ROUNDUP 6: Trump approves Tiktok deal – New company in Texas
WASHINGTON – The future of the video app Tiktok in the US seems assured after President Donald Trump approved a deal between Chinese owner Bytedance and US companies. Tiktok’s global business will be in a new company based in the US, “probably in Texas,” Trump said on Sunday night. “I signed the deal.”
ROUNDUP 3: Price dispute between United Internet and Telefnica escalates
MONTABAUR / MNCHEN – The dispute over the costs of using Telefnica Deutschland’s (O2) mobile network by competitor 1 & 1 Drillisch is intensifying. 1 & 1 and its parent company United Internet accuse the subsidiary of the Spanish group Telefnica of having increased the costs for the use of the mobile network considerably from July before the ongoing negotiations were concluded. Telefncia Deutschland rejects the accusation and sees the price increase covered by contracts and agreements.
ROUNDUP / Heil: Conti leads ‘radical’ job cuts – report on more cuts
HANNOVER / BERLIN – Federal Labor Minister Hubertus Heil is irritated by the extent of the plans at the automotive supplier Conti (Continental) to close additional locations. With a view to the closure of the tire production of the Dax Group (DAX 30) in Aachen by the end of 2021, the SPD politician told the “Rheinische Post” (Saturday): “There is no question that the automotive industry is hard from the Corona crisis and is also in a process of transformation. Nevertheless, I have no understanding of a radical job-cutting program in this area. ” This also applies to the Conti site in Aachen, “which was in the black”.
ROUNDUP 2: Tesla builds with speed – criticism of the factory grows with it
GRNHEIDE – The US electric car manufacturer Tesla’s factory in Brandenburg is growing rapidly – but concerns are also increasing. On Wednesday (23 September) critics will meet at a public hearing at the State Office for the Environment, which is responsible for the environmental permit. When the green light comes for the project in Grnheide near Berlin is open. In February, the Berlin-Brandenburg Higher Administrative Court predicted that a permit could be expected. At the time, it rejected complaints against a preliminary permit for clearing forests. Tesla is currently building with provisional authorization for individual construction steps.
Despite hiccups: LVMH applies for permission to buy Tiffany from EU
PARIS – The luxury goods group LVMH (LVMH Moet Hennessy Louis Vuitton) has applied for antitrust approval from the European Commission to purchase the US luxury jewelery chain Tiffany (TiffanyCo). The French announced on Friday evening in Paris that LVMH had taken the step the company had always intended. Eight out of ten competition authorities would have already allowed the purchase.
-Roche presents various data on Tecentriq at ESMO
-Novartis presents data on Piqray and Spartalizumab
-ROUNDUP: Post employees continue warning strikes before the next collective bargaining round
-VW boss: Stricter CO2 requirements lead to more job losses
-Press: Lidl founder also richest German
-‘FAS ‘: Clinics are blocking fewer and fewer beds for corona patients
-After five years: Energy company EnBW satisfied with Baltic 2 wind farm
ROUNDUP: You are reading a summary in the company overview. There are several reports on this topic on the dpa-AFX news service.