European security policy
France: Defense fund for private individuals to be opened
A new fund will allow private individuals in France to invest in the defense industry. This is what Economy Minister Eric Lombard says in a television interview, DI writes.
The state bank BPI France is behind the fund, where investors' money will be locked in for at least five years.
- For those who have savings, it is a way to prepare for the future, says the minister.
DI draws parallels to the 20th century war bonds that were used during the world wars to pay for military investments without affecting state finances.
France: Defense fund for private individuals to be opened
A new fund will allow private individuals in France to invest in the defense industry. This is what Economy Minister Eric Lombard says in a television interview, DI writes.
The state bank BPI France is behind the fund, where investors' money will be locked in for at least five years.
- For those who have savings, it is a way to prepare for the future, says the minister.
DI draws parallels to the 20th century war bonds that were used during the world wars to pay for military investments without affecting state finances.
Trump's tariffs
The White House: Trump is very clear about his tariff plans
The US will introduce "substantial tariffs" on April 2, White House press spokeswoman Karoline Leavitt said at a press conference on Thursday.
– The president will highlight the unfair trade practices, the ways in which the United States has been blown by all countries around the world, quite honestly.
She also tells reporters that the president is “very clear about his plans for April 2,” writes AFP.
The White House: Trump is very clear about his tariff plans
The US will introduce "substantial tariffs" on April 2, White House press spokeswoman Karoline Leavitt said at a press conference on Thursday.
– The president will highlight the unfair trade practices, the ways in which the United States has been blown by all countries around the world, quite honestly.
She also tells reporters that the president is “very clear about his plans for April 2,” writes AFP.
Political situation in Turkey
Turkey panics raises interest rates to 46 percent
Turkey’s central bank is raising the overnight lending rate by 200 basis points to 46 percent in connection with an unscheduled crisis meeting on Thursday, writes Bloomberg. The weekly repo rate is left unchanged at 42.5 percent.
The decision is to help the central bank support the struggling currency. Turkey’s currency, the lira, fell to a record low against the US dollar after yesterday’s arrest of opposition politician and Istanbul mayor Ekrem Imamoglu. Independent economist Arda Tunca tells CNBC that the arrest has caused foreign investors to lose confidence in the Turkish economy and currency.
– Today is history and a new dimension in Turkey's breakaway from democracy.
Tesla's future
Tesla recalls 46,000 Cybertrucks – panel may fall off
Tesla is recalling almost all 46,000 Cybertrucks sold during the model's first 15 months on the US market. This is reported by several media outlets, citing a notification to the National Highway Traffic Safety Administration (NHTSA).
According to the notification, the problem is a panel on the outside of the car that can come off while the car is being driven.
Reuters writes that the recall could be the latest in a series of problems for Tesla, whose stock has been steadily falling on the stock exchange.
Swedish pension giants remain in Tesla – so far
Swedish pension giants have not yet followed their Danish counterparts, who have sold their Tesla shares and blacklisted the company, citing its union opposition and Musk's political statements. This is reported by Afv.
– It is a worrying development we are seeing around Tesla, and it is therefore not possible to rule out that AP7 will blacklist the company if no other ownership control measures have sufficient effect, says Head of Communications Mikael Lindh Höök at AP7.
Other giants, such as Skandia, SPP, AMF and Folksam, highlight Musk's side assignments and shortcomings in corporate governance as problems. Several pension companies tell Afv that they are trying to influence Tesla's actions and that they are considering exclusion.
Tesla recalls 46,000 Cybertrucks – panel may fall off
Tesla is recalling almost all 46,000 Cybertrucks sold during the model's first 15 months on the US market. This is reported by several media outlets, citing a notification to the National Highway Traffic Safety Administration (NHTSA).
According to the notification, the problem is a panel on the outside of the car that can come off while the car is being driven.
Reuters writes that the recall could be the latest in a series of problems for Tesla, whose stock has been steadily falling on the stock exchange.
Swedish pension giants remain in Tesla – so far
Swedish pension giants have not yet followed their Danish counterparts, who have sold their Tesla shares and blacklisted the company, citing its union opposition and Musk's political statements. This is reported by Afv.
– It is a worrying development we are seeing around Tesla, and it is therefore not possible to rule out that AP7 will blacklist the company if no other ownership control measures have sufficient effect, says Head of Communications Mikael Lindh Höök at AP7.
Other giants, such as Skandia, SPP, AMF and Folksam, highlight Musk's side assignments and shortcomings in corporate governance as problems. Several pension companies tell Afv that they are trying to influence Tesla's actions and that they are considering exclusion.
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