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Watch CNBC's full interview with BaFin President Mark Branson

Watch CNBC's full interview with BaFin President Mark Branson

CNBC07-05-2025
Monday - Friday, 08:00 - 11:00 CET | 14:00 - 17:00 HK/SG Squawk Box Europe Podcast
Mark Branson, president of German financial watchdog BaFin, discusses market risks and regulation at the regulator's annual press conference.
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Bayern Munich ends commercial sponsorship deal with Rwanda, shifts to football development
Bayern Munich ends commercial sponsorship deal with Rwanda, shifts to football development

Business Insider

time21 hours ago

  • Business Insider

Bayern Munich ends commercial sponsorship deal with Rwanda, shifts to football development

German football giants, Bayern Munich has officially ended its commercial sponsorship agreement with the government of Rwanda, concluding a partnership that had aimed to promote the East African nation as a tourism and investment destination. Bayern Munich concluded its sponsorship agreement with the Rwanda government, transitioning to a developmental partnership. The revised three-year deal focuses on expanding Bayern's Youth Academy in Kigali for football talent development. Criticism regarding Rwanda's human rights record and DRC conflict influenced the change in the partnership. The deal, which had drawn scrutiny in both Germany and Rwanda, has now been restructured. According to a statement on FC Bayern Munich's official website, the club and the Rwanda Development Board (RDB) have agreed to a new three-year arrangement that shifts the focus from tourism promotion to football development. Under the revised partnership, Bayern will expand its Youth Academy in Kigali, transitioning the relationship from a marketing sponsorship to a developmental initiative centred on talent cultivation and social impact. 'In constructive talks about our future direction, we agreed that a very special part of our relationship with RDB was the developmental nature of our work in Kigali through the FC Bayern Academy, ' said Jan-Christian Dreesen, CEO of FC Bayern Munich. ' We are therefore transforming our commercial partnership into a talent programme and expanding the FC Bayern Academy in Kigali together with the RDB as both a football and social initiative. This remains perfectly aligned with our strategic objective of developing playing talent in Africa. ' While the club's statement avoided directly addressing the reasons behind the change, German media widely reported that the decision followed increasing criticism of Rwanda's human rights record and its alleged support for armed groups involved in the ongoing conflict in the Democratic Republic of the Congo. Human rights, DRC conflict may have spurred Bayern exit Launched with Arsenal and PSG before extending to Bayern in 2023, the 'Visit Rwanda' campaign aimed to position the country as a global tourism hub. Rwanda reportedly paid Bayern €10 million annually for branding and youth football programs. While not officially stated, Bayern's withdrawal is widely linked to growing criticism of Rwanda's human rights record and its alleged role in the DRC conflict. The decision comes amid growing scrutiny in Germany of partnerships with authoritarian-leaning governments, particularly those involving state-funded tourism campaigns. In February, Bayern Munich supporters publicly expressed their disapproval, displaying a banner at a home match that accused the club of 'betraying its values' through the Rwanda partnership. Kigali has faced sustained allegations of suppressing dissent and supporting rebel groups destabilizing eastern DRC. This, combined with pressure from German media, civil society groups, and political figures, intensified calls for Bayern to reconsider its ties. The DRC government also urged international partners to distance themselves from Rwanda as violence in the region escalated. For Rwanda, the termination represents a reputational blow. The Kagame government has prioritized sports diplomacy, most notably through high-profile sponsorships with clubs like Arsenal, PSG, and Bayern, as a tool to reshape international perceptions and attract tourism.

Learn up to 14 languages without leaving your couch
Learn up to 14 languages without leaving your couch

New York Post

timea day ago

  • New York Post

Learn up to 14 languages without leaving your couch

Discover startups, services, products and more from our partner StackCommerce. New York Post edits this content, and may be compensated and/or receive an affiliate commission if you buy through our links. TL;DR: Learn up to 14 languages for life with Babbel's lifetime subscription for only $159 with promo code LEARN until August 25. 14 languages, one subscription — English, Spanish, German, French, and more, all included Lessons designed by over 100 linguists, backed by research from top universities 10–15 minutes per session so you can fit study into your commute, lunch break, or coffee run Real‑life topics like ordering food, giving directions, and networking with clients AI conversation partner to simulate real chats and help you think in your target language Advanced speech-recognition technology for pronunciation that won't get you side‑eyed by locals Personalized review sessions that adapt to your learning pace and reinforce what sticks Offline access so you can keep learning on a plane or in a Wi‑Fi dead zone Lock in lifetime access to Babbel Language Learning before August 25 for just $159 with coupon code LEARN. StackSocial prices subject to change.

Developer unveils AI-powered innovation that could boost EV performance: 'Making a significant contribution'
Developer unveils AI-powered innovation that could boost EV performance: 'Making a significant contribution'

Yahoo

timea day ago

  • Yahoo

Developer unveils AI-powered innovation that could boost EV performance: 'Making a significant contribution'

German engineers are taking more precise measurements inside the cramped, hot confines of electric vehicle motors. And their innovative diagnostic setup will have range-boosting potential, according to a news release from developer ZF. The product, called TempAI, uses artificial intelligence to improve temperature control by 15%. It's an invention that boosts efficiency, reduces the need for rare and expensive materials, and shortens development times from months to days, per ZF. "We are proud to bring this innovation into series production and thus making a significant contribution to more efficient e-mobility," Otmar Scharrer, ZF's head of development for electrified powertrain technology, said in the release. Generally, electric motors use power from the battery to drive the wheels. Cooling systems, controllers, and other tech are typically part of the setups, per the U.S. Department of Energy. ZF's AI software doesn't require more hardware add-ons. The temperature analysis requires low energy but provides fast, actionable metrics for existing control units. As a result, the motors can operate to their safest limit, giving 6% more peak power, while reducing energy consumption up to 18%. The performance was proved during testing, according to ZF. "This technology enables us to further increase the efficiency and reliability of our drives. At the same time, TempAI demonstrates how data-driven development can be not only faster, but also more sustainable and more powerful," Dr. Stefan Sicklinger, head of AI, digital engineering, and validation in research and development, said in the release. AI is being used by experts at the University of Liverpool to develop a better EV battery electrolyte. In China, advanced computing is helping scientists better understand nuclear fusion reactors. At ZF, it is giving experts an inside look at e-motors through millions of data points. "TempAI is a real technological breakthrough for the temperature management of electric drives." Scharrer said in the release. The improved performance could help increase already strong EV numbers. BloombergNEF reported that experts expect 22 million EVs to be sold globally this year. It would be a 25% jump from last year. Would you be more likely to get an EV if it came with a free home charger? Definitely Depends what the car costs Depends how fast it charges Not really Click your choice to see results and speak your mind. That's despite slowing numbers stateside — mainly due to fossil-friendly energy policy that leverages "a mighty federal arsenal," according to Politico. EV tax credits worth up to $7,500 are being retired years early, on Sept. 30, CNBC reported. The clean energy cutbacks are part of President Donald Trump's spending bill. Still, certain states provide their own incentives. That's in addition to the approximately $1,500 a year EV owners can save in gas and service costs. What's more, each EV that replaces a gas-guzzling ride prevents thousands of pounds of heat-trapping air pollution annually, according to the DOE. Tailpipe exhaust and other fumes are released when fossil fuels are burned, polluting the air with toxic substances that contribute to 6.5 million deaths worldwide a year, per the National Institute of Environmental Health Sciences. Hastening the shift to cleaner transportation can help clear the air. At ZF, the team thinks its AI-powered motor monitoring will be an important process during development that replaces costly measurements taken during operation and improves EV performance. "The result: more power, less unused reserves — and a leap in efficiency that pays off," per the release. Join our free newsletter for weekly updates on the latest innovations improving our lives and shaping our future, and don't miss this cool list of easy ways to help yourself while helping the planet.

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