Bloomberg Intelligence: Merz Confirmed as German Chancellor After Second Parliament Vote
Watch Alix and Paul LIVE every day on YouTube: http://bit.ly/3vTiACF. Bloomberg Intelligence hosted by Paul Sweeney and Alix Steel Today's Podcast Features are: Ros Mathieson, Bloomberg News Director for Europe, the Middle East and Africa, discusses German Parliament backing Friedrich Merz as German Chancellor. Mandeep Singh, Bloomberg Intelligence Senior Tech Industry Analyst, discusses DoorDash announcing two multibillion-dollar acquisitions: buying London-based delivery company Deliveroo Plc for £2.9 billion and hospitality tech company SevenRooms Inc. for $1.2 billion. Bess Freedman, Chief Executive Officer at Brown Harris Stevens, discusses the state of commercial real estate. Topics include: CRE Lending Rebound Amid Lingering Uncertainty, Retail Sector Faces Ongoing Challenges, and Retail Sector Faces Ongoing Challenge. Pol Lezcano, BloombergBNEF Senior Associate, gives his outlook for clean energy. BNEF says clean energy buildout (solar, onshore wind and energy storage) in the US won't slow down despite Trump's efforts to build more fossil fuel power generation and nuclear.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Motor 1
21 minutes ago
- Motor 1
VW's New EV Platform Still Supports Combustion Engines
It's been a little over four years since Volkswagen announced SSP, its all-encompassing electric vehicle architecture. The Scalable Systems Platform was originally expected to be ready by now, but it has been delayed until later this decade. Multiple reports from German media attributed the setback to VW's software division, Cariad. However, the automotive conglomerate is now ready to discuss SSP, and there's a surprise. Although SSP is primarily an electric platform, it will also support combustion engines. VW Group plans to introduce range extenders, with internal combustion engines functioning solely as generators to charge the battery. Like the BMW i3, Mazda's rotary MX-30 , and the upcoming Ramcharger, these engines won't have a mechanical link to the wheels. Nissan's e-Power technology follows a similar principle: the gasoline engine powers the battery, not the drivetrain. Photo by: Volkswagen Volkswagen had already indicated its interest in range extenders. Its newly established Scout brand will launch a pickup and an SUV equipped with naturally aspirated ICE generators . In China, the recently unveiled ID. Era concept previews a three-row SUV developed with SAIC, also featuring a gasoline-powered generator. SSP is a major initiative for VW. It will serve as the foundation for models across all its brands and will eventually replace all existing electric platforms. A teaser image shows five different body styles, ranging from a city hatchback to a large SUV. Automotive News reports that there will be eight derivatives in total, covering every segment of the market. Next-generation EVs based on SSP are expected to begin rolling out in 2026, likely debuting in China before arriving in Europe a year later. We may not see this technology in Europe, where VW CEO Thomas Schäfer believes plug-in hybrids are the more viable option. He told Autocar that range extenders are expensive to engineer, while today's plug-in hybrids already offer decent electric range and fast charging. According to Schäfer, offering both solutions wouldn't be economically feasible. Photo by: Volkswagen One of the most significant models to use the SSP platform will be the ninth-generation, electric-only Golf. It's scheduled to arrive near the end of the decade and will coexist with the combustion-engine Mk8 for several years. VW may keep the current Golf on sale until the mid-2030s . The electric Golf will be built in Wolfsburg, while production of the ICE model will move to the Puebla plant in Mexico in 2027. With SSP's key specifications now finalized, VW Group CEO Oliver Blume stated: 'We aim to be the global technology driver for the automotive industry. SSP will play a crucial role in this. We've reached an important milestone in developing our electric future platform. Now it's full steam ahead to implementation.' Catch Up With VW: Volkswagen Is Making Less Money Because It's Selling More EVs Volkswagen Could Give Ford More Reskinned Cars Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Source: Volkswagen Group Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Bloomberg
25 minutes ago
- Bloomberg
Boaz Weinstein Ready to Plow Billions More Into UK Trust Fight
Weeks after scoring a string of wins in his high-profile campaign for better returns from UK investment trusts, here is activist hedge fund manager Boaz Weinstein's latest message for the industry: I'm not going anywhere. 'I'm here and I'm ready to buy billions more of whatever is for sale and not effective,' Weinstein said in an interview. The comments come after he struck agreements with London-listed funds run by Janus Henderson Group Plc and Manulife Investment Management — two of the trusts he had campaigned against.
Bloomberg
an hour ago
- Bloomberg
Italy's Economy Still Seen Growing 0.6% Amid Consumer Demand
Italy's statistics institute issued a growth forecast for 2025 matching that of the government two months ago, suggesting it sees the economy holding up against a backdrop of global trade tensions. Gross domestic product will rise 0.6% this year and then 0.8% in 2026, according to a report by ISTAT in Rome published on Friday. That chimes with the outlook from Prime Minister Giorgia Meloni's government, which halved its prediction for growth in projections released in early April.
