Germany


Major EU states, IMF and even Bezos back minimum corporate tax rate

Major EU states, IMF and even Bezos back minimum corporate tax rate

(ATF) Germany, France and the International Monetary Fund were quick and emphatic in their endorsement of the US proposal for a global minimum tax rate for corporations on April 6. Even Amazon CEO Jeff Bezos – who has faced withering criticism from new US President Joe Biden for his company's …

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Lithium’s frenzied rise could have a calming geopolitical effect

Lithium’s frenzied rise could have a calming geopolitical effect

(ATF) The price of lithium has risen almost 90% since the start of 2021, putting the metal on course to more than double in price by the end of the first quarter. A global commodity boom appears to be underway but even among in-demand metals lithium is seeing particularly keen …

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VW expects EVs to account for half of China sales by 2030

VW expects EVs to account for half of China sales by 2030

(ATF) German automobile giant Volkswagen is aiming for electric vehicles (EVs) to account for 70% of European sales and and 50% of China and US sales of its flagship VW marque by 2030.The European figure is double its previous target, prompted by stricter legislation. “We are stepping up the pace. …

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Crunch week looms for yields and relative US/China value

Crunch week looms for yields and relative US/China value

(ATF) A spike in US Treasury yields is causing investors to reassess their global risk exposure. Warren Buffett warned this weekend that “bonds are not the place to be”, but Chinese corporate debt offers a big enough spread pick-up to provide comfort about returns.A wave of Treasury selling that took …

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News Corp agrees global content deal with Google

News Corp agrees global content deal with Google

(ATF) Rupert Murdoch’s News Corp struck a global news deal with Google, the media company said on Wednesday February 17, in the most extensive agreement yet for news content with big tech.The two companies will develop a subscription platform, share advertising revenue through Google’s ad technology services, build audio journalism …

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Biden and G7 'open to more IMF support for poor countries'

Biden open to more IMF support for poor countries

(ATF) Group of Seven finance ministers are likely to back new funding support via the International Monetary Fund's "special drawing rights" to help low-income countries hit hard by the coronavirus pandemic, at an online meeting late on Friday (Feb 12), sources have revealed.Officials from the United States, the IMF's biggest …

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Tesla disappoints as China EV rivals hurt margins

Tesla disappoints as China EV rivals hurt margins

(ATF) Tesla fourth-quarter profit fell short of Wall Street expectations on Wednesday January 27 and the company failed to provide a clear target for 2021 vehicle deliveries. Fierce electric vehicle (EV) competition in China hit margins and Tesla’s stock fell, pulling down shares in Chinese rival Nio.The disappointing Tesla results …

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Taiwan asks TSMC to explain the shortage of semiconductors 

Taiwan asks TSMC to explain the shortage of semiconductors 

(ATF) – Taiwan’s economics minister has grilled executives from Taiwan Semiconductor Manufacturing Co to explain the global shortage of automotive microchips, the ministry said on Monday January 25.The minister, Wang Mei-hua, said TSMC told them they would “optimise” the production process of chips to make it more efficient and prioritise …

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China bond market now too big for West to ignore, say fund managers

China bond market now too big for West to ignore, say fund managers

China's $16 trillion sovereign debt market - a large, A+ rated market that pays 3% yields, with minimal volatility - is becoming too big to ignore, even for the most risk-averse Western investors.The nation is looking increasingly alluring for European pension funds swimming in sub-zero bond yields as ageing populations …

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China needs to take its hydrogen game to a new level

China needs to take its hydrogen game to a new level

(ATF) A lot of news has broken recently about developing hydrogen to help displace the use of fossil fuels, including natural gas, the cleanest burning fossil fuel. However, it appears at this junction that the industry still has a long way to go to help the fuel address climate change …

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