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☆ Infineon shares slump on Q4 warning, eyes Malaysia expansion
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +3 min

Infineon forecast revenue of around 4 billion euros ($4.37 billion) in the fourth quarter, below expectations of 4.14 billion euros, according to IBES data from Refinitiv. The company, however, confirmed its revenue outlook of around 16.2 billion euros, which it had raised in May. Infineon's third-quarter adjusted result was down 10% from the previous quarter at 1.067 billion euros, while its margin came in slightly lower than expected, at 26.1%. MALAYSIA FACTORYInfineon said it will invest 5 billion euros over the next five years to build a power chip plant in Malaysia, on top of the 2 billion euros investment it had planned last year. For the full year, Infineon expects investments amounting to approximately 3 billion euros.

Persons: Robert Habeck, Annalena Baerbock's, Annegret, Gartner, Jochen Hanebeck, Infineon's, China's Cherry, Miranda Murray, Christina Amann, Friederike Heine, William Mallard, Kim Coghill Organizations: Infineon Technologies, REUTERS, Infineon, AMD, Qualcomm, JPMorgan, Semiconductor, MALAYSIA, Ford, SAIC, Thomson Locations: Dresden, Germany, Malaysia, Refinitiv, Infineon's, Villach, Austria, German

☆ Major global firms warn of slow China sales as post-pandemic surge fades
▼ + stars: | 2023-08-02 | by ( ) www.reuters.com time to read: +4 min

Aug 2 (Reuters) - From consumer goods giant Unilever (ULVR.L) to automaker Nissan (7201.T) and machinery maker Caterpillar (CAT.N), global firms have warned of slowing earnings in China as the world's second-largest economy loses its post-pandemic bounce. A continued rebound has been limited to a handful of sectors such as dining and luxury goods, driving double-digit China sales growth for the likes of Starbucks (SBUX.O) and LVMH (LVMH.PA). Volkswagen (VOWG_p.DE) cut its full-year sales target last week due to a sales dip in China, its top market. "Unfortunately, our (China) sales outlook is now falling far below our production capacity," Nissan CEO Makoto Uchida said last week. "We mentioned during our last earnings call that we expected sales in China to be below the typical 5% to 10% of our enterprise sales.

Persons: Graeme Pitkethly, we're, Makoto Uchida, Jim Umpleby, Jacob Stausholm, Louis Vuitton, Tiffany, Jean, Jacques Guiony, Mimosa Spencer, Sophie Yu, Brenda Goh, Richa Naidu, Melanie Burton, Daniel Leussink, Victoria Waldersee, Miranda Murray, Rishav Chatterjee, Deborah Sophia, Ananya Mariam Rajesh, Yuvraj Malik, Miyoung Kim, Christopher Cushing Organizations: Unilever, Nissan, Caterpillar, Starbucks, Procter, Gamble, L'Oreal, Global, Volkswagen, Samsung, SK Hynix, Apple, Rio Tinto, Tinto, Yum, HK, KFC, Kailyn, Thomson Locations: China, KS, Rio, Yum China, Kailyn Rhone, New York, Paris, Beijing, Shanghai, London, Melbourne, Tokyo, Victoria, Berlin, Bengaluru

☆ Bosch opens chip test centre in Malaysia
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: 1 min

BERLIN, Aug 1 (Reuters) - Robert Bosch (ROBG.UL) has opened a new test centre for chips and sensors in Malaysia for 65-million-euro ($71.62 million) and plans to invest a further 285 million euros by the middle of next decade, the German technology group announced on Tuesday. Up to 400 jobs will be created by the mid-2030s, it added. Bosch currently carries out most of the final testing of its semiconductors from its factories in the German cities of Reutlingen, Germany, Suzhou, China and Hungary. Those locations will be joined by the new test centre in Penang, for which Bosch is receiving funding from Malaysia. ($1 = 0.9075 euros)Reporting by Ilona Wissenbach, Writing by Miranda Murray; Editing by Riham AlkousaaOur Standards: The Thomson Reuters Trust Principles.

Persons: Robert Bosch, Bosch, Ilona Wissenbach, Miranda Murray, Riham Organizations: Bosch, Thomson Locations: Malaysia, Reutlingen, Germany, Suzhou, China, Hungary, Penang

You'll want to know how to watch the UFC 291 live stream tonight, July 29. We'll also guide you step-by-step on how to use a VPN to watch UFC 291, no matter where you are. If you're not in the US, you still have a few options to watch UFC 291. In Canada, UFC 291 will be available as a pay-per-view through most TV providers and directly via UFC Fight Pass. UFC 291 Fight Card: Poirier vs. Gaethje 2Main Card — 10 p.m.

Persons: Dustin Poirier, Justin Gaethje, Poirier, Gaethje, Jan Blachowicz, Alex Pereira, We'll, CEST, McGregor, ExpressVPN, Stephen Thompson, Michel Pereira, Tony Ferguson, Bobby Green, Michael Chiesa, Kevin Holland, Gabriel Bonfim, Trevin Giles, Derrick Lewis, Marcos Rogerio De Lima, Claudio Ribeiro, Jake Matthews, Darrius, CJ Vergara, Vinicius Salvador, Matthew Semelsberger, Uros Medic, Miranda Maverick, Priscila Organizations: UFC, Delta Center, ESPN, ABC, TNT Sports, Amazon, Apple, PlayStation, Samsung, BT, BT Sport, You'll, LG, AEST Locations: Salt Lake City , Utah, Canada, Australia, New Zealand, Germany, Italy, Spain, Poland, Switzerland, Asia, Africa, Brazil

☆ Cardi B threw her microphone at a concertgoer who tossed drink at her while performing on stage
▼ + stars: | 2023-07-30 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Audience members at concerts in recent months have continued a pattern of throwing objects at artists who are on stage performing, and rapper Cardi B has had enough. In the clip, Cardi B is seen getting splashed with liquid from the cup while performing her 2018 hit “Bodak Yellow.” Clearly upset, she reacted immediately by throwing her microphone into the crowd as security guards rushed to the stage. In another video posted to TikTok on Saturday, Cardi B is seen throwing her microphone at a DJ who appeared to cut off her song early during a performance at Drai’s Nightclub on Friday. CNN has reached out to a representative for Cardi B for comment. Last week, Monica jumped off the stage after witnessing someone allegedly assault a female audience member in the crowd at her Detroit show.

Persons: Cardi, Drake, Kelsea Ballerini, Harry Styles, Bebe Rexha –, Monica, Miranda Lambert, CNN’s Abby Phillip, ” “ Organizations: CNN, WAP, Drai’s Beach, Cardi Locations: Las Vegas, Detroit

☆ Ed Sheeran, Lana Del Rey and more celebs are popping up in surprising spaces
▼ + stars: | 2023-07-29 | by ( Lisa Respers France | ) edition.cnn.com time to read: +4 min

So why are stars with the means to hide away suddenly out and about in unexpected public places? Something to sip on…David Letterman visits a Hy-Vee store in Iowa on Friday, July 21, 2023. From Hy-VeeDavid Letterman could totally have been forgiven for visiting Des Moines, Iowa, recently and staying in his hotel room. Instead, the former late-night host was bagging groceries at a Hy-Vee grocery store and using his famous voice on the store’s PA system. “Yellowstone” creator Taylor Sheridan has recruited some heavy hitters for his action thriller series “Special Ops: Lioness,” about a special forces unit led by a tougher-than-nails CIA operative named Joe played by Zoe Saldaña.

Persons: Keyser, ”, David Letterman, Vee David Letterman, Letterman, Rahal Letterman Lanigan, Lana Del Ray, “, Ed Sheeran, Symoné, Rodin Eckenroth, Miranda Maday, Keke Palmer, Carly Rae Jepsen, Mike Pont, Carly Rae Jepsen’s, it’s, Jepsen, “ It’s, “ There’s, Can’t, … Zoe Saldana, Joe, Greg Lewis, Taylor Sheridan, Zoe Saldaña, Nicole Kidman, Morgan Freeman Organizations: CNN, Hy, Vee, Waffle, Air & Space Museum, Getty, Paramount, Yellowstone Locations: Iowa, Des Moines , Iowa, ”, Alabama, Nashville, Los Angeles , California, America, New York City

☆ Carrier ablaze off Dutch coast carrying almost 500 electric cars
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, July 28 (Reuters) - The car carrier burning off the Dutch coast since Tuesday night is carrying nearly 500 electric vehicles, ship charter company "K" Line said on Friday, significantly more than the 25 initially reported by the coastguard. There were 3,783 vehicles on board, including 498 battery electric vehicles, a Tokyo-based spokesperson for K Line (Kawasaki Kisen Kaisha), which had chartered the vessel, said. He declined to say anything about the car brands, including whether or not it included any cars from Japanese manufacturers. An investigation has been launched by the Panama Maritime Authority and the Netherlands is assisting the inquiry, the Dutch Safety Board has said. The 199-metre (653 ft) Fremantle, which is still burning, is drifting about 17 km from the northernmost Dutch coast, the coastguard said.

Persons: Miranda Murry, Daniel Leussink, Marine Strauss, Anthony Deutsch, Tassilo Hummel, Philippa Fletcher Organizations: coastguard, Panamanian, Fremantle Highway, K Line, Kawasaki, RTL, Panama Maritime Authority, Dutch Safety, Fremantle, Thomson Locations: AMSTERDAM, Tokyo, Dutch, Netherlands, Germany, Egypt, Wadden, Denmark

☆ Fire on car carrier ablaze off Dutch coast now less intense
▼ + stars: | 2023-07-28 | by ( ) www.reuters.com time to read: +2 min

AMSTERDAM, July 28 (Reuters) - The fire which has been burning on a car carrier off the Dutch coast has lessened in intensity and salvagers have been able to board the ship to secure stronger tow lines, authorities said on Friday. Smoke rises as a fire broke out on the cargo ship Fremantle Highway, at sea on July 26, 2023. The Dutch coastguard said on its website on Thursday that the cause of the fire was unknown, but an emergency responder is heard in a recording released by Dutch broadcaster RTL saying, "The fire started in the battery of an electric car". An investigation has been launched by the Panama Maritime Authority and the Netherlands is assisting the inquiry, the Dutch Safety Board has said. The 199-metre (653-ft) Fremantle is drifting about 17 km from the northernmost Dutch coast, the coastguard said.

Persons: Miranda Murry, Daniel Leussink, Geert De Clercq, Marine Strauss, Anthony Deutsch, Tassilo Hummel, Philippa Fletcher, Leslie Adler Organizations: Panamanian, Fremantle Highway, Fremantle, Ship, Coastguard, REUTERS, K Line, Kawasaki, Dutch coastguard, RTL, Panama Maritime Authority, Dutch Safety, coastguard, Thomson Locations: AMSTERDAM, Coastguard Netherlands, Dutch, Netherlands, Fremantle, Germany, Egypt, Wadden, Denmark

Summary German inflation falls modestly in JulyStronger declines expected starting in SeptemberCore inflation easesBERLIN, July 28 (Reuters) - German inflation fell in July, resuming the decline since the start of the year that was interrupted the previous month due to the base effects in June's data. Although inflation fell in July, economists called the pace of decline sluggish mainly due to the comparison with last year. By comparison, inflation fell to 5.0% in France and it rose to 2.1% in Spain. Italian and euro zone inflation data is due on Monday. Economists polled by Reuters expect euro zone inflation to fall to 5.2% in July from 5.5% in June.

Persons: Ralph Solveen, Thomas Gitzel, Maria Martinez, Miranda Murray, Rachel More, Sharon Singleton Organizations: Union, Analysts, Reuters, European Central Bank, VP Bank Group, ECB, Thomson Locations: BERLIN, France, Spain, Germany

☆ VW cuts 2023 deliveries outlook, aims to boost cash flow
▼ + stars: | 2023-07-27 | by ( ) www.reuters.com time to read: +3 min

Supply of key components such as semiconductors had improved but transport and logistics delays weighed on the first half, Volkswagen said. Still, it expected significantly shorter waiting times in the second half and said demand was stable with order books full at 1.65 million vehicles. Reuters GraphicsWorldwide, the Volkswagen Group delivered 2.3 million vehicles in the period from April to June, 18% more than in the same period last year. The focus for the second half is now on strengthening net cash flow," said Chief Financial Officer Arno Antlitz. In May, Volkswagen said it had sold its shares in Volkswagen Group Rus to Art-Finance, which is supported by autodealer group Avilon.

Persons: DAX, Arno Antlitz, Cupra, Miranda Murray, Rachel More, David Goodman Organizations: VW, BERLIN, Volkswagen, Benz, Renault, Graphics Worldwide, Volkswagen Group, VW Commercial Vehicles, Skoda, Audi, Lamborghini, Bentley, Ducati, Reuters Graphics Reuters, Rus, Art, Finance, Victoria, Thomson Locations: Kaluga

SummaryCompanies Group EBIT outlook raised to 20.5 bln eurosQ2 EBIT beats Refinitiv forecast at 5 bln eurosGlobal economy still subdued, monetary policy to weighSupply chain 'noticeably improved', inventory building upBERLIN, July 27 (Reuters) - Mercedes-Benz (MBGn.DE) forecast a subdued world economy with monetary policy weighing on consumers but said supply chain issues and energy price pressures were easing, as it raised its group earnings outlook for the full-year. The supply chain was "noticeably improved", Mercedes-Benz said, in contrast to Porsche (P911_p.DE) which said in results on Wednesday it was struggling weekly with supply chain problems particularly on key components for EVs. Still, the outlook for the Mercedes-Benz cars segment of 12%-14% returns on unit sales and revenue at prior level remained unchanged, but property, plant and equipment as well as research and development expenditures will rise, the company said. Mercedes-Benz Vans' outlook for adjusted return on sales was raised to 13% to 15% in 2023, up from 11% to 13% previously forecast, marking the second outlook upgrade in less than three months after a significant increase in sales in the second quarter. Reporting by Victoria Waldersee; Editing by Miranda Murray and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Benz, Victoria Waldersee, Miranda Murray, Miral Organizations: Benz, Porsche, EVs, Mercedes, Thomson Locations: BERLIN, China, Europe, Asia, North America

☆ ‘And Just Like That …’ Episode 7 Fashion: Aidan’s Return
▼ + stars: | 2023-07-27 | by ( The Styles Desk | ) www.nytimes.com time to read: +1 min

This article contains spoilers for Episode 7 of the second season of “And Just Like That …”He’s back — and he is free for dinner on Valentine’s Day. It seems the man with the ripped T-shirt who loved a cabin upstate has developed a certain polish with age. At the same time, others are also having their own Valentine’s Day celebrations: Miranda (Cynthia Nixon) meets a new love interest in Amelia (Miriam Shor). Nya (Karen Pittman) embraces her single-dom, and Charlotte (Kristin Davis) lands herself in the emergency room after a bad run-in with pot brownies. Ahead of Episode 7, members of The New York Times Styles desk chatted about the dresses, slippers and love letters to New York on display in the latest installment of the series.

Persons: Aidan, John Corbett, ”, Miranda, Cynthia Nixon, Miriam Shor, Nya, Karen Pittman, Kristin Davis, The New York Times Styles Organizations: Charlotte, The New York Times Locations: New York

☆ Taiwan's Foxconn to take 50% stake in ZF axle system unit
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

BERLIN, July 24 (Reuters) - Taiwan's Foxconn (2317.TW) will acquire a 50% stake in ZF Group's (ZFF.UL) axle system assembly unit, creating a joint venture aimed at growing automotive and supply chain opportunities, the companies said on Monday. The joint venture with Foxconn is part of ZF's strategy to grow specific business areas beyond current limits with external partners' support, the German company's chief executive, Holger Klein, told Reuters. "This business can grow very quickly, but it has relatively low margins. It needs fresh capital," which is why ZF had been looking for a partner, said Klein. The joint venture agreement is expected to become effective within six to nine months of signing pending regulatory approvals.

Persons: Foxconn, Holger Klein, Klein, Alexander Huebner, Friederike Heine, Miranda Murray, Rachel More Organizations: ZF Group's, Foxconn, Reuters, ZF, Thomson Locations: BERLIN, Berlin, Munich, China

☆ Marijuana farmers in Colombia push government to find a place for them
▼ + stars: | 2023-07-24 | by ( Stefano Pozzebon | ) edition.cnn.com time to read: +11 min

Cajibio CNN —On a recent Friday morning, about 200 coca and marijuana farmers gathered in the small town of Cajibio, southwestern Colombia, to hear the government out. More than 200,000 farmers of drug crops live in criminality in Colombia because their harvest is illegal, according to COCCAM, a workers’ union representing farmers involved in cocaine and marijuana production. Meeting between Colombia's government and drug farmers in Cajibio. Opponents of legal marijuana, like rightwing opposition leader German Vargas Lleras, say legal weed would only push more people into drug consumption, and celebrated the collapse of the latest regulation effort. “This is not about me or you getting high, it’s about the farmers and the producers,” Miranda told CNN.

Persons: Gloria Miranda, Yulier Lopez, Lopez, Ivan Duque, Cajibio, “, Stefano Pozzebon, Gustavo Petro, Petro, Juan Carlos Losada, ” Losada, Losada, German Vargas Lleras, ”, ” Lopez, Luis Cunda, Cunda, Colombia Stefano Pozzebon, CNN Cunda, Miranda, ’ Chris Alexander, ” Miranda, Nestor Osuna Organizations: CNN, Justice Ministry, Colombian, Liberal, ’, Human Rights Watch, New, Losada Locations: Cajibio, Colombia, UNODC, Colombian, CNN Colombian, Colombia’s Cauca, COCCAM, Cauca, ‘, Miranda, Caloto, United States, Uruguay, Latin America, Denver, Colorado, New York State, Bogota

☆ Miranda Lambert laughs at ‘Shoot tequila, not selfies’ shirt
▼ + stars: | 2023-07-24 | by ( Lisa Respers France | ) edition.cnn.com time to read: 1 min

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☆ With Just a 5 Percent Down Payment, What Would $650,000 Buy in Bed-Stuy?
▼ + stars: | 2023-07-20 | by ( Debra Kamin | ) www.nytimes.com time to read: +3 min

Bed-Stuy feels like a smaller universe within the larger New York City.”Mx. Saving to buy a home, which had felt like fantasy before the pandemic, suddenly felt possible. Haymon returned to Bed-Stuy, they were able to rent a two-bedroom with a balcony for $2,350 a month — a “Covid deal” that wouldn’t last forever. They reached out to Dalia Glazer, a real estate agent with Compass, and explained that they could spend up to $650,000 — as long as the down payment was only 5 percent. “I couldn’t go above 5 percent for a down payment,” Mx.

Persons: Miranda Haymon, “, Haymon, ”, Dalia Glazer, Ms, Glazer Organizations: North Brooklyn ., Wesleyan University, Compass, ” Locations: New York City, Bedford, Stuyvesant, North Brooklyn, Boston, Connecticut, New York, Midtown Manhattan

☆ Opinion | ‘And Just Like That,’ Everyone Is Part of the 1 Percent
▼ + stars: | 2023-07-15 | by ( Jessica Grose | ) www.nytimes.com time to read: +3 min

Carrie (Sarah Jessica Parker) was often cash poor because she spent her writer’s income on things like expensive shoes. At one point, she got into money trouble after a breakup and had to rely on her friend Charlotte (Kristin Davis) to bail her out. Let’s be clear: These women were always quite privileged — perpetually sipping pricey cosmopolitans in the greatest city in the world. But in the original series, they had to work for a living, and sometimes they had to worry about money. We see Miranda logging long hours in the office, Samantha courting prospective clients and Charlotte showing the latest art to potential buyers.

Persons: ” Miranda isn’t, Samantha, Kim Cattrall, Carrie, Sarah Jessica Parker, Charlotte, Kristin Davis, Miranda, We’re, Big, Chris Noth, ” Carrie, podcaster, can’t, — Organizations: City Locations: Charlotte

☆ A Breakup That Was the Best Thing to Happen to Them
▼ + stars: | 2023-07-14 | by ( Sadiba Hasan | ) www.nytimes.com time to read: +1 min

“There was just this huge portion of my life where the way that I loved was the source of my self-hatred,” Mr. Archuleta said. Something Blue Mr. Archuleta’s godmother’s son died six weeks before the wedding. “My nina was in my ring and my cousin was on my wrist,” Mr. Archuleta said. (Mr. Archuleta’s mother, Deborah Archuleta, who has come to accept and support her son’s identity, was also present, as was Mr. Jones’s mother, Helen Amburn-Jones.) “It was reminiscent of a ceremony you might see during Easter to symbolize our history,” Mr. Archuleta said.

Persons: Miranda Odom, ” Mr, Archuleta, Archuleta’s, “, Mr, Jones, Archuleta’s godmother’s, nina, Jones’s, Tony Jones, Deborah Archuleta, Helen Amburn Organizations: Universalist Church of America Locations: Albuquerque, Denver, Arizona

☆ German cabinet to pass China strategy on Thursday - government sources
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +1 min

BERLIN, July 12 (Reuters) - The German cabinet is to pass its long-promised China strategy on Thursday, two government sources told Reuters, after Chancellor Olaf Scholz's government last year ordered a review of how Germany interacts with its biggest trade partner. Scholz has repeatedly emphasised "de-risking" Germany's relationship to China, viewed by Berlin as an increasingly assertive competitor and strategic rival, thereby reducing dependencies on the country gradually rather than decoupling from the Chinese market. Among the changes under consideration are export controls, as well as the screening of investments by German companies doing business in China to protect the flow of sensitive technology and know-how. Germany's VDMA engineering industry association released a statement on Wednesday outlining its stance on the government's forthcoming strategy. "There must be no intervention in the export business or isolation from China," said VDMA President Karl Haeusgen.

Persons: Chancellor Olaf Scholz's, Scholz, Karl Haeusgen, Andreas Rinke, Friederike Heine, Miranda Murray, Nick Macfie Organizations: Greens, Thomson Locations: BERLIN, China, Germany, Berlin

☆ Germany publishes new strategy on 'increasingly assertive' China
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +3 min

[1/3] The flags of Germany and China are seen ahead of a meeting between German Chancellor Olaf Scholz and Chinese Premier Li Qiang in Berlin, Germany, June 19, 2023. REUTERS/Fabrizio BenschBERLIN, July 13 (Reuters) - Germany published its long-awaited China strategy on Thursday, which took stock of an "increasingly assertive" Beijing and outlined possible responses such as outbound investment controls on cutting-edge technology with military use. However, it was also increasingly assertive in its attempts to change the rules-based international order with consequences for global security. Germany would expand its close relations with Taiwan while continuing to adhere to the "One China policy", which recognises the government of the People's Republic of China as the sole legal government of China. On the economy, the strategy outlined proposals to reduce critical dependencies on China, in line with what has previously been agreed by the European Union.

Persons: Olaf Scholz, Li Qiang, Fabrizio Bensch BERLIN, Chancellor Olaf Scholz's, Sarah Marsh, Andreas Rinke, Matthias Williams, Friederike Heine, Miranda Murray, Rachel More, Alex Richardson Organizations: REUTERS, European, Volkswagen, BASF, BMW, Government, Thomson Locations: Germany, China, Berlin, Beijing, West, Russia, Taiwan, People's Republic of China

☆ Swiss Re nominates new chairman after Ermotti goes to UBS
▼ + stars: | 2023-07-12 | by ( ) www.reuters.com time to read: +1 min

FRANKFURT, July 12 (Reuters) - The insurer Swiss Re (SRENH.S) said on Wednesday that it planned to promote its deputy chairman Jacques de Vaucleroy to the role of permanent chairman of the board after his predecessor Sergio Ermotti resigned to lead UBS. The reshuffle is part of the continuing fallout from Swiss authorities' rescue of Credit Suisse in a shotgun merger with UBS and new management at the helm. De Vaucleroy, a Belgian previously with management roles at the French insurer AXA (AXAF.PA) and the Dutch bank ING (INGA.AS), has been acting as chairman since Ermotti left the chairmanship in April. Following the board's nomination, de Vaucleroy will stand for election as chairman in April at the company's annual general meeting. Reporting by Tom Sims and Oliver Hirt Editing by Miranda MurrayOur Standards: The Thomson Reuters Trust Principles.

Persons: Jacques de Vaucleroy, Sergio Ermotti, De Vaucleroy, Ermotti, Vaucleroy, Tom Sims, Oliver Hirt, Miranda Murray Organizations: Swiss, UBS, Credit Suisse, AXA, ING, Swiss Re, Thomson Locations: FRANKFURT, Belgian, Dutch

☆ Mercedes sales rise in Q2 on top-end, electric vehicles
▼ + stars: | 2023-07-11 | by ( ) www.reuters.com time to read: +1 min

Companies Mercedes Benz Group AG FollowBERLIN, July 11 (Reuters) - Mercedes-Benz Group (MBGn.DE) sales in the second quarter rose 6% year-on-year - a total of 515,700 vehicles - on the back of demand for all-electric and top-end vehicles, the German carmaker said on Tuesday. Sales grew in all the carmaker's main regions - Europe, Asia and North America - with deliveries in Germany up 23%, while China was up by 12% and the United States by 6%. In the rest of the world, second-quarter sales fell 12% to 20,700 vehicles. Electric vehicles conitnued to be the main growth driver in the quarter, with passenger cars sales growing 123%, to reach 56,300 units. The top-end segment - which includes models such as AMG, Maybach and G-class - also posted solid growth of 12% for the period.

Persons: carmaker, Miranda Murray, Friederike Heine Our Organizations: Mercedes Benz Group, BERLIN, Benz Group, ., Maybach, Thomson Locations: Europe, Asia, North America, Germany, China, United States

☆ Concert season is so weird right now
▼ + stars: | 2023-07-08 | by ( Lisa Respers France | ) edition.cnn.com time to read: +5 min

Which “hurls” us into this week’s newsletter…Something to sip on…Pink performs on stage during a concert in Vienna, on July 1. ALEX HALADA/AFP via Getty Images“No home training.” – That’s what my late grandmother would have said about people who are throwing things at artists during concerts these days. Because clearly, if you are throwing things during a concert, you want to be a part of the performance. The married couple have a new weekly podcast, “The Best Podcast Ever.” Part of iHeartMedia’s Outspoken series, the project aims to amplify voices throughout the LGBTQ+ community. “The Best Podcast Ever” debuts July 10.

Persons: Pink, ALEX HALADA, ”, Lil Nas, Bebe Rexha, wilding, You’re, Tik tok, don’t, Charlie Puth, Adele, … Harrison Ford, Indiana Jones, That’s, ” “ Oppenheimer, Barbie ”, “ Barbie, Miranda Maday, Valerie Macon, Symoné, Miranda Pearman, “, Count, … Andrew Ridgeley, George Michael, Wham, Andrew Ridgeley, It’s, Michael Organizations: CNN, Getty, Lucasfilm, BEST, Netflix, Wembley Locations: Vienna, AFP, Stockholm, New York City, Vegas, Beverly Hills, China, England

A lawyer for Woehrmann said DWS' internal investigations "did not reveal any evidence of misconduct on the part of my client". A spokesperson for prosecutors in Frankfurt, where DWS is headquartered, would only say an individual was targeted but would not name the person. DWS declined to comment on Woehrmann, but has said that it stands by its financial disclosures and fund prospectuses and is cooperating with investigators. At present, we cannot estimate when and how the proceeding of the Frankfurt Public Prosecutor’s Office will be concluded," DWS said. Woehrmann resigned as CEO of DWS last year after German prosecutors raided the offices of DWS and Deutsche Bank in Frankfurt over the allegations.

Persons: DWS's, Asoka Woehrmann, Patrizia, Woehrmann, DWS, BaFin, Matthias Inverardi, Miranda Murray, Sabine Wollrab, Susan Fenton, Louise Heavens Organizations: Deutsche Bank, Frankfurt Public, U.S . Securities, Exchange Commission, Thomson Locations: FRANKFURT, Frankfurt

☆ German economy faces uphill climb as industrial output falls
▼ + stars: | 2023-07-07 | by ( ) www.reuters.com time to read: +1 min

BERLIN, July 7 (Reuters) - A swift economic recovery for Germany appeared less likely on Friday as data showed a surprise fall in industrial production. Output fell by 0.2% in May compared with the previous month, the federal statistical office said. The industrial production data was a reminder of the uphill climb in Europe's biggest economy if it is to shake off recession, after a surprise increase in May orders fuelled some optimism on Thursday. "We may just see stagnation in the second quarter, but much more likely a renewed decline in economic output," he added. The office offers a breakdown of the data on industrial production on its website.

Persons: Carsten Brzeski, Brzeski, Jens, Oliver Niklasch, Anna Mackenzie, Rene Wagner, Rachel More, Miranda Murray Organizations: Reuters, ING, Thomson Locations: BERLIN, Germany, Ukraine

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