Tesla’s share of the EV market plunged to 8.7% year-to-date, from 18.4% last year. Competition is now huge and across the spectrum. Tesla faces the same situation globally.
45 million people have been furloughed in Germany, the UK, France, Italy, and Spain, but the “unemployment” rate barely budged. Creating government-subsidized zombie companies & zombie jobs?
“Companies from outside the euro zone are setting up vehicles to issue debt in euros and thereby qualify for the ECB’s purchase programs.”
Too-Big-To-Fail Santander is also one of Eurozone’s worst capitalized banks.
Fresh Tsunami of Cancellations Washes Over Tourism-Dependent Spain amid Fears Borders Will Slam Shut Again.
“There will be a long-term adjustment in how we think about our location strategy…the notion of putting 7,000 people in a building may be a thing of the past”: Barclays CEO. And companies are following through.
“Everybody’s drinking beer as if there were no tomorrow, but my bar can barely survive off beer sales alone,” says Yahya, owner of my favorite bar.
Dogged by everything from bloated costs to corruption.
Europe may be about to find out. 128 days with my Mother-in-Law.
PE firms sit on lots of cash but won’t invest it in their stripped-bare and failing restaurant chains.