A suspected Russian interference attack targeting the president of the European Commission, Ursula von der Leyen
The Russian interference disabled GPS navigation services at a Bulgarian airport and forced the commission president’s plane to land using paper maps. Source: FT
What a headline by The Telegraph...
Source: The Telegraph
😨 New European car registrations of Tesla vehicles totaled 8,837 in July, down 40% year-on-year, according to the European Automobile Manufacturers Association, or ACEA.
🏆 BYD recorded 13,503 new registrations in July, up 225% annually. 🚨 Elon Musk’s automaker faces a number of challenges in Europe, including intense ongoing competition and reputational damage to the brand. Source: CNBC
2 similar headlines in the same week... but by the way, could the imf rescue them at the same time?
Can they really afford it???
$UBER announces the launch of Uber Trains
From 2029, 10 high-speed trains could connect Stratford Intl to Brussels, Paris, Lille & more via the Channel Tunnel. Partnering with Gemini Trains, tickets may be booked directly in the app alongside cabs, bikes and more. ➡️ Transport multinational Uber, known for its ride-hailing app, has announced it is launching a new train service between the UK, France and Belgium. ➡️ Uber Trains aims to run 10 high-speed trains from London to Paris, Lille and Brussels using the Channel Tunnel. ➡️ The trains will depart from Stratford International Station in East London and are expected to initially focus on the London to Paris route. Passengers would be able to book tickets via the Uber app. ➡️ Uber will partner with start-up Gemini Trains to launch the new service, which could be operational as soon as 2029, subject to receiving the necessary permits.
‼️Caretaker Prime Minister Dick Schoof is staring down a no-confidence vote today that could force his entire cabinet to resign.
➡️ His fragile government was gutted Friday when the New Social Contract party quit over disagreements on taking a tougher stance against Israel’s war in Gaza. ➡️ The NSC supported stronger measures, while the rest of the cabinet - including Schoof - refused to take that line. ➡️ Now left with just 32 of 150 seats, Schoof’s survival hinges on backing from opposition parties - many of whom are making demands he can't meet. ➡️ A collapse would plunge the Netherlands into uncharted political chaos, just months before a scheduled October election. Source: Bloomberg
France has done nothing to stabilize its fiscal deficit & debt/GDP.
It already has the highest tax burden in Europe. These higher taxes would throttle growth potential even more. With its political paralysis it won’t cut spending neither. Next confidence vote is coming. And OAT spreads seem to start reflecting that. Source: Michel A.Arouet, INSEE
Prime Minister Bayrou is calling for a confidence vote, risking another collapse of the French government.
OAT-Bund spread keeps widening Source: Blokland Research
