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06 September
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Volkswagen CEO: smart cars, not e-cars, are ‘gamechanger’ By Reuters

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By Christoph Steitz and Jan Schwartz MUNICH (Reuters) - Volkswagen (DE:VOWG_p) head Herbert Diess on Sunday said autonomous cars, not electric vehicles, were the "real gamechanger" for the auto industry, which is facing the end of combustion engines in Europe by 2035. Diess' comments signal the pace at which the 62-year old tries to transform Europe's largest carmaker by basically saying that the shift towards battery-powered electric vehicles (EV), which still needs to be backed up by actual sales, was sealed. "Autonomous driving is really going to change our industry like nothing else before," Diess said...

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06 September
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Exclusive-Amazon considers more proactive approach to determining what belongs on its cloud service By Reuters

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By Sheila Dang (Reuters) - Amazon.com Inc (NASDAQ:AMZN) plans to take a more proactive approach to determine what types of content violate its cloud service policies, such as rules against promoting violence, and enforce its removal, according to two sources, a move likely to renew debate about how much power tech companies should have to restrict free speech. Over the coming months, Amazon will expand the Trust & Safety team at the Amazon Web Services (AWS) division and hire a small group of people to develop expertise and work with outside researchers to monitor for...

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05 September
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Germany’s auto show tries for more climate friendly image By Reuters

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By Victoria Waldersee and Nick Carey MUNICH (Reuters) - Germany's biggest motor show, taking place in Munich this week, is no longer just about cars. This year's IAA show, the first major motor industry event worldwide since the COVID-19 pandemic, wants to be about mobility in general, from bikes to e-scooters to cars. "Climate-friendly engines, the digital connectivity of transport - that's what this fair is about," Hildegard Müller, president of industry association VDA, which organises the bi-annual show, said at a pre-event press conference last week. "The goal of climate protection is guiding us."...

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05 September
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Boosted by surge in polls, Germany’s Scholz bets on coalition with the Greens By Reuters

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BERLIN (Reuters) - Germany's centre-left chancellor candidate Olaf Scholz wants to lead Europe's largest economy in a coalition government with the left-leaning Greens, though polls suggest he will need support of a third party to reach a stable majority in parliament. Scholz and his Social Democrats (SPD) have opened up a five-point lead over Chancellor Angela Merkel's conservatives ahead of a Sept. 26 national election that promises multiple coalition options and unusually complicated negotiations. "I would like to govern together with the Greens," Scholz told Tagesspiegel newspaper on Sunday, adding that the policy proposals of both...

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05 September
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German decision on Tesla subsidies expected by end of year By Reuters

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BERLIN (Reuters) - Germany will probably decide by the end of the year how much state aid U.S. electric vehicle maker Tesla will receive for its planned battery cell factory near Berlin, an economy ministry spokesperson said on Sunday. The European Union in January approved a plan that includes giving state aid to Tesla, BMW and others to support production of electric vehicle batteries and help the bloc to reduce imports from industry leader China. The EU's approval of the 2.9 billion euro ($3.45 billion) European Battery Innovation project, which includes more than 40 companies, follows...

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05 September
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EDF CEO says in-depth reform still key to group’s future By Reuters

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PARIS (Reuters) - An in-depth reform of French power group EDF (PA:EDF) remains key to the future of the state-backed utility, whose overhaul has been delayed by the French government, CEO Jean-Bernard Levy said on Sunday. EDF must accelerate its development in the nuclear sector and in renewable energy in response to climate change and demand from its customers for carbon-free energy, Levy also told French weekly Le Journal Du Dimanche. The reform of EDF, involving a broad restructuring of the group and the mechanism through which it sells nuclear power, was supposed to help debt-laden...

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05 September
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WTO chief seeks fishing, pandemic accords by year end By Reuters

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By Philip Blenkinsop BRUSSELS (Reuters) - The World Trade Organization needs results by the end of the year and must focus its efforts on securing a deal on fishing subsidies and finding a global response to the COVID-19 pandemic, its director-general said on Thursday. Ngozi Okonjo-Iweala said it was unclear whether the WTO's Nov 30-Dec 3 ministerial conference, normally held every two years but delayed from 2020, would be held in a physical or virtual format given COVID restrictions. "Really, it's the conversations in the corridors, the little meetings you have at the side, the...

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05 September
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Lurch to Right May Imperil Texas’s Attraction for Employers By Bloomberg

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(Bloomberg) -- In the past decade, Texas attracted almost 4 million people and a cavalcade of employers thanks to low taxes, lax regulation and thriving cities. But a defiant attitude toward Covid restrictions, new limits on voting access and now the nation’s strictest abortion law could undermine its appeal for future moves.  Companies including Apple Inc (NASDAQ:AAPL)., Toyota Motor (NYSE:TM) Corp. and Tesla (NASDAQ:TSLA) Inc. have moved operations and college-educated, creative-class workers to Texas in recent years; enclaves like Austin and Houston’s Montrose neighborhood felt a little like San Francisco with...

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05 September
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New Boeing 787 Dreamliners may not be delivered till late Oct -WSJ By Reuters

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(Reuters) - Boeing (NYSE:BA) Co's delivery of 787 Dreamliners will likely remain halted until at least late October as the U.S. Federal Aviation Administration has rejected the company's recent proposal to inspect them, the Wall Street Journal reported on Saturday. The FAA confirmed on July 12 that some undelivered Boeing 787s have a new manufacturing quality issue the company needs to fix before shipment. Airlines pay most of the purchase price upon delivery. Boeing met with FAA on Aug. 2 to persuade the agency to approve an inspection method that would speed deliveries with targeted checks...

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05 September
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Lagardere CEO: There is no conflict with Arnault By Reuters

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PARIS (Reuters) - Arnaud Lagardere, the CEO of Lagardere, denied on Sunday that he is having a conflict with luxury goods billionaire Bernard Arnault, who recently confirmed he was effectively cutting ties with Lagardere's personal holding company. "There is no divorce. On the contrary, we have been discussing it for a few months. Bernard Arnault continues to believe in the future of the Lagardere group, in its ability to bounce back, and in its strategy," Lagardere said in an interview with weekly Le Journal du Dimanche, which he owns. "The best proof of his trust is...

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