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VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit
VW's capital to Rivian isn't guaranteed, and neither is the success of the joint venture. Major automotive tie-ups don't always result in long-term successes.Business - CNBC - November 13 -
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The VW labour boss at war with management over plant closures
Daniela Cavallo views clash as existential fight for carmaking in Europe’s biggest economyBusiness - Financial Times - November 8 -
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VW launches $5.8bn tie-up with Tesla rival Rivian
The firms will share EV technology as they face slowing demand and competition from Chinese rivals.Top stories - BBC News - November 13 -
Inside VW and Rivian's $5.8 Billion Bet to Rescue Each Other
The world’s second-largest automaker and the Silicon Valley startup are trying to address each other’s core weakness.Business - The Wall Street Journal - November 13 -
The Unusual Power of VW's Union Boss Is Being Put to the Test
Daniela Cavallo faces the battle of her career as she fights what would be the first German factory closures in the automaker’s history.Business - The Wall Street Journal - 4 days ago -
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Rivian-Volkswagen joint venture deal rises to up to $5.8 billion, VW cars expected as early as 2027
The companies said the deal is now up to $5.8 billion, with the first VW models to use Rivian's software and electrical architecture arriving as early as 2027.Business - CNBC - November 12 -
UK borrowing costs hit highest level this year as gilt sell-off intensifies
Bond markets unnerved by scale of extra borrowing in chancellor Rachel Reeves’ BudgetBusiness - Financial Times - October 31 -
Western consumer groups unconvinced by China’s economic stimulus efforts
Falling sales for luxury, beauty and beer companies fuel doubts about Beijing’s attempts to boost confidenceBusiness - Financial Times - October 31 -
Trump hits three battleground states
Former President Donald Trump held campaign events in Pennsylvania, North Carolina and Georgia on Sunday. Nikole Killion reports.Top stories - CBS News - November 3 -
Trump and Harris make final push to break US election deadlock
Presidential candidates descend on Pennsylvania as polls in most crucial swing state show a dead heatBusiness - Financial Times - November 5 -
How violence became a theme of America’s election
Voters are on edge after a campaign season characterised by ‘unprecedented’ levels of extreme rhetoricBusiness - Financial Times - November 4 -
FirstFT: Bitcoin hits a record high
Also in today’s newsletter, Kremlin denies Putin spoke to Trump last week and America Inc’s new chief executiveWorld - Financial Times - November 11 -
Typhoon Man-yi Pounds the Philippines With Rain and High Winds
The storm, a Category 4, regained strength on Sunday afternoon.World - The New York Times - November 17 -
The rehabilitation of KPMG in the UK
The years of audit failings and regulatory fines at its UK business are over, but some worry the firm is still losing ground to rivalsBusiness - Financial Times - 5 days ago -
China’s Baidu joins Meta in race to make AI-integrated smart glasses
Launch comes as Chinese internet groups jostle for dominance in hardwareBusiness - Financial Times - November 13 -
US hits Russia’s Gazprombank with sanctions
Move in effect bans state-owned bank from global financial system in blow to payments for Moscow’s war effortBusiness - Financial Times - 3 days ago -
Beyoncé hits the campaign trail with Kamala Harris in Houston
Beyoncé joined Vice President Kamala Harris in Houston, Texas, while former President Trump spoke on Joe Rogan's podcast. NBC's Dasha Burns is in Detroit with more.Politics - NBC News - October 26 -
Mexico's Perez hits another bump in the road
Sergio Perez's self-proclaimed "terrible" season took another turn for the worse on Saturday.Sports - ESPN - October 27 -
Bozeman calls hit on Herbert 'one of dirtier plays'
Bradley Bozeman said what Nathan Shepherd did to Justin Herbert -- when Shepherd twisted and pulled down the QB long after he had thrown the ball -- was "probably one of the dirtier plays I've ever ...Sports - ESPN - October 28 -
Chile’s leftwing government hit by rape scandal
President Gabriel Boric’s flagging popularity falls further amid allegations against his former security secretaryBusiness - Financial Times - October 28 -
Trump hits 'nasty' Michelle Obama at Atlanta rally
Former President Trump attacked former first lady Michelle Obama during his rally in Atlanta on Monday, calling her “nasty” after Obama lobbed attacks at the former president while stumping for ...Politics - The Hill - October 28 -
FirstFT: Twin scandals hit PwC’s Asia profits
Also in today’s newsletter, the fallout from the Madison Square Garden rally and what happened to Project 2025?World - Financial Times - October 29 -
Washington Post cancellations hit 250,000 – 10% of subscribers
Reader backlash against decision not to make presidential endorsement rolls on despite Bezos defense of decision. Deterioration of the Washington Post’s subscriber base continued on Tuesday, hours ...World - The Guardian - October 29 -
Biogen’s stock hit by soft sales of Alzheimer’s treatment
“We continue to see momentum with ongoing product launches and we are increasingly excited about the potential of our pipeline,” the company’s CEO said.Business - MarketWatch - October 30 -
Inheritance tax reforms to hit business owners and farmers
Tax relief to be capped on assets worth more than £1mnWorld - Financial Times - October 30 -
Stellantis hit by sales slide in US and Europe
Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventoryWorld - Financial Times - October 31 -
Workers warned Budget tax rises will hit their wages
Economists say tax rises in the Budget will mean employers have less to give as pay rises.Top stories - BBC News - October 31
