for the first time since the onset of the Covid-19 pandemic. Party leader Alice Weidel has already hailed the coalition’s collapse as a “liberation” for Germany.

Persons: Chancellor Olaf Scholz, Christian Lindner’s, Scholz, Donald Trump, Europe’s, Angela Merkel, Gerhard Schröder, Merkel, Christian Lindner, Christoph Soeder, Friedrich Merz, Lindner, Liesa Johannssen, “ Lindner, ” Lindner, ”, Carsten Brzeski, “, Robert Habeck, Annegret Hilse, Merz, Alice Weidel, ” Weidel Organizations: CNN, Free Democrats Party, Scholz’s Social Democratic Party, SPD, Green Party, CDU, Trump, Social Democratic Party, Greens, ING, Volkswagen, CDU –, Christian Democratic Union, Party Locations: Germany, Germany’s, Nazi, Thuringia, France, Italy, Ukraine, China, ”

☆ Sausage-maker thinks he’s found the answer to Germany’s raccoon problem
▼ + stars: | 2024-10-31 | by ( Jack Guy | ) edition.cnn.com time to read: +3 min

After receiving the green light, Reiss started making his “raccoon balls,” meatballs made from raccoon meat, which he said turned out to be a hit at the fair and with customers at his shop, which is called Wildererhütte. Annegret Hilse/ReutersSoon Reiss was selling online, and he now makes a total of seven raccoon meat products, including salami. “We’re the only place in Europe selling raccoon meat,” Reiss told CNN. But if you didn’t know, you wouldn’t realize that anything is too different.”Reiss pictured making a salami containing raccoon meat. Annegret Hilse/ReutersWhile Reiss’ raccoon products have become a novelty attraction for visitors to Kade, they are also a response to a serious problem, he says.

Persons: Michael Reiss, Reiss, meatballs, Raccoon, Annegret Hilse, ” Reiss, I’ve, ”, Hilse Organizations: CNN, Green, Reuters, “, Conservation Union, Goethe, Research Society Locations: Germany, Kade, Berlin, Europe, Frankfurt, North America

☆ Euro 2024: Why Austria are the tournament’s biggest surprise
▼ + stars: | 2024-06-29 | by ( Samuel Joseph | Sam Joseph | ) edition.cnn.com time to read: +6 min

CNN —It is not uncommon to see certain teams emerge as dark horses or surprise packages at international tournaments, but few could have predicted that Austria would be the story of Euro 2024. But that’s the nice thing about football.”A unique styleGernot Trauner of Austria scores his team's first goal against Poland. Petr David Josek/APRangnick’s redemptionPerhaps the most compelling aspect of Austria’s Euro 2024 campaign has been the reminder of Rangnick’s abilities as a manager. He had various stints with German clubs such as Stuttgart, Hannover and Schalke but is best known for his work with Austrian side Red Bull Salzburg and German team RB Leipzig. Form soon picked up though and Das Team booked its ticket to Euro 2024 after losing only one game in the qualifying stages.

Persons: Robert Lewandowski, Kylian Mbappé, ” Marcel Sabitzer, UEFA.tv “, ”, Ralf Rangnick, Julian Finney, it’s, Rangnick, Jürgen Klopp, Julian Nagelsmann, Petr David Josek, Annegret Hilse, Red Bull, Ole Gunnar Solskjær, wouldn’t, “ Organizations: CNN, France, Das Team, Poland, Liverpool, Germany national, Austria, Hannover, Schalke, Austrian, Red Bull Salzburg, RB Leipzig, Red Bull GmbH, Leipzig, Salzburg, Austrian Bundesliga, Bundesliga, Champions League, Reuters, Red, Russian, Lokomotiv Moscow, Manchester United, Premier League, Nations League B Locations: Austria, Poland, Netherlands, France, England, Denmark, Slovenia, Serbia, Stuttgart, Leipzig, Turkey, unchartered

☆ Why Europe’s youth are flirting with the far-right
▼ + stars: | 2024-06-25 | by ( Christian Edwards | ) edition.cnn.com time to read: +11 min

In this month’s European Parliament elections, far-right parties performed predictably well – but especially, and unexpectedly, among young people. Far-right parties enjoyed a similar uptick in support in the Netherlands, Spain, Portugal, Austria, and continued to do well in Italy. Gonzalo Fuentes/ReutersBut young voters appear less concerned by these roots, says Simon Schnetzer, author of a recent survey of Germany’s youth. But the burst in support for far-right parties could spell a darker trend. This success of far-right parties should be a warning to Europe’s mainstream.

Persons: CNN — Pollsters, “, –, ”, Roberto Foa, ” Foa, “ I’m, Alice Weidel, Tino Chrupalla, Annegret Hilse, You’d, Le Pen, Donald Trump, Emmanuel Macron, Jordan Bardella, Arthur Prevot, Macron’s, Prevot, Macron, Jonathan Verbeken, Gonzalo Fuentes, Simon Schnetzer, “ Young, Lee Heinrichs, ” Heinrichs, Ursula von der Leyen, Maximilian Krah, ” Nigel Farage, Maja Smiejkowska, Nigel Farage –, Farage, Andrew Tate, emasculated, Tate –, Tate, shouldn’t, vociferously, Foa Organizations: CNN, Centre, Democracy, University of Cambridge, National, Confederation, Reuters, White House, German Green Party, Greens, Reform UK Locations: United States, United Kingdom, Brussels, Europe, Germany, Poland, Netherlands, Spain, Portugal, Austria, Italy, Berlin, Britain, Jordan, Paris, France, Paris ’, Marseille, Ukraine, Syria, Sylt, Deutschland, London, Romania

☆ Far right surges in European Parliament elections but center still holds
▼ + stars: | 2024-06-09 | by ( Christian Edwards | ) edition.cnn.com time to read: +4 min

CNN —Far-right parties are predicted to win a record number of seats in the European Parliament, a result that, if confirmed, would deliver a stinging rebuke to Brussels’ political mainstream and add uncertainty to Europe’s future direction. Most of the far-right gains were concentrated in countries that elect large numbers of seats: France, Italy and Germany. Alternative for Germany (AfD) party co-leaders Alice Weidel and Tino Chrupalla cheer the exit poll in Berlin, Germany, June 9, 2024. Annegret Hilse/ReutersWhile the far-right surge may further complicate Brussels’ bid for unity, the far-right parties themselves remain relatively divided. Several other far-right parties are among the non-aligned (NI) group, predicted to secure 45 seats.

Persons: Ursula von der Leyen, –, ”, Europe’s centrists, Le, Emmanuel Macron, Jordan Bardella, ” Macron, Brigitte Macron, Stephane Lemouton, Olaf Scholz, Scholz, shored, ” von der Leyen, Alice Weidel, Tino Chrupalla, Annegret Hilse, Maximilian Krah, Roberta Metsola Organizations: CNN, European People’s Party, EPP, Macron’s Renaissance Party, Socialists, Social Democrats, Christian Democrats Party, CDU, EU, Forces, Reuters, Nazi, SS, Brussels Locations: Brussels, France, Italy, Germany, France’s, Europe, Britain, Russia, Ukraine, Kyiv, Berlin

☆ Opinion: On Ukraine, Biden is taking Putin’s threats too seriously
▼ + stars: | 2024-05-30 | by ( Opinion Adam Kinzinger | Ben Hodges | ) edition.cnn.com time to read: +8 min

CNN —There seems to be a doctrine within the National Security Council in the Biden administration: escalation aversion. Ukraine requested Javelins and Stingers before the full-scale war began when Russia invaded Ukraine in February of 2022. After the battle of Kyiv was won, Ukraine requested MiG-29s, which Poland agreed to provide in exchange for Western fighters. Ukraine requested Abrams tanks and Bradley infantry fighting vehicles for trench warfare in the east. During the Cold War, nuclear threats were not uncommon, but the US didn’t keep them from advancing its foreign policy interests.

Persons: Adam Kinzinger, Kinzinger, Ben Hodges, Biden, Vladmir Putin, Putin, Let’s, Abrams, Olaf Scholz, Emmanuel Macron, Annegret Hilse, Donald Trump’s Organizations: CNN, Republican, House Foreign Affairs, Air National Guard, US Army Europe, US Army, National Security Council, Ukraine, MiG, Western, Patriot, HIMARS, Bradley, ATACMS, NATO, Kyiv, Twitter, Facebook Ukraine Locations: Illinois, Ukraine, France, Germany, Russian, Russia, Kyiv, Poland, West, Vietnam, Afghanistan

☆ China's Nio teams up with Geely on auto battery swapping
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +2 min

The deal makes Geely (GEELY.UL), whose brands range from Volvo to Zeekr, the second automaker to sign a battery swapping partnership with Chinese electric vehicle maker Nio. Battery swapping allows drivers to replace depleted packs quickly with fully charged packs, rather than plugging the vehicle into a charging point. They will look to establish an efficient battery asset management mechanism, build a unified battery swap operation and develop battery swappable vehicles compatible with each other's battery swap systems, the companies added. Battery swapping could ease the strain on power grids at peak times when drivers recharge, but industry analysts and executives expect it would only become feasible if batteries become more standardised. In 2021, Geely said it aimed to set up 5,000 battery swapping stations for EVs globally by 2025.

Persons: Annegret, Nio, Geely, Brenda Goh, Jacqueline Wong, Jamie Freed Organizations: REUTERS, Rights, HK, Zhejiang Geely Holding, Volvo, Changan Automobile, Nio, Beijing, Thomson Locations: Berlin, Germany, Rights BEIJING, Zhejiang, China

☆ German government unveils budget fixes as way out of crisis
▼ + stars: | 2023-11-27 | by ( Christian Kraemer | ) www.reuters.com time to read: +5 min

The government said the spillover effects from the energy crisis that hit in 2022 after Russia's invasion of Ukraine and caused rocketing prices had created an emergency situation that justified suspending the debt brake. The leader of Scholz's SPD urged the government to consider suspending the debt brake next year, a move rejected in particular by the fiscally hawkish Free Democrats (FDP). "The debt brake must remain." The debt brake, introduced after the global financial crisis of 2008-2009, was first suspended in 2020 to help the government support firms and health systems during the COVID-19 pandemic. On Monday he stressed the need to give companies, which have been worried by the uncertainty caused by the budget crisis, clarity as quickly as possible.

Persons: Olaf Scholz, Christian Lindner, Robert Habeck, Annegret, Olaf Scholz's, finalising, Scholz's, Christian Duerr, Bijan Djir, Christian Kraemer, Riham Alkousaa, Amir Orusov, Rachel More, Matthias Williams, Thomas Escritt, Alison Williams, Tomasz Janowski Organizations: Finance, Climate, REUTERS, Free Democrats, ZDF, Greens, Thomson Locations: Berlin, Germany, BERLIN, Ukraine, Sarai, East Germany

☆ German government to agree budget fixes as way out of crisis
▼ + stars: | 2023-11-27 | by ( Christian Kraemer | ) www.reuters.com time to read: +3 min

Chancellor Olaf Scholz speaks next to Finance Minister Christian Lindner and Economy and Climate Minister Robert Habeck during a hearing at Germany’s lower house of parliament Bundestag in Berlin, Germany, November 15, 2023. The budget would see Germany suspend its constitutionally enshrined debt brake for a fourth year in a row as Chancellor Olaf Scholz's government fights its way out of a crisis that has triggered warnings about growth and an industry exodus. "The debt brake must remain." The debt brake, introduced after the global financial crisis of 2008-09, was first suspended in 2020 to help the government support firms and health systems during the COVID-19 pandemic. On Monday he stressed the need to give companies, who have been worried by the uncertainty caused by the budget crisis, clarity as quickly as possible.

Persons: Olaf Scholz, Christian Lindner, Robert Habeck, Annegret, Olaf Scholz's, finalising, Christian Duerr, Bijan Djir, Christian Kraemer, Riham, Matthias Williams, Alison Williams Organizations: Finance, Climate, REUTERS, Rights, Free Democrats, ZDF, Greens, Thomson Locations: Berlin, Germany, Sarai, East Germany

A general view of pipelines on the gas storage facility at the gas trading company VNG AG in Bad Lauchstaedt, Germany July 28, 2022. REUTERS/Annegret Hilse Acquire Licensing RightsLONDON, Nov 21 (Reuters) - Europe’s gas inventories continued to accumulate much later than usual into the autumn as exceptionally mild weather delayed the onset of the winter heating season. It was the culmination of an unusually long refill season which has left the region’s storage sites brimming with gas and eliminated fears about supply security. In an average heating year, Frankfurt will experience a total of around 2,161 heating degree days between July 1 and June 30. Related columns:- Europe's record gas stocks start to pressure prices (November 7, 2023)- Europe’s gas stocks at record high going into winter 2023/24 (October 6, 2023)John Kemp is a Reuters market analyst.

Persons: Annegret, John Kemp, Marguerita Choy Organizations: VNG AG, REUTERS, European Union, Britain, Gas Infrastructure, Thomson, Reuters Locations: Bad Lauchstaedt, Germany, Chartbook, Europe, GIE, Ukraine, Northwest Europe, Frankfurt, EU, Russia, Asia

☆ Germany freezes new spending commitments as budget woes deepen
▼ + stars: | 2023-11-21 | by ( Holger Hansen | ) www.reuters.com time to read: +3 min

Chancellor Olaf Scholz speaks next to Finance Minister Christian Lindner and Economy and Climate Minister Robert Habeck during a hearing at Germany’s lower house of parliament Bundestag in Berlin, Germany, November 15, 2023. The finance ministry has frozen future spending pledges across almost the entire federal budget, a letter by the budget state secretary showed, in a sign of how seriously it was taking the potential fallout to its finances. "The step reflects the necessity of the situation," an economy ministry spokesperson said about the budget freeze. That could include planned chip factories, the expansion of the battery supply chain and the decarbonisation of steel, government sources said on Monday. ($1 = 0.9168 euros)Additional reporting by Andreas Rinke; writing by Matthias Williams and Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: Olaf Scholz, Christian Lindner, Robert Habeck, Annegret, Freeze, Olaf Scholz's, Kevin Kuehnert, that's, Kuehnert, Volker Wissing, Wissing, Andreas Rinke, Matthias Williams, Sharon Singleton Organizations: Finance, Climate, REUTERS, BERLIN, Free Democrats, Democrats, CDU, Scholz's Social Democrats, Greens, Digital, Thomson Locations: Berlin, Germany, Ukraine

☆ China's Nio, Changan Auto to jointly develop battery-swapping EVs
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of NIO seen on an EL6 car model is pictured at the NIO House, the showroom of the Chinese premium smart electric vehicle manufacture NIO Inc. in Berlin, Germany August 17, 2023. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsSHANGHAI, Nov 21 (Reuters) - Nio (9866.HK) said on Tuesday it would partner with Changan Automobile (000625.SZ) to develop battery-swapping electric vehicles, in an attempt by the loss-making Chinese EV maker to ease costs. The partnership will also see Nio and state-owned Changan on building and sharing battery-swapping stations and standardising batteries, Nio said in a statement to Reuters. Battery swapping allows drivers to replace depleted packs quickly with fully charged packs, rather than plugging the vehicle into a charging point. By Nov. 21, Nio had 2,113 battery swapping stations in China and nearly 1 million charging poles.

Persons: Annegret, Nio, Tesla, Zhang Yan, Brenda Goh, Christopher Cushing, Miral Organizations: REUTERS, Rights, HK, Changan Automobile, Reuters, China Passenger Car Association, Thomson Locations: Berlin, Germany, China, Beijing

☆ Colourful Euro 2024 ball to reflect energy of tournament, say organisers
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

[1/5] Soccer Football - Euro 2024 - Organisers Present the Official Match Ball - Maifeld, Berlin, Germany - November 15, 2023 General view of the Euro 2024 match ball 'Fussballliebe' REUTERS/Annegret Hilse Acquire Licensing RightsBERLIN, Nov 15 (Reuters) - Organisers of Euro 2024 on Wednesday unveiled the official ball for the continental tournament next year, with its colourful pattern designed to reflect the energy of the event and with built-in technology to assist in VAR decisions. Organisers said the design, featuring black wing shapes with colourful edges, curves and dots, was a reflection of the tournament's energy. Germany is hosting its first major international football tournament since the 2006 World Cup, which at the time had triggered an unprecedented wave of enthusiasm with large fan zones across the country and the event dubbed the "summer fairytale". Illustrations of each of the stadiums appear on the ball alongside the name of each host city. The ball also features some built-in technology to track all elements of its the movement and help with VAR decisions.

Persons: Annegret, Philipp Lahm, Manuel Neuer, Karolos, Christian Radnedge Organizations: Soccer Football, REUTERS, Rights, Wednesday, Adidas, Thomson Locations: Berlin, Germany

☆ Infineon reports better-than-expected 2023 revenue on semiconductor demand
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +1 min

Infineon Technologies AG logo is seen during German Economy Minister Robert Habeck and Foreign Minister Annalena Baerbock's visit, in Dresden, Germany July 13, 2023. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsBERLIN, Nov 15 (Reuters) - German chip manufacturer Infineon (IFXGn.DE) reported higher-than-expected revenue for its 2023 fiscal year on Wednesday as demand for semiconductors, particularly in the electromobility and renewable energy sectors, remains unabated. Revenue was 16.31 billion euros ($17.72 billion), up 15% from the year before, slightly beating company-provided analyst expectations of 16.22 billion euros. "Structural semiconductor growth in the areas of renewable energy, electromobility – especially in China – and microcontrollers for the automotive industry remains unabated," said Chief Executive Jochen Hanebeck. The company is forecasting slightly slower revenue growth for the 2024 fiscal year of 17 billion euros, plus or minus 500 million.

Persons: Robert Habeck, Annalena Baerbock's, Annegret, Jochen Hanebeck, Miranda Murray, Linda Pasquini Organizations: Infineon, REUTERS, Rights, Revenue, Thomson Locations: Dresden, Germany, China

☆ Germany set to double Ukraine military aid
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +2 min

German Chancellor Olaf Scholz delivers a speech on the day of the opening of an electrolysis gigafactory in Berlin, Germany November 8, 2023. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsFRANKFURT, Nov 11 (Reuters) - German chancellor Olaf Scholz's governing coalition has agreed in principle to double the country's military aid for Ukraine next year to 8 billion euros ($8.5 billion), a political source in Berlin said on Sunday. Defence minister Boris Pistorius, interviewed by broadcaster ARD, referred to the planned doubling of military aid to Ukraine. "Doubling the military spending is both the right thing to do and important," it quoted member of parliament Andreas Schwarz, who acts as an SPD military budget official, as saying. A European Union plan to spend up to 20 billion euros ($21 billion) on military aid for Ukraine is meeting with resistance from EU countries, diplomats said this week.

Persons: Olaf Scholz, Annegret, Olaf Scholz's, Boris Pistorius, Andreas Schwarz, Gursimran Kaur, Holger Hansen, Vera Eckert, David Gregorio, Kirsten Donovan, Giles Elgood Organizations: REUTERS, Rights, Atlantic Treaty Organization, Scholz's Social Democrats, Free Democrats, Green, Bundestag, Bloomberg News, Germany's Ministry of Defence, ARD, Thomson Locations: Berlin, Germany, Ukraine, Bengaluru, Frankfurt

☆ Germany set to double its Ukraine military aid under Scholz plan, Bloomberg reports
▼ + stars: | 2023-11-12 | by ( ) www.reuters.com time to read: +1 min

German Chancellor Olaf Scholz delivers a speech on the day of the opening of an electrolysis gigafactory in Berlin, Germany November 8, 2023. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsNov 11 (Reuters) - German chancellor Olaf Scholz's governing coalition has agreed to double German military aid for Ukraine next year to 8 billion euros ($8.54 billion), Bloomberg News reported on Saturday, citing people familiar with the matter. Lawmakers of Scholz's Social Democrats, the Free Democrats and the Green party agreed on the increase in negotiations over the proposed 2024 federal budget this week, Bloomberg News reported. A European Union plan to spend up to 20 billion euros ($21.4 billion) on military aid for Ukraine was met with resistance from EU countries. ($1 = 0.9362 euros)Reporting by Gursimran Kaur in Bengaluru; Editing by David GregorioOur Standards: The Thomson Reuters Trust Principles.

Persons: Olaf Scholz, Annegret, Olaf Scholz's, Gursimran Kaur, David Gregorio Our Organizations: REUTERS, Bloomberg, Atlantic Treaty Organization, Scholz's Social Democrats, Free Democrats, Green, Bloomberg News, Germany's Ministry of Defense, Thomson Locations: Berlin, Germany, Ukraine, Germany's, Bengaluru

☆ Chinese carmaker Nio still "debating" 2025 entry in North America -executive
▼ + stars: | 2023-11-09 | by ( ) www.reuters.com time to read: +1 min

A NIO ET5 car model and the NIO EP9 sports car are pictured at the NIO House, the showroom of the Chinese premium smart electric vehicle manufacture NIO Inc. in Berlin, Germany August 17, 2023. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsCompanies NIO Inc FollowNov 9 (Reuters) - Chinese automaker Nio (9866.HK) is still "debating" a 2025 entry in North America, a top executive said on Thursday. Speaking at Reuters Events Automotive USA 2023 conference, Ganesh Iyer, chief executive officer of Nio USA, said the company is considering "any kind of partnerships" in North America. Nio also needs to build infrastructure before bringing electric vehicles to North America, he said. Nio sees an "immersive user experience" as a differentiator for the brand, Iyer said.

Persons: Annegret, Ganesh Iyer, Nio, Iyer, Paul Lienert, Mark Porter Organizations: REUTERS, Automotive, Nio, Thomson Locations: Berlin, Germany, HK, North America, Nio USA, Detroit

☆ Russia puts Pussy Riot member on international wanted list - TASS
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

Russian punk music group Pussy Riot, critical of the country's regime, perform during their anti-war concert tour, amid Russia's invasion of Ukraine, at Shedhalle concert hall in Berlin, Germany May 12, 2022. REUTERS/Annegret Hilse/ File Photo Acquire Licensing RightsMOSCOW, Nov 7 (Reuters) - A Moscow court on Tuesday put Lyusya Shtein, a member of Pussy Riot who fled abroad, on an international wanted list for spreading knowingly "fake" information about the Russian armed forces, state news agency TASS reported. Pussy Riot, a feminist opposition group, rose to prominence by donning balaclavas and storming into Moscow's Christ the Saviour Cathedral in Feb. 2012, shouting out a song against Putin. While in Russia, Shtein was repeatedly arrested by Russian police for participating in protest rallies. During one of these arrests in December 2021, Shtein, along with another Pussy Riot member Maria Alyokhina, went on hunger strike.

Persons: Annegret, Lyusya, Pussy, Vladimir Putin, Shtein, Putin, Maria Alyokhina, Guy Faulconbridge Organizations: REUTERS, Rights, Pussy Riot, Reuters, Thomson Locations: Ukraine, Berlin, Germany, Moscow, Russia, Moscow's, Shtein

The source, who declined to be named, did not say when production would begin. A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. At the same meeting, he informed staff of plans to build the 25,000-euro vehicle there, the source said. German union IG Metall said in 2022 that Tesla wages were around 20% below those offered under collective bargaining agreements at other carmakers. ($1 = 0.9315 euros)Reporting by Victoria Waldersee, Editing by Rachel More, Bernadette Baum and Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.

Persons: Musk, Tesla, Annegret, Elon Musk, Europe's, Metall, Victoria Waldersee, Rachel More, Bernadette Baum, Emelia Organizations: Staff, JATO Dynamics, Reuters, Volkswagen, REUTERS, Thomson Locations: BERLIN, Berlin, United States, Europe, China, Gruenheide, Germany

☆ Tesla to build 25,000-euro car at German plant - source
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +2 min

A general view shows the Tesla logo on the Gigafactory in Gruenheide near Berlin, Germany, August 30, 2022. REUTERS/Annegret Hilse/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowBERLIN, Nov 6 (Reuters) - Tesla (TSLA.O) will build a 25,000-euro ($26,837.50) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars. Tesla Chief Executive Elon Musk visited the plant in Gruenheide, near Berlin, on Friday, after attending an artificial intelligence summit in England. The CEO thanked staff at the plant for their hard work, according to a video posted on X, formerly known as Twitter. At the same meeting, he also informed staff of plans to build the 25,000-euro vehicle there, the source said.

Persons: Annegret, Tesla, Elon Musk, Musk, Victoria Waldersee, Rachel More Organizations: REUTERS, Twitter, Reuters, Thomson Locations: Gruenheide, Berlin, Germany, England

☆ Tesla Raises Wages for German Workers Amid Union Pressure
▼ + stars: | 2023-11-06 | by ( William Boston | ) www.wsj.com time to read: 1 min

Elon Musk promised that the Gigafactory on the outskirts of Berlin would build Tesla’s next-generation vehicle. Photo: ANNEGRET HILSE/REUTERSBERLIN— Tesla is boosting factory worker pay in Germany amid an aggressive unionization drive, a move that comes as Chief Executive Elon Musk may face similar organizing attempts in the U.S.Tesla’s management in Germany late last week unveiled a package of wage increases for workers during Musk’s visit to the so-called Gigafactory on the outskirts of Berlin, according to people familiar with the matter. Musk also promised the assembly plant would build its next-generation vehicle.

Persons: Elon Musk, ANNEGRET, Tesla, Elon, Musk Locations: Berlin, BERLIN, Germany, U.S

☆ Tesla raises wages 4% for German workers amid union pressure, WSJ reports
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +1 min

A general view of a Tesla's Gigafactory Berlin-Brandenburg building, a part of the electric car manufacture, in Gruenheide, Germany July 18, 2023. In October, Tesla said it will inform its staff this month of the level of the pay rise, adding it raised wages by 6% last year. German union IG Metall has previously said that Tesla wages were around 20% below those offered under the collective bargaining agreement. The EV maker, unlike other carmakers in Germany, does not have a collective bargaining agreement governing wages. Tesla and IG Metall did not immediately respond to a Reuters' request for comment.

Persons: Annegret, Tesla, Metall, Elon Musk, Urvi, Aurora Ellis, Kim Coghill Organizations: REUTERS, Street, Thomson Locations: Berlin, Brandenburg, Gruenheide, Germany, U.S, Bengaluru

“It’s unbelievable that 80 years after Nazi times, we go back to such times and have antisemitic acts here, in the center of Europe,” Engelmayer told CNN. “That’s not the life we want.”Swastikas were sprayed on the walls outside the Vienna cemetery. Georg Hochmuth/APA/AFP/Getty Images‘The scale is completely different’The spike in antisemitic attacks in Europe has been wide-reaching. In London, the first week after Hamas’ attacks saw a 1,353% rise in antisemitic incidents, the Metropolitan Police reported. Not to go to places which are considered Jewish, like a synagogue.”But alongside the fear, the rise in antisemitic incidents has been met with defiance.

Persons: Austria CNN —, Rabbi Jaron Engelmayer, ” Engelmayer, Oskar Deutsch, ” Deutsch, ”, “ That’s, Georg Hochmuth, Gérald Darmanin, Robert Habeck, Menachem Margolin, “, Rabbi Engelmayer, Karl Nehammer, Tal Yeshurun, Yeshurun, ” Yeshurun, there’s, Annegret Hilse, “ We’re Organizations: Austria CNN, CNN, Wednesday, Nazi, Jewish, AFP, Getty, Metropolitan Police, European Jewish Association, ” Locations: Vienna, Austria, tatters, Europe, Israel, London, Germany, France, United States, Dublin, Ireland, Berlin, “

☆ Chinese EV upstart Nio plans to cut workforce by a tenth
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

The logo of NIO seen on an EL6 car model is pictured at the NIO House, the showroom of the Chinese premium smart electric vehicle manufacture NIO Inc. in Berlin, Germany August 17, 2023. Nio has told staff the reduction exercise would be completed in November, it said in a statement to Reuters. "We still have a gap between our overall performance and expectations," it told staff in an email, adding that it needed to improve efficiency and ensure adequate resources. Apart from the layoffs, Nio said it would defer or cut long-term project investments that would not contribute to financial performance within three years. Reporting by Zhang Yan, Qiaoyi Li and Brenda Goh Editing by Tomasz Janowski and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Annegret, Nio, Li Auto, BYD, Tesla, Zhang Yan, Qiaoyi Li, Brenda Goh, Tomasz Janowski, Clarence Fernandez Organizations: REUTERS, Rights, HK, EVs, Reuters, U.S, China's EV, Thomson Locations: Berlin, Germany, Rights SHANGHAI, BEIJING, China, China's, Europe

☆ Microsoft’s Hotly Anticipated Generative AI Work Assistant Set to Debut
▼ + stars: | 2023-10-31 | by ( Isabelle Bousquette | ) www.wsj.com time to read: 1 min

“We are using this AI inflection point to redefine our role,” said Satya Nadella, Microsoft’s chief executive, after the company’s recent results. Photo: annegret hilse/ReutersStarting Wednesday, businesses gain access to Microsoft ’s enterprise Copilot, one of the highest-profile AI tools to hit the market. CIOs say they are brushing up on employee training and building business cases to ensure executive buy-in on the tool. Copilot leverages generative AI across the Microsoft 365 suite by doing most things you might ask a business assistant to do, like summarizing video calls, writing draft responses to emails, and transforming Word documents into PowerPoint presentations, said Jared Spataro, corporate vice president of Modern Work and Business Applications at Microsoft.

Persons: ”, Satya Nadella, annegret, Jared Spataro Organizations: Microsoft, Modern

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