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☆ China to unveil J-35A stealth fighter jet as air force aims to match US aerial power
▼ + stars: | 2024-11-05 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +4 min

China’s J-20 stealth fighter entered service in 2017, officials said at the time. Stealth fighters are those that are designed to evade radar and other monitoring to conduct missions without being detected or intercepted. It’s not clear when the new J-35A fighter would be commissioned into military use and where the fighters would be deployed. China’s development of stealth fighters has for years been dogged by accusations that it stole crucial stealth fighter technology from the US. The J-35A is a “new type of stealth fighter jet independently developed by Aviation Industry Corporation of China (AVIC),” a Chinese military affiliated outlet said this week.

Persons: China’s, Li Li, ”, It’s, Carl Schuster, ” Schuster, Der Spiegel, Edward Snowden, Niu Wenbo, Russia’s Su Organizations: Hong Kong CNN, Janes, People’s Liberation Army, PLA, Air Force, Pacific Command’s Joint Intelligence Center, PLA Navy, US National Security Agency, Aviation Industry Corporation of China Locations: Hong Kong, Zhuhai, States, Asia, China, Beijing, German

The Israeli prime minister was engulfed in scandal Monday over a case involving one of his aides that has sent shockwaves across the country. The firestorm — brought into public view when an Israeli court loosened a gag order Sunday night — has enraged Netanyahu's political opponents and hostage families. Palestinians fill containers with clean water in the midst of the devastation in Beit Lahia, northern Gaza on Sunday. The Israeli leader faced mounting outrage from hostage families and much of the country's public over his failure to agree to a cease-fire deal. Prime Minister of Israel Benjamin Netanyahu during the United Nations General Assembly in New York on Sept. 27.

Persons: Benjamin Netanyahu, —, Netanyahu, Shin, Eliezer Feldstein, Feldstein, Israel Benjamin Netanyahu, Pamela Smith, Benny Gantz, it’s, Yair Lapid, Lapid Organizations: Rishon, Zion, Israel Defense Forces, Israel Security Agency, AFP, Getty, NBC, Chronicle, Jewish, NBC News, Military Intelligence Directorate, United Nations General Assembly, AP Locations: Gaza, Beit Lahia, London, Egypt, Israel, Philadelphi, New York, Netanyahu's

CNN —Israeli police have arrested a top aide to Prime Minister Benjamin Netanyahu over allegedly leaking classified information to foreign media. Opposition leaders say the intelligence was “faked,” and part of a ruse to thwart a ceasefire and hostage deal in Gaza. Protesters in Tel Aviv call on Netanyahu to strike a deal to release hostages held in Gaza, in late October. The next day, Netanyahu held a news conference and presented an alleged Hamas document he said was found in a tunnel in Gaza. “This affair came out of the Prime Minister’s own office, and the investigation must examine if it wasn’t at the Prime Minister’s orders.”Dana Karni and Mike Schwartz contributed to this report.

Persons: Benjamin Netanyahu, “, Netanyahu, Eliezer Feldstein, Feldstein, Yair Lapid, Jack Gue3z, ” Netanyahu, ”, Zwigenberg, Yair Netanyahu, Daniel Hagari, Sinwar, Bild, Yahya Sinwar, Gil Cohen, Benny Gantz –, Gantz, Lapid, ” Lapid, ” Dana Karni, Mike Schwartz Organizations: CNN, Minister’s, Protesters, Getty, Jewish Chronicle, Hamas, Magen, Israel Defense Forces Locations: Gaza, Tel Aviv, AFP, United Kingdom, Germany’s, Israel, Egypt, Sinai, Iran, Yemen, Philadelphi

☆ Germany's government is on the brink of collapse — here’s what could happen now
▼ + stars: | 2024-11-04 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +4 min

Holger Schmieding, chief economist at Berenberg, noted that the three coalition partners have been acting "as if they were preparing to campaign against each other soon." Separately, the Green party's Robert Habeck, who is Germany's economy minister, proposed a policy plan to stimulate business investment that was criticized by the FDP. The Lindner paperAnother escalation took place on Friday, when Finance Minister Christian Lindner published a paper about reviving the struggling German economy. "The paper reads like a serious attempt to analyze Germany's problems and propose solutions. A hotly contested budgetA recent key issue within the coalition has been Germany's budget for 2025 — a topic that also features heavily in Lindner's paper.

Persons: Christian Lindner, Robert Habeck, Olaf Scholz, Sean Gallup, Chancellor Olaf Scholz's, Carsten Brzeski, Holger Schmieding, Scholz, Lindner, Greg Fuzesi, Morgan, Fuzesi, Berenberg's Schmieding Organizations: Climate, Bundestag, Getty, Chancellor Olaf Scholz's Social Democratic Party, SPD, Greens, Free Democratic Party, ING, FDP, Green, ZDF Locations: Berlin, Germany

☆ European leaders breathe a sigh of relief as pro-EU candidate wins Moldova election
▼ + stars: | 2024-11-04 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +3 min

The second round of voting pitted incumbent Maia Sandu against her Russia-backed Party of Socialists opponent Alexandr Stoianoglo, after neither candidate won a majority in the first round last month. With 99.9% of the responses at the poll counted on Monday morning, Sandu won 55.4% of the vote, compared to the 44.6% of Stoianoglo, according to Moldova's Central Electoral Commission. France will continue to stand beside Moldova on its European path," according to a CNBC translation. Ursula von der Leyen, president of the European Commission, likewise praised Maia Sandu, stating on X that "it takes a rare kind of strength to overcome the challenges you've faced in this election. I'm glad to continue working with you towards a European future for Moldova and its people."

Persons: Maia Sandu, Alexandr Stoianoglo, Sandu, we've, Olaf Scholz, Emmanuel Macron, Sandu's, Ursula von der Leyen, you've, I'm Organizations: Electoral Commission, Moscow, CNBC, European Commission Locations: Soviet, Russia, Moldova, Ukraine, Romania, Europe, Georgia, Russian, Republic of Moldova, France

☆ Delphi murders suspect confessed to crimes in prison
▼ + stars: | 2024-11-04 | by ( Zoe Sottile | Jean Casarez | ) edition.cnn.com time to read: +9 min

Prosecutors say Allen actually confessed over 60 times to the murders while in prison, to his wife, his mother, family members, the prison warden, the psychologist who treated him in prison, other prison employees and other inmates. The jury on Thursday heard recordings of seven prison phone calls Allen made to his wife and mother, according to WTHR. Monica Wala, the prison psychologist who treated Allen at Westville Correctional Facility, testified for the prosecution that he confessed to the crimes multiple times, once in great detail, according to WTHR. He also spoke about wanting to go back and change his actions and apologize to the families, Wala testified. He had a serious mental health history and had experienced both major depressive disorder and anxiety disorder, Wala testified during cross-examination.

Persons: CNN — “, Abby, Libby, Richard Allen, Allen, Abigail “ Abby ” Williams, Liberty “ Libby, “ Honey, ”, WTHR, “, we’ve, ‘, Monica Wala, I’m, Wala, –, John Galipeau, Galipeau, Michael Clemons, Richard Matthew Allen, Michael Conroy, Deanna Dwenger, Brad Rozzi, ” WTHR, Frances Gull, Odinism, Gull, Tobe Leazenby, Darrell Sterrett, Stacy Bozinovski, Bozinovski, Jennifer Auger, “ Richard Allen Organizations: CNN, WTHR, Prosecutors, Liberty, Westville Correctional Facility, WRTV, CVS, Courthouse, AP Defense, Indiana Department of Corrections Behavioral Health, ”, Delphi Locations: Allen, an Indiana, Delphi , Indiana, Delphi, Westville, Wala, Carroll

☆ How athletes turned entrepreneurs optimize payments for their sports retail businesses
▼ + stars: | 2024-11-04 | by ( Sponsored Paypal | ) www.businessinsider.com time to read: +4 min

Cricket player Jamie Harvey and foosball player Oke Harms turned their love of sport into business. German national foosball player Oke Harms launched his online store Kickerkult.de in 2008 to serve fellow foosball enthusiasts with equipment and training. "The beginning of the business was pretty hard because it was uncommon at that time to order a foosball table online," Harms said. Cricket-Hockey has seen success by offering its customers flexible payment options, such as PayPal Pay Later, which helped sales grow over time. "PayPal gives our customers many payment methods, whether they shop online or in-store," Harms said.

Persons: Jamie Harvey, Oke Harms, Harvey, Harms, it's, Ose Harms, Sophie Wedgwood, " Harms, Kickerkult, 1Available Organizations: Cricket, Hockey, Southern Premier League, PayPal, Insider Studios

☆ China and Europe's EV fight just stepped up a notch
▼ + stars: | 2024-11-04 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

China said it plans to sue the European Union after the bloc cracked down on its EV giants. The EU imposed sweeping tariffs on Chinese EV companies, including BYD, last week. The measures have raised fears that China might retaliate by slapping its own tariffs on European automakers. The EU voted to impose sweeping tariffs on Chinese EV companies like BYD in October. Advertisement"With this in mind, the Commission takes note of the request for WTO consultations lodged by China.

Persons: —, Xpeng Organizations: European Union, EV, Service, World Trade Organisation, EU, WTO, Business, Commission, Volkswagen, BMW, Mercedes Locations: China, European, Europe, Hungary, Turkey

☆ The China threat and the EV slowdown— 2 takeaways from a busy few weeks in auto news
▼ + stars: | 2024-11-03 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

A price war in China poses a threat to profitability. Amid the flurry of news, two themes stand out: the China threat and EV slowdown loom large for automakers. AdvertisementAnother EV price war threatens profitabilityIn China, the world's largest auto market, EV leaders BYD and Tesla are engaged in a bitter price war that initially weighed heavily on BYD's bottom line. The Chinese EV market is more competitive than ever, according the GM's Barra, who questioned the sustainability of a broader price war in the region driven by an uptick in Chinese EV startups selling inexpensive vehicles. Inexpensive Chinese EVs have long threatened the US EV market.

Persons: —, It's, Ford, Tesla, China's, Mary Barra, Barra, Mark Ford, he's Organizations: Service, Ford, Volkswagen, VW, EV, Companies, Power, Dealers Locations: China, Germany, Europe, BYD

☆ IKEA will pay 6 million euros to East German prisoners forced to build their furniture in a landmark move
▼ + stars: | 2024-11-03 | by ( Sophie Tanno | ) edition.cnn.com time to read: +4 min

CNN —Furniture giant IKEA has agreed to pay 6 million euros ($6.5 million) towards a government fund compensating victims of forced labor under Germany’s communist dictatorship, in a move campaigners hope will pressure other companies to follow. Political as well as criminal prisoners in Germany during the Cold War era were forced to build flatpack furniture for IKEA. IKEA representatives at the time were likely aware that political prisoners were being used to supplement labor, the report found. Sven Hoppe/picture-alliance/dpa/AP“After it became known that the company was involved in forced prison labor, IKEA accepted our invitation to talk. According to UOGK, IKEA is one of many companies that benefitted from forced prison labor in communist Germany.

Persons: Ernst, Young, Andreas Hampel, East Germany’s, Walter Kadner, “, ”, Dieter Dombrowski, UOGK, Sven Hoppe, ” Dombrowski, Rainer Wagner, Evelyn Zupke Organizations: CNN, IKEA, German Democratic, Getty, Union of Victims ’, of Communist, IKEA Germany Locations: Germany, East Germany, Soviet Union, German Democratic Republic, Rothensee, IKEA Germany, GDR, Eching, Bavaria

☆ Ukraine fooled Russia with the same deceptions Germany used at WWII's Battle of the Bulge
▼ + stars: | 2024-11-02 | by ( ) www.businessinsider.com time to read: +7 min

The question for Ukraine is whether Kursk will fare better than Germany's Battle of the Bulge. AdvertisementWhen Ukraine unleashed its Kursk offensive in August, it wasn't just the Russians who were surprised. By massing forces for offensives in eastern Ukraine, this thinned out the rest of the 600-mile front line, including the Kursk region. For example, "Ukraine's military announced the 61st Mechanized Brigade would be moving to Vovchansk, a city in the northern sector of the fighting in eastern Ukraine," said TRADOC. Allied cryptographers had broken high-level German radio codes (the "Ultra" program), but German forces employed radio silence, and orders were conveyed by courier and telephone.

Persons: —, TRADOC, Hitler, Oleksandr Syrskyi, wouldn't, Ukraine prepped, Michael Peck Organizations: Service, US, Kremlin, British, Armed Forces of, 61st Mechanized Brigade, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russia, Ukraine, Kursk, Germany, Normandy, Ardennes, Belgium, Armed Forces of Ukraine, Nazi, Moscow, Forbes

☆ Delphi murders: Suspect's confessions, denials in spotlight during trial's second week
▼ + stars: | 2024-11-01 | by ( Tim Stelloh | Tim Stelloh Is A Breaking News Reporter For Nbc News Digital. | ) www.nbcnews.com time to read: +6 min

Allen’s contradictory statements were in the spotlight during the second week of his trial in a Carroll County courtroom. In the interview, Allen — then a CVS clerk — provided an account of what he’d done that Feb. 13. Once at Westville Correctional Facility, Allen told prison officials and officers — including the warden — that he killed the girls, prosecutors have said. A week later, Wala said, Allen told her he wanted to sign a confession, prompting the psychologist to tell him to speak with his attorneys. A day later, on May 10, Allen called his wife with the psychologist present and told her that he’d killed the girls, Wala testified.

Persons: Richard Allen, Abigail Williams, Allen, they've, he'd, Allen —, —, Abby, Libby, didn’t, I’ve, ” “, ”, He’d, “, it’s, ” Allen, Monica Wala, Michael Conroy, Wala, he’d, Stacy Diener, WTHR Organizations: Liberty, Prosecutors, NBC Chicago, Westville Correctional, NBC Locations: Indiana, Delphi, Carroll, Monon, Westville, Ind, Indianapolis

☆ Luxury European automakers are getting crushed in China
▼ + stars: | 2024-11-01 | by ( Tom Carter | ) www.businessinsider.com time to read: +7 min

AdvertisementThe days of European carmakers dominating China's luxury vehicle market are over. A study by AlixPartners found that Chinese automakers released 40 over-the-air software updates between March 2023 and February this year, compared with just two from legacy automakers. AdvertisementHard to quitDespite a challenging environment, Western premium automakers can ill afford to give up on China. As well as increased competition, European automakers face a geopolitical headache. AdvertisementTim Urquhart, principal automotive analyst at S&P Global Mobility, told BI the European Union's tariffs on Chinese automakers meant Beijing could impose levies on European car imports in retaliation.

Persons: —, Aston Martin, James Bond, Chris Brownridge, BYD, Lutz Meschke, Max, Xiaomi, Steve Dyer, Dyer, AlixPartners, Mercedes, GAO, China's, Tim Urquhart, Urquhart Organizations: BMW, Mercedes, Benz, Porsche, Service, upstarts, Volkswagen, Royce, British, Bloomberg, Reuters, Getty, P Global Mobility Locations: China, British, London, Korea, Western Europe, Beijing

☆ Heidi Klum attends 2024 Halloween bash in elaborate E.T. costume
▼ + stars: | 2024-11-01 | by ( Oscar Holland | ) edition.cnn.com time to read: +4 min

The most hotly anticipated costume of the spooky season is here — and the “Queen of Halloween” didn’t disappoint. Continuing her tradition of wearing wildly elaborate outfits to her own star-studded annual bash, Klum arrived at this year’s party dressed as E.T. Heidi Klum (right) arrived with husband Tom Kaulitz (left), who also wore an E.T. Guests take selfies with Heidi Klum in costume during the party. Klum’s costume may have won the award for most elaborate, but she wasn’t this year’s only celebrity extraterrestrial.

Persons: Heidi Klum, Klum, Tom Kaulitz, Drew Barrymore’s, Steven Spielberg’s, Spielberg, Mike Coppola, Mike Marino, Marino, “, ”, ” Klum, Mike, Haley Kalil, Tim Burton's, Zach Justice, contortionist Sofie Dossi, Princess Fiona, Questlove, Tim Burton’s, Bethenny Frankel, Bryan Bedder, Sanders, meanwhile, Janelle Monae, Jennifer Hudson Organizations: CNN, New York Times, Amazon, Hollywood, Housewives, New Locations: E.T

☆ Apple to report earnings as investors worry about 'mixed' iPhone demand
▼ + stars: | 2024-10-31 | by ( Kif Leswing | ) www.cnbc.com time to read: +4 min

Apple CEO Tim Cook inspects the new iPhone 16 during an Apple special event at Apple headquarters on September 09, 2024 in Cupertino, California. "That should be expected, as Apple Intelligence features (the only reason to upgrade)have yet to be rolled out in a significant way." U.S. carriers, including AT&T, Verizon and T-Mobile, have also seemed unexcited about an Apple Intelligence upgrade cycle. But research firm Counterpoint Research told CNBC in October that iPhone sales, especially for the lower-priced devices, were strong in China. WATCH: Apple Intelligence rollout could be an inflection point, says Futurum Group CEO's Daniel Newman

Persons: Tim Cook, Apple doesn't, Morgan Stanley, Erik Woodring, Davidson, Gil Luria, We're, John Stankey, Malif Atik, Apple, Luca Maestri, Maestri, Kevan Parekh, CEO's Daniel Newman Organizations: Apple, Apple Intelligence, Verizon, Mobile, Huawei, Citi, Research, CNBC, Apple Watch, LSEG, Major League Soccer Locations: Cupertino , California, Spanish, U.S, China, Apple's

☆ 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

☆ Fifty years after ‘Texas Chainsaw Massacre,’ is the classic slasher film dead, or just waiting in the shadows?
▼ + stars: | 2024-10-31 | by ( Sydney Bishop | ) edition.cnn.com time to read: +13 min

When “The Texas Chainsaw Massacre” hit theaters in October 1974, audiences were horrified – and enthralled. Yet the elevated carnage of “The Texas Chainsaw Massacre” was a new world. Gunnar Hansen as Leatherface in "The Texas Chainsaw Massacre." Now that “Texas Chainsaw” is turning fifty, there are screenings in theaters all across the US, limited-time merchandise and cast and crew reunions. Here lies the classic slasher film … or so it seemsMichael Myers (played by Tony Moran) waits to strike in "Halloween."

Persons: Tobe Hooper, Kim Henkel, “, –, ” Henkel, ”, Marion Crane, baddie, Leatherface ”, – you’ll, Hooper, Henkel, ” “, Gunnar Hansen, Leatherface, Everett, Roger Ebert, Joshua Dysart, Dysart, ” Dysart, Kirk, Heather Langenkamp, Wes Craven, Craven, Lagenkamp, slashers, ’, Jourdain Searles, Searles, ” Searles, “ It’s, Casey, Drew Barrymore, Ghostface, Carmen Electra, Michael Myers, Tony Moran, Shutterstock Dysart, there’s, Alex Svensson, Svensson, Jamie Lee Curtis, Ryan Green, “ Svensson, Wes Craven’s, Casey Becker, Jason Vorhees Organizations: CNN, The, Texas, Cannes Film, “, Hollywood, ITV, Emerson College, ” Locations: Texas, The Texas, Austin, Los Angeles, Corpus Christi, Nancy

☆ Democrats and Republicans Secretly Agree on More Than They Admit
▼ + stars: | 2024-10-31 | by ( Eliza Relman | ) www.businessinsider.com time to read: +12 min

Among Muslims, the difference was 43% agreeing with the statement versus an estimated 66% who privately agreed. While 27% of Democratic respondents publicly agreed with the statement "I support defunding the police," just 3% privately supported the movement. While 50% of Republicans publicly said "we live in a mostly fair society," just 11% privately agreed. Similarly, 2% of Republicans were thought to privately trust the government to tell the truth, while 14% said so publicly. A lack of social trust causes people to resent each other, look for scapegoats, and become susceptible to demagoguery, he said.

Persons: Alessia Gonzalez doesn't, Gonzalez, Israel, she'd, Fernando, YouGov, —, James Gibson, Louis who's, Gibson, Kamala Harris, Donald Trump, Todd Rose, Rose, Elisabeth Noelle, Neumann, Noelle, what's, Harris, You've, Gen Zers Organizations: Republican, Washington University, Harvard's Graduate School of Education, Roman Catholic, Pew, Gallup, Republicans, Democratic, Trump, — Locations: Brooklyn, Bay, MAGA, Gaza, Colombia, New York, Israel, America, St

☆ 'Western democracy is in a state of crisis,' German member of Parliament says
▼ + stars: | 2024-10-31 | 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 Email'Western democracy is in a state of crisis,' German member of Parliament saysNorbert Röttgen, German member of Parliament for the Christian Democratic Union party and member of the Bundestag Foreign Affairs Committee, discusses current security challenges for Western democracies.

Persons: Norbert Röttgen Organizations: Christian Democratic Union, Bundestag Foreign Affairs

☆ Adidas is getting back on track after Yeezy woes
▼ + stars: | 2024-10-30 | by ( Maria Noyen | ) www.businessinsider.com time to read: +4 min

Adidas posted strong third-quarter growth. Operating profit jumped to 598 million euros ($646 million) from 409 million euros ($442 million) the year before. AdvertisementBjørn Gulden, who took over as Adidas CEO in 2023, said the Q3 numbers were evidence that Adidas is "moving in the right direction." Adidas stock dipped slightly on Wednesday but is up 20% since the start of the year, valuing the company at almost 40 billion euros ($43 billion). Related storiesOne of the reasons Adidas is finding success in the increasingly competitive athleisure and footwear industry is through the revival of retro styles such as the Adidas Samba, which was coronated the "It Shoe" of 2023.

Persons: Bjørn Gulden, —, Ye, Bjørn, Alexander Hassenstein, Neil Saunders, Gulden, Matthew Quint, Quint Organizations: Adidas, Service, Kanye, Puma, Center, Global Brand Leadership, Columbia Business School, Nike Locations: China

☆ Reddit's bet on AI is starting to pay off
▼ + stars: | 2024-10-30 | by ( Huileng Tan | Aditi Bharade | ) www.businessinsider.com time to read: +4 min

The company saw a 68% revenue increase and a 47% rise in daily active visitors in Q3. Reddit's third-quarter revenue soared 68% to $348.4 million from a year ago, comfortably beating analysts' expectations of $312.8 million. This positive net increase was consistent with its second-quarter results, during which the platform saw a 51% increase in daily active users globally. Elon Musk's X reported 1.6% growth in daily active users in 2024's second quarter, per the FT. The daily active users on all of Meta's platforms combined, which include Facebook, Instagram, and Threads, increased by 7%, according to its second-quarter earnings report.

Persons: —, Steve Huffman, Huffman, Reddit, AMAs, Elon Musk's, Jefferies, RDDT Organizations: Service, Analysts, Global, Elon, Facebook, New York Stock Exchange Locations: Spanish

☆ Volkswagen profit plunges 42% in third quarter amid sweeping overhaul plans
▼ + stars: | 2024-10-30 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +2 min

German automaker Volkswagen on Wednesday reported a 42% drop in operating profit in the third quarter. Operating profit fell to 2.86 billion euros ($3.1 billion), while third quarter sales revenues slipped 0.5% year on year to around 78.5 billion euros. Vehicle sales fell 8.3% in the third quarter of 2024 compared to the same time period a year earlier, Volkswagen said. Net liquidity across the Volkswagen Group stood at negative 160.6 billion euros at the end of September 2024, it said. Operating profit between January and September of this year was 21% lower on an annual basis.

Persons: Arno Antlitz Organizations: Volkswagen, Volkswagen Group Locations: Germany

☆ Volkswagen stumbles in China as Germany's auto giants struggle to compete in the EV race
▼ + stars: | 2024-10-30 | by ( Tom Carter | ) www.businessinsider.com time to read: +7 min

Experts told BI that all three companies face slumping EV sales and brutal competition in China. BMW and Mercedes-Benz have issued profit warnings in recent weeks amid slumping EV sales in Europe and brutal competition in China, while Volkswagen is also facing a reckoning. German carmakers are losing out to Chinese EV makers such as BYD. She added that Mercedes, BMW, and Volkswagen offer comparatively few hybrid and extended-range vehicles — categories that have proven extremely popular in China. Slow sales in EuropeAt the same time, Germany's automakers are also dealing with a slowdown in EV sales in Europe.

Persons: —, Arno Antlitz, Mercedes, Hendrik Schmidt, Daniel Pier, Getty Images Helena Wisbert, Wisbert, Matthias Schmidt, Tesla, JENS SCHLUETER, that's Organizations: BMW, Mercedes, Benz, Service, Volkswagen, Wednesday VW, VW, dpa, China Passenger Car Association, Getty Images, Ostfalia University, Getty, European Union, Volkswagen Group, UBS Locations: Germany, China, Europe, North America, South America, China —, AFP

☆ Europe prepares for 'America First' push no matter who wins the U.S. election
▼ + stars: | 2024-10-30 | by ( Silvia Amaro | ) www.cnbc.com time to read: +2 min

Former President Donald Trump and Vice President Kamala Harris are shown on screen during a debate watch party at the Cameo Art House Theatre in Fayetteville, North Carolina, on Sept. 10, 2024. European politicians and policymakers are busy preparing for more American protectionism regardless of who emerges as the next leader of the White House after elections next week. The presidential race has remained a dead heat going into its final few days, with polling consistently rating the candidates, Vice President Kamala Harris and former President Donald Trump, as being tied within key battleground states and across the country. "Whoever wins will be 'America first'," a senior European diplomat, who did not want to be named due to the sensitive nature of the transatlantic relationship, told CNBC last week. The comments come after a warning from German Finance Minister Christian Lindner, who on Friday told CNBC there could be retaliation if the U.S. kicked off a trade war with the European Union.

Persons: Donald Trump, Kamala Harris, Christian Lindner, it's Organizations: Art House Theatre, White, CNBC, German Finance, Friday, European Union, European, EU, U.S, European Commission Locations: Fayetteville , North Carolina, European, U.S, Washington ,, United States

☆ Former Donald Trump Administration Officials Call Him a ‘Liar’ and ‘Fascist’
▼ + stars: | 2024-10-30 | by ( Michael D. Shear | June Kim | ) www.nytimes.com time to read: +12 min

Once Top Advisers to Trump, They Now Call Him ‘Liar,’ ‘Fascist’ and ‘Unfit’ Many of those who served in former President Donald J. Trump’s administration — especially his generals, ambassadors and other national security officials — have since turned on Mr. Trump. Mr. Trump and those around him rejected the criticism as little more than sour grapes. Mr. Pence ran against Mr. Trump and refused to endorse him. director , said when asked if Mr. Trump would be sentenced to jail time after being convicted of falsifying business records. People who once worked for Mr. Trump at the highest levels now describe him as unintelligent, chaotic, a danger to American democracy and more.

Persons: ’, Donald J, —, Trump, “, Mark Milley, John Kelly, John, Nikki Haley U.N, Rex Tillerson, Mike Pompeo, Trump’s, Bob Woodward, Mr, Woodward, Milley, Kelly, Milley denigrating, Mike Pence, Pence, Kamala Harris, Harris, ’ ” John Kelly, “ Donald Trump, ” James Mattis, ” John, Ill, “ Trump, H.R, ” James Comey F.B.I, ” Rex Tillerson, ” John Kelly White, ” Richard Spencer, it’s, ” Nikki Haley U.N, baselessly, ” Tom, I’ve, ”, Mark Organizations: Trump, ’, Mr, Chiefs, John Bolton, Marine Corps, ” John Bolton, McMaster National, United, ” John Kelly White House, Republican, Capitol Locations: United States, ”, American

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