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☆ One of Boeing's biggest customers leveled fresh criticism over ongoing 737 Max delivery delays
▼ + stars: | 2024-11-04 | by ( Polly Thompson | ) www.businessinsider.com time to read: +4 min

Ryanair, Europe's biggest airline, repeatedly criticized Boeing in its latest earnings report. The airline said that this increase came "despite repeated Boeing delivery delays." Related Video"Many customers are switching to Ryanair for our lower air fares," Ryanair's CEO Michael O'Leary said. Ryanair CEO Michael O'Leary has been one of Boeing's harshest critics in recent months. Related stories"While we continue to work with Boeing leadership to accelerate aircraft deliveries ahead of peak S.25, the risk of further delivery delays remains high," the CEO added.

Persons: —, Michael O'Leary, O'Leary, Yves Herman Ryanair, machinists, Kelly Ortberg, Tim Clark, Scott Kirby Organizations: Ryanair, Europe's, Boeing, Service, REUTERS, Alaska Airlines, Emirates, United Airlines Locations: Alaska

☆ Chinese EV maker BYD's quarterly sales overtook Tesla's for the first time
▼ + stars: | 2024-10-31 | by ( Sonia Heng | In Sonia-Heng | ) www.cnbc.com time to read: +2 min

Yves Herman | ReutersChinese electric vehicle maker BYD reported third-quarter revenue that topped that of behemoth rival Tesla for the first time. On Wednesday, BYD reported revenue for the three months ended Sept. 30 of 201.12 billion yuan ($28.24 billion), up 24% from a year ago. That exceeded Tesla's revenue of $25.18 billion reported for the same period. At least half of BYD's sales are hybrid vehicles, whereas Tesla's vehicles are battery only. Likewise, Tesla remains on top in year-to-date sales, slightly edging out BYD's roughly $70.53 billion total revenue at $71.98 billion.

Persons: Yves Herman, BYD, Tesla, Elon Musk's Tesla Organizations: Reuters, behemoth, Elon, BYD's Seagull, EU, SAIC Motors Locations: China, Zeebrugge, Belgium, Beijing, Europe, Berlin, Hungary, Turkey

☆ Europe has admitted it's fallen behind US innovation. Now it's plotting a comeback.
▼ + stars: | 2024-09-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +7 min

How Europe fell behindThe US and China have outpaced the EU on innovation. One of its biggest tech companies, Dutch semiconductor firm ASML, was founded 40 years ago. Europe's strategy to close the innovation gapMario Draghi thinks the EU should focus its attentions on AI. REUTERS/Yves HermanDespite its weaker position relative to the US and China, Draghi thinks the EU can devise a plan to close the innovation gap. Beyond AI, Draghi points to other measures to close the innovation gap, such as reforms to policies that he thinks hinder innovation, as well as addressing big funding issues.

Persons: —, Mario Draghi, Draghi, European Central Bank —, Pedro Pardo, There's, Yves Herman, Musk, Mario Organizations: Service, Union, European Central Bank, Business, AFP, EU, Novo Nordisk, REUTERS, Tiger Global, Elon Musk Locations: Europe, China, EU, Silicon

☆ Breaking is making its Olympics debut in Paris. Just don’t call it breakdancing
▼ + stars: | 2024-08-06 | by ( Faith Karimi | ) edition.cnn.com time to read: +11 min

It might seem more like an artform than a sport, but breakdancing — known professionally as breaking — is making its Olympics debut this month in Paris. The Olympics adopted the same name to honor its culture and history and preserve its authenticity, Nifontov said. As breaking makes its Olympics debut, Cooper said a part of him fears it will lose some of the cultural qualities that make it a unique artform. Breaking events are scored on five factorsLike gymnastics or figure skating, breaking competitions are scored by a panel of judges. She eventually left her job at a global cosmetics company to focus on breaking and lives in New York City, where she trains.

Persons: breakdancing, Victor Montalvo, Victor, who’s, Michael Jordan, “, ” Montalvo, ”, Sergey Nifontov, James Brown, Richard Laird, Nifontov, Richard M, Cooper, ” Cooper, we’re, Brown, ” Nifontov, Robert Deutsch, Zack Slusser, Montalvo, Logan Edra, Yves Herman, it’s, …, Sunny Choi, Andrew Kelly, Jeffrey Louis, Jeffro, Louis, ” Louis, I’ll, ” Choi, I’ve, ” CNN’s Gonzalo Alvarado Organizations: CNN, CNN En Espanol, New York City, DanceSport Federation, New York City's, American Studies, Widener University, Olympics, USOC Media Summit, Paris, USA, Sports, Reuters, International Olympic, Olympic, USA’s, Team USA, University of Pennsylvania Locations: Paris, New York, China, France, Japan, Netherlands, South Korea, Ukraine, Kazakhstan, United States, New, Chester , Pennsylvania, Africa, Hollywood, Argentina, Leuven, Belgium, Mexico, New York City, Florida

☆ Carlos Alcaraz discusses a ‘special’ French Open win, targeting Olympic success and plans for a new tattoo
▼ + stars: | 2024-06-10 | by ( George Ramsay | Amanda Davies | ) edition.cnn.com time to read: +4 min

4 Alexander Zverev in five sets to lift his third grand slam title – all at the age of only 21. Is he worried about running out of skin space, should he continue to accumulate more grand slam titles? If I win another French Open, I’m not going to get a tattoo.”With his victory over Zverev, the world No. 2 joins a long line of Spanish men to have lifted the French Open title. Alcaraz and his team pose for a photo in the locker room after winning the French Open.

Persons: Carlos Alcaraz, Alexander Zverev, Philippe, Chatrier, Alcaraz, ” Alcaraz, Amanda Davies, Roland Garros, I’ve, Yves Herman, ”, “, I’m, Rafael Nadal, Juan Carlos Ferrero, Albert Costa, Carlos Moyá, Sergi Bruguera, Ferrero, Clive Brunskill, –, Nadal –, Novak Djokovic, “ I’ve, “ I’m Organizations: CNN, Spaniard, Zverev, Wimbledon, Eiffel, French, Reuters Locations: City of, Paris, Zverev, Murcia

☆ Iga Świątek: How ‘introverted’ tennis star became a four-time grand slam champion and the world’s highest-paid female athlete
▼ + stars: | 2024-05-24 | by ( George Ramsay | ) edition.cnn.com time to read: +8 min

CNN —Calm and understated, Iga Świątek rarely appears flustered by the triumphant highs and heart-breaking lows of professional tennis, but discovering that she would be crowned world No. Since rising to the top of the rankings, the Polish star has been a dominant force in women’s tennis, winning 16 titles – 21 in total – and only once dropping from the No. “When we started working in 2019, I was really, really introverted,” says Świątek. Last year, she became the first female athlete to be sponsored by sportswear brand On and has helped to develop the company inaugural tennis range. Świątek was estimated by Forbes to be the world's highest-paid female athlete last year.

Persons: Świątek, ”, “, –, ” Świątek, Aryna Sabalenka, Susana Vera, Roland Garros, you’re, there’s, hasn’t, “ We’re, Yves Herman, Daria Abramowicz, Karolína Muchová, Julien de Rosa, it’s, Eileen Gu, Coco Gauff, Emma Raducanu, Naomi Osaka, Aryna, Williams, Maria, Sharapova, ” Max Eisenbud, Taylor Swift, Andre Agassi, Lindsey Vonn, Robert Prange, Eisenbud, I’ve, ” “, Monica Seles, Justine Henin – Organizations: CNN, tennis, CNN Sport, Madrid, Reuters, Porsche, Rolex, Getty, Forbes ’, Tennis, Forbes, Serena, Brands Locations: Madrid, Rome, AFP, American, Świątek

☆ NATO: Higher defense spending is no magic bullet after Trump’s attack
▼ + stars: | 2024-02-15 | by ( Luke Mcgee | ) edition.cnn.com time to read: +7 min

It’s first worth noting which countries have most dramatically increased their defense spending since the invasion of Ukraine. Yves Herman/ReutersTrump’s well-documented comments about NATO and European defense spending woke them up from that slumber. The example many point to is a deal struck earlier this year between multiple European countries to buy 1,000 Patriot missiles. “Pensions for soldiers are useful, sure, but they are not going to shoot a Russian,” a European security official told CNN. But it will be worth it, if countries don’t get bored and work together.

Persons: Donald Trump, ”, don’t, Jens Stoltenberg, It’s, Yves Herman, Reuters Trump’s, Theresa May, Trump, EMMANUEL DUNAND, Malcolm Chalmers, Russia – Organizations: CNN, NATO, Reuters, Patriot, Inter, Officials, New Nato Force Model, Getty, Royal United Services Institute, Pensions, “, Diplomats Locations: Russia, NATO, Europe, Ukraine, Poland, Estonia, Lithuania, Finland, Romania, Hungary, Latvia, Slovakia, America, Germany, AFP, European, France, China

☆ Weight loss drugs are still hard to find — but Novo Nordisk and Eli Lilly are trying to change that
▼ + stars: | 2024-02-10 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +8 min

Victoria Klesty | ReutersThe insatiable demand for weight loss drugs is trouncing supply, leaving many patients struggling to find the injectable treatments. The dominant weight loss drugmakers, Novo Nordisk and Eli Lilly , have said supply woes likely won't go away anytime soon, as the popularity of those medicines continues to soar. Some Wall Street analysts project that the weight loss drug market could be worth $100 billion by the end of the decade. But both Novo Nordisk and Eli Lilly gave updates on positive supply developments to investors over the last week. Other forms of weight loss drugs could helpAlternative forms of weight loss drugs could also help alleviate supply constraints in the future.

Persons: Victoria Klesty, Eli Lilly, Cantor Fitzgerald, Louise Chen, Nordisk's Wegovy, Eli Lilly's Zepbound, Goldman Sachs, Jeff Friedman, Novo, Mike Segar, Eli, Catalent, Yves Herman Yves Herman, TD Cowen, Michael Nedelcovych, Anat Ashkenazi, Cantor Fitzgerald's Chen, Morgan Stanley, Eli Lilly's, George Frey Organizations: Novo Nordisk, CNBC, Nordisk's, University of Florida, Pfizer, AstraZeneca, Roche, Food, Nordisk, Company, FDA, Novo Holdings, Wegovy, REUTERS, Reuters, U.S Locations: Oslo, Norway, Novo, U.S, Branchburg , New Jersey, Brussels, Belgium, Catalent, Concord , North Carolina, North, Germany, Indiana, Denmark, France

☆ The Boeing 737 Max blowout has sparked a rare wave of public criticism from airline CEOs and the FAA, with harsh words flying about its quality control
▼ + stars: | 2024-02-06 | by ( Pete Syme | ) www.businessinsider.com time to read: +7 min

Airline CEOs have criticized Boeing in the wake of the Alaska Airlines blowout. AdvertisementThe Alaska Airlines blowout in January has subjected Boeing to a torrent of criticism from airline executives. AdvertisementFrom Boeing's biggest customer to regulators' strong words, the incident has sparked a wave of public criticism, a rarity in the aviation sector. AdvertisementAs the FAA increased its oversight of Boeing's production line, Administrator Mike Whitaker said: "The quality-assurance issues we have seen are unacceptable." Pete Buttigieg, the transportation secretary, backed the FAA's actions, saying it "is holding Boeing accountable for its production quality problems."

Persons: —, Stan Deal, Scott Kirby, United Airlines Scott Kirby, Brian Snyder United, didn't, Max, Kirby, Ben Minicucci, Minicucci, Michael O'Leary, Ryanair Michael O'Leary, Yves Herman Ireland, O'Leary, Dave Calhoun, Tim Clark, they've, Clark, Mike Whitaker, Pete Buttigieg, Win McNamee, Donald Trump, Whitaker Organizations: Boeing, Alaska Airlines, FAA, Service, Street Journal, Airplanes, United Airlines, REUTERS, CNBC, NBC, Ryanair, Financial Times, Airbus, Emirates, Transportation, Max, Federal Aviation Administration Locations: Alaska

☆ Protesting farmers hurl eggs and clog streets with tractors as EU summit begins
▼ + stars: | 2024-02-01 | by ( Sophie Tanno | Chris Liakos | ) edition.cnn.com time to read: +3 min

Demonstrators rolled into Brussels in their tractors in the early morning hours before gathering outside the European Parliament where the summit was being held, blaring horns, hurling eggs and sparking fires. A handful of tractors had been parked near the EU Parliament all week before convoys from across the country converged on Thursday morning. Hatim Kaghat/Belga/AFP/Getty ImagesThere were chaotic scenes outside the European Union headquarters as a key meeting on aid to Ukraine got underway. We need to make sure that our farmers can be a partner in this,” De Croo said on arrival at the summit. In France, protesting farmers continue their roadblocks outside of Paris and near the cities of Lyon and Toulouse.

Persons: Hatim, Yves Herman, Alexander De Croo, De Croo Organizations: CNN, European Union, Ukraine, ” Police, Reuters, EU, Farmers, Belgian, BFMTV, European Commission Locations: Brussels, Belgian, AFP, Ukraine, Italy, Spain, Romania, Poland, Germany, Portugal, Netherlands, Greece, Thessaloniki, France, Paris, Lyon, Toulouse

☆ French Farmers Block Highways Around Paris as Protest Reach Capital
▼ + stars: | 2024-01-26 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +1 min

PARIS, France (Reuters) - Farmers blocked one of France's main motorways liking Paris with the northern city of Lille, the Benelux and Britain on Friday, causing kilometres of traffic jams, the first major traffic disruption caused by the protest movement in the French capital. The roadblock on the A1 north of Paris lead to traffic jams of around 4 km (2.5 miles) in the morning, according to the transport ministry's online service Bison Fute. French media reported farmers had also set up first roadblocks on traffic axes in the Essonne department south of Paris in the early morning hours, while most protests were expected to start in the early afternoon. The government said it would announce first immediate measures aimed at taming the farmer outrage later on Friday with Prime Minister Gabriel Attal expected to speak in the afternoon. So far, the government has not specified when and where Attal is due to speak or what measures could be announced.

Persons: Gabriel Attal, Yves Herman, Tassilo Hummel, Tomasz Janowski Organizations: Farmers Locations: PARIS, France, Paris, Lille, Benelux, Britain, Essonne

☆ EU clears up to 1.2 bln euros of aid for cloud computing
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

European flags fly outside the European Commission headquarters in Brussels, Belgium September 20, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsBRUSSELS, Dec 5 (Reuters) - The European Commission approved on Tuesday up to 1.2 billion euros ($1.30 billion) of state aid for a European cloud computing project to try to boost the involvement of EU business in a field dominated by U.S. companies. Those countries will provide up to 1.2 billion euros in public funding, which in turn is expected to unlock 1.4 billion euros in private investments, the European Commission said. The European cloud technology project features 19 companies, including French companies Atos (ATOS.PA) and Orange (ORAN.PA), Deutsche Telekom (DTEGn.DE) and Germany's SAP (SAPG.DE), Telecom Italia (TLIT.MI) and Telefonica Espana (TEF.MC). The three biggest players in cloud computing are Amazon (AMZN.O), Microsoft (MSFT.O) and Google (GOOGL.O).

Persons: Yves Herman, Didier Reynders, Sudip Kar, Gupta, Piotr Lipinski, Philip Blenkinsop, Barbara Lewis Organizations: European Commission, REUTERS, Rights, U.S, Infrastructure, Services, IPCEI CIS, Union, Deutsche Telekom, SAP, Telecom Italia, Telefonica Espana, Microsoft, Google, Thomson Locations: Brussels, Belgium, France, Germany, Hungary, Italy, Netherlands, Poland, Spain

REUTERS/Yves Herman/File Photo Acquire Licensing RightsDUBAI, Dec 5 (Reuters) - Global carbon dioxide emissions from burning fossil fuels are set to hit a record high this year, exacerbating climate change and fuelling more destructive extreme weather, scientists said. The Global Carbon Budget report, published on Tuesday during the COP28 climate summit, said that overall CO2 emissions, which reached a record high last year, have plateaued in 2023 due to a slight drop from uses of land like deforestation. Countries are expected to emit a total 36.8 billion metric tons of CO2 from fossil fuels in 2023, a 1.1% increase from last year, the report by scientists from more than 90 institutions including the University of Exeter concluded. When land use emissions are included, global CO2 emissions are set to total 40.9 billion tons this year. China produces 31% of global fossil fuel CO2 emissions.

Persons: Yves Herman, India's, Pierre Friedlingstein, Friedlingstein, Kate Abnett, Alexander Smith Organizations: REUTERS, Rights, University of Exeter, 1.5C, IPCC, Research, Energy, Clean, European, Thomson Locations: Dunkirk, France, India, China, Paris, COP28, Helsinki, U.S, European Union, Europe

☆ Deutsche Bank to review Postbank tech migration - Handelsblatt
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: 1 min

The logo of Deutsche Bank is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo Acquire Licensing RightsBERLIN, Dec 4 (Reuters) - Deutsche Bank's supervisory board has tasked its auditor EY with reviewing the Postbank IT integration, which has caused numerous customer complaints due to disruptions, Handelsblatt reported on Monday. The result could result in cuts to bonuses, the newspaper said, citing people familiar with the matter. A Deutsche Bank spokesperson declined to comment on the story. Reporting by Kirsti Knolle; Editing by Linda Pasquini and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Yves Herman, Handelsblatt, Kirsti Knolle, Linda Pasquini, Jan Harvey Organizations: Deutsche Bank, REUTERS, Rights, Deutsche, Thomson Locations: Brussels, Belgium

☆ UK's Cameron to travel to Washington on Dec. 6
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +1 min

British Foreign Secretary David Cameron looks on during a NATO foreign ministers meeting at the Alliance's headquarters in Brussels, Belgium November 28, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsDec 3 (Reuters) - British Foreign Secretary David Cameron will travel to Washington D.C. on Wednesday, Dec. 6, the UK's Foreign, Commonwealth & Development Office (FCDO) said on Sunday in his first visit to the U.S. since taking up the position last month. Cameron will undertake a programme of bilateral meetings with U.S. Secretary of State Antony Blinken, as well as meet Republican and Democratic members of Congress, the FCDO statement said. Cameron, a former British prime minister, will take part in discussions with his U.S. counterparts with a focus on supporting Ukraine in its fight against Russian aggression, the statement said. Reporting by Nilutpal Timsina in Bengaluru; Editing by Sharon SingletonOur Standards: The Thomson Reuters Trust Principles.

Persons: David Cameron, Yves Herman, Cameron, Antony Blinken, Nilutpal, Sharon Singleton Organizations: British, NATO, REUTERS, Washington D.C, Foreign, Commonwealth & Development, U.S, Republican, Democratic, Thomson Locations: Brussels, Belgium, Washington, British, Ukraine, Bengaluru

The logo of a Tesla electric vehicle is placed on a car outside a dealership in Drogenbos, Belgium November 25, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsDec 1 (Reuters) - Tesla shares (TSLA.O) fell about 2% on Friday after the highly anticipated launch of its Cybertruck left analysts concerned about the electric vehicle's steep price tag and a longer wait for significant financial payoff. Musk has said Tesla was likely to reach a production rate of roughly 250,000 Cybertrucks a year in 2025. At $235.45, Tesla was set to lose about $15 billion in market valuation on Friday. "Cybertruck is more of a 'halo' product, in our view, to attract consumers to the brand for the mainstream vehicles Model 3 and Model Y," RBC Capital Markets analyst Tom Narayan said.

Persons: Yves Herman, Elon Musk, Wedbush, Bernstein, Musk, Tesla, Tesla's, Rivian, R1T, Tom Narayan, Samrhitha Arunasalam, Chavi Mehta, Devika Organizations: REUTERS, General Motors, Hummer, RBC Capital, Thomson Locations: Drogenbos, Belgium, Bengaluru

☆ Mercedes-Benz and BMW to establish JV for high-power charging network in China
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +1 min

The logo of Mercedes-Benz is seen outside a Mercedes-Benz car dealer in Brussels, Belgium June 1, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsNov 30 (Reuters) - German automaker Mercedes-Benz (MBGn.DE) said on Thursday it had reached an agreement with BMW (BMWG.DE) to establish a joint venture for operating a high-power charging network in China. At least 1,000 high-power charging stations with around 7,000 charging piles in the country are expected to be installed by the end of 2026, the company said in the statement, adding the deal was subject to regulatory approval. Mercedes-Benz announced earlier this year that it would invest billions of euros in building its own charging network of 10,000 fast-charging points in North America, Europe and China by 2030. Reporting by Ozan Ergenay, Editing by Victoria WalderseeOur Standards: The Thomson Reuters Trust Principles.

Persons: Yves Herman, Ozan Ergenay, Victoria Waldersee Organizations: Mercedes, Benz, REUTERS, BMW, Victoria, Thomson Locations: Brussels, Belgium, China, North America, Europe

"This COP we need to see accelerated action from all parties," Matt Bell, EY Global Climate Change and Sustainability Services Leader, said. The business and finance sectors have long called for a global carbon emissions price that they say would level the playing field for polluters and make the switch to low-carbon more cost-effective. Confidence in voluntary carbon markets has fallen this year as critics question the environmental credibility of projects. "The last 10% of a (corporate) carbon reduction plan will always include some carbon removal credits," Leggett said, adding that "the market needs clarity on what that means." Reporting by Simon Jessop and Tommy Reggiori Wilkes; editing by Barbara LewisOur Standards: The Thomson Reuters Trust Principles.

Persons: Yves Herman, Matt Bell, Bell, Sultan Al Jaber, Virginie Derue, Katherine Dixon, Victoria Leggett, Leggett, Simon Jessop, Tommy Reggiori Wilkes, Barbara Lewis Organizations: REUTERS, United Nations, Sustainability Services, Reuters, ESG Research, AXA Investment, Accenture, Bain & Company, UBP, Thomson Locations: Dunkirk, France, Dubai, COP28, Paris, China, United States

☆ U.S. federal judge rules against Meta in privacy fight with FTC
▼ + stars: | 2023-11-27 | by ( Companies Need To Integrate Climate Reporting Across Functions To Comply With California S New Law | Henry Engler | October | ) www.reuters.com time to read: +1 min

The logo of Meta Platforms' business group is seen in Brussels, Belgium December 6, 2022. The judge ruled that Facebook must face a review of an earlier agreement that it struck with the FTC. Judge Timothy Kelly of the U.S. District Court for the District of Columbia denied a motion filed by Meta for the court to take over the fight. The FTC has argued that it was up to the agency to decide whether its settlements should be changed and that the district court had no jurisdiction. The FTC proposed changing a settlement reached in 2019 which required Facebook to pay $5 billion.

Persons: Yves Herman, Timothy Kelly, Diane Bartz, Angus MacSwan Organizations: REUTERS, Rights, Facebook, U.S . Federal Trade Commission, U.S, District of Columbia, Meta, FTC, Thomson Locations: Brussels, Belgium

Workers at state-owned postal company PostNord joined the strike on Nov. 20 and stopped distributing the license plates to Tesla. The state-run transport agency turned down Tesla's request to pick up the license plates itself and also declined to send them via distribution channels other than PostNord. Tesla sued both PostNord and the transport agency in two separate lawsuits, first reported by Swedish business daily Dagens Industri. It said the refusal to deliver license plates could affect "a large number of consumers who ordered a new car from Tesla". The transport agency confirmed to Reuters on Monday that Tesla had filed a lawsuit, believing the agency had not kept its obligations to deliver Tesla's license plates.

Persons: Yves Herman, PostNord, Tesla, Metall, carmaker, Seko, Marie Mannes, Louise Breusch Rasmussen, Terje Solsvik, Bernadette Baum Organizations: REUTERS, Swedish Transport Agency, U.S, Workers, Dagens, IF Metall, Reuters, Thomson Locations: Drogenbos, Belgium, Swedish, Sweden, U.S

☆ Deutsche Bank sees 12% upside to S&P 500 through 2024-end
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

The logo of Deutsche Bank is seen in Brussels, Belgium December 6, 2022. REUTERS/Yves Herman/File Photo Acquire Licensing RightsNov 27 (Reuters) - Deutsche Bank on Monday forecast the S&P 500 (.SPX) to end next year 12% higher as it expects corporate earnings to remain resilient even if the United States experiences a mild and short recession. Deutsche Bank analysts expect the index to end 2024 at 5,100 points. Deutsche Bank's 2024-end S&P 500 target is 8.5% higher than the 4,700 median forecast of 33 strategists polled by Reuters. "If earnings growth continues to recover as we forecast, valuations will remain well supported around the top of the range as is typical on the pricing in of a pickup in earnings growth," the strategists said.

Persons: Yves Herman, Roshan Abraham, Rashmi Aich, Mrigank Organizations: Deutsche Bank, REUTERS, Deutsche, Reuters, Reserve, BofA, Research, Thomson Locations: Brussels, Belgium, United States, U.S, Bengaluru

☆ Tesla sues Sweden over blocked license plates, business daily DI reports
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

The logo of a Tesla electric vehicle is placed on a car seen outside a dealership in Drogenbos, Belgium November 25, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowCOPENHAGEN, Nov 27 (Reuters) - Tesla (TSLA.O) has filed a lawsuit against the Swedish government's Transport Agency over a workers' strike that has blocked the U.S. auto maker's requests for license plates for new vehicles, business daily Dagens Industri reported on Monday. IF Metall, Sweden's biggest manufacturing union, is locked in a fight with Tesla to get a collective bargaining agreement for its mechanics in Sweden. Members of other unions, including postal workers, dockworkers and cleaners have since joined in a sympathy action, resulting in Tesla not getting license plates distributed, among other things. The Swedish Transport Agency was not immediately available for comment.

Persons: Yves Herman, Tesla, Metall, Louise Breusch Rasmussen, Marie Mannes, Terje Solsvik Organizations: REUTERS, Swedish government's Transport Agency, Dagens, IF Metall, Swedish Transport Agency, Thomson Locations: Drogenbos, Belgium, Swedish, Sweden

☆ Dutch politician Wilders vows 'I will be prime minister' on X
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +2 min

Dutch far-right politician and leader of the PVV party, Geert Wilders gestures as he meets with members of his party at the Dutch Parliament, after the Dutch parliamentary elections, in The Hague, Netherlands November 23, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsAMSTERDAM, Nov 25 (Reuters) - Veteran Dutch anti-Islam politician Geert Wilders on Saturday vowed to be prime minister of the Netherlands eventually, following an election in which his party won the most seats. "Today, tomorrow or the day after, the PVV will be part of government and I will be prime minister of this beautiful country," Wilders wrote. Although Wilders' Freedom Party (PVV) finished well ahead of rivals in the Nov. 22 vote on an anti-immigration platform, his party is forecast to take only 25% of the seats in Dutch parliament. On Friday, the conservative VVD Party of caretaker Prime Minister Mark Rutte, which shares many of Wilders' views on immigration, said it would not participate in a cabinet with him.

Persons: Geert Wilders, Yves Herman, Wilders, Mark Rutte, Dilan Yesilgoz, Pieter Omtzigt, Toby Sterling, Christina Fincher Organizations: REUTERS, Rights, Veteran, Freedom Party, VVD Party, Party, Thomson Locations: The Hague, Netherlands, Veteran Dutch, Dutch

[1/2] Supporters of Dutch far-right politician and leader of the PVV party Geert Wilders react to the exit poll and early results in the Dutch parliamentary elections, in The Hague, Netherlands November 22, 2023. The historic election victory that the PVV achieved on Wednesday exceeded all expectations," Dutch center-right daily NRC said. Congratulations to Geert Wilders on winning the Dutch elections," Orban said late on Wednesday. CONCERNIslamic and Moroccan organisations expressed concerns about Wilders' victory. "The distress and fear are enormous," Habib el Kaddouri, who heads an organisation representing Dutch Moroccans, told Dutch news agency ANP.

Persons: Geert Wilders, Yves Herman Acquire, Viktor Orban, Wilders, Mark Rutte, Pieter Omtzigt, Robert Fico, Giorgia, Orban, Pen, Rutte's, Habib el Kaddouri, party's Omtzigt, Dilan Yesilgoz, wouldn't, Bart Meijer, Charlotte van Campenhout, Anthony Deutsch, Ingrid Melander Organizations: REUTERS, Rights, Hungary's, Freedom Party, Labour, Green, People's Party for Freedom and Democracy, NRC, VVD, Dutch, ANP, Thomson Locations: Dutch, The Hague, Netherlands, EU, Europe, Ukraine, Hague, Slovakia, Italy, France, Moroccan

☆ Dutch shock points to tremors in Europe’s core
▼ + stars: | 2023-11-23 | by ( Rebecca Christie | ) www.reuters.com time to read: +4 min

Dutch far-right politician and leader of the PVV party, Geert Wilders speaks to the press following the exit poll and early results in the Dutch parliamentary elections, in The Hague, Netherlands November 22, 2023. The results add to the sense that Europe’s core is starting to rot. Even if Wilders drops his most radical ideas, mainstream conservatives, who won 24 seats, may have reservations about supporting his cause. The Dutch results, combined with German political turmoil, likely put paid to hopes of a deal on Europe’s fiscal rules by year-end. Europe’s core, the bloc’s lynchpin during the euro zone crisis, is now a shaky foundation.

Persons: Geert Wilders, Yves Herman, Mark Rutte, Wilders, won’t, Giorgia Meloni, ’, Rutte, Neil Unmack, Streisand Neto Organizations: REUTERS, Rights, Reuters, EU, Party, Freedom Party, Labour, Italian, Green, People’s Party for Freedom and Democracy, Thomson Locations: The Hague, Netherlands, Rights BRUSSELS, Wednesday’s, Hague, Europe, Ukraine, Israel, France, Germany, Dutch, Belgium

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