Money

German carmakers fined a massive $1.3 billion by the EU

Published

3 years ago

July 8, 2021

ticker NEWS

Four major German car makers have been fined $1.3 billion from the European Union

The UR handed down $1.3 billion in fines to four major German car manufacturers, saying they colluded to limit the development and rollout of car emission control systems.

Daimler, BMW, Volkswagen, Audi, and Porsche avoided competing on technology to restrict pollution from gasoline and diesel passenger cars.

Daimler was not fined after it revealed the cartel to the European Commission

EU antitrust chief Margrethe Vestager stated to the media that even though the companies had the technology to cut harmful emissions beyond legal limits, they avoided competing and denied consumers the chance to buy less polluting cars.

“Manufacturers deliberately avoided to compete on cleaning better than what was required by EU emission standards”

Volkswagen stated that it was considering whether to take legal action against the fine, saying the penalty over technical talks about emissions technology with other carmakers set a questionable precedent.

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

May 14, 2024

Nathan Langridge

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Money

Why are airlines after the Biden Administration?

Published

5 days ago

May 14, 2024

Nathan Langridge

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Money

The mounting pressure on Government spends

Published

6 days ago

May 13, 2024

ticker NEWS

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending