We struggle to think of anything analogous in the history of the automotive industry, in which a brand has lost so much value so quickly,” wrote JP Morgan analysts this week. They were describing the reputation crisis facing Tesla, one of the world’s leading electric vehicle manufacturers. The problem for Tesla is straightforward: their CEO, Elon Musk, has embraced hard-right politics. He has supported the neo-Nazi-friendly AfD party in Germany and even made a gesture that looked an awful lot like a Nazi salute at Donald Trump’s inauguration. (Nazis were certainly thrilled by it.) Musk has a leading role in a presidential administration that is waging war on the civil service and gutting climate and environmental policies.
EU politics
The Electronic Intifada: Why is the EU still teaming up with Israel’s tech firms?
If news headlines are a reliable gauge, relations between Israel and the European Union are worse than ever. Josep Borrell, the EU’s chief diplomat, is now a hate figure for the Tel Aviv government. Israel […]
Economics
Eurostat – Household real consumption per capita continues decreasing in both euro area and EU
Still does not sound like a V Recovery Read here
Economics
Wolfgang Streeck – The EU after Ukraine
Assuming that the history of the European Union begins with the European Economic Community (EEC), which was formed in 1958, it has now lasted almost two-thirds of a century. It started out as a six-country […]
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