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☆ China's 'ruinous' EV price war cannot last forever, says Volkswagen exec
▼ + stars: | 2024-11-23 | by ( Chris Johnston | Daniel Zwick | ) www.businessinsider.com time to read: +4 min

AdvertisementVolkswagen is committed to China despite a "ruinous" domestic EV price war, its brand chief says. Volkswagen remains firmly committed to China despite a "ruinous" EV price war by domestic rivals that has hit overseas automakers hard, its boss said. VW group sales in China fell by 12% in the first nine months of this year amid the rising popularity of models made by domestic manufacturers. Toyota maintained its top spot in the world for the fourth consecutive year in 2023, selling 11.2 million vehicles globally — about 2 million more than the VW group. "We build cars in China for China; the same is happening in Europe and North America.

Persons: Thomas Schäfer, Schäfer, Axel Springer, Mary Barra, Wang He, Donald Trump's, Trump, Elijah Nouvelage Organizations: Volkswagen, VW, Welt, Business, General, Rival German, BMW, Mercedes, Benz, Audi, Porsche, Labor, Toyota Locations: China, Germany, Europe, Spain, Czech Republic, Portugal, Slovakia, USA, Mexico, Canada, Chattanooga , Tennessee, North America

☆ The US is finally going to make a key explosive at home, and that's good news for the military
▼ + stars: | 2024-11-23 | by ( Jake Epstein | ) www.businessinsider.com time to read: +5 min

But a new US Army contract for a TNT production facility in Kentucky will change that. The US intends to start making TNT at home again. The US Army plans to build a domestic production facility for the explosive compound, which the Pentagon has long been forced to obtain from overseas. Restarting domestic TNT production is an investment in the country's industrial base, she said. The new TNT production facility is expected to help strengthen the US military's preparation for large-scale conflict.

Persons: It's, John T, Kevin Sterling Payne, Bradley Martin, Oleg Petrasiuk, Cynthia Cook, Cook, Reim Organizations: TNT, US Army, Pentagon, Factory, Army, USA, Defense, Armaments and, US, Russia, 24th Mechanised Brigade, AP, Industrial, Group, Center for Strategic, International Studies, Operation Locations: Kentucky, Russia, China, Ukraine, Army's, Germany, Navy, Kyiv, South Korea, Poland

☆ Germany's Merkel laments influence of big business on Trump
▼ + stars: | 2024-11-23 | by ( ) www.cnbc.com time to read: +1 min

Former German chancellor Angela Merkel has called the influence of tech billionaires such as Elon Musk over U.S. President-elect Donald Trump a "huge concern". In an interview with the news magazine Der Spiegel published on Friday ahead of the release of her memoir, Merkel said the job of politics was ultimately to balance the interests of ordinary and powerful citizens. "If this ultimate recourse is influenced too strongly by companies, whether through capital power or technological capabilities, then that is an unprecedented challenge for all of us," she said. She cited the example of Musk, chief executive of Tesla and SpaceX, who was tapped by Trump to co-lead a new Department of Government Efficiency that the incoming president has indicated will operate outside the confines of government. "If a person like him [Musk] owns 60% of all satellites orbiting in space, then that has to be a huge concern for us in addition to the political issues," Merkel said.

Persons: Angela Merkel, Elon Musk, Donald Trump, Der Spiegel, Merkel, Musk, Tesla, Trump Organizations: Elon, SpaceX, of Government Efficiency

☆ Europe’s Leaders Seek Greater Unity to Counter Trump’s ‘America First’ Agenda
▼ + stars: | 2024-11-23 | by ( Liz Alderman | ) www.nytimes.com time to read: +1 min

For months, European business leaders have watched as Donald J. Trump paved a path back to the White House by doubling down on an “America First” economic policy, putting protectionism and business-friendly tax and regulatory pledges high on the agenda. With the U.S. presidential inauguration less than two months away, they are now furiously lobbying policymakers in Brussels with an appeal of their own: Put Europe First. Nothing has galvanized the European business community quite as urgently as the prospect of a second Trump presidency, this time with Mr. Trump wielding bolder promises to disrupt the global economic order in ways that threaten to leave Europe lagging even further behind. At a business conference in Paris this week, hundreds of corporate chiefs and lobby groups from France, Germany and Italy gathered to discuss just that. They described Mr. Trump’s election as a “wake-up call” for Europe to get its house in order — or face a painful economic fallout.

Persons: Donald J, Trump Organizations: U.S, Trump Locations: Brussels, Europe, Paris, France, Germany, Italy

Russia has fired about 60 North Korean KN-23 missiles at Ukraine this year, according to a Ukrainian defense official. These less-sophisticated missiles are part of North Korea’s growing support to Moscow, which also includes about 11,000 North Korean soldiers deployed to Russia’s Kursk region. Strikes using North Korean missiles have killed at least 28 people and injured 213 this year, the Ukrainian prosecutor general told CNN. Ukrainian investigators found evidence that crucial components used in the North Korean missiles are produced by at least nine Western manufacturers. There are more than 250 companies whose components have been identified in North Korean missiles, according to CAR.

Persons: “, Yuriy Ignat, Russia – “, ”, Andriy Kulchytskyi, Damien Spleeters, Victoria Vyshnivska, Vyshnivska, Danylo, Vladyslav Vlasiuk, Trump, Richard Blumenthal Organizations: Ukraine CNN —, CNN, Ukrainian Air Force, Korean, North Korean, Scientific Research, Forensic, Ukraine’s, Corruption, Military Research, Kyiv’s Scientific Research, Ukrainian Defense Intelligence, Research, Getty, US Commerce Department, “, US, Investigations, Defense Intelligence Locations: Kyiv, Ukraine, Ukraine CNN — Ukraine, Russia, North, Moscow, Russia’s Kursk, United States, Netherlands, United Kingdom, North Korea, Germany, Switzerland, Korean, US, China, Anadolu, Canada, Belarus, Western, Ukrainian, Russian, Iran

☆ IAEA board passes Iran resolution as West pushes Tehran toward talks
▼ + stars: | 2024-11-22 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms | ) www.nbcnews.com time to read: +4 min

After previous criticism at the International Atomic Energy Agency’s Board, it has stepped up its nuclear activities and reduced IAEA oversight. It has enough material enriched to lower levels for more bombs, but Iran denies seeking nuclear weapons. Grossi said on Wednesday he had asked Iran to cap that stock of 60% material and Iran had accepted his request. With the resolution passed, Iran is likely to respond. “If there is a resolution, it (Iran) will either increase its activities or reduce the agency’s access,” a senior diplomat said before the vote.

Persons: Iran’s, Donald Trump, Trump, Rafael Grossi, Masoud Pezeshkian, Grossi, Mohammad Eslami, ” Organizations: Governors, Diplomats, International Atomic Energy Agency’s Board, Burkina Faso, IAEA, Reuters, Trump, . Security, Atomic Energy Organization of Iran Locations: VIENNA, Iran, Britain, France, Germany, United States, China, Russia, Burkina, Tehran, ”

☆ A long-standing debt rule helped collapse Germany's government. Now the policy is ripe for reform
▼ + stars: | 2024-11-22 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +5 min

But what is the debt brake and why is it so contentious? Germany's debt brake, or 'Schuldenbremse,' is a fiscal rule that forms part of the German constitution. In some exceptional circumstances, the debt brake can be suspended — this happened for example during the Covid-19 pandemic. watch nowWhen the debt brake was first implemented, its advocates argued that it would ensure a sustainable, responsible approach to public finances and spending. Critics meanwhile, say the debt brake is too restrictive, and that it has hampered investment which is necessary for a successful future.

Persons: Olaf Scholz, John Macdougall, Christian Lindner, Scholz, Lindner, Philippa Sigl, CNBC's Annette Weisbach, Holger Schmieding, Carsten Brzeski Organizations: Bundestag, Afp, Getty, Former, Green, European Commission, CNBC, ING Locations: Germany, Russia, Ukraine

☆ Europe markets set to open higher as investors monitor Russia-Ukraine tensions
▼ + stars: | 2024-11-22 | by ( Sam Meredith | ) www.cnbc.com time to read: +1 min

LONDON — European stocks are expected to open higher on Friday, as investors closely monitored further escalations in the Russia-Ukraine war. It comes after the pan-European Stoxx 600 index snapped a four-session losing streak to close around 0.5% higher on Thursday. Gold prices extended gains on Friday and were on course for their best week in a year amid concerns over the conflict. Asia-Pacific markets mostly rose on Friday, tracking gains on Wall Street that saw the S&P 500 index log gains for a fourth straight day. U.S. stock futures edged higher overnight, on track to end the week with gains across the three major averages.

Persons: Germany's DAX, Vladimir Putin Organizations: France's CAC, IG Locations: Russia, Ukraine, Kyiv, Ukrainian, Dnipro, Asia, Pacific

☆ Debt brake reform is possible, German finance minister says
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDebt brake reform is possible, German finance minister saysJörg Kukies, German finance minister, discusses the country's debt brake policy and plans for Germany's 2025 budget in a panel with CNBC's Annette Weisbach.

Persons: Jörg Kukies, CNBC's Annette Weisbach

☆ Leaked memo: Amazon says staff in Germany can apply to work from home 2 days a week amid RTO push
▼ + stars: | 2024-11-22 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

AdvertisementAmazon has told staff in Germany they can apply to work from home for up to two days a week. Amazon has a global mandate for all employees to return five days a week to the office from January. Amazon employees in Germany will be able to apply to work from home up to two days a week when the company's global return-to-office mandate takes effect, Business Insider has learned. Amazon said the expectation is still for employees to work from the office five days a week in Germany, and that it had a similar flexible work policy before the pandemic. It also states that the policy applies to all Amazon employees in Germany, but it does not include Twitch and Audible employees.

Persons: Slack, Andy Jassy, Amazon, Jassy, it's, Jyoti Mann Organizations: BI, Amazon, Business Locations: Germany, jyotimann

☆ See some of the best photos from National Geographic's 'Pictures of the Year'
▼ + stars: | 2024-11-22 | by ( Marylou Costa | ) www.cnbc.com time to read: +7 min

National Geographic released its annual "Pictures of the Year" issue this week, showcasing 20 photographs — out of some 2.3 million in contention — that depict striking scenes of nature, wildlife and human connection to the world. Emperor penguins have been increasingly moving from low-lying ice to higher, more permanent ice shelves as climate change changes their environment, according to National Geographic. Source: Ami Vitale by National GeographicIn January, scientists at the BioRescue project transferred a southern white rhino embryo into a southern white rhino female. Only two are left, according to National Geographic. The cover of National Geographic's "Pictures of the Year" issue, dated December 2024, shows researchers in Gabon's Bongolo Cave.

Persons: Bertie Gregory, penguins, Ingo Arndt, Arndt, Ami Vitale, Concan, Babak Tafreshi, Jason Gulley, Gulley, I've, Davide Monteleone, Synhelion, Peter Fisher, he's, Fisher, Robbie Organizations: Geographic, Pictures, National, National Geographic, Germany's University of Konstanz, Taurus, CNBC Travel, Fanning, CNBC Locations: Antarctica, Konstanz, Germany, Kenya, Texas Texas, Texas, Fanning Springs, Park, Florida, Suwannee, Swiss, Antigua, Guatemala

☆ Dollar hugs 13-month peak as market awaits next Fed cue
▼ + stars: | 2024-11-22 | by ( ) www.cnbc.com time to read: +4 min

Global PMIs are due later in the day, although those figures should not "change the dial too much," said Tony Sycamore, market analyst at IG. Recent comments from Fed officials, including Chair Jerome Powell, have indicated the central bank may take a slower course in its rate cut path. Among Trump policies on weighing on investors' minds were the president-elect's campaign pledges of tariffs, with Europe and China both likely in the firing line. The euro , which makes up a hefty portion of the dollar index, steadied at $1.0475 after falling to a 13-month low of $1.0461 on Thursday. The dollar was last down 0.17% on the day at 154.27 yen.

Persons: Tony Sycamore, It's, it's, Sycamore, Donald Trump's, Jerome Powell, CME's, Trump, Sterling, Bitcoin, Marcel Thieliant, Kazuo Ueda Organizations: The U.S, greenback, Bank of Japan's, Global, IG, U.S, PCE, Trump, Capital Economics Locations: Rio de Janeiro, Brazil, The, Europe, China, Russia, Ukraine, Germany, Asia

☆ Merkel Memoir Recalls What It Was Like Dealing With Trump and Putin
▼ + stars: | 2024-11-22 | by ( Christopher F. Schuetze | Steven Erlanger | ) www.nytimes.com time to read: +1 min

Shortly after Donald J. Trump’s 2017 inauguration, Angela Merkel, who was then Germany’s chancellor, visited Washington. After hearing the photographers demand “handshake, handshake,” an urging that Mr. Trump ignored, Ms. Merkel tried herself, she relates in a new memoir. “They want to have a handshake,” she said in a hushed tone audible to the press corps just feet away. “As soon as I said that, I shook my head mentally at myself,” Ms. Merkel wrote, according to excerpts from the memoir released this week in Die Zeit, the German weekly. “How could I forget that Trump knew exactly what effect he wanted to achieve?” she added.

Persons: Donald J, Trump’s, Angela Merkel, Trump, Merkel, ” Ms, ” Organizations: European Union Locations: Washington, Germany, Crimea

☆ From a call with Putin to an experimental strike, a dramatic week transforms the war in Ukraine
▼ + stars: | 2024-11-22 | by ( Nick Paton Walsh | Analysis Cnn'S International Security Editor | ) edition.cnn.com time to read: +6 min

CNN —It began with a peace move nobody wanted and ended with an experimental missile strike so rare in war Moscow gave a 30-minute heads-up to Washington. The White House publicly authorized Ukraine Sunday to fire missiles it supplied into Russia proper, which it swiftly did Monday. Moscow responded by using an experimental medium-range missile, with hypersonic speeds and a multiple warhead system usually reserved for nuclear payloads, to strike Dnipro Thursday. Similarly, Putin’s decision to launch the Oreshnik missile was likely Moscow stepping up another rung on a carefully prepared ladder of escalation. Yuri Budanov, head of Ukraine’s defense intelligence, said Friday it was a “medium-range ballistic missile, a nuclear weapons carrier.

Persons: Donald Trump’s, Putin, Olaf Scholz, Vladimir Putin, Scholz, Trump, Joe Biden’s, ’, Russia’s, ”, Yuri Budanov, ” Budanov, Biden Organizations: CNN, White House, Ukraine Sunday, Dnipro Thursday, Kremlin, Russia’s, Foundation, NATO, Intermediate Nuclear Forces, US, United Kingdom’s Defence Intelligence Locations: Moscow, Washington, Ukraine, Russia, Germany, Europe, Poland, France, Dnipro, Kyiv, Kharkiv, Kupiansk, Zaporizhzhia, Kursk

☆ Why Germany’s Economy, Once a Leader in Europe, Is Now in Crisis
▼ + stars: | 2024-11-22 | by ( Melissa Eddy | ) www.nytimes.com time to read: +1 min

Germany, Europe’s largest economy, has not seen significant growth in the past two years. On Friday, the country’s economy recorded 0.1 percent growth from July to September, but it is forecast to contract over the entire year. And economists do not expect to see a return to growth in 2025, unless a new government can make significant changes quickly. Driving that point home, Germany’s largest auto supplier, Bosch, said on Friday that it planned to cut 5,500 jobs, beginning in 2027. High energy prices, a complex bureaucracy, an aging public infrastructure and geopolitical developments have hurt Germany’s export industry.

Organizations: Bosch Locations: Germany, Europe’s

☆ CNBC Daily Open: Expectations can move shares in strange ways — just look at Nvidia
▼ + stars: | 2024-11-22 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Markets digest Nvidia earningsU.S. markets rose on Thursday after digesting Nvidia's earnings release. [PRO] Stimulus boosting Chinese marketsChinese markets are "turning a corner" after the Beijing unleashed several stimulus measures to boost the economy, said HSBC . "The market has so far reacted positively to these initiatives,' analysts from HSBC wrote in a Nov. 19 note, in which they picked two Chinese stocks to hold for 2025.

Persons: Hong, Aftereffects, Gautam Adani, CNBC's Ganesh Rao Organizations: CNBC, U.S . Department of Justice, Google, Chrome, Nikkei, Bank of Japan, Reuters, Adani, Motors, Germany's Volkswagen, Nissan, HSBC Locations: Asia, Pacific, Japan, U.S, India, China, Beijing

☆ The World Chess Champion Could Lose His Title, and It Might Not Be Close
▼ + stars: | 2024-11-22 | by ( Dylan Loeb Mcclain | ) www.nytimes.com time to read: +1 min

Never has a chess world championship titleholder seemed as vulnerable. On Monday, Ding Liren, the reigning world champion, will begin a match in Singapore to defend the title against the 18-year-old player Gukesh Dommaraju. His results were far below his previous level and also below the level of what might be expected of a world champion. A month later, in a Chess 960 tournament in Germany, he lost 10 of 13 games. (Chess 960 is a variant in which the pieces on the back ranks are shuffled into one of 960 possible starting configurations.)

Persons: Ding Liren, Gukesh, Ding, Ian Nepomniachtchi Locations: Singapore, China, Netherlands, Germany

CNN —A Norwegian man working as a security guard for the US Embassy in Oslo was arrested this week on allegations of spying for Russia and Iran. According to Norway’s public broadcaster NRK, the man is in his 20s and was arrested at home in his garage on Wednesday. He is charged with attempted aggravated intelligence activities against state secrets and admitted to having collected and shared information with Russian and Iranian authorities, according to NRK. The arrest comes amid ongoing concerns about Moscow and Tehran’s espionage and influence operations around the globe. Western officials have disrupted plots from Tehran to harm or kill individuals, including an alleged assassination plot against President-elect Donald Trump.

Persons: Donald Trump, John Christian Elden, Elden, ” Organizations: CNN, US, NRK, Wall Street Journal, Norway “, US State Department, Norwegian Locations: Oslo, Russia, Iran, Moscow, Tehran, Germany, United Kingdom, Canada, Norway, ”

☆ U.S. Defense Firms Are Warned About Russia’s Sabotage Campaign
▼ + stars: | 2024-11-21 | by ( Julian E. Barnes | More About Julian E. Barnes | ) www.nytimes.com time to read: +1 min

“Those involved in work tied to Ukraine or other geopolitical conflicts should be cautious about disclosing work, travel, personal and family information online,” the warning said. So far all of Russia’s known sabotage attacks have taken place in Europe, although Russian intelligence has targeted many countries, including Britain, France, Germany, Lithuania and beyond. But some officials believe that Russia wants to expand its sabotage campaign to the United States, particularly if the Biden administration in its closing weeks continues to support Ukraine in its war against Russia or takes steps that Russia sees as escalatory. A small fire at the Scranton Army Ammunition Plant in Pennsylvania in September, and another incident at the same site in April, set off concerns that Russia had extended its campaign to the United States. But officials believe those fires were an accident, not sabotage.

Persons: “, Biden Organizations: Scranton Army, Plant Locations: Ukraine, Russia, United States, Europe, Britain, France, Germany, Lithuania, Scranton, Pennsylvania

☆ U.N. Watchdog Censures Iran Over Nuclear Program Secrecy
▼ + stars: | 2024-11-21 | by ( Steven Erlanger | ) www.nytimes.com time to read: +1 min

The United Nations’ nuclear watchdog agency censured Iran on Thursday evening for failing to cooperate fully with the agency’s monitoring and inspection, as the country is obligated to do under the Nuclear Nonproliferation Treaty. The censure by the International Atomic Energy Agency could lead to penalties against Iran, including renewed economic sanctions. The agency’s Board of Governors voted 19 to 3, with 12 abstentions, for the censure, despite intensive lobbying by Iran and its foreign minister, Abbas Araghchi. The three votes against were cast by Russia, China and Burkina Faso. Mr. Araghchi promised that Iran would retaliate if the resolution passed, most likely choosing to accelerate its enrichment of uranium to levels close to bomb grade, rather than putting a cap on that enrichment.

Persons: Abbas Araghchi, Araghchi Organizations: United Nations, International Atomic Energy Agency, Iran, Governors Locations: Iran, Brazil, South Africa, Bangladesh, Algeria, Burkina Faso, Pakistan, Britain, France, Germany, United States, Russia, China

☆ SailGP signs Rolex as first title partner of its global sailing competition
▼ + stars: | 2024-11-21 | by ( Brandon Gomez | In Brandon-Gomez | ) www.cnbc.com time to read: +1 min

SailGP has signed Rolex as the first title partner of its global sailing competition. The self-described Formula 1 of sailing has signed Rolex as the first title partner of its elite sailboat racing competition. SailGP's series of events, which kicks off its 2025 season in Dubai on Saturday, will now be known as the "Rolex SailGP Championship." "Leading into our fifth season, SailGP is celebrating a period of remarkable growth," said league CEO Russell Coutts. SailGP's global championship features a dozen national teams from the U.S., Italy, Germany and others battling in identical high-tech, high-speed 50-foot foiling catamarans.

Persons: SailGP, Russell Coutts Organizations: Rolex Locations: Dubai, Swiss, U.S, Italy, Germany

☆ Should Olaf Scholz Step Aside in the New Race for German Chancellor?
▼ + stars: | 2024-11-21 | by ( Christopher F. Schuetze | Jim Tankersley | ) www.nytimes.com time to read: +1 min

Earlier this month, as he prepared to give one of the most important speeches of his political career, Chancellor Olaf Scholz of Germany appeared before Parliament in a suit that appeared at least a size or two too large. Mr. Scholz has never seemed a natural fit as chancellor. He was an unlikely selection to lead his Social Democratic Party four years ago. Now, his popularity has sunk, his government has broken up, and Mr. Scholz finds himself fighting for his political life. Mr. Biden eventually stepped aside, and his replacement on the ballot, Vice President Kamala Harris, lost in November to former President Donald J. Trump.

Persons: Chancellor Olaf Scholz, Germany, Scholz, —, Biden, Kamala Harris, Donald J, Trump Organizations: Social Democratic Party, Democratic Party

☆ Intercontinental ballistic missile: Ukraine has accused Russia of launching an intercontinental missile. Here’s what we know
▼ + stars: | 2024-11-21 | by ( Catherine Nicholls | ) edition.cnn.com time to read: +7 min

CNN —Ukraine’s military has accused Russia of firing an intercontinental ballistic missile (ICBM) into its territory for the first time, marking what would be another significant escalation in the 1,000-day-old war. Despite Kyiv’s accusation, two Western officials said that the missile launched by Russia was a ballistic missile, but not an ICBM. Ukraine’s air force accused Russia of launching an intercontinental ballistic missile at Dnipro at around 5 a.m. local time, from the Astrakhan region of southern Russia. Alexander Nemenov/AFP/Getty Images/FileWhat is an intercontinental ballistic missile? An intercontinental ballistic missile (ICBM) is a long-range weapon that is fired into space and then releases a warhead or warheads that reenter the atmosphere to drop on their targets.

Persons: CNN —, Heorhii Tykhyi, “, Volodymyr Zelensky, Vladimir Putin, ” Zelensky, Dmitry Peskov, Peskov, Joe Biden, Putin, Alexander Nemenov, Mykola Synelnykov, Serhiy Lysak Organizations: CNN, Ukraine’s Foreign Ministry, Russia’s Defense Ministry, Russia’s Defense, Victory Day, Getty, Center for Arms Control, Soviet Union, The, Patriot, Missile, Center for Strategic, International Studies, Congressional Research Service, Patriots Locations: Russia, Dnipro, Ukrainian, Ukraine, Astrakhan, Laos, British, Russian, Moscow, AFP, Soviet, States, Germany, Kyiv, Dnipropetrovsk, Donetsk

☆ Auto worker wipeout: Why car companies are cutting thousands of jobs
▼ + stars: | 2024-11-21 | by ( Benjamin Zhang | ) www.businessinsider.com time to read: +5 min

This is due to unprofitable EV investments, Chinese market losses, and more domestic competition. Ford, General Motors, and Stellantis plan to slash thousands from their workforce in the coming months. AdvertisementBut despite that growth — and with EVs accounting for roughly 10% of US auto sales — companies not named Tesla have struggled to make their EV businesses profitable. German carmakers are losing out to Chinese EV upstarts like BYD. Analysts say inventory levels are improving at Stellantis and industry-wide as automakers react to a slower sales environment.

Persons: Ford, Josh Lefkowitz, EVs, That's, Tesla, Tim Levin, Daniel Pier, Stellantis, Price, Donald Trump Organizations: Ford, GM, Volkswagen Group, General Motors, Volkswagen, Silverado, Angeles Auto, EV, Cadillac, VW Group, Geely, VW, Competition Locations: Germany, Cadillac Lyriq, China, United States

☆ The Putin-Kim bromance grows with a lion, yaks, bears, cockatoos, pheasants, and 40 ducks
▼ + stars: | 2024-11-21 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

AdvertisementRussia announced on Wednesday that Vladimir Putin is gifting Kim Jong Un about 70 animals for his zoo. Russia's environmental ministry said the animals include a lioness, two bears, two yaks, and over 60 birds. The new set of animals is another touch by Putin to firm up his alliance with North Korea. AdvertisementKozlov's ministry said it had previously sent Pyongyang birds such as eagles, cranes, and parrots, but that it was the first time Russia had donated mammals. In August, the Times of London, citing a veterinary source in Russia, reported that the Russian leader had sent Pyongyang two dozen purebred white horses.

Persons: Vladimir Putin, Kim Jong Un, Putin, Kim Jong, Alexander Kozlov, Kozlov's, Kim Organizations: Russia, North, Russian Ministry of Natural Resources, Moscow Zoo, Pyongyang Central Zoo, North Korean State Media, NATO, Central, Stockholm International Peace Research Institute Locations: North Korea, Moscow, Pyongyang, North Korean, Korean, Russia, London, Russian, The, Ukraine, Korea, Germany, Poland, Western, Stockholm

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