LONDON (Reuters) - Britain is planning to create new powers to block or unwind foreign takeovers amid concerns that investment in certain sectors of the economy such as defense and technology could compromise national security. Britain's Prime Minister Theresa May answers questions during a Q&A session with employees at the Armstrong Works engineering facility, which is part of the Recce Group, in Newcastle upon Tyne, Britain, July 23, 2018. REUTERS/Russell Cheyne The decision to tighten the screening of foreign investment rules marks a further shift in policy for the world’s fifth-largest economy which has traditionally been one of the most open markets to global mergers and acquisitions. Britain is pressing ahead with the changes in parallel with similar efforts in other western economies such as Germany and Australia amid growing levels of Chinese investment. Under the new rules, the government will broaden its power to investigate deals regardless of the size … [Read more...] about Britain proposes tougher foreign investment rules to protect…
Joachim Löw has chosen to stay on as coach of the German national team despite a historic debacle at the World Cup in Russia, German media are reporting. The World Cup winning coach will not give up his role despite the Nationalelf crashing out of the 2018 tournament at the group stage, Bild and the Süddeustche Zeitung reported on Tuesday. The German Football Association (DFB) has still not confirmed the decision. The trainer, who won the World Cup with Germany in 2014, signed a contract with the DFB before this year’s tournament to stay on as coach until 2022. The SZ reports that the executive committee of the DFB decided to stick with Löw during a telephone conference last Friday. After the defeat to South Korea in the last group game that pushed Germany through the exit door, Löw said that “deep-reaching measures” needed to be taken to put the team back on track. The trainer took over from Jürgen Klinsmann as head coach in … [Read more...] about Löw to stay on as Germany coach: report
Who are the main players? Horst Seehofer, the 68-year-old leader of the Christian Social Union (CSU) and federal Interior Minister. Seehofer is about to turn 69 and has been head of the CSU for a decade. Once seen as the saviour of the Bavarian party, he is now being challenged by Markus Söder, a hardliner 17 years his junior, who wants to take over the party's leadership. Angela Merkel, Chancellor since 2005 and head of the Christian Democrats (CDU). She is Seehofer’s boss but the two have never had an easy relationship. He already resigned from a position in her team in 2004 when the two had a falling out over health insurance policies. What is the argument about? Seehofer wants to be able to turn asylum seekers back at the German border if they have already been registered in another European country. Border police would check the people’s fingerprints against a Europe-wide database. If they came up as registered in another country, the police could refuse … [Read more...] about What you need to know about the conflict paralyzing German politics
I have a 132 VW Cross Polo with 71,000kms on the clock, which I want to trade in against an automatic SUV. Driver support seating is important for my back. I am interested in a hybrid to save on fuel costs and tax rate, and need an automatic because I have restricted use at times of my left foot. A five-seater is fine as it is for two older adults. Am finding it difficult to navigate the full range of SUVs and so far have test driven a Ford EcoSport and a Hyundai Kona Premium, which I liked but found expensive. Gillian: You didn't mention how much you have to spend but, assuming a new automatic EcoSport and Kona are out of budget (both around €30k), I will go with options around €20k to €25k. Other automatic, nice specced small SUV models to consider are: Nissan Juke 1.6SV CVT, €24,195; Opel Crossland X 1.2 SE auto, €25,995; Renault Captur 1.5 dCi Dynamique Nav EDC, €24,890; Seat Arona 1.0 TSi SE DSG, €22,575; and Suzuki Vitara 1.6 SZ-T auto, … [Read more...] about Auto SUV? A €55k saloon? Second car? 182 or 191 buy? A new-job motor?
BMW has awarded a contract worth just over a billion euros ($1.16 billion) to China’s lithium battery maker Contemporary Amperex Technology Ltd, the German carmaker said, Reuters reports. The deal will allow China’s biggest lithium battery maker to build a factory to produce cells for electric cars in Europe, BMW spokesman Glenn Schmidt said. CATL is banking on a state-led Chinese drive to curb pollution from traditional combustion engines and increase the country’s presence in the overseas new energy vehicle (NEV) market. CATL is scouting potential locations for a battery production facility in Europe with the German state of Thuringia encouraging the Chinese manufacturer to use a site near Erfurt, in eastern Germany. Last month, Daimler (DAIGn.DE) placed an order with CATL to buy electric car battery cells. CATL did not respond to requests for comment on Friday. CATL made its debut on the Shenzhen stock exchange earlier this month and aims to use the proceeds to … [Read more...] about BMW signs battery order with China’s CATL