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☆ German Government Slashes Spending, Except on the Military
▼ + stars: | 2023-07-05 | by ( Melissa Eddy | ) www.nytimes.com time to read: +2 min

Why It Matters: Germany has long neglected military spending. Despite intense pressure from the United States, Germany last spent 2 percent of its G.D.P. on defense in 1991, a year after the reunification of the former East and West German nations, according to statistics from the World Bank. The United States is using incentives, including tax breaks, to lure businesses in the green energy and technology sectors. “Germany is increasingly falling behind when it comes to investment and location decisions,” said Tanja Gönner, general director of the German Federation of Industries.

Persons: Marcel Fratzscher, Lindner, ”, Tanja Gönner Organizations: World Bank, German Institute for Economic Research, German Federation of Industries Locations: Germany, United States, West, Russia, Ukraine

The People's Bank of China, which typically issues guidance on dollar deposit rates to state banks, did not immediately comment on the matter. The lenders - Industrial and Commercial Bank of China (601398.SS), , Bank of China (601988.SS), , Agricultural Bank of China (601288.SS), , China Construction Bank (601939.SS), and Bank of Communications (601328.SS), - did not immediately respond to requests for comment. The lower rates could both discourage households from putting savings into higher-yielding dollar deposits and nudge Chinese firms, especially exporters, to settle foreign exchange receipts in yuan. The latest cut in dollar deposit rates was the second in barely a month. Some currency traders also said the cuts in dollar deposit rates would ease pressure on commercial lenders' net interest margin, as banks' dollar deposit rates had risen above lending rates before the recent adjustments.

Persons: Ken Cheung, Banks, PBOC, Winni Zhou, Samuel Shen, Jindong Zhang, Rong Ma, Ryan Woo, John Geddie, Edmund Klamann Organizations: People's Bank of China, Industrial, Commercial Bank of China, Bank of China, Agricultural Bank of China, China Construction Bank, Bank of Communications, Traders, U.S, Mizuho Bank, Reuters, Thomson Locations: SHANGHAI, BEIJING, China, United States, China's, Shanghai, Beijing, Tokyo

☆ France looks a lot like the US as protests over a police killing spread, dividing the country between anti-racist and law-and-order factions
▼ + stars: | 2023-07-01 | by ( Charles R. Davis | ) www.businessinsider.com time to read: +3 min

Violent protests have rocked France after the police killing of a 17-year-old during a traffic stop. The civil unrest forced French President Emmanuel Macron to postpone a trip to Germany. "Don't move or I'll put a bullet in your head," the passenger claimed the officer said, according to Sky News. A person passes by a looted shop in a Lyon street during violent protests on June 30, 2023. "Faced with these savage hordes, it's no longer enough to call for calm, it must be imposed," the statement said.

Persons: Emmanuel Macron, —, JEFF PACHOUD, George Floyd, CHARLY TRIBALLEAU, Ariane Bogain, Bogain Organizations: France's, Service, Paris . Police, Sky News, Getty, BBC, Northumbria University, France Locations: France, Germany, Nanterre, Paris, Lyon, AFP, United States

☆ Verstappen leads Red Bull one-two on Sprint grid
▼ + stars: | 2023-07-01 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

The double world champion lapped his team's home Red Bull Ring with a fastest time of one minute 04.440 seconds on a drying track to complete a qualifying double after securing pole on Friday for Sunday's main grand prix. Red Bull have won all of them, Verstappen six. "It's nice to have a lockout in the Red Bull Ring for the team," said the Mexican, who was 0.493 slower than his team mate. "The sprint race doesn't really matter anyway," said Hamilton, who had his fastest effort deleted for exceeding track limits and was then overtaken by Verstappen while trying to set a valid lap. The race will be the second standalone sprint of the season after Baku, won by Perez in April.

Persons: Bull, Perez Norris, McLaren Hamilton, Max Verstappen, Sergio Perez, Sunday's, Perez, Red Bull, McLaren's Lando Norris, Haas, Nico Hulkenberg, Ferrari's Carlos Sainz, Charles Leclerc, Sainz, Aston Martin's Fernando Alonso, Lance, Mercedes, Lewis Hamilton, George Russell, Hamilton, Verstappen, Leclerc, Oscar Piastri, Alan Baldwin, Hugh Lawson Organizations: Austrian, Prix, Baku, Thomson Locations: Dutch, London

☆ Eurozone Inflation Slows, but Underlying Price Pressures Persist
▼ + stars: | 2023-06-30 | by ( Patricia Cohen | ) www.nytimes.com time to read: +4 min

Growth is expected to pick up, but further increases in interest rates could act as a brake on the economy. France’s annual inflation rate fell to 5.3 percent in June, from 6 percent in May. Germany, the largest economy in Europe, saw a rise in its annual inflation rate to 6.8 percent, up from 6.3 percent in May. Inflation rates in Germany are expected to resume their fall in September. After adjusting for inflation, profits were above their prepandemic level while workers’ compensation was 2 percent below the trend in the first quarter of this year.

Persons: Gita Gopinath, Christine Lagarde, ’, Giorgia, “, Lucrezia Reichlin, Riccardo Marcelli Fabiani, Price, Lagarde Organizations: International Monetary Fund, London Business School, Oxford Economics, Ukraine — Locations: Sintra , Portugal, France, Italy, Russia, Ukraine, Germany, Europe

☆ Icon of the Seas: The world's biggest cruise ship is almost ready
▼ + stars: | 2023-06-27 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Royal Caribbean International’s Icon of the Seas is a mammoth 365 meters long (nearly 1,200 feet) and will weigh a projected 250,800 tonnes. Royal Caribbean InternationalIt’s being built at Meyer Turku shipyard, one of Europe’s leading shipbuilders, in Turku, Finland. At an on-site press panel earlier this year, Royal Caribbean International president and chief executive Michael Bayley told media that the vessel was on track to join the Royal Caribbean fleet on October 26, ahead of its 2024 debut. The Icon completed its first set of sea trials on June 22, according to a Royal Caribbean statement. Royal Caribbean InternationalThe ship promises more than 40 ways to dine, drink and be entertained, many of which are included in the cruise fare.

Persons: Michael Bayley, ” Bayley Organizations: CNN, Royal Caribbean, CN, Meyer Turku, Royal Caribbean International, Royal Locations: Finland, Turku, Royal Caribbean, Caribbean, Western, Miami, CocoCay, Beach

☆ Tesla on Autopilot crashes into stopped truck in Pennsylvania -police
▼ + stars: | 2023-06-26 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +1 min

June 26 (Reuters) - A Tesla (TSLA.O) vehicle that was operating on its Autopilot software crashed into a stationary truck on a highway in Pennsylvania on Friday night, police said, adding to scrutiny of the automaker's driver assistance system. The police said the car lost control due to being on Autopilot, adding that the 18-year-old male driver was charged with "careless driving." U.S. regulators have been investigating a series of accidents where Tesla vehicles on Autopilot collided with parked emergency vehicles. In February, a Tesla Model S crashed into a stationary fire truck in Walnut Creek, California, killing the car's driver and triggering an investigation by the National Highway Traffic Safety Administration. Tesla says Autopilot enables a car to steer, accelerate and brake automatically within its lane, but those features require active driver supervision and do not make the vehicle autonomous.

Persons: Tesla, Hyunjoo Jin, Jamie Freed Organizations: Freightliner, Pennsylvania State Police, Tesla, National, Traffic Safety, Thomson Locations: Pennsylvania, Walnut Creek , California

☆ US opens probe into Ford Explorer recalls over power loss reports
▼ + stars: | 2023-06-24 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

WASHINGTON, June 24 (Reuters) - U.S. auto safety regulators said on Saturday they are investigating Ford Motor's (F.N) prior recalls of 710,000 Explorer SUVs over power loss reports to determine if the fix is adequate. 2 U.S. automaker issued recalls in April 2022 and March on Ford Explorer SUVs from the 2020-2022 model years to address a rear axle horizontal mounting bolt that may fracture and cause the driveshaft to disconnect. Ford said earlier its recalls were to address a disconnected driveshaft that could result in the vehicle rolling away placed in 'Park' without the parking brake applied, increasing the risk of a crash. NHTSA said it has received two complaints alleging a loss of power or transmission torque of the rear wheels in Explorer vehicles that had received the recall fix. One complaint told NHTSA that after getting the software update "the vehicle would randomly slam to a complete stop while driving.

Persons: Ford Motor's, Ford, David Shepardson, Marguerita Choy, Diane Craft Organizations: Traffic Safety Administration, Ford, NHTSA, Thomson Locations: U.S

☆ Why cities want to ban new drive-thrus
▼ + stars: | 2023-06-24 | by ( Nathaniel Meyersohn | ) edition.cnn.com time to read: +8 min

Magnets of traffic and congestion, drive-thrus discourage walking, public transit use and visits to neighboring businesses. A host of cities and regions want the sprawl to stop: Atlanta lawmakers will vote this summer on whether to ban new drive-thrus in the popular Beltline area. Minneapolis; Fair Haven, New Jersey; Creve Coeur, Missouri; Orchard Park, New York, and other cities have banned new drive-thrus in recent years. Experts say pedestrian safety can be improved by tightly managing access along arterial roads and locating drive-thrus away from them. Cities push backAtlanta City Councilman Jason Dozier proposed a bill this year to block new drive-thrus around the Atlanta Beltline, a pedestrian trail along a 22-mile railroad corridor.

Persons: Creve, ”, David Dixon, Jack, Wendy’s, Sweetgreen, Taco Bell, Leonard Ortiz, Eric Dumbaugh, David Paul Morris, Dixon, Stantec, Jason Dozier, Dozier’s, “, ” Dozier, Marilyn Nieves, iStockphoto, Levi Thatcher, Charlotte, Keba Samuel Organizations: New, New York CNN, Starbucks, Smithsonian, Companies, MediaNews, Orange, Register, Florida Atlantic University, “, CNN, Bloomberg, Atlanta City, Atlanta, Atlanta Beltline, Sugar House, Sugar, Transportation, Charlotte Planning, Charlotte City Locations: New York, Atlanta, Minneapolis, Fair Haven , New Jersey, Creve Coeur , Missouri, Orchard, , New York, Southern California, Long, Pittsburgh, Mesa , Arizona, “, ”, California, Santa Ana , California, driveways, Atlanta’s, Salt Lake City, Charlotte, WCNC

Recessions haven't always resulted in declining stock markets, and good opportunities can be found amid them. Sectors for recession naysayersThe best sectors for recession disbelievers are the most economically sensitive ones: industrials, materials and financials. Well-positioned companies with good growth prospects currently include: Corteva, Dow Chemical, Ecolab, Linde plc, Martin Marietta Materials, Nucor Corp., PPG Industries and Sherwin-Williams. Currently buyable names include: Campbell Soup Co., General Mills, The Hershey Co., Kellogg's, Kimberly-Clark Corp., Kroger, Procter & Gamble and Walmart. Sector names with reasonable risk levels and good growth prospects include: Vertex Pharmaceuticals, IDEXX Laboratories, DaVita Inc., Veeva Systems Inc., IQVIA Holdings Inc., Cigna Group and Zoetis Inc.

Persons: Sherwin, Williams, Mayur, Martin Marietta, JPMorgan Chase, Rowe Price, Willis Towers Watson, Campbell, General Mills, Clark, Willie B, Thomas, Digitalvision Organizations: Westend61, University of Michigan Consumer, Investors, Westinghouse Air Brake Co, Cummins Inc, CSX, Emerson Electric, Otis Worldwide, Carrier, Caterpillar, Honeywell, Illinois Tool, Lockheed Martin Corp, Dow Chemical, Ecolab, Linde plc, Martin, Martin Marietta Materials, Nucor Corp, PPG Industries, XLF, JPMorgan, Rowe Price Group Inc, American International Group, Allstate, The, McLennan, Sectors, Co, Hershey Co, Clark Corp, Kroger, Procter, Gamble, Walmart, Getty Images Health, iShares U.S, Medical Devices, Vertex Pharmaceuticals, IDEXX Laboratories, DaVita Inc, Veeva Systems Inc, IQVIA Holdings Inc, Cigna, Zoetis Inc Locations: American, The Hartford, Marsh, Kimberly

☆ Opinion | Why This Economist Wants to Give Every Poor Child $50,000
▼ + stars: | 2023-06-23 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +51 min

What you’ve got to do to get more money from wealth is just let your money go out there and make money on its own. darrick hamiltonYeah, the extent to which our tax code incentivizes wealth and capital growth, it centers on existing wealth and capital growth. $50,000 to the most wealth-poor person seems like a big number, but we need to put that number in context. In other words, wealth begets more wealth, and wealth builds upon itself. ezra kleinI think that’s a great place to end, so I’ll ask our final question.

Persons: ezra klein, we’ve, We’ve, Darrick Hamilton, Biden Sanders, Bernie Sanders, Cory Booker, Ayanna Pressley, darrick hamilton, hamilton, you’re, ezra klein There’s, you’ve, that’s, Thomas Piketty’s, it’s, there’s, ezra klein I’m, —, ezra klein We’ve, Bill Gates, Elon, Ezra, Ira Katznelson, Crow, Bill, hasn’t, who’s, I’ve, they’re, ezra klein Let’s, darrick hamilton Naomi Zewde, wouldn’t, Let’s, darrick hamilton Ezra, darrick hamilton I’m, Arthur Lewis, Natalie Diaz, ” Natalie, ezra klein Darrick Hamilton Organizations: The New School, Biden, Task Force, Marshall, Black, Washington D.C, Federal Government, SEED, Oklahoma, Social, Social Security Locations: Hamilton, United States, Prosperity, America, Europe, Tulsa , Oklahoma, Connecticut, Washington, —, hamilton

☆ Italy's Brembo wary of getting dragged into Pirelli's China dispute
▼ + stars: | 2023-06-21 | by ( Giulio Piovaccari | ) www.reuters.com time to read: +3 min

Rome's move will limit the influence of its largest investor, China's Sinochem which has a 37% stake. China is the third-largest market for Bergamo-based Brembo, after the United States and Germany. "If China should somehow retaliate, it wouldn't be just Brembo to suffer, but the whole Italian economy," the source said, referring to the extensive business interests of Italian companies in China. PUTTING THE BRAKES ONAnalysts have speculated about a possible long-term plan to merge Brembo and Pirelli, two of Italy's largest components suppliers in the automotive industry. Pirelli has a market cap of around 4.5 billion euros ($4.9 billion), broadly in line with 4.8 billion euros for Brembo.

Persons: Brembo, Camfin, Marco Tronchetti Provera, Sinochem, Gold, Carlo Alberto Carnevale Maffè, Tronchetti, They've, Giulio Piovaccari, Keith Weir, Sharon Singleton Organizations: MILAN, Pirelli, Reuters, Gold Phoenix, Bocconi University's School of Management, Thomson Locations: China, Bergamo, United States, Germany, Rome, Netherlands

☆ Italy's Brembo to move to Amsterdam to increase M&A options
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +2 min

MILAN, June 20 (Reuters) - Italy's Brembo (BRBI.MI) is to move its legal headquarters to the Netherlands and strengthen its loyalty share scheme in a move aimed at increasing M&A opportunities, the premium brake maker said on Tuesday. The announcement follows similar moves by other major Italian companies, including Ferrari (RACE.MI), Exor (EXOR.AS), Mediaset (MFEB.MI) and Campari (CPRI.MI), to establish in the Netherlands to enjoy the benefits of the country's favourable loyalty share legislation. Brembo's tax residence will remain in Italy while its shares will continue to be listed in Milan, the group said. "Brembo intends to continue to grow and remain a competitive key player in the global automotive market that is currently undergoing a great transformation," he said. Reporting by Giulio Piovaccari and Francesca Landini; editing by Keith Weir and Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

Persons: Brembo, Matteo Tiraboschi, Camfin, Marco Tronchetti Porvera, Giulio Piovaccari, Francesca Landini, Keith Weir, Conor Humphries Organizations: MILAN, Ferrari, Brembo's, Citigroup, Brembo, Pirelli, Thomson Locations: Netherlands, Italy, Milan

☆ UK minister says talks to restore Northern Ireland government moving slowly
▼ + stars: | 2023-06-20 | by ( ) www.reuters.com time to read: +2 min

LONDON, June 20 (Reuters) - Britain's Northern Ireland minister said on Tuesday talks to restore the province's devolved government were moving slowly because there was a lack of clarity on the right legislative approach to end the impasse. Northern Ireland's devolved executive collapsed in February last year when the Democratic Unionist Party pulled out in protest at Britain's post-Brexit trade deal with the European Union. They then also rejected a revised deal, the Windsor Framework, reached last February. The British government is in talks with the DUP on restoring the power-sharing system but Northern Ireland minister Chris Heaton-Harris declined to be drawn on the details of how those talks were going. Speaking separately in Dublin, U.S. Special Envoy to Northern Ireland Joe Kennedy said that while there is real interest from U.S. companies to invest in Northern Ireland, they want to see how that Windsor Framework is implemented.

Persons: Chris Heaton, Harris, Northern Ireland Joe Kennedy, Kennedy, Alistair Smout, Padraic Halpin, Jonathan Oatis, Mark Heinrich Our Organizations: Northern, Democratic Unionist Party, European Union, DUP, Heaton, Good, Northern Ireland, Windsor, Thomson Locations: Northern Ireland, Northern, Windsor, London . London, United Kingdom, Dublin, U.S, British, Ireland, Stormont, London

☆ Tesla secret configuration allows select drivers to use Autopilot, FSD without a nag to take the wheel
▼ + stars: | 2023-06-20 | by ( Lora Kolodny | ) www.cnbc.com time to read: +4 min

When a Tesla vehicle has this mode enabled, it eliminates what owners of the cars refer to as the "nag." The researcher has nicknamed the feature "Elon Mode," but that is not the company's internal nomenclature for it, he said. Instead, Tesla driver assistance systems require a human driver to remain attentive and ready to brake or steer at any moment. Typically, when a Tesla driver is using Autopilot or FSD (or their variations), a visual symbol blinks on the car's touchscreen to prompt drivers to apply resistance to the steering wheel at frequent intervals. If the driver does not grasp the steering wheel, the nag escalates to a beeping noise.

Persons: Tesla, Elon Musk, Musk, Elon, GreentheOnly Organizations: Tesla, CNBC, FSD Beta, National, Traffic Safety, NHTSA Locations: Austin , Texas, United States, U.S

The new rule highlights how governments are reassessing their reliance on India's $42 billion pharmaceutical industry since the contamination came to light last year. India's industry supplies nearly half of the pharmaceuticals used in Africa. In April, India’s government said its officials had held meetings in Africa to ensure its drug exports did not suffer after at least 70 children died in Gambia after ingesting the cough syrup last year. "Quntrol shall conduct document verification, physical inspection of the consignment and sampling, for laboratory testing for each shipment," the letter said. Since June 1, India has made tests mandatory for all cough syrups before they are exported.

Persons: India’s, Janneh Kaira, Rajeev Singh Raghuvanshi, Raghuvanshi, Krishna N, Aurora Ellis Organizations: Reuters, Medicines Control Agency, MCA, Quntrol Laboratories, Bank, World Health Organization, Thomson Locations: DELHI, Gambia, India, Africa, Mumbai

☆ Red Bull can win everything but the gap may be closing
▼ + stars: | 2023-06-19 | by ( Alan Baldwin | ) www.reuters.com time to read: +3 min

June 19 (Reuters) - Red Bull boss Christian Horner recognised after Sunday's landmark Canadian Grand Prix that his runaway Formula One leaders could win every race this season. "On this venue yes, the gap is shorter... it's inevitable that they are closing, we'd be surprised if that wouldn't be the case," said Horner. If there is an Achilles' Heel in Red Bull's dominance, it is the current dependence on Verstappen for the top step of the podium. Should Verstappen suffer a setback, mechanical or otherwise, the chances of the second Red Bull coming through for the win are looking a lot less certain and rivals are sensing opportunities. Verstappen's last race retirement was in Australia in April 2022 and the last time he was beaten by someone not in a Red Bull was last November, when Mercedes's George Russell won in Brazil.

Persons: Red Bull, Christian Horner, Abu, Horner, Max Verstappen, Ayrton Senna's, McLaren, Alain Prost, Senna, Mercedes, Verstappen, Montreal's Circuit Gilles Villeneuve, Aston Martin's Fernando Alonso, Lewis Hamilton, we'd, Alonso, Aston Martin, Hamilton, Max, Sergio Perez, Perez, Red, Verstappen's, Bull, Mercedes's George Russell, Alan Baldwin, Clare Fallon Organizations: Prix, Sky Sports, Montreal's Circuit, Alonso in, Ferrari, Red Bull, Thomson Locations: Abu Dhabi, Australia, Spain, Alonso in Monaco, Montreal, Brazil, London

☆ Team by team analysis of the Canadian Grand Prix
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +4 min

Russell brought out the safety car when he hit the wall on lap 12. Stroll started 16th after a three-place drop for impeding. Gasly pitted just before the safety car period, while Ocon came in during it from fourth place. The German pitted on lap 11 before the safety car was deployed and fell back due to tyre degradation. Magnussen started 13th on hard tyres and stayed out when the safety car was deployed.

Persons: Montreal's Circuit Gilles Villeneuve, Max Verstappen, Sergio Perez, Verstappen, Ayrton Senna, Red, Bull, Perez, Lewis Hamilton, George Russell, Hamilton, Russell, Fernando Alonso, ASTON MARTIN, Lance, Alonso, Valtteri, Charles Leclerc, Carlos Sainz, Leclerc, Sainz, Ferrari, Esteban Ocon, Pierre Gasly, Gasly, Ocon, MCLAREN, Oscar Piastri, Lando Norris, Norris, ALFA ROMEO, Guanyu Zhou, Haas, Bottas, Zhou, HAAS, Nico Hulkenberg, Kevin Magnussen, Hulkenberg, Magnussen, Nyck de Vries, WILLIAMS, Alex Albon, Logan Sargeant, Williams, Albon, Sargeant, Yuki Tsunoda, Vries, Alan Baldwin, Sonali Paul Organizations: Montreal's Circuit, Miami, FERRARI, Alfa, Thomson Locations: Canada, Hamilton, Tsunoda, London

☆ Verstappen took chequered flag with dead bird on board
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: +1 min

MONTREAL, June 19 (Reuters) - Red Bull's advertising slogan is 'gives you wings' but Max Verstappen had the whole bird on board when he won Sunday's Canadian Formula One Grand Prix. Red Bull's double world champion reported a bird strike early in the 70 lap race at Montreal's Circuit Gilles Villeneuve and team boss Christian Horner provided more details. "I think the biggest moment he had was hitting a bird that did half the race behind the front right brake duct," he told reporters. Verstappen told Sky Sports television: "It was still stuck on my car when I came in, it didn't look great. Red Bull have won every race this season, Verstappen victorious in six of them, and are on course to smash records.

Persons: Max Verstappen, Montreal's Circuit Gilles Villeneuve, Christian Horner, Verstappen, Red, Sergio Perez, Bull, Alan Baldwin, Christian Radnedge Organizations: Montreal's Circuit, Sky Sports, Formula, Miami, Prix, Thomson Locations: MONTREAL, St Lawrence, London

☆ Max Verstappen dominates Canadian Grand Prix to equal Ayrton Senna victories total
▼ + stars: | 2023-06-19 | by ( Ben Morse | ) edition.cnn.com time to read: +4 min

CNN —Max Verstappen put in another dominant performance to win the Canadian Grand Prix on Sunday, bringing him level with Formula One legend Ayrton Senna’s victory total. The 25-year-old ties Senna’s career victory total, with the win also being Red Bull’s 100th team victory. Aston Martin’s Fernando Alonso finished 9.5 seconds behind Verstappen in second place with Mercedes’ Lewis Hamilton completing the top three. Later in the race, Verstappen avoided suffering a similar fate to that of Mercedes driver George Russell who, after colliding with the wall off of turn 8/9, was ultimately forced to retire. I didn’t have one lap where I could relax a little bit, so it was an amazing battle.”He added: “At the beginning I had a little bit more pace, and at the end I think Lewis had a little bit more pace.

Persons: Max Verstappen, Ayrton Senna’s, Verstappen, Sergio Pérez, Aston Martin’s Fernando Alonso, Mercedes ’ Lewis Hamilton, ” Verstappen, Clive Mason, Alain Prost, Sebastian Vettel, Michael Schumacher, Hamilton, Gilles Villeneuve, ”, “, Christian Horner, Mercedes, George Russell, Alonso, Lewis Organizations: CNN, Formula, Prix, Canadian, Getty, North, Sky Sports, Bull, Red Bull Locations: North America

☆ Toyota is trying to make electric vehicles with fake manual transmissions to appeal to consumer nostalgia
▼ + stars: | 2023-06-17 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +2 min

Future Toyota electric vehicles could include simulated manual transmissions. The new models will even simulate the experience of the car stuttering if drivers mess up. Toyota's future electric vehicles may come with an extra hit of nostalgia for seasoned drivers: a fake manual transmission. Those who never learned to drive a manual car will even be able to experience that initial terror of making mistakes. The fake manual transmission won't actually have any functional purpose.

Organizations: Toyota, Drivers, CNN

☆ Toyota's making an EV with a manual transmission
▼ + stars: | 2023-06-16 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +3 min

New York CNN —For those who find electric cars a bit boring, Toyota engineers are working on a realistic-feeling fake manual transmission as a possible feature. To be clear, a manual transmission on an electric car would serve absolutely no purpose. Toyota’s virtual manual transmission includes programming that will allow drivers to realistically experience using it badly, up to a point. If the driver doesn’t “give it enough gas” or selects the wrong gear the car will shake and buck, just like a gas-powered manual transmission car would. If the drivers don’t feel like using the fake manual transmission, they don’t have to.

Persons: holdouts, aren’t, doesn’t Organizations: New, New York CNN, Toyota, CNN Locations: New York, United States, Europe

He warned that contaminated medicines could still be found for several years, because adulterated barrels of an essential ingredient may remain in warehouses. Cough syrups and the ingredient, propylene glycol, both have shelf-lives of around two years. Unscrupulous actors sometimes substitute propylene glycol with toxic alternatives, ethylene glycol and diethylene glycol, because they are cheaper, several pharmaceutical manufacturing experts told Reuters. The WHO said it has also offered help to Liberia and Cameroon – which recently signalled that it too may have contaminated cough syrups for sale. The contaminated syrups in Liberia were made by India's Synercare Mumbai, according to the Nigerian regulator.

Persons: Rutendo Kuwana, Kuwana, –, syrups, Naresh Kumar Goyal, QP Pharmachem, India's Synercare, Synercare, It's, Jennifer Rigby, Krishna N.Das, Edward McAllister, Stanley Widianto, Sumit Khanna, Sophie Yu, Sara Ledwith, Michele Gershberg Organizations: World Health Organization, WHO, Reuters, Pharmaceutical, Marshall, Indonesian, –, PT Universal Pharmaceutical Industries, AFI, Pharmaceuticals, Marion Biotech, Maiden Pharmaceuticals, Thomson Locations: LIBERIA, CAMEROON, Liberia, Nigeria, Gambia, Uzbekistan, Micronesia, Indonesian, – Timor Leste, Cambodia, Senegal, Philippines, Cameroon, syrups, Marshall Islands, India's Synercare Mumbai, Nigerian, Liberian, India, Panama, Delhi, Dakar, Jakarta, Ahmedabad, Beijing

☆ Did You Know Teslas Can Fart? 6 Smart Devices With a Childish Sense of Humor
▼ + stars: | 2023-06-15 | by ( Julie Kling | ) www.wsj.com time to read: 1 min

BRAKE WIND Every Tesla offers ‘Emissions Testing Mode,’ which allows you to deploy fart noises throughout the cabin. Illustration: John W. TomacRECENTLY, I went to Austin, Texas, to help out a friend who had just given birth. It soon became clear that my postpartum assistance would mainly involve driving her Tesla around town to buy beer and Pampers. One day, while I was testing the limits of that 3.1 second 0-60 mph acceleration time—something my 2010 Honda CRV could only dream of—the empty passenger seat…farted.

Persons: John W, Tomac Locations: Austin , Texas

Growth in the euro zone is at best stagnating and inflation has been moderating for months, courtesy of lower energy prices and the steepest increase in interest rates in the ECB's 25-year history. But inflation in the euro zone is still unacceptably high for the ECB at 6.1% and underlying price growth, which typically excludes food and energy, is only starting to slow. That was set to keep the ECB on the tightening path, particularly after it failed to predict the current bout of high inflation and began raising rates later than many global peers last year. Two quarters of contraction in industrial powerhouse Germany dragged the euro zone into a shallow recession last winter and the economy is likely to eke out only modest growth this year. "The Governing Council’s past rate increases are being transmitted forcefully to financing conditions and are gradually having an impact across the economy," the ECB said in the statement.

Persons: Christine Lagarde, Francesco Canepa, Catherine Evans Organizations: European Central Bank, ECB, U.S . Federal Reserve, Staff, Reuters, Germany, Thomson Locations: FRANKFURT, ECB's

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