Climate Leaders Debate
Director of ESG research at Bloomberg Intelligence, Eric Kane, explores how ESG-related incidents can impact a company's financial standing at the Bloomberg Sustainable Business Summit 2025 in London. (Source: Bloomberg)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNBC
32 minutes ago
- CNBC
Tesla head of manufacturing Omead Afshar fired by Elon Musk
Tesla CEO Elon Musk has fired Omead Afshar, the automaker's vice president of manufacturing and operations, CNBC has confirmed, following declines in car sales in key markets this year. Afshar, who reported directly to Musk, led a team of more than a half-dozen high level employees, according to internal organizational charts viewed by CNBC. Forbes first reported that Afshar was dismissed by Musk. Bloomberg reported earlier that Afshar had left the company. Executives on Afshar's team included Troy Jones, who is Tesla's vice president of North American sales, and Joe Ward, vice president of the Europe, Middle East and Africa region. Also on his team was Karen Steakley, who now leads business development and policy for Tesla, and previously held the role of deputy director for legislative affairs for Texas Republican Governor Greg Abbott. CNBC reached out to Afshar and to other Tesla executives as well as board members. They didn't immediately respond to requests for comment. Afshar was the subject of an internal investigation at Tesla in 2022, Bloomberg reported, which had focused on his orders of hard-to-get construction materials, including a special kind of glass for a secretive project for Musk. Following that probe, Afshar also worked for SpaceX, Musk's aerospace and defense contractor, but had returned to Tesla and was promoted to the vice president role. Afshar's termination follows the resignation of Milan Kovac, previously head of Tesla's Optimus humanoid robotics program, earlier this month. Kovac said in a post on X that he was leaving in order to spend more time with his family. Musk has thanked Kovac publicly for his work. Tesla's stock price is down 19% this year, badly underperforming the Nasdaq and most of its megacap tech peers. Tesla new car sales in Europe fell for a fifth straight month in May, according to data published on Wednesday from the European Automobile Manufacturers Association, or ACEA, as customers pivot to cheaper Chinese electric vehicles. The company has faced brand and reputational damage in the past year, largely due to Musk's incendiary rhetoric and political activity. Musk spent nearly $300 million to help elect U.S. President Donald Trump to a second term and then led an initiative to slash federal agencies and their resources. Musk also formally endorsed and promoted Germany's far-right, anti-immigrant AfD party.
Bloomberg
an hour ago
- Bloomberg
Bloomberg Intelligence: Shell Says It Has No Intention of Making an Offer for BP
Watch Paul LIVE every day on YouTube: Bloomberg Intelligence hosted by Paul Sweeney and Norah Mulinda -Will Hares, Bloomberg Intelligence Senior Global Energy Analyst, discusses Shell saying it has not been actively considering making an offer for BP, has not made an approach and no talks have taken place with BP with regards to a possible offer, according to a statement. - Jonathan Palmer, Senior Equity Research Analyst at Bloomberg Intelligence, discusses Walgreens earnings. Walgreens Boots Alliance reported quarterly profit that beat Wall Street's expectations, with adjusted earnings per share of 38 cents and revenue of $39 billion. -Jake Silverman, Bloomberg Intelligence Semiconductor Analyst, recaps Micron earnings. Micron Technology gave an upbeat forecast for the current quarter, driven by demand for artificial intelligence equipment, particularly high-bandwidth memory.
Washington Post
an hour ago
- Washington Post
Spain's leader sticks by decision to break with NATO on spending despite Trump tariff threats
MADRID — Spanish Prime Minister Pedro Sánchez walked away from this week's NATO summit with an opt-out from spending more on defense. He also left with fresh threats of tariffs from U.S. President Donald Trump. On Thursday, the progressive Spanish leader stuck by his decision to break with NATO allies and responded to Trump's comments by pointing out that the European Commission — and not Spain — was who decided the bloc's trade policy. 'What is clear is that trade policy is a policy directed from here, from Brussels,' Sánchez said. 'Spain is an open country. It is a country that is friendly to its friends, and we consider the United States a friend of Spain.' At the military alliance's summit Wednesday, members agreed to raise their defense spending to 5% of GDP. But Sánchez secured a last-minute exemption, saying that Spain will only spend up to 2.1%, which he called 'sufficient and realistic.' Trump criticized Spain after the summit, saying the country wanted 'a little bit of a free ride,' and that it would 'have to pay it back to us on trade' through higher tariffs. How Sánchez's gamble could play out was up for debate on Thursday. 'It is not always easy to interpret exactly what Mr. Trump means,' Belgian Prime Minister Bart De Wever told reporters at an EU summit. 'How he wants to impose import tariffs on Spain separately is a mystery to everyone. Could this perhaps concern specific products from Spain? We will have to wait and see.' Spain's move on the international stage comes at a complex moment for Sánchez at home as corruption cases involving his inner circle have ensnared his Socialist party and resulted in louder calls — even from some leftwing allies — to announce early elections. So far, Sánchez has refused. 'To Trump's theatre, Sánchez responds with something similar,' said Montserrat Nebrera, political analyst and professor of constitutional law at the International University of Catalonia. 'Domestic problems are piling up, and this resistance to meeting the arbitrary 5% target also seeks to wink at his partners most critical of defense spending.' Spain was NATO's lowest spender last year, according to the alliance's estimates, spending around 1.28% of its GDP on defense expenditure. In April, Sánchez announced that the country would reach 2% this year, for which he was criticized by some leftwing allies. On Thursday, Antonio Garamendi, president of the Spanish Confederation of Business Organizations, criticized Sánchez for the spending opt-out. 'We have to stick with with our allies and not going along with the other Europeans is an error, and even more so if that increases the chance we will be punished,' Garamendi said. While Spain is under the umbrella of the European Union, which negotiates trade deals on behalf of all 27 member countries, it could still be targeted by tariffs that hit its most vulnerable industries, Garamendi said. He specifically pointed to Spanish steel, cars and olive oil sectors. 'There are industries that can be impacted, and that has to concern us,' he added. ___ Wilson reported from Barcelona. AP journalist Lorne Cook contributed from Brussels.
