Person of the day
US billionaire John Malone, who has been nicknamed“Darth Vader” and likened to a “swamp alligator” for his savvy dealmaking, will trim his cable empire in Europe. His company Liberty Global agreed to sell businesses in Germany and Eastern Europe to Vodafone for €18.4 billion. Deutsche Telekom, worried about a rival getting bigger on its home turf, vowed to fight the merger. Source:
Quote of the day
Deal or no deal
Donald Trump withdrew from the international accord on Iran’s nuclear program, but the French foreign minister denied the agreement has been shredded. “There’s an American withdrawal from the deal but the deal is still there,” Mr. Le Drian said. The US, France, Germany, Britain, China and Iran made the agreement in 2015 to keep the Islamic country from developing nuclear weapons.
Tweet of the day
Always the diplomat
The freshly installed ambassador to Germany, Richard Grenell, took a slightly different position than the top French diplomat. His threat could affect business deals of Siemens, Mercedes-maker Daimler, Airbus and other European companies. A member of the German-Iranian Chamber of Commerce quipped that Mr. Grenell was probably still learning the role of chief envoy and that it was not his job to tell German businesses what to do. Source:
Twitter / Richard Grenell
Graphic of the day
Game of Sports
Adidas is holding its 2018 annual meeting with shareholders on Wednesday, the first full year Kasper Rorsted has been at the helm of the German sportswear maker. The Danish CEO has made it his mission to gain ground on arch-rival Nike, which is still a few sizes larger than the Bavaria-based multinational when it comes to revenue.