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Musk joins VW executive event as ‘surprise guest’

Axel springer award ceremony in berlin

Bloomberg Elon Musk made a surprise appearance at a Volkswagen AG conference, addressing 200 executives of one of his biggest competitors about the German company’s pivot to electric vehicles, his management style, and supply chain and production issues. In a rare move by a corporate titan addressing a competitor, Tesla Inc’s chief executive officer spoke in the video conference at ...

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Switzerland warns big firms ‘may have to cut power use’

Bloomberg Switzerland will warn major industrial users they could be forced to save electricity this winter in a bid to avoid large-scale blackouts, NZZ am Sonntag reported. About 30,000 companies that each consume more than 100,000 kilowatt hours per year are being sent a letter from Ostral, the crisis-management organisation for the sector. They could be asked to reduce consumption ...

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Supply chain chaos, surging costs set to plague Europe’s Q3 profits

Week in pictures england

Bloomberg Cost pressures, supply-chain chaos and a reopening letdown are set to plague Europe’s third-quarter earnings season, setting investors up for more disappointment than elation. While strong numbers from behemoths like LVMH and SAP SE reassured European stock investors last week, further good news may be needed to keep the rally alive. Rising inflation and a stalling global recovery pose ...

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