Volkswagen’s U-turn

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The Federal Reserve has raised rates for the first time since 2023, and the EU has asked China to restrict exports of hybrid cars as part of a deal to prevent a trade war. Plus, AI has revolutionized warfare.Mentioned in this podcast:Federal Reserve defies Donald Trump with first ...  Show more

On today's podcast: (1) The EU's Ursula von der Leyen tells Bloomberg China's massive EV subsidies need to be investigated. (2) Rishi Sunak considers pushing back the 2030 ban on new petrol and diesel cars. (3) The CBI calls off its AGM at the last minute, amid 'cash-flow challen ...  Show more

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) China’s central bank lowered the interest rate charged on its one-year policy loans by the most on record, kicking off a sweeping program to revive confidence in the world’s second-large ...  Show more

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) French Prime Minister Francois Bayrou proposed scrapping two national holidays, part of a drastic effort to repair public finances that’s set to unleash a parliamentary backlash in the fal ...  Show more

Volkswagen is facing a crisis. Often considered a symbol of Germany’s industrial power, it’s now reckoning with a difficult transition to electric vehicles, among other issues. And now, management is considering breaking a long-held taboo: closing German factories. Patricia Ni ...