The following are some of the news items mentioned in the last few days:

  • Massive unrest in Turkey after the president ordered an arrest of key opposition leader
  • SAP marketcap is 314B Euros and has overtaken Novo Nordisk
  • 23andMe shares have plunged from a marketcap of 6B in 2021 to less than 50M today. It has filed for bankruptcy
  • Trump to impose 25 pct tariffs on any country buying oil from Venezuela
  • Trumps tariffs might have forced business leaders to start manufacturing and other facilities in US but it might take quite a while before things start off as the lead time from plan to production usually takes years
  • BYD revenue in 2024 was 107B USD
    • Sold 400k units overseas out of a total of 10m units
  • Tesla’s shares are down 32 pct this year
  • Trump has pulled US out of Paris agreement
  • Brazil is hosting this year’s COP30 summit
  • European commission last month announced that it is going to cut the scope of business sustainability disclosure rules it introduced 2 years ago
  • Italian manufacturing companies are facing a tough time and fighting for survival
  • Japan’s finance minister says that the country has not yet conquered deflation. The recent rise of inflation is the wrong type of inflation that is being measured and reported, that is driven by weak yen and rising commodity prices
  • Israel is trying to get the upperhand in its war against Hamas, thanks to Trump
  • India’s agriculture sector supports 1.4b people
  • India has lifted restrictions on rice exports. It plans to double the exports by 2030, from the current 48b USD
    • Aims to 100b USD exports by 2030
  • Labour intensive manufacturing is shifting to south-east asia as Beijing pivots towards automation to build a new economy. Millions of jobs could be lost, with repurcussions for stability and growth