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History books will show that Ukraine has transformed modern warfare, said a top NATO admiral. Bauer says that NATO will support Ukraine throughout the war and the "many, many years after that." "Every day, we are in awe of our Ukrainian brothers and sisters in uniform," Bauer told the NATO Military Committee Conference. History books will show Ukraine has transformed modern warfare. The NATO chief said that Ukraine would "eventually" become a military alliance member.
Persons: Adm, Rob Bauer, Bauer, Muhammed Enes Yildirim, Getty Images Bauer, Jens Stoltenberg, Stoltenberg, Germany's Funke, Jamar Marcel Pugh Organizations: NATO, Service, NATO Military Committee, Armed Forces, NATO Military, Conference, Putin's, Anadolu Agency, Getty Images, Moldovan, Novo, Novo Selo Training, US Army National Guard Locations: Ukraine, Wall, Silicon, Oslo, Norway's, Bahkmut, Bakhmut, Russia, Kyiv, NATO, Novo Selo, Bulgaria, Sweden
Banners displaying the NATO logo are placed at the entrance of new NATO headquarters during the move to the new building, in Brussels, Belgium April 19, 2018. "That means that we cannot make sure that the increased defence spending actually leads to more security." In February, NATO Secretary-General Jens Stoltenberg warned Kyiv was burning through shells much faster than the West could produce them. Bauer pushed for more private investment in the defence sector to ramp up production capacity, urging pension funds and banks to stop labelling defence investments as unethical. As we have seen in Ukraine, war is a whole of society event," he said, adding such investment was in the private sector's strategic interest as well.
Persons: Yves Herman, Rob Bauer, Jens Stoltenberg, Bauer, Gwladys Fouche, Sabine Siebold, Jason Neely, Ros Russell Organizations: NATO, REUTERS, Rights, Thomson Locations: Brussels, Belgium, Rights OSLO, Oslo, Ukraine, Kyiv, Germany, Poland, Baltic, Berlin
From there, Milley will attend the monthly meeting of the Ukraine Defense Contact Group in Germany on Tuesday. That group, led by U.S. Defense Secretary Lloyd Austin, is the main international forum for drumming up military support for Ukraine. But American lawmakers are increasingly divided over providing additional assistance for Ukraine as the war is well into its second year. President Joe Biden has proposed a package of $13.1 billion more in military aid and $8.5 billion for humanitarian support. Milley said the group will include defense chiefs from Britain, Norway, Netherlands, Italy, Germany, France, Denmark, Canada, Belgium, Australia, New Zealand and Japan.
Persons: Mark Milley, Kim Jong Un, Vladimir Putin, ” Milley, Kim, Milley, Lloyd Austin, Rob Bauer, Joe Biden, Donald Trump, Volodymyr Zelenskyy Organizations: American, NATO, U.S . Army, Joint Chiefs of Staff, Ukraine Defense Contact Group, U.S . Defense, NATO Military Committee, U.S, Congress, Conservative Republicans, White House, Capitol, General, Global Locations: OSLO, Norway, North Korea, Ukraine, Russia, North, Russian, Moscow, Holmenkollen, Oslo, Germany, Netherlands, United States, Washington, U.S, China, Beijing, Taiwan, Britain, Italy, France, Denmark, Canada, Belgium, Australia, New Zealand, Japan
General Eirik Kristoffersen, head of Norway's Armed Forces, poses for a picture at his office in Oslo, Norway, September 26, 2022. REUTERS/Gwladys Fouche/File Photo Acquire Licensing RightsOSLO, Sept 16 (Reuters) - Russian forces stationed in the Arctic near Norway are "20% or less" of the number they were before the February 2022 invasion of Ukraine, Norway's chief of defence said on Saturday. "On our border, on the Russian border, there is maybe 20% or less (Russian) forces left than it used to be before Feb. 24, 2022," he told a press conference. "If he believed that we were threatening Russia, he couldn't have moved on his troops to Ukraine to fight the war there." Finland and Russia share a 1,300 km (810 miles) border, with Russian troops along that zone, as with Norway, below the numbers they were before the war.
Persons: Eirik Kristoffersen, Gwladys, Vladimir Putin, couldn't, Rob Bauer, Finland, Bauer, Gwladys Fouche, Sabine Siebold, Nick Macfie Organizations: Norway's Armed Forces, REUTERS, Rights, NATO, Russian, Thomson Locations: Oslo, Norway, Rights OSLO, Russian, Ukraine, Russia, Northern, Finland, Berlin
The study also mapped out the supply chains of six unidentified global apparel brands operating in the four countries studied - Bangladesh, Cambodia, Pakistan and Vietnam - and found all six would be hit materially. There are some [apparel] brands not disclosing the factory locations of their suppliers," said Angus Bauer, Schroders' head of sustainable investment research. Using projections, the researchers analysed future heat and flooding levels to estimate what would happen under a "climate adaptive" scenario and a "high heat and flooding" scenario. Flooding will also force factories to close in the four countries, which account for 18% of global apparel exports and employ 10.6 million workers in apparel and footwear factories. By 2050, lost export earnings would reach 68.6% and there would be 8.64 million fewer jobs.
Persons: Jason Judd, Judd, Angus Bauer, Schroders, Bauer, Tommy Reggiori Wilkes, Mark Potter Organizations: Cornell University, Reuters, Cornell Global Labor Institute, Thomson Locations: Bangladesh, Cambodia, Pakistan, Vietnam
Farooq came to work for Musk at his first company, Zip2, but quit just six weeks into the job. Farooq told biographer Walter Isaacson that he soon "found himself in fights with Musk." In 1995, Musk was in the midst of getting his first company, Zip2, off the ground with his brother, Kimbal. "We completely entered a zone for hours until we were exhausted," Farooq told Isaacson. But working under the notoriously intense Musk was too much for Farooq and he lasted just six weeks at Zip2 before quitting.
Persons: Navaid Farooq, Elon Musk's, Farooq, Musk, Walter Isaacson, Kimbal, Elon Musk Farooq, Walter Isaacson's, Isaacson, Elon Musk, Bauer, Griffin, FilmMagic, Lyndon, Peter Rive, Tesla, Peter Thiel, Thiel Organizations: Queen's University, Canada, Service, YMCA, Zip2, PayPal, SpaceX Locations: Wall, Silicon, Canada, Ontario
But overfishing has left some fish stocks depleted, while destructive fishing practices like dredging have harmed ecosystems . Ocean tech has the additional challenge of "dealing with this chemically rich liquid that basically eats everything that goes into it," Watson said of the ocean. Blue Ocean Gear's data-collecting buoy. Blue Ocean GearFishing for fundingBut Falconer is competing with buzzy tech sectors in the pursuit of venture capital. Without cash flowing in, fishing tech could face a brain drain.
Persons: Daniel Watson's, SafetyNet, Daniel Watson Dan, Eric Li, James Dyson, Enki, Watson, Ed Phillips, Phillips, Dado Ruvic, Kortney Opshaug, Opshaug, it's, Ava Ocean, Maren Hjorth Bauer, Ava Ocean's, Hjorth Bauer, Ian Falconer, I'm, Falconer, haven't Organizations: Venture, Service, SafetyNet Technologies, European Union, Future Planet Capital, Aquaculture, REUTERS, NASA, Ocean, Investors, multibillion, Strategic Locations: London, Dubrovnik, Croatia, Bering, Cornwall
For years, the Office of the Inspector General has reviewed PEPFAR’s practices and has never discovered misappropriation of funds for abortion. Over the last 20 years, this ambitious program has saved 25 million lives in 55 countries, most of which are in Africa. PEPFAR also has fortified education systems, helping girls stay in primary school, and stimulated economic growth in recipient countries. Faith leaders from the United States and around the world, including those who oppose abortion, have recently written letters calling for reauthorization. Despite the impressive successes of PEPFAR, we still have a way to go in the fight against AIDS.
Persons: Helms, Shepherd Smith, PEPFAR Organizations: reauthorization, AIDS Locations: Africa, United States, Saharan Africa
For years, low interest rates fuelled a global boom, igniting interest in German property, seen as safe and stable as the country. The health of Germany's property sector - Europe's biggest property investment market outside of Britain - is critical, making up roughly a fifth of output and providing one in 10 jobs. Late last year, Hoeglmaier put his penthouse on the market, and Euroboden closed its Frankfurt office. In 2020, as the property market heated up, the Bundesbank warned the country's banks, for whom property accounted for about 70% of all domestic loans, of the risks. The 380-square meter (4,090 square foot) penthouse, which occupies the fifth through seventh floors and includes a rooftop terrace, originally listed for just under 13 million euros.
Persons: Leonhard Simon, Stefan Hoeglmaier, Chancellor Olaf Scholz, Tillmann Peeters, Hoeglmaier, Oscar Loya –, , Euroboden, Daniel Bauer ,, Oliver Schartl, Loya, Christoph Niering, Matthias Inverardi, Tomasz Janowski Organizations: REUTERS, Rights, FalkenSteg, European Central Bank, Reuters, Facebook, Garden, Graphics, Thomson Locations: Munich, Germany, Europe's, Britain, Berlin, Frankfurt, Ukraine, Sweden, Europe, homebuilders, China, Evergrande
Fast-fashion retailers Shein and Forever 21 are partnering up. The partnership allows Forever 21 to sell merchandise on Shein's site, and Shein products could be sold in Forever 21 stores. The partnership will allow Shein to sell Forever 21 products on its website, and Forever 21 to add Shein sections in-stores, where customers could also return Shein items. The partnership could give Forever 21 exposure to a significant number of new consumers across the US and the globe, Saunders wrote. Sparc Group, a joint venture of Authentic Brands Group and Simon Property Group, operates Forever 21.
Persons: Neil Saunders, GlobalData, Shein, Saunders, Simon, Lucky Brand, Eddie Bauer, Brooks Organizations: Service, Street Journal, U.S, Forever, Sparc, Authentic Brands, Simon Property Group, Brookfield Property Partners, Reebok, Brooks Brothers, Sparc Group Locations: Wall, Silicon
The Wagner group leader Yevgeny Prigozhin was thought to be on a plane that crashed north of Moscow. His group staged a rebellion against Russia and Vladimir Putin two months ago.
Persons: Wagner, Yevgeny Prigozhin, Vladimir Putin Locations: Moscow, Russia
Al's Formal Wear's sudden closure left many brides and grooms in the lurch just before their weddings. —🚨 Rusty Surette 🚨 (@KBTXRusty) August 8, 2023Al's Formal Wear had 26 stores in Texas and had operated in the area for over 70 years. Other than Texas-based Al's Formal Wear, sister brands Tip Top Tux, Nedrebo's Formal Wear, Savvi Formal Wear, and American Commodore have also shut down, local news outlet Atlanta News First reported. Rival Atlanta-based formal wear chain Men's Wearhouse said in a statement on Wednesday that it would offer a $100 discount for customers with unfulfilled orders from any of Dapper & Dashing's subsidiaries. Dapper & Dashing and Al's Formal Wear did not immediately respond to a request for comment from Insider, sent outside regular business hours.
Persons: I've, Rusty Surette Organizations: Service, CBS, Microsoft, NBC, Twitter Locations: Wall, Silicon, The Texas
The royal residence you might soon be able to rent
  + stars: | 2023-08-11 | by ( Amarachi Orie | ) edition.cnn.com   time to read: +3 min
A version of this story appeared in the August 11 edition of CNN’s Royal News, a weekly dispatch bringing you the inside track on Britain’s royal family. London CNN —Buckingham Palace, Windsor Castle or Balmoral might be the first places that come to mind when you think of British royal family homes. Therefore, it is likely the royal lodging will also be let out commercially. It’s where the then-prince retreated after his father, Prince Philip, died in 2021, according to British media reports at the time. The wider Carmarthenshire area has stunning castles, plush gardens, Wales’ largest beach and market towns full of local produce.
Persons: King Charles III’s, Llwynywermod, King, Prince of Wales, Prince William, Prince Philip, ” Charles, William Williams, Queen Anne Boleyn, Mark Bauer, Albertine Organizations: CNN’s Royal, London CNN, British, It’s, BBC, Brecon Beacons, Universal Locations: London, Buckingham, Windsor Castle, Balmoral, Brecon, Welsh, Carmarthenshire, Llwynywermod, Duchy, Cornwall, Wales, , Cockit, Myddfai
WASHINGTON — Attorneys for President Joe Biden and the special counsel appointed to investigate his handling of classified documents have been negotiating for about a month over the terms under which he would be interviewed, two people familiar with the matter said. Discussions between Biden's lawyers and special counsel Robert Hur's office are focused on how, when and where the interview might take place, as well as the scope of the questions, these people said. For months now, Biden's lawyers have been gaming out various scenarios for an interview, with the expectation that he would provide one once his legal team and the special counsel agreed on the specifics. The documents were found in an office Biden used after he left the vice presidency and at his home in Wilmington, Delaware. Attorney General Merrick Garland appointed Hur in January, two months after he named Jack Smith as special counsel to oversee the investigation into former President Donald Trump's handling of classified documents and alleged efforts to overturn the 2020 election.
Persons: Joe Biden, Robert Hur's, Bob Bauer, Hur, Biden, Department's, General Merrick Garland, Jack Smith, Donald Trump's Organizations: White, WASHINGTON —, Justice Locations: Kentucky, Washington, U.S, Wilmington , Delaware
The Dry Combat Submersible would shield SEALs from the sea, unlike other delivery vehicles. US Navy/Chief Photographer's Mate Andrew McKaskleThe battery-powered Dry Combat Submersible is about 40 feet long and weighs a little over 28 tons. But perhaps the biggest difference is that the Dry Combat Submersible keeps frogmen dry, unlike the SEALs' other submersibles, which are open to the sea. US Navy/Chief Journalist Dave FliesenUS special-operations leaders have big ambitions for the Dry Combat Submersible and their other mini-subs. The Mark 11 is meant to carry small teams of Navy SEALs into an enemy harbors and shores without detection.
Persons: Lockheed Martin, SOCOM, Photographer's, Andrew McKaskle, Gregg Bauer, John Parker, Bauer, Dave Fliesen, Christopher Perez The, Mark, Stavros Atlamazoglou Organizations: Operations Command, Lockheed, Service, US Navy SEALs, Special Operations Command, US Navy, Navy, DCS, Naval, Warfare Command, Navy SEALs, Warfare, Special Boat Service, US State Department, Hellenic Army, 575th Marine Battalion, Army, Johns Hopkins University, Johns Hopkins, School, International Locations: Wall, Silicon, Russia, China, Ukraine, Philadelphia, Georgia, Naples, Italy, Sutton, Dallas, Norfolk, Pearl, Christopher Perez The British, British, Johns
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailConsumers have adjusted to 'new normal' of 6% mortgage rates, says Tri Pointe Homes CEODoug Bauer, Tri Pointe Homes CEO, joins 'Squawk on the Street' to discuss the trends Bauer is seeing, how Bauer is navigating tactically, and the state of the mortgage market.
Persons: Doug Bauer, Bauer Organizations: Tri Pointe Homes Locations: Tri
Aaronp/bauer-griffin | Gc Images | Getty ImagesIt's "Shark Week," the annual television-programming event on Discovery that stars the ocean's apex predators. Specifically, investors have a tendency to get swept away by the fear or euphoria of the recent past. This is called "recency bias," and it's often accompanied by financial loss. "People need to understand that recency bias is normal, and it's hard-wired," said Charlie Fitzgerald III, an Orlando, Florida-based certified financial planner. Investors are most vulnerable to recency bias, he said, when on the precipice of a major life change such as retirement, when market gyrations may seem especially scary.
Persons: bauer, Charlie Fitzgerald III, Steven Spielberg's, Omar Aguilar, Fitzgerald, I'm, Moisand Fitzgerald Tamayo, FOMO Here's, Aguilar, Christopher Polk Organizations: San Diego Convention Center, Aaronp, GameStop, Schwab Asset Management, Universal Studios Home Entertainment, Filmmagic, Getty, Finance Locations: Orlando , Florida
FRANKFURT/LONDON, July 26 (Reuters) - German industry is finding new ways to transport cargoes from coal to chemicals as increasingly frequent low water levels on the Rhine disrupt Europe's largest economy. At Kaub , the critical chokepoint for Rhine barges, water levels fell to their lowest this year earlier this week. ARTERY OF THE ECONOMYThe impact of low water levels is not limited to big business. But logistics firms are benefiting from rising demand for vessels adapted to lower river levels. "We expect, due to climate change, that the extremes on the river Rhine will happen more often," said Maickel Uijtewaal, general manager at Stolt-Nielsen (SNI.OL).
Persons: Uwe Arndt, Barbara Hoyer, majeure, Roberto Spranzi, Maickel Uijtewaal, Steffen Bauer, Christoph Steitz, Vera Eckert, Ludwig Burger, Patricia Weiss, Rene Wagner, Nette, Tom Kaeckenhoff, Matthias Inverardi, Vincent Flasseur, Barbara Lewis Organizations: Federal Waterways, Shipping Agency, Reuters Graphics, Cologne, BASF, Reuters Graphics Reuters, Kiel Institute, Deutsche Bank, Reuters, Stolt, Nielsen, HGK Shipping, Daniels, Midland Co, Chemicals, Thomson Locations: FRANKFURT, LONDON, Kaub, Europe, Reuters Graphics Germany, Ludwigshafen, HGK, Frankfurt, Berlin, Duesseldorf, London
Square Roots told staff it was closing most of its locations and cutting jobs, two former staff said. Square Roots told local news it plans to reconfigure some locations and may eventually re-open them. Elon Musk's brother, Kimbal, cofounded Square Roots alongside CEO Tobias Peggs in 2016. "It was just a normal day," the former Grand Rapids employee said of the latest layoffs and farm closures announced Tuesday. "It was quite abrupt and has been very devastating to this wonderful team of people," the former Grand Rapids employee said.
Persons: Elon Musk's, Elon Musk, David Sack's, Tobias Peggs, Kimbal Musk, WDRB, couldn't, Kimbal, Bauer, Griffin, Slack, Peggs, Getty, DON EMMERT, that's, we've Organizations: Roots, Morning, Gordon Food Service, David Sack's Craft Ventures, Kenosha News, Grand, Axelle, Grand Rapids, Gordon Food Services, Employees Locations: Grand Rapids, Pitchbook, Springfield , Ohio, Shepherdsville , Kentucky, Kenosha , Wisconsin, Wisconsin, Brooklyn, Kenosha, New York, Michigan
Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). The Southwest Premier Business Card welcome bonus can get you over $1,600 in Southwest flights. Insider's Featured Small Business Cards Ink Business Unlimited® Credit CardInk Business Cash® Credit Card Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. Earns 3x Southwest points per dollar on your Southwest purchases Cons Dash icon A dash. Be sure to read our guide to earning and redeeming Southwest points to learn more ways to maximize the welcome bonus on the Southwest® Rapid Rewards® Premier Business Credit Card.
Persons: Bauer, Griffin, We're, Cardholders, you'll, you've Organizations: Southwest Premier, AaronP, Southwest, Business, Service, Uber, eBay, Chevron, Southwest Premier Business, Southwest Airlines ®, Rapid, Reading Chevron, Southwest Airlines, Business Credit Locations: Southwest, Wall, Silicon, rideshare
Royal destinations you need to visit in the UK
  + stars: | 2023-07-07 | by ( Amy Woodyatt | ) edition.cnn.com   time to read: +8 min
A version of this story appeared in the July 7 edition of CNN’s Royal News, a weekly dispatch bringing you the inside track on Britain’s royal family. Research in 2011 by Visit Britain found that around 60% of tourists to the UK are likely to visit places associated with the royal family, according to Ross Bennett-Cook, a visiting lecturer at the School of Architecture and Cities at London’s University of Westminster. While there is no more recent data on royal sites specifically, in 2022 Visit Britain found that history and heritage were the biggest pull factors for tourists. Peter Titmuss/UCG/Universal Images Group/Getty ImagesCornwall: Dear to local and international tourists alike, Cornwall, on the southwestern tip of the UK pointing out into the Atlantic Ocean, is also a special destination for the royal family. The medieval parish church of St Mary Magdalene is regularly used as a place of worship by members of the royal family and dates back to the 16th-century.
Persons: Ross Bennett, Cook, we’ve, Queen Elizabeth II, King Charles III, William the, Edward III, Prince Harry, Prince Philip, Peter Titmuss, Duke of Cornwall, Prince William, Mary Magdalene, Bauer, Griffin, Queen, King George VI, Queen Victoria . Prince Albert, Queen Victoria, Andrew Milligan, Prince Albert, daytrippers, Mary Queen of Scots, It’s, Peter Byrne, King Charles, Prince of Wales, Work, wasn’t, King Edward I, Wales, Edward II, Tim Rooke, King George IV, Albert, There’s, shouldn’t Organizations: CNN’s Royal, CNN, Wimbledon, School of Architecture, London’s University of Westminster, Guard, Getty, Radcliffe, Sandringham, Sandringham House, Queen, Highlands, Scottish, Caernarfon, Royal Palaces Locations: Europe, London, Windsor, St, George’s, Duchy, Cornwall, Lostwithiel, UK, British, England, Scilly, Sandringham, Norfolk, Royal Parkland, Scotland, Cairns, Edinburgh, Holyroodhouse, Scottish, Caernarfon, Wales, Menai, Anglesey, Prince, Hillsborough, Northern Ireland, Brighton, Isle of Wight, Osborne
BRUSSELS, July 3 (Reuters) - Ukraine's counter-offensive against Russian forces is proving difficult due to landmines and other obstacles but Ukrainian forces are right to proceed cautiously, NATO's top military official said on Monday. "The counter offensive, it is difficult," said Admiral Rob Bauer, a Dutch military officer who is the chair of NATO's military committee. Bauer's comments echoed remarks by General Mark Milley, the top U.S. military officer, who said on Friday the counter-offensive would be very difficult, very long and "very, very bloody". Bauer said Ukrainian forces were right to be cautious to avoid high casualties as they probed for possible breakthroughs. He said Ukrainian forces should not face pressure or criticism for not moving more quickly.
Persons: Rob Bauer, Bauer, General Mark Milley, Andrew Gray, Frank Jack Daniel Our Organizations: Russian, NATO, Reuters, Thomson Locations: BRUSSELS, Dutch, Brussels, Ukrainian, Normandy, Russia
Against this violent backdrop, Marcelo Modesto, a City of God native, is using golf to try to transform the lives of the children who live there. However, amidst this bleak environment, Modesto’s golf academy stands as a sanctuary, offering hope and protection to the children within its confines. Maybe we could have a golf Pele … from one of our poor communities.”Tiago Albuquerque teaches English to children from Modesto’s golf academy. In addition to us having to teach golf, we have to be a psychologist, a social worker,” Modesto explains. “It’s changed my life”For the children enrolled there, the golf academy can be transformative, providing opportunities on and off the course.
Persons: favela, Marcelo Modesto, Modesto, , , Carlos Favoreto, biggie, Pele …, Tiago Albuquerque, Cameron Bauer, ” Albuquerque, ” Modesto, “ It’s, “ Marcelo, David Loreno Marcelo Moreno, Alexandre Gomes Goncalves Organizations: CNN, God, Brazil’s Public Security Institute, , Deus, UNICEF Locations: “ City, Rio De Janeiro, Rio de Janeiro, Modesto, Rio, , Brazil, Europe
The world’s most eco-conscious airlines
  + stars: | 2023-06-16 | by ( Elissa Garay | ) edition.cnn.com   time to read: +12 min
CNN —Most sustainability experts will scoff at the idea of “sustainable” and “airlines” in the same sentence. In 2022, an Airbus wide-body Beluga XL transport aircraft was filled with Sustainable Aviation Fuel" (SAF) for the first time. WiderøeNorway-based Widerøe, the largest regional airline in Scandinavia, says it is on track to become one of the world’s first fully emissions-free airlines. Alaska AirlinesAlaska Airlines has invested heavily in Sustainable Aviation Fuels (SAF). AaronP/Bauer-Griffin/GC Images/Getty ImagesWhile most major global airlines are targeting 2050 for net-zero carbon emissions, Alaska Airlines intends to meet that target as soon as 2040.
Persons: , Pedro Piris, Sola Zheng, Sina Schuldt, Nicolas Jammes, ” Akbar Al Baker, , Zheng, , that’s, it’s, Beata Zawrzel, Fabrizio Gandolfo, Nicolas Economou, Bauer, Griffin, It’s Organizations: CNN, Environmental Defense Fund, International Council, Clean Transportation, Commercial, International Air Transport Association, UN, Airbus, Beluga XL, Sustainable Aviation, Qatar Airways, SAF, European Union, Google, Environmental Defense, Airlines, United Airlines United, Aerospace, United, Flight Fund, Widerøe Norway, Widerøe, Royce, SAS SAS, Scandinavian, SAS, Wizz, Wizz Air, Etihad Airways Etihad, Getty, Etihad Airways, United Arab Emirates, Boeing, Etihad, Alaska Airlines Alaska Airlines, Aviation Fuels, AaronP, Alaska Airlines, Air Canada Canadian, Air Canada Locations: Europe, Denmark, Sweden, ICCT, Scandinavia, Norway, Canada
BERLIN, June 16 (Reuters) - Volkswagen (VOWG_p.DE) and a technology partner have mastered a battery manufacturing process called dry coating which if scaled up could cut the cost of cell production by hundreds of millions of euros a year, its battery chief said on Friday. "No-one else can do this today," battery chief Thomas Schmall said at a media roundtable. Dry-coating eliminates that step with an adhesive that does not require drying, Schmall explained. Together with scaled-up production and cheaper raw materials, the carmaker hopes the procedure will help bring down cell costs by around 50%, Schmall said. Reporting by Victoria Waldersee; Editing by Rachel More and Jan HarveyOur Standards: The Thomson Reuters Trust Principles.
Persons: Koenig, Thomas Schmall, Schmall, Tesla, Sebastian Wolf, Victoria Waldersee, Rachel More, Jan Harvey Organizations: Bauer AG, Maxwell Technologies, Reuters, Volkswagen, Thomson Locations: BERLIN, Germany, Spain, Canada
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