Morning Briefing Global Edition

Traffic Ahead for Tim Cook

traffic jam
Hurts Tim Cook's motor to go so slow.
  • Why it matters

    Why it matters

    My Handelsblatt Morning Briefing Global Edition gives you an overview of the most important news from Germany and Europe – in a concise, two-minute read.

  • Facts

    Facts

    • Volkswagen is facing a deadline today to present a solution for repairing 600,000 manipulated diesel cars in the United States.
    • After being brushed off by Germany’s big-name carmakers for its planned iCar, Apple is now trying to woo German auto suppliers.
    • Elizabeth II became Queen of the United Kingdom, Canada, Australia, and New Zealand when King George VI died in February 1952.
  • Audio

    Audio

  • Pdf

Call it the almighty multicultural dollar. The new U.S. $10 bill will pay tribute to the women’s movement. The new $5 bill will bear the image of Martin Luther King Jr. And for the first time, a black woman will grace the greenback: Abolitionist Harriet Tubman replaces president and former slave owner Andrew Jackson on the $20.

Better late than never. Time the U.S. currency lived up to its promise “E Pluribus Unum:” out of many, one.

 

Is Volkswagen’s U.S. nightmare finally coming to an end? Today the carmaker must present a plan for repairing some 600,000 manipulated diesel cars sold in the United States.

According to a German news report citing people familiar with the talks, Volkswagen has reached a deal with U.S. regulators to pay owners $5,000 each. If true, the settlement may be VW’s first shimmer of light at the end of a long tunnel

 

If true, the settlement may be VW’s first shimmer of light at the end of a long tunnel.

Hush-hush talks between BMW, Mercedes and Apple to jointly develop an electric iCar have broken off. As our auto team learned from sources close to the negotiations, neither automaker wanted to throw in with the tech giant from California.

That’s a setback for Apple in its quest to revolutionize mobility. Apple CEO Tim Cook may be an Internet trailblazer, but he’s learning there’s big traffic ahead in the auto industry.

 

Some of ECB President Mario Draghi’s best friends are in southern Europe and the United States. One is American Nobel laureate Joseph Stiglitz.

In a Handelsblatt interview, the renowned economist praises the ECB boss and calls for the French and German finance ministers to support his policy of cheap money with a public-sector investment offensive. For him, new debt isn’t the problem, but the solution. If economist Paul Krugman is the oracle of debt policy, Stiglitz is his mystical guru.

 

Tim Cook may be an Internet trailblazer, but he’s learning there’s big traffic ahead in the auto industry.

Gerhart Baum was Germany’s interior minister in the late ‘70s. Truth be told, the old-school liberal never stopped influencing domestic policy.

He just made history again by convincing Germany’s highest court to limit law enforcement’s ability to secretly surveil apartments, computers and phone calls. This encroachment on privacy is excessive and must be limited, the court just ruled. Baum has again done Germany a great service. Fighting terrorism is necessary, but we can’t let it rob us of our basic freedoms.

 

“I have to be seen to be believed.” That’s what Britain’s Queen Elizabeth II once said, and she was right. Today she turns 90 and isn’t thinking of slowing down. She may be one of the least powerful monarchs in Britain’s history, but she still commands the world stage.

You can have your cake and eat it too – especially on your 90th birthday in Buckingham Palace. In this spirit, here’s wishing her Royal Majesty a Happy Birthday and many more!

 

My Handelsblatt Morning Briefing Global Edition is an e-mail newsletter sent to your inbox at around 6 a.m. each weekday Wall Street time. It gives you the most important news from Germany and Europe. To reach me: g.steingart@vhb.de

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